Posted on 09/13/2022 1:19:02 PM PDT by Tench_Coxe
Stocks fell sharply on Tuesday after a key August inflation report came in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.
The Dow Jones Industrial Average slid 1,276.37 points, or 3.94%, to close at 31,104.97. The S&P 500 dropped 4.32% to 3,932.69, and the Nasdaq Composite sank 5.16% to end the day at 11,633.57.
(Excerpt) Read more at cnbc.com ...
When you're wondering how you're going to make the grocery bills, you can be sure those in DC aren't missung a meal.
Cheer up and celebrate, Biden-style!!!
But I just don’t understand, my president just said it’s all good.
How’s your 4 0 none(k)?
Just wait until deflation hits. It will happen fast and is worse than inflation. Everybody is worried about inflation but i’m telling you, deflation is worse.
Does this apply now? yes
However, under certain circumstances, rapid deflation can be associated with a short-term contraction of economic activity. In general, this can occur when an economy is heavily laden with debt and dependent on the continuous expansion of the supply of credit to inflate asset prices by financing speculative investment, and subsequently when the volume of credit contracts, asset prices fall, and speculative over-investments are liquidated.
I just got off the phone with my financial guy.
Pulled half my funds out of the market into cash.
Told him future trades will depend upon whether the repubs
take the house and senate or get cheated out again.
Just seemed prudent...
FWIW, the S&P is up 4% from June 30, 2022
Cel-e-brate good times! Come on!(man)!
And Brandon was just on TV telling everyone how good the economy is because of him and his policies. Even as MSM news reported the DOW dropping another 1,000+ points & inflation is 8.7%.
Is today capitulation day?
What is capitulation in stock market?
Capitulation in finance describes the dramatic surge of selling pressure in a declining market or security that marks a mass surrender by investors. The resulting dramatic drop in market prices can mark the end of a decline, since those who didn’t sell during a panic are unlikely to do so soon after.
Meanwhile the muddled middle of voters who will determine the November election are avidly following the royal soap opera in Britain. They know little about what is happening to America or why.
FJB
They don’t care about this country. They don’t care about themselves. Because the answer is so obvious to anyone with intelligence. We can’t go on a non-oil economy. This administration is on a suicide mission. November can’t come soon enough. Today though no one will say it we had a stock market crash.
a good day for a massive Democrat Party at the White House.
Yeah, Americans don’t know how good they have it! (Chocolate rations will be increased from 30 gms to 20 gms)
Thats what I fear might be coming. Old enough to have family who lived through the Depression. Funny what one found in the attic and elsewhere after they passed.
They’re high fiving each other in the WH today.
“Not a joke, Jack!”
Thanks. ‘end of a decline’? hmmm
A transitory tumble. /sarc
This is as serious as your first heart attack. The self-destructive lowlife lying dirtbags!
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