Dow tumbles 1,600 points in 48 hours. Trump tweets this is fine

[hater]

https://twitter.com/santainc/status/1232059585394929664?s=21

https://twitter.com/santainc/status/1232332676972941312?s=21

:lmao :lol

dumb ass

[CosmicCowboy]

Good buying opportunity.

[picnroll]

Good buying opportunity.

There will be better.

[boutons_deux]

duh, Trash shitting his BIG underwear, panicking the economy will tank, and he loses WH

Stock market is NOT the Real Economy, it's the Financial Economy

[DMX7]

duh, Trash shitting his BIG underwear, panicking the economy will tank, and he loses WH

Stock market is NOT the Real Economy, it's the Financial Economy

And the government has hardly any tools to fight off economic headwinds. Fed Interest Rates already LOW, Tax Rates already LOW, Deficit Spending already HIGH... it's an economy run as if it were never going to see any resistance.

[picnroll]

duh, Trash shitting his BIG underwear, panicking the economy will tank, and he loses WH

Stock market is NOT the Real Economy, it's the Financial Economy
When people feel poor they stop buying shit. Vicious cycle.

[Millennial_Messiah]

There will be better.

agreed.

Sell sell sell.

[hater]

Good buying opportunity.

didnt you say that yesterday?

[RandomGuy]

Good buying opportunity.

Losses of this magnitude trigger a lot of automated stop loss trading.

I wonder how much the stock buybacks of the last decade or so are feeding into the volatility due to shrinking supply of stocks, if at all.

[RandomGuy]

When people feel poor they stop buying shit. Vicious cycle.

Meh. Most stocks and bonds are owned by the richest few hundred families in the US.

Most people don't really feel too impacted by markets since most in the US don't own anything.

The few with retirement savings will see a hit to be sure but for most Americans, which include just about everybody living paycheck to paycheck... pfft.

[DarrinS]

Meh. Most stocks and bonds are owned by the richest few hundred families in the US.

Most people don't really feel too impacted by markets since most in the US don't own anything.

The few with retirement savings will see a hit to be sure but for most Americans, which include just about everybody living paycheck to paycheck... pfft.


Over 50% of Americans own stock, either directly, or as part of a fund. This jumps to 75% for those making at least 75K, and almost 90% for those making 100K or more.

[SnakeBoy]

Losses of this magnitude trigger a lot of automated stop loss trading.


More margin calls than stop losses

[hater]

:lmao randomguy wtf

have you heard of 401k

[CosmicCowboy]

didnt you say that yesterday?

yep

Only an idiot thinks he can catch the absolute bottom.

[Winehole23]

Baghdad Bob style, this is straight up disinfo :

1232406824680402945

[RandomGuy]

Over 50% of Americans own stock, either directly, or as part of a fund. This jumps to 75% for those making at least 75K, and almost 90% for those making 100K or more.

... and fuck those that aren't making that much, amaright? They chose education in dump ass schools with textbooks from 1956, so their dumb ass can stay poor.

You claimed for years that the planet wasn't getting warmer, until it was fucking undeniable. Now you don't see the massive concentration of wealth in a few hundred people's hands as a problem, because the rest of the 300M people can squabble over the crumbs, fuck those who don't have anything at all.

smh, you are the walking personification of confirmation bias.

[RandomGuy]

Down 1900 points as of a few minutes ago. FWTW.

[picnroll]

yep

Only an idiot thinks he can catch the absolute bottom.
As long as there is the sense and evidence that this could turn into a widespread, high penetrate epidemic the market will continue to decline. That’s a knife with an unknown bottom. Potential for MASSIVE disruption of the supply chain (already seeing that and could get MUCH worse). MASSIVE disruption of purchasing ( again already seeing some of that, car sales in China declined 93%).

[hater]

Baghdad Bob style, this is straight up disinfo :

1232406824680402945

:lmao a lot of morons on MSNBC, FoxBiz and Yahoo acting like Baghdad Bobs today :lol

but even Kramer said “only a sucker would buy after a 1,000 point loss” :lol

[CosmicCowboy]

As long as there is the sense and evidence that this could turn into a widespread, high penetrate epidemic the market will continue to decline. That’s a knife with an unknown bottom. Potential for MASSIVE disruption of the supply chain (already seeing that and could get MUCH worse). MASSIVE disruption of purchasing ( again already seeing some of that, car sales in China declined 93%).

I'm a buy and hold kind of guy...not a trader. This shit will pass, and meanwhile there are buying opportunities. Hell...as an example amazon is down almost 2%...that's just dumb. if we get Corona'd bad then more people will stay home and order online and Amazon will make more money...If we don't get Corona'd bad then the stock will still recover. That's just one example.

[DarrinS]

... and fuck those that aren't making that much, amaright? They chose education in dump ass schools with textbooks from 1956, so their dumb ass can stay poor.

You claimed for years that the planet wasn't getting warmer, until it was fucking undeniable. Now you don't see the massive concentration of wealth in a few hundred people's hands as a problem, because the rest of the 300M people can squabble over the crumbs, fuck those who don't have anything at all.

smh, you are the walking personification of confirmation bias.

https://gifimage.net/wp-content/uploads/2017/07/eye-twitch-gif-21.gif

[CosmicCowboy]

https://gifimage.net/wp-content/uploads/2017/07/eye-twitch-gif-21.gif

RG is still mad at the world. Sucks to be him.

[Reck]

Baghdad Bob style, this is straight up disinfo :

1232406824680402945

lol bold call.

If the elections were next week maybe this blatant lie could hold. The virus is still spreading at an incredible clip. Who knows where we'll be a month from now.

These people in this admin are such dipshits.

[RandomGuy]

https://gifimage.net/wp-content/uploads/2017/07/eye-twitch-gif-21.gif

Anything to keep from examining your beliefs. Lazy to the end. :rolleyes

[RandomGuy]

RG is still mad at the world. Sucks to be him.

Sure thing Benghazi boy.

[pgardn]

Good buying opportunity.

It might be.

But it also means others had to bail out.
I don’t think that’s good news for all.

[CosmicCowboy]

Sure thing Benghazi boy.

:lmao

That's your best shot? You have me confused with someone else.

Depression can breed confusion. Still sucks to be you.

[CosmicCowboy]

It might be.

But it also means others had to bail out.
I don’t think that’s good news for all.

The only ones that had to bail were speculating and leveraging. I dont have a lot of sympathy.

[phxspurfan]

:lmao randomguy wtf

have you heard of 401k

apparently CrackerBarrel doesn't offer 401k

[pgardn]

The only ones that had to bail were speculating and leveraging. I dont have a lot of sympathy.

Not necessarily.
The older you are, the worse this hurts.
Unless you are sure of a quick recovery.
These events can domino underlying weakness that some had projected were already there ready to be set loose.

This game is very difficult over short periods.

If everyone reacts by buying, they will very likely be buying high (depending on what kind of time frame we are looking at)

[DC23]

Meh. Most stocks and bonds are owned by the richest few hundred families in the US.

Most people don't really feel too impacted by markets since most in the US don't own anything.

The few with retirement savings will see a hit to be sure but for most Americans, which include just about everybody living paycheck to paycheck... pfft.
This is very untrue statement.

[DMC]

Gold prices should rise. Money either way.

[DMC]

This is very untrue statement.

You quoted a guy who has to save up for a beer.

[boutons_deux]

Baghdad Bob style, this is straight up disinfo :

1232406824680402945

LK is not an economist, he only plays one on TV, which is good enough for Trash.

[ElNono]

Over 50% of Americans own stock, either directly, or as part of a fund. This jumps to 75% for those making at least 75K, and almost 90% for those making 100K or more.

84% of the value in all those stocks are owned by the top 10th percentile. The bottom 80% only own ~7% of the value. So if we're looking at who's really taking a severe hit from this, it really is the top of the foodchain.

(as a side note, this is also indicative how speculation in the bond/futures market is generally considered a much better investment (shorter term, less risk, higher yield) than creating jobs and the whole trickle down meme)

[RandomGuy]

:lmao

That's your best shot? You have me confused with someone else.

Depression can breed confusion. Still sucks to be you.

No, I remember your thread where you were super-concerned about Hillary and Benghazi, and the endless investigations. :madrun You get to own that moehill.

Just like you get to own the personification of your party's deepest wish. "i didn't vote for him, but there is nothing wrong with the ideology that worships him"

[RandomGuy]

Meh. Most stocks and bonds are owned by the richest few hundred families in the US.

Most people don't really feel too impacted by markets since most in the US don't own anything.

The few with retirement savings will see a hit to be sure but for most Americans, which include just about everybody living paycheck to paycheck... pfft.



This is very untrue statement.

The richest 1% own 50% of stocks held by American households January 17, 2019
https://finance.yahoo.com/news/the-richest-1-own-50-of-stocks-held-by-american-households-150758595.html

What percentage of Americans own stocks?
https://www.politifact.com/factchecks/2018/sep/18/ro-khanna/what-percentage-americans-own-stocks/

"despite the fact that almost half of all households owned stock shares either directly or indirectly through mutual funds, trusts, or various pension accounts, the richest 10 percent of households controlled 84 percent of the total value of these stocks in 2016."
https://www.nber.org/papers/w24085

78% Of Workers Live Paycheck To Paycheck
https://www.forbes.com/sites/zackfriedman/2019/01/11/live-paycheck-to-paycheck-government-shutdown/#32b6eb804f10



-------------------------------------

https://www.stlouisfed.org/open-vault/2019/august/wealth-inequality-in-america-facts-figures
What Wealth Inequality in America Looks Like: Key Facts & Figures

1) Income inequality has grown.
https://www.stlouisfed.org/~/media/Blog/2019/August/US_household_income_distribution.png?la=en

2) Wealth inequality is starker.
https://www.stlouisfed.org/~/media/Blog/2019/August/US_Wealth_Distribution_Infographic.jpg?la=en

[RandomGuy]

All of the real gains in wealth of our economy have flowed from poor workers to the richest people in the country. It is open class warfare by the wealthy on everyone else, and they are winning while useful idiots like Darrin pretend that this is sustainable or even healthy for the economy.

