Skip to comments.Stock Gains Slip Away in Final Hours
Posted on 01/29/2020 2:30:49 PM PST by John W
U.S. stocks pulled back after Federal Reserve Chairman Jerome Powell offered investors a mixed outlook on the economy, deflating the stock markets recovery from an early-week selloff.
The central bank left interest rates unchanged, which initially kept the stock market steady.
Stocks started slipping after Mr. Powell, in his press conference later in the afternoon, said the fast-spreading coronavirus may pose risks to global growth and offered a more tempered outlook on economic growth.
There are grounds for what I would call cautious optimism for the global economy, said Mr. Powell. We are not at all assured of a global rebound but there are signs and reasons to expect itand then comes the coronavirus.
Mr. Powell added that it is too early to speculate on the macroeconomic implications for China.
(Excerpt) Read more at apple.news ...
Unless its a pandemic, it won’t be great damage to the economy.
I’m up 1/4% today.
Daddy taught me two things. Do not marry a woman with “Property of the Hell’s Angels” tattoed on her behind, and do not watch your stock portfolio every day.
“...do not watch your stock portfolio every day.”
Tesla is through the roof after hours. $1000 will come in weeks.
the REAL specter of the coronavirus is the potential for panic and chaos in china to disrupt their $2.5 trillion in annual world exports ... exports that keep the world economy humming ...
No, he doesn’t play a doctor on TV. He plays an economy-crippling fool.
Why doesn’t he keep his anti-Trump policies big mouth shut for a while until we see what the coronavirus does to Chinese manufacturing (I want to buy USA made, not Commie Crap Made).
I finally got some good dividends from my inherited and 401K plan investments, money I use for my cancer-treatment medicines when necessary. I just got a notice that my copay for one bottle of pills would cost me $1,888 under what remains on my co-pay deductible plan (I’m not complaining about the copay plan though I’m paying for it out of my pocket now that Short Term Disability payments are finished - no complaints with that).
[I’m now looking into prescription discount plans from special medical costs assistance foundations, something new to me. Some seem very good but they are hard to contact because of demand. I would have been #108 in line on phone for one such organization. Local pharmacies may have their own discounted plan in which they work with these foundations and pass on major cost discounts for GENERIC drugs].
This joker is a dividend-killer and that hurts millions of senior citizens who depend on investment dividends, often used just to live.
Powell has got to go.
OK. Can you watch her behind every day?
s p e c u l a t i o n
True -there is usually a pre-tax sell and this just made it a good time to do it.
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