Posted on 03/22/2020 3:30:03 PM PDT by NRx
U.S. stock futures opened sharply lower on Sunday night as Wall Street waits on Washington to agree to an economic stimulus and rescue plan to combat the giant economic blow from the coronavirus outbreak.
Dow Jones Industrial Average futures fell more than 900 points, or 5%, to hit their “limit down” level. S&P 500 and Nasdaq 100 futures were also down around 5%. Downside limits to futures contracts are implemented to ensure orderly market behavior.
U.S. crude futures also slid by more than 4%, adding to last week’s massive losses.
Futures could be highly volatile as headlines come out of a coronavirus task force news conference Sunday evening and as traders await news on a stimulus bill agreement (or lack of one).
Since 3 GOP are out, why would Dems do the right thing?
But in the House they say the late John Dingell was so infirm that they wheeled him in, sat him down, instructed him it was a vote and told him they would press the vote button for him. He could barely hold his head halfway up. Died at age 92.
Wonder what “contact” Romney had with Paul to say he’s now worried about having caught the virus? Just askin’.
I thought the Senate was holding it up.....
Please watch this. McConnell explains why the procedural vote failed.
Everything was going well, “Then all of a sudden the democratic leader & speaker of the house show up & we’re back to square one”
Schumer & Pelosi are a disgrace to America
https://twitter.com/mrjones_tm/status/1241867189101215746?s=21
So this is no longer valid? How are we going to keep up without a score card?
That procedural vote happened but required 60 votes for cloture to move on to up to 30 hours of debate and a final vote.
Thanks - I watched it...not that it makes any more sense but at least I’m up to date now...
I wish there were dates on those things - I don’t do Twitter or any other such modern (ahem) convenience so I never know how old/recent any remarks are.
I did hear the President’s remark about Romney. I thought that was totally uncalled for - he absolutely doesn’t stop to think before he opens his mouth. Everyone gathered with him for that briefing I’m sure was appalled but showed no sign of displeasure and they should. Maybe they do off camera but I doubt it!
Why is it interesting? It seems like a meaningless number to me. It would depend on who was tested. You could go into an isolated hamlet somewhere where the virus hadn’t yet arrived, test a hundred people and state that out of every hundred people tested, none had the virus. Same difference.
$6 trillion in about week isn’t enough for the banksters? Probably cheaper in the long run just to burn down Wall Street instead.
Another FReeper said today they are rethinking retirement. I said I have to rethink some work that needs to be done to arrest erosion from drainage around our house but I can’t give the go ahead on that now either. Just had one phase done but phase II will just have to wait. Can’t justify spending any money when it’s losing value every day. OR perhaps NOW is the time to put it to work? D-—— if you do and d-—— if you don’t!
They should bring the Chinese Virus senators into the chamber in Class-IV biohazard suits and vote in person.
All of this new money pouring out of stocks has to go somewhere? real estate? Maybe.
>>been there for decades<<
Yes, it’s there so that brokers can collect additional margin every day when people are caught in losing trades.
I believe silver once went limit down each day for a couple of weeks in early 1980 when the Hunt brothers were forced to liquidate their position. Actual silver went from $20 to $10 in one day and it took several days of limit down futures moves to catch up, as I recall.
All of this new money pouring out of stocks has to go somewhere? real estate? Maybe.
I doubt smart money is going to put more money into RE on the cusp of a probably Housing downturn.
NY investment firms have been buying up vast ares of forest in my area of Florida under the assumption it will be rezoned for commercial/residential use in the near future. That won’t be happening now and they are stuck with a bad investment.
I ask you then; so where does all of these $Trillions in investor cash go then?
If they’re only testing sick people, how is it that 9 out of ten tested negative. Were they sick with something else? Again, all these numbers are meaningless. There’s more misinformation in most of them that valid info.
For every seller, there’s obviously a buyer. The money is just changing hands.
The seller now has cash, now what does he do with it?
Be fearful when others are greedy and greedy when others are fearful. - Warren Buffett
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