[RandomGuy]

Trump claims coronavirus is 'going to go away' despite mounting concerns
https://www.cnn.com/2020/02/25/politics/coronavirus-us-donald-trump-washington-politics/index.html

[CosmicCowboy]

All of the real gains in wealth of our economy have flowed from poor workers to the richest people in the country. It is open class warfare by the wealthy on everyone else, and they are winning while useful idiots like Darrin pretend that this is sustainable or even healthy for the economy.

That's oversimplified bullshit. Wealth is not a finite pie where someone has to lose in order for someone else to gain.

[LaMarcus Bryant]

That's oversimplified bullshit. Wealth is not a finite pie where someone has to lose in order for someone else to gain.

Tell that to every trickle-down supporting policymaker for the last 40 years

[boutons_deux]

That's oversimplified bullshit. Wealth is not a finite pie where someone has to lose in order for someone else to gain.

no one claimed the pie was finite, RichBoy

90%+ of ALL growth in the pie since the Banksters Great Depression has gone to the top

Same story since the oligarchy got the Diseased Idiot and his gang into office in 1980.

Real Household Incomes for 40 years have been effectively, relatively FLAT (not getting ahead) while the top 1% gorges itself, predatorily, on ALL new wealth created.

USA is now a totally rigged rentier economy, with Capitalists owning nearly all gateways to services, like health care, telecomms, housing, money, water, electricity, etc and raise their gateway fees to extract, like Wealth Sucking Vampires, from non-Capitalists, while Capitalists (and the military) destroy the commons with development, resource extraction, pollution of air, land, water, the external costs of remediation, if any, are paid by the non-Capitalists. (although Trash has effectively stopped toxic Superfund cleanups)

[pgardn]

It’s still not a good look for a healthy country with a vibrant middle class.

50% of taxpayers pay 3% of taxes. The other 50% pays the rest, 97%.

We can keep dealing out numbers to our liking, but I don’t see how most of these numbers lead to the conclusion we even have a middle class by the 50s definition. If team red can claim that 50% of the country are just lazy asses or not ambitious (hello Darrin), then this attitude problem is a deep sickness. The press has to whip up a frenzied battle to get 65% of the voting public to even vote.

No skins in in the game and you don’t give a shit. This is a problem.

[hater]

That's oversimplified bullshit. Wealth is not a finite pie where someone has to lose in order for someone else to gain.

lol its not BS

of course wealth at any given point in time is finite and measurable

% of the pie goes from non rich to rich is measurable and visible over time

[CosmicCowboy]

lol its not BS

of course wealth at any given point in time is finite and measurable

% of the pie goes from non rich to rich is measurable and visible over time

How the fuck can you claim wealth is finite? That's just dumb. It doesn't cost you a penny when Bezo's wealth goes up by a billion.

[Winehole23]

When China sneezes...


While the negative effects of the epidemic on oil demand are not likely to last, the outbreak could damage the Chinese economy enough to lead to a more prolonged period of subdued demand and oil prices.

Whereas oil producers in places like Iraq and Saudi Arabia could see a 10% drop in profits, those in the United States could lose as much as 60% of their profits due to the much higher break-even price for the average oil well drilled in shale fields at roughly $45 a barrel. https://oilprice.com/Energy/Energy-General/3-Energy-Sectors-Most-Threatened-By-The-Coronavirus.html

[hater]

How the fuck can you claim wealth is finite? That's just dumb. It doesn't cost you a penny when Bezo's wealth goes up by a billion.

if it can be measured it is finite

https://www.federalreserve.gov/econres/scfindex.htm

[CosmicCowboy]

if it can be measured it is finite

https://www.federalreserve.gov/econres/scfindex.htm

That's just fucking stupid.

[hater]

That's just fucking stupid.

nope

if you can measure it you can see the trend of % of ownership going from non rich to rich

its not that complicated :lol

[CosmicCowboy]

nope

if you can measure it you can see the trend of % of ownership going from non rich to rich

its not that complicated :lol

The dollars don't flow from poor to rich. Jeff Bezo's billions of amazon stock didn't cost you anything.

[hater]

The dollars don't flow from poor to rich. Jeff Bezo's billions of amazon stock didn't cost you anything.

we are talking %s not $ amount tbqh

[DarrinS]

84% of the value in all those stocks are owned by the top 10th percentile. The bottom 80% only own ~7% of the value. So if we're looking at who's really taking a severe hit from this, it really is the top of the foodchain.

(as a side note, this is also indicative how speculation in the bond/futures market is generally considered a much better investment (shorter term, less risk, higher yield) than creating jobs and the whole trickle down meme)



No doubt that a significant percent of the market is concentrated in Amazon, Apple, Google, Microsoft, and Facebook.

[SpursforSix]

84% of the value in all those stocks are owned by the top 10th percentile. The bottom 80% only own ~7% of the value. So if we're looking at who's really taking a severe hit from this, it really is the top of the foodchain.

(as a side note, this is also indicative how speculation in the bond/futures market is generally considered a much better investment (shorter term, less risk, higher yield) than creating jobs and the whole trickle down meme)

I guess it depends on what you mean by "severe". It has much more of a negative impact on the bottom 80% imo. Losing even $50,000 could significantly impact the life of the average Joe way more than Gates losing a few hundred million. Or even a billion.

[hater]

I guess it depends on what you mean by "severe". It has much more of a negative impact on the bottom 80% imo. Losing even $50,000 could significantly impact the life of the average Joe way more than Gates losing a few hundred million. Or even a billion.

boom bingo

if a 60 year old couple loses 20% of their retirement savings they could be fucked. which is what happened in 08

if Bezos loses 20% is it gonna affect him? :lol not really he might fire a few thousand ppl to make it up :lol or declare bankrupcy which is what Trump did multiple times :lmao

[Spurs Homer]

I guess it depends on what you mean by "severe". It has much more of a negative impact on the bottom 80% imo. Losing even $50,000 could significantly impact the life of the average Joe way more than Gates losing a few hundred million. Or even a billion.


”bend over- you’ll KNOW what - severe- means!”


:spin

[CosmicCowboy]

we are talking %s not $ amount tbqh

So you agree that wealth doesn't flow directly from the poor to the rich? That Bezo's net worth going up doesn't make your net worth go down?

[hater]

So you agree that wealth doesn't flow directly from the poor to the rich? That Bezo's net worth going up doesn't make your net worth go down?

wealth % does

so if 10 years ago the rich had 40% of the wealth and now they own 70% then you say wealth % flowed to the rich making them richer and the poor poorer

[CosmicCowboy]

wealth % does

so if 10 years ago the rich had 40% of the wealth and now they own 70% then you say wealth % flowed to the rich making them richer and the poor poorer

Your premise is not logical. The dollars did not flow from the poor to the wealthy.

[hater]

Your premise is not logical. The dollars did not flow from the poor to the wealthy.

nobody said the dollars flowed

the % of total wealth did

[CosmicCowboy]

Using Hater logic, The Hispanic population in the USA grew from 8.8% in 1990 to 19.4% in 2019. That must mean that all other races had to die off and lose population since the percentage of hispanics grew.

[CosmicCowboy]

nobody said the dollars flowed

the % of total wealth did

So you agree that the wealthy didn't make everyone else poorer? The wealth of the 1% didn't affect the wealth of the 99% at all?

[hater]

So you agree that the wealthy didn't make everyone else poorer? The wealth of the 1% didn't affect the wealth of the 99% at all?

who said that? stop making shit up

I said the poor now own less of total wealth than they did 10 years ago and so on

and the trend is intensifying

I see that you dont have a problem with that and that its all good. but most americans disagree with you.

if the trend continues the richest of americans say top 5% will own 99.99% of total wealth

yeah that sounds great :lol

you dont see a problem there? which group will be more powerful then? which will control which?

what happens when a group is infinitely more powerful than the other? they can outspend them on anything for example: elections? :lol

[CosmicCowboy]

who said that? stop making shit up

I said the poor now own less of total wealth than they did 10 years ago and so on

and the trend is intensifying

I see that you dont have a problem with that and that its all good. but most americans disagree with you.

if the trend continues the richest of americans say top 5% will own 99.99% of total wealth

yeah that sounds great :lol

you dont see a problem there? which group will be more powerful then? which will control which?

what happens when a group is infinitely more powerful than the other? they can outspend them on anything for example: elections? :lol


All of the real gains in wealth of our economy have flowed from poor workers to the richest people in the country. It is open class warfare by the wealthy on everyone else, and they are winning while useful idiots like Darrin pretend that this is sustainable or even healthy for the economy.

I replied:
That's oversimplified bullshit. Wealth is not a finite pie where someone has to lose in order for someone else to gain.

you replied:
lol its not BS

of course wealth at any given point in time is finite and measurable

% of the pie goes from non rich to rich is measurable and visible over time

So you said it and I shoved it right back up your ass.

[Mitch]

Another knee jerk reaction to stocks, hater? :lol

The market is the same way, it doesn't reflect economic issues or prosperity day by day, but rather by trends. 1600pts isn't what it used to be either

[RandomGuy]

Your premise is not logical. The dollars did not flow from the poor to the wealthy.

The poor work for pennies, and the excess/surplus value of that labor is hoovered/appropriated up as extra profits for the wealthy, rather than benefiting the people who produced the goods and services.

