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 ...
The VIX Fear Factor is at almost 80 blowing through the Financial Crisis high of 60.
CNBC is going to run out of champagne.
Going to drop more. The gov’t is not telling us something about this virus.
Well, I was going to retire......
Indeed the fast traders are at a loss of what to do the smart ones are parking stock and some are buying it’s a great time for huge profits down the road.
This is like being in one of those 1950’s end of the world movies. Except in this one the world commits suicide.
I bought this 32 acres in rural KY and moved here from Seattle partly as a SHTF bugout place. But I didn’t really think I would ever honestly need it for that. I may have been overly optimistic.
I feel like I’m in a swarm of lemmings headed for the cliff and I can’t get out of it.
There was some renegade trader who put it all on the line going short when the market was around 28k and he was lauded as a start when the market kept falling.
I think at around 25k he said now it was time to buy.
He was wrong.
I have a few bucks to invest but i have no idea where any of this is going. Not a large amount.
And I don’t want it to be less after a week
Oh please.
There isnt some big scarry secret, dude.
I still came out ahead, but *man*....
The gov’t is not telling us something about this virus.
Tell you what. Watching the POTUS presser just now.
This has them spooked.
Yesterday I gave two things why this is going the way it is.
One. Being politically motivated since we heard NOTHING about it until after the impeachment fail.
Two. It is a manufactured virus from China.
Now. I am leaning toward the later because if it were completely politically motivated, this POTUS would have attacked in full force.
This presser just now, he was asked why he called it the Chinese virus and he AGAIN said that it was where it came from.
It came from China, from the area of a major bio weapons lab? At least that is what I understand.
Something is going on here that has them really spooked.
The follow up question should have been.
Mr President, where did this virus originate from China and what happened there?
Instead all we get from these stupid so called journalists is the typical whine..Why are you calling it the Chinese virus?
I lost the taste for risk 2 years ago when I turned 50.
Used to be a BIG risk taker.
Going from 100 to 0 is no good either.
Just got tired of stress.
And that ain’t here yet.
Relax and be patient. When the virus tames down and the MSM quits scaring the he** out of everyone business will be ready to explode.
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