Posted on 03/16/2020 1:01:12 PM PDT by BradtotheBone
Stocks fell sharply Monday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. The S&P 500 dropped 12.1% while the Dow Jones Industrial Average fell 3,065 points, or 13.2%. The Nasdaq Composite traded 12.6% lower.
The major averages fell to their lows after President Donald Trump said the worst of the outbreak could last until August. He also told reporters the U.S. “may be” heading into a recession. The S&P 500 fell as much as 11.4% while the Dow lost more than 12% earlier. The Nasdaq was briefly down 11.7%. “The markets are getting no break with yesterday’s historic Fed actions and COVID-19 dominating the world’s headlines,” Frank Cappelleri, executive director at Instinet, said in a note. “While the news continues to worsen and with the price action doing things we’ve only seen a handful of other times in the last century, it’s nearly impossible to keep things in perspective.” “We can’t argue the facts, and we’re dealing with a much bigger issue than just the economy,” Cappelleri said. Monday’s losses put the Dow down 28% from its all-time high and the S&P 500 and Nasdaq more than 26% below their records last month. At one point, the Dow was down 30% from its record.
(Excerpt) Read more at cnbc.com ...
Yes, exactly. I think it's actually quite a valid measure.
Swamp Puppet Slow Joe Biden the next President. Off the grid time.
“Smarter ones are buying more shares on the way down.”
Don’t disagree in theory. My biggest problem so far has been knowing when to pull the trigger and buy. I’m reluctant to buy considering the market could still fall further.
Read my posts in this thread, and tell me what you think.
Not like they provided any value to the country or economy.
I'm sure we would recognize many big names on that list.
Preferreds have many advantages. The good ones should be scooped up if they have taken a significant hit. Good luck finding them.
Look up "scaphism"
“Soros really needs to be hung by the neck until dead, seriously, no kidding”
Agreed. This a-hole has brought turmoil and trouble to wherever gets involved.
I’m surprised that after all this time no one has gotten to him already. All the money and bodyguards can’t protect a guy forever - especially one who’s created as many enemies as he has.
A fairly good signal is when the bears in the financial press go quiet. If they persist in remaining quiet for a second or third day, be ready.
“I wonder who ended up with all that money.”
It is a fallacy to look at it that way The “money” never existed in the first place. It was simply a valuation. Only when your shares are sold is there actual money involved.
Probably illegal.
I think hanging is still legal. Don’t know for sure.
Exxon’s dividend rate is 9%
AT&T is 6%
I hate conspiracy theories, but could market manipulation be part of a DemocRAT plan to get rid of Trump? Mueller didn’t work, impeachment didn’t work, now in desperation they blow a hole in the bottom of the boat. Another “insurance” policy?
Those yields look juicy, until the companies cut the dividend.
It’s all just a coincidence that months before anyone even knew about this virus folks were saying that the left would try to mess up Trump’s economy.
It was pretty much all that was left since they failed at all other attempts to get Trump.
It might not have been their plan, but they’re sure enjoying watching it happen.
Note that he’s a naturalized US citizen with dual or triple citizenship.
But as a naturalized US citizen he was required to take an oath of allegiance to the United States.
An oath of allegiance is the threshold that separates treason from seditious conspiracy.
Treason is punishable by death.
Soros can be executed under capital punishment.
I expect him to renounce his US citizenship but it doesn’t mean the US has to revoke it. So he can still be executed regardless.
Yes.
The virus is a problem for sure, but what they are doing to the economy is 10X worse.
Many people are going to be hurting a a few weeks/months.
When the “cures” are worse than the disease, in terms of totol ACTUAL impact. The demands for changes that are causing massive economic impact are going to, collectively, kill more people than Cov-19.
Though I’ll admit to not knowing much about ‘the market’, this strikes me as the most ominous thread of the day . . .
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