[hater]

I replied:

you replied:

So you said it and I shoved it right back up your ass.

money is power especially with elections

when one groups power grows to 99% and the other shrinks to 1% then theres a problem

good luck being happy being a controlled puppet

most americans are waking up meanwhile you are in the deep sleep stage :lmao

[hater]

Another knee jerk reaction to stocks, hater? :lol

The market is the same way, it doesn't reflect economic issues or prosperity day by day, but rather by trends. 1600pts isn't what it used to be either

no just mocking Trumps stupid tweet :lol

[CosmicCowboy]

The poor work for pennies, and the excess/surplus value of that labor is hoovered/appropriated up as extra profits for the wealthy, rather than benefiting the people who produced the goods and services.

https://media.gettyimages.com/photos/propaganda-poster-karl-marx-friedrich-engels-lenin-and-stalin-picture-id89856241?s=2048x2048

[RandomGuy]

All of the real gains in wealth of our economy have flowed from poor workers to the richest people in the country. It is open class warfare by the wealthy on everyone else, and they are winning while useful idiots like Darrin pretend that this is sustainable or even healthy for the economy.


That's oversimplified bullshit. Wealth is not a finite pie where someone has to lose in order for someone else to gain.

Didn't say it was a finite pie. Re-read it.

"the real gains in wealth", i.e. the growth in wealth is not being distributed to the majority of the people working in the economy. Those gains are quite finite and measurable, and we can see who gets the biggest share of it, by simply seeing whose wealth is increasing as the economy grows.

Wages for most people are flat or even declining if you factor in education/health care, while profits and stockpiled cash in corporations have hit record levels. Rather than raising wages, we have stock buy backs. The people deciding that are the people who are already paid hundreds or thousands of times more than their average worker.

[Spurminator]

money is power especially with elections

If we reform election finance laws to control the influence of the wealthy then I don't really have a problem with someone making eleventy billion dollars.

[hater]

If we reform election finance laws to control the influence of the wealthy then I don't really have a problem with someone making eleventy billion dollars.

there are still problems with corruption, monopolies, etc

but that would be a great start :tu

[RandomGuy]

https://media.gettyimages.com/photos/propaganda-poster-karl-marx-friedrich-engels-lenin-and-stalin-picture-id89856241?s=2048x2048

Now who is doing the oversimplified bullshit? :lol

Can't argue facts, go for the emotions. (shrug) Your choice. Your lack of personal responsibility.

[RandomGuy]

https://media.gettyimages.com/photos/propaganda-poster-karl-marx-friedrich-engels-lenin-and-stalin-picture-id89856241?s=2048x2048

or, if you prefer:

https://www.stlouisfed.org/~/media/Blog/2019/August/US_Wealth_Distribution_Infographic.jpg?la=en

[Mitch]

no just mocking Trumps stupid tweet :lol

I don't think it should be mentioned at all, tbh. Biggest threat Corona has for us is panic and the shortages it can cause. Drawing unnessary attention to it serves no benefit to the country.

However, it can get worse. Maybe mutate into something that'll kill more healthy people.

[Spurs Homer]

who said that? stop making shit up

I said the poor now own less of total wealth than they did 10 years ago and so on

and the trend is intensifying

I see that you dont have a problem with that and that its all good. but most americans disagree with you.

if the trend continues the richest of americans say top 5% will own 99.99% of total wealth

yeah that sounds great :lol

you dont see a problem there? which group will be more powerful then? which will control which?

what happens when a group is infinitely more powerful than the other? they can outspend them on anything for example: elections? :lol


they can also turn the usa into South Africa -

where a minority of whites - RULED - over a Majority of blacks -

gerrymandering, cheating on election, stacking the courts, attacking/controlling the media/suppressing accurate news info -


sound familiar?

[DMC]

So you agree that wealth doesn't flow directly from the poor to the rich? That Bezo's net worth going up doesn't make your net worth go down?

Can't get lower than zero. :lol

[DMC]

I don't think it should be mentioned at all, tbh. Biggest threat Corona has for us is panic and the shortages it can cause. Drawing unnessary attention to it serves no benefit to the country.

However, it can get worse. Maybe mutate into something that'll kill more healthy people.

Some positive things can come from it other than test results. It can create business opportunities in the US for things we depend on China to produce and ship. It can serve as a reminder that the US needs to be able to become self sufficient, producing our own goods, not just a service industry.

[hater]

I don't think it should be mentioned at all, tbh. Biggest threat Corona has for us is panic and the shortages it can cause. Drawing unnessary attention to it serves no benefit to the country.

However, it can get worse. Maybe mutate into something that'll kill more healthy people.

there are too many unknowns to say this is not a big deal

its highly contagious and kill rate similar to 1918 flu that killed millions. at some point the antiviral drugs will run out. the vaccine will take minimum 1 year

hopefully you are right but latest news which crashed the market are not good:
- tests turn out to be not reliable
- Immunology US chief said this will affect most americans
- WHO just said its possible 2/3 of the cases have gone undetected

the next 3-4 weeks will be critical. if more hotspots are generated then its out of control and a big deal

lol Trump

[Winehole23]

Your premise is not logical. The dollars did not flow from the poor to the wealthy.Sure it did.

Compensation decoupled from productivity around 1980.

Owners have been screwing labor for forty years.

[boutons_deux]

Sure it did.

Compensation decoupled from productivity around 1980.

Owners have been screwing labor for forty years.

Capital impoverishing Labor started in the mid-70s, and the 1945 - 75 Golden Age of the well paid, comfortable middle class ended.

Capital started busting unions, which continues today, since unions were the only power that could stand up to Capital.

Then St Ronnie the Diseased busted the air controllers union, making the Warfare on Labor, both blatant and official govt approved policy.

[hater]

there are too many unknowns to say this is not a big deal

its highly contagious and kill rate similar to 1918 flu that killed millions. at some point the antiviral drugs will run out. the vaccine will take minimum 1 year

hopefully you are right but latest news which crashed the market are not good:
- tests turn out to be not reliable
- Immunology US chief said this will affect most americans
- WHO just said its possible 2/3 of the cases have gone undetected

the next 3-4 weeks will be critical. if more hotspots are generated then its out of control and a big deal

lol Trump

well just now cases confirmed in South America and Africa

stocks tumbling again


thisisfine.gif :lol trump

[RandomGuy]

[net worth] Can't get lower than zero. :lol

https://www.stlouisfed.org/~/media/Blog/2019/August/US_Wealth_Distribution_Infographic.jpg?la=en

One in ten families in the US are lower than that right now.

[Mitch]

there are too many unknowns to say this is not a big deal

its highly contagious and kill rate similar to 1918 flu that killed millions. at some point the antiviral drugs will run out. the vaccine will take minimum 1 year

hopefully you are right but latest news which crashed the market are not good:
- tests turn out to be not reliable
- Immunology US chief said this will affect most americans
- WHO just said its possible 2/3 of the cases have gone undetected

the next 3-4 weeks will be critical. if more hotspots are generated then its out of control and a big deal

lol Trump

We can't really compare a 1918 pandemic to a 2020 one, tbh. Much better methods to contain and treat these days, but I stand by the proper approach being just looking at facts and not hypotheticals that can raise panic.

Wouldn't call trump dumb, anybody reporting on the virus other than its hard statistics and characteristics are just being irresponsible though. That includes government, health officials and media.

[Mitch]

Some positive things can come from it other than test results. It can create business opportunities in the US for things we depend on China to produce and ship. It can serve as a reminder that the US needs to be able to become self sufficient, producing our own goods, not just a service industry.

Agree we need to get back into making things, production is the backbone of a strong economy. I don't really see it happening without some serious changes in the world, though. I'm curious to see how a greater scope automation in production & service will hit us, glad I retired and focused on personal ventures tbh

[RandomGuy]

Wouldn't call trump dumb

I will.

He is dumb, really really really dumb.

------------------------------------------------


Hours after Trump claims coronavirus vaccine ‘very close’ US officials say it’s at least a year away
“Now they have studied it, they know very much. In fact, we are very close to a vaccine,” he said.

Trump also predicted that the virus is “a problem that’s going to go away.”

But just hours later, U.S. officials reportedly told senators that a vaccine could take 12 to 18 months to develop.
https://www.rawstory.com/2020/02/hours-after-trump-claims-coronavirus-vaccine-very-close-us-officials-say-its-at-least-a-year-away/

So they had to claim he was talking about ebola.

Trump is a drooling moron. An idiot. A lazy, orange buffoon. A subpar intellect. Not the sharpest knife the drawer. Proof that Artificial Intelligence is preferable to Natural Stupidity. Trump couldn't pour piss out of a boot if the instructions were written on the heel. As sharp as a bowling ball. If brains were dynomite he couldn't blow his nose. Slower than a turtle in molasses. One neuron short of a synapse. Two toys short of a happy meal. Raises the IQ of whatever state he leaves. If he had a braincell, he'd be dangerous. If he had another braincell, it would die of loneliness. If you shoved his brain up a fleas ass it would be like a pea rattling around in a boxcar. He couldn't find his ass with both hands and a flashlight. Can't tell shit from shinola. His wife has had more meaningful conversations with the houseplants. Trump is like a used crayon, colorful, but not too sharp. Two taquitos short of a combo platter. He has to have the secret service find the doorknob for him to be able to leave in the morning. Dumber than bait. Dumb as a bag of hair. Stupid as the back end of a pig. He has a photographic memory, but the lens cover is on. Thick as a brick. All foam, no beer. Went to a mind reader and was given a 90% off discount. Trump was endowed with a stupidity which by the least little stretch would go around the globe four times and tie. He has no demonstrable need for a corpus callosum. If all the village idiots... left their villages... and formed their own village... OF IDIOTS... in that village... Trump would be the village idiot. He's so stupid he thinks that a lunatic is the noise made by an astronaut's watch. Trump must be the world's only living brain donor. Stupid as a hatful of arseholes. A dolt. An addle-headed guffaw. On the day they handed brains out he thought they said 'trains' and asked for a slow one. Trump is so dumb blondes tell jokes about him. A few cards short of a full deck. Bread's not quite baked. His intelligence is a void no universe could fill. Hardly a thought passes through his head that his mouth can't use. Dumb as a brick in a coma. Easily lost in thought because it's such unfamiliar territory. Thinks "Brigadoon" is a cookie. If he ever had a thought, it would hurt. Smart as a whole field of cabbages.
If he fell off a building he'd get lost on the way down. He's so dumb, dogs teach him tricks. Some drank deeply from the Fountain of Knowledge. He just gargled and spit.If he spoke his mind, he'd be speechless. He's the kind of guy who's plant a dogwood tree and expect a littler of puppies. He stares at fruit juice cans because the label says "concentrate". He has a Teflon brain - nothing sticks. He's a few fries short of a Happy Meal. Hey, he's nobody's fool...! But then, maybe someone will adopt him. He's about as useful as an ashtray on a motorcycle.He thinks a polygon is a dead parrot. If a thought ever crossed his mind, it must have been a long and lonely journey. Beyond stupid and out the other side. When his mistresses whispered in his ear, they heard an echo.

