sharkman Posted August 2 Report Share Posted August 2 (edited) Now the Dow is down 800 points, does anyone know when the breakers kick in? Edit: According to Wikipedia, the first breaker trips at a 7% drop, which is roughly 2800 points. Second level trips out at 13%. Edited August 2 by sharkman Quote Link to comment Share on other sites More sharing options...
sharkman Posted August 21 Report Share Posted August 21 More alarming news. The US Labor Department has adjusted its employment numbers. It turns out they were off by 818,000 jobs. And these types of stories will go right over the heads of the typical consumers until the economy takes a dump. Then they will try to respond to a recession, but it will be 6 months too late. https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html “The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. As part of its preliminary annual benchmark revisions to the nonfarm payroll numbers, the Bureau of Labor Statistics said the actual job growth was nearly 30% less than the initially reported 2.9 million from April 2023 through March of this year.” Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.