Bidenomics: DOW has worst day since ChinaDem Shutdowns; Fourth straight losing week

Grokmaster

Well-known member
Contributor
Thank God the Trump tax code/economic plan is still in effect, or who knows how much worse things would be right now?


And the Bidenflation becomes mor pronounced, as Pres.Moron now warns of upcoming food shortages.



FROM "BUIKLD BACK BETTER" to "GET READY FOR FOOD SHORTAGES" in THIRTEEN MONTHS...




Dow plunges more than 900 points for its worst day since 2020, falls for a fourth straight week



Stocks plunged on Friday, with the Dow Jones Industrial Average suffering its worst one-day loss since the throes of the pandemic, as the latest raft of corporate earnings and the prospect of rising rates spurred a wave of selling.

The Dow fell 981.36 points, or 2.8%, to 33,811.40. The S&P 500 was 2.8% lower at 4,271.78, for its worst day since March. The Nasdaq Composite declined by 2.6% to 12,839.29. Friday’s loss was the biggest for the Dow since Oct. 28, 2020.

UnitedHealth fell more than 3%, shaving more than 100 points off the Dow. Caterpillar also took out nearly 100 points from the 30-stock average, dropping 6.6% on the day. Goldman Sachs, Home Depot and Visa were also big downside contributors.

Those losses put the Dow down 1.9% for the week, its fourth straight weekly decline and its ninth losing week of the last 11. The S&P 500 posted a 2.8% weekly loss, marking its third straight one-week decline. The Nasdaq was the laggard this week, losing 3.8%.





https://www.cnbc.com/2022/04/21/stock-market-futures-open-to-close-news.html



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Reminder: the stock market is not the economy and the Fed is the biggest driver of the stock market, not the President
 
Thank God the Trump tax code/economic plan is still in effect, or who knows how much worse things would be right now?


And the Bidenflation becomes mor pronounced, as Pres.Moron now warns of upcoming food shortages.



FROM "BUIKLD BACK BETTER" to "GET READY FOR FOOD SHORTAGES" in THIRTEEN MONTHS...




Dow plunges more than 900 points for its worst day since 2020, falls for a fourth straight week



Stocks plunged on Friday, with the Dow Jones Industrial Average suffering its worst one-day loss since the throes of the pandemic, as the latest raft of corporate earnings and the prospect of rising rates spurred a wave of selling.

The Dow fell 981.36 points, or 2.8%, to 33,811.40. The S&P 500 was 2.8% lower at 4,271.78, for its worst day since March. The Nasdaq Composite declined by 2.6% to 12,839.29. Friday’s loss was the biggest for the Dow since Oct. 28, 2020.

UnitedHealth fell more than 3%, shaving more than 100 points off the Dow. Caterpillar also took out nearly 100 points from the 30-stock average, dropping 6.6% on the day. Goldman Sachs, Home Depot and Visa were also big downside contributors.

Those losses put the Dow down 1.9% for the week, its fourth straight weekly decline and its ninth losing week of the last 11. The S&P 500 posted a 2.8% weekly loss, marking its third straight one-week decline. The Nasdaq was the laggard this week, losing 3.8%.





https://www.cnbc.com/2022/04/21/stock-market-futures-open-to-close-news.html



682hlv.jpg

So the DOW had worse days when Trump was president?
 
the issue is not just what happens on this day or that day but the trend which is down and will stay that way for a long time to come. Bubbles do not pop all at once and we have 4 deflating at once.
The market has corrections and everyone investing should keep that in mind.
 
The market has corrections and everyone investing should keep that in mind.

I don't recall you saying that in the past.

