return2ozma@lemmy.world to Personal Finance@lemmy.mlEnglish · 2 months agoDow closes nearly 500 points lower Thursday as investors’ recession fears awakenwww.cnbc.comexternal-linkmessage-square6fedilinkarrow-up11arrow-down10cross-posted to: news@lemmy.world
arrow-up11arrow-down1external-linkDow closes nearly 500 points lower Thursday as investors’ recession fears awakenwww.cnbc.comreturn2ozma@lemmy.world to Personal Finance@lemmy.mlEnglish · 2 months agomessage-square6fedilinkcross-posted to: news@lemmy.world
minus-squaredavel@lemmy.mllinkfedilinkEnglisharrow-up0·2 months ago the economy was weaker than people thought The economy was weaker than corporate media was portraying it. Who are you going to believe, CNBC or your lying eyes?
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up0·2 months ago? It’s not that much weaker than expectations, hence the only 1.2% drop. That’s a pretty modest pullback after such a big bull run.
minus-squaretburkhol@lemmy.worldlinkfedilinkEnglisharrow-up0·2 months agoDunno. The last 2 weeks posts on c/personalfinance are just return2ozma doomscrying an imminent recession. As near as I can remember, there’s been people warning of imminent recession every day for the past 30 years. Occasionally, they’re right.
minus-squareforgotmylastusername@lemmy.mllinkfedilinkEnglisharrow-up0·2 months agoOnline opinion is biased towards perpetual doomsday because the average person wants the markets to crash so they can buy cheap stocks.
The economy was weaker than corporate media was portraying it. Who are you going to believe, CNBC or your lying eyes?
? It’s not that much weaker than expectations, hence the only 1.2% drop. That’s a pretty modest pullback after such a big bull run.
Dunno. The last 2 weeks posts on c/personalfinance are just return2ozma doomscrying an imminent recession. As near as I can remember, there’s been people warning of imminent recession every day for the past 30 years. Occasionally, they’re right.
Online opinion is biased towards perpetual doomsday because the average person wants the markets to crash so they can buy cheap stocks.