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The Mouth

(3,416 posts)

3. A lot of the decline is panic

Reply to duforsure (Reply #2)

Wed Mar 11, 2020, 01:37 PM

Mar 2020

Many fundamentals are strong. A correction of about 10 percent was expected even before all this pandemic stuff.

The market is the only place where people run OUT of the building when there's a sale on.

Personally, I'm not worried in the slightest about either Covid19 nor the market, staying in and even increasing my investment and simply taking slightly more thorough than normal precautions.

YMMV but I really hold the 'sky is falling, its the end of the world as we know it, OMG we're all going to die' bullshit in contempt, people watch too many fucking movies.

Panic is more dangerous than all the viruses and firearms and ecological catastrophes combined.

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Highlight:

Dow down over 1,100 points as hopes fade for swift U.S. fiscal stimulus response to coronavirus [View all] turbinetree Mar 2020 OP

You fight virus with a public health program, not tax cuts and silencing free speech bucolic_frolic Mar 2020 #1

The way the economy is tanking duforsure Mar 2020 #2

A lot of the decline is panic The Mouth Mar 2020 #3

I'd say much of the decline is predicated on current volatility rather than panic. LanternWaste Mar 2020 #10

Well, overall the tone on DU is more rational The Mouth Mar 2020 #15

I keep saying to hell with a payroll tax cut................. turbinetree Mar 2020 #4

another 2000 point down day? Javaman Mar 2020 #5

So this is why he is playing down the virus: the country is crumbling at his watch. C Moon Mar 2020 #6

Elliott wavers saying this is just one leg down. [More down to come]. empedocles Mar 2020 #7

I own only one stock, shares that were awarded as part of my retirement plan years ago... George II Mar 2020 #8

First dive was due to virus randr Mar 2020 #9

hard to have a fiscal package for something we have no idea where its going into crashing beachbumbob Mar 2020 #11

Need swift response on testing & info for public. Fiscal stimulus doesn't solve root problem (tRump) Bernardo de La Paz Mar 2020 #12

If one has been following the real Wellstone ruled Mar 2020 #13

The only stimulus that will work is the end of Trump's term Politicub Mar 2020 #14

#StepDownTrump #TrumpVirus n/t area51 Mar 2020 #16

If he resigned, that might provide some stimulus IronLionZion Mar 2020 #17

"fiscal stimulus" read between the lines people. Fiscal stimulus does not make people well or immune Kashkakat v.2.0 Mar 2020 #18