Stocks slide, with Wall Street closing out worst first half since 1970

[former9thward]

The S&P 500 index has shed more than 20 percent of its value this year as rampant inflation, rising interest rates and a compounding array of geopolitical tensions have blunted consumer and business sentiment, forcing political leaders to scramble.

https://www.washingtonpost.com/business/2022/06/30/stock-market-today-recession-inflation/

[enough]

1. Or maybe people can see the coming societal chaos fomenting now from the

heinous SCOTUS decisions.

[Tomconroy]

2. Anybody found a good place to hide?

[TheRealNorth]

3. Stock market has been overvalued since at least 2014 IMO

Even my Republican acquaintances said that (at least until 2017).

[LonePirate]

4. I have seen knowledgeable people outside DU stating inflation is retreating

That’s probably the best economic news we have had on that front in a while, provided those views/reports are true.

Of course people only truly care about inflation when it comes to gas and food. Between that and their investment portfolios, people don’t care about the economy much except when jobs are scarce, unlike now.

[Tomconroy]

6. The first quarter wasn't so bad. The second one was the bow wow.

[MichMan]

7. Who do you think voters are going to blame?

[former9thward]

8. A large section of voters blame whoever is in charge.

The last time we had a big sustained drop (2007-2008) they certainly did.

[Bucky]

9. Ouch, my IRA

It will come back eventually. It always does.

I started throwing a lot of my stocks money into bonds last month. Thank God for the lucky timing.