Dow 30 - down 2.77%
S&P 500 - down 3.63%
NASDAQ - down 4.17%
Russell 2000 - down 2.81%
Inflation we have. Recession has started. Unemployment is next.
Elections have consequences. Stolen elections have catastrophic consequences.
Abuse a Democrat today.
Abuse a Democrat today.
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The Republicans will rush to comfort them if you do.
I agree that the only way to deal with Democrats is to put them on defense. But the GOP doesn’t see it that way.
That is Wall Street. Main Street is already in deep trouble.
Stagflation abounds. Welcome back, Carter. Like you never left.
???? I’m actually puzzled that the DOW did so well considering we just found out we are in a recession. Call me stupid but I’m thinking you have to be nuts to buy equities at the start of a recession.
I have a dollar amount at which I am prepared to pull out of the market. So far this year, I have come within a dollar of that level twice.
How can he make such a blanket statement? If the plan is bad, you shouldn't stick with it at all.
Stolen elections have consequences.
We were flying high with Trump. It has been a colossal disaster since the election was stolen.
Nope. Went to 80% cash a few weeks back. Rest in AMR and gold.
I don’t have a crystal ball. No one does. We may be in a great bear market for the next two and half years as the Biden administration trudges along. If Trump is (re)elected in 2024, I’d imagine that the bull market of his first term would be back in a huge way. If Dementia Joe (or Semi-Ambulatory Corpse Joe, by that point) wins 2024, forget it. This country is finally and officially over at that point.
I’ve been “in the market” for a little more than 50 years.
Ups and downs for sure but over all it’s been very kind to me.
i am thinking 27K is a good number for the Dow.
“”””There’s evidence that the market may bounce soon in what is known as a relief rally.””””
The stock market has already had its relief rally bounce and that ended in March.
The future looks very gloomy for the equity markets going forward.
The markets are over priced. The price/earnings ratio for the S&P 500 is above 70. For decades the price/earnings ratio for the S&P 500 was under 20.
“It may not be tomorrow, next month, or this year, but the stock market is a fantastic wealth generation machine, and over time, the dramatic sell-off we’re experiencing will simply be another data point on a chart.”
What if you don’t have 20 years to wait for a recovery of your 50% losses? If you lose 50%, you need a 100% movement up to get back what was lost.
It’s a Kleptocracy I tells ya!
New term, inflationary Depression.
Jimmah Carter says no problem, Kamala has this handled.
5.56mm
I feel bad for the persons with 401ks that are at retirement now, especially if they haven’t moved into other things.
The rest of us will be fine. Our dollars will buy shares are lower prices, then recover. And yes, I know inflation means our dollars are worth less. The only way out of this is to get rid of the Dim majority.
It’s only money, and the future of my life on the line.
Should I worry?
I have a back-up plan. Someone died for me.
I appreciate it very much, and try to let him know each day.
“Sell in May and go away.”