Posted on 02/28/2020 6:27:30 AM PST by rdl6989
U.S. stock futures pointed to more losses early Friday after the major indexes suffered a tumble that sent them more than 10% below their record highs.
As of 9 a.m. ET, Dow Jones Industrial Average futures were down about 600 points and indicated an opening loss of 800 points. S&P 500 and Nasdaq 100 futures also pointed to a lower open on Friday.
Futures were under pressure in part because investors kept adding to their bond-market exposure. The benchmark U.S. 10-year Treasury yield touched a fresh record low. It was last at 1.18%. Yields move inversely to prices.
(Excerpt) Read more at cnbc.com ...
Sounds like a buyer’s market.
Retail investors have finally heard about what has been going on! They always sell at the end of the crash. I expect that a lot of 401K holders are transferring their balances to a money market fund as of the end of the month. This means that Vanguard and Fidelity will have to dump millions of shares of S&P 500 stocks.
Some good will come of this.
China will lose its *unquestioned* preeminent status as an economic superpower.
Many companies that went all in on using China for manufacturing and production and no plans for backup capabilities not in China are going to suffer some pretty big losses.
It should help these companies re-consider their choices on where their products are made.
What was the DOW when Trump was elected. 18500?
baltic dry index is tanking
I wouldn’t be so sure right now. Got shorts in most of everything several weeks ago and it pays off big time.
The Israelis will have a vaccine in 3 months. The virus spreads like crazy, but hasn’t been as devastating outside of the area around Wuhan.
I still think investors were getting jittery over the long term bull market and were looking for a reason to pull back. The smart plan would have been to pull back when news first broke about corona. I’m not that smart, so I get to endure a bumpy ride.
The rats allies in K Street are doing there best to tank the economy. MSM is going all out to help the effort.
Isn't that the old Wall Street dictum: Sell low, buy high?
Not sure about long term effect. I think it would recover sooner than others based on available information.
Not unless you think we're near the bottom.
This all just seems stupid and I'm thinking computer trading is to blame. Surely a real person realizes that nothing has fundamentally changed. It isn't the plague. There aren't wagon loads of bodies in the streets. What the hell?
Still getting the kids out of the investment game. The calmer heads will prevail soon.
I haven’t lost a dime yet. Haven’t sold any shares.
“It should help these companies re-consider their choices on where their products are made.”
I suspect the order of the day will be to ignore this as an unusual event and keep on using China to save on mfg costs. The short term gain is what matters.
That's if Gilead Sciences' Remdesivir doesn't help many people first. Test trials in China has shown a lot of promise in getting people healthy again.
I haven’t had any money in the market EVER.
So this is just noise to me.
Mr Herbert Hoover says that now’s the time to buy
So,
Let’s have another cup o’ coffee and let’s have another piece of pie
China shut down their entire economy for a month.
American businesses that depend on intermediate goods coming from China do not have those goods. That means those businesses now must shut down and wait for parts to arrive.
That means layoffs. Also some weakly capitalized firms will fail very quickly. That means banking losses. Banks will pull back risk taking.
Things are very different now than they were two months ago.
The bond market is pricing in economic outcomes FAR worse than what is currently in the stock market.
> I haven’t lost a dime yet. Haven’t sold any shares. <
Bingo. The only two prices that matter are your buying price and your selling price. The prices in between don’t matter.
So the only folks who need panic now are the ones who need their stock money in the next couple of months. But those folks shouldn’t have been in stocks in the first place.
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