Posted on 10/14/2022 1:05:31 PM PDT by Tell It Right
Stocks slumped Friday, capping off a volatile week of trading, a day after posting a historic turnaround rally as investors digested inflation expectations.
The Dow Jones Industrial Average fell 310 points, or 1.09%, but was still on track to end the week higher after Thursday’s gains. The S&P 500 shed 2.15%, on track to end the week down. The Nasdaq Composite slipped 2.84%, weighed down by losses in Tesla and Lucid Motors, which each declined more than 5%.
(Excerpt) Read more at cnbc.com ...
LOLOL... a Jugglo???
S&P 500 closed at 3,583.07 down -2.37%
THAT is another NEW LOW for the Year. Also a New Low since the last New Low on 30 Sep. We are seeing Lower Highs and Lower Lows but and Brandon’s Circus isn’t responsible? Really???
It’s Putin and Trump’s fault.
By design to crush the normals.
....and climate change.
I’m always wrong so don’t go by my predictions (ever).
I don’t think we’ve seen anything yet.
We may be sub 20k by the time Biden has worked his magic.
Inflation may get worse. The business climate may tank
even more. The type of minds we have making decisions these
days have have brought the world mass starvation and collapses
of economic systems before.
Hang on.
> It’s Putin and Trump’s fault. <
For sure. But don’t forget Climate Change. Everything bad is at least partially caused by Climate Change.
I know this because Al Gore says so. And Al Gore wouldn’t lie.
We sell to chemical manufacturing——it’s “scary” quiet at the moment. I want 2019 again!!! We were humming along!
Sorry, also climate change and white men.
81 million alleged votes later...
Can’t even begin to remotely imagine or think about how many people’s IRAs, etc, etc., etc. are getting wrecked.
QQQ (Nasdaq 100) also hit 52 week low today
That’s what big tech gets for supporting a brain dead crook
Way to go Jo Jo. Your boomin’ economy is more like “INCOMING!”.
We haven't seen the washout that indicates the end of a bear market, so you're probably right; it might not make it to 20k, but it will be close either way.
Inflation may get worse.
It could, but probably not much worse. What it isn't going to get, until 2024 at the earliest, is better. It will take a slam of the brakes a la Paul Volcker to end it, along with slowdowns in government spending, which might happen if enough MAGA people get into the House to become some of the decision makers.
I think there is at least another 15% to go... buckle up.
You bring up good points in expecting it to go down further. Me, I don't get into factor investing. I watch trends. The trends I'm watching are how fast it's going down (slow by 1987 and 2020 standards, each of which had the S&P 500 drop 30% in a few months). Thus I'm expecting the drop to be at least 15% more to total at least 40% from its ATH like it did in the slow drop of 2008 (1.5 years to drop 56%) or 2000 (2.5 years to drop 49%).
One factor that did get my attention though is that Biden is a Dim coming into the WH with the stock market at a crazy high (I expected little room to rise more, but a lot of room to fall). This is unlike Obama inheriting a stock market that had already cut in half and had nowhere else to go but up. Even Clinton's stock market he inherited, though technically at a high, had only very slowly grown through the Bush Sr years (at the time Clinton entered the WH the S&P 500 was up only 38% from the prior high it had in 1987 5 and a half years prior). Thus you could argue the stock market had some catching up to do when Clinton inherited it, like holding back a spring ready to spring up.
Brandon is a Dim that inherited a high stock market with virtually nowhere to go but down. Which is the kind of stock market Trump inherited too, but Trump is Trump. Brandon ain't Trump.
.
DANG RIGHT!
Don't let us 'evil' white guys off the hook!
I, personally, simply will not stand for such an insulting oversight.
/sarc
Study all the trends you want but if Biden’s talk of nuclear Armageddon comes true does it really matter what happens at that point. /sarcasm
I want blame for everything!
Except the 90% of inventions and meidcal breakthroughs...
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