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You simple can not operate a free market based on protecting people's profits. People are selling short and making money out this market fall just as someone else is loosing money because they are long on the market. Loses and profits should be irrelevant to the operation of a market because no one wants to risk their money when the game is rigged in order to protect the interest of some while penalizes other.With the GM bailout, quantitative easing, etc... I think the cat may be out of the bag as to government intervention.Market circuit breakers which are set by the exchanges help to stabilize a market so when there is major market fall, traders anxious to clear their position do not add to the collapse. For example, if the price of the Standard & Poor 500 index falls 7% from the previous close, trading of all stocks on the two major U.S. stock exchanges – the New York Stock Exchange and the NASDAQ is suspended for 15 minutes. If it drops an additional 6%, trading halts for another 15 minutes. If the S&P 500 drops a further 7% – for a total drop of 20% then trading ceases for the day.They need to shutdown the stock markets until next Monday.
They likely will in the next couple of days. Honestly, I thought it would be closed today.
Bank holiday is definitely coming.
The chickens are coming home to roost.
They aren't ready to hear about a "bank holiday".
If the market is closed too long, it can give the signal that American markets are not free of government intervention and that they are unreliable. In general, investors prefer the market is open during major falls so they know at all times the value of their portfolio.
While temporary halts to trading gives market participants time to parse information and make more levelheaded decisions, a shutdown could cause real damage to U.S. investments in the long run if they’re seen as less of a haven to global investors.
Possible. Long run considerations are great. But someone who is losing $10-50K of their retirement at the age of 58 is probably not too worried about what the Sultan of Brunei is doing with his portfolio.
No one is celebrating asshole.Anyone noticed Dems are celebrating.
We ALL get hurt by this
When it starts back up it will climb so fast you will lose more than you think you are saving by waiting....Home Depot and Apple are both good individual gambles if you don't like energy stocks....There are tons of deals out there...look at how low the energy sector is...if you are not researching a purchase or two you are not thinking....You’re nuts! This market hasn’t hit bottom. Whatever you are thinking about buying now that has dropped 20-30% already will be cheaper in the future. There are a few, very few long opportunities right now. The economic effects haven’t even been felt. Wait until some of these highly leveraged companies start filing bankruptcy.
What buying opportunities do you see? Blue Apron? It was up over 50% today.
Specifics? Name the stocks you’d go long right now.
Whatever you pay for them tomorrow, I will buy them for less in the future.
Great example of why using the stock market as your sole source of retirement security is a fool's errand
This is twice in 12 years.
So you've got nothing but hate and vitriol for President Trump who has been ahead of the curve on this from day one.
Published February 1, 2020
China slams Trump's coronavirus travel limits: 'Not a gesture of goodwill'
By Joe McDonald, Sam McNeil | Associated Press
[...]
On Friday, the United States declared a public health emergency and President Donald Trump signed an order barring entry to foreign nationals, other than immediate family of American citizens and permanent residents, who visited China within the last 14 days, which scientists say is the virus’s longest incubation period.
'Unfriendly comments'
China criticized the U.S. controls, which it said contradicted the WHO’s appeal to avoid travel bans, and “unfriendly comments” that Beijing was failing to cooperate.
“Just as the WHO recommended against travel restrictions, the U.S. rushed to go in the opposite way. Certainly not a gesture of goodwill,” said foreign ministry spokeswoman Hua Chunying.
WHO Secretary-General Tedros Adhanom Ghebreyesus said in Geneva that despite the emergency declaration, there is “no reason for measures that unnecessarily interfere with international travel and trade.”
[...]
China slams Trump's coronavirus travel limits: 'Not a gesture of goodwill'
After telling people to socially distance themselves, your blob caused this.
View attachment 312880
The response has been terrible
Yet you want these idiots to take over healthcare......
The Blob can't run a casino...he's really messing up the response. Good to see you're finally calling your lord and master an idiot.
He's no ones lord and master, except maybe yours.
The truth is, he is one imperfect man doing the best his can with a dysfunctional, broken, bloated bureaucracy that both parties have built. Blaming him for everything bad in government is something a retarded child does.[/QUOTE
Gee, if he could only "hire the best people" to fix the government he's leading. Being hopelessly incompetent is probably a handicap. The truth is that your blob is simply not up to the job. He'd probably be the first to tell you.
