Posted on 09/20/2021 11:44:47 AM PDT by Nathan _in_Arkansas
U.S. stocks began the week deeply in the red as investors continued to flock to the sidelines in September amid several emerging risks for the market.
The Dow Jones Industrial average lost 900 points, or 2.6%, set for its biggest one day drop since October 28 2020. The S&P 500 fell 2.7%, also on pace for its worst daily performance in nearly 11 months. The tech-heavy Nasdaq Composite dropped 3.3%.
Monday’s rout pushed the S&P 500 5% below its all-time high from September 2 on an intraday basis. This marked the first 5% pullback for the broad equity benchmark since October 2020, according to LPL Financial Research. The blue-chip Dow and the Nasdaq were also now more than 5% from their respective record highs.
(Excerpt) Read more at cnbc.com ...
"The Biden Plan is working." - Joe Biden
It can’t go up forever
5% down…another 15-20% to go.
My better half is in a panic. On the phone to his stockbroker as I type.
Thanks Joe
With the disaster biden has turned this country into, I’m surprised we didn’t have a crash sooner.
Oh, dear. There goes my cruise in January. Thanks, Joe
at least it isn’t this (yet)
https://rumble.com/vjnfyb-crash-of-1987-live-news-reports-of-stock-market-crash.html
True. Frankly I believe we’re overdue for a massive correction. Probably a 2008 correction.
I believe the economic house of cards is about to fall. I only feel sorry for those who have retirement savings tied solely to the market. Good people diligently investing for years pay the price. They don’t get a bailout, but once again, corporations will. Mark my words.
Notice the interested parties the two authors Yun Li and Hannah Miaow.
Not the Babylon Bee, though.
The Communist News Bull Crap TV news site (”CNBC”).
First time posting an article on about 15 years.
Being from Arkansas, we thought maybe you had the goods on Hillary.
we sold everything 4 weeks ago. went to 100% cash.
Sell Back Better, or, Better Sell Back?
Chinese markets dumping are causing this.
They have a huge problem and will have to bail out their own internal market or suffer the consequences of social unrest from people losing everything.
For a working/middle-class person working for others, the stock-market is the most obvious option.
Cash pays nothing and will get devoured by inflation. Fed.gov is deeply in debt, and the ONLY way out of debt is by inflating it away.
They may own their home, and if lucky, be able to invest in some land or small farm
Precious metals seem to be suppressed and have gone nowhere for 18 months
Commodities are attractive, but the vehicle for those is again, stocks and exchange-traded funds, so you still face overall stock-market risk.
What else is there?
Might be a time to buy back into the market. I’d put that cash into a few real assets as well. Inflation will eat up your cash.
But, I’m not a pro investor nor a financial advisor.
I hear you. the future is clear as mud though! LOL
2.6% is not much, actually. It’s a false reaction and opportunistic drop by the big boys based on Evergrande in China, which does NOT affect us. What a lie Federal Reserve guys. We now know who drives all of this.
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