[Mitch]

I will.

He is dumb, really really really dumb.

------------------------------------------------


https://www.rawstory.com/2020/02/hours-after-trump-claims-coronavirus-vaccine-very-close-us-officials-say-its-at-least-a-year-away/

So they had to claim he was talking about ebola.

Trump is a drooling moron. An idiot. A lazy, orange buffoon. A subpar intellect. Not the sharpest knife the drawer. Proof that Artificial Intelligence is preferable to Natural Stupidity. Trump couldn't pour piss out of a boot if the instructions were written on the heel. As sharp as a bowling ball. If brains were dynomite he couldn't blow his nose. Slower than a turtle in molasses. One neuron short of a synapse. Two toys short of a happy meal. Raises the IQ of whatever state he leaves. If he had a braincell, he'd be dangerous. If he had another braincell, it would die of loneliness. If you shoved his brain up a fleas ass it would be like a pea rattling around in a boxcar. He couldn't find his ass with both hands and a flashlight. Can't tell shit from shinola. His wife has had more meaningful conversations with the houseplants. Trump is like a used crayon, colorful, but not too sharp. Two taquitos short of a combo platter. He has to have the secret service find the doorknob for him to be able to leave in the morning. Dumber than bait. Dumb as a bag of hair. Stupid as the back end of a pig. He has a photographic memory, but the lens cover is on. Thick as a brick. All foam, no beer. Went to a mind reader and was given a 90% off discount. Trump was endowed with a stupidity which by the least little stretch would go around the globe four times and tie. He has no demonstrable need for a corpus callosum. If all the village idiots... left their villages... and formed their own village... OF IDIOTS... in that village... Trump would be the village idiot. He's so stupid he thinks that a lunatic is the noise made by an astronaut's watch. Trump must be the world's only living brain donor. Stupid as a hatful of arseholes. A dolt. An addle-headed guffaw. On the day they handed brains out he thought they said 'trains' and asked for a slow one. Trump is so dumb blondes tell jokes about him. A few cards short of a full deck. Bread's not quite baked. His intelligence is a void no universe could fill. Hardly a thought passes through his head that his mouth can't use. Dumb as a brick in a coma. Easily lost in thought because it's such unfamiliar territory. Thinks "Brigadoon" is a cookie. If he ever had a thought, it would hurt. Smart as a whole field of cabbages.
If he fell off a building he'd get lost on the way down. He's so dumb his dogs teaches him tricks. Some drank deeply from the Fountain of Knowledge. He just gargled and spit.If he spoke his mind, he'd be speechless. He's the kind of guy who's plant a dogwood tree and expect a littler of puppies. He stares at fruit juice cans because the label says "concentrate". He has a Teflon brain - nothing sticks. He's a few fries short of a Happy Meal. Hey, he's nobody's fool...! But then, maybe someone will adopt him. He's about as useful as an ashtray on a motorcycle.He thinks a polygon is a dead parrot. If a thought ever crossed his mind, it must have been a long and lonely journey. Beyond stupid and out the other side. When his mistresses whispered in his ear, they heard an echo.

Of course you would, you live and breath Trump :lol

Hes probably built a skyscraper rent free in that little head of yours, cultist

[RandomGuy]

Of course you would, you live and breath Trump :lol

Hes probably built a skyscraper rent free in that little head of yours, cultist

https://images.fineartamerica.com/images-medium-large-5/meh-jason-leonti.jpg

[RandomGuy]

Agree we need to get back into making things, production is the backbone of a strong economy. I don't really see it happening without some serious changes in the world, though. I'm curious to see how a greater scope automation in production & service will hit us, glad I retired and focused on personal ventures tbh

We are automating ourselves out of employment generally.

[CosmicCowboy]

Of course you would, you live and breath Trump :lol

Hes probably built a skyscraper rent free in that little head of yours, cultist

LOL...I must live in that skyscraper....I can't make a post in here without RG responding.

[RandomGuy]

We can't really compare a 1918 pandemic to a 2020 one, tbh. Much better methods to contain and treat these days, but I stand by the proper approach being just looking at facts and not hypotheticals that can raise panic.

Wouldn't call trump dumb, anybody reporting on the virus other than its hard statistics and characteristics are just being irresponsible though. That includes government, health officials and media.

Simple exponential growth will do the trick. Whatever figure you see in the news, will be too low, because it represents what is known, and then only in the past day or two.

It appears to be easily transmissable, and potentially can spread asymptomatically.

https://www.medpagetoday.com/infectiousdisease/publichealth/85027


A young woman from Wuhan, China visited five family members, who all contracted novel coronavirus, COVID-19, in the first-ever documented case of an asymptomatic carrier with normal chest CT imaging results, researchers found.

The woman, age 20, was afebrile and had no respiratory symptoms, including cough and sore throat, no gastrointestinal symptoms, no significant abnormalities on chest CT imaging, and no laboratory abnormalities.

Yet, she tested positive for the novel coronavirus, reported Meiyun Wang, MD, PhD, of Henan Provincial People's Hospital in Henan, China, and colleagues.

More concerning may be that the incubation period for the woman was documented as 19 days, outside of the long-held belief about a 14-day incubation period, the authors wrote in a research letter in JAMA.

In fact, they sounded a note of warning if what they discovered in this case turns out to be true elsewhere:

"The sequence of events suggests that the coronavirus may have been transmitted by the asymptomatic carrier ... If the findings in this report of presumed transmission by an asymptomatic carrier are replicated, the prevention of COVID-19 infection would prove challenging," the team wrote.

I guess we will get to see. Tons of interest in the event, don't look for people to pay less attention to it.

[DMC]

Agree we need to get back into making things, production is the backbone of a strong economy. I don't really see it happening without some serious changes in the world, though. I'm curious to see how a greater scope automation in production & service will hit us, glad I retired and focused on personal ventures tbh

I see having a deadly virus crippling other parts of the world where cheap labor exists as a catalyst to serious changes, at least a paradigm shift in the thinking of businesses based in the US.

[Mitch]

LOL...I must live in that skyscraper....I can't make a post in here without RG responding.

He can't stop, dude is worse than Bouton or w/e his name is :lol

Just plain unhinged, can't believe people let an election hurt their quality of life

[Mitch]

I see having a deadly virus crippling other parts of the world where cheap labor exists as a catalyst to serious changes, at least a paradigm shift in the thinking of businesses based in the US.

That's optimistic, for us at least. I think the nail in the coffin for Chinese sweatshops will inevitably be large civil unrest regarding labor pay/conditions. I figure we'd move to India, but that's a long process and India is muddled with beurocracy so "made in USA" would be more common

[CosmicCowboy]

Almost all antibiotics come from China now. If that slows or stops it could kill as many as the corona virus.

[DMC]

I will.

He is dumb, really really really dumb.

------------------------------------------------


https://www.rawstory.com/2020/02/hours-after-trump-claims-coronavirus-vaccine-very-close-us-officials-say-its-at-least-a-year-away/

So they had to claim he was talking about ebola.

Trump is a drooling moron. An idiot. A lazy, orange buffoon. A subpar intellect. Not the sharpest knife the drawer. Proof that Artificial Intelligence is preferable to Natural Stupidity. Trump couldn't pour piss out of a boot if the instructions were written on the heel. As sharp as a bowling ball. If brains were dynomite he couldn't blow his nose. Slower than a turtle in molasses. One neuron short of a synapse. Two toys short of a happy meal. Raises the IQ of whatever state he leaves. If he had a braincell, he'd be dangerous. If he had another braincell, it would die of loneliness. If you shoved his brain up a fleas ass it would be like a pea rattling around in a boxcar. He couldn't find his ass with both hands and a flashlight. Can't tell shit from shinola. His wife has had more meaningful conversations with the houseplants. Trump is like a used crayon, colorful, but not too sharp. Two taquitos short of a combo platter. He has to have the secret service find the doorknob for him to be able to leave in the morning. Dumber than bait. Dumb as a bag of hair. Stupid as the back end of a pig. He has a photographic memory, but the lens cover is on. Thick as a brick. All foam, no beer. Went to a mind reader and was given a 90% off discount. Trump was endowed with a stupidity which by the least little stretch would go around the globe four times and tie. He has no demonstrable need for a corpus callosum. If all the village idiots... left their villages... and formed their own village... OF IDIOTS... in that village... Trump would be the village idiot. He's so stupid he thinks that a lunatic is the noise made by an astronaut's watch. Trump must be the world's only living brain donor. Stupid as a hatful of arseholes. A dolt. An addle-headed guffaw. On the day they handed brains out he thought they said 'trains' and asked for a slow one. Trump is so dumb blondes tell jokes about him. A few cards short of a full deck. Bread's not quite baked. His intelligence is a void no universe could fill. Hardly a thought passes through his head that his mouth can't use. Dumb as a brick in a coma. Easily lost in thought because it's such unfamiliar territory. Thinks "Brigadoon" is a cookie. If he ever had a thought, it would hurt. Smart as a whole field of cabbages.
If he fell off a building he'd get lost on the way down. He's so dumb, dogs teach him tricks. Some drank deeply from the Fountain of Knowledge. He just gargled and spit.If he spoke his mind, he'd be speechless. He's the kind of guy who's plant a dogwood tree and expect a littler of puppies. He stares at fruit juice cans because the label says "concentrate". He has a Teflon brain - nothing sticks. He's a few fries short of a Happy Meal. Hey, he's nobody's fool...! But then, maybe someone will adopt him. He's about as useful as an ashtray on a motorcycle.He thinks a polygon is a dead parrot. If a thought ever crossed his mind, it must have been a long and lonely journey. Beyond stupid and out the other side. When his mistresses whispered in his ear, they heard an echo.

