Stock market taking massive dive today

[DigitalDrifter]

Yesterday was a good day, today's tank is wiping that out and more.

Dow plunges 1,100 points as Wall Street sell-off accelerates​

Stocks plunged Thursday — with the Dow plunging more than 1,100 points — wiping out the gains from the previous session’s massive rally.

In midday trading, the Dow Jones industrial average had slumped 3.3 percent. The S&P 500 index sank 165 points, or 3.8 percent, while the tech-heavy Nasdaq was the biggest loser, giving back 651 points, or 5 percent.

Stocks saw a late-afternoon surge Wednesday after the Federal Reserve announced that it would raise interest rates by half a percent. Though it marked the biggest jump since 2000 and Fed Chair Jerome H. Powell said comparable increases were “on the table,” investors seemed relieved after he said the board had not seriously considered going any higher. The Dow closed up more than 932 points, or 2.8 percent. The S&P 500 and Nasdaq composite index soared 3 percent and 3.2 percent, respectively.

MSN

www.msn.com

 

[Moonglow]

Good, it's time to bring down the house of cards that is capitalism.

 

[White 6]

Yesterday was a good day, today's tank is wiping that out and more.

Dow plunges 1,100 points as Wall Street sell-off accelerates​

MSN

www.msn.com

With employment up, production up, and they've had 6 months to figure in inflation, what is this correction about, th overnight Fed Funds rate?

 

[yidnar]

Good, it's time to bring down the house of cards that is capitalism.

you are insane ! if the economy were to collapse the suffering among your fellow average Americans will be massive !

 

[Moonglow]

you are insane ! if the economy were to collapse the suffering among your fellow average Americans will be massive !

Ain't life a bitch?

 

[Moonglow]

With employment up, production up, and they've had 6 months to figure in inflation, what is this correction about, th overnight Fed Funds rate?

No more money from the feds to buy bonds, soooo. I was notified last week the SBA loan funds are dwindling along with other institutions that loan.

 

[jbrownson0831]

Yesterday was a good day, today's tank is wiping that out and more.

Dow plunges 1,100 points as Wall Street sell-off accelerates​

MSN

www.msn.com

Reflecting the confidence in Poopeypants.

 

[TNHarley]

Good, it's time to bring down the house of cards that is capitalism.

You dont know what capitalism is, ya fuckin burnout

 

[Moonglow]

You dont know what capitalism is, ya fuckin burnout

Yes, in the US it is a system between taxpayers supporting capitalistic expansion with fiat currency.

 

[Ralph Norton]

Ain't life a bitch?

Though I seldom, if ever, agree with anything you say, I wanted to believe you put at least SOME thought into your comments.
Clearly I was wrong.

 

[Moonglow]

See? You fucking moron

State capitalism is the only way to exist in the world, if not they'll eat yous alive and spit out the bones.

 

[AzogtheDefiler]

With employment up, production up, and they've had 6 months to figure in inflation, what is this correction about, th overnight Fed Funds rate?

That and the supply chain issues won't be resolved for two years at best per my clients. Tough news.

 

[yidnar]

Hardly since my whole existence doesn't rely on a coproation.

did you mean corporation ??? nobody said that your whole existence or who you are does ! for instance no corporation is responsible for your stupidity .

 

[Moonglow]

did you mean corporation ??? nobody said that your whole existence or who you are does ! for instance no corporation is responsible for your stupidity .

It is if you are waiting on a check from them.

 

[yidnar]

It is if you are waiting on a check from them.

so working for a company is a bad thing ?

 

[Moonglow]

so working for a company is a bad thing ?

Not if it is your own company.

 

[AyeCantSeeYou]

Stay on topic!

 

[yidnar]

Not if it is your own company.

listen dude i get what you are saying ... i was self employed for nearly 20yrs ... but being self employed is not the norm nor has it been for hundreds of yrs ! there is nothing wrong with working for a company or being self employed ... dont judge success or happiness because somebody has more money than you do .... dems have a big problem with their neighbors have more money or drive a fancier car even if they themselves have a higher standard of living than the average American ... bitterness is a prerequisite to being a leftist . that being said the markets are very important to all businesses.

 

[Moonglow]

listen dude i get what you are saying ... i was self employed for nearly 20yrs ... but being self employed is not the norm nor has it been for hundreds of yrs ! there is nothing wrong with working for a company or being self employed ... dont judge success or happiness because somebody has more money than you do .... dems have a big problem with their neighbors have more money or drive a fancier car even if they themselves have a higher standard of living than the average American ... bitterness is a prerequisite to being a leftist .

I can tell you don't like the increase in interest rates, I myself want higher interest rates than the stupidly low ones that Trump insisted upon.

 

[Sunsettommy]

Yes, in the US it is a system between taxpayers supporting capitalistic expansion with fiat currency.

Who do you think push FIAT currency so much?

The Democrats and Republicans in the Federal government.