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stock market correction


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2022 Jun 16, 10:21am   1,060 views  14 comments

by AD   ➕follow (1)   💰tip   ignore  

I look at established companies like Facebook and Amazon. Facebook has WhatsApp and Instagram among its subsidiaries and can find ways to generate more earnings.

Amazon stock is down 45% and at 2018 price levels.

Facebook stock is down 58% and at 2017 price levels.

Disney stock is down 50% and at 2015 price levels.

Seems like there is always a bloodbath when it comes to stock corrections. That bloodbath is now happening.

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9   1337irr   2022 Jul 2, 9:38pm  

I bought 200 shares of AZZ, mainly because I like the name, growth, dividend and the book value per a share.
10   AD   2022 Jul 3, 12:34am  

1337irr says

I bought 200 shares of AZZ, mainly because I like the name, growth, dividend and the book value per a share.

.

Gurufocus gives AZZ good scores, and estimates its fair fairly is $46 a share which is about $5 more than current share price.

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11   zzyzzx   2022 Jul 5, 7:16am  

Patrick says








ERECTION INTENSIFYING!!!
12   zzyzzx   2022 Jul 5, 7:18am  

ad says

That bloodbath is now happening.


Again today. Official recession announcement imminent. At least that's my best guess as to why the market is behaving like this today.
13   B.A.C.A.H.   2022 Jul 5, 7:25am  

I think I figured out why demand is dropped.

Because last month I bought a wee bit of MU. I always do the wrong thing picking stocks. Better to quit doing that and just buy index funds.
14   AD   2022 Jul 5, 10:02am  

zzyzzx says


Again today. Official recession announcement imminent. At least that's my best guess as to why the market is behaving like this today.


zzyzzx and B.A.C.A.H., S&P 500 down 22% from 52 week high and all time high. I am not sure how much of a bloodbath there is as this seems like a continuation of the March 2020 crash. Seems more that the S&P 500 will trade between 3600 and 4000 leading to November 2022 election.

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