DOW futures down -305 at this time

CNN Business ^ | 3 May 2020

[entropy12]

Airlines will be back in business with a vengeance in summer. Buffet was VERY LATE in dumping airline stocks. He did not comprehend the effect of covid-19 in March. When Trump banned flights from China & Europe, Buffet should have realized what was coming for airline travel for several months.

But people are placing on hold meeting their families right now. And vacationers are on hold. And business travel is on hold. You can’t do all business on video. When I was working, I had to visit manufacturer’s plants to get first hand familiarity with what we were buying for big bucks. And what their production capabilities looked like, and observe the machines in operation.

So there is tremendous pent up demand building up. I am itching to go on a cruise and visit my daughters on west coast. Can’t drive from Florida to Seattle.

[CodeToad]

“The crisis is over. The markets will recover soon enough.”

There was no crisis. This is political and remains political. These creeps won’t be giving up the power you just gave them.

[aMorePerfectUnion]

This single chart tells you a lot about the stock market health right now...

[RoseofTexas]

All because of the hatred of one man! Sooner or later they’ll realize they burn down their own immediate family’s future as well!! Their hatred has blinded them in thinking we will burn it down and rebuild...problem is their will be nothing left to rebuild on!! These bastards hair on fire hoax has cost me dearly...and I want them to go down with the ship as well!! They need to be accountable..especially fauci and his crock numbers....Pitch and fork ready at the helm!!!

[Mr. Jeeves]

They thought the economy was a light switch. They could just turn it off for a few weeks,, then switch it back on with no harm done. Instead, they blew out half the circuits in the house, started several spot fires which could still burn the whole place down if they aren't stopped, and will be operating with 50% lighting for a long time until the electricians can completely rewire the place.

Take a bow, U.S. politicians. Weak as the market was before the virus, only you could have screwed up the reaction to it this badly.

[Fury]

Futures now down -384.

Futures now down -286.

[MeneMeneTekelUpharsin]

Futures now -316. It’s back and forth. Something’s developing.

[MeneMeneTekelUpharsin]

I could not agree with you more. If they want to burn it down, how can we help them?

[NELSON111]

Agreed. There is one and only one reason this is up from its lows: FED pumping. Period.

[MeneMeneTekelUpharsin]

Back to -259.

[reformedliberal]

...bailout, from people who aren’t making money to pay taxes...
______________________________________________

Which is why POTUS always segues to how much is coming in from tariffs, from NATO and whatever other deals he cuts. He is substituting trade partners and allies for the taxpayer.

As more manufacturing across sectors comes back to the USA, there will be huge corporate taxes coming in, as well.

[combat_boots]

In channel surfing, I will pause a bit to watch the goings on on a jewelry channel

About two months ago, some big collectors started liquidating their vaults

It’s gotten worse, almost jumping out of windows worse. The wealthy are starting to bail

[Mom MD]

Yes but they react to the trends other people’s emotions cause in the market

[minnesota_bound]

Trump needs to stop right now talking about more tariffs.
Let the economy recover first. He has his billions but 25/30 million unemployed people are living off their savings be it cash in the bank, 401k, stocks. All it takes is loose lips to wipe out a person who spent years saving.

[kaktuskid]

Tariffs No....seizure of all Chinese owned assets under the enemy act...Yes