Biden Economy: The DOW Incurs Worst Year
Since 2008, NASDAQ Incurs Worst Year Ever
– If You Add in Bonds, It’s the Worst
Year Since 1871!
Gateway Pundit,
by
Joe Hoft
Original Article
Posted By: ladydawgfan,
12/31/2022 2:54:10 AM
The US Stock market under Joe Biden ended 2022 on its worst year since 1871!
Money reports today that the DOW had its worst year since 2008:
U.S. stocks ended lower Friday, booking their worst annual losses since 2008, as tax-loss harvesting along with anxieties about the outlook for corporate profits and the U.S. consumer took their toll…
…All three major benchmarks suffered their worst year since 2008 based on percentage declines. The Dow dropped 8.8% in 2022, while the S&P 500 tumbled 19.4% and the technology-heavy Nasdaq plunged 33.1%.
What drove markets
U.S. stocks fell Friday, closing out the last trading session of 2022 with weekly and monthly losses.
Reply 1 - Posted by:
Strike3 12/31/2022 3:12:06 AM (No. 1367895)
Don't pick on poor Joe. He's down on some hot island having to endure the blazing sun and Jill's stupid voice while the rest of us enjoy this nice snowy weather.
24 people like this.
Reply 2 - Posted by:
Trigger2 12/31/2022 3:39:59 AM (No. 1367899)
Joey is slowly turning this country into socialism or communism. He's finally managed to practically kill off Wall Street.
40 people like this.
Reply 3 - Posted by:
FJB 2022 23 24 12/31/2022 4:31:02 AM (No. 1367910)
He has ruined this country, it is clear to all who have one ounce of a brain, yet he thinks he is doing a great job. It is a fool who cannot see what is obvious and right in front of them. The worst president in any country's history, especially this country.
38 people like this.
Reply 4 - Posted by:
goodbyedems 12/31/2022 5:00:22 AM (No. 1367913)
This is what 81 million voted for in 2020........and why they voted they voted to keep Biden and crew in in 2022! ..........and the media is thrilled with him and I must not question what they tell me. Go Brandon!
37 people like this.
Reply 5 - Posted by:
F15 Gork 12/31/2022 7:25:20 AM (No. 1367970)
Roger that! My portfolio looks like a gut shot coon dog bleeding out in a muddy ditch somewhere. Thank you sir may I have another.?
25 people like this.
Reply 6 - Posted by:
homefry 12/31/2022 7:39:06 AM (No. 1367982)
And IF you look back to the election prior to 2008 you'll find the same thing that happened just prior to this downturn. dim-0s gaining power.
16 people like this.
Reply 7 - Posted by:
voxpopuli 12/31/2022 7:45:32 AM (No. 1367988)
Gas.. up
Food., up
Heating bills.. up
Airline tickets.. up
Entertainment.. up
Now he can proudly say something is DOWN..
22 people like this.
Reply 8 - Posted by:
Mcscow sailor 12/31/2022 8:00:08 AM (No. 1367993)
Some people know how an economy grows…others do not. Joe was not able to screw up without help…
24 people like this.
Reply 9 - Posted by:
udanja99 12/31/2022 8:32:54 AM (No. 1368009)
Thanks, Pedo Pete. I can barely stand to look at my investments these days.
20 people like this.
Reply 10 - Posted by:
Dodge Boy 12/31/2022 8:49:21 AM (No. 1368022)
And this is just a sneak preview of what is to come.
13 people like this.
Reply 11 - Posted by:
David Key 12/31/2022 9:20:40 AM (No. 1368046)
What and incredible achievement. Incredibly bad that is.
10 people like this.
Reply 12 - Posted by:
MickTurn 12/31/2022 9:25:20 AM (No. 1368053)
Joey doing his Commie Work...Destroy America a bit at a time!
14 people like this.
Reply 13 - Posted by:
MDConservative 12/31/2022 9:48:01 AM (No. 1368088)
Bad luck for Biden. He's the guy holding the bag for those $14 TRILLION of printed money passed by Congress and PDT in the Great COVIDS Giveaway. Sure, he added a few TRILLION now, but chump change in comparison. Once again we beg the government for a solution, which only compounds the original situation. Hey, you got your vaccine, right? The good news is the government's checkbook still has checks in it.
11 people like this.
Reply 14 - Posted by:
AlpineLace 12/31/2022 9:58:30 AM (No. 1368098)
Just proves how many voters are not informed voters.
