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

That is exactly what's going on. Bank Economist @ the large international/multi-national bank I work for is saying exactly that.

So many companies are re-thinking their "put everything in China because it's cheapest" strategy and that's going to cause a manufacturing revival in the U.S. and elsewhere.

Taiwan, Philippines and Vietnam are the short term beneficiaries because they have facilities and labor available. Once that supply is gone (and it will be soon) watch what happens here.

41 posted on 03/06/2020 7:17:31 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Enlightened1

World War 2 had less of an impact on the market compared to this virus.


42 posted on 03/06/2020 7:26:22 AM PST by kickstart ("A gun is a tool. It is only as good or as bad as the man who uses it" . Alan Ladd in 'Shane')
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To: Enlightened1
There is no conspiracy in the market. There are lemmings listening to brokers (salesmen) to sell, and then to buy. This earns commissions for the brokers, and usually ends in a loss for the lemmings. (Don't sell, take a paper loss in the short term, other wise stay out of the market, it isn't for you.)

Otherwise, there is a ton of institutional trading going on, along with program trading. Traders are making money going up and going down. On a micro-level this is one trader vs. another, trying to outwit each other to make a profit. Think of it as current flowing back and forth. Traders are loving this volatility. There will always be winners and losers.

Traders are using any excuse to drive prices up and down, since there is money to be had in both directions. For those that do not like this because you are stuck in equities, learn to trade options and futures. Be conservative, cover your futures with options. Do not trade bare. Institutional traders don't. Trade in both directions.

43 posted on 03/06/2020 7:30:17 AM PST by RubinBoomer (PA for Trump 2020)
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To: BobL

Hopefully the death knell for ‘Just n time’ inventory and outsourcing to China.


44 posted on 03/06/2020 7:58:28 AM PST by RedStateRocker (Nuke Mecca. Deport all illegals. Abolish the DEA, IRS and ATF,.)
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To: duckman
>> Is there some point when there is a halt to trading. <<

One of the stock market reforms from the great crash of '87 was the implementation of market circuit breakers or trading curbs. That said big Friday sell offs are not unusual when there is geopolitical uncertainty. The market movers sit on the side lines in case there is any bad news over the weekend.
The market was due for a correction and coronavirus was the spark. Computer program-driven trading exacerbates sell offs but at some point buy signals will kick in and the market will reverse.
45 posted on 03/06/2020 8:20:13 AM PST by Kid Shelleen (Beat your plowshares into swords. Let the weak say I am strong)
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To: BobL
Trump Administration Reverses Obama-Era Regulation Responsible For Coronavirus Testing Roadblock
http://www.freerepublic.com/focus/f-gop/3821944/posts
46 posted on 03/06/2020 8:20:21 AM PST by Steve Van Doorn (*in my best Eric Cartman voice* 'I love you, guys')
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To: Enlightened1

Buy low sell high here’s your chance.


47 posted on 03/06/2020 8:24:02 AM PST by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: Kid Shelleen

Thanx for the info. Helps quite a bit.


48 posted on 03/06/2020 8:42:08 AM PST by duckman ( Not tired of winning!)
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To: RedStateRocker

“Hopefully the death knell for ‘Just n time’ inventory and outsourcing to China.”

There is a balance to be struck, for sure. What still pisses me off is giving China the means to bring us to our knees, by giving them strategic control over God knows how much of our economy and even our national defense.


49 posted on 03/06/2020 8:50:39 AM PST by BobL (If some people here don't want to prep for Coronavirus, they can explain it to their families)
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To: BobL
I think we’ll hit a floor at 10,000 for the Dow

Noted. You have defined yourself as someone to completely ignore.

50 posted on 03/06/2020 9:04:11 AM PST by M. Thatcher
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To: Enlightened1

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

TRUE. Should be boxed in a coroner.

BIG GOV could help them out. ELIMINATE all lenders of home lending and make home owners pay BIG GOV. They could start slowing with student loans. Oh, wait....

C’mon big boys at BIG GOV. Put on your pussy hats and get it done. Eliminate that competition and competitive practices. Dodgeball in school? It’s a felony now ins’t it?

Snap along...”a mind that’s weak, and a back that’s strong”

https://www.youtube.com/watch?v=jIfu2A0ezq0";


51 posted on 03/06/2020 10:30:31 AM PST by PGalt (Past Peak Civilization?)
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To: Enlightened1; All

The plunge protection team played Russian roulette? Nobody left?


52 posted on 03/06/2020 10:33:43 AM PST by PGalt (Past Peak Civilization?)
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To: usconservative
There's no logical reason for the stock market to be down today. None.

The fate of the whole market is in the collective hands of the high speed algorithmic trading machines. They will decide what is best for us while they buy/sell from themselves to create a HUGE spread of as much as 100 DJIA points. It is frightening to watch in action. Meanwhile, VIX is at a RIDICULOUS 46 because that is what the Algos believe makes most money for themselves.

53 posted on 03/06/2020 10:44:02 AM PST by Religion and Politics (It is time for more than one denomination of "Political Correctness".)
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To: Religion and Politics

Turns out that DJIA, NASDAQ, and S&P500 finished up for the week on a massive rally last 30 minutes of the day to pare the earlier losses.


54 posted on 03/06/2020 1:04:00 PM PST by Religion and Politics (It is time for more than one denomination of "Political Correctness".)
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