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Wow - that loud sound must have been the stock market bouncing magically back (Original Post) NewHendoLib Jan 2022 OP
Possible war? . ... Lovie777 Jan 2022 #1
Dang last I looked it was down 700 nt Shermann Jan 2022 #2
Dow went up over 5% from its daily low SCantiGOP Jan 2022 #4
Good catch and I'm glad you caught the lie and pointed it out. Seems like every time the SWBTATTReg Jan 2022 #11
Holy Cow. lamp_shade Jan 2022 #3
The S&P 500 rallies after touching correction territory, erasing a 4% drop. elleng Jan 2022 #5
Thx! NewHendoLib Jan 2022 #6
In hindsight I'd say today Mr.Bill Jan 2022 #7
In Wall Street lingo I think that's called "testing the support level" nt Shermann Jan 2022 #9
Good Sherman A1 Jan 2022 #8
After a weekend of miraculous comebacks in the NFL... Thunderbeast Jan 2022 #10

SCantiGOP

(13,856 posts)
4. Dow went up over 5% from its daily low
Mon Jan 24, 2022, 05:38 PM
Jan 2022

Some idiot on a forum the other day said that Biden, among his other failures, had overseen “the biggest annual stock market crash since 1929.”
He didn’t respond when I pointed out that all
three major indices were up for the year.

SWBTATTReg

(21,859 posts)
11. Good catch and I'm glad you caught the lie and pointed it out. Seems like every time the
Mon Jan 24, 2022, 06:47 PM
Jan 2022

markets do something negative; people go crazy and all sorts of crap.

The markets have been going up for a very long time, and thus, do go down periodically.

elleng

(130,145 posts)
5. The S&P 500 rallies after touching correction territory, erasing a 4% drop.
Mon Jan 24, 2022, 05:38 PM
Jan 2022

After a day of frenzied trading, Wall Street recovered from its biggest drop in nearly a year, ending with a slight gain after falling nearly 4 percent and touching correction territory.

The S&P 500 gained 0.3 percent, paring its losses since its Jan. 3 record to about 8 percent.

Earlier on Monday, selling seemed to have triggered a new marker of the abrupt shift in investor thinking this month: The index had fallen more than 10 percent from that record. A drop of that scale, called a correction on Wall Street, is an infrequent occurrence. The last time the S&P 500, the U.S. benchmark, was in a correction was March 2020, when a panic over the emerging coronavirus pandemic gripped global markets.

This downdraft came as investors anticipated the Fed will have to raise interest rates quickly this year as it tries to tamp down inflation, which is at its highest level in 40 years. Its main policy interest rate, the federal funds rate, was slashed to near-zero in 2020 as the central bank took extraordinary measures to shore up the economy as it was hit by lockdowns. Those low rates also helped fuel a massive rally in stock prices.

https://www.nytimes.com/live/2022/01/24/business/stock-market-economy-news#us-stock-market-correction-territory

Mr.Bill

(24,104 posts)
7. In hindsight I'd say today
Mon Jan 24, 2022, 05:42 PM
Jan 2022

was an exercise in finding out how low it had to go to get the buyers to rush in. I'm no expert and have no interest in the stock market but that's how it looked to me.

Sherman A1

(38,958 posts)
8. Good
Mon Jan 24, 2022, 05:45 PM
Jan 2022

Happy I’ve been down every day this year so far. Wasn’t sure that there was any other color than red.

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