Stock market news lives updates: Stocks fall, S&P 500 heads for worst first half in 52 years

[highroller]

none of this is true

Doesn’t matter. He feels it is and therefore that makes it true

 

[uptower]

Worst first half year in let’s say 50 years or so.

Look around, the whole world's in the shit. No such thing as a way to make America alone immune.

 

[VySky]

Look around, the whole world's in the shit. No such thing as a way to make America alone immune.

We are in worse chit than the other g7 countries. America in #1 with inflation 8.3% vs say Japan @2.5%.

 

[bave]

We are in worse chit than the other g7 countries. America in #1 with inflation 8.3% vs say Japan @2.5%.

That's not accurate.

The EU is in way worse shape across the board. Inflation, GDP performance, wages, etc.

 

[VySky]

That's not accurate.

The EU is in way worse shape across the board. Inflation, GDP performance, wages, etc.

Not true. Both France and Germany have lower inflation rates.

 

[MrNiceGuy]

I knew the stock market was struggling, but I didn't realize it was the worst first half in 52 years!

"Amid the myriad concerns facing markets as of late, stocks are on track to close out the worst first half of a year in decades. Based on Wednesday's closing prices, the S&P 500 is set to post a 19.9% decline for the first six months of the year — its worst performance since 1970. For the month of June alone, the index is on track to slide by 7.6%."

Stocks slide to close worst first half in 52 years: S&P 500 plunges 20.6% YTD, 8.4% in June

US stocks tumbled on Thursday, with the major averages on track to post steep declines for the month of June and first half of 2022 as concerns over heightened inflation and the prospects of a recession weighed on risk assets.

finance.yahoo.com

Yes, indeed.

This Administration is failing big-time. The Biden Administration is hurting people where they live, the prices at the supermarket, at the pump, now the housing market with interest rates going up and up, stock market crashed gutting people's retirement plans, and Biden keeps pumping 10s of billions of dollars into Ukraine and other boondoggles, he wants to wast billions on enriching his solar panel pals, and he doesn't do shit about Covid now -- as if he solved it, or something, and cases are still high. His pals in the press cover it up for him, though.

 

[bave]

Not true. Both France and Germany have lower inflation rates.

EU as a whole.

 

[MrNiceGuy]

That's not accurate.

The EU is in way worse shape across the board. Inflation, GDP performance, wages, etc.

Well, Biden is doing his best to give us European style inflation and gas prices, as well as taxes and to otherwise impoverish the American people.

 

[MrNiceGuy]

EU as a whole.

So what?

 

[MrNiceGuy]

When we run out of the SPR later this year, shits going to get real.

Democrats should be as evil as republicans for once at deplete our resources. I'm ready to watch the world burn.

Good governance is for suckers. **** the other guy.

"for once?"

Lol - it's cute you think the Democrats are the good guys. oy, it is to laugh...

 

[Torus34]

Well, Biden is doing his best to give us European style inflation and gas prices, as well as taxes and to otherwise impoverish the American people.

Hi, MrNiceGuy.

Yup! I'm sure that President Joseph Biden wakes up each morning and the first thought he has is, "Let's see how we can stick it to the American public!" Not.

Regards, stay safe 'n well 'n remember the Big 5.

 

[MrNiceGuy]

Hi, MrNiceGuy.

Yup! I'm sure that President Joseph Biden wakes up each morning and the first thought he has is, "Let's see how we can stick it to the American public!" Not.

Regards, stay safe 'n well 'n remember the Big 5.

He's not thinking anything much. It's his handlers. It's the Modern Monetary Theorists and the Green New Dealer folks who are driving this administration's economic plans. Biden's comments are ridiculous, like when he says that printing more money and excessive spending is not going cause more inflation. The friggin' ran his campaign declaring that we were not paying enough for gasoline, and that he wanted to end the fossil fuel industry, and he's tried to keep his promise. This is what the left has wanted for decades now - they think we're not paying enough for gas, and if we pay more, we'll switch to "renewable energy." They don't care how bad they **** us up economically, because those folks have declared that they are saving the world.

Why would Biden impose $201 billion in regulatory burdens on American business right when we were trying to recover from the Covid pandemic? Because he thought that would help the economy? Nobody thought it would help the economy. He's not that stupid. His handlers, however, are pushing us Leftward, and they like the regulatory state, and they don't care about the burden.

Also look at immigration. He could **** that up more if he tried. It's because his handlers WANT the flood of illegal immigrants across the border. It's what leftists want. They deny there is even a problem. Ludicrous.

