The stock market was open for 3 minutes and it hit the first circuit breaker.
Trading halted.
3 damn minutes!
Only 69 dead in a country of 330 million.
To compare it cancer has killed 1.6 million people in 2020 alone. Yet no one is screaming it is the end of the world.
The Flu has killed 100,303 this season (which is 13 weeks). Yet no one screaming it is the end of the world.
Not sure why they did not close the markets for a couple weeks. This is insanity.
Happy?
I think we knew over the weekend it was going to be bad on Monday. Maybe it would have been even worse without the rate drop. But one thing we know.. People are panicked and will stay panicked for months.. I predict DOW will go to 12-15 thousand whenever it is this thing hits bottom. Fear Not..
WE WILL RECOVER.
Several small business owners I know are seriously concerned about their ability to remain afloat.
Well “they” finally got us. A made of hoax over the sniffles potentially kills the economy. Way to go.
We are shutting down about half the economy for about two months and those working are at home or down staff who are forced to stay home with the kids because the schools are closed. YES, that will negatively effect the economy. However, we are very close to an over reaction from the market at these levels.
They’ve shut the country down. What do you expect?
I’m in Ohio, people are working from home, they’ve shut down bars, restaurants, and entertainment venues.
No economic activity = cratered economy.
Why would the Fed panic over the weekend? There was at least a modicum of confidence going into the weekend. They could have simply signaled the willingness to be supportive. But no... they went to zero. Is it any surprise that markets are panicked this morning? It’s almost like the Deep State said, “People aren’t concerned enough. What can we do?”
Darn! Went to check CNBC and my cable is out.
Now I have to start hoarding WiFi.
Or, maybe change the batteries in the remote...
Why don’t they just close it for a few days? Didn’t they do that after 911? This is severely adding to the panic. It’s not like 50 million people have died worldwide.
Retirements, businesses, jobs, it’s all being destroyed.
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. The Dow was 18,339, and the day after the election it went up 250 points to 18,339, a surprise to Paul Krugman who had predicted a crash if Trump won.
The President’s great advantage has been his robust economy and stock market. They are trying to destroy him, and the people be damned. They used to jail people for stock manipulation.
Please, #It’sFluKooKs, stop with all this deep state conspiracy talk. A better plan to take down DJT would have been voter fraud. All they had to do is modestly change the votes in 3 or 4 states and he’d be finished as far as the electoral college. Safe, sure and not a soul would have raised an eyebrow, especially Republicans.
Turn off the computer algorithmic trading, and the craziness will subside.
I’m far more worried about a depression brought on by the media-driven panic than I am about the virus. A depression will kill far more people than the virus will.
Lenders have bumped mortgage rates UP to curb mortgage applications. Trump needs to stick a knife in lender’s backs.
Protection for a health care system that’s controlled by a few. RICO $$$$$$$$
Empire State Index off record -21.5
Market is down because institutional investors are sitting on the sidelines. If you notice the volume is very low. Day traders are pushing this market around.
In a few weeks we could see a 5000 to 6000 point rise in the Dow. As the earth tilts the virus will die out. There will be panic buying like we have never seen before.
Small Caps women and children hit hardest!!
seriously the DWCPF is down to Nov 2016 levels today