General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHere it comes! DJIA futures down 700+points
and falling.
Coronavirus meltdown.
https://www.cnbc.com/pre-markets/
Totally Tunsie
(10,885 posts)Renew Deal
(81,801 posts)A health panic. What happens if people start hoarding food and supplies? Might be good for Costco stock.
Cosmocat
(14,543 posts)But, we have seen huge drops like this and the market bounces back, they are desperately trying to keep is rolling till he gets reelected.
Girard442
(6,059 posts)...after the Fed signals that they'll dump as many $billions into the system as it takes to buoy it back up.
Not clear how long they can keep this working.
My foot was glued like lead to the floor.
That's all there is boys and there ain't no more.
empedocles
(15,751 posts)of potential sellers are gigantic.
bucolic_frolic
(42,665 posts)can definitely help, but a QE type situation injecting liquidity is not going to help. This is a supply side shock (see 70's) rather than a demand side shock (Great Recession).
mnhtnbb
(31,318 posts)Ugly day, indeed. Fasten your seat belts!
empedocles
(15,751 posts)The intervenors are prepared. This will take some time.
duforsure
(11,882 posts)But in the end people will realize his policies promoting more wealth for the wealthy has backfired now that his clams are exposed from not working, just like they didn't for W bush when he tried this. The markets will fall from his policies and his skyrocketing deficit, so expect him to blame all social programs , and anything going to the poor or middle class. He wants all health care reduced, all Medicare and Medicaid watered down, and he wants to do the same thing hurting Social Security with slick changes making it impossible to receive disability from Social Security, which we pay to have. His economy is only working for the wealthy as the rest of us face less health care options, and increasing prescription drug prices , and higher prices from his idiotic trade wars he started . Now trump wants more of our money to bribe the farmers too, to get their votes with, while driving the deficit much higher from his failing trade wars.He's done this in business many times causing his bankruptcy problems , over and over again, but now its with this county he's doing it.
blue-wave
(4,313 posts)bucolic_frolic
(42,665 posts)If you need critical parts that require regular replacement, be best and head to the store.
LastDemocratInSC
(3,625 posts)We would need to ask for a 6 month delay in the start of hostilities so THEY can make enough military uniforms for our soldiers.
bucolic_frolic
(42,665 posts)we are so screwed
dailytroubadour
(41 posts)It's gonna be a wild ride.
Wondering whether, in addition to the coronavirus panic, big finance is getting spooked by Bernie's surge.
Warning shot?
bucolic_frolic
(42,665 posts)so I really doubt Wall Street is paying any attention. They know it's not possible, and the only real concern they have is Warren's re-regulation if a Democratic candidate wins in November.
mgardener
(1,799 posts)Hours already cut due to the tourist industry taking a hit.
Lots of Japanese and Chinese tourists there.
superpatriotman
(6,232 posts)The smoke will clear, the mirrors will break
empedocles
(15,751 posts)of trump's manipulated market highs, - 30% is a more normal times 'correction'.
An important key is 50%.
Interventions, will be more aggressive and rampant. It will take time to play out. 1929 took over 2 years of decline becore bottoming out [in the 90% decline range].
IronLionZion
(45,256 posts)so we were due for a correction. The big one is yet to come.
gab13by13
(20,864 posts)during a good economy that artificially stimulated the economy.
The Fed has bought I think 2 trillion worth of US Treasury bonds. There has to come a point when the Fed has no more bullets to fire, deflation would be really bad.
Mike 03
(16,616 posts)NASDAQ futures down 257
watch here: https://www.bloomberg.com/markets/stocks/futures