 

[Torus34]

He's not thinking anything much. It's his handlers. It's the Modern Monetary Theorists and the Green New Dealer folks who are driving this administration's economic plans. Biden's comments are ridiculous, like when he says that printing more money and excessive spending is not going cause more inflation. The friggin' ran his campaign declaring that we were not paying enough for gasoline, and that he wanted to end the fossil fuel industry, and he's tried to keep his promise. This is what the left has wanted for decades now - they think we're not paying enough for gas, and if we pay more, we'll switch to "renewable energy." They don't care how bad they **** us up economically, because those folks have declared that they are saving the world.

Why would Biden impose $201 billion in regulatory burdens on American business right when we were trying to recover from the Covid pandemic? Because he thought that would help the economy? Nobody thought it would help the economy. He's not that stupid. His handlers, however, are pushing us Leftward, and they like the regulatory state, and they don't care about the burden.

Also look at immigration. He could **** that up more if he tried. It's because his handlers WANT the flood of illegal immigrants across the border. It's what leftists want. They deny there is even a problem. Ludicrous.

Hi again, MrNiceGuy.

Let's see where your opinion leads us.

What do his [President Joseph Biden's] handlers have to gain from attempting to destroy the United States of America?

Regards, stay safe 'n well.

 

[highroller]

"for once?"

Lol - it's cute you think the Democrats are the good guys. oy, it is to laugh...

I don’t know if they’re “good”guys, but I do know the Republicans are evil.

 

[MrNiceGuy]

Hi again, MrNiceGuy.

Let's see where your opinion leads us.

What do his [President Joseph Biden's] handlers have to gain from attempting to destroy the United States of America?

Regards, stay safe 'n well.

Power.

After all, the Left in the US has said that the US is patriarchal, racist, homophobic, transphobic, and systemically oppressive - it was founded upon and built on the backs of brown people - and its "systems" - all of them -- are steeped in whiteness which is a western colonialist set of concepts. That's why, the Progressive Left says out loud, it all must be dismantled and disrupted. Philosophically, that's what the Left believes. They say so, repeatedly.

Also, they don't look at as bad destruction. They think the US deserves to be destroyed and remade, and it should be remade along Marxist lines - along socialist lines. The Left in the US has embraced socialism, and even those who don't seriously think we can become socialist soon still operate as if it would be a good idea, and they wat to work incrementally to get there.

This is a group that thinks capitalism is "racist" and that it's fundamentally wrong. It's part of that western colonial whiteness that must be dismantled.

And by doing so, they aren't twirling their mustaches and gleefully reveling in destruction. No. They are worse trouble than that. They see themselves as do gooders, they see themselves as actually helping when they do this. They think $5 a gallon gas isn't expensive enough, because if it can get to $8 a gallon THEN we will move to renewable energies. They don't really have a problem with peole losing retirement funds and such, because they already think that retirement savings is unfairly skewed to the rich. They don't care about inflation, because they, under Modern Monetary Theory, think you can just keep printing more money. And, they literally want to have minimum basic income printed monthly and doled out.

They think all that is good. They left in the US wants that. What don't they want, if you disagree?

Do they not accept modern monetary theory?
Has Biden not said that spending more trillions will not raise inflation?
Have Democrats and others on the left not said we SHOULD be paying European prices for gasoline?
Do they not want to dismantle and disrupt capitalism? Isn't capitalism racist?
What about whiteness? Don't the Progressives want that dismantled?
Why would Biden not secure the border?
Why would Biden raise taxes, lower tariffs on Chinese goods, and increase regulatory burden by $201 billion while we come out of a pandemic?
Why bar drilling in the arctic or offshore (when the Norwegians get to drill like no tomorrow in the north atlantic?)
Why pledge to destroy the fossil fuel industry?

Don't they mean what they say?

 

[MrNiceGuy]

I don’t know if they’re “good”guys, but I do know the Republicans are evil.

The fact that you think there is a difference in the Establishment of either party is hilarious.

 

[Channe79]

Did what ... boot trump's fat criminal ass out of the White House?

LOL you're so triggered it's hilarious. Stop deflecting from the failure that is your "president' Biden. He's a one term joke and the country was hoodwinked into voting for him. You will forever have the shame of voting for this confused old clown for president.

 

[ALiberalModerate]

Tell that to people who have lost lots of money in their 401K accounts.

We have lost a lot of money in our 401k in the last 6 months, but unless you are near retirement, that should not be a concern to people as all you are doing right now is buying cheaper stock which will increase your future gains once the market rebounds. Dollar Cost Averaging.

 

[Bucky]

I knew the stock market was struggling, but I didn't realize it was the worst first half in 52 years!

