07NOV2025 Markets hammered

[leftwinger]

CNBC been trying to blame Trump all year IMVHO (like Yahoo does, trashing Trump in headlines when market goes up?). Today they blame the Schumer shutdown on weak consumer confidence reportedly, Sort of.

Worries over the government shutdown surged in the early part of November, pushing consumer sentiment to its lowest in more than three years and just off its worst level ever, according to a University of Michigan survey released Friday.

The university’s monthly Index of Consumer Sentiment posted a reading of 50.3 for the month, indicating a decline of 6.2% on the month and about 30% from a year ago. Economists surveyed by Dow Jones had been looking for 53.0 after October’s 53.6. Sentiment was last this low in June 2022 as inflation hovered around its highest level in 40 years. November’s reading was the second lowest going back to at least 1978.

****WS up to same old pump an dump games. AI oversold. "Experts" say no Tech-Bubble exists. All is fine. UGH! Where is the board expert MAc&Cheese the financial wizard handling peoples IRA funds? Imagine that. TDS rifling thru your bank accounts, snitching to GOVT on you.

 

[hjmick]

Yep. Don't check your 401k unless you need a good cry...

 

[leftwinger]

oops....hold the phone. Maybe the DEM Communist Schumere LowIQ shutdown is ending? Wall ST. has insider info perhaps. It is turning around already. Even AI heavy NASDAQ flipped upwards.

NASDAQ

 

[1srelluc]

Down for the week but go ahead and chase the next downturn....It's how you lose.

 

[martybegan]

Yep. Don't check your 401k unless you need a good cry...

LOL, corrections of the market are better for people under say 60 or so properly invested in 401ks, as share price drops and you get more shares per investment period.

 

[Blaster]

Buy Gold

 

[sparky]

Buy pork bellies........ ~S~