It looks like the stock market indexes may take out the June 2022 lows today.
29,628.46 −448.22 (1.49%)today
We are determined to get into WWIII, so I imagine it can go a lot lower.
Best economy every according to Biden. Threw a party last week on White House lawn with James Taylor singing Fire and Rain...
Yea we are down over 20% in the market this year, and we haven’t even gotten to the bad stuff yet.
2021 was still “Trump’s economy”, and we ended in record territory... 2022 the Biden spending spree, and hyper regulations started kicking in, and the market has been horrible. it didnt have to be this way... but no more mean tweets at least
This is what two years of bad governance at every level gets us. It is entirely at the feet of the Democrat Party.
Today will come to be known as Black Friday 22.
The financial markets are broken and disconnected from reality. In the past, we were told for bond index mutual funds that a 5% drop in total market and intermediate bond fund NAV was possible. Apparently, Brandon & Co. decided to cripple the bond market so that these funds have dropped close to 15%. Retirees, especially those forced to sell funds to pay their RMDs and/or for their living expenses are hardest hit (in conjunction to current inflation). Crash the whole house of cards.
where’s James Taylor when you need him for a performance?
You ain’t seen nothin yet.
Wait until December when the FedCoin rollout begins.
“Free fall” - these 2 yahoo reporters with the funny names have a different definition than me I guess ...
LOL! It's real simple: A horrific bear market that keeps plunging. (What else do you expect from the senile Sleepy Joe puppet?) His handlers foolishly put their senile Sleepy Joe puppet on "60 Minutes" last week. Even the far-left CBS "60 Minutes" reporter Scott Pelley had no choice but to finally ask Sleepy Joe about stubbornly high 8.3% inflation -- worst inflation in 40 years -- especially targeting average Americans' wallets, day after day.
Clueless Sleepy Joe mindlessly responded (paraphrase): Scott, you make it sound like inflation suddenly jumped to its sky-high level this month! But inflation's been sky-high for over a year, so don't make it sound like it suddenly jumped up! (Pelley only asked about 8.3% inflation, said nothing about a "sudden jump.") So Sleepy Joe remains the most clueless twit, by far, to ever sit in the Oval Office. Makes Jimmy Carter in comparison seem like Einstein+Newton rolled into one.
There's literally no possible way that the senile Sleepy Joe puppet legitimately "beat" the hugely successful & hugely popular President Trump in 2020 ... unless that election was stolen. So then how did the senile Sleepy Joe puppet somehow survive his debate against President Trump? Easy - by having his tag-team teammate, the far-left Chris Wallace from Fox News constantly interrupt and cut off President Trump to repeatedly save Sleepy Joe each time the senile puppet was about to drown. Wallace even allowed Sleepy Joe to call President Trump a "clown" on that internationally televised U.S. Presidential debate - instead of reprimanding Sleepy Joe, Wallace simply smirked. Then, as predicted, the far-left Chris Wallace immediately left Fox News to happily join CNN (Clinton News Network). The far-left is way too predictable.
All this horrible economic news, and yet nearly half the voters in this country are yelling “Give us more Democrats!!” Really sick stuff.
I am willing to endure a lot of short term pain if a bear market tilts the mid-terms our way.
Biden was twisting himself in knots to avoid the recession word, it is a lot harder when we are in a world of hurt.
Good mid-terms will lift the economy.
> a sweeping tax-cut plan that crashed the pound and the nation’s bonds as investors fretted over the stimulative effects with inflation running rampant.
fer sure! couldn’t be any other reason! It’s the tax cuts at the root of economic gloom and despair.
That warning from Germany was about the 24th wasn’t it?