14 people like this.
Reply 15 - Posted by:
chumley 12/31/2022 10:09:31 AM (No. 1368109)
I have been a wage slave my entire life, giving my time, my talents, my youth and my health to people who dont care and probably dont remember me. To blazes with the economy. I'm retiring anyway, while I still have a few years left.
20 people like this.
Reply 16 - Posted by:
LC Chihuahua 12/31/2022 10:15:12 AM (No. 1368116)
And yet people voted for business as usual during midterms.
F Joe Biden!
19 people like this.
Reply 17 - Posted by:
skacmar 12/31/2022 10:19:25 AM (No. 1368120)
How much do these drops in market value translate into actual dollars lost in value for 401k 's, pension plans, retirement accounts, and other investments? The difference between my accounts values under Trump and their values today are sickening. I used to think I was set for a very comfortable retirement. No anymore.
21 people like this.
Reply 18 - Posted by:
DVC 12/31/2022 11:07:56 AM (No. 1368163)
Communism ALWAYS destroys economies, creates poverty, shortages and starvation.
19 people like this.
Reply 19 - Posted by:
snowoutlaw 12/31/2022 11:30:34 AM (No. 1368180)
Seems I'm down around 14% since Dec 31 2021. I think its Trumps fault, if the markets had not done so well under him they wouldn't have very far to fall.
Look at the bright side, I won't owe tens of thousands in taxes on the capital gains this April.
10 people like this.
Reply 20 - Posted by:
formerNYer 12/31/2022 12:43:50 PM (No. 1368227)
I'll bet the corrupt corporate news will be all over this story.
7 people like this.
Reply 21 - Posted by:
Zeek Wolfe 12/31/2022 12:59:42 PM (No. 1368232)
Democrats are giddy with excitement and over-the-moon with happiness. No matter how bad things can be, they will still be able to steal their way to election 'victory' after victory.
14 people like this.
Reply 22 - Posted by:
garyhope 12/31/2022 7:12:33 PM (No. 1368401)
It's not just Joe BIDUMB, but also Hussein Obammy Whammy, Hellary, Soros and all the rest of the DimoKRAPS. Thanks also to China and various DimOcraps.
8 people like this.
Reply 23 - Posted by:
NotaBene 1/1/2023 4:05:19 AM (No. 1368503)
Trump made me a wealthy man. Then came Biden and the Gimmethats.
11 people like this.
Reply 24 - Posted by:
judy 1/1/2023 4:48:29 AM (No. 1368506)
The fake republicans & non media helped ole Joe...the vacationer and chief.... fund useless projects, open borders & create high inflation...hang on... we have 2 more years of Obamas 3rd term...
6 people like this.
Reply 25 - Posted by:
ARKfamily 1/1/2023 5:51:56 AM (No. 1368513)
Government has become bloated, gluttonous, self-serving, and leans on their own understanding rather than leadership from God. All glory goes to God but government would rather the glory for themselves.
It is getting old and tiring. . .
5 people like this.
Reply 26 - Posted by:
DCGIRL 1/1/2023 6:07:14 AM (No. 1368517)
I scream every time I look at my 401K. We will be taxed to death while Biden and Jill gets richer. Everyone, don't think that Jill an innocent victim of this family, she is very dangerous and evil. She fits right in.
7 people like this.
The whole point is that The Jihad Junta wants us poor.. they do their short selling based on insider info, Members of Congress do the same, and Joe Six Pack is left holding an empty bag…
3 people like this.
Reply 28 - Posted by:
FJB 1/1/2023 10:03:05 AM (No. 1368605)
Headline writers need to work a few more "intentionallies," "purposefullies, "willfullies," and "deliberatlies" into these deals. Some new year.
2 people like this.
Reply 29 - Posted by:
bpl40 1/1/2023 10:55:37 AM (No. 1368640)
Elections have consequences. Stolen ones have even worse consequences
4 people like this.
Reply 30 - Posted by:
Zigrid 1/1/2023 11:10:12 AM (No. 1368650)
The best of all this is...now the Canadians are invading from Trudeau's over/reach at the Northern border...and they won't accept shorter pay that the corporate elite are hoping for with the southern border invaders....it's all about money folks...it's gone as far as it can go...2024 is just around the corner and the democrats are starting to see...they may have stepped in it....
2 people like this.
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Thanks, FJB!!