2-05-2018
https://www.justplainpolitics.com/showthread.php?90770-trump-Crashes-DOW-1500-Points
3-01-2018
https://www.justplainpolitics.com/showthread.php?91875-trump-Crashes-the-Eonomy
3-02-2018
https://www.justplainpolitics.com/showthread.php?91917-trump-Crashes-Global-Economy
3-07-2018
https://www.justplainpolitics.com/showthread.php?92153-trump-crashes-the-economy-yet-again
3-13-2018
https://www.justplainpolitics.com/showthread.php?92435-trump-Crashes-the-DOW-Yet-Again
3-19-2018
https://www.justplainpolitics.com/showthread.php?92710-Yet-Again-trump-Crashes-the-Economy
3-27-2018
https://www.justplainpolitics.com/showthread.php?93115-trump-Crashes-the-Economy-Yet-Again
4-24-2018
https://www.justplainpolitics.com/showthread.php?94549-trump-crashes-the-economy-yet-again
5-15-2018
https://www.justplainpolitics.com/showthread.php?95544-trump-crashes-the-economy
5-29-2018
https://www.justplainpolitics.com/showthread.php?96329-trump-Crashes-the-DOW
5-31-2018
https://www.justplainpolitics.com/showthread.php?96476-trump-crashes-the-economy-yet-again
6-15-2018
https://www.justplainpolitics.com/showthread.php?97404-Yet-Once-Again-trump-Crashes-the-Economy
6-25-2018
https://www.justplainpolitics.com/showthread.php?97986-trump-Crashes-the-Economy-Yet-Again
7-19-2018
https://www.justplainpolitics.com/showthread.php?99451-trump-Crashes-the-Economy-Again
7-30-2018
https://www.justplainpolitics.com/showthread.php?100083-trump-Crashes-the-economy
8-10-2018
https://www.justplainpolitics.com/showthread.php?100732-trump-Crashes-the-Economy
8-30-2018
https://www.justplainpolitics.com/s...p-Crashes-the-Economy-on-new-Proposed-tariffs
10-04-2018
https://www.justplainpolitics.com/showthread.php?104248-trump-Crashes-the-Economy
10-05-2018
https://www.justplainpolitics.com/showthread.php?100732-trump-Crashes-the-Economy
10-10-2018
https://www.justplainpolitics.com/showthread.php?104603-trump-Crashes-Dow-728
10-10-2018
https://www.justplainpolitics.com/showthread.php?104587-trump-Crashes-the-Economy-Yet-Again
10-11-2018
https://www.justplainpolitics.com/showthread.php?104644-trump-Crashes-the-DOW-again
10-18-2019
https://www.justplainpolitics.com/showthread.php?128350-trump-Crashes-the-DOW
10-23-2018
https://www.justplainpolitics.com/showthread.php?105360-trump-Crashes-Dow-Again
10-24-2018
https://www.justplainpolitics.com/showthread.php?105447-Trump-Crashes-the-Economy-Again
10-26-2018
https://www.justplainpolitics.com/showthread.php?105591-trump-Crashes-the-Economy-Yet-Again
11-02-2018
https://www.justplainpolitics.com/showthread.php?106107-trump-Crashes-the-Economy-Yet-Again
11-14-2018
https://www.justplainpolitics.com/showthread.php?106833-trump-Crashes-the-Economy-Yet-Again
11-15-2018
https://www.justplainpolitics.com/showthread.php?106869-trump-crashes-the-economy-yet-again
11-12-2018
https://www.justplainpolitics.com/showthread.php?106688-trump-crashes-the-DOW
11-19-2018
https://www.justplainpolitics.com/showthread.php?107058-trump-Crashes-the-Economy-Yet-Again
11-20-2018
https://www.justplainpolitics.com/showthread.php?107117-trump-Crashes-the-Economy-Again
11-20-2018
https://www.justplainpolitics.com/s...rump-Crashes-the-Economy-950-Points-in-2-Days
3-07-2019
https://www.justplainpolitics.com/showthread.php?114447-trump-Crashes-the-DOW-again
3-08-2019
https://www.justplainpolitics.com/showthread.php?114509-trump-Crashes-the-DOW-some-more
4-09-2019
https://www.justplainpolitics.com/showthread.php?116446-trump-Crashes-the-Dow-Again
5-01-2019
https://www.justplainpolitics.com/showthread.php?118045-trump-Crashes-the-Dow-Again
5-10-2019
https://www.justplainpolitics.com/showthread.php?118643-trump-Crashes-the-DOW
5-17-2019
https://www.justplainpolitics.com/showthread.php?119105-trump-Crashes-the-DOW-Again
5-20-2019
https://www.justplainpolitics.com/showthread.php?119304-trump-Crashes-the-Dow
5-24-2019
https://www.justplainpolitics.com/s...ump-Crashes-the-DOW-Again-and-Again-and-Again
6-03-2019
https://www.justplainpolitics.com/showthread.php?120077-trump-Crashes-the-S-and-P
6-25-2019
https://www.justplainpolitics.com/showthread.php?121488-trump-Crashes-the-DOW-Again
7-09-2019
https://www.justplainpolitics.com/showthread.php?122187-trump-crashes-the-DOW
8-14-2019
https://www.justplainpolitics.com/showthread.php?124360-trump-Crashes-the-DOW-yet-again
6-15-2020
https://www.justplainpolitics.com/showthread.php?142715-ASG-Crashes-the-DOW-Again
 
the market sailed past correction territory in Feb. Powell has staved off collapse a little but =he wont be able to do it much longer as came up in the last epistle.

I hope the economy doesn't slide into a recession, but it may.

The thing that needs to happen is removing as many DEMOCRATS from Congress as possible as quickly as possible.

Remember in November.
 
I hope the economy doesn't slide into a recession, but it may.

The thing that needs to happen is removing as many DEMOCRATS from Congress as possible as quickly as possible.

Remember in November.

recession is certain. Depression is wait and see... If Powell keeps f*cking around its a given.
 
Chicken little. Higher interest rates are going to slow the economy. But it has to be done to deal with inflation. The level of economics on this board is first grade. They treat economics as a political issue. It isn't. They are not capable of critical thinking. I've lost 700K in the last month. I'll get it back. Yawn.
 
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