Dow drops nearly 500 points to close at new low for 2022 on rising recession fears
Stocks tumbled on Friday to cap a brutal week for financial markets, as surging interest rates and foreign currency turmoil heightened recession fear.
Dow tumbles 700 points into bear market territory, S&P 500 heads for new 2022 closing low
- Thread starter abby97
- Start date
Sounds like it’s getting close to buying time.
This is why the country is failing. Despite what democratic policies do, blind, mind numb robots vote for them anyway. Why should they change? They get your vote
Holy shit this came out of nowhere? Nobody could have seen this coming!
It's funny that I've seen at least a dozen republicans touting the benefits of a bill that they voted against. While voting against the bill they are trying to take credit for the benefits, is that somehow better than voting for it?
I'd like to learn more about good solid R policies, can you tell me more about what you/they would suggest?
With money starting to flow in for new projects around the country thanks to the bipartisan infrastructure law Congress approved last year, more Republicans are attempting to take credit despite the fact that they opposed the legislation. In a press release issued by her office on Wednesday, Rep. Ashley Hinson (R) touted "game-changing" funding of $829 million announced by the U.S. Army Corps of Engineers that is aimed toward modernizing locks and dams on the Mississippi River, which borders her Eastern Iowa district.
In a tweet yesterday, the Iowa Republican boasted that "we" had secured dam funding in her district. It led to an obvious follow-up question for Hinson: "What do you mean, 'we'?"
In a tweet yesterday, the Iowa Republican boasted that "we" had secured dam funding in her district. It led to an obvious follow-up question for Hinson: "What do you mean, 'we'?"
Similarly yesterday, Republican Rep. Kay Granger of Texas touted new funding for the Trinity River Vision/Central City flood control project — funding made possible by the Infrastructure Investment and Jobs Act.
What her press release didn't mention is that Granger voted to kill the bill, and condemned the package at the time as a "socialist plan full of crushing taxes and radical spending."
What her press release didn't mention is that Granger voted to kill the bill, and condemned the package at the time as a "socialist plan full of crushing taxes and radical spending."
Long term maybe, I think the bottom is still several thousand points away.
Just about any bill of substance in the last decade +. Obama's recovery act, American Rescue Plan, Infrastructure package - list goes on. Haven't you been paying attention?
Now back to my question about sound republican policies? What are they?
He’ll get back to you as soon as his DNC handler tells him.
Every 100 points off adds to the margin of victory for the R’s in November.
The soundest policy they can muster until November is voting against every one of those ridiculous bills.
Build Back Better? 💩💩💩💩
Well played! I mean, right after 3-4 posts schooling his ignorant ass you jump right in and tell him to wait until we all get our talking points. Sharp as ever!!
Markets go up, markets go down.
The Fed should have never let rates fall to near zero in the first place.
The equity markets have been in a constant rise since Obama was inaugurated, other than the Covid period.
Is it a shock??????????????
Maybe to some.
The Fed should have never let rates fall to near zero in the first place.
The equity markets have been in a constant rise since Obama was inaugurated, other than the Covid period.
Is it a shock??????????????
Maybe to some.
FYI. It will recover like it always does.
This is all true. But as sure as markets go up and down, politicians in power when the market goes down pay the price at election time. Right or wrong, it is what it is.
- Sep 13, 2002
- 94,079
- 190,340
- 113
I wonder how many threads racist OP is going to start in a sad attempt to deflect from the fact they have now outed themselves as a racist.
O/U 4.5?
O/U 4.5?
Well.....tax cuts.....tax cuts for the rich! And "cheap money"...real cheap money is always sound fiscal policy....But blaming Democrats, Biden and of course, Obama are the most sure-fire policies Republicans have regarding budgets and finances.
You do know the wealthy are the ones that are going to make piles of money off this buying opportunity right? Bad policy has directly lead to a buyers market for those with cash? Or that Biden has also given breaks to "the rich?
Not due to Obama. Due to Quantitative Easing ~
Money has to flow somewhere. The Treasury Bond Market was rock bottom. GDP was hovering around 1%.
Thanks Democrats and O'Biden.Dow drops nearly 500 points to close at new low for 2022 on rising recession fears
Stocks tumbled on Friday to cap a brutal week for financial markets, as surging interest rates and foreign currency turmoil heightened recession fear.www.cnbc.com
Are you heavily invested in the stock market? If not now is your chance.
Hate to break it to you, but Rs have been eating shit as of late for November.
Stock pile cash/MM until mid to late 23.
Agreed.
If you can save up cash and take on no debt, or reduce any bad debt you have now, over the next 18 months you will be in good shape in 2024ish.
People have such a short memory about how bad of a shit storm 09 to 11 was. It's going to be difficult for this downturn to top that.
Curious. Wondering what OP said or did over time on this forum for you to call him racist? Serious question as I don’t pay much attention to Op
Abby said that states should be able to ban inter racial marriages.
I said the equity markets started to rise after Obama was inaugurated.
Nothing more, nothing less.
Well then, he’s definitely a racist. Carry on
After the Dow falling 490 points at close I think you might want to quiet down.
A
anon_b29nm7v7dwp6r
Guest
Exactly….our economy has been in this sugar rush state for years now…this was always going to be the end result. For most of the Trump era I was shocked at how nuts the equity market was….completely detached from reality…
We should have started raising rates years ago…
September has historically been the worst month for the stock market.
In 08-09 the dow went from 14k to 6500. By the end of Obama's 2nd term it was over 19k.
This 13 year Bull was longest ever.
Hang tough and stay liquid til you see "the whites of their eyes".
Then hit blue chip techs hard.
In 08-09 the dow went from 14k to 6500. By the end of Obama's 2nd term it was over 19k.
This 13 year Bull was longest ever.
Hang tough and stay liquid til you see "the whites of their eyes".
Then hit blue chip techs hard.
I'm sitting pretty for a drop off right now. I don't want to be the guy playing the don't pass line at the craps table, but I'm kind of that guy right now.
