Posted on 10/13/2022 6:45:33 AM PDT by Tell It Right
The Dow Jones Industrial Average fell 500 points, or 1.73%. The S&P 500 slipped 2.10% and the Nasdaq Composite slumped 2.80%. The yield on the 10-year U.S. Treasury spiked above 4% as bonds sold off - yields are inverse to price.
Thursday morning photo of traders consoling each other as they look up at the boards:
(Excerpt) Read more at cnbc.com ...
“The S&P 500 is down 27% from its ATH, even after adjusting for dividends. It’s down 8% since Depends-in-Cheat moved into the WH.”
I’m supposed to retire on Monday. Now I have to wait eight years. Thanks Joe Brandon.
How can the index be down due to the inflation report? Joe Biden had that big party at the White House, to celebrate the Inflation Reduction Act. Didn’t the Inflation Reduction Act reduce inflation? What the heck????
Don’t be confused. Soon he’ll take to the microphone to explain that 8.2% is really zero. Then everything will be ok
This is historic. To be one of the top five worst years EVER for the S&P 500, it will have to have more than -25.1% for the year. As we sit here right now it is at -26.74% YTD. So we have a real chance of one of the worst years in the history of the market. That should be big news. The media is really downplaying it.
Four of the top 5 worst years were in the Great Depression decade. So that is the territory we are entering. No way this level of market decline doesn’t start to impact the broader economy in a big way.
Well, 30% decline is one heck of a correction. Unfortunately I suspect we have a flat market for 2 years and maybe 4 years to make up these losses.
Your graphic is clairvoyant as I see Obama coming out to help his drooling VP by stating something like the following “When I was elected, we were looking at the darkest days of economic doom but we did what we did and turned it around...etc...BS”
Your wealth is what the Dims are taking to “net zero”.
Unexpectedly no doubt.
L
Not this month, the monthly increase was 0.4%.
The market is returning the love the biden crowd gave America
No it’s not. Besides, you people are too stupid to understand how good this is for you! /democrat defense
DOW 28,967.02 -243.83 -0.83%
S&P 500 3,533.65 -43.38 -1.21%
NASDAQ 10,216.17 -200.93 -1.93%
Or
...continue this 21st century build back better Bolshevik (stupid)?
“Shut up, he explained.”
Brandon entering the WH with little room left for stocks to go up was scary -- a very different scenario from Obama entering the WH after the S&P 500 had dropped 50% and had nowhere to go but up.
IMHO Trump doesn't get enough credit for keeping up a high stock market he inherited. The bull market was already 12 years old when he entered the WH; it seemed to have more room for going down than up. Yet he kept it going strong until the china virus. And even with the market tanking bigly in 2020 it rebounded almost as quickly so that 2020 was a net positive.
Sorry. Should be:
“Shut up,” he explained.
Need MOAR coffee.
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