Dow drops more than 1,100 points after news California is monitoring thousands of possible cases

Yahoo ^ | 02/27/20 | Heidi Chung,Javier E. David and Nishant Mohan

[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.

[donaldo]

I bailed out on first news of coronavirus and bought SDOW big time - ProShares UltraPro Short Dow30). Hard to pick those market dips but they happen. SDOW is up 13% today (+ $5.99). SDOW was around $400.00 five years back and $5,000 back in 2008. Around $50.00 today, up about $15.00 since Friday. QID is also worth a look. Of course, this is a worse case scenario play.

[Fury]

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.

Really? And how does he do that?

Please - breath into a paper bag for 1-2 minutes to calm down.

[1Old Pro]

S&P since Trump, still very impressive. Most people would be happy with 7-8% per year and we’re up more than that.
2019 31.49
2018 -4.38
2017 21.83

[stonehouse01]

“...that lady at the CDC...”

Do you mean Rodentstein’s sister? Both traitors.

[NormsRevenge]

if this turns sour.

—

it won’t matter.

Remember the movie, Omega Man with Chuck Heston?

[Bell Bouy II]

Hopefully that 1/3 will be reinvested or is set up to do so on the down side and make you smile when Corno goes ByeB

[DivineMomentsOfTruth]

The Freakin’ Media never fails to panic people over speculation.

[100American]

Strictly propaganda by Kalifornia to drive the market down, they are well beyond butt deep in the money laundering and scheming to try and take over the country

The whole thing is a farce and soon enough all will realize it is a false flag and the Media and Democrats are driving it

take it to the bank

[Pearls Before Swine]

There was a 20%-er just around Xmas in 2018. Been pretty much straight up since then.

[Williams]

I was able to watch this all day and the television networks are 100% nothing but talking the markets down with Corona virus panic. That is the only story they are covering.

[blackdog]

It’s the flu in a Trump Crossfire Hurricane. It’s all they had left. It came out 4 months too soon.

[cgbg]

President Trump has caught a break here.

While the virus may spread and affect the world economy significantly in the next month, it will fade in the warmer weather and be long forgotten by November.

Everybody just needs to chill, avoid crowds and travel for a month, and wait it out....

[sheehan]

This is definitely a buying opportunity, but don’t be surprised if it gets worse to see Trump talk about ‘stimulus’ package a la Obammy.

The CDC deep state doctor lady needs to be pulled off the air.

[CatOwner]

Now all they need are some “temporary” work layoffs due to the virus, and the results will be magnified.

[donaldo]

I’d stay away from oil and gas for time being (even with those high yields). Oil may go down to $40.00, perhaps lower. One analyst says we “could” have a “generational” buy in oil and gas in about 6 to 18 months.

[wrcase]

What ever happened to the Plunge Protection Team?

[DivineMomentsOfTruth]

2008 - 2010 was painful.

[Jane Long]

>>The CDC deep state doctor lady needs to be pulled off the air.<<

You talking about Rod Rosenstein’s sis, Dr Nancy Messonnier???

I sure don’t trust her.

[cgbg]

In Hong Kong, .gov ordered businesses to close, and then issued checks to everyone over eighteen to get them through a few weeks...

[subterfuge]

I trimmed off a bunch of stock about a month ago based on my advisor’s recommendation. Just waiting for the bottom now.