Today's DOW decline largest ever.

Discussion in 'Political Opinions & Beliefs' started by 61falcon, Feb 27, 2020.

  1. opion8d

    opion8d Well-Known Member Past Donor

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    God protects old ladies, drunks, and the United States of America.
     
  2. 61falcon

    61falcon Well-Known Member

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    Amen to that!
     
  3. Crownline

    Crownline Banned at Members Request

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    Kind of makes you wish you were in a better position so you could buy doesn’t it?
     
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  4. Daniel Light

    Daniel Light Well-Known Member

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    Actually, the last guy averaged a 12% per year average return on the stock market. Not the best, but pretty good.

    The market has been looking for a correction for the last two years, they just needed a good excuse. Hello, excuse.
     
    Last edited: Feb 27, 2020
  5. Just A Man

    Just A Man Well-Known Member

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    For years Trump has been warning us about China. But the USA is still resilient, strong, inventive, prosperous, and industrious, so there is no reason to bail out of the Market. Ride it out and then watch it come back or sell now and take a loss forever. Those who fear the market should stay out of the Market.
     
    Last edited: Feb 27, 2020
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  6. God & Country

    God & Country Well-Known Member

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    Investors are a fickle lot but we'll survive this as the world will survive this manufactured crisis. I'm sorry but 82000 does not make a pandemic, maybe it would be in the third world but not for the rest of civilization. Every time the democrats fail at something the media trots out something sensational to either take our eye off the ball or try to make Trump look bad. I've no doubt that the Corona thing is real but only an epidemic in a small area of China.
     
  7. 61falcon

    61falcon Well-Known Member

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    And 40 other countries???
     
  8. 61falcon

    61falcon Well-Known Member

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    Tomorrows Dow futures looking like we will continue to see selling, down 177 points at 10:30 P.M.
     
  9. bricklayer

    bricklayer Well-Known Member Past Donor

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    and we're still way, way up.
     
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  10. Robert E Allen

    Robert E Allen Banned

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    Obama's great accomplishments.
     
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  11. Robert E Allen

    Robert E Allen Banned

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    It's simple, if you don't want to lose money, Don't Sell!!
     
  12. Thought Criminal

    Thought Criminal Well-Known Member Donor

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    Jeez. You hit an auto-reflex.

     
  13. ronv

    ronv Well-Known Member

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    I don't know. can you get him to throw away the plans?
     
  14. ronv

    ronv Well-Known Member

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    We may have a lot more cases than we think because of that.
     
  15. doombug

    doombug Well-Known Member

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    Trump is experienced in handling situations like the Corona virus. He has been handling the TDS syndrome epidemic for over 3 years!
     
  16. Robert E Allen

    Robert E Allen Banned

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    I am not a huge fear monger type but i could see this being especially tragic in the homeless community.
     
  17. Seth Bullock

    Seth Bullock Well-Known Member Past Donor

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    LMAO!

    Clearly, you do not understand investing in the stock market.

    If you're investing say, $500/month, into a stock-based IRA or 401K, now is the time to increase that investment per month. Because that investment buys more stock while prices are down than it does when prices are up.

    When the Corona Virus scare is over - a vaccine is developed or when the virus is contained - stock prices are going to SHOOT right back up, and you will have a more valuable investment than you would have had if the virus had never happened because you will own more stock than you would have at the higher prices if there had been no virus driving the prices down.

    Buy low, own more, make more money.

    Easy peezy.
     
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  18. squidward

    squidward Well-Known Member

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    The stock market and banking system have been 100% dependent on Fed interventions since 2008.
    The Fed simply unwinding half a Trillion dollars from its books tanked the markets in 2018.
     
    Last edited: Feb 28, 2020
  19. ronv

    ronv Well-Known Member

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    If you look a little closer you will find it was tariffs.
     
  20. ronv

    ronv Well-Known Member

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    I have COPD. So for me it's more like life and death.
    I'm not homeless.
     
  21. fmw

    fmw Well-Known Member

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    In total dollars not in a percentage of the former day's index.
     
  22. Gatewood

    Gatewood Well-Known Member

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    In Dem controlled cities, yes. Odd that the political Left never ask themselves . . . why.
     
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  23. Robert E Allen

    Robert E Allen Banned

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    I sincerely hope it doesn't make it to your door, or anyones door for that matter.

    But there is not much we can do about it nor is there anything we could have done about it.
    No how much we could have prepared, the Chinese still wouldn't have let us help and we'd be in the same situation.
     
  24. ronv

    ronv Well-Known Member

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    Thanks, Robert. I'm at peace with it either way. :)
    But you have to wonder if the CDC still had people in China if we wouldn't be better prepared. After all, time is lives.
    https://foreignpolicy.com/2020/01/3...ited-states-public-health-emergency-response/
    But back on the economic impact...
    They just had a shot on TV of Long Beach and LA Harbors.
    Empty..
    So if there is anything you want you should get it now.
     
  25. Texas Republican

    Texas Republican Well-Known Member Past Donor

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    I can’t wait to buy some bargain stocks.
     
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