Posted on 03/09/2020 6:40:59 AM PDT by John W
Stocks tumbled on Monday as investors braced for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety.
The Dow Jones Industrial Average tanked more than 1,800 points at the open, while the S&P 500 dropped 7%. The massive sell-off triggered a key market circuit breaker in morning trading. Trading was halted for 15 minutes until 9:49 a.m. ET.
(Excerpt) Read more at cnbc.com ...
Amazing the level of panic the media has fomented.
Faux Snooze is just as guilty as the MSM in this regard.
This year's October surprise will be the market going up 5,000 points.
Total insanity. Democrats, Never-Trump/GOP moderate losers, and airhead bimbos, including some on this site, are doing everything they can to encourage panic.
“Many believe this is an anti-Trump manufactured market panic, myself included. Good for those sitting on some cash, though.”
I’m with you! Actually, it’s a one-two punch. Wipe out the market/economy then create the image of a pandemic to keep the Orange Man home and away from his very successful rallies. BUT, as usual, they may be doing us a big favor by getting this out of the way months in advance of any election! Nothing lasts forever and this won’t either.
The people who believe that are idiots.
Don’t forget zika. IIRC that never made it to the US until obamas watch. Ebola either for that matter.
225,000 were laid up in bed at Christmas. By Jan 03, 2020, 1,587,000 were infected.
Look at the graphs of infections, and fatalities.
https://www.worldometers.info/coronavirus/
Look.
They are not slowing...
Maybe they will, or maybe not.
But still accelerating, at the moment.
Lots of buying opportunities here. Good for the economy in the long run. It allows more Americans into the Market and that helps Trump’s re-election chances.
I'm keeping an eye on things and any stock/fund that dips below my cost basis, I snatch up some more. For stocks, only the ones with good fundamentals - I have a couple dogs I need to part with at some point but they seem to be holding steady in this mess, oddly enough.
Didn't Warren B once say something like, be fearful when everyone is greedy and be greedy when everyone is fearful?
225,000 were laid up in bed at Christmas. By Jan 03, 2020, 1,587,000 were infected.
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The totals for this, could go a LOT higher than that.
And NOBODY has any natural immunity.
Do you have any elderly family members?
Or even yourself?
SARS was during W’s regime.
Not everything is the “deep state” boogeyman.
Decelerating in China, if we can believe their stats.
Accelerating everywhere else.
So, the question is, does this burn itself out in about 4 or 5 months, like it seems to be doing in China, or does it only get suppressed with severe social restrictions, or is it just too soon to tell anything at all?
It’s clearly highly infectious; but what we don’t know yet really is how many people, and with what age distribution, shrug this off.
The world is full of things that could happen sooner, or later.
That's if Berkshire Hathaway and Blackstone Group doesn't snap it all up in a spate of bargain hunting first.
You seem to be advocating for some reason.
Why?
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