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Misc Stock Market

Downeastnc said:
LOL its not free, but sometimes the government has to step in to make it possible to do things we dont normally do....in this case we need to let people who have corona or contact with people that have it the ability to stay home from work for weeks at a time, so they need to stay home, but like you said many live check to check so due to the nature of the problem we have to protect them, that's why the Federal government should make it so they reimburse companies for sick time for corona infected workers or they setup some kind of unemployement package to help those people. I fail to see how any of that is a bad thing. What do you suggest we do let corona positive people go to work? IF the answer to that is no how do we prevent check to check people from having problems other than ensuring they get paid for that lost time....I am all ears.
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First I say no air traffic from any country. Close boarders now. Second every major city set up a central location for elderly. Make sure they are taken care of. Isolate them. Let younger people have freedom even if have it. If they stay away from elderly that is the key. I understand focusing on the containment of this virus now but this virus is most likely going to be with us for awhile if not forever. No govt or businesses can continue to pay people to not work. 2 weeks yes but a month or longer means most likely calamity and world war eventually. I have a mom this could affect. It is troubling yes but this maybe might be a virus that has to run its course. Let’s say in December it’s back and no vaccine. Do we do same measures? What if it goes thru summer? Money will dry up. Hospitals will go broke. Companies will go broke. Govts will go broke. Nations go broke.
 
Matthew70 said:
Second every major city set up a central location for elderly. Make sure they are taken care of. Isolate them. Let younger people have freedom even if have it. If they stay away from elderly that is the key.
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Is this going to be like Katrina? Are we taking everyone over age 70 and putting them in the Mercedes Benz stadium in Atlanta? We've got close to 6Million people here. That wouldn't even hold all of them. Are we going to put them in the parks and put them in a bunch of tents? FEMA trailers? SMDH
 
down 2k, good lord. and take a look at carnivals stock, just insane the drop, down to 18/share now. not sure how some of the smaller cruise companies will survive this.
 
Nerman said:
Is this going to be like Katrina? Are we taking everyone over age 70 and putting them in the Mercedes Benz stadium in Atlanta? We've got close to 6Million people here. That wouldn't even hold all of them. Are we going to put them in the parks and put them in a bunch of tents? FEMA trailers? SMDH
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If you notice I said every major city. So not one location. Also isolated also could mean in their homes. So are you saying put everyone in lock down? For how long if so? You do realize the money will dry up right?
 
Matthew70 said:
If you notice I said every major city. So not one location. Also isolated also could mean in their homes. So are you saying put everyone in lock down? For how long if so? You do realize the money will dry up right?
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Where are you going to put them? In every major city? I recommend Seniors and retirees stay put.
 
Webberweather53 said:
Our stock market has lost roughly 25% of its value in a month & we probably haven’t hit bottom yet, let that sink in...
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I wouldn't be surprised if we see the market drop a total of 40-45% before bottoming out in the next few weeks. Assuming the US and Italy can get things under control and have things peak then, once it looks like things start to improve we will probably see a nice rebound. We might enter recession territory too depending on how long it takes for things to bounce back and how long things are shut down/slowed. All these sporting events being canceled is going to hurt a lot not to mention the airplane, cruise, tourism industries and small businesses.
 
DOW down almost 1900 now. I know it's simple math but each time we have these 1000 point swings down the percentage loss is increasing substantially. 8% down now.

And a reminder that 40% loss in the markets means you will need 66% gains to get back even.
 
Just bought 350 shares of CPE. High risk/high reward. It was tanking. Got it for like $0.50 a share. I have no idea what I’m doing ? but I LIKE IT. I’m
hooked.
 
Trump speaking and once again the Dow falls. It is 250 lower than when he started.
 
GaWx said:
Trump speaking and once again the Dow falls. It is 250 lower than when he started.
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It’s less to do with Trump and more to do with a sitting president addressing the nation on national television about a global pandemic. None of this is exclusive to Trump in my opinion. It’s the story. Not the story teller.
 
metwannabe said:
So the market fix is for the POTUS to not speak at all? Seems that's the implication
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No, the goal should be for him to try to regain credibility and the ability to instill confidence with his words. Also, I think it hurts when he spends time bragging. Once again he bragged about how much it helped to have the China travel restrictions early on. Intelligent folks know this already. How many times does he have to repeat this? Also, he said the stock market is still well above where it was when he became President. Why did he waste our time saying that? Stop the bragging and politically motivated comments! And stop talking about the past and emphasize the future.
 
