Dow slumps 800 points to start the week, S&P 500 falls back into bear market territory

[iamwhatiseem]

i'm afraid as people are being forced to cut back because of higher food fuel and rent costs companies will soon be taking a hit [especially companies that produce luxury items] and said companies will soon start laying off .... i'm afraid the unemployment rate is going to go up ...way up ... consumer confidence is at record lows and majority of people dont believe the leadership in the oval office can be relied upon to do whats necessary to right the ship ... i doubt Biden is going to cut business and energy busting regs to stimulate the economy ...

Consumer Confidence Measure Hits All-Time Low

Washington, DC, Oct. 28, 2008--The Conference Board said Tuesday that consumer confidence plunged in October to its lowest on record, as stock markets dropped sharply and companies laid off workers.

www.floordaily.net

Already started friend...

Goldman Sachs plans to cut thousands of workers. Here are the other major US companies that have made cuts in 2022, from Amazon to Twitter.

Goldman Sachs has become the latest major company with plans to slash its headcount as business growth slows and costs increase.

www.businessinsider.com

 

[yidnar]

Already started friend...

Goldman Sachs plans to cut thousands of workers. Here are the other major US companies that have made cuts in 2022, from Amazon to Twitter.

Goldman Sachs has become the latest major company with plans to slash its headcount as business growth slows and costs increase.

www.businessinsider.com

i think many are seeing a bad situation coming over the horizon .

 

[jknowgood]

Some great bargains out there to be found!

This is how the really rich get even really richer. People freak out and sell and they buy cheap.

But us average joes can do it also.

Yes I might be able to get some cheap stocks. Thanks Biden!

 

[Harpy Eagle]

Yes I might be able to get some cheap stocks. Thanks Biden!

You know the old saying, if life gives you lemons...

 

[skye]

oh yeah!

 

[2aguy]

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.

www.cnbc.com

but…….no mean tweets.

 

[Quasar44]

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.

www.cnbc.com

My brother has lost several hundred thousands of $$$

 

[Whodatsaywhodat.]

Some great bargains out there to be found!

This is how the really rich get even really richer. People freak out and sell and they buy cheap.

But us average joes can do it also.

Exactly what the democrats are all about . Feeding the rich.

 

[Whodatsaywhodat.]

It well could be, given our current campaign financing laws there really is little that can be done to stop it. The only way to do so is for the voters to punish the politicians, but that will never happen

Just look at Biden. 50 years of corruption and he is awarded the presidency. You fools sure do reward criminality now don't you?

 

[DigitalDrifter]

but…….no mean tweets.

I'll tell that to my 401K.

 

[Harpy Eagle]

Exactly what the democrats are all about . Feeding the rich.

I am all about feeding myself, fuck the rich and you along with them.

 

[Harpy Eagle]

Just look at Biden. 50 years of corruption and he is awarded the presidency. You fools sure do reward criminality now don't you?

I did not vote for the man, I do not vote for the duopoly.

 

[Harpy Eagle]

I'll tell that to my 401K.

unless you are retired or will be in the next couple of years your 401k will be better off in the long run.

 

[DarthTrader]

unless you are retired or will be in the next couple of years your 401k will be better off in the long run.

How do you know? What if US loses superpower status? Were Russian citizens in 1986 better off in 2010? The answer is most certainly not. Russia hasn't even fully recovered from the collapse of the Soviet Union now.

The Soviet Union was the 2nd largest economy on earth until Chernobyl. I won't argue these facts with you - you're probably some indoctrinated bozo who thinks the USSR was a rust bucket before suffering the worst nuclear disaster in world history.

 

[Harpy Eagle]

How do you know? What if US loses superpower status? Were Russian citizens in 1986 better off in 2010? The answer is most certainly not. Russia hasn't even fully recovered from the collapse of the Soviet Union now.

The Soviet Union was the 2nd largest economy on earth until Chernobyl. I won't argue these facts with you - you're probably some indoctrinated bozo who thinks the USSR was a rust bucket before suffering the worst nuclear disaster in world history.

You really should never venture out of your bunker, you clearly are too filled with fear and dread to be a productive member of society

 

[DarthTrader]

You really should never venture out of your bunker, you clearly are too filled with fear and dread to be a productive member of society

Riiiight....because the west destroying its oil refineries, its oil platforms, its nuclear power plants, and all its cheap energy is SUCH a winner.

 

[Harpy Eagle]

Riiiight....because the west destroying its oil refineries, its oil platforms, its nuclear power plants, and all its cheap energy is SUCH a winner.

not sure where you live but there is a massive refinery right down the road that is going strong

 

[DigitalDrifter]

unless you are retired or will be in the next couple of years your 401k will be better off in the long run.

It was "better off" a year ago.

 

[B. Kidd]

oh yeah!


View attachment 657670

Dat's where all the pensions are.

 

[B. Kidd]

The Bears are now in charge!

Les go Brandon!!