Posted on 03/15/2020 4:50:28 PM PDT by Enlightened1
FYI only.... Looks like the DJIA may tank again tomorrow. Let us hope it recovers before the opening bell. Prayers are needed for our President, our Republic and the world to quickly recover.
I am not so worried about the Coronvirus itself here in the USA, but the economic impact will easily be billions of lost revenue.
https://www.cnbc.com/pre-markets/
(Excerpt) Read more at cnbc.com ...
This could go on for months. I would not be shocked if they close the markets for a while.
Trump needs to suspend trading like they did in 2008. Aren’t there more than 250 traders on that floor anyway? Shut it down!
Yeah I guess they were not a fan of the fed cut
Fed lowered rate to just above zero this afternoon.
Haha! I was thinking that, but trying not be dramatic...., like Brian Williams.
2020-The year that did not exist.
It’s computers that are doing most of the trading, not the guys on the floor.
90% of all trades are done by computer algorithms. That is what people here do not understand. They think people have been panicked by this virus and are fleeing the markers. Well - to a sense that may be true - but it is VERY small. Most of what is happening is the computers shorting the market. They will continue to short the market until they know it's time to go long. They will continue to set up "bull traps" like last Friday - which is why I wasn't scared at all (even when Trump tweets about his record stock market day) - because I knew it wouldn't last. So - what did I do at 2:58 pm (central)? I added to my short positions because the long term puts I am in had gotten a little cheaper.
And now - the down limits are tripped for the night and when we open tomorrow morning we will trip another circuit breaker (most likely). This isn't over by a long shot.
Thanks. Like I’m not depressed enough.
The Fed lowered rates and the Dow declined. They lowered them again, and the Dow declined. Are they stupid enough to do it again?
Well...it can go on like this for 20 days. Ha ha.
When this is over, the guy with a silver dollar in their pocket will be king.
Things are absolutely nuts this month. I lost a ton of money (on paper) with stocks, but they'll rebound later. However, I got some great rates on new deposits at banks, I guess they're desperate for cash. One bank gave a rate close to 6 percent, but told me not to tell who they are. Crazy times. I'd advise people to keep cash on hand in case things get worse.
1) Ban visits to nursing homes and hospitals
2) Ask 65+ to self isolate as much as possibe
3) No PDA among family, friends, esp with elderly
4) Ask caregivers to 65+ to self isolate as much as possible
5) Clean, clean, clean, clean - doorknobs, surfaces, etc
6) If you feel sick, stay at home and isolate
7) wash your hands and don't touch your face
This would bend the curve massively and wouldn't cost us anything. This hysteria will cause a depression that will kill far more people than this thing will.
It scared the crap out of Wall Street.
They were like, “Wow...this MUST be bad.”
With the amount of money, between the emergency declaration by Trump on Friday, the bill working through congress and the unprecedented scale of action from the Fed, I am truly surprised that futures are pointing downward.
People don't know this but just a 10% drop in economic activity caused the great depression. How many millions died because of that? Why isn't anyone worried about a depression?
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