Down down 8% in Sept, 3 Qs of declines for all 3 indexes, still no "recession"

4,910 Views | 64 Replies | Last: 1 yr ago by strbrst777
C@LAg
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  • Wall Street ended September, and the third quarter, on a down note Friday
  • Dow lost 500 points in the session, extending September's losses to 8.8%
  • The S&P 500 and Nasdaq composite both fell 1.5% in Friday's session
  • For first time since 2008, all three indexes lost for three straight quarters

Wall Street ended Friday -- the final day of the month and the quarter -- on another down note, with the main stock indexes posting their third straight quarterly loss for the first time since the Great Recession.

The Dow Jones Industrial Average dropped 500 points for a loss of 1.7 percent on the day, marking a decline of 8.8 percent for the month of September, 6.6 percent for the quarter, and 21 percent since the start of the year.

The market's dismal recent performance follows historically high inflation, rapidly rising interest rates, and fears that the economy could soon crash into a sharp downturn with massive layoffs and soaring unemployment.

In the first nine months of 2022, Wall Street suffered three quarterly declines in a row, the longest losing streak for the S&P 500 and the Nasdaq since 2008, and the Dow's longest quarterly slump in seven years.
jefe95
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AG
Let's go Brandon.

Sorry. Sack. Of. *****
LMCane
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one has to give a lot of credit to the leftists in control of the country to manipulate the economic figures -

they have been able to postpone the final crash and recession until late November, 3 weeks after the election.
Ag87H2O
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AG
It was all so utterly predictable. All one had to do was listen to what Biden and really all the Democrat candidates were espousing, and have a minimal intelligence, to understand what their policies would generate. Shunning Trump because of his personality and/or tweets is one of the most self defeating, cut off your nose to spite your face actions I have ever seen. Despite the warnings being shouted from the rooftops, the TDS was too much for the emotionally weak to overcome, and now our country suffers for it.

It reminds me of a scene from Band of Brothers where the American troops are trying to clear a path through a German held town for a British tank column. A couple of the Americans spot a Panzer hidden behind a building just waiting to ambush the British tanks as they roll by. An American soldier runs down the street to the advancing tank column and hops on the British tank and tells the commander to shoot through the building to hit the hidden German tank. The British commander says he has orders only to shoot what he can actually see. The American pleads with him to shoot but the commander insists he can't shoot at what he bloody well can't see. The American soldier says well, you're about to see him real good, jumps off the tank, and as the column proceeds, by the time the British tank can see the enemy the German tank unloads on them.

TLDR - we tried to warn them, they didn't listen, and now we all reap the whirlwind.
titan
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S
Ag87H2O said:

It was all so utterly predictable. All one had to do was listen to what Biden and really all the Democrat candidates were espousing, and have a minimal intelligence, to understand what their policies would generate. Shunning Trump because of his personality and/or tweets is one of the most self defeating, cut off your nose to spite your face actions I have ever seen. Despite the warnings being shouted from the rooftops, the TDS was too much for the emotionally weak to overcome, and now our country suffers for it.

It reminds me of a scene from Band of Brothers where the American troops are trying to clear a path through a German held town for a British tank column. A couple of the Americans spot a Panzer hidden behind a building just waiting to ambush the British tanks as they roll by. An American soldier runs down the street to the advancing tank column and hops on the British tank and tells the commander to shoot through the building to hit the hidden German tank. The British commander says he has orders only to shoot what he can actually see. The American pleads with him to shoot but the commander insists he can't shoot at what he bloody well can't see. The American soldier says well, you're about to see him real good, jumps off the tank, and as the column proceeds, by the time the British tank can see the enemy the German tank unloads on them.

TLDR - we tried to warn them, they didn't listen, and now we all reap the whirlwind.
So true. Similar to italics is unfolding about the support for Beto. They don't learn. They have no excuse, its obvious what putting Biden in charge would do, and Manchin has shown no Dem can break ranks and hold that so there is no evading this fact.
PCC_80
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AG
It is a religion to Dems/Libs. They will march off a cliff if Brandon tells them to.

They absolutely despised Trump and purposefully undid everything that Trump had put in place. It did not matter if what Trump did was just simple common sense and was working. They **** canned the whole thing and did not care how badly things became. It is complete stupidity and insanity.
AGHouston11
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AG
At least he has the military ready to win a drag queen contest should one arise……..
titan
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S
PCC_80 said:

It is a religion to Dems/Libs. They will march off a cliff if Brandon tells them to.

They absolutely despised Trump and purposefully undid everything that Trump had put in place. It did not matter if what Trump did was just simple common sense and was working. They **** canned the whole thing and did not care how badly things became. It is complete stupidity and insanity.
Highest among that spiteful **** canning was the incredible and historic work of President Reagan and Premier Gorbachev in winding down the Cold War to avoid nuclear disaster. Something this buffoon at present and his greedy cabal are glibly endangering. Another was ignoring all the Mideast treaty work, and turning around and promptly starting to build up Iran again.
DallasAg 94
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Gunny456
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AG
YouBet
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AG
The nonstop messaging of being on the verge of a recession but we aren't yet is the most ridiculous gaslighting.