"He's really really dumb" - Below average income poster who saves up for a beer regarding a billionaire who became president of the United States.

[hater]

:lmao a lot of baghdad bob us apologists here

meanwhile US school systems have just sent mass warnings to parents about the hogh probability of contagion

thisisfine.gif :lol

[hater]

https://twitter.com/independent/status/1232647389212794880?s=21

yeah the great US of A and Trumps people are really prepared for this :lmao

[hater]

Almost all antibiotics come from China now. If that slows or stops it could kill as many as the corona virus.

no shit

but dont worry Coronavirus is only going to kill 3rd world folk and socialists. :lmao

[DMC]

https://twitter.com/independent/status/1232647389212794880?s=21

yeah the great US of A and Trumps people are really prepared for this :lmao

Meanwhile your people are dying to get to our borders.

[RandomGuy]

"He's really really dumb" - Below average income poster who saves up for a beer regarding a billionaire who became president of the United States.

(pats head) Feel free and try prove Trump is an actual billionaire. :lmao

As for the rest of it... you try so hard.. and fail. :lol

https://cdn.ebaumsworld.com/mediaFiles/picture/1548104/85263058.gif

[DMC]

(pats head) Feel free and try prove Trump is an actual billionaire. :lmao

As for the rest of it... you try so hard.. and fail. :lol

https://cdn.ebaumsworld.com/mediaFiles/picture/1548104/85263058.gif
Says the legal ninja guy

[hater]

Meanwhile your people are dying to get to our borders.

im already here idiot :lol

it aint all that :lol

[RandomGuy]

Says the legal ninja guy

more fail. I am actually kind of flattered that people who are such assholes generally dislike me that much. Seriously, that is your worst go-to. :rollin

Maybe you can explain to me again how people can't have negative net-worth.

[DMC]

more fail. I am actually kind of flattered that people who are such assholes generally dislike me that much. Seriously, that is your worst go-to. :rollin

Maybe you can explain to me again how people can't have negative net-worth.

Having a negative networth makes you worth nothing. Zero is nothing.

[RandomGuy]

Having a negative networth makes you worth nothing. Zero is nothing.

https://www.reactiongifs.com/wp-content/uploads/2013/01/cali-fred.gif

Sure. Go with that. smh

[DMC]

https://www.reactiongifs.com/wp-content/uploads/2013/01/cali-fred.gif

Sure. Go with that. smh

You'd need credit to have a negative networth, but since you're worth nothing, you don't even have credit. You have nothing. Well, you have this forum and the legal ninja.

Potential to earn is something. You don't have that either. This is why you need to save up for a beer.

[RandomGuy]

You'd need credit to have a negative networth, but since you're worth nothing, you don't even have credit. You have nothing. Well, you have this forum and the legal ninja.

Potential to earn is something. You don't have that either. This is why you need to save up for a beer.

That is some word vomit right there. Genuinely not sure if you are trying for an insult based on a coversation you dimly remember from a decade ago, or are still trying to claim that negative net worth is impossible.

You go with your bad self. You know more than the St. Louis fed. :rollin.

https://www.stlouisfed.org/~/media/Blog/2019/August/US_Wealth_Distribution_Infographic.jpg?la=en

[hater]

we are prepared right? bestest country in the world

we are actually doing a worse job than China already. the first patient with the virus was not given a test until
today and was basically dying for the last week and probably infected dozens of ppl

no wonder San Francisco put themselves in Emergency today and no wonder Dump and Penis had to do their press conferece :lmao

but but we are the most prepared country in the world. :lmao :lmao

https://twitter.com/passantino/status/1232867400950829056?s=21

[hater]

dow futures already 300 down

tomorrow might be worse bloodbath than previous 3 days

[ElNono]

No doubt that a significant percent of the market is concentrated in Amazon, Apple, Google, Microsoft, and Facebook.

What does that have to do with who owns that stock?


I guess it depends on what you mean by "severe". It has much more of a negative impact on the bottom 80% imo. Losing even $50,000 could significantly impact the life of the average Joe way more than Gates losing a few hundred million. Or even a billion.

I don't completely disagree, but we're talking about risk and losses, and clearly those with larger exposure stand to lose more.

[DarrinS]

dow futures already 300 down

tomorrow might be worse bloodbath than previous 3 days

Dems hoping for another financial crisis. :tu

[DarrinS]

What does that have to do with who owns that stock.

People that start things like Amazon, Apple, Google Microsoft, and Facebook, tend to be majority stakeholders. Don't know what else to tell you.

[cheguevara]

Dems hoping for another financial crisis. :tu

the stock market scam has been artificially inflated for years.

it takes a crisis like this to take it back down to reality

[DarrinS]

the stock market scam has been artificially inflated for years.

it takes a crisis like this to take it back down to reality

The stock market scam?

[DMC]

That is some word vomit right there. Genuinely not sure if you are trying for an insult based on a coversation you dimly remember from a decade ago, or are still trying to claim that negative net worth is impossible.

You go with your bad self. You know more than the St. Louis fed. :rollin.

https://www.stlouisfed.org/~/media/Blog/2019/August/US_Wealth_Distribution_Infographic.jpg?la=en
You're an idiot, dragging the "zero value" into a math discussion :lol

Math ninja

[cheguevara]

The stock market scam?

yes its a scam. artificially controlled, a scam

[FuzzyLumpkins]

RG is still mad at the world. Sucks to be him.

:lol white knighting Darrin

[ElNono]

People that start things like Amazon, Apple, Google Microsoft, and Facebook, tend to be majority stakeholders. Don't know what else to tell you.

They also tend to be pretty rich, which was the whole point...

[RandomGuy]

You're an idiot, dragging the "zero value" into a math discussion :lol

Math ninja

"no idiot, you're the idiot" :rollin

Sure. You go with that.

[picnroll]

Stock market crash. There goes all that rich people’s on paper wealth Bernie and Elizabeth we’re going to tap into to give away all that free shit. :rollin

[boutons_deux]

Dems hoping for another financial crisis

Repugs prolonged the Banksters Great Depression for years to make Obama look bad

[hater]

Stock market crash. There goes all that rich people’s on paper wealth Bernie and Elizabeth we’re going to tap into to give away all that free shit. :rollin

the billionaires already pulled a lot of their $ out last week and monday

its mom and pop who will get slaughtered now

you think they are stupid enough to follow cosmiccowboys advice and stay put :lol

[pgardn]

the billionaires already pulled a lot of their $ out last week and monday

its mom and pop who will get slaughtered now

you think they are stupid enough to follow cosmiccowboys advice and stay put :lol

You have no idea if that advice is good or bad because you have no timeline.
Neither of You do.

Why do people pretend to know things they don’t?

Called it.

Like you actually had great insight.
Nobody has. Which is why cheating occurs.
Or “forgetting” about what you predicted in the past.... oh it’s not indicative of your future skill as the “called it” guy.

Never ever say “I don’t know”
Its a bad look in a political forum apparently.

[picnroll]

the billionaires already pulled a lot of their $ out last week and monday

its mom and pop who will get slaughtered now

you think they are stupid enough to follow cosmiccowboys advice and stay put :lol
If 80% of the holdings got drawn out you’d see a hell of a lot bigger drop than a couple of thousand points. More to come in my book. Got gold?

[hater]

If 80% of the holdings got drawn out you’d see a hell of a lot bigger drop than a couple of thousand points. More to come in my book. Got gold?

i didnt say they pulled all their $ out :lol

they pulled out enough $ to buy back at rock bottom and make a killing duh

[CosmicCowboy]

the billionaires already pulled a lot of their $ out last week and monday

its mom and pop who will get slaughtered now

you think they are stupid enough to follow cosmiccowboys advice and stay put :lol

There are always buying opportunities. Amazon is on sale this week (down 10% since the outbreak) for no good reason. It's sales and market share will only increase if the corona virus gets bad here as everyone opts for home delivery. I own JD.com (similar to amazon in china) and their sales have increased exponentially since the outbreak. As I qualified, I'm not a day trader. I'm looking at a 10 year window when I make stock investments.

[hater]

sure

I also have my 401k and dont bother with it at this point

if I was pushing mid 50s plus otoh I would do something

billionaires can easily pul money one day wait for rock bottom and put it back in. all Im saying is thats whats happening

[picnroll]

There are always buying opportunities. Amazon is on sale this week (down 10% since the outbreak) for no good reason. It's sales and market share will only increase if the corona virus gets bad here as everyone opts for home delivery. I own JD.com (similar to amazon in china) and their sales have increased exponentially since the outbreak. As I qualified, I'm not a day trader. I'm looking at a 10 year window when I make stock investments.
For sure there are different ways to invest and make money. I’m seeing an overextended market and now the good chances of nearly unprecedented supply chain problems short of out and out wars. Not sure that’s good for Amazon.

[picnroll]

Trump must be stroking out.

