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Deleted member 1449
Guest
First circuit breaker of the day
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Webberweather53
Meteorologist
We tripped the circuit breaker at opening bell.
Down 1900??? WTF
Not something you see every day.
S&P cash: -7%
WTI: -21%
10yr yield: 0.43 (-33bps)
DXY: -1.15
Gold: $1681 (+$11.10)
S&P cash: -7%
WTI: -21%
10yr yield: 0.43 (-33bps)
DXY: -1.15
Gold: $1681 (+$11.10)
Trading suspended on the Dow.
apnews.com
Stocks, oil plunge over global fight for crude production
BEIJING (AP) — Global stock markets and oil prices plunged Monday after a fight among major crude-producing nations jolted investors who already were on edge about the surging costs of a virus outbreak.
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Deleted member 527
Guest
People are acting ridiculous.
Heelyes
Member
The market is acting appropriately, the public is in denial. This is going to get much worse before it gets better.
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Deleted member 527
Guest
What is appropriate about everyone selling? What is public in denial over?
Heelyes
Member
Rates should have been raised when the market boomed. Now there is little left to do.
Heelyes
Member
The world economy is coming to a stop
Yellow Snow
Member
The UK FTSE also had a sharp decline at the opening today, and is trending back down after a brief rebound.
Heelyes
Member
The last hour of trading today will be interesting, no switch after 2:30?
Nerman
Member
3:25
LithiaWx
Member
3:25pm no breakers unless it’s level 3 at 20%
DOW looking much better than where it opened
-5.5 and teetering
It’s going to take a considerable sell-off to send us into a bear market. I wish I had capital to Invest.
-5.5 and teetering
It’s going to take a considerable sell-off to send us into a bear market. I wish I had capital to Invest.
13% starts the bear market.
It did hit the 52 week low at 23,818 this morning. That triggered the 7% suspension of trading for 15 minutes which seems to have stabilized the drop somewhat. The last hour of the days trading is going to be the most volatile I think.
This is where I would approve the US government step in to assist our oil producers. It's in our national interest to stay self sufficient.
Webberweather53
Meteorologist
Today's big hits on the market are almost entirely due to a d*** measuring contest between Saudi Arabia and Russia w/ an assist from coronavirus. Knowing the ruthlessness of OPEC and Putin, don't expect the price war to end anytime soon.