It's absolutely a slow play to shift blame to republicans post election. Never has been anything so obvious.
C@LAg
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YouBet said:

The nonstop messaging of being on the verge of a recession but we aren't yet is the most ridiculous gaslighting.

It's absolutely a slow play to shift blame to republicans post election. Never has been anything so obvious.
their gaslighting is the only gas that is currently cheap.
Bobaloo
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So pissed off…
Owlagdad
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AGHouston11 said:

At least he has the military ready to win a drag queen contest should one arise……..
Waiting for step off in the Quad... "should he/she wear pumps or glossy oxfords?"
strbrst777
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Biden, Janet Yellen and jerome Powell. These three had had big hands in getting us into the inflation mess; and we are to have confidence that they will get us out? Depending on demographic and geographic groupings, inflation is not 9 percent for many. One measurement does not fit all.
oldcrow91
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AG
Just wait until October.
Tom_Fox
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strbrst777 said:

Biden, Janet Yellen and jerome Powell. These three had had big hands in getting us into the inflation mess; and we are to have confidence that they will get us out? Depending on demographic and geographic groupings, inflation is not 9 percent for many. One measurement does not fit all.
What demographic is able to avoid inflation?
JohnLA762
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AG
"C'mon man. The markets go down and then up. Sometimes they go up then down. The markets this month have been flat. Any reasonable person can see this is just normal flatulation."

-Corn Pop
TheCurl84
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AG
Yes, but NO MEAN TWEETS!!!
Albatross Necklace
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richardag
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The stock markets and bond markets has lost $6.5-7.0 trillion in value. Those numbers would put it in about 3rd or 4th place in the top 20 country's GDP.

Congratulations President Biden in the massive destruction of wealth in the shortest time since ,,,…!,,! well forever.
Those who don’t know history are doomed to repeat it.
Edmund Burke
Robert L. Peters
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And dont forget...inflation at the same time
BigRobSA
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TexAgs91
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AG
Huh? There's been a recession since we've been declining for two quarters. The idiot who puts the country in a recession doesn't get to redefine it as soon as he puts the country in a recession.
I identify as Ultra-MAGA
Stat Monitor Repairman
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We still building back better, or nah?
Bearpitbull
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Like every party out of power, that party roots for a recession to give themselves a talking point. Same person who leaves a company or a group and roots for them to fail. Hopes ex is unhappy. Human beings man. Weird.

Never root for other folks to sit around some kitchen table somewhere panicking.
angus55
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Bearpitbull said:

Like every party out of power, that party roots for a recession to give themselves a talking point. Same person who leaves a company or a group and roots for them to fail. Hopes ex is unhappy. Human beings man. Weird.

Never root for other folks to sit around some kitchen table somewhere panicking.


It's predictable that we would be in a recession. This is what the policies of the party in power bring. I called it as soon as Biden was elected by the morons. I even called stagflation. Sorry you party is galactically stupid when it comes to economic policy.
We'll win this war, but we'll win it only by fighting and by showing the Germans that we've got more guts than they have, or ever will have. We're not going to just shoot the sons-of-b******, were going to rip out their living G*******d guts and use them to grease the treads of our tanks. We're going to murder those lousy Hun c********** by the bushel-f****** basket. War is a bloody killing business. You've got to spill their blood or they will spill yours. Rip them up the belly. Shot them in the guts.
YouBet
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AG
Bearpitbull said:

Like every party out of power, that party roots for a recession to give themselves a talking point. Same person who leaves a company or a group and roots for them to fail. Hopes ex is unhappy. Human beings man. Weird.

Never root for other folks to sit around some kitchen table somewhere panicking.
No one on the right here is rooting for a recession. I sure as hell wish we weren't because I've lost a lot of wealth because of the Democrats.

We are all commenting that the continued gaslighting that we are not in a recession is asinine.
Manhattan
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The economy was and is in good shape, the stock market is crashing because of the FED, I made a thread about of this and it seems to be what everyone wants so why are you so mad?
ProgN
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I guess they sold 3 teas instead of 2 thus driving up the price.
Manhattan
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Crashing the economy because a bunch of poor people are worried about inflation is insane.
Tom_Fox
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Manhattan said:

Crashing the economy because a bunch of poor people are worried about inflation is insane.


Let them eat cake! Did I say it right?
Manhattan
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Let them recover from the pandemic response before pulling the rug out.
ProgN
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Manhattan said:

Crashing the economy because a bunch of poor people are worried about inflation is insane.
Food inflation increased at 13.5% last month, an all time high. Poor people have to eat so it's not only taking every cent of their disposable income, they are even buying groceries on credit cards which will inevitably collapse. Your party and your vote are responsible for this, own it. You should also refrain from offer economic advice, it's not really an area you're strong at.
YouBet
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AG
Manhattan said:

Crashing the economy because a bunch of poor people are worried about inflation is insane.
Well, user name certainly checks out.
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