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Jan 24 - Dow DOWN 🢃 over 1000 points. All HELL has broken loose 😨



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 4 months ago '17        #1
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Iceberg HISTORY  topics gone triple plat - Number 1 spot x192
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Jan 24 - Dow DOWN 🢃 over 1000 points. All HELL has broken loose 😨
 

 
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U.S. stocks fell Monday following the S&P 500′s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve.

The Dow Jones Industrial Average lost about 1,030 points, or 3%, falling for a seventh straight day. The S&P 500 shed 3.7%. The benchmark is down more than 10% from its intraday high. The Nasdaq Composite declined 4.5%, falling deeper into correction territory.

The market action Monday followed a brutal week on Wall Street in the face of mixed company earnings and worries about rising interest rates.

Monday’s pullback put the S&P 500 down more than 11% this month, on pace for its worst monthly decline since March 2020 and worst January performance ever. The Dow was also headed for its biggest one-month loss since March 2020, falling more than 8%. The Nasdaq, meanwhile, has dropped roughly 16% in January and is on pace for its worst month since October 2008 — when it plunged 17.7%.

The CBOE Volatility Index (VIX), known on Wall Street as the market’s “fear gauge,” hit its highest level since November 2020, surpassing the 38 level.

The fourth-quarter earnings season has been a mixed bag. While more than 74% of S&P 500 companies that have reported results have topped Wall Street estimates, a couple of key firms let down investors last week, including Goldman Sachs and Netflix.

“What had initially been a stimulus withdrawal-driven decline morphed last week to include earnings jitters,” Adam Crisafulli, founder of Vital Knowledge, said in a note. “So investors are now worried not just about the multiple placed on earnings, but the EPS (earnings-per-share) forecasts themselves.”

Investors are anticipating a slew of high-stakes earnings reports from mega-cap tech companies this week. Microsoft fell 5%, Apple lost 3.4% and Tesla pulled back 7.5% ahead of the quarterly reports.

Only 10 stocks in the S&P 500 traded in positive territory Monday.

Riskier a*sets are selling off this year as investors brace for the Fed to tighten monetary policy. Bitcoin dropped more than 8% over the weekend, wiping out nearly half of its value at its record high reached in November. The price fell another roughly 4% Monday morning below $34,000.

Investors are eyeing the Fed’s policy meeting, which wraps up on Wednesday. Market participants will be looking for any signals on how much the central bank will raise interest rates this year and when it will start.

The Federal Open Market Committee, which sets interest rates, meets with expectations that it won’t act at this meeting but will tee up the first of multiple rate hikes starting in March. In addition, the Fed is expected to wrap up its monthly a*set purchase program that same month.

At his post-meeting news conference, Chairman Jerome Powell also could signal when the Fed will start to unwind its mammoth balance sheet.

Goldman Sachs said over the weekend that it sees risks rising that the Fed could enact even more than the four quarter-percentage-point hikes that the market has priced in for this year. The firm also said the Fed might start running off the nearly $9 trillion in a*sets it is holding in July.


Bond yields have surged in the new year in anticipation of Fed rate hikes, which partly triggered the drastic sell-off in growth-oriented tech shares. While the 10-year Treasury yield was lower Monday, the benchmark rate has jumped about a quarter of a percentage point in 2022.

“The big story so far in 2022 has been the rapid move higher in interest rates, which is prompting investors to re-assess valuations for some of the most expensive segments of the market and rotate into value stocks,” said David Lefkowitz, head of equities Americas at UBS Global Wealth Management.

JPMorgan’s top stock strategist Marko Kolanovic said in a note Monday that the sell-off is overblown.

“The recent pullback in risk a*sets appears overdone, and a combination of technical indicators approaching oversold territory and sentiment turning bearish suggest we could be in the final stages of this correction,” Kolanovic said. “While the market struggles to digest the rotation forced on it by rising rates, we expect the earnings season to reassure, and in a worst case scenario could see a return of the ‘Fed put.’”

visit this link https://www.cnbc.com/2022 .. lose-news.html
+1   



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129 comments
 

 4 months ago '21        #2
Fras 
Props total: 8587 8 K  Slaps total: 7883 7 K

+8   

 4 months ago '17        #3
Iceberg HISTORY  topics gone triple plat - Number 1 spot x192 OP
Props total: 120811 120 K  Slaps total: 28103 28 K

+6   

 4 months ago '15        #4
Top Goon  topics gone triple plat - Number 1 spot x206
Props total: 163713 163 K  Slaps total: 20055 20 K

+25   

 4 months ago '17        #5
Lazy 
Props total: 34070 34 K  Slaps total: 4436 4 K
I can tell y’all don’t have money in the markets by these knee jerk reactions

BX fell off hard smh
+54   

 4 months ago '05        #6
R0R0 
Props total: 3167 3 K  Slaps total: 767 767
They are purposely bleeding it to shake off paper hands if you know you know
+45   

 4 months ago '17        #7
Ymmot  topics gone triple plat - Number 1 spot x5
Props total: 105680 105 K  Slaps total: 34627 34 K
I finally bit the bullet and bought puts this morning.
+13   

 4 months ago '17        #8
Ymmot  topics gone triple plat - Number 1 spot x5
Props total: 105680 105 K  Slaps total: 34627 34 K
 R0R0 said
They are purposely bleeding it to shake off paper hands if you know you know
That doesn't really make sense. There have been lots of corrections since the market started.
+1   

 4 months ago '09        #9
NcAlien 
Props total: 5418 5 K  Slaps total: 336 336
 Lazy said
I can tell y’all don’t have money in the markets by these knee jerk reactions

BX fell off hard smh
Not knee jerk but to me this signals potential volatility this year and also a fire sale on blue chip stocks.

