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 ...
And STOLEN elections have even more consequences.
Today Bitcoin and Etherum are both holding steady.
Got rid of my 401k 30 years ago......
I still believe the resting place when this bottoms is at the support around 30,000 or breaking that, which is probably, then landing somewhere between 26-27,000ish.
Until then, I’m enjoying the sidelines.
I’d prefer to be out wishing I was in, then to be in wishing I’d gotten out...
Walmart was down 11% yesterday — on missing their earning expectation.
The Walton family took a hit of around $18 BILLION.
IIRC, in the 90s when the Market tanked, Sam lost $1 Billion in a single day. When asked about it, he responsed, ‘well, it is only on paper,’ and laughed. [It rebounded and he got richer.]
Maybe they just miss Jen Psaki....
I was going to buy me a new, more expensive version, but that will have to wait until Christmas.
As long as the Federal Reserve can create money out of nothing, Biden and his masters will have lots of voters.
and millions of new illegals to feed?
With higher taxes and more grandiosity of white liberal 'elites' handing out billions to any country willing to kiss their butts?
Support Trump. Support Trump's team. It's the best chance we have to save our country.
I guess we need more stimulus, yeah that’s the ticket. s/
Even the ultra-liberal Jeff Bezos (former Amazon CEO) recently said the senile puppet Sleepy Joe “mushing [corporate taxes and inflation] together is just misdirection.” Then the far-left Bezos criticized the senile puppet Sleepy Joe for mindlessly taking credit for deficit reduction.
Bezos, a big-time supporter of the violent Black Lives Matter thug mob riot organization (that helped steal the election by perpetrating nationwide violent lootings and terrorism throughout 2020 to benefit the Democrat Party), also recently said Democrats were trying to even further escalate wasteful spending as inflation continues to soar.
So, although Bezos is an extreme far-left liberal, he’s now forced to admit that Corporate America CEOs defending, financially supporting, and enthusiastically promoting the violent Black Lives Matter thug mob riot organization throughout 2020, which assisted in the stolen election (resulting in senile Sleepy Joe being wheeled into the Oval Office), turned out to be an EXTREMELY bad thing for America.
In conclusion, the only thing that can be said to the zillionaire Jeff Bezos today is: “DUH! Moron.”
Bezos isn’t such a villain to me, but he’s got terrible anti-good will. People just hate him.
That whole yacht thing and Blue Origin really not working out that well are the main points against him, I think. Even on leftwing twitter he usually gets bashed.
And his paid flack, the one with a Master's in Public Administration, does not have the background to discuss macroeconomic issues.
For reference, I took a gander at the University of Phoenix's curriculum. Two of the twelve classes had something to do with financial matters: budgeting and finance. The rest were word salad, worthy of analysis by the likes of Heel's Up Harris.
This program was probably designed by Barbie, known for saying, "Math is hard, let's go shopping."
Can we survive the rest of the year?
When I was a 25 year old 1st Lieutenant, I was the Battalion Supply Officer (S-4) for my ADA Battalion. With my accounting degree, the job suited me nicely. Nobody screwed with us when it came to financial management, and I guess the word got out.
During my 18 month stint, I was tabbed to represent my major command in the negotiation of the Interservice Support Agreement with the Air Force (we were on Spangdahlem AB). The Spangdahlem OFficers Wives Club (do they still exist?) asked me to audit two years' worth of their financial records.
Maybe I should have pursued an MPA...lol, no way, Jose. I'm now 68, working as a bookkeeper for a great family in Grapevine. The title doesn't matter, they like the job I'm doing for them, and that's all that matters. No stress, except for what I put on my shoulders. I think I've seen my boss in person 10 times in 10 months.
TSP frozen? I looked in news, and didn’t see any headlines.
Doesn’t help when you look like Dr. Evil
Normal reaction to the stagflation we recently moved into.
She is inept. watching the presser now, she's in over her head.
biden’s handlers must be really happy. They want to destroy the prosperity that we once had in this country.
Market is crashing and Karine is talking about White Supremicists.
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