Wall Street official enters a Bear Market as the S&P 500 dives nearly 3.9%.

[Sad Bunny]

Wall Street entered a bear market Monday as the S&P 500 sank 3.9%, bringing it more than 20% below the record high it set in January. Fears about a fragile economy and stubbornly high inflation have slammed the stock market in recent days and sent Treasury yields surging to their highest levels in years.

A report last week that inflation was getting worse, not better as many had hoped, sent a chill through markets that carried over into this week. Investors expect the Federal Reserve will get more aggressive to get inflation under control, even if it risks a recession.

Wall Street enters a bear market as the S&P 500 dives 3.9%

NEW YORK (AP) — Wall Street entered a bear market Monday as the S&P 500 sank 3.9%, bringing it more than 20% below the record high it set in January. Fears about a fragile economy and stubbornly high inflation have slammed the stock market in recent days and sent Treasury yields surging to their...

apnews.com

 

[Towlie]

Best time to invest if you're a long term investor

 

[Kornball The Conqueror]

hopefully housing goes with it

 

[Robbie3000]

Portfolio’s uglier than a Master P sneaker. Might be the first time I lose money in calendar year since 2009.

 

[Stuntone]

99% of the country could be homeless, but they're find a way to keep the index up and report that the economy is fine.

 

[jdubnyce]

Hope you have some liquidity and can jump into the market

Discount bin pricing

 

[OperationNumbNutts]

hopefully housing goes with it

I'm still skeptical on it. Unlike 2008 people can afford the houses they are moving into. I think inventory will be created because new home buyers simply can't afford it.....or large companies have massive layoffs. Still not sure how it'll impact prices though.

 

[Sad Bunny]

hopefully housing goes with it

That isn’t gonna happen. This ain’t 2008.

People can afford their homes now. shyt….people were paying straight cash

 

[Thavoiceofthevoiceless]

Inflation was transitional they said

 

[RennisDeynolds]

Gas all time high, rents all time high, wages largely stagnant despite what they report on tv, automobiles overpriced and price gouged, homes overpriced and artificially propped up = all good

Market dips to levels that are still high due to stupid and unrealistic valuations but people realizing that stonks don't only go to the moon = crisis

 

[levitate]

Damn, recession and Trump2024 incoming.

 

[RennisDeynolds]

That isn’t gonna happen. This ain’t 2008.

People can afford their homes now. shyt….people were paying straight cash

People cannot afford their homes now. This is the same housing bubble maybe worse, with subprime auto loans that never experienced correction. And dot com bubble 2.0

 

[JT-Money]

 

[Black Mamba]

 

[Sad Bunny]

People cannot afford their homes now. This is the same housing bubble maybe worse, with subprime auto loans that never experienced correction. And dot com bubble 2.0

Please provide data that says people cannot afford their homes.

I guess my area is different. It’s been coming before the pandemic. I don’t think my area will be impacted.

I got a record low rate