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S&P 500 Drops 8%, Triggers ‘Circuit Breaker’ Trading Halt Even After The Fed Cuts Rates
CNBC ^ | 03/16/20 | Fred Imbert

Posted on 03/16/2020 6:41:56 AM PDT by Enlightened1

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To: Abathar

That’s good, you’ve got to protect yourself. Don’t let anybody ride either, the future of your business could depend upon this. Voice of experience speaking, I had to shut down in 09.


81 posted on 03/16/2020 7:41:57 AM PDT by RegulatorCountry
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To: Enlightened1; All

Mortgage rates should drop too, right?


82 posted on 03/16/2020 7:45:12 AM PDT by Mr. K (No consequence of repealing obamacare is worse than obamacare itself.)
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To: All

CNBC having a party


83 posted on 03/16/2020 7:45:14 AM PDT by gibsonguy
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To: Georgia Girl 2

We’re going off the rails on a Crazy Train, eh


84 posted on 03/16/2020 7:45:51 AM PDT by Gasshog
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To: Mr. K

They already did.


85 posted on 03/16/2020 7:46:18 AM PDT by Enlightened1
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To: Enlightened1

Thanks for sharing this rational perspective.

Because of increased testing we’re going to see a sharp rise in the number of cases but hopefully our mitigation efforts will continue to pay off and keep the mortality rate down.


86 posted on 03/16/2020 7:47:02 AM PDT by Starboard (has so far)
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To: Abathar

I had to close up in 2010. The recovery just took too long and I ran out of reserves. After 17 years it was just too much for my small business. This should be over pretty quickly as its 95% manufactured nonsense.


87 posted on 03/16/2020 7:47:51 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: JonPreston

The worst thing about the GOP (at the national level) is their duplicitous lying. Before every election cycle they put on their conservative hat and promise to push our agenda but the day after the election is over they are right back to expanding the government and appeasing the Democrats.

Why is it always Republicans who are “reaching across the isle”? Becuase they have no principles.


88 posted on 03/16/2020 7:52:38 AM PDT by Starboard (has so far)
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To: Starboard

Which is why a R majority didn’t get the votes to end RICO Body Mortgage care-Act.
Trump had to do what he could on his own, such as end the penal-ty, and install judges


89 posted on 03/16/2020 7:58:12 AM PDT by Varsity Flight
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To: txrefugee
We will know that this virus panic is being orchestrated by the Left to bring the President down if Wall St. loses all the gains made in the Dow Jones average since Election Day 2016.

Good Call ! That would be just like these creeps that hate the US and the President to wipe out only those gains and fix a date in the shepples minds. I'll be watching for that level as a Buy-In point!

90 posted on 03/16/2020 7:59:48 AM PDT by Gasshog
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To: newfreep

The October surprise in March...


91 posted on 03/16/2020 8:46:53 AM PDT by desertfreedom765
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Comment #92 Removed by Moderator

To: Enlightened1

The President wanted the FED to make this move a while back and they are just getting around to it. President Trump has talked about refinancing the debt. Expect something on this in the not too distant future. Refinancing a big portion of the debt at near zero rates. 10 year at 1% and 30 year at 1.5% now. Would take a big chunk out of interest on the debt (budget wise). China and other countries seeing their bond values way up and economic challenges will likely cash those bonds in as well. The FED is also buying up a lot of the outstanding debt (around $1T). That essentially takes that interest payment off the table. That is because the FED gets the interest and then sends it back to the government minus a small fee.


93 posted on 03/16/2020 10:57:11 AM PDT by Revolutionary ("Praise the Lord and Pass the Ammunition!")
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