The Stock Market Officially Collapses
Into Bear Market Territory
Daily Caller,
by
John Hugh DeMastri
Original Article
Posted By: Imright,
9/23/2022 5:23:32 PM
The stock market closed out a week of intense losses with the Dow Jones falling more than 750 points Friday, entering bear market territory amid a wave of investor fears.
At time of writing, the index had, at its lowest point, fallen more than 2.7% during the day to around 29,300 points, with the Nasdaq and S&P 500 down by 2.7% and 2.64% respectively at time of writing. With the Dow Jones officially falling more than 20% from its recent peak in June, stocks will have entered a slump known by investors as a “bear market” if the losses hold when trading ends Friday, according to CNBC.
Reply 1 - Posted by:
texaspast 9/23/2022 5:28:18 PM (No. 1285988)
Well . . . so much for retiring before 72.
37 people like this.
Reply 2 - Posted by:
Trump'sCousin 9/23/2022 5:38:08 PM (No. 1285996)
HAHA haha haha haha haha haha haha haha haha haha haha haha haha haha haha haha haha
Thank a demoncrap!
Keep playing happy patty cake with all of them.... family, friends, coworkers....all the while remembering how much they hate your guts.
They own it and need to be told so to their faces.
It's no longer a political issue..
IT'S A MORAL ISSUE
WAKE UP!!!
49 people like this.
Reply 3 - Posted by:
Californian 9/23/2022 5:54:33 PM (No. 1286007)
I went all cash when Biden came into office. Put my money where my mouth is, as they say.
After it goes down a lot more, and it almost certainly will, I'll buy back in.
Thanks Joe for so predictably destroying the economy so I can make a ton of money on the way back up after you're toast!
30 people like this.
Reply 4 - Posted by:
LC Chihuahua 9/23/2022 5:54:48 PM (No. 1286008)
Just in time for midterms.
If everything that has happened in the last two years does not wake people up (and I'm not talking 'woke'), nothing will.
53 people like this.
Reply 5 - Posted by:
kennedylaw 9/23/2022 6:03:26 PM (No. 1286010)
Thanks Brandon. I didn't really want to retire before I turn 80. I just hope that I am in better cognitive condition than Brandon is.
32 people like this.
Reply 6 - Posted by:
bighambone 9/23/2022 6:16:55 PM (No. 1286014)
Biden will probably pop up and say what is the big deal, the Stock Market is higher now then it was twenty years ago.
19 people like this.
Reply 7 - Posted by:
Ribicon 9/23/2022 6:29:07 PM (No. 1286019)
That's a sign of a healthy economy, according to the MSM.
16 people like this.
Reply 8 - Posted by:
EQKimball 9/23/2022 6:31:30 PM (No. 1286021)
Although I am a fan of Tucker Carlson, I rarely go to the Daily Caller website and have never left a message. In attempting to read this article, I have repeatedly received an “error message” stating that the Daily Caller has “banned” me from accessing it. My guess is that it has been attacked. Thoughts anyone?
7 people like this.
Guess we'll be getting a new definition of what a bear market is.
25 people like this.
Reply 10 - Posted by:
jimboscott 9/23/2022 7:26:58 PM (No. 1286054)
Defining a bear market as a 20% drop is frankly ridiculous. There are deep corrections that take things down 20% or more without really changing the long term direction of the market.
Could this be a bear market? No way to tell at this point. Given the extreme bearish sentiment I rather suspect that we are NOT in a true secular bear market. Too much money on the sidelines and given the first impetus that money will come back in to chase the markets to new all time highs.
7 people like this.
Reply 11 - Posted by:
EJKrausJr 9/23/2022 7:30:37 PM (No. 1286056)
Lame Duck Joe's fubaring of America is into full gear. Inflation, shrinkflation, and now wealth deflation. The full trifecta. Well done Lame Duck, well done.
16 people like this.
Reply 12 - Posted by:
bpl40 9/23/2022 7:48:05 PM (No. 1286065)
Trump's fault? I don't know if they actually expect masses of people to believe it. But that doesn't stop 'em.
13 people like this.
Reply 13 - Posted by:
Strike3 9/24/2022 4:00:05 AM (No. 1286250)
Thanks Brandon, you incompetent, rotten piece of cabbage. I'm retired and could easily work a part-time job to supplement my income but the thought of contributing one penny of income tax to this fool is unthinkable. I'll just tighten the belt a little more and wait for a real president.
19 people like this.
Reply 14 - Posted by:
Trigger2 9/24/2022 5:09:37 AM (No. 1286269)
Joey finally tanked the Stock Market. He must be so proud of himself.
19 people like this.
