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Dow sinks nearly 800 points as Delta variant fears hit Wall Street hard
Commie New Nimrods ^ | 07-19-21 | Paul R. La Monica

Posted on 07/19/2021 9:19:03 AM PDT by AAABEST

Energy stocks plummeted as well following a more than 3% drop in oil prices. Chevron (CVX) and Exxon Mobil (XOM) were down nearly 3%.The OPEC+ group of nations also agreed over the weekend on a deal to produce more oil, a move that could boost supply and reduce crude prices.

Long-term bond rates continued to slide as well, a sign that fixed income investors are now far more worried about a Delta variant-induced economic slowdown than they are about rising inflation fears. The yield on the 10-year US Treasury sank below 1.2% for the first time since February.

But as consumer prices continue to rise, some worry about a more insidious threat: the possibility that another Covid-19 outbreak could slow the economy even as inflation pressures mount. That's a phenomenon known as stagflation.

(Excerpt) Read more at cnn.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: delta; dow; fakenews
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Am I bad for going full into tangibles (real estate, oil, metals) and hoping/praying that these markets crash violently... and all these fks just hang themselves?
1 posted on 07/19/2021 9:19:03 AM PDT by AAABEST
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To: AAABEST

This scarient is harmless...

The world is so freaking upside down.


2 posted on 07/19/2021 9:20:20 AM PDT by HypatiaTaught (president FRAUD of the divided states of China)
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To: AAABEST

Don’t plan based upon the alleged dangers of the Wuhan Flu.

Plan based upon the opportunistic perfidy of Democrats and out of control government.


3 posted on 07/19/2021 9:21:40 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: AAABEST

Biden variant will destroy the economy.


4 posted on 07/19/2021 9:21:42 AM PDT by Flick Lives (“Today we celebrate the first glorious anniversary of the Information Purification Directives.”)
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To: HypatiaTaught

Let’s bring in some more illegals…that’s the ticket.


5 posted on 07/19/2021 9:22:16 AM PDT by lilypad
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To: AAABEST

Maybe fears about inflation have something to do with this adjustment, maybe.


6 posted on 07/19/2021 9:22:24 AM PDT by The Louiswu ( No one is immune to the after-effects of girls, cocaine, and dry martinis.)
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To: AAABEST

A correction will come, no matter what happens.


7 posted on 07/19/2021 9:23:06 AM PDT by Huskrrrr (Pronouns? I need no stinkin pronouns!)
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To: AAABEST

The market smells the Biden Recession.


8 posted on 07/19/2021 9:23:15 AM PDT by bray (Hating Whites is racist)
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To: AAABEST
I'm out of stocks entirely. Real estate is already sky high with almost nowhere to go but down.


I'm about 50% in LT treasury mutual funds and ETF's. TLT is high like Hunter today.

9 posted on 07/19/2021 9:23:31 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: AAABEST
Am I bad for going full into tangibles (real estate, oil, metals) and hoping/praying that these markets crash violently

No, you are correct to invest in tangibles. But unfortunately, a crash short-term will drag down everything with it, perhaps especially commodities, because the "narrative" for these has been reflation.

10 posted on 07/19/2021 9:24:24 AM PDT by PGR88
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To: HypatiaTaught

You need to be more scared!!! Cower in fear!!! Covid is going to kill all your chickens!! Your only hope is to obey the government without question!!


11 posted on 07/19/2021 9:24:50 AM PDT by AppyPappy (How many fingers am I holding up, Winston? )
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To: AAABEST
No matter what happens with the stock market, the "elites" you want to hurt will not be affected. The truly rich in our society are very well protected with their assets and investments overall.

As for personal investing advice, you can never go wrong with index funds based on the S&P 500.

So long as you stick with it for the long term and continue investing, even on the dips - that is called dollar cost averaging.

Almost always, an amateur that is constantly re-allocating and shifting investments around trying to time markets gets burned.

12 posted on 07/19/2021 9:25:05 AM PDT by SamAdams76 (Give me a Pigfoot and a Bottle of Beer)
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To: AAABEST

I’m not high on gold and silver right now but I’m in other metals and energy. I manage most of my own stocks, but have one account with a broker. Just called him and asked if he was being kept busy today and he laughed and said, “Yes I am.”

I told him we were holding what we had in that account, and most of it is in energy. Everybody thinks the recent OPEC+ agreement will lead to more supply, lowering prices. I think the agreement will lead to higher prices over time IF the world doesn’t shut down again. If it does, there will be a big price shock upwards upon the eventual reopening.

I’ll also be surprised if citizens put up with onerous shut downs due to the variant.


13 posted on 07/19/2021 9:25:16 AM PDT by SaxxonWoods ( comment might be sarcasm, or not. It depends. Often I'm not sure either.)
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To: AAABEST

Under Communism, honest people lose.

For more advice, ask a former resident of Caracas.


14 posted on 07/19/2021 9:25:21 AM PDT by Brian Griffin
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To: BenLurkin
Plan based upon the opportunistic perfidy of Democrats and out of control government.

Very strange you put it just that way - it's exactly what I've been telling people... with a straight face.

Just as investors could *count on Trump improving the economy when he was elected, they can *count on Biden fkn it up.

15 posted on 07/19/2021 9:25:22 AM PDT by AAABEST (NY/DC/LA media/political/military industrial complex DELENDA EST)
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To: AAABEST

Market is more over-valued right now, even after drop today, than in 1929 before the crash. Gravity is not your friend.


16 posted on 07/19/2021 9:25:22 AM PDT by entropy12 (President Trump was the force behind warp speed availability of vaccines for Americans. )
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To: AAABEST

It is my understanding that by corrupting the attribution of this article, you subject FR to legal scrutiny.

Is that your understanding as well?


17 posted on 07/19/2021 9:25:29 AM PDT by Mariner (War Criminal #18)
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To: AAABEST

This is just a headline with an excuse, written by someone who has no clue about the workings of the market.


18 posted on 07/19/2021 9:26:14 AM PDT by Savage Rider
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To: The Louiswu

Let’s blame it on something that we already know works.

The lemmings will swallow it hook, line & sinker!


19 posted on 07/19/2021 9:26:35 AM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: HypatiaTaught

Delta is just an excuse, I think the Central Bank has a planned deflation of the market. Probably going to let 30-40% out of it over the next 3 months as their friends get out of it first.


20 posted on 07/19/2021 9:27:41 AM PDT by BusterDog
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