Big tank on Wall Street today!

[DigitalDrifter]

God do I miss the Pre-Covid Trump days! Biden's economy continues to hurt us all. Of course we could ask for a government bailout to get back what I've lost since he became president.

Stocks sink as Fed Chair Jerome Powell promises 'forceful and rapid' action on inflation​

Dow now down nearly 900 points​

From CNN Business' Paul R. La Monica

There was nowhere to run to and nowhere to hide on Wall Street Friday. The Dow plunged nearly 900 points in late afternoon trading. All 30 stocks were in the red. The S&P 500 and Nasdaq sank, too, plummeting 3% and 3.5% respectively.
The reason for the sell-off? Federal Reserve chair Jerome Powell didn't sound all that dovish about future interest rate hikes during his speech in Jackson Hole Friday. The odds of another big rate hike (three-quarters of a point versus a half-point) at the Fed's next meeting on September 21 shot up following his comments.
Powell even mentioned that there could be some "pain" for consumers and businesses as the Fed uses higher rates to fight inflation.

Stock market news today: Dow and S&P 500 updates

Here's the latest news on what stocks are doing.

www.cnn.com

 

[jbrownson0831]

God do I miss the Pre-Covid Trump days! Biden's economy continues to hurt us all. Of course we could ask for a government bailout to get back what I've lost since he became president.

Stocks sink as Fed Chair Jerome Powell promises 'forceful and rapid' action on inflation​

Stock market news today: Dow and S&P 500 updates

Here's the latest news on what stocks are doing.

www.cnn.com

Somebody taking action on inflation but the stock market crashes when he does.

 

[BluesLegend]

Biden stock market tanks on Fed bracing America for job losses, recession. University of Pennsylvania's Wharton School of Business warns Biden's student loan forgiveness could bloat to $1 trillion. Biden's inflation spending keeps inflation near 40 year high.

Team Biden is on a roll.

 

[JackOfNoTrades]

Y-A-W-N.

Buying opportunity.
Thanks, Jerome!!

 

[SassyIrishLass]

Y-A-W-N.

Buying opportunity.
Thanks, Jerome!!

People don't have money to buy, inflation prices are killing them. Dumbass

 

[Mac1958]

Y-A-W-N.

Buying opportunity.
Thanks, Jerome!!

He sure scared the shit out of markets today.

The Fed, after pumping $11 trillion of stimulus into markets from 2009 through 2020, was then about 12 months late on mitigating what it caused.

I was really hoping I'd like Powell. Oh well.

 

[BluesLegend]

Democrats will not be denied their PORK spending no matter how many American families and businesses are wrecked financially.

 

[JackOfNoTrades]

He sure scared the shit out of markets today.

The Fed, after pumping $11 trillion of stimulus into markets from 2009 through 2020, was then about 12 months late on mitigating what it caused.

I was really hoping I'd like Powell. Oh well.

Happens. You gotta ride the wave and not panic.
Search out those deals.

 

[toobfreak]

Stocks sink as Fed Chair Jerome Powell promises 'forceful and rapid' action on inflation

Now I'm really scared. Part of me wants to see our economy collapse completely just to drive home how insane, treasonous and incompetent these idiots in Washington really are.

I think we are at the point now where we might need to arrest several hundred people in DC, convict them of gross incompetence and sedition and take them out back before the firing squad.

 

[1srelluc]

 

[Manonthestreet]

Happens. You gotta ride the wave and not panic.
Search out those deals.

Sold twice this yr and liking em both. 1 at beginning of the yr and 2nd in June I think. Was questioning that one up until this week......

 

[shockedcanadian]

$500B more spent on school debt along with the expected continued increase of interest rates, this is not a surprise to me.

 

[OhPleaseJustQuit]

Y-A-W-N.

Buying opportunity.
Thanks, Jerome!!

Winner of the ORIGINAL POST OF THE DAY!!!!!!!!!!!!!!!!!!!!!

The first phrase that entered my head when I read the thread title was

"JackOffNoBrains:

Y-A-W-N

 

[SassyIrishLass]

Winner of the ORIGINAL POST OF THE DAY!!!!!!!!!!!!!!!!!!!!!

The first phrase that entered my head when I read the thread title was

"JackOffNoBrains:

Y-A-W-N

What's funny is some faux libertarian pretend financial advisor agreed

 

[Independentthinker]

God do I miss the Pre-Covid Trump days! Biden's economy continues to hurt us all. Of course we could ask for a government bailout to get back what I've lost since he became president.

Stocks sink as Fed Chair Jerome Powell promises 'forceful and rapid' action on inflation​

Stock market news today: Dow and S&P 500 updates

Here's the latest news on what stocks are doing.

www.cnn.com

But, we're not in a recession and inflation is zero.

 

[Dekster]

Good Economic new=your stocks are tanking. Bad economic news=buy buy buy!!!

Upside down world.

 

[JWBooth]

900? The market is still well over 30k. 900 change found in the parking lot, which means they aren’t concerned at all.

 

[JWBooth]

But, we're not in a recession and inflation is zero.

Yep

 

[Mikeoxenormous]

God do I miss the Pre-Covid Trump days! Biden's economy continues to hurt us all. Of course we could ask for a government bailout to get back what I've lost since he became president.

Stocks sink as Fed Chair Jerome Powell promises 'forceful and rapid' action on inflation​

Stock market news today: Dow and S&P 500 updates

Here's the latest news on what stocks are doing.

www.cnn.com

Go back to Quantitative Easing back when the brown turd Obammy gave zero percent interest rates for borrowing money to the likes of Apple, and other Marxist billionaires. These guys bought up their own stocks through buy backs thus increasing their prices over time, making them even more money. But now that the FED is going to raise rates higher than their profits, the big sell off is happening.

 

[1srelluc]

900? The market is still well over 30k. 900 change found in the parking lot, which means they aren’t concerned at all.

992.21 points down.