Dow plunge accelerates, on pace for worst day of 2024

[Edgetho]

Your economy is so good, the Dow is down 700 points so far today, 02/13/24

Finance and Markets

Read Finance on The Wall Street Journal

www.wsj.com

OBTW, Japan? You know, that Country that is so envious of us for our recovery from the Kung Flu.....

Their Market, the Nikkei, is up over 30% on a moving year and today alone is up nearly 3%

Finance and Markets

Read Finance on The Wall Street Journal

www.wsj.com

Thanks, Mr President. We really appreciate the job you're doing.

Now I don't have to worry about buying that new car my Wife needs or buying a nicer house in a nicer neighborhood because -- we can't afford it.

You're such a wonderful President, I could just shit

 

[progressive hunter]

Your economy is so good, the Dow is down 700 points so far today, 02/13/24

Finance and Markets

Read Finance on The Wall Street Journal

www.wsj.com

OBTW, Japan? You know, that Country that is so envious of us for our recovery from the Kung Flu.....

Their Market, the Nikkei, is up over 30% on a moving year and today alone is up nearly 3%

Finance and Markets

Read Finance on The Wall Street Journal

www.wsj.com

Thanks, Mr President. We really appreciate the job you're doing.

Now I don't have to worry about buying that new car my Wife needs or buying a nicer house in a nicer neighborhood because -- we can't afford it.

You're such a wonderful President, I could just shit

this is all the quid pro quo biden was paid for,,

BREAKING REPORT: Chinese invasion suddenly happening at the southern border – The Right Scoop

therightscoop.com

 

[Mac1958]

They didn't say anything when the market recently hit all time highs. Not to mention the fact that the market is transitory and volatile, and is not the economy.

Nothing demonstrates the Dunning-Kruger Effect more accurately than a Trumpster trying to talk about markets & economics.

 

[konradv]

Your economy is so good, the Dow is down 700 points so far today, 02/13/24

Finance and Markets

Read Finance on The Wall Street Journal

www.wsj.com

OBTW, Japan? You know, that Country that is so envious of us for our recovery from the Kung Flu.....

Their Market, the Nikkei, is up over 30% on a moving year and today alone is up nearly 3%

Finance and Markets

Read Finance on The Wall Street Journal

www.wsj.com

Thanks, Mr President. We really appreciate the job you're doing.

Now I don't have to worry about buying that new car my Wife needs or buying a nicer house in a nicer neighborhood because -- we can't afford it.

You're such a wonderful President, I could just shit

The price of gold went down below $2,000, indicating a sense that inflation is under control. Thank you, Joe.

 

[John Edgar Slow Horses]

Thank you so much Mr. Biden for correcting all of the Trump admin errors and building a much better economy.

Today is but a blip, and the economic world factors that caused it, not yours.

 

[SweetTea]

They didn't say anything when the market recently hit all time highs. Not to mention the fact that the market is transitory and volatile, and is not the economy.

Nothing demonstrates the Dunning-Kruger Effect more accurately than a Trumpster trying to talk about markets & economics.

Republicans and Trump supporters are wealthier than the average Biden voter. We may just know something that you haven't figured out yet.

 

[John Edgar Slow Horses]

Republicans and Trump supporters are wealthier than the average Biden voter. We may just know something that you haven't figured out yet.

You even lie to yourself.

 

[SweetTea]

You even lie to yourself.

Oh, now all of a sudden Republicans aren't the party of the wealthy? I love how the argument changes depending on the situation. As income rises, so does the likelihood of being a Republican. It has been this way for decades.

 

[Egregious Philbin]

Wow, one day and you are ripping Biden? YTD, I am up huge in my work 401(k) and close to huge in my IRA accounts.

Anyone that judges the market by one day, good or bad, doesn't understand the market.

 

[SweetTea]

Wow, one day and you are ripping Biden? YTD, I am up huge in my work 401(k) and close to huge in my IRA accounts.

Anyone that judges the market by one day, good or bad, doesn't understand the market.

Maybe you should annualize your returns over the entirety of Biden's term. You may be surprised that they aren't exceptional, unless you were enlightened enough to move all your money to a safe haven in 2022(worst year since 2008) or you are the king of shorts.