"Amid the myriad concerns facing markets as of late, stocks are on track to close out the worst first half of a year in decades. Based on Wednesday's closing prices, the S&P 500 is set to post a 19.9% decline for the first six months of the year — its worst performance since 1970. For the month of June alone, the index is on track to slide by 7.6%."

Stocks slide to close worst first half in 52 years: S&P 500 plunges 20.6% YTD, 8.4% in June

US stocks tumbled on Thursday, with the major averages on track to post steep declines for the month of June and first half of 2022 as concerns over heightened inflation and the prospects of a recession weighed on risk assets.

finance.yahoo.com

The fed just needs a reason to lower rates.

Going into an election year, once Jerome Powell lower rates, the stock market could....

 

[VanceMack]

There was a strong push to privatize it under bush 45,

There was a push to allow individuals to choose to invest a small prtion of their SS in private funds similar to the government TSP. There was never a push to fully privatize anything.

The tragic reality is that far too many people dont have a retirement plan beyond SS.

 

[ALiberalModerate]

The fact that you think there is a difference in the Establishment of either party is hilarious.

Had Gore been president in 2001 and Hillary won in 2016, do you honestly think we would have the same Supreme Court we have today? Do you honestly think we would have gone to war in Iraq?

My point is that of course there are differences between the parties.

 

[Torus34]

Power.

After all, the Left in the US has said that the US is patriarchal, racist, homophobic, transphobic, and systemically oppressive - it was founded upon and built on the backs of brown people - and its "systems" - all of them -- are steeped in whiteness which is a western colonialist set of concepts. That's why, the Progressive Left says out loud, it all must be dismantled and disrupted. Philosophically, that's what the Left believes. They say so, repeatedly.

Also, they don't look at as bad destruction. They think the US deserves to be destroyed and remade, and it should be remade along Marxist lines - along socialist lines. The Left in the US has embraced socialism, and even those who don't seriously think we can become socialist soon still operate as if it would be a good idea, and they wat to work incrementally to get there.

This is a group that thinks capitalism is "racist" and that it's fundamentally wrong. It's part of that western colonial whiteness that must be dismantled.

And by doing so, they aren't twirling their mustaches and gleefully reveling in destruction. No. They are worse trouble than that. They see themselves as do gooders, they see themselves as actually helping when they do this. They think $5 a gallon gas isn't expensive enough, because if it can get to $8 a gallon THEN we will move to renewable energies. They don't really have a problem with peole losing retirement funds and such, because they already think that retirement savings is unfairly skewed to the rich. They don't care about inflation, because they, under Modern Monetary Theory, think you can just keep printing more money. And, they literally want to have minimum basic income printed monthly and doled out.

They think all that is good. They left in the US wants that. What don't they want, if you disagree?

Do they not accept modern monetary theory?
Has Biden not said that spending more trillions will not raise inflation?
Have Democrats and others on the left not said we SHOULD be paying European prices for gasoline?
Do they not want to dismantle and disrupt capitalism? Isn't capitalism racist?
What about whiteness? Don't the Progressives want that dismantled?
Why would Biden not secure the border?
Why would Biden raise taxes, lower tariffs on Chinese goods, and increase regulatory burden by $201 billion while we come out of a pandemic?
Why bar drilling in the arctic or offshore (when the Norwegians get to drill like no tomorrow in the north atlantic?)
Why pledge to destroy the fossil fuel industry?

Don't they mean what they say?

Hi again.

I'm not concerned with what 'the left' says nor, for that matter, what 'the right' says.

Let's continue with 'power.

How can that power be exercised if the US is destroyed? Do the president's handlers get together and formulate a plan?

Regards, stay safe 'n well.

 

[VanceMack]

We have lost a lot of money in our 401k in the last 6 months, but unless you are near retirement, that should not be a concern to people as all you are doing right now is buying cheaper stock which will increase your future gains once the market rebounds. Dollar Cost Averaging.

If you are buying cheaper stock in a falling market, you are losing money and it will take a lot longer just to break even. You are much better off keeping money in a more secure and stable investment plan until there is a reasonable expectation for growth, then buy low with a LOT more.

 

[VanceMack]

Had Gore been president in 2001 and Hillary won in 2016, do you honestly think we would have the same Supreme Court we have today? Do you honestly think we would have gone to war in Iraq?

My point is that of course there are differences between the parties.

Since Gore, HRC, and every democrat ALL said the exact same things about Saddam and terrorism, why would you think they also would not have gone to war?

 

[Channe79]

Look around, the whole world's in the shit. No such thing as a way to make America alone immune.

Don't make excuses for your failed president.
Live with the shame of having supported this old clown.