Posted on 02/27/2020 1:17:14 PM PST by lasereye
Markets are reeling again on Thursday, after the U.S. reported its first coronavirus case involving a person who didn’t travel to an infected country, and didn’t knowingly interact with someone who did. Experts are becoming increasingly resigned to a worldwide spread of the disease, even as China’s new infections slow.
4:00 p.m. ET: Dow drops more than 1,100 points after news California is monitoring thousands of possible cases
S&P 500 (^GSPC): -4.43% or -137.94 points to 2,978.45
Dow (^DJI): -4.43% or -1,194.98 points to 25,762.61
Nasdaq (^IXIC): -4.61% or -414.29 points to 8,566.48
Crude oil (CL=F): -3.67% or -1.79 to 46.94 a barrel
Gold (GC=F): -0.10% or -1.60 to 1,641.50 per ounce
10-year Treasury (^TNX): -0.84% or -0.0110 to 1.2990
2:55 p.m. ET: Meanwhile, in the Treasury market... In a sign of how aggressively investors are seeking out safe-havens, the 10-Year US Treasury Yield hit an intraday record low of 1.246%, according to Tradeweb data, while the 30-Year US Treasury Yield also set a fresh record at 1.783%.
The last time yields were this low? Yesterday.
(Excerpt) Read more at finance.yahoo.com ...
I’m buying a little every 1,000 points the Dow drops.
You beat me to it!.....LOL
Diversify diversify to your real tolerance aka sleep at night mode.
You were not there ?
Not so many years ago 1,100 points WAS the Dow.
There is a tremendous buying opportunity right now. All told, in the next six months the Dow will VASTLY outperform bonds or even real estate.
This coronavirus crisis will be resolved, and the Democrat primary season will be history. The basics are all still there, and as supply chains are re-established OUTSIDE China, either by home-grown industrial expansion right here in the US, or by outsourcing to other nations than China, the stability will return to markets.
Soon, no doubt about it.
Sooo... 24 hours ago California tracked nobody.
Then after Trumps speech California announces they have 1 case.
Then - one hour ago California announced they’re tracking thousands of cases?
This is orchestrated.
Good thing the market’s grown so much the last few years.
Definitely see it affect my 401K. Argh.
Panic and the madness of crowds is very human—should not be a surprise to anyone.
Wait a few more weeks of pain & then start buying.
Folks were saying the same thing in December 2018 and then it came back.
These types of corrections are normal.
It’s the latest ploy from the DemonRats...aided by their pals in the MSM...to try to let the air out of the Trump economic success. No more. No less.
Total over reaction. Buying opportunity for sure
Come on people, it’s the flu. The media wants it to be Trump’s Katrina, (which was made worse by the media also). Bird flu, swine flu, kung flu, it will pass like it always does. It’s never as bad as they say. Their job is to make you panic and stay home with your eyeballs glued to their every palpitation.
“CALIFORNIA” — don’t trust them folks!
The China Bomb. Economic Nuclear Winter
Didn’t feeel a thing.. 10% correction maneuver complete..
The sooner this cycle of ‘herd-culling’ experimentation is done, the better.
Then we can get back to more series things like will this make Gub Nuisance a potential VeeP on the ticket guy with Bernie?
Just imagine what the market would do under the weight of that ticket if it won.
Let’s hope the correction doesn’t turn into a 20%er.
Trump did something no politician would do - he gave his opponents a free victory lap if this turns sour. I suspect he has at least a partial solution in the wings - perhaps an off-the-shelf product which can greatly decrease the impact/effects of this virus on the lungs. Something like that must be just around the corner. Otherwise . . . he has left himself - and his party - in what could be a losing situation this fall. Not something he is likely to do.
The only people that are losing money in their investments now are the people that need their money from the investments now.
Otherwise, it’s watching sausage being made.
“Buy! Buy! Buy!”
Maybe when it’s in the high teens.
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