Dow Jones down over 500 points.....

[ProudMNDemocrat]

Despite Trump ordering the Fed to drop Interest rates to calm the Market , is tanking again despite yesterday's climb.

[maxsolomon]

1. Sometimes you just have to LOL

The Market is so great, so infallible, yet it responds in a highly emotional collective manner.

[redstatebluegirl]

2. All this winning, I can hardly stand it.

[sandensea]

3. The Trump Slump

To think most Chumpkins (the ones without stock investments anyway) think "the Dow tanked under Obummer" (it rose 162%) "but it's roared under Trump!" (it's up 32% as of this writing).

Alternate realities are so easy to create in some people, I suppose.

[louis-t]

27. That's nothing, I just had a friend tell me

that George W. Bush left the economy in great shape. This is a smart person. I don't understand. She suffered greatly under Bush. Lost her condo.

[sandensea]

31. Incredible.

To paraphrase Paul Simon: they hear what want to hear, and disregard the rest.

[lapfog_1]

4. It doesn't matter how cheap money is...

nobody wants to go to work to make something if that means exposure to a virus that might (even if the risk is small) kill them.

And all that has to be impacted are a few factories that make parts... global supply chain marches through china for almost ever thing mass produced.

Not to mention that everyone moved to "just in time" manufacturing so the impact of even a short term disruption is still massive.

Sometimes I think the human race is simply too stupid to live.

[Meadowoak]

5. Down 640 now.

[PubliusEnigma]

6. The Fed Rate change indicates big time fear of impending Economic Doom.

[lagomorph777]

33. Probably scares the market even more when you try to goose it.

[ProudMNDemocrat]

7. Now down over 600 points.....Inching towards 700 points.

[spanone]

8. -701 now

[Roland99]

9. It's given up 2/3 of yesterday's gain

DOW
-686.44 -2.57%

S&P 500
-73.15 -2.37%

NASDAQ
-216.94 -2.42%

[durablend]

10. Just about time for an emergency campaign rally n/t

[Roland99]

11. Europe was up for the day tho

[Brother Buzz]

12. ETTD, Baby!

[Wounded Bear]

13. There was a buy back yesterday, before the rate cut...

now, back to last week's trend, apparently.

A rate cut won't change the fundamentals behind the drop. Coronavirus has triggered a global slowdown in business and manufacturing. People are selling now, before it goes lower. First quater earnings are trashed, no way it recovers in time to salvage that.

I don't see this as a panic selling. The market has long been in need of a correction.

[kurtcagle]

14. Trump impact even smaller

I've long used a rule of thumb about the market - the first year of a new administration doesn't count because it takes a year to formulate and implement a changed economic strategy. By that measure Trump actually is net negative for the market both currently and long term.

[spanone]

15. -750

[smb]

16. Aw, No Confidence In The Brilliant Leadership Of Napoleon Boneyspurs?? nt

[Johnny2X2X]

17. We are in big trouble people

This 1/2 point drop was historic and this is a very very bad sign for both the economy and for the Coronavirus.

We are about to go through some very trying times.

[ProudMNDemocrat]

18. Fasten your seat belts people.

Our retirement savings lost 10% last week. That is a chunk of change.

Good thing I have some nice commissions on deck.

[Johnny2X2X]

19. Save save save

Now is the time to save your money if you can.

This is the first time I've been really frightened. We haven't had a drop this big since the 2008 meltdown, there is no reason for that big of a drop save for the Fed knows stuff the public doesn't about the Coronavirus and its impact.

[Roland99]

20. Yikes! Almost all of yesterday gains gone now!

Dow 25,733.31 -970.01 -3.63%
S&P 500 2,980.01 -110.22 -3.57%
Nasdaq 8,609.31 -342.85 -3.83%
Oil 46.68 -0.07 -0.15%

GlobalDow 2,927.23 31.51 1.09%
Gold 1,645.90 51.10 3.20%

[Roland99]

21. US 10Yr T-Bill UNDER 1%!! WOW!!

U.S. 10yr 0.930 -0.237

[ProudMNDemocrat]

22. Now down over 800 points.....

What the fuck!

[ScratchCat]

23. I wouldn't put it past this idiot

to go bonkers and start claiming he is issuing Executive Orders to prevent the stock market from going down. The moron has so tied the market to his legacy that we are probably about at the white jacket moment so many have expected.

[Loge23]

24. Of course it is.

The moron-in-chief orders his lackey Powell at the Fed to cut rates. Powell oversteps and cut it a full .5 - a panic cut.
The market, fresh off an avalanche, sees this and reacts accordingly.
We're on the precipice of yet another financial catastrophe caused by - yet again - the GOP and their ignoramus potus.
We are entering a recession that will have to be dealt with by the incoming Democratic administration (let's hope) - yet again.
Will this foolish country ever wake the f%#! up??

[itcfish]

25. So Forcing the Feds

to cut interest rates did not work its magic today? Wow

[defacto7]

26. I pulled my investments out about 3 months ago.

I bought some new pants.

[Maeve]

28. Keeping a tab open with constant updates

https://money.cnn.com/data/markets/ For those who might want to follow.

HOWEVER--the markets will go up and down; there is often a sudden surge one way or the other in the latter part of the trading day. It ain't over until the bell dings and there is always tomorrow. And then the twit might tweet and tank it all....

Keep calm and eat Tums.

[DBoon]

29. "Pushing On A String"

Pushing on a string is a metaphor for the limits of monetary policy and the impotence of central banks. Monetary policy sometimes only works in one direction because businesses and households cannot be forced to spend if they do not want to. Increasing the monetary base and banks’ reserves will not stimulate an economy if banks think it is too risky to lend and the private sector wants to save more because of economic uncertainty.

https://www.investopedia.com/terms/p/push_on_a_string.asp

[ProudMNDemocrat]

30. Down almost 1,000 points an hour ago.

Looks like the Market is trying to rally back. Down is still down.

Anything can happen before the closing bell rings.

[smirkymonkey]

32. Closed today at −785.91 (-2.94%)