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Stocks dive to another losing week as
inflation worsens

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Posted By: Imright, 6/10/2022 7:43:20 PM

NEW YORK— Wall Street’s shuddering realization that inflation got worse last month, not better as hoped, sent markets reeling on Friday.The S&P 500 sank 2.9% to lock in its ninth losing week in the last 10, and tumbling bond prices sent Treasury yields to their highest levels in years. The Dow Jones Industrial Average lost 2.7%, and the Nasdaq composite dropped 3.5%. Wall Street came into Friday hoping a highly anticipated report would show the worst inflation in generations slowed a touch last month and passed its peak. Instead, the U.S. government said inflation accelerated to 8.6% in May from 8.3% a month before.

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Reply 1 - Posted by: MFM 6/10/2022 9:33:59 PM (No. 1182377)
All intentional, wake up America, its fast collapsing..
5 people like this.

Reply 2 - Posted by: Scout Finch 6/10/2022 11:16:54 PM (No. 1182431)
They know they have little time left. They must act now. They can’t gamble yet another loss for their side.
3 people like this.

Reply 3 - Posted by: varkdriver 6/11/2022 4:07:07 AM (No. 1182513)
"Unexpectedly..."
3 people like this.

Reply 4 - Posted by: F15 Gork 6/11/2022 7:19:03 AM (No. 1182576)
We are done.....I don’t even check my portfolio anymore.
0 people like this.

Reply 5 - Posted by: franq 6/11/2022 7:57:04 AM (No. 1182613)
Last week I heard of a couple guys (toolmakers) at work who had lost well into the 6 figures from their retirement accounts. That's why I bailed 2 years ago.
0 people like this.

Reply 6 - Posted by: MDConservative 6/11/2022 10:40:16 AM (No. 1182839)
"Those who fail to learn from history are doomed to repeat it." Inflation doesn't end overnight. It doesn't burn itself out because it is constantly fueled by the politicians who rail against it, and vote ever higher expenditures financed by debt and fiat money. Inflation was a bi-partisan monster that grew out of those halcyon '60s, when prosperity was hyped by a space race, Vietnam War, War on Poverty, Great Society, Interstate highway and other infrastructure development...all paid for by the Federal government. All of that and more are still with us today. We need more and more and more...right? More stimulus, please! The end only comes with a recession and hard times. No politician endorses that. They'd rather hand out WIN buttons or dictate wage and price controls to show they're doing something.
1 person likes this.

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