Panic!!!!
Posted on 02/26/2020 2:28:44 PM PST by E. Pluribus Unum
Major Wall Street indices clawed back their rallies after a hopeful morning rebound, while a top Food and Drug Administration (FDA) official said Wednesday that the coronavirus outbreak was on track to become a global pandemic.
“For all intents and purposes, I think it’s fair to say we are on the cusp of the pandemic,” said Peter Marks, head of the FDA’s Center for Biologics Evaluation and Research, according to Bloomberg. “Is it definitely going to happen? No, but there is significant concern, as of overnight we have cases on six continents.”
U.S. stocks jumped after markets opened Wednesday while U.S. Treasury yields lifted off their record or near-record lows, in a sign that haven assets like government paper were giving ground to riskier equities, as investor anxiety seemed to ease after a two-day rout. But as of time of reporting, only the Nasdaq was holding on to gains, being up by 0.77 percent, while the S&P 500 and the Dow Jones were both back in the red.
The S&P 500 jumped around 1.7 percent up from Tuesday’s close shortly after markets opened, but then collapsed through its 200-day moving average around noon. By 1:35 p.m. EST, the benchmark index had given up all the day’s gains and was down 0.02 percent on the day. An hour-and-a-half later, the S&P 500 was down 0.27 percent.
(Excerpt) Read more at theepochtimes.com ...
CORONAVIRUS! CORONAVIRUS! CORONAVIRUS! CORONAVIRUS!
BOO!
Stock market early this morning was +300 til these douche bags decided to run their traps than it went in the red..gee now we know which side they are on
Peter Marks, head of the FDA’s Center for Biologics Evaluation and Research, according to Bloomberg.
Bloomberg and I wonder what looking into Peter Marks would reveal.
.
Well, I’ve just gotten notices of companies banning travel for conferences for at least the month of March. Koreans and Italians specifically. It’s going to mildly hit the place where I work in the pocketbook.
This whole thing is ridiculous. The United States has had zero deaths and under a hundred with the virus. Now the dummies owning stock are destroying the stock market while the dummy globalists are seeing why having our stuff made overseas might not be a great idea. Dummies!!!! And now trump has to deal with the dummies in hopes of this not getting worse by election. Dummies all!!!!
FDA and CDC are 2 sides of the same evil coin, misinformation and suppression of real data to play their role in driving the “pandemic” meme across the country.
They are fully aware of harmful drugs and other things that they suppress as it would cut the flow of funding and fees from Pharma and Chemical companies that feather their nest and keep the status quo in place...
Their time is coming, and it will shock people when we find out the role they have been playing in disinformation provided to us and what they have suppressed
I so look forward to the unveiling, pulling back the curtain to expose the more than cozy relationship between them and the folks they are supposed to be policing
Foxes watching the hen house
Criminals, nothing less
Sic Semper Tyrranis
We don’t know yet if the dive was due to spooked investors and/or if something else/in addition is going on.
But I’ll bet Trump does.
And if there is chicanery going on, the people responsible will pay for it.
Is this a smokescreen to cover up the stench of the fraudulent impeachment?
be careful what you say around here. There are so many that think the world is ending. I think some are looking forward to it. I’ve never seen such drama since high school :-)
honestly I think it’s going to spread and I think there will be maybe hundreds of deaths in the u.s. may be a few thousand. I do feel bad about those people but that is not a horiffic pandemic
Coordinated. This is being orchestrated.
Indeed. There appears to be more than a little coordination in these proclamations.
Yesterday a CDC representative, who just happens to be Rosenstein’s sister came out with a dire warning that had to be walked back by an agency exec. That walk back fueled the morning rally.
Then this bureaucrat comes out with this statement and the market recedes.
The Commie creed, “Never let a crisis go to waste.”
this is just a good buying opportunity... (sniff)(cough)
I heard her warning yesterday it wasn’t a OMG OMG WE ARE ALL GONNA DIE kind of warning, it was more like It will most likely come here, we should prepare for it and in that aspect that is correct we should prepare for it..now as far as the stocks today, got up this morning and it was +360 so I figured cool a good day for stocks..an hour later it was in the red so what the heck happened..nothing really new happened today as far as coronavirus, its still going on in south korea, italy, etc, its same stuff new day kind of news..so what made the stock market lose the earnings for today, something these FDA fools say spooked the market?
I just can’t believe the overblown bull. On here, they should know better. This is going to screw trump. Thank God you need two consecutive quarter in negative to have a recession. It sure does seem Americans want that.
2000 = Y2K Malarkey.
2008 = Sub prime loan mess and auto makers wanting to shed pension obligations.
2020 = The flu, when $Billions are appropriated for a cure.
Players only love you when they're playing.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.