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Misc Stock Market

The economic fall out from a potential for a 2-week complete shutdown of the US (likely gonna need to be longer than that) is going to create mass chaos and astronomical levels of investment uncertainty despite the aid from the feds.
 
LetItSnow said:
And what's your point? That was relative to the "virus" and not the economy, read and comprehend, maybe I should use single syllable words.
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His point likely is that you (& others on this forum) thought this was just a bunch of unbridled media-driven hype and panic and it's pretty obvious that's not the case anymore seeing as how you've completely changed your stance since then, whether or not you or anyone else who touted this line of rationale will be willing to admit you were wrong is another issue altogether (& I highly doubt any of you ever will).

Please.... does it really matter if you were just talking about the virus or not? if the virus wasn't really a big deal and just a load of hype then why would the stock market suddenly start to spiral out of control?
 
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Well I said I hope I was wrong but all those that slammed me for saying this could be an world wide economic collapse should be giving pause now. I was not ever trying to cause panic or was I panicked myself. I was stating the possibilities of what could happen if world shuts down. Living off weekly paychecks will not be easy for those that do. Better hope the govt does take care of them like some have said on here they trust the govt. if they don’t. You will see chaos, civil unrest, poverty, homeless, soup lines. Don’t think it can’t happen because it can!
 
Webberweather53 said:
His point likely is that you (& others on this forum) thought this was just a bunch of unbridled media-driven hype and panic and it's pretty obvious that's not the case anymore seeing as how you've completely changed your stance since then, whether or not you or anyone else who touted this line of rationale will be willing to admit you were wrong is another issue altogether (& I highly doubt you ever will).

Please.... does it really matter if you were just talking about the virus or not? if the virus wasn't really a big deal and just a load of hype then why would the stock market suddenly start to spiral out of control?
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There was and is unbridled media hype and panic.

The ramifications of actions now being taken are extremely serious.

Nothing should minimize the potential seriousness of the situation however there is a point where mass hysteria overrides all semblance of order and level headed thinking, and the media bears a social responsibility (that phrase is being shoved down everybodies throat so they should adhere to it) to not contribute to the fear, uncertainty, and doubt.

Big take away is nobody knows for sure, personally I still believe it's not the apocalypse just yet however the media thinks it is and are convincing the herd, which is dangerous for all.

Protect, love, and cherish your families.
 
LetItSnow said:
And what's your point? That was relative to the "virus" and not the economy, read and comprehend, maybe I should use single syllable words.
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It's a threat to society because panic is starting and unless people come to their senses will only get worse.

Do you still think it's a threat only because people panic? I mean, entire sports leagues cancelled since you posted? Schools nationwide too? This was from Monday. Monday.

Yeah, just another flu "PEOPLE".

Some of us were warning that same time it was likely to be something we've never seen before. While you and POTUS threw flu numbers at us.
 
LetItSnow said:
There was and is unbridled media hype and panic.

The ramifications of actions now being taken are extremely serious.

Nothing should minimize the potential seriousness of the situation however there is a point where mass hysteria overrides all semblance of order and level headed thinking, and the media bears a social responsibility (that phrase is being shoved down everybodies throat so they should adhere to it) to not contribute to the fear, uncertainty, and doubt.

Big take away is nobody knows for sure, personally I still believe it's not the apocalypse just yet however the media thinks it is and are convincing the herd, which is dangerous for all.

Protect, love, and cherish your families.
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Nothing should minimize the seriousness of the situation yet you're still standing behind the idea that this is still just mostly hype & panic? Lol ok. Are you even remotely aware that telling people this is mostly hype completely contradicts your other message to take this seriously?

A great analogy to CoV-19 is a natural disaster, say a category 5 hurricane bearing down on a highly populated stretch of US coastline (south Florida for ex). Would you be willing to tell the residents who are about to have their lives changed forever and you want them to take this threat seriously that the hurricane is mostly bunch of hype and there's no reason to panic?
 
I say though it does not matter who is wrong and right in this awful situation we all find ours in. Let us continue to try and support one another and just listen to what others have to say. Because in the end we will all be affected in some way. Most have already but some of us will lose loved ones or people we know. Some will lose homes, jobs, businesses and etc. hopefully the stock market rebounds when the time is right and we all make lots of money!
 
Webberweather53 said:
Nothing should minimize the seriousness of the situation yet you're still standing behind the idea that this is still just mostly hype & panic? Lol ok. Are you even remotely aware that telling people this is mostly hype completely contradicts your other message to take this seriously?

A great analogy to CoV-19 is a natural disaster, say a category 5 hurricane bearing down on a highly populated stretch of US coastline (south Florida for ex). Would you be willing to tell the residents who are about to have their lives changed forever and you want them to take this threat seriously that the hurricane is mostly bunch of hype and there's no reason to panic?
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Read and comprehend, don't interpret. A lot of interpretation mixed in with your so-called analysis of what I say. Not even a good try.

But you're so smart and like to belittle a lot of people, especially with the weather and apparently that,'s now translating way out of your field of study. Enjoy that skill because it won't get you very far in the real world..
 
LetItSnow said:
Read and comprehend, don't interpret. A lot of interpretation mixed in with your so-called analysis of what I say. Not even a good try.

But you're so smart and like to belittle a lot of people, especially with the weather and apparently that,'s now translating way out of your field of study. Enjoy that skill because it won't get you very far in the real world..
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What is there to interpret? You’ve been downplaying this virus from the get-go and now you have egg on your face and you’re throwing a temper tantrum because you’re getting called out for your bs.
Also, are you actually going to respond to my questions or are you just going to immediately resort to personal attacks because you have nothing worthwhile to add?
 
