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Dow plunges 1,100 points, bringing its decline from a record high to more than 10%
CNBC ^
| Published Wed, Feb 26 20206:01 PM ESTUpdated 20 min ago
| Fred Imbert
Posted on 02/27/2020 2:20:29 PM PST by Red Badger
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When this is over, probably in April or May, the DOW and ALL other markets will explode!..................be ready.................
To: Red Badger
But it does have the advantage of moderating the price of motor fuels. Even in California, the price has dropped quite a bit.
And now, one Warren Buffett is waiting to buy stocks at essentially bargain rates.
2
posted on
02/27/2020 2:23:00 PM PST
by
RayChuang88
(FairTax: America's Economic Cure)
To: Red Badger
There will be at least on dead cat bounce.
3
posted on
02/27/2020 2:24:33 PM PST
by
BenLurkin
(The above is not a statement of fact. It is either opinion or satire. Or both.)
To: Red Badger
I haven’t sold a whole lot this week, mostly buys to cover short positions.
4
posted on
02/27/2020 2:25:48 PM PST
by
Vigilanteman
(The politicized state destroys aspects of civil society, human kindness and private charity.)
To: Red Badger
Started coming back some yesterday ‘till deblasio announced ny was “monitoring” 80+ people who they suspected MIGHT have corona...that’s all it took...and no more out of my about it either. Sounds like a lie to mess with the market IMO.
5
posted on
02/27/2020 2:25:55 PM PST
by
V_TWIN
To: Red Badger
“When this is over, probably in April or May”
—
If it keeps up the 1k/per day losses, by April or May you’ll be able to buy the entire NYSE for 39 cents and an old shoestring.
6
posted on
02/27/2020 2:26:53 PM PST
by
LouieFisk
To: RayChuang88
Which may have been the intention.
I hope someone in the admin is keeping an eye on any bad actors screwing with the market.
If any are found, prosecute them. And if convicted, throw the expletives-deleted in Leavenworth.
7
posted on
02/27/2020 2:27:39 PM PST
by
mewzilla
(Break out the mustard seeds.)
To: V_TWIN
I most likely is. Newscum in CA is doing the same. They know people vote their pocketbooks and they will blame TRUMP for all of this, guaranteed..................
8
posted on
02/27/2020 2:34:07 PM PST
by
Red Badger
(If people were to God like dogs are to people, the world would be a really great place..............)
To: LouieFisk
It won’t. The bottom feeders will see to that...................
9
posted on
02/27/2020 2:34:38 PM PST
by
Red Badger
(If people were to God like dogs are to people, the world would be a really great place..............)
To: BenLurkin
Cat dead Due to Corona virus?.................
10
posted on
02/27/2020 2:35:19 PM PST
by
Red Badger
(If people were to God like dogs are to people, the world would be a really great place..............)
To: RayChuang88
Big fire and shut down this week at Marathon Petroleum in Carson California , with the adjacent Phillips 66 refinery shut down for a turn around for two more week these are some of the countries largest refineries will make pump gas prices (not raw oil) go up at least in the short run-ok if you are in Texas-otherwise fill up now
11
posted on
02/27/2020 2:35:52 PM PST
by
TECTopcat
(TopCat)
To: TECTopcat
To: RayChuang88
People don’t go out to shop or dine or movies so they don’t use gasoline as much, demand drops, ergo the price drops.....................
13
posted on
02/27/2020 2:36:29 PM PST
by
Red Badger
(If people were to God like dogs are to people, the world would be a really great place..............)
To: Red Badger
+1
And I’m cash poor right now...kicking self...
5.56mm
14
posted on
02/27/2020 2:37:54 PM PST
by
M Kehoe
(DRAIN THE SWAMP! Finish THE WALL!)
To: Vigilanteman
The ride will be bumpy, but the takeoff will be awesome!..................
15
posted on
02/27/2020 2:38:35 PM PST
by
Red Badger
(If people were to God like dogs are to people, the world would be a really great place..............)
To: Red Badger
Dow needs to go to around 20,000’ish to deflate the Fed induced bubble.
16
posted on
02/27/2020 2:39:59 PM PST
by
Drago
To: Red Badger
Agree though. When it bounces back...and it will be ready. 👍
17
posted on
02/27/2020 2:59:46 PM PST
by
V_TWIN
To: M Kehoe
Tried to sell today in Canada but they closed the market the last hour of trading due to volumes.
To: Drago
Dow needs to go to around 20,000’ish to deflate the Fed induced bubble.Exactly. Has anyone here looked at a Schiller P/E ratio chart recently. This has been a rather overpriced market for some time. The good news is that we can blame the inevitable correction on the Corona virus which wasn't Trump's fault.
To: Red Badger
Who knows...might be a “flash crash”. Might not be.
But SARS, MERS, Zika and the Swine Flu haven’t killed us all yet. Neither will this one.
20
posted on
02/27/2020 3:07:59 PM PST
by
jdsteel
(Americans are Dreamers too!!!)
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