GaWx said:
No, the goal should be for him to try to regain credibility and the ability to instill confidence with his words. Also, I think it hurts when he spends time bragging. Once again he bragged about how much it helped to have the China travel restrictions early on. Intelligent folks know this already. How many times does he have to repeat this? Also, he said the stock market is still well above where it was when he became President. Why did he waste our time saying that? Stop the bragging and politically motivated comments! And stop talking about the past and emphasize the future.
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I get it Larry but honestly at this point, there's not much can be done or said that will stop this steam roller.
 
GaWx said:
No, the goal should be for him to try to regain credibility and the ability to instill confidence with his words. Also, I think it hurts when he spends time bragging. Once again he bragged about how much it helped to have the China travel restrictions early on. Intelligent folks know this already. How many times does he have to repeat this? Also, he said the stock market is still well above where it was when he became President. Why did he waste our time saying that? Stop the bragging and politically motivated comments! And stop talking about the past and emphasize the future.
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Why do you even watch? You should have it figured out by now he isn't much for standing in front of a camera and giving a speech.
 
metwannabe said:
I get it Larry but honestly at this point, there's not much can be done or said that will stop this steam roller.
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Bingo. Seems some will find anything to put him down. Give bottle of milk it will either be to hot to cold to much to little.
 
Sandbar said:
Why do you even watch? You should have it figured out by now he isn't much for standing in front of a camera and giving a speech.
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I’m always curious about what he has to say since he’s our President.
 
GaWx said:
No, the goal should be for him to try to regain credibility and the ability to instill confidence with his words. Also, I think it hurts when he spends time bragging. Once again he bragged about how much it helped to have the China travel restrictions early on. Intelligent folks know this already. How many times does he have to repeat this? Also, he said the stock market is still well above where it was when he became President. Why did he waste our time saying that? Stop the bragging and politically motivated comments! And stop talking about the past and emphasize the future.
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Good grief people... This has nothing to do with our president or anything he has said or done. This is a global problem. It has become increasingly evident that the stock market is influenced more by other country's markets and global commodities, than anything Trump has said. Did he cause the price of oil to plunge??? No, that was Russia and OPEC. Did he cause the oversea's markets to crash? No, that was China's Corona debacle. Quit trying to suggest that the POTUS has created this mess. You of all people know better than that.
 
GaWx said:
No, the goal should be for him to try to regain credibility and the ability to instill confidence with his words. Also, I think it hurts when he spends time bragging. Once again he bragged about how much it helped to have the China travel restrictions early on. Intelligent folks know this already. How many times does he have to repeat this? Also, he said the stock market is still well above where it was when he became President. Why did he waste our time saying that? Stop the bragging and politically motivated comments! And stop talking about the past and emphasize the future.
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Maybe he's repeating some of this stuff in case someone is tuning in for the first time... perhaps to keep people from mass panic... to calm the stock market even if it doesn't work... who knows? It's easy for us to criticize what the President is saying and what we think he should say instead, but we don't know what his advisors are telling him and what inside info he has when making these decisions. I would hate to be in his position, it's honestly a really tough call to decide do you straight up tell people how bad it is/could be and cause panic, take more of an optimistic tone, or a middle of the road approach? He has to keep in mind not only the effects of more testing but try to keep the nation free from outright chaos/panic, consider impacts to businesses and industries, etc with anything he says or decides to move forward with. The more testing approach sounds good but there is a ton of legal red tape and laws that have slowed down the process of getting things ready for that.
 
Cad Wedge NC said:
Good grief people... This has nothing to do with our president or anything he has said or done. This is a global problem. It has become increasingly evident that the stock market is influenced more by other country's markets and global commodities, than anything Trump has said. Did he cause the price of oil to plunge??? No, that was Russia and OPEC. Did he cause the oversea's markets to crash? No, that was China's Corona debacle. Quit trying to suggest that the POTUS has created this mess. You of all people know better than that.
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Exactly!
 
Cad Wedge NC said:
Good grief people... This has nothing to do with our president or anything he has said or done. This is a global problem. It has become increasingly evident that the stock market is influenced more by other country's markets and global commodities, than anything Trump has said. Did he cause the price of oil to plunge??? No, that was Russia and OPEC. Did he cause the oversea's markets to crash? No, that was China's Corona debacle. Quit trying to suggest that the POTUS has created this mess. You of all people know better than that.
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I never said he created this mess. Nothing even close to that.
 
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