Matthew70 said:
Well I said I hope I was wrong but all those that slammed me for saying this could be an world wide economic collapse should be giving pause now. I was not ever trying to cause panic or was I panicked myself. I was stating the possibilities of what could happen if world shuts down. Living off weekly paychecks will not be easy for those that do. Better hope the govt does take care of them like some have said on here they trust the govt. if they don’t. You will see chaos, civil unrest, poverty, homeless, soup lines. Don’t think it can’t happen because it can!
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I don’t think anyone is trying to say your wrong. It’s just you post the same thing about the economy 15x a day.
 
200313220217-donald-trump-stock-signature-large-169.jpg

I wonder if everyone saw This? Trump signed a shot of the stock market going up during his Friday presser and sent it out.

Redirect Notice

www.google.com

I'm surprised he doesn't have some type of handler that prevents these actions. This has huge potential to backfire.
 
Nerman said:
View attachment 37214

I wonder if everyone saw This? Trump signed a shot of the stock market going up during his Friday presser and sent it out.

Redirect Notice

www.google.com

I'm surprised he doesn't have some type of handler that prevents these actions. This has huge potential to backfire.
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Hmmmm he doesnt mention that the top 13 biggest point drops ( be 14 after tomorrow ) in market history have happened under his watch

12020-03-1221,200.62−2,352.60−9.99[26]
22020-03-0923,851.02−2,013.76−7.79[27]
32020-03-1123,553.22−1,464.94−5.86[28]
42020-02-2725,766.64−1,190.95−4.42[29]
52018-02-0524,345.75−1,175.21−4.60[30]
62018-02-0823,860.46−1,032.89−4.15[31]
72020-02-2427,960.80−1,031.61−3.56[32]
82020-03-0526,121.28−969.58−3.58[33]
92020-02-2527,081.36−879.44−3.15[34]
102018-10-1025,598.74−831.83−3.15[35]
112019-08-1425,479.42−800.49−3.05[36]
122018-12-0425,027.07−799.36−3.10[37]
132020-03-0325,917.41−785.91−2.94[38]
 
Webberweather53 said:
What is there to interpret? You’ve been downplaying this virus from the get-go and now you have egg on your face and you’re throwing a temper tantrum because you’re getting called out for your bs.
Also, are you actually going to respond to my questions or are you just going to immediately resort to personal attacks because you have nothing worthwhile to add?
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I did respond; read and don't interpret; if you can't figure it out maybe go back to school for a few more years. Don't take a snippet; read everything in it's entirety.

No personal attack; simply a statement of facts; you do belittle people, seem to enjoy arguing and think you're right 99.9% of the time.

Go back and read some of what you've written in response to people when you get older; maybe you'll cringe; maybe you won't.
 
Much of how the economy responds will likely depend on how long this shutdown of various areas in the US, and globally, ends up lasting. Right now much of the stock market volatility is based solely on fear, the unknown and knee jerk reactions to good/bad news.
 
LetItSnow said:
I did respond; read and don't interpret; if you can't figure it out maybe go back to school for a few more years. Don't take a snippet; read everything in it's entirety.

No personal attack; simply a statement of facts; you do belittle people, seem to enjoy arguing and think you're right 99.9% of the time.

Go back and read some of what you've written in response to people when you get older; maybe you'll cringe; maybe you won't.
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Read what in its entirety? The part about you throwing a temper tantrum and getting upset that your nonsense is getting exposed? The part about you saying this is just hype & panic? Or the other part where you thought this was just another flu virus? Please elaborate where I'm misinterpreting because I'd really like to know. Saying I misinterpreted something without stating what that something is, is pretty disingenuous.

Also I don't like to repeat myself & I'll keep asking these questions until you actually give me a legitimate answer instead of dodging and slinging mud my way

Are you even remotely aware that telling people this is mostly hype completely contradicts your other message to take this seriously?

Would you be willing to tell the residents (about to be impacted by a category 5 hurricane) who are about to have their lives changed forever and you want them to take this threat seriously that the hurricane is mostly bunch of hype and there's no reason to panic?"


Another question that came up that I'd like an answer to is

Do you still think this is just like the flu virus because you continuously hurled flu numbers in everyone's faces the past few weeks til recently?
 
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In other news, as stated previously the market ended up hitting the limit down overnight mainly due to China's economy getting basically eviscerated by the CoV-19 virus which completely eradicated any gains we would have made over the federal interest rate cuts. I expect their economy to eventually recover late in the spring but for the US, it's just getting started (unfortunately).

"Markets in Asia Pacific were rocked by data showing the Chinese economy has been hit harder than expected by the coronavirus outbreak.
Retail sales in China plunged 20.5% in the January-to-February period from a year earlier, much worse than the forecast 0.8% rise by analysts polled by Reuters, according to the National Bureau of Statistics. Industrial output also fell 13.5% during the same period, while fixed asset investment plunged 24.5%, both widely missing estimates."

Let's also not forget the crude oil price war will get fully underway at the start of April as Saudis increase oil production to record levels and threaten to put domestic companies out of business, superimposed onto a potential total lockdown of the US, the economic impact we're currently seeing even wrt the stock market is almost certainly just the tip of the iceberg and basically all speculation.

Good times.
 
Ordinarily, I resist fear selling and stay the course. But, quite honestly, I’m uncomfortable with how much money I have in the bank. I’m planning to sell an etf that’s still in the green after all this (even after losing a lot over the last few weeks)... just to put a few months living expenses worth of cash in the bank.
 
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