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Sep 23 - Dow drops 400 points, breaks below 30,000 on fear the Fed is overdoing it



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topics gone triple plat - Number 1 spot 3X PLAT


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 3 days ago '11        #1
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Sin  topics gone triple plat - Number 1 spot x53
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Props total: 192810 192 K  Slaps total: 25892 25 K
Sep 23 - Dow drops 400 points, breaks below 30,000 on fear the Fed is overdoing it
 

 
Stocks slumped on Friday and were on pace for another losing week as investors feared the Federal Reserve’s aggressive hiking campaign to f*ght inflation will lead to an economic downturn.

The Dow Jones Industrial Average fell by 408 points, or 1.36%, while the S&P 500 slid 1.7%. The Nasdaq Composite lost 2%.

Friday marked the fourth negative session in a row for the major averages, with the Dow falling below its June closing low and the 30,000 mark. The Fed on Wednesday enacted another super-sized rate hike of 75 basis points and indicated it would do another at its November meeting.

Bond yields have soared this week following the Fed’s actions, with the 2-year and 10-year Treasury rates hitting highs not seen in over a decade.

Goldman Sachs cut its year-end S&P 500 target because of rising rates, predicting at least 4% downside from here.

Stocks positioned to suffer the most in a recession have led this week’s losses with the S&P 500′s consumer discretionary sector off by 7%. Energy is down more than 8% as oil prices slump. Growth stocks including big technology names Apple, Amazon, Microsoft and Meta Platforms fell on Friday.

“Based on our client discussions, a majority of equity investors have adopted the view that a hard landing scenario is inevitable and their focus is on the timing, magnitude, and duration of a potential recession and investment strategies for that outlook,” wrote Goldman Sachs’ David Kostin in a note to clients.

The major averages are on pace for their fifth decline in the last six weeks and on track to close out the week with losses. The Dow has given up about 3.5% this week, while both the S&P and Nasdaq have fallen 4.4% and 4.6%, respectively.

In other news, the pound hit a fresh more than three-decade low against the U.S. dollar after a new U.K. economic plan that included a slew of tax cuts rattled markets.

visit this link https://www.cnbc.com/2022 .. sell-offs.html
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90 comments
 

 3 days ago '22        #2
EarthMover 
Props total: 457 457  Slaps total: 55 55
My sh*t is all red. Not sure if I should buy the dip now or hold on to cash and wait.
+6   

 3 days ago '11        #3
Sin  topics gone triple plat - Number 1 spot x53 OP
Props total: 192810 192 K  Slaps total: 25892 25 K
 EarthMover said
My sh*t is all red. Not sure if I should buy the dip now or hold on to cash and wait.
buy SQQQ and SPSX
+5   

 3 days ago '22        #4
EarthMover 
Props total: 457 457  Slaps total: 55 55
 Sin said
buy SQQQ and SPSX
Is SQQQ a treasury index?
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 3 days ago '11        #5
Sin  topics gone triple plat - Number 1 spot x53 OP
Props total: 192810 192 K  Slaps total: 25892 25 K
 EarthMover said
Is SQQQ a treasury index?
its a triple leveraged inverse QQQ

when the nasdaq goes down it goes up and when the nasdaq goes up it goes down

trade it don't invest it
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 3 days ago '17        #6
Lazy  topics gone triple plat - Number 1 spot x2
Props total: 44623 44 K  Slaps total: 6188 6 K
The word slumped is hilarious to me

 3 days ago '05        #7
pnoi89  topics gone triple plat - Number 1 spot x7
Props total: 34044 34 K  Slaps total: 3506 3 K
Beautiful. Perfect timing for the usual “pay yourself” routine.
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 2 days ago '09        #8
messy marv stan  topics gone triple plat - Number 1 spot x89
Props total: 275571 275 K  Slaps total: 29577 29 K
the federal reserve creature created the problem by printing tens of trillions for wall street


now there slapping rate hikes without admitting the cartel fu*ked up
+10   

 2 days ago '21        #9
SeeNoEvil  topics gone triple plat - Number 1 spot x2
Props total: 3882 3 K  Slaps total: 467 467
Im waiting to buy the dip but sheesh this getting spooky.


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 2 days ago '11        #10
Sin  topics gone triple plat - Number 1 spot x53 OP
Props total: 192810 192 K  Slaps total: 25892 25 K
 SeeNoEvil said
Im waiting to buy the dip but sheesh this getting spooky.



