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

Discussion in 'Coronavirus (COVID-19) News' started by HumbledPi, Feb 24, 2020.

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  1. Bush Lawyer

    Bush Lawyer Well-Known Member

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    The weekly fall will be greater than what happened at the GFC. You heard it here first folks. :)
     
    Bush Lawyer, Feb 28, 2020
    #126
  2. truth and justice

    truth and justice Well-Known Member

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    2000 points down right now pre market opening
     
    truth and justice, Feb 28, 2020
    #127
  3. truth and justice

    truth and justice Well-Known Member

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    Wow, it just climbed over 1000 points since my post above!
     
    truth and justice, Feb 28, 2020
    #128
    Spim likes this.
  4. truth and justice

    truth and justice Well-Known Member

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    You invested in Apple a company that is practically 100% reliant on China?. That seems a very odd choice but each to their own. I would have invested in home nation service companies if I wanted to invest right now
     
    Last edited: Feb 28, 2020
    truth and justice, Feb 28, 2020
    #129
  5. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Andrew Jackson, Feb 28, 2020
    #130
  6. Dutch

    Dutch Well-Known Member Past Donor

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    Why do I see you clapping your hands as you type this?
     
    Dutch, Feb 28, 2020
    #131
  7. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Why not?

    A bad economy will sink Trump.

    Losing Trillions of Market Cap to get rid of that MORON will be a small price to pay.

    [​IMG]
     
    Andrew Jackson, Feb 28, 2020
    #132
  8. Bearack

    Bearack Well-Known Member

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    Yeah, actually have some regrets on that one. However, all stocks will rebound and I finally got into Apple at a substantial discount.
     
    Bearack, Feb 28, 2020
    #133
  9. Dutch

    Dutch Well-Known Member Past Donor

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    A cure for Coronavirus soon found will be. Rebound economy threefold will. Stuck with President Trump for 5 more years you are. :applause:
     
    Dutch, Feb 28, 2020
    #134
  10. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Oh? Ok.

    I guess we shall have to wait and see.
     
    Andrew Jackson, Feb 28, 2020
    #135
  11. Dutch

    Dutch Well-Known Member Past Donor

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    It is inevitable, my friend! :mrgreen:
     
    Dutch, Feb 28, 2020
    #136
  12. struth

    struth Well-Known Member

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    it's dropped like 4 percent...because of a illness in socialist China....and the front runner of the DNC is socalist....sorry.....trump already has meds on the way
     
    struth, Feb 28, 2020
    #137
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  13. MrTLegal

    MrTLegal Well-Known Member

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    It dropped 4 percent in one day. It has dropped 10% over the course of four days with DOW futures going from positive to negative while Trump was giving his press conference.
     
    MrTLegal, Feb 28, 2020
    #138
  14. struth

    struth Well-Known Member

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    Actually, the market wasn't open when he spoke......and it was dropping prior to his PC....

    The market drop was the only reason the left started to care about this virus. It's not an issue...our economy is strong, what happens in socialist China has an impact....don't vote for socialist should be the clear understanding here
     
    struth, Feb 28, 2020
    #139
  15. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Stocks Open Lower, Face Biggest Weekly Losses Since 2008
    Indexes in Europe and Asia join U.S. benchmarks in correction territory

    Wow!

    Trump's Roaring "Economy" is really Gittin' Er Done.
     
    Andrew Jackson, Feb 28, 2020
    #140
  16. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Down over 900 in first hour...
     
    Andrew Jackson, Feb 28, 2020
    #141
  17. MrTLegal

    MrTLegal Well-Known Member

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    There's a reason I said DOW FUTURES. And no, it was objectively positive before he started speaking.

    And our economy depends upon global markets, including the Chinese market to a significant degree.
     
    Last edited: Feb 28, 2020
    MrTLegal, Feb 28, 2020
    #142
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  18. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Ol' Bone Spurs Gittin' Er Done on the Economy.

    How are your 401ks doing?

    [​IMG]
     
    Andrew Jackson, Feb 28, 2020
    #143
  19. Pollycy

    Pollycy Well-Known Member

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    Please everybody -- can someone answer ONE question? Anybody?

    So, stocks are crashing today (at the open on Friday, 28 Feb). Stocks have BEEN crashing all week... (genius observation).

    BUT, the price of GOLD has been plummeting downward lately, too! I thought GOLD (and silver) was supposed to be this big "safe haven" at times when 'the sh!t hits the fan' -- especially now when it's the biggest TURBO-FAN since 2008.

    Does this make sense to anybody? :lonely:
     
    Last edited: Feb 28, 2020
    Pollycy, Feb 28, 2020
    #144
  20. truth and justice

    truth and justice Well-Known Member

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    Coincidentally I just looked at that too. Mainly because I heard on the radio that savings in a bank are at risk if the world enters a recession and currently I have quite a lot in the bank and thinking about moving it to something more stable
     
    truth and justice, Feb 28, 2020
    #145
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  21. truth and justice

    truth and justice Well-Known Member

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    Just found the answer :)
    https://www.kitco.com/news/2020-02-...g-pressure-amid-global-equities-meltdown.html
     
    truth and justice, Feb 28, 2020
    #146
    Thought Criminal likes this.
  22. Pollycy

    Pollycy Well-Known Member

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    At this moment, 10:21 AM, EST, 28 FEB, gold is heading downward from $1,609 -- down $33.40 so far this morning. Does anybody understand this? I have known for a long time that the Federal Reserve System manipulates the values of currency, volumes of dollar-supply, interest rates, and, thereby, commodity prices. But even though the Fed is already putting out bulletins that it may have an immediate, "emergency" rate-cut, nothing has happened yet that should crush the price of gold! WHAT THE HELL IS GOING ON?
     
    Pollycy, Feb 28, 2020
    #147
  23. Pollycy

    Pollycy Well-Known Member

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    Good post, but honestly, it still doesn't really make any sense. What about a guy like @truth and justice or myself, with 'money in the bank' who sees that this rotten, stinking central bank we've got (the 'Fed') is about to pull another slimy rate-cut on people who actually save money? If the stock market is free-falling down into an abyss from its already vastly overvalued levels, then why wouldn't the whole world be flocking to precious metals 'havens'.

    I 'get' the article's author's point that 'you sell what you can', but if you've got hundreds of thousands (maybe millions) of people pounding down the doors to buy your gold and silver, and there's a LOT of it out there, then why can't it be sold to them...?

    Honestly, I smell even MORE central banker manipulation of this whole thing, on an international scale, from top to bottom....
     
    Last edited: Feb 28, 2020
    Pollycy, Feb 28, 2020
    #148
    Blaster3 likes this.
  24. Market Junkie

    Market Junkie Banned

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    Market Junkie, Feb 28, 2020
    #149
    Pollycy likes this.
  25. Bearack

    Bearack Well-Known Member

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    This is what is scary sh*t when the left is loving seeing peoples live being destroyed so that they can remove one man. Seriously, really sick man!!
     
    Bearack, Feb 28, 2020
    #150
    Blaster3 and Thought Criminal like this.
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