Posted on 03/11/2020 7:01:11 PM PDT by cann
utures contracts tied to the major U.S. stock indexes fell on Wednesday night after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus.
The move comes after the Dow Jones Industrial Average ended its historic 11-year bull market run by closing in a bear market.
Dow futures were down 900 points, indicating a loss of about 860 points at Thursday’s open. S&P 500 and Nasdaq 100 futures were also sharply lower.
(Excerpt) Read more at cnbc.com ...
What did they want?
Our strong economy can handle this, if we don’t panic. Trump isn’t panicking. He is using the strong economy to maintain the nation while this virus burns itself out.
When will people wake up.
I believe one thing in particular....President Trump is the right President for the time.
Travel ban is going to cost businesses.
Blame Trump? Plan of the day..
It’s going to test 22,000.
After it didn’t hold 28,000, 25,000 was going to be tested. It failed
I dont think it MIGHT hit 22,000. I KNOW it will.
Hopefully that is where the bottom is and we will go up from there
Hogwash...terrific speech by our great leader, POTUS, Donald J. Trump!!! End of story...Case Closed!!!
It disappointed me. The travel ban is going to be a serious problem.
However, these announcements were not enough for investors who were looking for a more robust fiscal response to curb potentially slower economic growth.
What response are they looking for?!
The Fed won't meet till next week. Pelosi and the Rats have a vested interest in delaying any tax cuts of any kind to damage POTUS politically, and the enemedia are covering for the Rats.
Markets are finicky. It’ll come back.
It’s going to crash.
Maybe they would have felt better if Trump ran around the podium flailing his arms in the air while screaming the cootie was after him.
Or maybe if he’d said, “The Corona cootie ain’t sh*t, that is all, good night!”
Recession? Hell, we’ll be lucky if it isn’t a full blown collapse at this point. Dow sub 18,000.
The response they are looking for is FREE MONEY.
German Chancellor Angela Merkel announced that 70% of Germans will catch this virus. I don’t know if she is speaking a true analysis of the disease contagion or just grandstanding but she said it. But what is Trump supposed to do with that? With the Schengen zone borderless travel rules, that means the disease would spread easily throughout the EU. He had no choice. We can’t allow travel if 7 of 10 incomers are going to bring the virus with them.
This is a drastic step. But also in some ways the media has goaded him into taking drastic steps. On the one hand they complain and say he hasn’t done enough, on the other hand they are trying to pass a law that will prevent him from restricting travel! They are just naysayers.
I wish Trump had spent more time hammering on the economic side - he should have demanded the payroll tax exemption immediately. I know that will cause the deficit to skyrocket, but its exactly what we need right now. Put more cash into the economy and improve the cash flows of businesses of all sizes. Most businesses are small family operations. We cannot allow the economy to freeze up. Trump is 100% right to make our health the #1 priority, but there is more that needs to be done, #2 priority should be our welfare.
Phantom bids in bond market in order to appear orderly...bond traders cant get rid of AAA bonds....liquidity is a problem
ABC news is all giddy calling it “officially a bear market. “! They smirk while saying it too.
I’m done freaking out about the market. After today I’m just laughing...let it plunge. Selfishly I don’t need to worry about my investment for 15 years.
Wall Street is a snowflake factory.
DJIA Futures down almost 1000 as I type.
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