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DOW breaks below 30,000… S&P and Nasdaq down more than 4%…
https://citizenfreepress.com ^ | Posted by Kane on June 16, 2022 12:10 pm

Posted on 06/16/2022 9:29:20 AM PDT by Red Badger

Data out Thursday further indicated a dramatic slowdown in economic activity. Housing starts dropped 14% in May, topping the 2.6% decline expected by economists polled by Dow Jones. The Philadelphia Fed Business Index for June came in with a negative 3.3 reading, its first contraction since May 2020.

Home Depot, Intel, Walgreens, JPMorgan, 3M, and American Express hit new 52-week lows amid growing recession fears while tech shares dropped after a bounce on Wednesday. Amazon, Apple and Netflix all slid more than 3%. Tesla and Nvidia dropped more than 6% and 5%, respectively.

Continue reading…

https://www.cnbc.com/2022/06/15/stock-market-futures-open-to-close-news.html


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: ididthat; letsgobrandon; poopypantsbiden; stockmarket
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1 posted on 06/16/2022 9:29:20 AM PDT by Red Badger
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To: Red Badger

https://www.cnbc.com/2022/06/15/stock-market-futures-open-to-close-news.html


2 posted on 06/16/2022 9:29:36 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

This is Building Back Better.

Apparently.


3 posted on 06/16/2022 9:30:39 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: Red Badger
To commemorate the event, the NYSE released this soundtrack:


4 posted on 06/16/2022 9:31:19 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Red Badger

10-12K Bitcoin here we go...../s


5 posted on 06/16/2022 9:31:28 AM PDT by cranked
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To: Red Badger
DOW breaks below 30,000… S&P and Nasdaq down more than 4%…

This is all my fault. I didn't sell off my 403b mutual funds last month like I said I would...

6 posted on 06/16/2022 9:32:45 AM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: Yo-Yo

Join the club.


7 posted on 06/16/2022 9:33:33 AM PDT by crusty old prospector
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To: Red Badger

Don’t try to time the bottom. Pick stocks you want at the price point which you assess as desirable. Then hold until the next bull market.


8 posted on 06/16/2022 9:33:39 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: Red Badger
DOW breaks below 30,000… S&P and Nasdaq down more than 4%…


9 posted on 06/16/2022 9:33:44 AM PDT by SpokeshaveReturns (Spokeshave Returns)
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To: Red Badger

All going according to the commie plan..burn America down and build it up again in their own vision


10 posted on 06/16/2022 9:35:37 AM PDT by Sarah Barracuda
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To: Red Badger

Biden changing lives


11 posted on 06/16/2022 9:35:59 AM PDT by DannyTN (2 )
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To: Red Badger

How long ago was it that Dimjo was bragging about how he his election alone had caused a record rise in the stock market?


12 posted on 06/16/2022 9:37:02 AM PDT by Tupelo (Don't underestimate The Republican Party's ability to f*ck things up)
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To: Red Badger

Biden still on the job and the after math will last for years and it may just be part of the democrats plan because they know the republicans have a chance of taking the field.


13 posted on 06/16/2022 9:37:44 AM PDT by Vaduz ( )
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To: Red Badger

Another milestone for Biden.

Change promised - change delivered.


14 posted on 06/16/2022 9:38:03 AM PDT by Republican Wildcat
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To: Red Badger

A lot of stocks were way overpriced anyway.

But, stocks are a leading indicator of very bad times to come.

And so is the price of fuel, which if it were to come down drastically, would create a booming economy again.


15 posted on 06/16/2022 9:39:34 AM PDT by adorno
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To: Red Badger

Biden changing lives


16 posted on 06/16/2022 9:39:58 AM PDT by DannyTN (2 )
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To: Red Badger

17 posted on 06/16/2022 9:40:08 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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To: Red Badger

Pelosi has probably shorted several stocks.


18 posted on 06/16/2022 9:40:25 AM PDT by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: Red Badger

Worst President in history. Period. Own it Dem idiots.


19 posted on 06/16/2022 9:41:34 AM PDT by databoss
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To: adorno
And so is the price of fuel, which if it were to come down drastically, would create a booming economy again.

Booming with even higher inflation. As bad as this sounds the high price of fuel is sucking money out of the economy and slowing inflation down in the rest of the economy. Yes, thing are that f'd up.

20 posted on 06/16/2022 9:41:57 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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