Looks like the markets have steadied out w/ daily losses near 5.5-6%. The 7% circuit breaker certainly helped a bit
Just got to hope that last hr does not fall off the cliff....after 3:25 nothing can stop it until it hits -20%
Looks like the markets have steadied out w/ daily losses near 5.5-6%. The 7% circuit breaker certainly helped a bit
None of the rest of the world is approaching that level of panic. We might fluctuate a few percent from where we are, but I don't see us crashing into the bell. What a distraction from the Coronavirus, though!Just got to hope that last hr does not fall off the cliff....after 3:25 nothing can stop it until it hits -20%
None of the rest of the world is approaching that level of panic. We might fluctuate a few percent from where we are, but I don't see us crashing into the bell. What a distraction from the Coronavirus, though!
I understand. I'm a pure capitalist at heart. But, oil is used by countries to push their political agendas. Energy (oil) is something that this country has become reliant on to function.Here's the problem though....bailouts allow for business that should exist to continue operation. An unprofitable business has no reason to innovate or do things better if they're having to rely on artificial price discovery or frequent injections of stimulus for support. The moral hazard in our economy is off the charts because of the continued bailouts, liquidity injections, and artificial monetary support that has existed for years now. It is not sustainable long-term, and it will eventually lead to the collapse of the economy.
I’m always inherently skeptical of these early-mid day rallies in a fragile market like this, the last few weeks have shown basically anything can happen after that and things become very tumultuous after mid portions of the day & we’ve seen several instances of late day sell-offs.Dow futures, which dipped lower than the cash Dow during the halt, are now over 1,000 points higher than they were 2 hours ago!
oh there will be a big selloff after 2:30/3 or soI’m always inherently skeptical of these early-mid day rallies in a fragile market like this, the last few weeks have shown basically anything can happen after that and things become very tumultuous after mid portions of the day & we’ve seen several instances of late day sell-offs.
We’ve basically erased all of those gains and are closing in on session lows atm.
The Dow is down nearly -1900 yet again.
Referring to earlier discussion about Russia and the Saudis and their oil prices, I was watching Fox Business earlier today and they were saying Russia was lowering prices solely to kill the US shale oil industry. The Saudis had to match/go lower.
Time for the run into the close?
I'm thinking 4-6% range...so in your neighborhood.gun to head I think we close down about 6% so a slight bump in expecting from the -7.18% dow right now
Got toilet paper? (Sorry, couldn’t resist)Time for the run into the close?