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Economy

progree

(11,463 posts)

4. 939 AM ET S&P 500 at 3707. Next milestone: 3667

Reply to mahatmakanejeeves (Original post)

Fri Sep 23, 2022, 08:46 AM

Sep 2022

3667 was its June 16 close, the lowest close of this bear market so far, 23.6% from the all-time high. We're just 40 points from that.

Nikkei is at 27,154. It is still down from its peak 12/29/1989 closing level of 38,919, nearly 33 years ago. But hey, its way better than the 3/10/2009 close of 7,055 .

Japan is the real world too. It's what can happen when valuations get way ahead of the fundamentals.

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Stock futures crater as Fed, growth fears intensify [View all] mahatmakanejeeves Sep 2022 OP

Holy crap! Dow Jones is going down below 30,000 probably today. jimfields33 Sep 2022 #1

So today the stockes are down. They will go up soon. Than down again. Srkdqltr Sep 2022 #2

Now if corporate 'supply chain inflation' rip-offs can be made to taper, the inflation feel would empedocles Sep 2022 #3

939 AM ET S&P 500 at 3707. Next milestone: 3667 progree Sep 2022 #4

Cannot put faith in this archaic bound to fail monetary policy. sprinkleeninow Sep 2022 #5