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 ...
Two years ago was an excellent time to exit the stockmarket. (Of course, we can say that today only because of 20/20 hindsight.)
Consider yourself lucky that you "cashed out" two years ago!
Regards,
All joking aside, I am glad you had the foresight to see what was comning.
Salut.
There’s less and then there’s LESS.
by your reasoning...people should have been “averaging” when it was even 27k.
That’s a HORRIBLE way to invest.
...
If the market hits 50k in Trump’s second term it’s a great way to invest, and you’d be lowering your cost by buying now.
I don’t think you’re in any position to be judging me.
I would LOVE to seem like a genius.
But what I meant was I lost the taste for risky options trading and future trading.
I guess what I did do right was pay off debts the past several years instead of putting more money into 401k.
It seemed like a bad move paying off 10 to 15 percent interest debts when the market was Soaring...now..not so much..
Now I will really amp up putting into 401k now that debts are gone.
I got lucky.
There was NO skill involved
The virus is real and it can be pretty bad for folks.
A relative of mine who works in high tech, swears he had it a month ago.
What’s really going on is we have an ageing global population that is getting old and dying off. The Chinese manufacturing base which has been producing wealth for Europe and North America is getting old.
There is no replacement for China. So what you are witnessing is the “death knell” of the globalist concept.
Maybe it is politically motivated or should I say economically motivated....and maybe the motivation is not coming from inside the USA...
This virus started in China, in the city where China has it’s infectious disease laboratory.
China is pissed about Trump’s trade stance and labeling them a currency manipulator, China is pissed we are banning Huawei and getting most of our allies to join us...
A conspiracy theory starting to gain some traction that China is behind turmoil with the media joining in....
The conspiracy goes like this...
China unleashes a virus they know will overwhelm most countries healthcare system and tank their economies...
China is short selling the market to make thru 3rd party companies to further drive the market down.....
China wants to eliminate Trump what better way to do that than thousands of dead Americans and a economy in a depression...
I am amazed that people are still trading stocks when there’s literally no way of understanding what they are currently worth. I guess some people are on margin.
I agree. What they're not telling you is that people are morons and are engaging in needless panic.
what do we do....I’m not an expert....I expected Fidelity to put me in a good position...mostly conservative since I’m 66 and it was doing great and now I’ve lost a small fortune....
>>I think I just read an alert from FOX News that all the stock gains from the TRUMP Administration has disappeared!!!!! sigh...
Yes, but once the mindless hysteria fades, we get a do-over on the Trump economic boom.
Today they all said tenants are out of work and almost certain to default. Two owners said they won't pay the mortgages next month, and hope the banks won't penalize them. Courts nationwide have also suspended eviction cases and likely won't start up again for months. It's a complete disaster in every sector you look.
From FR?
>>I am amazed that people are still trading stocks when there’s literally no way of understanding what they are currently worth.
most people don’t buy stocks on the fundamentals, they are just an instrument to speculate on price swings.
“China unleashes a virus they know will overwhelm most countries healthcare system and tank their economies...”
In their own country first? When they could have easily unleashed it somewhere else, while having developed a vaccine/cure ahead of time for their own protection? That’s where the “it’s just a plot to get Trump” breaks down for me.
This thing is moving along of its own inertia now. There really is nothing any sane person can do to stop it. It’ll run out of steam and die eventually and then we can start trying to dig our way out.
Nov 4, 2016 S&P 2083.79
The Trump rally started the next trading day, Nov 7
So 2100 is close enuf, it may drop a little more but this would be the narrative for a gleeful MSM
“All stock market gains since Trump elected LOST!”
Do you think they can resist this opportunity.
Yes. They're not telling us that it's no big deal and not worth dying for.
The economy will elect the next president.
That's because he's not a scientist and relies on the word of people who supposedly know more than he does. And that may be true, but he has something they don't have, which is sense. And I wish he'd tell them all to go to hell and use it.
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