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Dow loses 400 points, S&P 500 tumbles to new low for 2022 as sell-off intensifies
CNBC ^ | MAY 8 20226:01 PM EDTUPDATED 19 MIN AGO | Samantha Subin & JESSE POUND

Posted on 05/09/2022 10:09:08 AM PDT by Red Badger

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1 posted on 05/09/2022 10:09:08 AM PDT by Red Badger
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To: Red Badger

https://markets.businessinsider.com/index/dow_jones?op=1


2 posted on 05/09/2022 10:09:30 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

32,343.30
▼ 556.07 (1.69%)
(10:11 PDT)


3 posted on 05/09/2022 10:12:11 AM PDT by Signalman
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To: Red Badger
The Commies on the Left are again threatening oil companies with "investigations into price gouging"....

It is clearly the anti-energy policies of these same Commies which are driving the cost and availability of petro products.

4 posted on 05/09/2022 10:13:46 AM PDT by G Larry (Anybody notice that Satan is hard at work?)
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To: Red Badger

Not a surprise, Trump predicted this almost two years ago, and he was 100% accurate as the media laughed and scoffed.

Money we wanted in our safe/fixed bucket was moved the Summer prior to the election as I also knew that Biden’s policies would crash the markets in the near term. If you have 3-5 years and even longer to 10 for your equity allocation, that will probably recover, especially when Trump runs in 2024.


5 posted on 05/09/2022 10:14:19 AM PDT by 1Old Pro
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To: G Larry

They will NEVER ADMIT THAT........ EVER........................


6 posted on 05/09/2022 10:14:46 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger; All

Nasdaq January 2021 - 13500
Nasdaq now - 11700

Stolen elections have consequences.


7 posted on 05/09/2022 10:15:33 AM PDT by wiseprince (Me,)
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To: G Larry

> The Commies on the Left are again threatening oil companies with “investigations into price gouging”.... <

Don’t get too excited. They’re just following standard socialist protocol:

Step 1: Ignore the problem.
Step 2: Blame hoarders and price-gougers.
Step 3: Institute price controls and then rationing (both will fail).
Step 4: Declare a socialist paradise.


8 posted on 05/09/2022 10:19:21 AM PDT by Leaning Right (The steal is real.)
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To: Red Badger

But we are free of mean tweets! Success! Our greatest achievement since 20 January 2020. s/


9 posted on 05/09/2022 10:19:24 AM PDT by Bringbackthedraft (In politicians we get what we deserve, usually the best that money can buy, guaranteed.)
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To: Signalman
Amgen, Walmart, Home Depot and 3M remained bright spots in the market, posting gains despite the broader sell-off.

THD's new customer base at least in Florida are now the Puerto Ricans and the illegals who are cash-rich from all of our taxpayer-funded entitlement programs. They come into the store wheeling all their tax-credit babies wailing and screaming. All the women have nice pedicures and the men great fade haircuts and gold chains around their necks and wearing wrist watches the size of dinner plates.

10 posted on 05/09/2022 10:43:47 AM PDT by 4Runner
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To: Red Badger
Dow loses 400 points, S&P 500 tumbles to new low for 2022 as sell-off intensifies ...

Don't worry, senile Sleepy Joe will fix it. I don't know about you but I am EXTREMELY confident that senile Sleepy Joe will quickly solve the myriad of worsening problems facing the U.S.

The senile puppet Sleepy Joe is a genius ... just ask him, he'll tell you!


11 posted on 05/09/2022 10:47:21 AM PDT by gw-ington (My preferred pronouns: she, him, it, senile, sleepy, puppet, laughing, hyena, stolen, election.)
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To: Red Badger
What a bubble.


12 posted on 05/09/2022 10:49:01 AM PDT by Theoria
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To: Red Badger

Bitcoin and ethereum have dropped by 7% over the last 24 hours, with bitcoin approaching $32,000 and ethereum trading near $2,400. And one expert warns bitcoin could drop even further, below $30,000 for the first time since July 2021.

Bitcoin could “potentially get a mini-bounce at $35,000, but unless we break the trend line at approximately $37,000, I’m calling for $29,000 in the coming weeks or week,” says crypto expert Wendy O in a recent TikTok video.

Cryptocurrency Prices Today: Bitcoin, Ethereum
It’s been a shaky start to the week for Bitcoin and other cryptocurrencies, largely driven by ongoing macroeconomic uncertainty. Bitcoin, the largest crypto, dipped below $36,000 Saturday and continued to nosedive throughout the weekend, hitting its lowest point in over a year Monday.

The crypto markets have been increasingly tracking the stock market, which has been trading in the red recently. Stocks fell sharply Monday, as the market sell-off continued after the Federal Reserve announced its biggest interest rate increase in over 20 years last week.


13 posted on 05/09/2022 10:49:42 AM PDT by dennisw
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To: Red Badger

If a stock market is grossly overpriced, eventually it will go down.

I see ordinary utilities still trading at 21 times trailing earnings. This would suggest that the market has not fully adjusted to higher interest rates, and may not believe they will go as high as predicted.


14 posted on 05/09/2022 10:54:50 AM PDT by proxy_user
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To: dennisw

anyone that “invests” in crypto based on “...crypto Wendy O in a recent TikTok video...” is an idiot that deserves to loose their money.


15 posted on 05/09/2022 11:00:58 AM PDT by wny ( )
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To: Red Badger

If you put money in the S&P 500 when Biden was elected, as of now you would in in the red. DJT predicted this with 100% accuracy. Yet it will not be mentioned by the media.


16 posted on 05/09/2022 11:01:44 AM PDT by CodeJockey (Politicians are to America as oligarchs are to Russia. )
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To: Red Badger

Thanks, Joe!


17 posted on 05/09/2022 11:08:09 AM PDT by 17th Miss Regt
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To: 1Old Pro
Money we wanted in our safe/fixed bucket was moved the Summer prior to the election as I also knew that Biden’s policies would crash the markets in the near term.

Good move. We moved half our investments into a safe cash position after the election. Had some concerns as the market still went up for half our holdings but are now vindicated as declines are wiping out gains. Now to wait for the market recovery when Trump runs, unless Biden destroys the world.

18 posted on 05/09/2022 12:23:55 PM PDT by roadcat
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To: G Larry
The Commies on the Left are again threatening oil companies with "investigations into price gouging"... It is clearly the anti-energy policies of these same Commies ... are driving the cost and availability of petro products.

You're right.

19 posted on 05/09/2022 12:33:52 PM PDT by GOPJ (Biden's motto "America Last". If YOU object you're labeled 'domestic terrorist' and put on a list.)
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To: Red Badger

Markets were hammered again today thanks to President Retard and his ineptitude 🤪


20 posted on 05/09/2022 1:45:50 PM PDT by NWFree (Somebody has to say it)
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