Posted on 10/01/2022 12:20:30 AM PDT by knighthawk
Wall Street ended Friday -- the final day of the month and the quarter -- on another down note, with the main stock indexes posting their third straight quarterly loss for the first time since the Great Recession.
The Dow Jones Industrial Average dropped 500 points for a loss of 1.7 percent on the day, marking a decline of 8.8 percent for the month of September, 6.6 percent for the quarter, and 21 percent since the start of the year.
The market's dismal recent performance follows historically high inflation, rapidly rising interest rates, and fears that the economy could soon crash into a sharp downturn with massive layoffs and soaring unemployment.
(Excerpt) Read more at dailymail.co.uk ...
Yes, traditionally correct. Also, the bottom is set when everyone has given up and gotten out or decided to do nothing. Then the market is out of sellers.
Freepers are leaders in pessimism, so there’s some more work to do with the rest of the country.
Well, the media have already redefined ‘recession,’ so why not redefine ‘bear market?’ In the near future they’ll also redefine ‘shortage,’ ‘homelessness,’ ‘starvation,’ ...
They’re already redefining “recession”.
Price is truth.
2 Chronicles 7:13-14.
I expect October will end with good news and a less bad market just before the election.
Manufactured, of course, by the Fed and the media. With help from BlackRock.
The stock market doesn’t effect the economy
Joe Biden 9/22
And I think Karine Jean-Pierre said something, along the lines of, that the stock market is just one indicator, and she wants us to focus on other indicators of the great economic conditions due to Biden’s policies.
Indeed think of the great economic conditions due to Biden’s policies.
***************************1929*******************************
At this Recession rate, we’ll be in the throes of a Depression, all too soon enough.
It would be great
🛐🙏✝️
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