Posted on 05/18/2022 10:58:34 AM PDT by 1Old Pro
The Dow Jones Industrial Average shed 1,029 points, or 3.2%, with the average set for its first loss in four days. S&P 500 traded 3.6% lower, while the Nasdaq Composite slipped 4.3%.
Markets returned to heavy selling after two back-to-back quarterly reports from Target and Walmart advanced investor fears of rising inflation. It's the fifth Dow decline of more than 800 points this year, which all occurred as the stock sell-off intensified within the last one month, according to FactSet data.
(Excerpt) Read more at msn.com ...
He's an enemy of the state.
100% Biden/Barak’s war on oil.
President Barack Biden...exactly.
That's a major contributor, irresponsibly printing money and giving it away for more welfare doesn't help. Then add the induced supply chain issues with Buttegeig laughing it off, it's incredible.
31,572.40
▼ 1,082.19 (3.31%)
11:04 PDT
Biden is shuffling off to Buffalo for political purposes all while the markets CRASH.
All directly caused by Biden, as Mitch and Kevin stand by and do nothing. NEVER should have passed 40 billion for Ukraine until our own house is in order.
The Government’s Thrift Savings Plan is frozen online from 16 May thru first week of June. This is premeditated bloodletting. Everyone in Government Stocks will have to call to make a move and most will not or cannot get thru.
Conversely, the decoupling of Cyrpto to Stocks has started. The crypto is moving in its own direction as more money floods in from stocks.
Love these Headline Writers - as if investors just woke up this mid May Weds morning and discovered inflation.
Yet the demonRATS came out in droves to vote for the same POS primary nominees for their party. I wonder when the border will be shut down? This too will complicate and cause massive massive inflation on top of the inflation we’re already experiencing. It is insanity to let millions upon millions of invaders(without education or skills) in when we ourselves are having a hard time finding every day items and soon to come on the horizon... gas shortages. MADNESS!!
Leftists are systematically purposefully taking down our economy.
When will UN Secretary-General António Guterres call the DOW a dead end ? LOL
Your 401K will soon be 1010K...Elections have consequences...
Cryptos have been moving in tandem with stocks, at least for the last few weeks.
The casino is going crazy, and taking my retirement with it.
Joe is having a banner day.
The payola kickback from Ukraine should cover his losses handsomely.
Yes, the problem is Biden, inflation and how the Fed has bubbled the economy, but it is also in part due to the power of the lemmings - the index funds that are built and run to just follow whatever an index is doing. They now represent a large share of the stock holdings, leaving fewer decision makers that move the market up or down, with the lemmings just following.
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