[Spurs Homer]

932 point drop

[hater]

its like the last 2 years never happened :lol

btw this drop is so much more severe because the stock market was artificially inflated last few years. the house of cards just fell

:lol Trump

[DarrinS]

stop the bleeding, tbh

[boutons_deux]

https://i2.wp.com/blogforarizona.net/wp-content/uploads/2019/08/baghdad-bob.jpg?resize=444%2C331&ssl=1

MAGA

[RandomGuy]

the stock market scam has been artificially inflated for years.

it takes a crisis like this to take it back down to reality

Long time no see. Well, the stock buy backs have been pushing that along.

[RandomGuy]

Of course you would, you live and breath Trump :lol

Hes probably built a skyscraper rent free in that little head of yours, cultist

Can't defend the Dear Leader... attack the poster with a "gotcha". It must be exhausting for you idiots to have to defend or explain the sheer fuckery that dribbles off his twitter feed on an hourly basis.

[RandomGuy]

932 point drop

Down a few hundred points this morning. The case in Cali probably has everybody spooked.

Of course Trump claimed everything was under lockdown right before that got reported.

[Thread]

Down a few hundred points this morning. The case in Cali probably has everybody spooked.

Of course Trump claimed everything was under lockdown right before that got reported.

I'm confidant Cali releasing their case that-a-way was no accident.

[picnroll]

I'm confidant Cali releasing their case that-a-way was no accident.

Word was out before the press conference but you don’t expect Trump to be on top of things do you. When others he was standing in the background looking like he was trying to remember his tee time.

[RandomGuy]

stop the bleeding, tbh

-700 points today so far.

Maybe your Dear Leader Trump will use a sharpie to fix it.

https://www.rev.com/blog/wp-content/uploads/2019/09/Trump-Dorian-Map-Sharpie-Transcript-1024x525.jpg

[Thread]

Word was out before the press conference but you don’t expect Trump to be on top of things do you. When others he was standing in the background looking like he was trying to remember his tee time.

...perhaps, but, there was no report about that Cali case until AFTER the news conference.

He is on top of things. Everybody & their sister using this Corona as the current tool of choice to run him off, with (Russia) on the back burner.
Thought it brilliant to have all the wise asses on the dais with him...they'd been jack-assing on their own about it,,,let 'em own it in front of the President.

[Thread]

-700 points today so far.

Maybe your Dear Leader Trump will use a sharpie to fix it.

https://www.rev.com/blog/wp-content/uploads/2019/09/Trump-Dorian-Map-Sharpie-Transcript-1024x525.jpg

Weather reports in that circa indicated & referenced Alabama. He-was-not-wrong.

& just remember, smart ass, your 401k is taking a beating as well.

Let us proceed...

[picnroll]

Point of reference:
There have been 12 bear markets defined by a 20% decline since World War II with an average decline of 32.5% as measured on a close-to-close basis.
The most recent was October 2007 to March 2009, when the market dropped 57% (ouch) and then took more than four years to recover. The S&P 500 closed in a bear market in December 2018 using intraday data.
Bear markets have lasted 14.5 months on average and have taken two years to recover on average.

[Mitch]

Can't defend the Dear Leader... attack the poster with a "gotcha". It must be exhausting for you idiots to have to defend or explain the sheer fuckery that dribbles off his twitter feed on an hourly basis.

What a weak response :lol

"forget bout me, this is orange man bad time"

Get over yourself, dumbass. You spend a large amount of time talking about the president and hoping something bad happens to the country so you can scream "see I told you so, back to democrats now".

I don't even know how much time you spend on social media with trump's dick in your mouth, but I wager its a lot with how much you do it here. Being on the opposite side of the hall as a die hard Trumper doesn't make you any better if you both spend asinine amounts of effort on the president.

Done with ya, random, you're a lost cause like John

[hater]

dow futures already 300 down

tomorrow might be worse bloodbath than previous 3 days

this prediction could become reality in next hour

California just said they are monitoring thousands of potential cases :wow :wow

[hater]

Toronto stock exchange just shut down

they blamed it on an order entry technical problem :lol

[picnroll]

Day traders are having fun.

[Thread]

Toronto stock exchange just shut down

they blamed it on an order entry technical problem :lol

Won't do any good to shut down...gonna have to take it...then grab some jacks & timbers & start back down.

[Thread]

Won't do any good to shut down...gonna have to take it...then grab some jacks & timbers & start back down.

ADDENDUM:::What to watch:::if the Corona Crisis is false,,,MSM will try & sustain the Crash as..."it really wasn't Corona, it's a completely independent and separate issue." They'll hammer that like trout meat.

[Winehole23]

I'm confidant Cali releasing their case that-a-way was no accident.You think a California hospital was trying to hurt Trump and the stock market?

[hater]

dow futures already 300 down

tomorrow might be worse bloodbath than previous 3 days


called it :wow

Nostradamus

[picnroll]

You think a California hospital was trying to hurt Trump and the stock market?

It was in the press that there was another patient and source was under investigation prior to the press conference. Hadn’t said where or confirmed it couldn’t be traced but I’m sure some on the stage we’re aware. Trump could have been aware if he had half a clue what’s going on.

[hater]

dow futures already 300 down

tomorrow might be worse bloodbath than previous 3 days

I need to start getting commision tbqh :wow

prediction for tomorrow: another bloodbath as investors will try to get ahead of weekend which will bring much more bad news.

wall streeet will probably shut down at some point tomorrow

[Spurs Homer]

1190 down


welp

there goes the last thing holding trump in the office he stole...

:cry:cry

[picnroll]

I need to start getting commision tbqh :wow

prediction for tomorrow: another bloodbath as investors will try to get ahead of weekend which will bring much more bad news.

wall streeet will probably shut down at some point tomorrow

Might be a deadman’s bounce tomorrow unless more and real bad news.

[hater]

Might be a deadman’s bounce tomorrow unless more and real bad news.

whos gonna buy anything? :lol

CDC just said all americans are at risk

[Winehole23]

Down 4.5% in one day. Damn.

[Thread]

You think a California hospital was trying to hurt Trump and the stock market?

No, "just Trump...whatever happens after that is not our fault."

[picnroll]

whos gonna buy anything? :lol


Cosmic Cowboy and day traders living off volatility.

[hater]

Cosmic Cowboy and day traders living off volatility.

:lol

[Winehole23]

No, "just Trump...whatever happens after that is not our fault."Who should we blame for official incompetence and hiding bad news from the people?

[RandomGuy]

What a weak response :lol

"forget bout me, this is orange man bad time"

Get over yourself, dumbass. You spend a large amount of time talking about the president and hoping something bad happens to the country so you can scream "see I told you so, back to democrats now".

I don't even know how much time you spend on social media with trump's dick in your mouth, but I wager its a lot with how much you do it here. Being on the opposite side of the hall as a die hard Trumper doesn't make you any better if you both spend asinine amounts of effort on the president.

Done with ya, random, you're a lost cause like John

Meh. You decided that the presidents actions were less important than something about me.

That is your decision to change the subject from what our government is doing to some personal aspect of someone on a basketball forum.

So again, now you make it about me, instead of evaluating the efficacy of the government's policies or personnel.

I don't think I am that interesting, frankly.

[RandomGuy]

1190 down


welp

there goes the last thing holding trump in the office he stole...

:cry:cry

Year on year negative. All gains for the previous year gone.

25,766.64-1,190.95 (-4.42%)
At close: 4:20PM EST

I'm sure President Sharpie has the solution.

https://www.rev.com/blog/wp-content/uploads/2019/09/Trump-Dorian-Map-Sharpie-Transcript-1024x525.jpg

[RandomGuy]

Sorry I forgot, President Sharpie put Vice President Sleepytime Mcmayonniase in charge. I feel better now.

https://i.dailymail.co.uk/1s/2018/12/12/01/7312306-6485875-image-a-6_1544578398478.jpg

[picnroll]

Year on year negative. All gains for the previous year gone.

25,766.64-1,190.95 (-4.42%)
At close: 4:20PM EST

I'm sure President Sharpie has the solution.

https://www.rev.com/blog/wp-content/uploads/2019/09/Trump-Dorian-Map-Sharpie-Transcript-1024x525.jpg
Easy peasy. Just turn the one year chart upside down. His supporters will never figure it out and Hannity and Lou Dibbs will back him up.

[RandomGuy]

Easy peasy. Just turn the one year chart upside down. His supporters will never figure it out and Hannity and Lou Dibbs will back him up.

Up is down. War is peace, freedom is slavery, ignorance is strength.

Minster Hannity of the Ministry of Information will tell us what to think.

[RandomGuy]

Down 4.5% in one day. Damn.

Heavy volume too, 660M shares. I think a lot of stop loss got triggered. Be interesting to see how much down momentum that presages.

Assuming heavy volume means a lot of down momentum:

Another down day tomorrow, and that a lot of portfolios are shifting money out of equities for the short term. Seems sensible given the supply chain uncertainty is not abating.

[pgardn]

Trump really does not like his VP.

How many times has he stuck Pence in these no win situations?
Im sure Pence loved going down to the border to see all the kids crying and parents yelling.
And Pence the good Christian has become just fine with the lying.
Amazing stuff. Trump is just nailing Mike to the cross while Mike gives up on Jesus.

[Thread]

Who should we blame for official incompetence and hiding bad news from the people?

He told us about losing over a million people to the flu over the last 2 decades. You don't want to hear that of course.

[Thread]

Trump really does not like his VP.

How many times has he stuck Pence in these no win situations?
Im sure Pence loved going down to the border to see all the kids crying and parents yelling.
And Pence the good Christian has become just fine with the lying.
Amazing stuff. Trump is just nailing Mike to the cross while Mike gives up on Jesus.

He saw the same kids crying & same parents yelling down there when Obama was President.

[DarrinS]

Meh. Most stocks and bonds are owned by the richest few hundred families in the US.

Most people don't really feel too impacted by markets since most in the US don't own anything.

