Author Topic: Dow Jones plummets 900 points as coronavirus cases surge (Read 4354 times)

Applewood · « **Reply #25 on:** February 25, 2020, 02:48:41 pm »

Quote from: XenaLee on February 25, 2020, 02:37:47 pm

Meanwhile..... aholes like Soros get even more filthy rich off of the misfortunes of others. Makes you wonder if some of these scenarios might be contrived.

I've often thought it weird that when someone hiccups, the market falls. This virus -- ok, it has adversely affected businesses dealing with China, but really -- the market plunges bigly? Just hard for me to grasp.

By the way, the president should be careful what he says. His remarks yesterday about the market doing well as the Dow tanks do not inspire confidence and actually may make things worse.

skeeter · « **Reply #26 on:** February 25, 2020, 02:56:26 pm »

Quote from: Fishrrman on February 25, 2020, 12:23:24 am

Cyber wrote:
"That is exactly what the Rats are praying for. They want people to die so they can declare this "Trump's Katrina.""

And skeeter replied:
"I have no doubt about that. They are insane to win power back."

If the China epidemic turns pandemic, and if it breaks out here, and if the stock market continues to slide, it could very well have great impact on the coming election.

I predict we'll see the democrat-communists actually opposing the efforts Mr. Trump and the Republicans make to keep a lid on things.

Schumer and nanna have already begun to set the table for how they're gonna play this.

Its so transparently & predictably political I don't know why everyone isn't completely repelled by these people. They are irredeemably deranged.

Applewood · « **Reply #27 on:** February 25, 2020, 03:12:00 pm »

Quote from: skeeter on February 25, 2020, 02:56:26 pm

Schumer and nanna have already begun to set the table for how they're gonna play this.

Its so transparently & predictably political I don't know why everyone isn't completely repelled by these people. They are irredeemably deranged.

The media is helping the Dems in this regard as well. WaPo and the Times are already doing the phony wringing of their hands over how this drop will adversely affect Trump's re-election chances.

XenaLee · « **Reply #28 on:** February 25, 2020, 03:14:52 pm »

Quote from: Applewood on February 25, 2020, 02:48:41 pm

I've often thought it weird that when someone hiccups, the market falls. This virus -- ok, it has adversely affected businesses dealing with China, but really -- the market plunges bigly? Just hard for me to grasp.

It's all about perception. If the powers that be (investors) perceive that due to the Coronavirus (or whatever other disaster might be occurring) that they will be losing money, the investors pull out money and the market suffers (lowered stock prices). People like Soros then swoop in and take advantage. It's a system that enables the vultures to feed off of disasters.... so they do.

Quote

By the way, the president should be careful what he says. His remarks yesterday about the market doing well as the Dow tanks do not inspire confidence and actually may make things worse.

I am forced to agree. But the market WAS doing well before it tanked yesterday. Just.... sayin....

skeeter · « **Reply #29 on:** February 25, 2020, 03:18:05 pm »

Quote from: Applewood on February 25, 2020, 03:12:00 pm

The media is helping the Dems in this regard as well. WaPo and the Times are already doing the phony wringing of their hands over how this drop will adversely affect Trump's re-election chances.

There was a time when such blatant political opportunism would've been widely recognized & condemned.

I do not know if the public, least of all rank and file democrats, are capable of evaluating the morality of such tactics any longer.

Free Vulcan · « **Reply #30 on:** February 25, 2020, 03:33:00 pm »

Quote from: Applewood on February 25, 2020, 02:48:41 pm

I've often thought it weird that when someone hiccups, the market falls. This virus -- ok, it has adversely affected businesses dealing with China, but really -- the market plunges bigly? Just hard for me to grasp.

By the way, the president should be careful what he says. His remarks yesterday about the market doing well as the Dow tanks do not inspire confidence and actually may make things worse.

We were due for a correction anyway. The coronavirus just made it more dramatic.

What I worry about is what happens from here. This is not like a nuke or an earthquake, a localized one-time event.

This is still growing and spreading, people are getting sick, being quarantined, and unable to work on a global basis.

