Politics | Dow officially enters bear market

SuperCourse

I live Here
The Dow Jones Industrial Average officially entered bear market territory on Monday, following a precipitous drop.

The key metric fell 329.60 points on Monday, marking a 1.11% decline, placing the index in bear market territory, per MarketWatch. A bear market is traditionally defined as a 20% decline from a recent high.

On Friday, the Dow Jones plunged below 30,000, effectively erasing all of the stock market's gains since President Joe Biden took office.

The S&P 500 also reached a low point for the year 2022, dropping 1.03% to 3,655.04, while the third major index, the Nasdaq Composite, dropped 0.6% to 10,802.92.

A major index officially plunging into a bear market adds pressure on the Biden administration, which has sought to redefine the formal definition of an economic recession following consecutive quarters of economic decline, the traditional benchmark.

 

SuperCourse

I live Here
According to Seeking Alpha, there have been 28 bear markets since 1928, with an average decline of 35.62%. The average length of time was 289 days, or roughly nine-and-a-half months. If the current bear market follows Seeking Alpha’s formula, it could last until March 2023 or so.

But that might be an optimistic take, based on other bear market formulas. ABC News reported this week that since World War II, bear markets on average have taken 13 months to go from peak to trough and 27 months to get back to breakeven. The S&P 500 index has fallen an average of 33% during bear markets over that time frame. The biggest market value decline since 1945 occurred in the 2007-2009 bear market, when the S&P 500 sank 57%.

 

Northern Flash

Big Boy Toys
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The Dow Jones Industrial Average officially entered bear market territory on Monday, following a precipitous drop.

The key metric fell 329.60 points on Monday, marking a 1.11% decline, placing the index in bear market territory, per MarketWatch. A bear market is traditionally defined as a 20% decline from a recent high.

On Friday, the Dow Jones plunged below 30,000, effectively erasing all of the stock market's gains since President Joe Biden took office.

The S&P 500 also reached a low point for the year 2022, dropping 1.03% to 3,655.04, while the third major index, the Nasdaq Composite, dropped 0.6% to 10,802.92.

A major index officially plunging into a bear market adds pressure on the Biden administration, which has sought to redefine the formal definition of an economic recession following consecutive quarters of economic decline, the traditional benchmark.

"We are seeing stock market drops because we haven't spent enough money as a govt."
----The Biden Administration.

*Because we have some Libtards on here lurking, I'll give them a little heads up about the fact that their outrageous spending and a few other errors is what has caused the inflation and market drops.
 

Northern Flash

Big Boy Toys
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According to Seeking Alpha, there have been 28 bear markets since 1928, with an average decline of 35.62%. The average length of time was 289 days, or roughly nine-and-a-half months. If the current bear market follows Seeking Alpha’s formula, it could last until March 2023 or so.

But that might be an optimistic take, based on other bear market formulas. ABC News reported this week that since World War II, bear markets on average have taken 13 months to go from peak to trough and 27 months to get back to breakeven. The S&P 500 index has fallen an average of 33% during bear markets over that time frame. The biggest market value decline since 1945 occurred in the 2007-2009 bear market, when the S&P 500 sank 57%.

I expect this bear market to last longer than those in the past due to the fact this these idiots are doubling down on their original mistakes that have caused this bear market.
 

Rastus

Semi-Fascist
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Obviously our government is spending money they don’t have and there’s only so many ways to recover it.
Cut spending sure, just take it from your 401k ect, raise taxes or through inflation which makes the amount they owe in effect amount to less.
Inflation is the method that will cause the least brouhaha.

No matter what the commie bastards in government tell us free is never free, someone always takes it in the shorts.
 

Northern Flash

Big Boy Toys
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Had a 2 hour rally today that fizzled into just another down day. Another .5% vaporized today. It's got to hurt. Everything costs more while trillions in wealth are being destroyed. Like I always say, democrats can't do economics.
It was a robust economy and money in our pockets or get rid of the occasion mean tweet. The ignorant chose to get rid of the tweets that they had no obligation to read. The last time I checked, having money, buying food, and buying gasoline wasn't really optional. This is more proof that the average Libtard votes with emotions, not common sense.
 

Northern Flash

Big Boy Toys
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Obviously our government is spending money they don’t have and there’s only so many ways to recover it.
Cut spending sure, just take it from your 401k ect, raise taxes or through inflation which makes the amount they owe in effect amount to less.
Inflation is the method that will cause the least brouhaha.

No matter what the commie bastards in government tell us free is never free, someone always takes it in the shorts.
Yep. These Democrat puppet masters don't like using the bad optics of straight up raising taxes on us, so they penetrate our backside via inflation.
FJB
 

Northern Flash

Big Boy Toys
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People with 401k’s are getting hammered twice, due to the commie democrats idiotic policies the amount is going down and what’s left is worth much less.
Around 8% less this year alone.
Our 401Ks are in free-fall and our budget has blown all to hell because literally everything's price has skyrocketed due to this inflation. Most of us are hemorrhaging money and the bleeding needs to stop. But it won't while these Commies are in office.
Most of us are getting hit from both sides.
FJB
 
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