Posted on 03/18/2020 10:08:43 AM PDT by C19fan
Stocks tumbled on Wednesday as the markets remained highly volatile with the government response to the coronavirus fallout still unfolding. A violent reversal in Treasury yields in response to a potential $1 trillion stimulus package helped to unnerve investors.
The S&P 500 fell 7% around 1 p.m. ET, triggering a marketwide “circuit breaker” trading halt while the Nasdaq Composite slid 6.3%. The Dow Jones Industrial Average dropped 1,660 points, or more than 7%. The circuit breaker halts trading across the U.S. exchanges for 15 minutes and is meant to ensure orderly market behavior. Wednesday market the fourth time in a week that a circuit breaker was triggered.
(Excerpt) Read more at cnbc.com ...
Depends upon how you define "skill."
Having an instinctive grasp that it is better to pay off debt rather than speculate is perhaps not a skill, per se, but it is a form of Emotional Intelligence (vulgo: wisdom).
Regards,
you asked “do you think (the news media) can resist this opportunity” to trash Trump?
To ask the question is to answer it, surely.
Good work! Buy every dip if over 5%.
If markets do not go higher in 2 years from now, USA is finished anyways. And nothing is going to be worth anything except Swiss money. Even gold was cheap during depression years. But demise of USA is highly unlikely unless Biden-Kamala ticket wins in 2020.
so the United States is to blame for this.
And not the fault of our dearest friends the ChiComs
Well played.
Please remove those ear plugs next time you watch the Trump covid-19 response team is holding their daily news updates.
This virus is brand new, no one had any anti-bodies from previous exposures and that makes it 10 times more contagious than the influenza virus which kills 17,000-70,000 Americans every flu season. And young people can make anti-bodies faster and fight it off. But older folks have lost that ability and that is why 80% of covid-19 deaths are older folks over 65.
And another thing, common flu is mostly contagious when symptomatic, where as covid-19 is contagious to others without any symptoms in you.
That is why this virus is scaring everybody as it should.
I am still trying to figure out where my Fidelity bond fund is Down 6%.
It should be up if there was any real sense to this.
Simple reasons why your bond fund has dropped.
Many people are under water, and need to raise cash, and fast. They are selling anything that can raise cash, which includes bonds.
“...so the United States is to blame for this.....?” No, not the duly elected government. The Deep State shadow govt. is to blame.
“...And not the fault of our dearest friends the ChiComs?...” They are NOT our “dearest friends” but they evilly and greedily fell right into “the plan” by stealing or buying it undercover.
“....Well played...” Yep. Verrrrry well-played by the DS.
Again. All tin-foil hat stuff, but NOTHING would be surprising these days...especially from the DS shadow govt.
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