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Markets Tumble amid Fears of Rate Hike, Recession

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Posted By: Dreadnought, 4/26/2022 6:23:21 PM

The Dow Jones Industrial Average fell 809 points, or 2.4 percent today, as investors sold stock amidst concerns of coming recession. The Dow faced a significant decline since trading opened this morning. By the market’s close, it had reached one of its lowest closing values in the past year. Similar declines were observed on other market indices – including the S&P 500, which fell by 2.8 percent, and the Nasdaq Composite (comprising technology company stock), which lost 4 percent of its value. Most experts ascribed the loss to stocks by big technology companies, whose increases in value have come to represent a sizeable portion of market indices.

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Reply 1 - Posted by: John Moses Browning 4/26/2022 6:34:37 PM (No. 1139097)
Down, down, down it goes. At the rate FJB and his minions are working over the market, we are not going to have enough assets left for much of a retirement. Really looking out for the folks aren’t you FJB?
15 people like this.

Reply 2 - Posted by: formerNYer 4/26/2022 6:42:08 PM (No. 1139105)
Wow I'm glad the adults are in charge.
9 people like this.

Reply 3 - Posted by: Rich323 4/26/2022 7:04:53 PM (No. 1139120)
Liberals and their media are cheering Tesla stock loss of $114 billion on the market drop.
3 people like this.

Reply 4 - Posted by: DVC 4/26/2022 7:30:45 PM (No. 1139144)
"Fears of a rate hike and recession"??? LOL! Those are both certainties.
9 people like this.

Reply 5 - Posted by: GoodDeal 4/26/2022 7:31:37 PM (No. 1139147)
A huge MISSION ACCOMPLISHED banner will be displayed on the White House once the market has capitulated and crashed completely. When Warren Buffet is broke, and Berkshire Hathaway is worth around $5/share then you know it worked perfectly.
6 people like this.

Reply 6 - Posted by: DVC 4/27/2022 2:45:58 AM (No. 1139300)
I've got a pretty good cash position now. When this starts to look like a bottom, I'll be buying some quality stocks, for certain. Stocks are the one thing that people resist purchasing when they are on sale. In all the past downturns, I have never been more than 18% down, typically less, and always back even within 18 months and climbing rapidly. My friends and family who freaked out and sold everything.....lost huge amounts. I've tried to explain it....to no avail. One family member lost 50% by selling on a big dip, and having bad stocks, and just was 'locking in' her losses. That same event - we were back even in 12 months, and had a 15% gain above the original starting point another year later, and she was still sitting it out, not in the markets, licking her wounds, and still down 50%. 50% versus 115%....do that two or three cycles and it makes a real difference. Down 50% takes five years of 15% annual returns to get back even, then the sixth year could be where we were the next year. Don't get out and lock in your losses, exactly the wrong thing to do. Of course, having good, diversified stock and mutual fund holdings is critical to not being down 50%, but 15%. This is the only place where "diversity ACTUALLY IS your strength".
1 person likes this.

Reply 7 - Posted by: skacmar 4/27/2022 3:15:34 AM (No. 1139311)
Because inflation isn't bad enough, the Biden administration and Democrats are now doing their best to create enough uncertainty to tank the stock market. This effects everyone via their 401k, stocks retirement plans, and any other investments. Their values are nose diving causing many to lose their financial security. Thanks Joe Biden and Democrats!
1 person likes this.

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