That hits all end of the supply chain, as well as demand. Once it's lost, it's lost, and may be difficult to rebuild back to 100% of the previous output.

Applewood · « **Reply #31 on:** February 25, 2020, 03:45:23 pm »

Quote from: Free Vulcan on February 25, 2020, 03:33:00 pm

We were due for a correction anyway. The coronavirus just made it more dramatic.

What I worry about is what happens from here. This is not like a nuke or an earthquake, a localized one-time event.

This is still growing and spreading, people are getting sick, being quarantined, and unable to work on a global basis.

That hits all end of the supply chain, as well as demand. Once it's lost, it's lost, and may be difficult to rebuild back to 100% of the previous output.

That was one hell of a "correction" yesterday. LOL

By the way -- personal note -- just got off the phone with the advisor. He told me keep my nest egg as is. I believe Warren Buffett said the same thing -- don't buy or sell. I lost around $3,000 yesterday -- not happy about it, but it's not a total disaster. I'm lucky my adviser talked me into spreading my money around to different investment vehicles. When the Dow goes south, I still have the others to fall back on. I just hope this doesn't get worse and eventually impact the others.

Applewood · « **Reply #32 on:** February 25, 2020, 03:48:48 pm »

By the way, guys, I'm looking at a chart of global markets. The only one up today is Dow Jones-Shenzhen (China) by 3.12.

Free Vulcan · « **Reply #33 on:** February 25, 2020, 03:59:42 pm »

Quote from: Applewood on February 25, 2020, 03:45:23 pm

That was one hell of a "correction" yesterday. LOL

By the way -- personal note -- just got off the phone with the advisor. He told me keep my nest egg as is. I believe Warren Buffett said the same thing -- don't buy or sell. I lost around $3,000 yesterday -- not happy about it, but it's not a total disaster. I'm lucky my adviser talked me into spreading my money around to different investment vehicles. When the Dow goes south, I still have the others to fall back on. I just hope this doesn't get worse and eventually impact the others.

In absolute numbers it was, percentage wise fairly normal. It just happened in one day instead of the usual several.

I'm a day trader, so I'm more about hitting tops and bottoms, when to get in and out. Not much of a fan of Warren Buffet.

Applewood · « **Reply #34 on:** February 25, 2020, 04:13:53 pm »

Quote from: Free Vulcan on February 25, 2020, 03:59:42 pm

In absolute numbers it was, percentage wise fairly normal. It just happened in one day instead of the usual several.

I'm a day trader, so I'm more about hitting tops and bottoms, when to get in and out. Not much of a fan of Warren Buffet.

No fan of Buffy either, but it looks like this is the advice many of us are getting.

I'm in a bind. For a long time I made some unwise investment decisions that caused a lot of damage to my retirement nest egg, so I'm playing "catch up" so to speak. At my age, I should be more invested in safer vehicles, but I still need growth and alas, the market is the best and maybe only place I can get it. Unfortunately, it's a hell of a risk.

Cyber Liberty · « **Reply #35 on:** February 25, 2020, 04:25:05 pm »

A "correction"is a 10% drop, and we didn't get anywhere near that yesterday, as bad as it was. Meanwhile, there's another drop today under way, -365 as of now. We are certainly headed toward the expected correction.

mountaineer · « **Reply #36 on:** February 25, 2020, 04:45:55 pm »

My advisor always says to stay the course.

Fishrrman · « **Reply #37 on:** February 25, 2020, 06:05:04 pm »

Down 500 at 1pm.
Will it recover or sink further by closing time?

(I haven't had any skin in stocks for many years...)

Addendum:
Down 900+ by 2.30pm
How low will it go...?
How many days like the last two before they suspend trading for a while...?

libertybele · « **Reply #38 on:** February 25, 2020, 07:48:30 pm »

My advisor suggested staying the course mainly -- selling just a few stocks to reduce some risk and those not paying the great of a dividend anyways and to definitely get out of international exposure.

