Dow futures drop nearly 700 points as coronavirus spread stirs fears of global economic impact

All the while, they claim to holier than thou.

 

So if something's on sale at 30% more than it's worth and is then reduced by 10% you would buy it because it is cheaper even though there is a good chance that it will go down another 10% tomorrow.

 

Sure... The rebound could be 1000% once everything calms down.

 

So when did you buy?

 

I've said on here for a week that this will get worse.

It will get much, much worse before it gets better.

 

I bought some Apple on Monday and Tesla on Wednesday. Cashed out my 401K (thank god) just over a week ago, before the sell off and will reinvest that shortly. It's currently cash.

 

BTW, I bought a chitload of gold recently as well.. Great hedge.

 

Nope, I’d wait til it’s cheaper tomorrow.

 

Why not wait an extra day when it might be even cheaper?

 

I won't find anything to 'enjoy' during the big Coronabear hysteria enveloping us now because the Federal Reserve System (our tyrannical non-governmental central bank) will cut the living hell out of interest rates from now to the end of the year (at least), even though the logical thing to do is RAISE interest rates when demand for credit increases dramatically -- as it already has. BTW, personal household debt is already at all-time high levels:
https://www.reuters.com/article/us-...trillion-and-reaches-new-record-idUSKBN20521Z

Once again, people who responsibly save money in savings accounts (banks, savings & loans, credit unions) get brutally SCREWED, just as we have since August 2007, with only a short, temporary recess starting late in 2015, when we began to regain fiscal sanity. Now, it'll be back to "drop your pants and close your eyes -- the Fed's gonna give you a big surprise!"

Who will this make happy? Stock market gamblers and other high-rollers who push 'paper' around Wall Street, and, President Donald J. Trump. I voted for him in 2016, and will almost surely be forced to vote for him again this year... but I grow less and less happy about it every time I hear Trump bitching and complaining because we don't already have interest rates crushed down to zero -- OR BELOW....

. "Don't SAVE money -- spend all you have, and then go BORROW some more!"

 

Ya, you got to time this right. Once Coronavirus becomes old news your buying opportunities will vanish. I bet it drops more tomorrow but by Monday people will be tired of it and it will bounce back.

Good luck

 

You take a risk, others might not...and it goes up. Do you not know how the market works?

 

I think that’s a safe bet

 

Oh I know exactly how the market works which is why I don't state that it is a good time to buy or good time to sell.

 

As long as these stock markets are ruled by "sentiment", "perception", criminals, and what some bunch of damned capricious central banks are rumored to be about to do, it's impossible to make any logical sense out of any of it.

 

I never said sell. Selling would be bad now

 

Isn't it embarrassing? They are driven by the desire to make a quick and easy buck, not realizing that market timing doesn't work. When their portfolio fails to grow because of their own mistakes, they'll blame the Dems (or Obama). I think the guys who claimed "good buying opportunity" on Tuesday must feel pretty pathetic by now. Of course, they'd never admit it.

 

Today was the largest single day raw point value drop for the DOW.

Trump has been president for 9 of the top 10 largest single day raw point value drops.

Trump was the President for 9 of the 10 largest

 

Enjoy the ride

 

I don’t know how the market works, so It’s a good time to buy.

 

Usually, after a week of losses, stocks bounce back on Friday.

Trump needs to be taught a lesson, hopefully they lose 1,500 Points tomorrow to bring the week's losses to -5000 points.

 

We will rebound, we always do. It is you who needs a lesson, and the lessons in politics you’re getting plenty.

Do you even realize what is the most important aspect of the Trump Presidency?

Judges, they are being seated every day. Conservative judges.

Everything else is of no consequence.

 

I thought this was obama's economy? He did take credit for it.

 

Obama took credit for setting us on a decade-long ride of economic growth and prosperity.

He did not take credit for trump increasing the deficit in a growing economy or a worsening trade deficit. And he certainly does not deserve any blame for trump's inept response to COVID-19.

https://lawandcrime.com/high-profil...appears-to-have-sparked-coronavirus-outbreak/

 

This is already a top 20 worst week, percentile wise, in stock market history.

And theres another day to go.