This plunge looks a lot like the ones that rocked stocks in 1929, 1987 and 2008...

Discussion in 'Coronavirus (COVID-19) News' started by Canell, Mar 11, 2020.

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  1. cd8ed

    cd8ed Well-Known Member Past Donor

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    Looks to be working well so far.
    Deny anything is going on and call it fake news — this has been his primary policy from day one.
     
  2. hawgsalot

    hawgsalot Well-Known Member

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    Go check the largest single day gains Trump has dished out. Your little games by comparing a 2,000 point loss in 28,000 market is the same as a 2,000 point loss in an 8,000 market is just f***ing dumb to steal on of your sayings.
     
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  3. Texas Republican

    Texas Republican Well-Known Member Past Donor

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    The good thing is we can’t blame Trump. If someone ate bat soup in China, it’s not his fault.

    And when he shut down the flights from China, the left called him xenophobic. They look pretty silly now.
     
    Canell likes this.
  4. truth and justice

    truth and justice Well-Known Member

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    delete
     
    Last edited: Mar 12, 2020
  5. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Of course they are. The left would cheer a pandemic if it meant they score political gains. They are all rooting. Its disgusting.
     
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  6. truth and justice

    truth and justice Well-Known Member

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    You can still book a direct flight from Beijing to LAX on Air China for $300 24th March
     
  7. Texas Republican

    Texas Republican Well-Known Member Past Donor

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    What if we want to go to China? I’m craving some fresh bat soup.
     
  8. 61falcon

    61falcon Well-Known Member

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    Asian markets are dropping like a stone as of their Friday open and Bloomberg is showing DOW futures for Friday down by a lot, yet again.
     
  9. hawgsalot

    hawgsalot Well-Known Member

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    Quit watching CNN, China laughing all the way to the bank...
    https://finance.yahoo.com/news/mocking-u-bear-market-china-082714581.html
    https://www.bloomberg.com/news/arti...two-year-high-show-market-resilience-to-virus

    What Asia has figured out is a new way to manipulate America and it's market with the 24 hour BS media hysteria.
     
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  10. truth and justice

    truth and justice Well-Known Member

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    Air China can fly you to China too from LAX or JFK as Pence and Trump lied in saying that flights to and from China have been stopped
     
  11. Texas Republican

    Texas Republican Well-Known Member Past Donor

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    Proof?
     
  12. truth and justice

    truth and justice Well-Known Member

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    You could have done the search yourself using Air China web page but here's one I did earlier:

    upload_2020-3-13_11-0-31.png
     
  13. hawgsalot

    hawgsalot Well-Known Member

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    Yeap and you get the luxury of heading to one of 11 bases for health screening and quarantine.
     
  14. hawgsalot

    hawgsalot Well-Known Member

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    I'm bracing myself alright the morning futures are at plus 1200 right now.
     
  15. truth and justice

    truth and justice Well-Known Member

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    So in conclusion Trump and Pence lied about flights to and from China being banned. This fake ban was announced in January at which time there was no health screening or quarantining in place. And what is the situation now regarding quarantine - is it unforced "self quarantine" where you are just trusted to self qurantine?
     
  16. roorooroo

    roorooroo Well-Known Member Past Donor

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    Up 5% in after hour trading. Some are taking the big drop yesterday as an opportunity to get back in.
     
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  17. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    It will be back by June. I saved your post to re-post when the whole thin flubs.
     
    Last edited: Mar 15, 2020
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  18. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    I am buying like crazy right now!
     
  19. fmw

    fmw Well-Known Member

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    This market downturn is not a financial problem. It is caused by hysteria. The press and public health community have done a fine job creating the hysteria.
     
  20. Reasonablerob

    Reasonablerob Well-Known Member

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    I disagree, in those previous cases the crashes were due to underlying problems with the world's economies, this is due to an outside factor.
     
  21. doombug

    doombug Well-Known Member

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    What do the 3 stock market examples in the OP have in common?

    Answer: None of them were permanent!

    Buy! Buy! Buy!
     
  22. mudman

    mudman Well-Known Member

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    What ****ing bullshit.

    Not looking at it from a percentage perspective means you either have no clue what you are talking about or you're hatred for trump means you'll post anything negative about him whether it's blatantly misleading or an outright lie.

    I'm actually guessing it's both.

    It's like comparing the cost of a tv in the 60's vs the cost of a tv today and then trying to argue that they are more expensive today.

    I've said it over and over and here it is again.....the left is absolutely incapable of being objective about anything trump related. It's sad and pathetic and it's hurting the country and they don't care....not even a little.
     
  23. MrTLegal

    MrTLegal Well-Known Member

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    The very significant issue with looking at the top 20 stock market drops by percentile is that many of the record events occurred around the turn of the century when the stock market, and the global economy, was absurdly different.

    So to use your analogy, solely relying on percentile drop becomes akin to comparing a cell phone to the telegraph.
     
  24. mudman

    mudman Well-Known Member

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    No it's not like comparing cell phone to telegraph.....at all. My comparison was valid because it was strictly based on monetary value. Yours is something completely different not remotely relatable. Nice try though.

    Your post was completely invalid and nothing more than a pathetic attempt to smear trump....thanks for not denying it.
     
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  25. Canell

    Canell Well-Known Member

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    DOW and Nasdaq down nearly 11%. :eyepopping:
    Haven't seen anything like it.
     

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