 

[1srelluc]

Wow, one day and you are ripping Biden? YTD, I am up huge in my work 401(k) and close to huge in my IRA accounts.

Anyone that judges the market by one day, good or bad, doesn't understand the market.

Today's CPI report was all that was needed to start a way overdue correction.

To be honest I figured it would pick back up by this time of day with people buying on the dip after the -400+ opening. Not good....-735 now.

 

[yidnar]

The price of gold went down below $2,000, indicating a sense that inflation is under control. Thank you, Joe.

How Does Immigration into the United States Affect the Country’s Housing Market?

Increases in immigration into a metropolitan statistical area (MSA) are linked with rising rents and home prices in that MSA and neighboring MSAs, according to Abeba Mussa and her colleagues. The authors use data from the US Department of Housing and Urban Development and the Federal Housing...

housingmatters.urban.org

 

[1srelluc]

They didn't say anything when the market recently hit all time highs. Not to mention the fact that the market is transitory and volatile, and is not the economy.

Nothing demonstrates the Dunning-Kruger Effect more accurately than a Trumpster trying to talk about markets & economics.

Speaking for myself I know when to keep my powder dry, I knew it was just a matter of time before the DOW took a huge shit on Bidenomics.

They had already parsed the weak jobs report (way too many part time jobs) and found it wanting so the CPI report today was the straw.....With that report there is no way the fed will lower interest rates any time soon.

The market did not think much of the O-dark-thirty Ukraine funding bill the senate passed either. It shows that the senate feels no restraint as far as continued reckless spending goes....-753 now.

 

[DigitalDrifter]

Joeflation is back:

Fed Rate Hikes Are Back in the Conversation After Hot Inflation Report​

A higher-than-expected January inflation reading has pushed out Wall Street’s collective forecast for interest-rate decreases in 2024. Markets now don’t expect a cut until June, and a resumption of Federal Reserve rate increases could even be in play.

MSN

www.msn.com

 

[1srelluc]

Damn, look at the 10-point swings every couple seconds....Buying the dips now....Looks like they might "only" loose around 650 points.

 

[Edgetho]

Wow, one day and you are ripping Biden? YTD, I am up huge in my work 401(k) and close to huge in my IRA accounts.

Anyone that judges the market by one day, good or bad, doesn't understand the market.

I've been in the Market for 35 fucking years. Not one lousy, stinking year. If I had gotten into the Market one year ago, maybe the reutrns wouldn't look so bad. But I didn't. I'm in the hole from when Sponge Brains Shits Pants stole Office, once you factor in inflation

Biden's economy sucks ass. It's not as bad as Carter's but the Fed has become more sophisticated since then.

 

[Hollie]

Bidenflation is such a wonderful thing. The latest CPI number indicates rising inflation and that squashes any hope the Fed could reduce rates.

There was real ugliness on the Dow and the financial markets took a beating.

Dow plunge accelerates, on pace for worst day of 2024

U.S. stocks took a beating after a hotter than-expected-inflation report sent investors scrambling and questioning whether future rate cuts are now off the table.

www.foxbusiness.com

U.S. stocks tumbled in a broad sell-off after a hotter-than-expected inflation report may jeopardize the Federal Reserve’s plan to cut interest rates.

 

[sartre play]

Your economy is so good, the Dow is down 700 points so far today, 02/13/24

Finance and Markets

Read Finance on The Wall Street Journal

www.wsj.com

OBTW, Japan? You know, that Country that is so envious of us for our recovery from the Kung Flu.....

Their Market, the Nikkei, is up over 30% on a moving year and today alone is up nearly 3%

Finance and Markets

Read Finance on The Wall Street Journal

www.wsj.com

Thanks, Mr President. We really appreciate the job you're doing.

Now I don't have to worry about buying that new car my Wife needs or buying a nicer house in a nicer neighborhood because -- we can't afford it.

You're such a wonderful President, I could just shit

I notice you NEVER report on days its up?
you do know it GO,s UP as well as Down?

 

[pknopp]

The markets unhappy the free money isn't going to start back up any time soon. Imagine that.

 

[Admiral Rockwell Tory]

Damn, look at the 10-point swings every couple seconds....Buying the dips now....Looks like they might "only" loose around 650 points.

Better tighten up those loose points! You would not want to lose them!