News Dow bouncing around -1000

[K1052]

I wonder how much travel and conferences are part of the economy.

Has to be high hundreds of billions in direct spend and 2 or 3 times that in total economic impact. So a lot.

 

[soundforbjt]

All activities involving going out in public are feeling the crunch. I'm glad I no longer have to travel for a living.

 

[hal2kilo]

All activities involving going out in public are feeling the crunch. I'm glad I no longer have to travel for a living.

Definitely staying away from the casinos.

 

[Jhhnn]

seems to me that buying fake gdp growth on margin when times are good was a really really stupid idea, especially when you need a warchest for when shit hits the fan. It's almost like millions of people were explaining this problem for years now, but a lot of dummies didn't listen.

funny, that.

Yeh, maybe corporate borrowing for stock buybacks won't turn out well when actual revenue falls well short of revenue projections. Cash reserves are a waste of Capital. Who cares, right? The Execs got theirs. The Company? You think they care about the Company? They'll ride that nag right into the dirt, chin first, for the big money. Perverse incentives abound.

 

[Roger Wilco]

I'm going to a big conference thing in Chicago next week. Realllly hoping it gets canceled.

 

[hal2kilo]

I'm going to a big conference thing in Chicago next week. Realllly hoping it gets canceled.

Glad I don't have to do any company travel anymore.

 

[cytg111]

seems to me that buying fake gdp growth on margin when times are good was a really really stupid idea, especially when you need a warchest for when shit hits the fan. It's almost like millions of people were explaining this problem for years now, but a lot of dummies didn't listen.

funny, that.

You are clearly a nevertrumper .. expect to get sued.

 

[fleshconsumed]

Perhaps I'm wrong, and I've been plenty wrong before, but this still does not feel as onerous as the market drops on trade war jitters in begining/end of 2018. Again, I do not know how the coronavirus plays out and how much damage it does to global economy, maybe little, maybe a lot, but I think it's still a lot more predictable than Trump rocking the boat with Trade Wars. I feel like a temporary slowdown in world economy due to virus is going to be a lot easier to mitigate than undoing Trump's Trade Tariff damage. At least that's my current opinion.

 

[Jaskalas]

Perhaps I'm wrong, and I've been plenty wrong before, but this still does not feel as onerous as the market drops on trade war jitters in begining/end of 2018.

I'd like to introduce you to a straw. This specific straw has a particular set of skills. You see, this is the straw that broke the camel's back.

Also... as explained by others above... companies compete by throwing around more cash than they actually have. This borrowing is... shall we say, VERY expensive, if they fail to pay it back in time. If, for any reason they stumble. Profits will be missed and heads will roll. The market has to take that in.

 

[Jaskalas]

Oh, and this... Japan is closing all schools for a month in an effort to combat the spread of COVID-19.

The world is spooked and taking increasingly drastic measures. Seems only fair for the market to panic.

 

[MomentsofSanity]

UPDATE 6: The technical halt will remain in effect for the remainder of the day on TSX, TSX Venture and TSX Alpha. As a result, the TSX Market on Close Facility will not run today. We apologize for the inconvenience.

 

[hal2kilo]

UPDATE 6: The technical halt will remain in effect for the remainder of the day on TSX, TSX Venture and TSX Alpha. As a result, the TSX Market on Close Facility will not run today. We apologize for the inconvenience.

Stack overflow.

 

[K1052]

Holy fuck

 

[LurchFrinky]

Kind of accelerated at the end there.

 

[hal2kilo]

Over -3000 on the Dow for the week. Trump needs to use better words. That will surely fix this.

Goldman Sachs predicting 0 growth for the year. What is Trump going to run on?

 

[Paratus]

Holy fuck

Today on wall st

 

[Jaskalas]

Over -3000 on the Dow for the week. Trump needs to use better words. That will surely fix this.

Goldman Sachs predicting 0 growth for the year. What is Trump going to run on?

As always, it's other people's fault.

Time to give Pence the boot for failing.

 

[Arkaign]

Today on wall st

You must include commentary in your own words in every post in P&N.

Perknose
Forum Director

 

[Vic]

Ouch.

 

[vi edit]

Maybe sitting on cash for a while isn't a terrible plan.

 

[cytg111]

Who knows maybe it will be the spark that ignites the fire .. but

Israeli scientists: 'In a few weeks, we will have coronavirus vaccine'

Once the vaccine is developed, it will take at least 90 days to complete the regulatory process and potentially more to enter the marketplace.

www.jpost.com

You think they will give it to Iran?

 

[ElFenix]

might get his 4th opportunity to brag soon:

https://twitter.com/x/status/948944124132167680

https://twitter.com/x/status/1018069319702458368

 

[ElFenix]

(cont because we can only link to 2 tweets in one post)

https://twitter.com/x/status/1090729920760893441

 

[Bitek]

Maybe sitting on cash for a while isn't a terrible plan.

Man, I was thinking of you. What timing!

 

[Bitek]

Over -3000 on the Dow for the week. Trump needs to use better words. That will surely fix this.

Goldman Sachs predicting 0 growth for the year. What is Trump going to run on?

Lies and racism.

Basically same as 2016.

Prolly spice it up a bit and add evil socialism as a kicker.