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Stocks fall, S&P 500 heads for worst first half in 52 years

Posted on 6/30/22 at 9:29 am
Posted by Jjdoc
Cali
Member since Mar 2016
53473 posts
Posted on 6/30/22 at 9:29 am
quote:

US stocks tumbled on Thursday, with the major averages on track to post steep declines for the month of June and first half of 2022 as concerns over heightened inflation and the prospects of a recession weighed on risk assets.





LINK
Posted by ninthward
Boston, MA
Member since May 2007
20418 posts
Posted on 6/30/22 at 9:32 am to
well what changed from last week?
Posted by JasonMason
Memphis
Member since Jun 2009
4656 posts
Posted on 6/30/22 at 9:34 am to
quote:

well what changed from last week?


Joe opened his mouth.
Posted by jaytothen
Member since Jan 2020
6408 posts
Posted on 6/30/22 at 9:35 am to
quote:

well what changed from last week?


Biden opened his trap
Posted by Boodis Man
Member since Sep 2020
4552 posts
Posted on 6/30/22 at 9:45 am to
Thanks biden
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134865 posts
Posted on 6/30/22 at 9:45 am to
Don't forget that Jim Cramer said the is the best economy he's seen in his lifetime.
Posted by Cajun75
Member since Mar 2022
605 posts
Posted on 6/30/22 at 9:49 am to
Bitcoin is down in the $18,000's now from a high in the $60,000's.....guess some people's "good buy" recommendation will turn into "goodbye" for their investments.
Posted by Deuces
The bottom
Member since Nov 2011
12390 posts
Posted on 6/30/22 at 9:51 am to
Brandon’s America.
Posted by Jack Carter
Member since Sep 2018
10402 posts
Posted on 6/30/22 at 10:13 am to
If they’re smart they’ll buy more when it hits 10k and possibly lower. Those who don’t will regret it
Posted by ArHog
Muss is a coward
Member since Jan 2008
33069 posts
Posted on 6/30/22 at 10:14 am to
Adults are in charge


Posted by Bearcat90
The Land
Member since Nov 2021
2955 posts
Posted on 6/30/22 at 10:15 am to
All part of the progfilth plan
Posted by GumboPot
Member since Mar 2009
118846 posts
Posted on 6/30/22 at 10:16 am to
quote:

Don't forget that Jim Cramer said the is the best economy he's seen in his lifetime.



This was my queue to take everything out of the market and dump it into a money market account.

I'll reassess around Thanksgiving.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41147 posts
Posted on 6/30/22 at 10:18 am to
quote:

well what changed from last week?



These up days/weeks are people catching the falling knife. If you're long, you are riding it down. Only people making money right now are the shorts or day traders.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51663 posts
Posted on 6/30/22 at 10:23 am to
What's funny is the Dow dropped over 300 points between opening and when SCOTUS released WVA v EPA and has now recovered almost all the losses of that first hour since that verdict was released.

Liberal/Progressive President speaks, the market drops. SCOTUS makes a conservative/libertarian verdict, the market reverses.
Posted by tgerb8
Huntsvegas
Member since Aug 2007
5995 posts
Posted on 6/30/22 at 10:28 am to
quote:

if they’re smart they’ll buy more when it hits 10k and possibly lower. Those who don’t will regret it


I understand why people say this, but there WILL be a time when it goes down and does not EVER rebound.
Posted by Jimmy2shoes
The South
Member since Mar 2014
11004 posts
Posted on 6/30/22 at 10:29 am to
It's not going to get better any time soone
Posted by PsychTiger
Member since Jul 2004
99059 posts
Posted on 6/30/22 at 10:32 am to
But those tweets were really, really mean.
Posted by Jack Carter
Member since Sep 2018
10402 posts
Posted on 6/30/22 at 12:16 pm to
quote:

but there WILL be a time when it goes down and does not EVER rebound.


I could see that with most alt coins, but for BTC itself I think it'll always rebound
Posted by alphaandomega
Tuscaloosa
Member since Aug 2012
13566 posts
Posted on 6/30/22 at 12:17 pm to
quote:

Don't forget that Jim Cramer said the is the best economy he's seen in his lifetime.



He and Paul Krugman should write a boot together. It would be a road map of what NOT to do.
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