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The U.S. stock market collapse that should have been allowed to take place yesterday happens today (Dow down 600+ points)
Posted By: NaturalWisdom Date: Wednesday, 13-Jan-2021 05:52:19
www.rumormill.news/109988
In Response To: Peter Schiff: The Dollar And American Standard Of Living Will Be ‘Biggest Casualties’ (RumorMail)
Yesterday, the Dow was off over 500 points at one point before the cavalry (PPT) came in to prop up the market before the close. They are probably banking on a steadily declining stock market to be the final nail in the coffin to propel the Dems (commie-critters) in the mid-term elections.
Stock Rout Erases 2018 Gains for S&P, Dow Indexes: Markets Wrap
By Vildana Hajric and Sarah Ponczek
Bloomberg
Oct 24, 2018
Click here
The sell-off in U.S. stocks accelerated, wiping out gains for the year in both the S&P 500 Index and the Dow Jones Industrial Average, as mixed corporate earnings and weak housing data fueled anxiety that rising prices will crimp economic growth. Treasuries rallied for a second day on demand for haven assets.
The S&P extended its October rout to 8.8 percent, making it the worst month since February 2009. Disappointing earnings from AT&T and Texas Instruments drove declines in the communications and semiconductor groups, offsetting a promising outlook from Boeing. The Dow tumbled 600 points, and the Nasdaq Composite Index lapsed into a correction from it’s record closing high in August.
Amid the flood of earnings that will bring reports from Alphabet, Intel and Amazon.com on Thursday, economic data continues to underwhelm, particularly on the rate-sensitive housing front. New home sales sank again, sending battered homebuilders lower. (The following is just an excuse) Fragile market sentiment is also working through reports that potential bombs were sent to two former U.S. presidents and the New York headquarters of CNN.
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Articles In This Thread
- Peter Schiff: The Dollar And American Standard Of Living Will Be ‘Biggest Casualties’
RumorMail -- Wednesday, 13-Jan-2021 05:52:19
- The U.S. stock market collapse that should have been allowed to take place yesterday happens today (Dow down 600+ points)
NaturalWisdom -- Wednesday, 13-Jan-2021 05:52:19
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