and of course there goes the DOW......down, down, down, anyone know why??

[a kennedy]

[brooklynite]

1. Rate hike mention by Powell

[Eliot Rosewater]

2. People panicking, selling.

Just met with broker yesterday, he says by the end of the year we should gain back the WHOPPING 15% we have lost in the past 6 months, but I think November the whole shebang is gonna go to hell and it wont matter.

I did NOT pull our money out because we have lost so much, and am betting on the future yet based on my comments here, that makes no sense at all.

Corps raised prices because they could...some of it is production being down due to pandemic but most of it is simple as to USA:

if a pandemic attacks your citizenry and starts killing people and your government refuses to act at all as was the case with COVID and trump for almost 3 years, you're going to have a disaster that requires that you hand people money and when we did that we added to the problem with inflation, nothing that is going wrong is something president Biden or the Democratic Party can fix short term or are responsible for.

We will get the blame, of course.

There is worldwide inflation.

[Hugin]

6. Inflation was also baked into the tax cuts Moscow Mitch passed and TFG signed.

According to the CBO, prior to their passage.

[Eliot Rosewater]

10. Thanks for reminding us of that. It sure was.

here is how simple this is, there is not a single NUMBER or stat whether economics or otherwise that this Prez has influence over that has not IMPROVED since traitor was in office.

The Covid numbers alone, my god! Americans dont know this though and we will pay the price for that.

[In It to Win It]

16. State tax cuts by GOP-controlled legislatures and GOP governors when they recieved COVID stimulus

also did not help to ease inflation.

[Hugin]

17. True. n/t

[elleng]

3. 'Sure'

'.. After the March Federal Open Market Committee meeting, Fed Chair Jerome Powell said the labor market was “tight to an unhealthy level.” Specifically, he noted that at the time there were 1.7 job openings for every unemployed person. He argued that this extraordinary demand for labor has fueled significant wage inflation, which in turn has helped spur inflation across the economy.

(graph: Job postings on Indeed are falling, which is presented as good news)

It’s still early days in the Fed’s tightening effort. But so far, we’re getting early indications that job openings can indeed decline without forcing unemployment significantly higher.

If this trend is confirmed and it continues, then the Fed thinks we should begin to see wage growth slow down, which in turn should cause broad inflation reading to cool. We shall see.'

https://www.democraticunderground.com/111693083

[BSdetect]

4. Manipulation by hedge funds and others?

[iemanja]

5. Stocks plunge as investors prepare for ramp up on interest rate hike

U.S. stocks plummeted Friday afternoon as investors weighed a bevy of corporate earnings and braced for more aggressive monetary tightening by the Federal Reserve in coming months.

The S&P 500 plunged 2.5%, while the Dow Jones Industrial Average wiped out 860 points, on pace for its worst day of the year if losses extend into the close. The tech-heavy Nasdaq Composite tumbled 2.2%. Meanwhile, the 10-year U.S. Treasury yield remained at 2.9%, the highest level since December 2018.

"Markets are very uneasy about the growing likelihood of a policy error by the Federal Reserve," Harris Financial Group Managing Partner Jamie Cox said in a note. "When a Fed official suggests a 50 basis points hike, markets immediately start trying to price in 75 basis point hikes — it's madness really."

The losses follow remarks from Fed Chair Jerome Powell at a panel hosted by the International Monetary Fund Thursday signaling a 50-basis point rate increase was “on the table” for May, when the U.S. central bank holds its next policy-setting meeting. The Fed chair also reiterated that policymakers were committed to “front-end loading” inflation-fighting efforts.

https://finance.yahoo.com/news/stock-market-news-live-updates-april-22-2022-225944643.html

The Dow and S&P are not at -2.15%

[Emile]

7. Oh some expert will come out shortly and blow smoke out his ass

to cover up what's really going on.

[PSPS]

8. Moving money to bonds

[FSogol]

9. Bonds are a big mistake when inflation is high. n/t

[PSPS]

11. T-bills are up almost 50 basis points.

[bif]

12. I can't even look!

But I'm hanging in there. Not going to panic sell.

[bluecollar2]

13. Surf's up

It's Friday.

I'm just going to take a deep breath and a nap.

[doc03]

14. Buy buy buy. nt

[GoodRaisin]

15. So it will go up up up next week?

I mean, who knows? But it’s as good a bet as any. Today, more sellers than buyers.