Dow down more than 450 points on recession fears

The Hill ^ | 09/29/2022 | ZACH SCHONFELD

[ChicagoConservative27]

Stocks dropped steeply on Thursday as investors showed fears of a potential recession and currency volatility, erasing gains made during Wednesday’s rally.

The Dow Jones Industrial Average dropped by more than 450 points, or 1.5 percent, to 29,227, while the Nasdaq fell by 2.8 percent and the New York Stock Exchange sunk by 1.6 percent when markets closed Thursday.

[SaxxonWoods]

AMZN -2.72
AAPL -4.02
FB -3.67
GOOG -2.63

Those are all tech stocks. Interest rates affect tech stocks more than other types of business stocks.

[SaxxonWoods]

People that talk but don’t invest don’t look at longer timeframes.

[DAC21]

Dumb and Fatter sure gives me comfort that all is well.

[SaxxonWoods]

“When will the Mockingbirds start using ‘percent loss’ for the day?”

It should have always been reported as percentages. The reporting headlines aren’t written for investors.

[SmokingJoe]

Crammer is wrong a lot of the time.
And its easy to make money if you are a stock piker by buying before toy recommend a stock. Then selling when it goes up after recommending it.

[ConservativeInPA]

He’s an eff’n moron when it comes to market advice. His blunders are huge. Example: Bear Sterns. Cramer is nothing more than a shrill for Walk Street. He represents everything wrong. In other words, he’s a steaming pile of excrement.

[donozark]

Vanguard (VWETX) Bond Fund down nearly 30% year to date. Investment grade. Pleased you are doing well in bonds. Most aren’t.

[SmokingJoe]

High interests rates affects everybody and all sectors.
As long as you have borrowed money to run your business.
Plus Google and Apple are sitting on humongous amounts of cash anyway. They shouldn't be affected much by high interest rates.

[SaxxonWoods]

I’m sorry, but that’s ridiculous.

[SmokingJoe]

I wouldn’t say you are wrong.
Chuckle.

[SaxxonWoods]

Well, I recommend you do some more research on that.

Tech stock are hit harder by high interest rates than most other types of companies.

[SmokingJoe]

It isn’t wrong.

[SmokingJoe]

Yeah?
What about the real estate business which relies on Mortgage rates which have shot up from high interest rates?

[SaxxonWoods]

“Vanguard (VWETX) Bond Fund down nearly 30% year to date. Investment grade. Pleased you are doing well in bonds. Most aren’t.”

Yeah, bond funds are sucking eggs. My personal “bond fund” is making money and paying no taxes, double benefits. Bigger profits will when rates peak and start down again. In the meantime, beating the banks with dough I don’t want in the market right now and not paying taxes on the gains is just fine.

[ConservativeInPA]

My comment about Cramer was just a joke. When challenged I stop joking.

[SaxxonWoods]

OK, rock on.

[SmokingJoe]

I stopped taking Crammer seriously long, long ago.
Its easy enough to do one's own research and pick good stocks. Years ago, Crammer used to trash Tesla regularly. Even in the last couple of years, he trashed Tesla for political reasons when Musk trashed Dementia Joe. You can't take stock advise from such a guy.

[rktman]

Well, today is the day that isn’t yesterday but today so......

[crz]

And yet we are giving money to a country to fight a war we have no business being involved in.

And the largest supporters of that are on this web site.

[SaveFerris]

GREATEST ECONOMY EVER!!