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Dow closes 500 points lower after the Fed delivers another aggressive rate hike
cnbc ^ | 9/21/2022 | Samantha Subin Carmen Reinicke

Posted on 09/21/2022 1:10:22 PM PDT by Signalman

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1 posted on 09/21/2022 1:10:22 PM PDT by Signalman
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To: Signalman

30,183.78
−522.45 (1.70%)today


2 posted on 09/21/2022 1:12:37 PM PDT by Signalman
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To: Signalman

The Fed cleaning up the Biden mess.


3 posted on 09/21/2022 1:13:13 PM PDT by 1Old Pro
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To: Signalman

I don’t think they should have a definitive target.


4 posted on 09/21/2022 1:14:00 PM PDT by nickcarraway
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To: Signalman
Some affirmations to help investors during this trying time...
"My 401k is doing just fine as a 301k!"

"My 201k is up for the week!!"

"I will work another year or two."

"The markets always come back."

"The markets will shrug off the world-wide recession easily!

"At least my home is going up in val..... Oh shoot!"


5 posted on 09/21/2022 1:14:28 PM PDT by aMorePerfectUnion (Fraud vitiates everything. )
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To: Signalman

Guessed that there was a lot of naked short selling to front run the expected big drop late today or tomorrow,


6 posted on 09/21/2022 1:19:55 PM PDT by RetiredTexasVet (Biden not only suffers fools and criminals, he appoints them to positions of responsibility. )
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To: Signalman

They have to raise rates because of totally an incompetent and unproductive delivery system and business management policies.

The way they are running it is scatter brained...


7 posted on 09/21/2022 1:21:15 PM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: RetiredTexasVet

Should be down 1000pts tomorrow


8 posted on 09/21/2022 1:21:26 PM PDT by Striperman (Striperman)
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To: aMorePerfectUnion

9 posted on 09/21/2022 1:21:32 PM PDT by Theoria
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To: Openurmind
incompetent and unproductive delivery system and business management policies.

But their ESG scores are lookin' real good!

10 posted on 09/21/2022 1:24:28 PM PDT by 17th Miss Regt
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To: Striperman
Should be down 1000pts tomorrow

Probably hasn't yet priced in the terrible recession and stagflation that will definitely happen in 2023. The other problem is that the market indexes will most likely remain flat for years.

11 posted on 09/21/2022 1:25:04 PM PDT by 1Old Pro
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To: aMorePerfectUnion

⬆️⬆️⬆️


12 posted on 09/21/2022 1:25:48 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: 1Old Pro

It will be below 30,000 if only briefly by tomorrow or Friday.

If not, I’ll be surprised.


13 posted on 09/21/2022 1:27:22 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Theoria

Excellent!


14 posted on 09/21/2022 1:27:46 PM PDT by aMorePerfectUnion (Fraud vitiates everything. )
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To: aMorePerfectUnion

Down another 2% today, and 20% year to date.. and we have not hit bottom yet. The federal reserve basically threw in the towel today on that so called soft landing they have been touting. Hard for the federal reserve to fix this, when Biden just passed the inflation increase act 2 weeks ago and threw a party on the lawn of the white house.. federal spending continues to increase at alarming rates.


15 posted on 09/21/2022 1:31:55 PM PDT by gswilder
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To: 17th Miss Regt

But their ESG scores are lookin’ real good!
_________________________________________________________

A lot better than folks 201k’s and much better than when companies’ stocks go to zero or become penny stocks.


16 posted on 09/21/2022 1:32:09 PM PDT by JCL3 (As Richard Feynman might have said, this is reality taking precedence over public relations.)
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To: 1Old Pro

I just don’t see how they decrease balance sheet with 2trillion dollar deficits


17 posted on 09/21/2022 1:32:32 PM PDT by genghis (Cathinkngact only reason go after puthan 5nu0 inbbiedComlpln)
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To: SaveFerris

Man I’m glad I neutralized my investments when I did......and I STILL lost $2k before I could get it stopped.

SMH


18 posted on 09/21/2022 1:32:53 PM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: gswilder

(and we have not hit bottom yet)

Yep

📉📉📉📉⬇️⬇️⬇️


19 posted on 09/21/2022 1:35:43 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: aMorePerfectUnion

Typical gouberment management. People are living on their credit cards cause the gouberment screwed up the oil industry to make everything more expensive and this will add to the pain for people.
Heard that overall sales are up 2%. ??????????? Actually down 40% but everything people buy cost 42% more.


20 posted on 09/21/2022 1:37:15 PM PDT by oldasrocks
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