Posted on 05/20/2022 9:05:02 AM PDT by Tell It Right
U.S. stocks fell on Friday, extending losses from earlier in the week and putting the S&P 500 on the cusp of a bear market. The relentless selling has the Dow Jones Jones Industrial Average on pace for its eighth negative week in a row.
The S&P 500 traded about 0.8% lower, putting it more than 19% below its record reached in January. A 20% decline would mark the first bear market since the March 2020 pandemic decline. The Dow fell 225 points, or 0.7%, with the benchmark losing steam after a strong open. The Nasdaq Composite dipped 0.9%.
(Excerpt) Read more at cnbc.com ...
If you invested in the S&P 500 the day Brandon entered the WH you'd have a whopping 2% return for the past 16 months.
with the anti-economy, anti-jobs and warmongering policies in WashDC,
any intelligent person would definitely be selling down now
the odds of a serious recession are high
the odds of a serious bloody war for USA are increasing with each new warmongering step by Biden, his aides/appointees, and now Congress
could things get better again? yes, but not without serious change in WashDC...
reversion to the mean....S&P drops below 1800 before this is all over....next 3 years at least are going to be ugly...
No one is buying the dip. Including the Dip in the White House.
30,901.62
▼ 351.51 (1.12%)
09:16 PDT
Does this mean that people are expecting to be walking more?
-PJ
Over 200 points below where the Dow was when the Senile One fraudulently took office as “president”.
price of fuel keeps going up walking will be our only choice.
Biden’s not just taking down the US - he’s taking down the whole world with us. What an evil force...
It’s all Putin’s fault. /s
Not everything is going down, thankfully.
I know, I know... while DOW, stocks, PMs, supplies of formula are down, at least some things are up: gas, diesel, food.
[for the record, the only item from both categories that is worth anything to go to are PMs - sale ‘prices’ ATM. Sale defined by any trade of fake or fiat anything will prove to be of value after the dust settles]
‘They’, the WEF suckling Congress of demonrats NEED to have a war with Russia and China AND a HUGE ‘CONdemic’ BEFORE September 15. That way, the Congress Critters can suspend the ‘War Powers Act’, allowing XiJinBiden to go full on war against Russia (and unfortunately, cheered on by MANY FReepers). XiJinBiden can also bring in more ‘mail-in voting, thereby guaranteeing a majority through to the next election.
“RUSSIA! RUSSIA! RUSSIA!” and “MONKEYPOX! MONKEYPOX! MONKEYPOX!” will become the demonrat call!
Watching Wall Street over the past 4-5 months, you could almost swear the market is working up the nerve to do an October 29, 1929 replay.
And the real bubbles have yet to be popped......
“cusp of a bear market”? It IS a bear market and it is continuing and getting worse.
We won’t see daylight for years if we make it that long.
A really bad part of it all is how the DemoNaziCommie DNC puppet
Politicians have so thoroughly lied to the American people — over and over about so many things — that even many D voters simply can’t believe them anymore.
A nation whose leaders create and drag it into needless wars (or any wars, for that matter) needs the cohesion that comes with trust in the leadership. War is dangerous enough without adding this extreme lack of credibility at the top
A “bear market”? Wth? Nobody owns us!
That could well be. Most people can’t afford to buy cars, some not even repair their old ones, and e-bikes are not cheap. A cheap electric bicycle is $1,500 and decent ones start above $2,000.
I know, because I am in that boat myself, and likely a number of others are also sharing that boat. My car is on the fritz and I live 12 miles from work. My shift hours change daily, and I can have unpaid gaps within the shift, of up to 4 hours. Using public transit, results in an additional 3 hours a day, so I often don’t get home until 15 hours after I left. An e-bike would reduce that time somewhat, and provide me with more exercise.
There are some winners in all this:
Car repair places as people can’t afford new cars will see an aging car market.
‘Alternate fuel’ industries and those (China) owning precious metals or controlling them.
Democrat voter groups would seem the hardest hit - blacks, working poor, Hispanics, single mothers - but they voted for it...
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