Wall Street sell-off gains momentum, Dow loses 400 points: Live updates

CNBC ^ | FEB 13 202410:33 AM EST | Lisa Kailai Han, Brian Evans

[MeneMeneTekelUpharsin]

So what? It never goes the way expects or that it should. All of it is completely rigged.

[Fresh Wind]

Stocks dropped on Tuesday after hotter-than-expected inflation data for January...

But wait, Sleepy Joe said he fixed the inflation that Trump caused. How can this possibly be happening?

[donozark]

Bidenomics. The gift that keeps on taking and taking.

[Red Badger]

[TexasGator]

“So what? It never goes the way expects or that it should. All of it is completely rigged.”

Been a good run. I expected some sell off. people that say it is totally rigged don’t understand how to invest.

[Ge0ffrey]

Joe will blame it on shrinkage.

[plain talk]

“people that say it is totally rigged don’t understand how to invest.”

This.

[Zathras]

But the Whitehouse said Bidenflation was only 3.1%

[monkeyshine]

I woke up a little early today, turned on the tv and a news alert popped up about the “hot inflation” number of 0.3% for January, and the dow was down over 250 points.

Then I grabbed my iPhone and the Apple News had a headline saying something like “inflation continues to moderate improving the Biden economy”.

It’s propaganda everywhere.

[Fresh Wind]

Maybe “Ersatz Haderach” would be more accurate.

[ChuckHam]

Good excuse to take some profits and then jump back in at a lower price, rinse and repeat.

[bigdaddy45]

No its not “completely rigged.” A huge amount is speculative, but if you concentrate on buying good companies, you make money.

About 5 years ago I bought a sizeable number of Costco shares. Have you ever been to Costco where its NOT crowded? Clearly a great company with robust sales. I’ve more than doubled my money.

Thats just one example (I won’t share the duds, because I’ve had a few). But those insisting its “all rigged” have no idea how investing works.

[TexasGator]

“Good excuse to take some profits and then jump back in at a lower price, rinse and repeat.”

Still a bull market. Riding my profits!

[The Louiswu]

“ people that say it is totally rigged don’t understand how to invest.”

Tell that to the people who got swindled by Wall Street during the GameStop episode. Some investors were prevented from selling their shares until the big money brokers were able to stabilize their positions.

On January 28, 2021, some brokerages, particularly app-based brokerage services such as Robinhood, halted the buying of GameStop and other securities, citing the next day their inability to post sufficient collateral at clearing houses to execute their clients' orders. This decision attracted criticism and accusations of market manipulation from prominent politicians and businesspeople from across the political spectrum. Dozens of class action lawsuits have been filed against Robinhood in U.S. courts, and the U.S. House Committee on Financial Services held a congressional hearing on the incident.

So yeah it might just be rigged.

[Red Badger]

YES!.............................

[TexasGator]

“Tell that to the people who got swindled by Wall Street during the GameStop episode.”

Obviously you don’t understand investing. You gambled and lost.

[Fresh Wind]

ROFL!

[38special]

Oh goody, stocks are on sale again

[oldskoolwargamer2]

GameStop was a stupid investment, period. Underlying fundamentals were terrible. Anyone investing in this stock has no business investing in individual stocks and deserved whatever losses they took.