News Dow bouncing around -1000

[K1052]

Love to flip on the financial channels and start hearing the phrase "nowhere to hide" repeatedly.

 

[Bitek]

Northern Italy is probably the US in a couple weeks and nobody here is even slightly ready for it.

17 days ago there were 21 cases in Italy.

Today 16M people (25% of population) is in quarantine. The industrial heartland is on lock down.

We are moving WAY too slow for this

 

[SteveGrabowski]

17 days ago there were 21 cases in Italy.

Today 16M people (25% of population) is in quarantine. The industrial heartland is on lock down.

We are moving WAY too slow for this

This is going to be brutal here when businesses start having to shut down with no safety net in this country and so many living paycheck to paycheck.

 

[SteveGrabowski]

17 days ago there were 21 cases in Italy.

Also, you have a link on that 21 cases number? Ouch.

EDIT: N/m, found it

 

[local]

People looked at me funny when I said this would change the world a month ago.

 

[zinfamous]

Silly goose, stimuli are for when the economy is roaring. You need something else for when it's crashing!

Blame everyone else and do nothing?

 

[Homerboy]

13% but still If I had to guess, it doesn't hit 13% today.... but trying to predict the market right now is impossible. I am of the opinion that 5 different narratives from different administration people is making it aht much worse. The market is looking for stability, and we don't even get it from people in the same administration.... pandemic, all clear, under control... just a total mess.

But if the Fed would just lower rates (more)!!!

 

[cytg111]

9.82 m/s^2 free fall. Daaaaamn. Sort of what I expected last monday though... More stimulus incoming?

Is this Russia rubbing salt into the wounds of the global economy? Wonder how he will explain Trump how this is not his doing... He will of course.

 

[sportage]

Fox is blaming OPEC and oil prices for todays sudden market crash. Come-on Fox, we've had oil wars and oil fluctuations before and the market did not crash like it has today.
IT'S THE VIRUS, idiots......
I know, I know, you do not want to admit THAT and dare upset your orange leader and savior however, it is what it is.
Just how long can Fox and Trump and the republican leadership whistle through the graveyard?
How bad does bad need to get before?
Or.... does Donald fiddle while Rome burns?

 

[boomerang]

The market is looking for stability, and we don't even get it from people in the same administration.... pandemic, all clear, under control... just a total mess.

So stability would ensue if people were told to not go to work, not leave their house and hide under their kitchen tables while breathing through two pairs of underwear freshly laundered with lots of bleach? That would not be a mess?

How about postponing the primaries? It's got to be bad for people to congregate. Standing in line to vote and then going into those voting booths? Yikes! Maybe the Dem's should lead by example.

 

[glenn1]

This is going to be brutal here when businesses start having to shut down with no safety net in this country and so many living paycheck to paycheck.

Buying opportunity. Gotta wait a bit for the desperation to set in though.

 

[cytg111]

Buying opportunity. Gotta wait a bit for the desperation to set in though.

Ooooooooh I got cash to burn ... I am going deeeeeeeep when this things levels out.

 

[UNCjigga]

Meanwhile, in Riyadh/Moscow...

https://media2.s-nbcnews.com/i/newscms/2018_48/2664811/181130-putin-mbs-square-mn_deb46c58f926c5ca56ee6e763cd95402.gif

 

[cytg111]

Meanwhile, in Riyadh/Moscow...

https://media2.s-nbcnews.com/i/newscms/2018_48/2664811/181130-putin-mbs-square-mn_deb46c58f926c5ca56ee6e763cd95402.gif

I wonder who has been whispering in the D's ear that this virus is a nothingburger and he should actively downplay it in the media... I mean I can guess....

 

[fskimospy]

So stability would ensue if people were told to not go to work, not leave their house and hide under their kitchen tables while breathing through two pairs of underwear freshly laundered with lots of bleach? That would not be a mess?

How about postponing the primaries? It's got to be bad for people to congregate. Standing in line to vote and then going into those voting booths? Yikes! Maybe the Dem's should lead by example.

Well I mean duh, of course things would be more stable if people weren't told by the president that going to work while ill with the virus wasn't such a bad idea.

This is why you don't elect incompetent reality show hosts to be president, they don't know what they're doing. We tried to warn you but you guys were too consumed by tribalism to listen.

 

[glenn1]

Ooooooooh I got cash to burn ... I am going deeeeeeeep when this things levels out.

I've already made some smaller buys on earlier dips. Ain't even mad, you don't need to hit the exact bottom. Some realized loss from a Boomer's retirement account is my gain.

 

[fleshconsumed]

On another note, DJI closed at 19,827.25 on inauguration day of January 20 2017. We only got about 20% more to go before all of the stock market gains under Trump are gone.

 

[UNCjigga]

Ummm, bank error in my favor????

 

[glenn1]

Ummm, bank error in my favor????

10 year T-Note yield at 0.525% after hitting 0.38% earlier today. The calculation algorithm might have never been designed to operate in environment with rates this low. Or might even be complete lack of bids like what happened to commercial paper in the 2008-2009 crash.

 

[cytg111]

Ummm, bank error in my favor????

Cash out now !!!!!!!

edit : Can you spot me a mil?

 

[UNCjigga]

Cash out now !!!!!!!

edit : Can you spot me a mil?

Free Monopoly money for everyone!!

 

[sportage]

“The merchants of the earth will weep and mourn over her because no one buys their cargoes anymore."
“Woe! Woe to you, great city, dressed in fine linen, purple and scarlet, and glittering with gold, precious stones and pearls!"
"In one hour such great wealth has been brought to ruin!"

 

[UNCjigga]

Actual Trump tweet: “Good for consumers! Cheaper gas for everyone!”

He’s also tweeted a few choice memes while the economy craters. Liberal tears must be flowing today?

 

[IronWing]

“The merchants of the earth will weep and mourn over her because no one buys their cargoes anymore."
“Woe! Woe to you, great city, dressed in fine linen, purple and scarlet, and glittering with gold, precious stones and pearls!"
"In one hour such great wealth has been brought to ruin!"

Might as well do it right.

 

[sandorski]

This years Deficit is going to be a doozy. Probably a Record Breaker.