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 2 days ago '22        #11
Booda Sack  topics gone triple plat - Number 1 spot x2
Props total: 11000 11 K  Slaps total: 6769 6 K
 Lazy said
The word slumped is hilarious to me
Because you a broke boy who owns nothing
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Top 10 most slapped recently  2 days ago '07        #12
theFREAK  topics gone triple plat - Number 1 spot x296
Props total: 215272 215 K  Slaps total: 35275 35 K

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 2 days ago '11        #13
Sin  topics gone triple plat - Number 1 spot x53 OP
Props total: 192810 192 K  Slaps total: 25892 25 K
 theFREAK said

the blame for this should be spread evenly, a lot of politicians voted yes
+7   

 2 days ago '18        #14
BrooklynDamien  topics gone triple plat - Number 1 spot x2
Props total: 76468 76 K  Slaps total: 4937 4 K

we are now at the June low. How do y'all feel? I saw the words spooky, unsure. That's good. That's what the fed wants. They want you to stop buying sh*t lol its the only way prices will go down.

Thing about the market is when it gets one-sided those dude usually gets trapped and shook a bit to try to shake them out of their position. Bears are in position now. Put options are being bought way more than calls.

Don't get trapped. And the blame should be on the fed. Just rip the fu*king bandaid off and let the sh*t happen. Guess that'll come after the elections... but the sooner is done the sooner we can recover. It has to be done.
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 2 days ago '12        #15
OldBusiness  topics gone triple plat - Number 1 spot x4
Props total: 212301 212 K  Slaps total: 12296 12 K
@ you get your wet dream fulfilled, you get to see America fail
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 2 days ago '05        #16
blah blah blah  topics gone triple plat - Number 1 spot x53
Props total: 114712 114 K  Slaps total: 89731 89 K
Sold my spy put too early it’s up over 100% now
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 2 days ago '17        #17
DavidTheMan  topics gone triple plat - Number 1 spot x1
Props total: 33257 33 K  Slaps total: 18845 18 K
Its going to keep on dropping unless the fed gets aggressive and serious about inflation.

until we get the bottom from interest hikes or removing money from circulation, its just delaying the self correction.

Keynesian economics is a dead end, Hayek, Mises, and Rothbard told us all we need to know about this cycle and why it happens and continues to occur and how to avoid it.

Politicians don't care

 2 days ago '22        #18
EarthMover 
Props total: 457 457  Slaps total: 55 55
So are we buying the dip or holding on to cash til the market bottoms out?
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 2 days ago '11        #19
Sin  topics gone triple plat - Number 1 spot x53 OP
Props total: 192810 192 K  Slaps total: 25892 25 K
 OldBusiness said
@ you get your wet dream fulfilled, you get to see America fail
this isn't a failure of America when unemployment is at an all-time low lol

this only effecting stock market so far

 2 days ago '11        #20
Sin  topics gone triple plat - Number 1 spot x53 OP
Props total: 192810 192 K  Slaps total: 25892 25 K
 EarthMover said
So are we buying the dip or holding on to cash til the market bottoms out?
where is the bottom?

will the market reset to December 2019 numbers before the covid stimulus money propped the market
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 2 days ago '10        #21
datguyjr 
Props total: 7327 7 K  Slaps total: 1129 1 K
Buy Puts
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 2 days ago '22        #22
Pushin P  topics gone triple plat - Number 1 spot x1
Props total: 3330 3 K  Slaps total: 1928 1 K
Bidens america
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 2 days ago '18        #23
BlackjesuS  topics gone triple plat - Number 1 spot x1
Props total: 16715 16 K  Slaps total: 3195 3 K
Hodl?


 2 days ago '17        #24
Ifeellikekobe  topics gone triple plat - Number 1 spot x8
Props total: 87759 87 K  Slaps total: 7419 7 K
Only down $17 for the day....and $80 for the month


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 2 days ago '17        #25
Lazy  topics gone triple plat - Number 1 spot x2
Props total: 44623 44 K  Slaps total: 6188 6 K
 EarthMover said
So are we buying the dip or holding on to cash til the market bottoms out?
Depends

Might be a good time for cheap calls

However I would buy puts expiring between October 7 and 14

Might be some action in Taiwan that spooks the market during that time
+1   



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