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Economy

progree

(11,463 posts)

1. Monday is the big day - will the S&P 500 set a new low for this bear market?

Reply to Tansy_Gold (Original post)

Mon Sep 26, 2022, 01:02 AM

Sep 2022

The previous closing low for this bear market was 3667 on June 16. (A way to remember: 3666 plus 1)

It closed Friday at 3693, just 26 points (0.7%) away from that. And 23.0% below the Jan 3 all-time high.

Worse than that when one considers the seriously eroding purchasing power of those dollars.

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STOCK MARKET WATCH -- Monday, 26 September 2022 [View all] Tansy_Gold Sep 2022 OP

Monday is the big day - will the S&P 500 set a new low for this bear market? progree Sep 2022 #1

My view is very pessimistic bucolic_frolic Sep 2022 #2

This message was self-deleted by its author progree Sep 2022 #3