What are your thoughts?
+6   

 4 months ago '05        #10
R0R0 
Props total: 3167 3 K  Slaps total: 767 767
 Ymmot said
That doesn't really make sense. There have been lots of corrections since the market started.
You. Must not follow it day by day if you did you would. Know
+1   

 4 months ago '17        #11
Iceberg HISTORY  topics gone triple plat - Number 1 spot x192 OP
Props total: 120811 120 K  Slaps total: 28103 28 K
 Lazy said
I can tell y’all don’t have money in the markets by these knee jerk reactions

BX fell off hard smh
n*gga said Knee jerk reaction....
n*gga I will smack the whole sh*t out of you if you disrespect me again.
Pay attention to what the fu*k is going on
+8   

 4 months ago '18        #12
DUCEDUCE  topics gone triple plat - Number 1 spot x2
Props total: 82192 82 K  Slaps total: 8215 8 K
We in correction territory everything is overpriced, no more stimulus, and the country is open back up, what you expect. sh*ts going to go lower, consumer staples might even go lower as people have less money to spend on essentials. Im waiting for the real estate market to pop. Thats coming too.
+23   

 4 months ago '17        #13
Lazy 
Props total: 34070 34 K  Slaps total: 4436 4 K
 NcAlien said
Not knee jerk but to me this signals potential volatility this year and also a fire sale on blue chip stocks.

What are your thoughts?
That more so directed to the OP and magats in the first thread replies

I don’t predict volatility but more towards correction since we’re moving towards post-Fed pumping of the markets

I do think it’s a good time to get rich by shorting or buying dips you know will bounce back in the long term

Personally sitting on my hands observing, but considering calls with a long expiry date since they’re cheap at the moment

 4 months ago '13        #14
blackhippie4 
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ups and downs are needed and normal. But times are scary right now. There are a few things going on around the world and our country of course that could make things really bad for those who dont already have. And we have leaders that cant work together which is scarier. A lot of people will starve before they take any action..

Uncertainty is a problem in America.
+4   

 4 months ago '17        #15
Lazy 
Props total: 34070 34 K  Slaps total: 4436 4 K
 Mr Scaramucci said
n*gga said Knee jerk reaction....
n*gga I will smack the whole sh*t out of you if you disrespect me again.
Pay attention to what the fu*k is going on
Clearly the only n*gga here is you, dancing for pennies and Ronnie’s approval

You can do better in life
+4   

 4 months ago '17        #16
Iceberg HISTORY  topics gone triple plat - Number 1 spot x192 OP
Props total: 120811 120 K  Slaps total: 28103 28 K
 Lazy said
Clearly the only n*gga here is you, dancing for pennies and Ronnie’s approval

You can do better in life
Clearly shut yo a*s the fu*k up
-3   

 4 months ago '18        #17
DUCEDUCE  topics gone triple plat - Number 1 spot x2
Props total: 82192 82 K  Slaps total: 8215 8 K
 Lazy said
That more so directed to the OP and magats in the first thread replies

I don’t predict volatility but more towards correction since we’re moving towards post-Fed pumping of the markets

I do think it’s a good time to get rich by shorting or buying dips you know will bounce back in the long term

Personally sitting on my hands observing, but considering calls with a long expiry date since they’re cheap at the moment
Market is going to sink, where its going to be a problem is all of these people that are going to lose their shirt in crypto, real estate and alternative investments. I met people that were putting money into collectables.. some of that is going to pop also.
+3   

 4 months ago '17        #18
Lazy 
Props total: 34070 34 K  Slaps total: 4436 4 K
 R0R0 said
You. Must not follow it day by day if you did you would. Know
This is the 66th market correction

Technically he’s right

Just ride the latest wave and make the best move for the long term
+5   

 4 months ago '11        #19
Sin  topics gone triple plat - Number 1 spot x50
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 blackhippie4 said
ups and downs are needed and normal. But times are scary right now. There are a few things going on around the world and our country of course that could make things really bad for those who dont already have. And we have leaders that cant work together which is scarier. A lot of people will starve before they take any action..

Uncertainty is a problem in America.
You should all love and appreciate down days

Unless you’re 60+ and looking at retirement today is a great day
+8   

 4 months ago '17        #20
Lazy 
Props total: 34070 34 K  Slaps total: 4436 4 K
 DUCEDUCE said
Market is going to sink, where its going to be a problem is all of these people that are going to lose their shirt in crypto, real estate and alternative investments. I met people that were putting money into collectables.. some of that is going to pop also.
I can’t speak to crypto and nfts

All I did was mine and sell over the last few years

But real estate is one I’m looking forward to

In my city there are already renovated rentable properties selling for only 150,000 so the drop is welcomed
+1   

 4 months ago '05        #21
R0R0 
Props total: 3167 3 K  Slaps total: 767 767
Inflation "correction" just ride the wave
+8   

 4 months ago '11        #22
Sin  topics gone triple plat - Number 1 spot x50
Props total: 184170 184 K  Slaps total: 24823 24 K
 DUCEDUCE said
We in correction territory everything is overpriced, no more stimulus, and the country is open back up, what you expect. sh*ts going to go lower, consumer staples might even go lower as people have less money to spend on essentials. Im waiting for the real estate market to pop. Thats coming too.


+24   

 4 months ago '21        #23
Tehuti  topics gone triple plat - Number 1 spot x2
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+28   

 4 months ago '18        #24
DUCEDUCE  topics gone triple plat - Number 1 spot x2
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 Tehuti said

how many people must be out of dip money.....
+11   

 4 months ago '21        #25
brazidizzle 
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I’ll beat the sh*t out of every dude that posted in this thread
-13   



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