The few with retirement savings will see a hit to be sure but for most Americans, which include just about everybody living paycheck to paycheck... pfft.



I'm glad the stock market tanking only affects a few hundred of the richest families.

[phxspurfan]

The bounce will be real in the next day or two. Lot of opportunity to make great percentages in a two day trade. Super duper oversold conditions. Like historically oversold for the market to tank this much in 3-4 sessions.

[pgardn]

He saw the same kids crying & same parents yelling down there when Obama was President.

Indiana is a border state.

Real stuff.

They were Catholic kids most likely Thready, so no worries.

[hater]

The bounce will be real in the next day or two. Lot of opportunity to make great percentages in a two day trade. Super duper oversold conditions. Like historically oversold for the market to tank this much in 3-4 sessions.

:lmao its not bouncing back tomorrow brah

if we have good news over the weekend then it should bounce back next week. big IF

[pgardn]

:lmao its not bouncing back tomorrow brah

if we have good news over the weekend then it should bounce back next week. big IF

What is good news?

[DMX7]

:lmao its not bouncing back tomorrow brah

if we have good news over the weekend then it should bounce back next week. big IF

Correct.

[DMX7]

What is good news?

The market is looking for anything positive. Hell, no news is good news because it just keeps getting worse.

[hater]

i guess some gamblers could buy late tomorrow but only the pol that have $ to burn

[DarrinS]

I lost 1/3rd of everything in 2008 and fully recovered.

Long game

[RandomGuy]

I'm glad the stock market tanking only affects a few hundred of the richest families.

Keep beating that strawman.

[Millennial_Messiah]

I hope we get a real recession so I can invest

[DMC]

I hope we get a real recession so I can invest

That 20 dollars isn't going to double while in your pocket.

[phxspurfan]

:lmao its not bouncing back tomorrow brah

if we have good news over the weekend then it should bounce back next week. big IF

bend over I'll give ya some good news

[Millennial_Messiah]

That 20 dollars isn't going to double while in your pocket.

if i had 250k when obama got inaugurated the first time, i'd be a millionaire by now. without working a goddamn day.

[DMC]

if i had 250k when obama got inaugurated the first time, i'd be a millionaire by now. without working a goddamn day.

You were probably living with your parents then.

[hater]

I hope we get a real recession so I can invest

i have some dough. i might jump in just for fun but not yet

futures are bad again

[Will Hunting]

You were probably living with your parents then.
That probably hasn’t changed :lol

[hater]

:lmao Trump

https://twitter.com/caff_james/status/1233187945110073344?s=21

[Spurs Homer]

Flirting with -1,000 right now

[Spurs Homer]

:lmao Trump

https://twitter.com/caff_james/status/1233187945110073344?s=21


but but obama!


:cry

[picnroll]

Market’s going bear hunting.

[DarrinS]

:lmao Trump

https://twitter.com/caff_james/status/1233187945110073344?s=21


Dumb. Rank them as percent drops.

[hater]

Dumb. Rank them as percent drops.

:lmao doesnt matter when Trump owns top 10 :lmao

:lol Trump

[Winehole23]

Muzzling public health officials and and having White House flacks mimimize the seriousness of the outbreak doesn't seem to have calmed jitters in the market. Down 4 percent this morning, 14 percent so far this week.

[DarrinS]

:lmao doesnt matter when Trump owns top 10 :lmao

:lol Trump


What's worse, a 1000 point drop when the market is at 28000? Or, a 1000 point drop when the market is at 14000?

[pgardn]

:lmao Trump

https://twitter.com/caff_james/status/1233187945110073344?s=21

Those are points not percentages

oops

hater already been over the head again

[pgardn]

:lmao doesnt matter when Trump owns top 10 :lmao

:lol Trump

Yes it does, the market has been the highest ever so it’s easier to lose more points when you have massive numbers of points to lose ...ya math whiz.

Trump did not create the coronavirus, no matter what you or the great floating turd think
and I don’t think it would matter what he said, use caution, we’re fine, none of it’s gonna calm The volatility people create with The influence of highly uncertain events

[RandomGuy]

Muzzling public health officials and and having White House flacks mimimize the seriousness of the outbreak doesn't seem to have calmed jitters in the market. Down 4 percent this morning, 14 percent so far this week.

Markets aren't buying Sniffles McGolfensteins bullshit. The plutocrats may be rah rah for Trump when it comes to getting tax giveaways, but even they know he is incompetent and lying.

Putting Sleepy McMayonniase in charge probably didn't help their perception. "I'm at a briefing about a communicable disease where I was just put in charge, let me wipe my nose on camera and then shake everybody's hand" :lmao

[RandomGuy]

Flirting with -1,000 right now

Volume is heavy too. Probably not going to stop at -1000, would be my guess. :wow

[Spurs Homer]

Volume is heavy too. Probably not going to stop at -1000, would be my guess. :wow

im guessing a rally in the early part of the day-


and a yuuuge crash over 1,200 by closing/weekend panic


or more

[boutons_deux]

percentages, not numbers, for historical framing

Black Friday losses of '89 were about 10%,

which today would mean about 2500 points

and Covid-19 has not yet begun to spread in USA.

We could see schools closed for weeks, air travel plummet, spring break destinations wiped out, restaurant/retail businesses damaged

I'm not worried. Trash and his sycophants have everything under control, with Repug pols and the 42% believing and supporting the Trash bullshit

[picnroll]

Have to admire the way day traders can jerk the market around.

[RandomGuy]

im guessing a rally in the early part of the day-


and a yuuuge crash over 1,200 by closing/weekend panic


or more

eyup. fall due to yesterdays continued momentum, then leveling off. then when people check their portfolios after lunch... plummet more? that seems to be the pattern.

[RandomGuy]

Have to admire the way day traders can jerk the market around.

Volume is too heavy for day traders. This is big institutional funds re-aligning their portfolios to park their cash in bonds and wait out the slowdown in something less risky.

[boutons_deux]

https://mail.google.com/mail/u/0?ui=2&ik=c5ffe9fe07&attid=0.1&permmsgid=msg-a:r-7428879420480695915&th=1708cf09db36b652&view=fimg&sz=s0-l75-ft&attbid=ANGjdJ9TqssKtbuiAvcV-x56BA0wRs7tKv6g0HulzC25C_avMgG4iYFhkfEMVUUdCtyCNPZ wqhyDprSQA_Zc36EzHCab3jPYfZAm-NEg9Wtv8aU0TCzvULlKzqLezu0&disp=emb&realattid=ii_k76h97660

[DMX7]

Algorithmic trading is going wild. This is how you get the fastest market correction is history.

[hater]

I need to start getting commision tbqh :wow

prediction for tomorrow: another bloodbath as investors will try to get ahead of weekend which will bring much more bad news.



called it


wall streeet will probably shut down at some point tomorrow

didnt call it

[DMX7]

im guessing a rally in the early part of the day-


and a yuuuge crash over 1,200 by closing/weekend panic


or more

I was really surprised the day ended a bit better than expected.

[hater]

I was really surprised the day ended a bit better than expected.

its the gamblers

[Spurs Homer]

I was really surprised the day ended a bit better than expected.

yup

rally for the closing- could have been really worse

[SnakeBoy]

This is big institutional funds re-aligning their portfolios to park their cash in bonds and wait out the slowdown in something less risky.

lol no

[RandomGuy]

lol no

(shrugs) just going by what I heard.

[SnakeBoy]

(shrugs) just going by what I heard.

Institutional funds don't operate like that. They may be scaling out of positions taking profit and scaling back into the same positions for future growth but they aren't jumping from equities to bonds based on short term price action. Their concern is long term performance against whatever index they are compared to.

I already told you, it's margin calls. That's hedge funds.

and then you have market makers who are just loving this

[DarrinS]

My T.Rowe Price account didn't take too much of a hit. Good manager, I suppose.

[RandomGuy]

Institutional funds don't operate like that. They may be scaling out of positions taking profit and scaling back into the same positions for future growth but they aren't jumping from equities to bonds based on short term price action. Their concern is long term performance against whatever index they are compared to.

I already told you, it's margin calls. That's hedge funds.

Noted, and thanks. Been busy in the last year, so have tuned out of a lot of news.

[boutons_deux]

-3500, definitely passed 1989's Black Friday

Next target, Lehman Bros / Banksters Great Depression, Oct 2008

[DarrinS]

-3500, definitely passed 1989's Black Friday

Next target, Lehman Bros / Banksters Great Depression, Oct 2008


Back in 87, a 500 point drop was 22% of the market.

https://en.m.wikipedia.org/wiki/Black_Monday_(1987)

[SnakeBoy]

Noted, and thanks. Been busy in the last year, so have tuned out of a lot of news.

I forgot to also mention giant investment companies like Goldman, Carlyle, etc. They are just fine selling to kill prices because they short all of their positions anyways. They'll make money going down and then take the ride back up.

[SnakeBoy]

Back in 87, a 500 point drop was 22% of the market.

https://en.m.wikipedia.org/wiki/Black_Monday_(1987)

Media's favorite way of making it sound more dramatic is "largest point decline". Dumbass Boo falls for it.

[boutons_deux]

current drop is about, approaching 15%

any guesses how far it will fall?

Trash and his mafiya are all on message that it's all the Dem's fault. 15% in stock market drop isn't nothing to worry about.

[spurraider21]

Media's favorite way of making it sound more dramatic is "largest point decline". Dumbass Boo falls for it.
same way Trumpettes would furiously masturbate every time trump tweeted about record daily point gains

[Spurs Homer]

My T.Rowe Price account didn't take too much of a hit. Good manager, I suppose.

no manager can avoid losses - or guess where he can NOT lose -

only thing that mitigates losses is to have a diversified portfolio and just buckle up and go for the long haul -

anyone who tells you they can "play" the market and win more than another person or manager - is a con man -
but you support a con man - so you might have just been conned today

[SnakeBoy]

no manager can avoid losses - or guess where he can NOT lose -

only thing that mitigates losses is to have a diversified portfolio and just buckle up and go for the long haul -

anyone who tells you they can "play" the market and win more than another person or manager - is a con man -
but you support a con man - so you might have just been conned today

Larry Puglia is manager of T. Rowe bluechip growth fund (TRBCX). He has consistently beat the market for 27 years running. There are other manager's that have done the same but they are few. In general you are correct, most fund managers consistently fail to beat an index fund.

