Dow Jones down 900 in opening hour of trading

[CowboyTed]

This is not good....

Dow Jones INDEX TODAY | DJIA LIVE TICKER | Dow Jones QUOTE & CHART | Markets Insider

At one point it looked like a 1000 in an hour.

Trump's presser did not calm them down.

• He appoint Pence in charge who has a history mishandling HIV epidemic and saying smoking doesn't kill you, so he is going to listen to actual scientists.
• Puts a gag order on real scientists, one got an order of freedom from GW Bush
• Trump gets one fact after another wrong

So the Market does what is does...

 

[CowboyTed]

Over a 1000 down now 1 hour 15 min into todays trading..

 

[OldLady]

Over a 1000 down now 1 hour 15 min into todays trading..

1000 down from today's opening bell?

 

[CowboyTed]

Over a 1000 down now 1 hour 15 min into todays trading..

1000 down from today's opening bell?

Yep... I think so...

 

[CowboyTed]

Over a 1000 down now 1 hour 15 min into todays trading..

1000 down from today's opening bell?

Yep... I think so...

minor rally... back to 900 down... this is dangerous...

 

[CowboyTed]

Almost hit the 52 week low there... That would have the market back to late 2017...

 

[Muhammed]

Over a 1000 down now 1 hour 15 min into todays trading..

1000 down from today's opening bell?

Yep... I think so...

minor rally... back to 900 down... this is dangerous...

I don't think so.

I think it's a long overdue correction of an overvalued stock market.

 

[occupied]

This is Trump's 9/11. He has already failed in this test of his leadership and he will keep on failing as this emergency continues to develop. He does not have the basic 10th grade biology education that would allow him separate bullshit misinformation from reality.

 

[Jackson]

Aren't curbs supposed to be placed when the market goes too low too fast? When will this take place?

 

[bodecea]

Over a 1000 down now 1 hour 15 min into todays trading..

1000 down from today's opening bell?

Yep... I think so...

minor rally... back to 900 down... this is dangerous...

I don't think so.

I think it's a long overdue correction of an overvalued stock market.

Of course.

 

[MarathonMike]

Getting close to a key support level 2850 on the S&P 500.

 

[CowboyTed]

Over a 1000 down now 1 hour 15 min into todays trading..

1000 down from today's opening bell?

Yep... I think so...

minor rally... back to 900 down... this is dangerous...

I don't think so.

I think it's a long overdue correction of an overvalued stock market.

It could be... But doesn't that make it worse on Trump...

GDP Growth 2.1%, is average and getting lower
Unemployment is low but only 1% better than he inherited
He increased borrowing (from Obama) by 2.1%, same number as he increased borrowing
Now the Stock market is going down badly, if this is a correction it is worse for Trump.

 

[Toddsterpatriot]

Aren't curbs supposed to be placed when the market goes too low too fast? When will this take place?

 

[Jackson]

Checked out curbs and they kick in on 3 levels according to the S&P. Curb Level 1 is a 7% loss, Level 2 13% loss and Level 3 20% loss within 15 minutes of trading That is in the S&P
Trading curb - Wikipedia

 

[CowboyTed]

Aren't curbs supposed to be placed when the market goes too low too fast? When will this take place?

Could close the market for the day but that sends a real bad message unless something changes over the weekend.

I don't know if they are allowed to cut off automated trading... 80% of trades are automated...

Interest rates won't stop this and might even show Government are panicking

In perspective:
Black Monday was a 22.5% drop...

This one is presently at 16% drop...

22,860 would be a 22.5% drop...

 

[Jackson]

People are going crazy over the virus. We need good news and that won't be coming anytime soon

 

[occupied]

Over a 1000 down now 1 hour 15 min into todays trading..

1000 down from today's opening bell?

Yep... I think so...

minor rally... back to 900 down... this is dangerous...

I don't think so.

I think it's a long overdue correction of an overvalued stock market.

It could be... But doesn't that make it worse on Trump...

GDP Growth 2.1%, is average and getting lower
Unemployment is low but only 1% better than he inherited
He increased borrowing (from Obama) by 2.1%, same number as he increased borrowing
Now the Stock market is going down badly, if this is a correction it is worse for Trump.

Since all this can be blamed on economic malpractice and a retarded response to this emergency it will be difficult to shift blame.

 

[shockedcanadian]

The Dow went from I think 18000 to about 29500 in 3 years or so, I never thought the market was the place Trump should have been touting as it had to correct at some point. He should have focused on jobs, wages and tax cuts to the middle class.

It's frightening that few are even curious about the virus source, it's a convenient excuse for a market sell off.

I also wonder how many shorted the index at 29k and are now laughing.

 

[Toddsterpatriot]

Aren't curbs supposed to be placed when the market goes too low too fast? When will this take place?

Could close the market for the day but that sends a real bad message unless something changes over the weekend.

I don't know if they are allowed to cut off automated trading... 80% of trades are automated...

Interest rates won't stop this and might even show Government are panicking

In perspective:
Black Monday was a 22.5% drop...

This one is presently at 16% drop...

22,860 would be a 22.5% drop...

In perspective:
Black Monday was a 22.5% drop...

And the market was already 16% below its peak before Black Monday

 

[Indeependent]

Amazing that a market hovering around 25,000 is now considered a “disaster!”.