Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

DJIA Futures Down Over 700 Points
CNBC ^ | 03/06/20

Posted on 03/06/2020 6:09:07 AM PST by Enlightened1

I remember hearing after the Russian hoax failed the D.C. Establishment would try to wreck the Trump economy, and I think that is what we are witnessing.

Yes Coronovirus is real and deadly in China.  Although the hysteria in the media is causing the mass sell off.

https://www.cnbc.com/pre-markets/

 


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: coronavirus; djia; down; futures
Navigation: use the links below to view more comments.
first previous 1-2021-4041-54 next last
To: Enlightened1

It’s what they did to Dubya just before the 2008 election to ensure that Zero got elected, but they overdid it a bit.


21 posted on 03/06/2020 6:28:34 AM PST by Yo-Yo ( is the /sarc tag really necessary?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

The job numbers out this week are again spectacular with 273,000 new jobs added and unemployment at 3.5%. No, the economy is not tanking. It’s the Deep State and their Wall Street financier puppets trying to sink it because that’s all they have left in their desperate attempt to defeat Trump in November!


22 posted on 03/06/2020 6:29:32 AM PST by dowcaet
[ Post Reply | Private Reply | To 1 | View Replies]

To: Religion and Politics

CNBC Knows their audience is fanatical people so they are doing thier best to crash the economy because it might hurt Trump. If millions of Americans get hurt too bad it will be worth it.


23 posted on 03/06/2020 6:30:27 AM PST by gibsonguy
[ Post Reply | Private Reply | To 12 | View Replies]

To: Yo-Yo

Bingo!


24 posted on 03/06/2020 6:30:35 AM PST by Enlightened1
[ Post Reply | Private Reply | To 21 | View Replies]

To: BobL
That’s my prediction, based on the US finally getting around to testing. Then we’ll find out what happens when you ignore a worldwide problem by STILL allowing millions to enter this country every month.

With the number of deaths so far, it would be a very good thing indeed if we did mass testing and found out that the actual number of infected was 5, 10, or 20 times the current level.

If we had 20 times more infected people, but the number of deaths remain the same, that would then make the death rate much, much smaller and lessen the panic over the disease.

25 posted on 03/06/2020 6:31:44 AM PST by Yo-Yo ( is the /sarc tag really necessary?)
[ Post Reply | Private Reply | To 20 | View Replies]

To: z3n
Correction: The stock market will bounce back hard. Not the economy, which so far has been resilient.

February Jobs numbers were revised UP, which IIRC never happened under the Obummer administration.

There's no logical reason for the stock market to be down today. None.

26 posted on 03/06/2020 6:32:22 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
[ Post Reply | Private Reply | To 8 | View Replies]

To: Enlightened1

Yes the supply chain disruptions could take 6 months to correct.

If you are widget manufacturer and other companies need your widgets to make their final products and you are located domestically in the United States and all of your China competition is closed for the Wuhan Flu. Your business is going to explode, you are going to need to hire people to keep producing 24.7 and if possible expand production. Your suppliers are going to need to expand production as well.

In the long run, this could be a boost.

This might be a lesson to corporate America to not throw all of their eggs into the China basket.

But right now, things look bad, but in 6 months things will look great again. However people think things will be as bad 6 months as they are today.


27 posted on 03/06/2020 6:32:41 AM PST by Trump.Deplorable
[ Post Reply | Private Reply | To 18 | View Replies]

To: Yo-Yo

Except that I doubt we’re even testing dead people. It took a breakout at the nursing home in Seattle before anyone even thought of going back and looking at a recent, now-confirmed, death.


28 posted on 03/06/2020 6:35:33 AM PST by BobL (If some people here don't want to prep for Coronavirus, they can explain it to their families)
[ Post Reply | Private Reply | To 25 | View Replies]

To: usconservative

Nervous Nancys that is why

They watch CNBC CNN MSNBC basically fake news and the see the world falling apart because Orange Man Bad

When other outbreaks happened under Obama and killed 11,000 kids in the United States the media was there telling us how Obama has everything under control and wash your hands and do what Obama says.

That isn’t happening, they are telling us that Trump is a liar, incompetent, orange man bad and we are all going to die


29 posted on 03/06/2020 6:35:35 AM PST by Trump.Deplorable
[ Post Reply | Private Reply | To 26 | View Replies]

To: Trump.Deplorable

“Yes the supply chain disruptions could take 6 months to correct.”

Perhaps, but I think we’ll be dealing with it for years. There will be a lot of upstream problems that keep popping up. Things like a certain type of fastener needed for producing a long-lead item...but inventory is gone and that item is low on the priority list. We may well peak in 6 months...but at least several years before things are reasonably humming again.

And then travel...2 years for air travel and hotels, and 5 years for cruise ships (if ever).

My predictions.


30 posted on 03/06/2020 6:39:41 AM PST by BobL (If some people here don't want to prep for Coronavirus, they can explain it to their families)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Enlightened1

How long until BAILOUT talk starts?


31 posted on 03/06/2020 6:45:12 AM PST by babble-on
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

The money machine manipulators should quarantine Vega$. Shut it down. I heard from a friend who just came back and saw a lot of Orientals there. One of them sounded like he sneezed. My friend is OK so far. Thanks for asking.


32 posted on 03/06/2020 6:47:20 AM PST by PGalt (Past Peak Civilization?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

Propagandists of the world UNITE! Or is it Bourgeois Socialists of the world UNITE! I forgot, Bern. Help me out here, old man.


33 posted on 03/06/2020 6:51:04 AM PST by PGalt (Past Peak Civilization?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

Oil just collapsed - I’m in the money !


34 posted on 03/06/2020 6:51:12 AM PST by 11th_VA (May you live in interesting times - Ancient Chinese Proverb)
[ Post Reply | Private Reply | To 1 | View Replies]

To: babble-on

“How long until BAILOUT talk starts?”

EXACTLY. Thanks. One of my favorites...

https://www.youtube.com/watch?v=jmK-YWSJ8Eg


35 posted on 03/06/2020 6:58:19 AM PST by PGalt (Past Peak Civilization?)
[ Post Reply | Private Reply | To 31 | View Replies]

To: duckman

https://www.investopedia.com/terms/c/circuitbreaker.asp


36 posted on 03/06/2020 7:01:24 AM PST by John W (Trump/Pence 2020)
[ Post Reply | Private Reply | To 10 | View Replies]

To: PGalt

The Fed over the last 30 years are boxed in a cornor.

They cannot raise the interest rates and print money forever without wrecking the economy.


37 posted on 03/06/2020 7:01:49 AM PST by Enlightened1
[ Post Reply | Private Reply | To 35 | View Replies]

To: PGalt

https://www.youtube.com/watch?v=pAuPMJlK92s


38 posted on 03/06/2020 7:10:01 AM PST by babble-on
[ Post Reply | Private Reply | To 35 | View Replies]

To: John W

Thanx for the link.


39 posted on 03/06/2020 7:15:38 AM PST by duckman ( Not tired of winning!)
[ Post Reply | Private Reply | To 36 | View Replies]

To: Enlightened1

The stock market was getting speculative and due for a correction. When this happens, anything can set it off, and the politicians will blame it on their pet peeves. Due to White House pressure for low interest rates, the Fed can’t help because interest rates for bonds have become negative.


40 posted on 03/06/2020 7:16:02 AM PST by Socon-Econ (adical Islam,)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-54 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson