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Nasdaq tumbles 2% Friday, notches worst week since 2020 and falls deeper into correction territory
CNBC ^ | 1/21/2022 | N/A

Posted on 01/21/2022 12:17:42 PM PST by Tell It Right

NASDAQ down 2.2%, S&P down 1.6%

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


TOPICS: Business/Economy
KEYWORDS: bideneconomy; bideneffect; nyse; stockmarket; stocks
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To: Gen.Blather
On top of that the Baby Boomers will all retire by 2025.

More accurate to say that the overwhelming majority of all Baby Boomers have already retired, and that that small contingent of Baby Boomers currently still in the workforce - the stragglers, so to speak - will retire by 2030.

Regards,

41 posted on 01/21/2022 1:17:05 PM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Tell It Right

Last Thursday I sold ALL my stocks (close to .5 mil worth)and money is sitting in insured savings accounts.

Just has a hinky feeling in my gut about the market and everything in general. As my brother in law told me.....”Always listen to your gut” He advised me that he has sold out everything 4 times in the last 40 years and told me he was NEVER sorry after words that he had done it.


42 posted on 01/21/2022 1:19:26 PM PST by traderrob6
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To: alexander_busek

S&P 500 down about 10% now since early January... Build Back Better... as Joe says he exceeded everyones expectations... Ugly times....


43 posted on 01/21/2022 1:20:45 PM PST by gswilder
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To: Tell It Right

“””Do you think we’re still in the euphoric phase?”””


When the Democrats lost the Filibuster Fight and the Federal Voter Fraud Fight, I am in the camp that those two happenings are the end of any euphoria.

Unless 10 Republican Senators commit suicide and join the Democrats in passing another Build Back Broke bill, there will be no more free handouts.


44 posted on 01/21/2022 1:23:50 PM PST by Presbyterian Reporter
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To: BipolarBob

“How do you cut demand for cars? You make the middle class poorer…” - Cotton Mind Joe.


45 posted on 01/21/2022 1:25:03 PM PST by Shady (The #JihadJunta is now a Dictatorship, there are no more “laws..”)
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To: Gen.Blather
They will take their money out of the market because they can’t take the volatility.

The old adage, "you can't time the market", is true. Many seniors (boomers) rely on their financial advisor for investment positions. Most financial advisors will advise their investors to look past volatility and keep some percentage of their investments in stocks so when the market rebounds, the investor will have some skin in the game. Generally the greatest market gains comes after a stock or fund bottoms out. If we're not in the market, we will miss great gain.

46 posted on 01/21/2022 1:29:24 PM PST by JesusIsLord
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To: traderrob6

Week ago Thursday to clarify.


47 posted on 01/21/2022 1:29:36 PM PST by traderrob6
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To: BipolarBob

Do you have your 401 in the stock market? You should have been matching inflation all through 2021. Of course, the wheels are now beginning to fall off.


48 posted on 01/21/2022 1:32:45 PM PST by hardspunned (former GOP globalist stooge)
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To: stanne

SPY lost 8.75% in two weeks. Back to where it was in October. That’s pretty fast.


49 posted on 01/21/2022 1:40:57 PM PST by brianr10
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To: allendale

How many more trillions printed in 2022 to keep that market stabilized or even still growing? The regime is capable of anything if they think it’ll help them keep all their balls in the air until after the midterms.


50 posted on 01/21/2022 1:41:41 PM PST by hardspunned (former GOP globalist stooge)
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To: Shady

““How do you cut demand for cars? You make the middle class poorer…” - Cotton Mind Joe.”

True statement about making the middle class poor. So let me add something else.

What if globally you can’t get the labor to produce automobiles?
Meaning nobody wants to work in factories or manufactories anymore. So they find different employment that is easier and pays better.

Supply doesn’t just appear by magic or imaginary sci-fi robots. It takes cooperation between capital & labor to run these commercial operations.

The capital is there but the labor supply isn’t, so these issues & trends will continue.


51 posted on 01/21/2022 1:43:35 PM PST by unclebankster (Globalism is the last refuge of a scoundrel )
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To: brianr10

And because of the mathematics of percentages, you have to go up 16% to get that back.


52 posted on 01/21/2022 1:48:23 PM PST by brianr10
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To: Tell It Right

I was going to say, “this is what happens when the federal reserve quits buying up market assets.” But the federal reserve HAS NOT quit buying up market assets; it’s shifted into overdrive. WHY IS THE FEDERAL RESERVE RAISING MORTGAGE RATES (by raising overnight lending) WHILE DRIVING DOWN BOND RATES BY BUYING UP BONDS???? This is looking less like economic intervention and more like simply printing cash to pay to billionaires.


53 posted on 01/21/2022 1:52:34 PM PST by dangus
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To: dangus
Maybe I'm wrong, but I was under the impression that the Fed Reserve was tapering their buying.

I don't know if they've been tapering their treasury buying or their repo buying (overnight lending) or both.

54 posted on 01/21/2022 1:59:20 PM PST 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: alexander_busek

“More accurate to say that the overwhelming majority of all Baby Boomers have already retired, and that that small contingent of Baby Boomers currently still in the workforce - the stragglers, so to speak - will retire by 2030.”

I was making a sweeping and breezy generalization because this is FR. I was attempting to point out I saw that retirement as another factor to be included.

If the Fed did it’s job, a huge portion of those boomers would put their money into bonds. ‘Cause...seve percent or more to counter the idiocy of adding so much money to the economy. Stocks would suddenly be back to evaluations that were connected to the amount of money they are actually making.


55 posted on 01/21/2022 2:04:55 PM PST by Gen.Blather (Wait! I said that out loud. Sorry.)
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To: JesusIsLord

Agreed. I am holding im my ETFs.

Will be interesting to see how the market reacts to what the fed says next week. The fed sees what is happening. Any change in stated fed direction will likely be met with more volitility and selling short term, but I’m hopeful after next week things will turn upward once more.

Emotion is controlling reactions in the market right now. Irrational short term reactions.


56 posted on 01/21/2022 2:43:36 PM PST by griffin (Don't ever forget. In RW#1, Tyrants were SHOT IN THE FACE. A LOT. Remember!!)
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To: Gen.Blather

Get rid of about two thirds to three quarters of the government

*************
This country has a massive bureaucracy consisting of countless people whose sole job it is to track, monitor, regulate, control and extract money from people. Not only that, there is enormous redundancy and unnecessary duplication of effort between federal agencies.

We could easily eliminate most of those jobs and save the taxpayers an enormous amount of money and aggravation. But neither party will ever do it. Both love big government.


57 posted on 01/21/2022 2:44:35 PM PST by Starboard
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To: Starboard

Big government provides a smoke screen in which to hide the criminal element within our government.....under layers and layers of gate keepers.


58 posted on 01/21/2022 2:52:55 PM PST by caww ( )
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To: unclebankster

labor lost by unvaxed being fired from mfg, trucking, healthcare isnt helping.

higher labor costs and reduced margins along with a bit of inflation if raw matl supply chains can be freed will help. covid factory and service shut downs need to end. everything is intertwined. a big mess due not insignifacantly to government interference!!!


59 posted on 01/21/2022 2:54:41 PM PST by griffin (Don't ever forget. In RW#1, Tyrants were SHOT IN THE FACE. A LOT. Remember!!)
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To: caww

It would be nice if the GOP would commit to shrink Fedzilla, but they won’t. And never will. Conservatism is supposed to be about limited government and financial responsibility. The GOP does nothing to foster either. They are enablers of massive, overbearing government.


60 posted on 01/21/2022 2:59:45 PM PST by Starboard
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