Wednesday, May 18, 2022

Stock market crash: BIG LOSSES today

Reuters, May 11, 2022; Sheldon S., Seth Auberon, CC Liu (eds.), Wisdom Quarterly
Why is the stock market down today? Dow slides and Target tumbles (barrons.com)
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Time to get drastic? No. Let it go and be free.
NEW YORK, New York - The U.S. stock market is off to brutal start in 2022. The S&P 500 (.SPX), which is widely considered to be the main benchmark for U.S. stock market performance, declined 13.3% through April, the steepest four-month drop to start any year since 1939.

Payback is a *itch, my *itches! Mwa ha ha!
The index continues to fall in May and was down 16% year-to-date as of Tuesday's (5/11/22) close, approaching the 20% threshold that some investors consider confirmation of a bear [weak] market.

For the Nasdaq Composite (.IXIC), which is heavier on technology shares, the decline has been more severe, falling some 25% so far this year.

WHAT IS WEIGHING ON STOCKS THIS YEAR?
The S&P 500 started the year having more than doubled from the lows it hit in March 2020, an upswing that went into reverse almost immediately as the calendar flipped to 2022. The main factor cited by investors and analysts for the market's weakness is... More

Mexican cryptocurrency platform Bitso launches in Colombia
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Gold, which the government artificially suppresses, remains very stable before rocketing.
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