As your 401k evaporates, remember, this BEFORE Israel and Iran start trading missiles - this drop was just based on the bad economic data. I am so happy that Biden had the foresight to sell off the strategic oil reserve to its lowest level in 40 years so we can whether the jump in oil prices without destroying the economy...oh, wait.

"---- off you stupid ----.
#2 | Posted by LegallyYourDead"

Why are you so angry? You don't have 2 nickels to rub together so this had no impact on you while hurting rich people. You should be dancing in the streets.

I should also note - assuming the crash ends today, Biden has returned effectively 0% on the Dow Jones after inflation. A truly historic presidency. However, I think it is much more likely that we will sink below today's level by election day as Bidenomics continues to destroy the nation giving him a negative return after inflation.

"#6 | Posted by reinheitsgebot"

Yes, the huge stock market returns and real wage growth did not occur under Trump which is why Biden's economy is seen so favorably now - right jackass?

""has returned effectively 0%"
WTF are you talking about, --------?
On Jan 21,2021 the Dow Jones was at 31,188.38.
Dow today 38,703.27"

Are being intentionally dishonest or is this just a result of your low IQ because when you removed AFTER INFLATION from my post to try to get some win as those are the only 2 explanations?

Here is my post: "Biden has returned effectively 0% on the Dow Jones after inflation"

And given your prior misunderstanding, I will help you with the math: 31,188.38 to 38,703.27 = 24% return, which is roughly inline with the officially stated inflation and WAY LESS than inflation under the more accurate old formula - which was changed to screw over SS retirees.

So, my statement is FACTCHECKED 100% TRUE -------. Wise up or stop lying - whichever it was that made you make your last libturd post.

"Clodio had all his money in Hertz; a big piece of their Elec Car fleet purchase from fElon.
100,000 cars they are sitting on. And it hurts him badly.
#9 | Posted by Corky"

I am not dumb enough to buy a full electric car like you libturds are - and are now trying to ban ICE vehicles so we can all look as equally stupid in the future.

If I were forced to buy an hybrid EV, I would buy the RAV4 plug-in hybrid as I posted on here previously. If I was forced to buy a full electric, I would buy a Tesla.

But, as it stands, I drive a gas powered Mercedes with no plans to switch. I am doing my part to keep the next ice age at bay.

"I dropped ~2%. Not enough to warrant any action except to pick up a few nicely priced items while they are on sale.
#13 | Posted by YAV"

Translation: I got bent over a barrel but have not learned my lesson of trying to catch a falling knife yet.

"But I think we're (US) in decent shape. Intel is ------, but otherwise chip makers will continue to see growth.
#15 | Posted by horstngraben"

You are making 2 wrong assumptions. US is not in good shape and even the government can't lie to hide the numbers any longer - we will see unemployment tick up every month from here on out. That was the initial cause of panic crash. Second, all chip makers are gonna get hit like in the dotcom collapse. If Bitcoin continues dropping, you will see the market flooded with cheap GPUs and Nvidia's new sales plummet. I saw this in 2000/2001 when used Cisco routers flooded the market. Right now, there is still AI and crypto bubbles - but, both are bound to pop. Overall, infotech has already started mass layoffs over 6-9 months ago. Used cars sales, new car sales, etc - all point to tapped out consumers and a coming collapse in retail sales.

"And that 2%?
That's just 1% today.
(and I got two bargains!)
#20 | Posted by YAV"

Morons like you is how casinos exist. You lose $10,000 yesterday and then celebrate when you win back $3,000 today.

"I didn't lose anything.
You aren't too smart, are you?
#23 | Posted by YAV"

I assume you have about 90% of your investment $ invested in the market and about 10% sitting on the sidelines. Hence, my %'s are representative of the Dow Jones fluctuation. But, do tell us of how you went 100% to cash immediately before the bottom fell out of the market.

I should also point out - I don't even blame you for trying to catch the falling knife and staying in the market. With Biden inflation, you are forced to be in either the stock market or the housing market for a majority of the time or the value of your money continues to plummet.

"I didn't cash out, so no loss."

Ah, I see. You are just delusional. Probably think you are still sitting on a $1M Beanie Baby collection because you didn't lose and money unless you sell.

"Same in 2007-2008.
Why would I realize a loss when there's no need?"

1.) For tax purposes - I do it with my losers ever year.
2.) Because it is only going to get worse

"And no, 90%/10% is not close, nor are my investments only in the market.
That would be reckless.
#29 | Posted by YAV"

I was not talking about your entire net worth - I assume you have an allocation that you put into the market and have that about 90% invested at this point. I am at 60% cash anticipating another leg down.

"I do see a huge drop off in job opportunities since January. Used to see 10-20 a day, now it's a trickle, maybe 3 a week.
But there have been lots of layoffs in tech so there is the resistance to hiring I suppose.
#31 | Posted by oneironaut"

Over the last year, employment of native born US citizens fell by 1.2M jobs. Eventually, this makes it way to state employment like in CA which will be forced to slash additional jobs to close their deficits driven by a collapse in the private market. The only question is how much the economy collapses in the next 30 days.

"But if interests rate get lower there is a lot of inventory, and pent up demand.
#34 | Posted by oneironaut"

Ceteris paribus - you would be correct. But, now you are finally starting to see real fear setting in for workers which will be much less willing to make major purchases with job stability fears. You see it already in the auto markets (new and used). Interest rates WERE the major problem - now it is fear of having a job more so than the interest rate being charged.

"Yeah, it's called the baby boomers' retirement
#36 | Posted by Danforth"

So, baby boomers only retired in 2024? I ask as employment for native born went UP in EVERY SINGLE YEAR SINCE 2011 other than 2021 (due to covid) including 2022 and 2023. So, 2024 we had some mystery spike in mass-baby boomer retirement not seen before and was in no way due to the ---- economy?

"Gee, if only we knew who took America's fiscal sites and reset them from surpluses to deficits.
#39 | Posted by Danforth"

First, it is "sights", not "sites" -------.

Second, what the f are you crowing about Democrats and surpluses? That was a singular event under Clinton in large part due to the GOP congress controlling spending timed with the greatest productivity advance since the industrial revolution being the mass conversion to internet v1.0 and the computer revolution. Now, I assume you will attribute that to Al Gore's invention of the internet - but the reality is that this unprecedented productivity growth came about through no action by other party. And outside of this singular event, you have had nearly 12 years of the presidency and posted nothing but ever growing deficits.

"Financial advice from JeffytheB and Clodio is like taking acting lessons from Kid Rock and Hulk Hogan, rofl!
#48 | Posted by Corky"

How is catching a falling knife working out for you -------? I actually feel bad saying this as I know you will just double down on your stupidity and lose your money twice as fast from here on out.

"#50 | Posted by Corky"

Highly doubtful - any actually wealthy person here would have inherited their wealth. No one on the libturd side of the spectrum has shown an ounce of aptitude towards business or making money - your bloody hands from catching the falling knife would be exhibit A.

My guess - of the libturds here, probably 90% of your investment gains came from owning a house and its equity appreciation. You work dead end jobs at low pay and clearly have no clue how to invest.

"#53 | Posted by LampLighter"

If the US did not lie about rate of inflation, we would have been a recession in 2023. Further, per their own definition now:

"Claudia Sahm, a recession in the United States may be starting when the three-month average of the unemployment rate is at least half a percentage point higher than the 12-month low"

Sahm was a Senior Economist at the Council of Economic Advisers for the Obama administration

So, yes - we were then and yes, we are now. That is why the economy is cited as the biggest concern of voters despite the CCP level of economic data the Biden regimes publishes.