Posted on 08/05/2024 3:15:12 AM PDT by Oldeconomybuyer
U.S. stock futures tumbled Monday as part of a global market sell-off centered around U.S. recession fears. Japan’s Nikkei 225 plunged 12% in its worst day since the 1987 Black Monday crash for Wall Street.
Here’s where U.S. stock market futures stand at the moment:
* Dow Jones Industrial Average futures dropped 633 points or 1.6% following a 611-point loss on Friday.
* S&P 500 futures are down 2.6% after the benchmark lost 1.8% on Friday.
* Nasdaq-100 futures lost 4% as big tech stocks got hit hard in early trading.
(Excerpt) Read more at cnbc.com ...
We need Kamala to ‘splain what is happening.
I’m retired still have two TSA of 100,000 and 30,000. It’s been my insurance policy in case for some reason my pension or ss would be reduced or lost.
"It's Trump's fault" - answers all things! /s
The pathetic thing is that there are mindless dolts who believe the democrat and media lies. They attribute everything bad as being Trump's fault. Zero critical thinking skills and/or mind numbing TDS are perfect recipients for democrat & media gaslighting. We need to fix this. A step in the right direction would be for MAGA people to own/control the major media outlets. Although not MAGA, Elon Musk controlling X is a step in the right direction. Let's pray that we see an end to anti-MAGA ownership in our media.
MSM: “Trump’s fault”
We Balied on Biden a while back.
Good luck, all.
Kamaleconomy! Bidenomic failed domestic and foreign policies.
Relax, Biden has got this.
You know—the thing.
https://www.cnbc.com/quotes/@DJ.1
Still diving.
Are Deep States worldwide about to loot their nations, take the money and run...?
Most on the S&P 500 board at Yahoo Finance are saying this is because of the 5.25 fed funds rate. I don’t think so.
A 5% rate is probably more healthy than those .25% rates we had during most of Bidens term.
That free money party is over and now the hangover.
Unless you're retired and relying on your investments for part of your income. IN which case, I'd argue, that you DO buy food there.
Maybe they're deliberately tanking the market so that they can grab everyone's 401K in exchange for some sort of guaranteed "government" income. You know, there are a lot on the far left that want to do exactly that. Of course, such income will be inadequate, and it'll be shared by those that saved and the deadbeats because that's their version of fair.
It’s 1000 points now - thanks Crime Boss Joey and Camel Hump.
“We need Kamala to ‘splain what is happening.”
We will assist the stock market in its recovery by assisting in terms of the recovery efforts in the stock market.
And we will not be burdened by what was but will strive for what can be. because what can be isn’t what was or what is but what is what will be maybe.
Whatever.
I see you have already asked her for her expertise. LOL
VIX (volatility index) today is already at a four year peak, just under the March 2020 crash.
Just checked my account with Wells Fargo. The investment section is blank saying some information is not available.
They are back from vacation or working from home it seems, as there hasn’t been this volatility since March 2020.
The thing about market crashes is that, historically, are always followed by big run-ups.
DOW JONES 30 INDUSTRIALIndex , DJIA
38,691.92 -1,045.34 -2.63%
09:55:46 AM
The entire market gains under Kamala and Brandon are about to be wiped away. So add to that their inflation, and you lost.
So were we better under Trump? I hope the Trump campaign will start to do some TV advertising on the economy and the border.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.