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Dow tumbles 500 points as selling increases before key Fed rate decision
CNBC ^ | 9/20/2022 | Samatha Subin/Jesse Pound

Posted on 09/20/2022 11:34:16 AM PDT by Signalman

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To: Theoria

I would not be surprised.


21 posted on 09/20/2022 2:04:13 PM PDT by jdsteel (PA voters: it’s Oz or Fetterman. Deal with it and vote accordingly.)
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To: nascarnation

Yep. Our rates are not high enough. The Fed will have to raise them some more to curtail economic activity to tame inflation. They were way late too put on the brakes. Now we are paying for it. Right now there is still a labor shortage. So the Fed isn’t doing enough right now.


22 posted on 09/20/2022 2:06:58 PM PDT by MinorityRepublican
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To: Signalman

My 201k is fine.


23 posted on 09/20/2022 2:23:45 PM PDT by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: jdsteel
But Biden just said that the stock market is not the economy.

-PJ

24 posted on 09/20/2022 2:27:51 PM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Signalman

Perspective:

S&P increase last 3 years 30.19%

S&P increase last 3 months 2.42%


25 posted on 09/20/2022 2:40:16 PM PDT by Raycpa
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To: bert

The same prudent investor, already down 18-20% from Jan 2022 is likely to lose another 15% during next 12 months. And to get back to high set on Jan 2022, my crystal ball says 2 to 3 years wait. Hopefully this prudent investor has enough cash on hand to last 2 to 3 years if she should not sell for living expenses.


26 posted on 09/20/2022 2:50:20 PM PDT by entropy12 (Trump & MAGA are the only road to kep USA viable.s)
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To: EQAndyBuzz

SPX 500 should begin new high’s from Jan 2022 in 3 more years.


27 posted on 09/20/2022 2:53:06 PM PDT by entropy12 (Trump & MAGA are the only road to kep USA viable.s)
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To: Political Junkie Too

“ But Biden just said that the stock market is not the economy.”

I’d like a broken clock, he is right on that point. Of course, a broken clock is right twice a day so there’s that.


28 posted on 09/20/2022 4:38:08 PM PDT by jdsteel (PA voters: it’s Oz or Fetterman. Deal with it and vote accordingly.)
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To: jdsteel
he is right on that point.

Until he starts taking credit for it as proof that the economy is getting better.

-PJ

29 posted on 09/20/2022 4:42:16 PM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Political Junkie Too

Closing at -313.45 / -1.01% on the Dow today.


30 posted on 09/20/2022 5:11:23 PM PDT by spokeshave (Proud Boys, Angry Dads and Grumpy Grandads.)
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To: spokeshave
And that's only 30 industrial stocks!

The NASDAQ composite index was down 0.95% (-109.97).

The S&P 500 index was down 1.13% (-43.96).

Th Russell 2000 Small Capitalization index was down 1.4% (-25.34).

-PJ

31 posted on 09/20/2022 5:18:06 PM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Signalman

Another 3/4 increase coming tomorrow.


32 posted on 09/20/2022 5:18:20 PM PDT by mware
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To: bert
A prudent retired investor should have on hand adequate cash to carry through the down market

But that prudent investor will struggle to make up for the fact that his cash is losing 10% to 20% of its value each year.

33 posted on 09/20/2022 6:11:32 PM PDT by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas)
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To: BfloGuy

Stocks fell in 6 weeks starting in mid november 2021 by some 1/3rd.
Hard to be prepared for that!


34 posted on 09/21/2022 1:15:55 AM PDT by minnesota_bound (Need more money to buy everything now)
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To: BfloGuy

No, you are wrong.

The current inflation is 8%, far less than the overstated 20% you try to foist on the forum


35 posted on 09/21/2022 5:37:34 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
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