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DOW soars 850 points to highest level since August as investors cheer slowdown in US inflation
Morningstar ^ | Joseph Adinolfi + Jaime Chisholm

Posted on 11/10/2022 7:43:14 AM PST by SaxxonWoods

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To: xp38

Inflation a mere 7.7 percent! Yippeeee!!


21 posted on 11/10/2022 7:57:20 AM PST by nhbob1
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To: xp38

As of 10:56 the DOW is only down 8.75 % this year and the NASDAQ down over 30% this year.


22 posted on 11/10/2022 7:57:45 AM PST by ActresponsiblyinVA
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To: Vermont Lt

Hope for disaster dies hard. I’ve watched people go through this so many times. The recovery from the last big decline (2007 etc.) was really fun. This is just the very beginning, and there will still be ups and downs.


23 posted on 11/10/2022 7:59:18 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: ActresponsiblyinVA; nhbob1

Should I have added the /sarc?


24 posted on 11/10/2022 8:00:28 AM PST by xp38 (!)
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To: SaxxonWoods

Right everything is wonderful now and you peasants are too stupid to see that. Be assured folks that the powerful the wealthy and elite will not be affected in the slightest by the policies they force on us.


25 posted on 11/10/2022 8:00:55 AM PST by The Sentient Sheep
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To: SaxxonWoods

CELEBRATING THE RETURN OF ADULTS (HOPEFULLY) TO CONGRESS.


26 posted on 11/10/2022 8:01:05 AM PST by 1Old Pro
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To: SaxxonWoods

And oh boy, look at that, gas prices are down to $2.00 a gallon! Grocery prices are all down as well!

The Inflation Reduction Act is finally working!


27 posted on 11/10/2022 8:02:02 AM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: packagingguy

Yeah, I’m not buying the S+P500 yet either. But preferred stocks and T-Bonds sure are looking good now.

Non-investors look at today, the static model fallacy. Investors look 9 months to 2 years ahead. Real estate investors look 5-20 years ahead.


28 posted on 11/10/2022 8:03:10 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: Vermont Lt
Multiply the national debt ($33T) by the average of the Treasury rates (approx 4.2%.) Its $1.3T per year in debt service. That’s insane.

A 7% inflation rate more than offsets the fed rates.

29 posted on 11/10/2022 8:03:48 AM PST by semimojo
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To: SaxxonWoods

Indeed they won’t be so happy in January to march crash.


30 posted on 11/10/2022 8:04:32 AM PST by Vaduz (LAWYERS )
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To: nhbob1

It has to start somewhere, sorry it didn’t go up instead of down but you’ll just have to live with it.

We’re lucky this didn’t happen a couple of weeks ago, Democrats would have benefited.


31 posted on 11/10/2022 8:05:09 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: SaxxonWoods

The stock market is complete baloney.


32 posted on 11/10/2022 8:05:16 AM PST by blueunicorn6 ("A crack shot and a good dancer” )
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To: Vermont Lt

I just payed $6.19 for off road diesel. They haven’t started cutting it yet because of the warm fall and my supplier says they are having trouble getting kerosene. Once they finally start cutting the fuel I expect prices above $7.50 and road fuel $8.00. That should help bring down this “transitory inflation”.


33 posted on 11/10/2022 8:05:57 AM PST by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: Vaduz

“Indeed they won’t be so happy in January to march crash.”

But you will so you’ve got that going for you.


34 posted on 11/10/2022 8:06:09 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: SaxxonWoods

We’re in the money (Mr. Hat)
We’re in the money (Mr. Hat)


35 posted on 11/10/2022 8:06:37 AM PST by babble-on
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To: SaxxonWoods

The market is cheering democrats losing control of the house and probably senate.


36 posted on 11/10/2022 8:08:14 AM PST by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: blueunicorn6

“The stock market is complete baloney.”

Generalizations are complete baloney.


37 posted on 11/10/2022 8:08:32 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: Jewbacca

“The market is cheering democrats losing control of the house and probably senate.”

That too, yes.


38 posted on 11/10/2022 8:09:36 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: VTenigma

Diesel is a huge problem right now and it affect many things as we all know. It’s also a created problem, not one that can’t be solved.


39 posted on 11/10/2022 8:12:12 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: SaxxonWoods

This is a nightmare timeline.


40 posted on 11/10/2022 8:13:59 AM PST by KobraKai
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