S&P is down 151 points below where it was 01/2021.
Dow jones industrial Averages are down 876 points from where it was 01/2021.
Nasdaq Composite is down 530 points from where it was 01/2021.
Blue Chips* are down 21% from where they were 01/2021.
401 (K) have lost $1.4 Trillion. IRAs have lost $2 Trillion.
Public pension funds have lost $1 Trillion, impacting Municiple workers, police, fire, city staff, etc.
The Pleasanton city council majority removed $1 Million from the rainy-day fund.
Inflations is up over 8% since 01/2021.
Joe Biden shut down Keystone pipeline. Price of gas soared to $7 gallon some areas.
*Microsoft, Tesla, Amazon, Waren Buffet Berkshire Hathway:
After all this sad news, I wish to end on a positive Note:
Series I Bonds are on sale with rate of 9.26% return. The I Bond must be held for a year. The US Treasure will pay a semiannual dividend, if purchased July 1, first dividend will be paid 01/2023, second dividend will be paid 7/2023.
Maximum purchase allowed is $10K per person. If sold before 5 years, the previous 3 months interest is not paid. As long as Biden is in Washington, I do not see inflation deflating much. I Bond with fixed rate 4%+ is indexed to inflation which provide the present rate of 9.26% return.