Porch stock just keeps falling

[gromicko (Nick Gromicko, CMI)]

[rlewis5 (Roy Lewis, CERTIFIED MASTER INSPECTOR RETIRED)]

That isn’t surprising.

[dtearle (David Tearle)]

I’m shocked they stopped spam calling me a few years ago

[mwilles (Martin Willes, CMI)]

It still has plenty of room to move down a PE of -$4.14 isn’t good.

[jburkeson1 (Joseph Burkeson, CMI)]

Unfair, everything fell off the porch today, or was it in the hole…

Dow drops 750 points following Powell speech at Jackson Hole

[mwilles (Martin Willes, CMI)]

The markets are down but a 14% drop in one day is pretty significant. I missed the day when we had a real president in the office and the stock market did nothing but soar. Businesses were optimistic.

[bcawhern1 (Brian Cawhern, CMI)]

Wow, this is a hell of a statement. Combine this increased taxation and energy concerns; the future looks bleak.

“Powell gave a keynote address at the Fed’s annual policy summit in Jackson Hole, Wyo., saying that the central bank would be willing to take “forceful and rapid” steps to address inflation even if it means potentially higher unemployment rates and a recession.”