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Stocks tumbled Monday, pushing the S&P 500 back into bear market territory, as the major averages came off their worst week since January.
The Dow Jones Industrial Average dropped 890 points, or 2.8%, the S&P 500 fell 3.8% and the Nasdaq Composite tumbled 4.5%.
The S&P 500 hit a new intraday low for the year and its lowest level since March 2021. The benchmark is off nearly 22% from its record, back in bear market territory after trading there briefly on an intraday basis about three weeks ago.
www.cnbc.com
You get what you vote for. Vote for a potato get potato results. I would like to point out the 2am ballot stuffing that the Progressives deny.Here we go again! DAMNIT!
S&P 500 tumbles nearly 4% to new low for the year, closes in bear market territory
Stocks tumbled Monday, pushing the S&P 500 back into bear market territory, as the major averages came off their worst week since January.
How Joe Biden looks at the DOW ...At least it isnt down 1,000.Hey, it's "up" to -750 now.
All that free money that was printed under Obammy(the brown turd) just so he could "Stimulate the economy", was free dollars to the rich people at zero percent interest. Now that the FED is raising rates, that 3% interest is now cutting into their profits so the great SELL OFF has begun. Thank a prog for what is happening now.sooner or later everything breaks.
this has to be close to breaking.
sooner or later everything breaks.
this has to be close to breaking.
Cause they were dipshits and got an adjustable rate mortgage?a lot of home mortgages are going to skyrocket when rates go way up ! many may lose their homes .. are we headed for another housing crash ? maybe worse than 2008 ?
i think its a fear in general of how stupid we are going to collectively be until an adult finally stands up and screams OK GOD DAMN IT - EVERYONE OUT OF THE POOL! and we look at things with a more critical eye.It is fear the fed will jack rates up higher and faster since inflation came in higher than expected Friday.
also with inflation many with fixed rates are also going to have trouble [not as bad as those with an arm] making ends meet when you factor in fuel and food costs ... cutting back means less consumer spending and less consumer spending means layoffs and layoffs means a rise in defaults .Cause they were dipshits and got an adjustable rate mortgage?
Serves em right.
Fair enough.also with inflation those with fixed rates are going to have trouble making ends meet when you factor in fuel and food costs ... cutting back means less consumer spending and less consumer spending means layoffs and layoffs means a rise in defaults .
But….but…but…we get bad Orange ManHow Joe Biden looks at the DOW ...At least it isnt down 1,000.
How many people have ARM's? Didn't they learn from 2008?a lot of home mortgages are going to skyrocket when rates go way up ! many may lose their homes .. are we headed for another housing crash ? maybe worse than 2008 ?
Here we go again! DAMNIT!
S&P 500 tumbles nearly 4% to new low for the year, closes in bear market territory
Stocks tumbled Monday, pushing the S&P 500 back into bear market territory, as the major averages came off their worst week since January.
It would be much worse if the economy wasn't vaccinated. Lol.How Joe Biden looks at the DOW ...At least it isnt down 1,000.
All that free money that was printed under Obammy(the brown turd) just so he could "Stimulate the economy", was free dollars to the rich people at zero percent interest.
stock markets react violently at times. the greater the immediate future doubt, the greater the negative reaction. the question is, how did people get into the position they are in lacking the fundamental knowledge needed to keep this from happening?
