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 ...
“...I also wonder whether Dems are still calling this the “Obama Recovery and Economy”?...”
ROFLMAO! You know darn well that this week has shut em up reaaaaalll quick. They’re all back to blaming POTUS now.
Heard/read somewhere that the RAT party leadership was hoping the virus would kill at least a million Americans so they could blame Trump. These people are insane. They never take responsibility for anything negative....useless POSs that they are.
Bernie is the face & voice of the RAT party whether they like it or not.
How are the foreign markets doing in comparison? If markets around the world are taking similar hits we just have to be patient and wait for the inevitable recovery once the crisis wanes.
Is Goldman Sachs part of K Street? Yesterday they declared there will be no growth this year. Sabotage
Fomenting panic.
Nice job, MSM
I totally agree... stocks are a long-game venture. When the market is skyrocketing, too many immature kids who have no business investing throw money into the game, only to run like scared rabbits at the first sign of trouble.
I have been in the market long term.
This will pass.
I made a mistake in 2000 getting out and moving to ‘safe’ so called funds.
I realized that was not good to sell low and buy high later.
Even when I’m gone the funds will go to my family who will decide what they would like to do with them, sell, move, or keep, at that time.
Better now than in October.
> I totally agree... stocks are a long-game venture. <
Warren Buffett once said something like: I don’t know what the stock market is going to do tomorrow. But I do know that it will be higher ten years from now.
So if you don’t need the money for a decade or more, buy stocks. Then reduce your stock exposure as your cash-out time nears. That’s why I like those target-year funds. They do all that for you automatically.
I just wish those funds were available when I was 20.
“ I would sit on the sidelines and let this play out for a month or so...”
Any tailspin will stop by April 15, as that is the last day to contribute to IRAs for 2019.
The folks I feel sorry for are the ones selling stocks and buying bonds with that money right now.
I still fear interest rate risk more than market risk.
The dems can hardly contain their excitement...if they cause it to crash ..it will be jubilation.
Long-term investors (> 10 year investment horizon) should be buying since stocks are ON SALE! I just loaded up on Disney (DIS) earlier today. I’m thinking about adding to my Netflix (NFLX) long position also.
Please revise to include 2008-2016; as displayed it’s verging on concern trolling.
FIRE!!! FIRE!!!
And half of that gain has been wiped out in less than 2 weeks.
i don’t sense panic among the general population.
Welcome to the market.
There is no room in it for the timid.... ;-)
Biden will win SC and Super Tuesday. A crash + recession, or even talk of impending recession will make Biden vs. Trump suddenly a far more competitive contest. The Deep State has many levers to pull. Are they pulling the panic lever to get rid of Trump?
look at gold, even it’s down...
Glenn Beck please pick up the white courtesy phone, Glenn Beck to the white courtesy phone.
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