[ April 24, 2024 ]
Stock indexes are on pace for one of their worst days this year.
Woke and broke. And still Biden and the Democrats are pushing, legislating and imposing these fatal polices.
This is the poison fruit of the diversity, equity and inclusion hiring practices that elevates whining whingers and demonizes talent, intelligence and skill.
Investor Carl Icahn Issues Grim Warning on US Economy
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Life was golden under Trump.
WOKE AND BROKE: While Silicon Valley Bank Collapsed, Top Exec Pushed ‘Woke’ Programs
‘Rapid Deterioration’: Moody’s Rating Service Downgrades U.S. Banking System
Credit Suisse Stock Plunges To Record Low As Bank Concerns Grow (Forbes)
Dow Plunges 700 Points As BlackRock Chief Warns SVB Collapse Merely ‘First Domino To Drop’
By: Derek Saul
U.S. stocks plunged in Wednesday trading as concerns about the health of the global banking industry continued to weigh on the market, with one high-profile Wall Street bigwig cautioning the contagion of Silicon Valley Bank’s failure could spread further than previously anticipated.
Key Facts
The Dow Jones Industrial Average fell 717 points, or 2.2%, by 1 p.m. ET; the S&P 500 and tech-heavy Nasdaq similarly slid 2% and 1.4%, respectively.
The domestic losses come amid broad declines in stocks abroad, with the Zurich-based bank Credit Suisse’s 24% slide to a record low in share prices amid capital concerns headlining the losses.
Also stoking concerns about the fallout of Silicon Valley Bank, Signature Bank and Silvergate Capital’s recent closures was a bleak letter from Blackrock CEO Larry Fink warning the failures could simply be the first “domino[es] to drop” before a potential “cascade throughout the U.S. regional banking sector with more seizures and shutdowns coming.”
Regional bank stocks captained Wednesday’s sinking ship, with share prices of PacWest sinking 20% and First Republic dropping 23%.
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4 Comments
1 year ago
Biden needs to be arrested — today!
And held without bail pending his capital trial and speedy execution, along with “obama,” for gross malfeasance in office, enemy collaboration and High Treason.
This country is potentially moments away from existential catastrophe every day he remains.
We need to re-install the rightful, legitimate president — President Trump — in what amounts a fait accompli of The Second Republic and the restoration of Constitutional Authority.
D
1 year ago
So we are within 700 points of when the moron started occupying our WH. It will be below 31k before long!
1 year ago
Thanks to all of the crooked politicians. They are responsible for the mess that this country is in.
1 year ago
Drop Out, Tune In, and Turn Off. STOCK UP