Full disclosure, I've been buying TRBCX monthly for over a decade so I'm a bit biased. Larry's been good to me.

[Spurs Homer]

Larry Puglia is manager of T. Rowe bluechip growth fund (TRBCX). He has consistently beat the market for 27 years running. There are other manager's that have done the same but they are few. In general you are correct, most fund managers consistently fail to beat an index fund.

Full disclosure, I've been buying TRBCX monthly for over a decade so I'm a bit biased. Larry's been good to me.


Maybe "beat the market" means something different to you - as it does to me?

What I mean - is that no one can guess what the market is going to do and avoid losses - because Darrin was saying he didn't do too badly today (-350 points) - because (he implied) he has a good manager.

My response is - "only by having a diversified portfolio and staying put for the long haul" can anyone "beat the market."

So I am guessing - your guy you just mentioned - does this exactly -
he manages diversified portfolios of domestic and international funds and by being vastly diversified - he wins some and loses some - and over time -

he ends up appreciating his assets by doing just that.

But he isn't beating the market or figuring out what no one else has figured out.

No one is beating the market IMO - but plenty have responsibly managed portfolios which have increased over the last decades of stock market trends.

[SnakeBoy]

Maybe "beat the market" means something different to you - as it does to me?

What I mean - is that no one can guess what the market is going to do and avoid losses - because Darrin was saying he didn't do too badly today (-350 points) - because (he implied) he has a good manager.

My response is - "only by having a diversified portfolio and staying put for the long haul" can anyone "beat the market."

So I am guessing - your guy you just mentioned - does this exactly -
he manages diversified portfolios of domestic and international funds and by being vastly diversified - he wins some and loses some - and over time -

he ends up appreciating his assets by doing just that.

But he isn't beating the market or figuring out what no one else has figured out.

No one is beating the market IMO - but plenty have responsibly managed portfolios which have increased over the last decades of stock market trends.

Beating the market means making more in good times and losing less in bad times than the market. To be technically correct regarding funds it would be beating the index (not the market).

[DarrinS]

Larry Puglia is manager of T. Rowe bluechip growth fund (TRBCX). He has consistently beat the market for 27 years running. There are other manager's that have done the same but they are few. In general you are correct, most fund managers consistently fail to beat an index fund.

Full disclosure, I've been buying TRBCX monthly for over a decade so I'm a bit biased. Larry's been good to me.


I used to be heavily invested in that fund, but since I'm getting older, I switched to one that's a big less aggressive. I can't remember the name of it, but it's based on a year range when you expect to retire, so it's something like 2035 Fund. And it's supposed to taper allocation to stocks as you approach retirement.

[SnakeBoy]

I used to be heavily invested in that fund, but since I'm getting older, I switched to one that's a big less aggressive. I can't remember the name of it, but it's based on a year range when you expect to retire, so it's something like 2035 Fund. And it's supposed to taper allocation to stocks as you approach retirement.

I did the opposite. Started in target retirement fund and switched entirely to growth following the great recession. Interest rates still aren't attractive enough for me to put any money on bonds again. In a decade I'll start considering when to begin the move into annuities. Hopefully things go well enough and we won't need to worry about growth anymore.

[hater]

My T.Rowe Price account didn't take too much of a hit. Good manager, I suppose.

thanks for the input

I guess we can chalk this week as a nothing happened week :lmao

[SnakeBoy]

Noted, and thanks. Been busy in the last year, so have tuned out of a lot of news.

Here's an article you might find interesting regarding margin calls

Gold Joins the Virus Sell-Off With Its Biggest Slide Since 2013
https://www.bloomberg.com/news/articles/2020-02-28/gold-prices-plunge-by-the-most-intraday-since-june-2013

“It’s bloodshed,” Commerzbank AG analyst Carsten Fritsch said by phone Friday. “It first started with forced selling from equity investors who also sold their gold positions to cover their losses in equities and also to cover margin calls. Gold investors don’t want to sell but are forced to cover the losses in other asset classes.”

[picnroll]

Here's an article you might find interesting regarding margin calls

Gold Joins the Virus Sell-Off With Its Biggest Slide Since 2013
https://www.bloomberg.com/news/articles/2020-02-28/gold-prices-plunge-by-the-most-intraday-since-june-2013
I got into some gold early in this Coronavirus thing. Wondered what the hell happened.

[hater]

dow futures up

there will probably be an uptick next early monday and depending if no more hotspots reported in US it will probably keep going up for a while

i have few thousand to throw in at these bargain prices. just not sure yet

[DMX7]

dow futures up

there will probably be an uptick next early monday and depending if no more hotspots reported in US it will probably keep going up for a while

i have few thousand to throw in at these bargain prices. just not sure yet

I think I called this right in saying that "good news" over this weekend would essentially be anything other than catastrophic news, lol. This week could still be shaky but I wouldn't be surprised by a big rally near the end of it.

[hater]

I think I called this right in saying that "good news" over this weekend would essentially be anything other than catastrophic news, lol. This week could still be shaky but I wouldn't be surprised by a big rally near the end of it.

yeah Cosmiccowboy might finally be right and its a good time to buy now :lol

i guess worst case many hotspots develop in Americas including latin america and its game over but at that point stock market and a few thousand $ would be least of our worries :lol

[hater]

what company would you drop some cash early monday nigs? google? apple? or?

[picnroll]

Way to early to put anything into futures. Your as likely to wake up tomorrow morning and it’s down 300.

[DC23]

dow futures up

there will probably be an uptick next early monday and depending if no more hotspots reported in US it will probably keep going up for a while

i have few thousand to throw in at these bargain prices. just not sure yet
There is no volume right now. Futures aren't indicative till 3-4 hours before market opening.

[Spurs Homer]

what company would you drop some cash early monday nigs? google? apple? or?


3M

(masks)

and

Clorox

[SnakeBoy]

what company would you drop some cash early monday nigs? google? apple? or?

I'll be buying FANG this week. Hoping it hits low $50's on more panic

Edit: Should be more clear. I'll start scaling in this week. Will continue buying lower and back up to $75. Price target $150 in next 12-18 months.

[hater]

3M

(masks)

and

Clorox

:lol

what company makes bodybags?

[Spurs Homer]

:lol

what company makes bodybags?


lol

[picnroll]

Overnight futures just out. Down 300

[CosmicCowboy]

The Dow closed 1,293.96 points higher, or 5.1%, at 26,703.32. The move on a percentage basis was the Dow’s biggest since March 2009. It was the largest-ever points gain for the 30-stock average.

[ducks]

The Dow finished up 1,294 points, or 5.1%, making it its best one-day point gain on record. On a percentage basis, Monday was its best day since March 2009

[spurraider21]

The Dow closed 1,293.96 points higher, or 5.1%, at 26,703.32. The move on a percentage basis was the Dow’s biggest since March 2009. It was the largest-ever points gain for the 30-stock average.
direct result of biden endorsements tbh

[Mitch]

The stock market doesn't directly gauge the health of the economy, I don't know why people go crazy over it tbh. I understand trump uses it for political gain, but it makes no sense for somebody to point at a bad week and yell recession.

[spurraider21]

The stock market doesn't directly gauge the health of the economy, I don't know why people go crazy over it tbh. I understand trump uses it for political gain, but it makes no sense for somebody to point at a bad week and yell recession.
its not like stock market crashes had anything to do with the great recession or depression or anything

[Mitch]

its not like stock market crashes had anything to do with the great recession or depression or anything

Well, it's not.

The stock market tanked, it has always and will always do that because it reacts to the economy on a day to day basis and if everything was roses we'd have an asinine amount of wealth.

The great depression is connected to the crash of the stock market just because that's when people realized the hole they dug. Years of growing consumption suddenly halted for various reasons and the stocks didn't jump back because of other factors (some say the fed, some say central planning). If consumption stops, businesses keep operating as if it hadn't stopped, shit hits the fan.

[hater]

dow futures up

there will probably be an uptick next early monday and depending if no more hotspots reported in US it will probably keep going up for a while

i have few thousand to throw in at these bargain prices. just not sure yet

called it

[DMX7]

called it

Did you throw in?

[DMC]

Well, it's not.

The stock market tanked, it has always and will always do that because it reacts to the economy on a day to day basis and if everything was roses we'd have an asinine amount of wealth.

The great depression is connected to the crash of the stock market just because that's when people realized the hole they dug. Years of growing consumption suddenly halted for various reasons and the stocks didn't jump back because of other factors (some say the fed, some say central planning). If consumption stops, businesses keep operating as if it hadn't stopped, shit hits the fan.

Of course that's your theory. You're a first year grad student. Next year you'll be in here quoting Gordon Wood, talking about how the capitalist effects of market economy was homosexual way back in the Precambrian era. (I forgot the quote lol)

[CosmicCowboy]

yeah Cosmiccowboy might finally be right and its a good time to buy now :lol

i guess worst case many hotspots develop in Americas including latin america and its game over but at that point stock market and a few thousand $ would be least of our worries :lol

There will still be bad days and huge supply disruptions. China is shut down and is a huge part of the worldwide economy. It could easily push us into a worldwide recession even if the covid19 doesnt get bad here. A few million worldwide will probably die, but within 2-4 years we should develop a herd resistance to the virus and good times will roll again. Most of you are young and should be investing for a long term view and some good stocks will be on sale for awhile.