(TheRedAlertNews.com) – While most Americans instinctively know 2022 has been a bad year for many investors, the final trading day of the year brings proof of just how bad it was as, bottom line, 2022 was the worst year since 2008.
And all Americans know that 2008 was the start of the Great Recession.
As CNBC notes this morning in “Stock futures fall as Wall Street awaits final trading day of 2022”:
“Stock futures moved lower in premarket trading Friday as investors braced for the final trading day of the worst year for stocks since 2008…
“Friday marks the final day of trading of what’s been a painful year for stocks. A volatile bear market, sticky inflation, and aggressive rate hikes from the Federal Reserve battered growth and technology stocks. These factors also weighed on investor sentiment…
“As the calendar year turns the corner, some investors think the pain is far from over, and expect the bear market to persist until a recession hits or the Fed pivots. Some also project stocks will hit new lows.” [emphasis added]
What do you believe? Is the United States headed for a recession? Is it already in a recession? In your opinion, what is the reason behind 2022 having been the worst year for the stock market since 2008, which marked the beginning of the Great Recession? Please share your thoughts and views by emailing [email protected]. Thank you.