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 didnt travel to an infected country, and didnt knowingly interact with someone who did. Experts are becoming increasingly resigned to a worldwide spread of the disease, even as Chinas 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 ...
“..partial solution in the wings”
There are no magic products or special plans.
Nature will run its course.
Quarantine California. You can check out any time you want, but you can never leave. That...or nuke it from orbit. They’ve spread enough germs throughout the republic.
Where’s Ghislaine?
Apple is becoming a great bargain. I am watching it for the right moment. And they announced today they will begin selling on line in India, a huge market.
I know, they’ve been tracking them; half of them they have already stopped tracking, and other than the one patient, the rest of the positive ones we already knew about, including the initial fleeing of Wuhan, and the cruise ship.
Off the radar.
that’s what froze me for the last two days. But after selling today. I saw that I saved $6,000 that I would of lost in addition to what I had already lost. By the way, I owned Amazon stock exclusively, and most of what I lost I had gained after the recent ER. I will judge the panic level in the coming days and if I see it starting to die down and or if the price of Amazon goes down to around 1800 I will probably go long again. Good luck to you.
This could hurt Trump. as the mantra lately from the left is Trump defunded the pandemic team at the CDC. He has to get on top of that.
I’m not worried about the markets. I’m disappointed in our President seemingly being caught flat-footed on this.
Let’s hope his response ramps up. Folks I know it’s just theater and not much of substance can be done other than what’s in motion. Doesn’t matter. It’s a drama-driven electorate.
My concern about the slow-motion response is not for worry about the market. It’s the political angle I’m concerned about.
We know the other side will do whatever it takes to crash the market hoping panic and pain will rub off and make nervous people vote their way.
Far more worrisome is the idea of this being the long game. Crash the markets so hard that the voters put a Socialist in charge to “fix the markets” by removing that awfully pesky private enterprise and free competition.
I wouldn’t bet against it. How many voters do you think understand the function of capital markets? Hint: it’s not just to have something to put in your 401(k).
Just sayin . . .
Interestingly, Newsom said that, as much as it pained him to do so, the feds were doing a great job, and working well with his state efforts.
I’m hopeful that California can do this right, because they are the biggest fish; new york also has to do well, as these are the two biggest “ports” for foreign travel.
We did that a couple of weeks ago.
Waiting on the same.
Seniors didn’t recover from the 2008 crash where they lost up to a third. Low interest rates are killing them.
> that lady at CDC not if but when
Aka Rod Rosensteins sister. No chance of a coordinated assault on public confidence with people like her and Newsom mouthing off!
The democrats and the sanctuary cities, counties and states are to blame for what is about to happen.
Since we know each and every person legally in our nation who has been to an infected country, all air passengers, and ship passengers are manifested by name and address with positive identification, where is the rest of this coming from?
Illegals who are still crashing our borders is where it is coming from.
Three illegal Chinese border crashes were caught yesterday alone. All have flu like symptoms and all interacted with large groups of Hispanic border crashes on the way into our nation.
This is possible only because the democrats have been doing everything they can to keep our borders totally open, uncontrolled, and porous for the last dozen years.
So, what is going to happen when the Hispanic population becomes victims of this disease in the cities, counties, and states where the locals protect them from all immigration transgressions?
Are these sanctuary cities, counties and states going to prevent the federal government from putting these people in quarantine and isolating them from our citizens?
It is my contention, my direct accusation, that the democrats have done everything they can to ensure the spread of the corona virus in our nation by constantly and continually demanding open borders and doing everything they can to prevent the control of entry into our nation along our southern border.
To further impede the isolation of this disease the democrats, right now, today, via sanctuary cities, counties, and states, are protecting potential carriers and infected illegals from any and all contact with the officials of our federal government who wish to test and possibly quarantine them.
I finally had to bite on some selling to cover a margin call on my small really risky for fun account (as opposed to my retirement stuff). Luckily I still made a profit off the trades I needed to cover. The one nice thing is all my dividend stock covered calls are working out as hoped :)
I’ll probably take a little savings to buy into what I think will eventually climb back - though slowly.
“That was a painful market day.”
—
Gonna be a lot of ;em for a while, especially if a lot of people start coming down with this thing - ain’t nobody got no time for the DJIA if that starts happenin’.
I wonder if it’s a buyers market.
My money (what little there is, haha) is on the sideline for now.
We still haven’t got the first ‘multiple confirmation’ reaction — after that wears off, I hope things start to get more predictable as it becomes about getting supply chains up and moving again.
I’d wait, it has even started to drop yet, it’s going to go much much lower ...
Im not worried about the markets. Im disappointed in our President seemingly being caught flat-footed on this.
Lets hope his response ramps up. Folks I know its just theater and not much of substance can be done other than whats in motion. Doesnt matter. Its a drama-driven electorate.
My concern about the slow-motion response is not for worry about the market. Its the political angle Im concerned about.
We know the other side will do whatever it takes to crash the market hoping panic and pain will rub off and make nervous people vote their way.
Far more worrisome is the idea of this being the long game. Crash the markets so hard that the voters put a Socialist in charge to fix the markets by removing that awfully pesky private enterprise and free competition.
I wouldnt bet against it. How many voters do you think understand the function of capital markets? Hint: its not just to have something to put in your 401(k).
Just sayin . . .
...
I agree, AND, PDJT should call out Rosenstein’s sister, and, that folks are manipulating market...
If the MSM ask him about his sources, he can say, “I know and it is classified”...I’m serious, CALL THEM OUT!!!
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