Posted on 03/09/2020 2:23:06 PM PDT by Red Badger
The steep stock selloff prompted rare trading halts
U.S. equity markets tumbled Monday after an oil price war broke out between Saudi Arabia and Russia and amid new cases of coronavirus, especially in America.
The Dow Jones Industrial Average closed over 2,000 points lower, coming back from a point drop of more than 2,150 points, or 8.2 percent, at session lows while the S&P 500 and Nasdaq Composite were lower by 7.9 percent and 7.2 percent, respectively.
(Excerpt) Read more at foxbusiness.com ...
“Dow plunges over 2,000 points, oil collapses amid price war and coronavirus”
Expected, just surprised it’s taking so long for the market to price-in what will be the ‘new normal’.
Great. I wasn’t enjoying retirement anyway.
All those smart people that bailed at 30,000 amid the MONTHS of precursor info. I wish I was one of those. This was really obvious back in January.
So, when it wasn’t “Trump’s fault”, with the Spanish flu of the 1900’s, how much did the market fluctuate?
So at 423 cases in the US as of last Friday, that makes it just under 5 points a case...
This is Obama’s fault. Trump inherited Obama’s economy, remember?
why is all the rice and flour gone at Fred Meyer’s?
I’ve got a bit of money to throw into the market. Any idea what would be the logical choice for specific stocks?
I was thinking travel related industries that have lost a bundle in the last few days. I wonder if cruise stocks would be a good idea or if they’ll end up being a penny stock due to the petris dish nature of the ships.
I would expect investors will we buying up stocks tomorrow with such a steep loss today.
Let me know your thoughts Stock Gurus.
We just witnessed history: The Dow fell 2,013 points for its single largest one-day point decline in history.
So at 423 cases in the US as of last Friday, that makes it just under 5 points a case...
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Great point! Actually if you take into account the drop since the highs, it’s about 14 per case
I LOVE oil price collapses, especially right a summer is starting to look likely again.
Just hang in there, it will go back up. I wish I had cash I’d buy now or in the next few days and then just hold tight.
p l a i n . a n d . s i m p l e . h y s t e r i a
“Remember, THE STOCK MARKET IS NOT THE ECONOMY............... “
EXACTLY. And in the very wise words of former hedger, Ann Barnhardt, “if it’s not in YOUR hands YOU don’t own it”. Characters on the electronic screen do not cut it. Derivatives of YOUR time of life ARE SUBJECT TO THEFT BY CRIMINALS. (i’m sure it’s all happened to many on a much smaller scale and the banks bailed you out)
Tread carefully.
And you only lose when you sell.
It’s unbelievable. Now we have members of congress self quarantined for the slightest exposure. I have never seen such hysteria, it’s disgusting.
Invasion of locusts?............
meh, personally I kinda like the idea of the swamp creatures going into hiding
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