Reply 15 - Posted by:
watashiyo 9/24/2022 5:27:26 AM (No. 1286271)
When BiteMe Diaper said Inflations are down, he meant the Stock Market.
7 people like this.
Reply 16 - Posted by:
Calvinesq 9/24/2022 8:19:32 AM (No. 1286337)
The market downturn is bad enough, asset values down across the board for a large swath of everyday people. But add to that the real wealth killer that affects even those who went all cash - inflation. The money we still have is worth a lot less because of this grifter president and the leftist Dems. The hit of high inflation is a much more permanent hit to our assets than this huge market downturn, which can turn around. Dems must be removed from office, the greenies must be stopped and then drill, drill, drill.
17 people like this.
Reply 17 - Posted by:
bpl40 9/24/2022 8:26:22 AM (No. 1286341)
Reality is a bi*** Fraud works on election results but what about the stock market??
6 people like this.
Reply 18 - Posted by:
Fosterdad 9/24/2022 8:32:10 AM (No. 1286344)
I shudder to think what will happen if the Dems keep control of Congress in November. The Dow will be down to 20,000 by the end of the year.
10 people like this.
Reply 19 - Posted by:
JackBurton 9/24/2022 8:43:47 AM (No. 1286364)
It IS a bear market and we ARE in a recession. (told ya so) But we have been this low earlier in the year. Now, back in '87, during that crash, a 'technician' of the market pointed out that the market doesn't just go down and up... it will decline and hit a low point, do a bounce, and then 'test the lows', which is what I think is happening now. It won't have a good advance without such a test... and it has been known to have three such tests. The tests are also called a 'give up'..as when investors throw their hands in the air and say 'I give up.'
Two things. One--the Donks are in charge and I think that this is a referendum on their governance. Like the market dropping before Obama's election was a referendum on McCain. So---The market will go up if we get a Red Wave.
Two--I got started with investments in '82. The rule I heard was the rule of 21. If Inflation plus Price Earning multiple for stocks is less than 21, the market can go up. If it's more, no. Inflation is at 8-9 % and the PE for the S&P 500 is over 19. In 82, the PE was about 10.....
Pack a parachute.
6 people like this.
Reply 20 - Posted by:
Strike3 9/24/2022 9:01:41 AM (No. 1286389)
The time to start buying more shares is right around the corner.
3 people like this.
Reply 21 - Posted by:
Fireboy 9/24/2022 10:03:31 AM (No. 1286472)
Thanks Brandon - almost forgot about Dollar Cost Averaging while Trump was prez
1 person likes this.
Reply 22 - Posted by:
MickTurn 9/24/2022 10:55:41 AM (No. 1286533)
Stock Market is way past Bear, it's into Crap Beatle!
4 people like this.
Reply 23 - Posted by:
DVC 9/24/2022 11:18:18 AM (No. 1286572)
Hysterical "the market is crashing!" articles are becoming tiresome. Facts are important. Is it a wonderful time in the market right now? Of course not, it sucks because the political idiots in charge have been making destructive and incompetent moves based on their loony "Climate Emergency" scam.
Look a bit closer. The Dow Jones average was 18000 a few weeks before the November 2016 election of Trump. It is now just above 29,000, so slightly less than a 66% increase since then. In a crude average, not considering compounding, that is about 11% gain per year, averaged over six years.
Personally, I'll always be happy with a 10% gain average per year. And this is just the average of all the Dow stocks. If you have a good, diversified investment plan, and a good financial advisor you should be able to do a bit better than the Dow average.
Pulling back from higher levels isn't anything like "crashing" unless you just got into the market this year or last year, or unless you had everything concentrated in one sector which is now down more than average. This is why portfolio diversification is a must, some sectors go down and other hold firm or go up. If you have been fully invested for many years, with good diversification, this is an unpleasant pullback, and I sure don't like it, my paper losses of perhaps 10-15% so far.
I could have purchased a really nice home in suburbia outright for what I have lost under Traitor Joe. Or three or four new Porsches.
But the market isn't "collapsing".....the headline is hysteria, which is the worst possible thing in investing.
2 people like this.
Reply 24 - Posted by:
RMGUY1 9/24/2022 6:47:16 PM (No. 1286820)
What bothers me most is the dimos saying the stock market was 28,000-29,000 when biden took office. When he was "elected" in November it was 35,000+ so from when he was elected until he took office it did what it's doing now. The market gave him almost 2 years to see what he would do before becoming the Bear Market it is today. Thanks biden and all you dolts who voted for him and those who helped put him in as president.
2 people like this.
Look out below!
Or Gardyloo, like they say in Scotland.
0 people like this.
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