Applewood · « **Reply #39 on:** February 25, 2020, 07:52:10 pm »

And as of now, the Dow is down a little over 900. Sigh!

mystery-ak · « **Reply #40 on:** February 25, 2020, 08:06:19 pm »

Dow falls more than 800 points as health officials brace for US coronavirus spread
https://thehill.com/policy/finance/484541-stocks-sink-as-health-officials-brace-for-us-coronavirus-spread

libertybele · « **Reply #41 on:** February 25, 2020, 09:18:46 pm »

Quote from: mystery-ak on February 25, 2020, 08:06:19 pm

Dow falls more than 800 points as health officials brace for US coronavirus spread
https://thehill.com/policy/finance/484541-stocks-sink-as-health-officials-brace-for-us-coronavirus-spread

IMHO when when cases start rising in the U.S. is when we will see a recession. I'm hoping it doesn't get to that point.

catfish1957 · « **Reply #42 on:** February 25, 2020, 10:04:15 pm »

Quote from: Applewood on February 25, 2020, 07:52:10 pm

And as of now, the Dow is down a little over 900. Sigh!

Buying opportunities coming soon. That's how I made out well in '87, '01, and '09. Still need about another 10-15% correction for me to really bite.

Idiot · « **Reply #43 on:** February 26, 2020, 04:08:43 am »

Quote from: catfish1957 on February 25, 2020, 10:04:15 pm

Buying opportunities coming soon. That's how I made out well in '87, '01, and '09. Still need about another 10-15% correction for me to really bite.

IsailedawayfromFR · « **Reply #44 on:** February 27, 2020, 02:03:50 am »

Quote from: Free Vulcan on February 24, 2020, 10:10:08 pm

@Applewood I cannot legally tell you how to invest your money. If it were my money, at only a few percentage points off the high from the huge bull run we just had, I would be OUT of the market and in cash as fast as I could get there.

As I said above, this is a serious supply side economic shock. Not something you can just speed bump over and continue at cruising speed. This is going to dent the world economy in a serious way, and the downside risk to the market is huge.

That's what I'd do if it were me anyway. Give it thought.

already done.

Those who stay 100% in after seeing their next egg shoot up to ridiculously high levels are not risk-takers.

They are just plain stupid.

IsailedawayfromFR · « **Reply #45 on:** February 27, 2020, 02:07:08 am »

Quote from: mountaineer on February 25, 2020, 02:12:01 am

They'd be elated if thousands die. Dems are sickos.

And they can make this happen.

Take California for example. It can deliberately import infected people then spread them out to the general populace in Greyhound buses to other states in order to instill panic as the virus spreads.

Nothing is past the primeval ooze these libs sprung from

IsailedawayfromFR · « **Reply #46 on:** February 27, 2020, 02:08:25 am »

Quote from: catfish1957 on February 25, 2020, 10:04:15 pm

Buying opportunities coming soon. That's how I made out well in '87, '01, and '09. Still need about another 10-15% correction for me to really bite.

Yep. Only if one remained solely in equities is that opportunity lost.

mystery-ak · « **Reply #47 on:** February 27, 2020, 03:45:03 pm »

Dow plunges deeper into correction territory, is now down 950 points
Published Wed, Feb 26 20206:01 PM EST Updated Moments Ago

https://www.cnbc.com/2020/02/26/dow-futures-fall-after-microsoft-issues-coronavirus-warning.html

catfish1957 · « **Reply #48 on:** February 27, 2020, 03:55:01 pm »

Quote from: mystery-ak on February 27, 2020, 03:45:03 pm

Dow plunges deeper into correction territory, is now down 950 points
Published Wed, Feb 26 20206:01 PM EST Updated Moments Ago

https://www.cnbc.com/2020/02/26/dow-futures-fall-after-microsoft-issues-coronavirus-warning.html

CVX @ 94?
XOM @ 50?

Getting interesting.....

Idiot · « **Reply #49 on:** February 27, 2020, 04:35:54 pm »

Quote from: catfish1957 on February 27, 2020, 03:55:01 pm

CVX @ 94?
XOM @ 50?

Getting interesting.....

XOM paying 6% dividend at this point....very very interesting.