I need to buy some stock!
Liberals love it when the market goes down under Trump!
stocks are 3% cheaper. time to buy.
DOW down 765 now
We need a healthy 2000 point correction now rather than a month before the election.
I hope China nationalizes all those US factories and puts the ceos in gulags.
The 10-Year Treasury, benchmark for 30 year mortgages, have fallen to 1.376%. This is below the trough rate in Sept 2019 that triggered a refinance boom.
I was talking to my wife about this. Imagine a planet where this one country produces various parts used in the manufacturing of pretty much everything on the planet, but they acquire a communicable disease so deadly that the whole country is quarantined, and even products are not allowed to leave.
The entire world’s economy would be crippled once manufacturers all over the world deplete their parts stores. And if they are JIT based, they are even more screwed.
And here we are.
It’s a sale.
“Outsourcing manufacturing is good for the economy they told us.”
Lying SOBs. I’m one of the old timers who called BS on that from the start. My hope is that these people learn the very real dangers of outsourcing. My rational side says that there isn’t much chance of that. 2 cents a unit savings is 2 cents after all.
Dow finishes up on the day. The dumb money is leaving.
Just so you guys understand..this is partly Sanders.
So that part isn’t going away soon.
And part is the huge toll of the Virus issue.
Hedge fund guys are wondering if Dems will take out Sanders via a Clinton operation. That is how serious this is to Wall Street and the Dems.
Global Outbreak Causes Coronavirus Pandemic Fears After Cases Jump In Italy, South Korea And Iran
Tom Cotton:
"“I can tell you the president is very much on top of the threat that we face from coronavirus,” stated Cotton. “In fact, probably every conversation I’ve had with him for the last month has involved, at least in part, coronavirus.”"
The real reason is that bernie is gaining ground.
Indeed now they see the result of it will they learn from it bet not.
The recent issue is Italy. It is showing it is not just an Asian problem.
Yes, stocks are on sale, but I am not thinking of buying now. We have a long way to go.