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 ...
Also, the administration should keep Larry Kudlow off the TV set.
“...The rats allies in K Street are doing there best to tank the economy. MSM is going all out to help the effort....”
Typical, anti-American POSs. They’d kill millions and destroy the world economies just to take out the POTUS. Classic lib insanity at its very finest.
IF one of em happened to walk onto my property right now, I’d likely go full Nagan on em for at least a good 30 minutes....I need to find a baseball bat and some barbed wire around here just in case. LOL.
If it bleeds, it leads.....
Turn OFF the boob tube.
I’d wait until it’s in the mid/high teens.
Cnbc said buy on monday.
Pure and simple profit taking.
Good point. I also wonder whether Dems are still calling this the “Obama Recovery and Economy”? Trump will gladly take the responsibility for what happens on his watch, which will ultimately be a big recovery.
I would support any bill that would force all product ingredients and components for any American company that sells essential consumer products (not cell phones or TVs)in the U.S., but manufactures primarily in China, to be filed with DC, where in the event they cannot deliver goods to this market, that access to those trade secrets can be loaned to majority domestic companies to manufacture at no charge to them.
And that a tariff fee is assessed to be used for the construction of automated manufacturing plants in the U.S. that can be activated within a month to turn-out product if needed.
In-fact, delivery drones, 3D printing, automation, and self-driving cars are now things I fully get behind.
It doesnt have to “take over”, it just needs to be there.
“The Israelis will have a vaccine in 3 months. “
I doubt that. There may be a vaccine developed by then, but it requires months of testing afterward. They’re hoping there may be one by the Fall.
Was overpriced anyway. Still, will make some Americans ornery.
Nobody calling this a bear market...yet.
If I were buying stocks (which I am not) I would sit on the sidelines and let this play out for a month or so...
Then you will have more solid information on where the world economy is going.
Bonus—you may be able to buy in at much lower prices.
Same here. I'm usually too timid to admit it, but I have "stupid" CD's at the dumb old bank. And farm land.
I’m sitting with 75K in cash ready to go...but it’s not going to jump up for a good month. When it does the rise will be epic, you won’t want to miss even a day.
Yes, but this is the first time retail investors have been invested mainly in the S&P 500. This is why all stocks are going down in unison.
Trump fell 5 pts in Rasmussen ovee last 3 days.
Huh? See post 19. That will tell you whats really going on. What does K Street have to do with anything?
That's good news for the "container housing" industry. Lots of unused shipping containers.
I will be buying a bunch of it today!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.