.
I know that if what you say is true, you are the extreme exception.Great example of why using the stock market as your sole source of retirement security is a fool's errand
This is twice in 12 years.
I don’t find it a Fools errand. I went all in in 2011 and am still sitting on double my original money. I get dividend checks in April, July, September and the December check includes capital gains. They will still come in. I usually start haunting the mail about April 7th.
Did you double your money?
My IRR for the last year, until today, is -1.9%. What fool buys stocks and never expects a loss? Bonds were paying .5%. Still glad I wasn’t there.
I didn’t own any defensive stocks...not my style. But it was being recommended two years ago. So could you recommend this?...
Do you even know what you are talking about?
View attachment 312911
You then disagree with many wall st experts...When it starts back up it will climb so fast you will lose more than you think you are saving by waiting....Home Depot and Apple are both good individual gambles if you don't like energy stocks....There are tons of deals out there...look at how low the energy sector is...if you are not researching a purchase or two you are not thinking....
Specifics? Name the stocks you’d go long right now.
Whatever you pay for them tomorrow, I will buy them for less in the future.
If you believe this is going to be a V shaped recovery, which apparently you do, you don’t know what you’re watching. There is literally no way I’d put any money in this market right now. Risk (volatility) is waaaay to high. As I write this, DJIA futures are up over 700 points after a nearly 3000 point drop. How can anybody believe we are anywhere near the bottom with the VIX over 50, let alone 70 where it is now. You might as well go to Vegas, but you can’t because it is essentially shut down.
Home depot is unrealistically low and spring is just around the corner and housing starts and remodels are on the rise....suit yourself...I set a low buy in price...when it hits that amount my manager will buy as directed....Look at Home depot with spring just around the corner....View attachment 312865There are tons of deals out there...look at how low the energy sector is...if you are not researching a purchase or two you are not thinking....
I've got blood flow.
go for it. I’ll buy it later for less.
Home Depot and Apple, huh. Apple has supply chain problems and a customer who just lost a whole bunch of discretionary cash, so no thanks. Same for Home Depot. There margins are not in lumber. They are in the DISCRETIONARY purchase like appliances, paint and tools. Again, no thanks.
Gee, if he could only "hire the best people" to fix the government he's leading. Being hopelessly incompetent is probably a handicap. The truth is that your blob is simply not up to the job. He'd probably be the first to tell you.
The miles of empty shelves and the complete absence of FEMA speaks for itself as well. As does the stock market which is plummeting faster than a falling rock..
So...share with us what FEMA has to do with people hoarding toilet paper?
What does President Donald Trump have to do with a WORLD in a biological crisis and ours is both the best prepared and has done what needed to be done, in SPITE of the United Nations and Democrats.
You then disagree with many wall st experts...When it starts back up it will climb so fast you will lose more than you think you are saving by waiting....Home Depot and Apple are both good individual gambles if you don't like energy stocks....Specifics? Name the stocks you’d go long right now.
Whatever you pay for them tomorrow, I will buy them for less in the future.
If you believe this is going to be a V shaped recovery, which apparently you do, you don’t know what you’re watching. There is literally no way I’d put any money in this market right now. Risk (volatility) is waaaay to high. As I write this, DJIA futures are up over 700 points after a nearly 3000 point drop. How can anybody believe we are anywhere near the bottom with the VIX over 50, let alone 70 where it is now. You might as well go to Vegas, but you can’t because it is essentially shut down.
Home depot is unrealistically low and spring is just around the corner and housing starts and remodels are on the rise....suit yourself...I set a low buy in price...when it hits that amount my manager will buy as directed....Look at Home depot with spring just around the corner....View attachment 312865
I've got blood flow.
go for it. I’ll buy it later for less.
Home Depot and Apple, huh. Apple has supply chain problems and a customer who just lost a whole bunch of discretionary cash, so no thanks. Same for Home Depot. There margins are not in lumber. They are in the DISCRETIONARY purchase like appliances, paint and tools. Again, no thanks.
We are not in a recession but you go on ahead and keep repeating it to yourself...maybe it will come true for you...but it won't for me...no stock market panic can turn off a hot main street...so I do not fear a recession in the slightest...and neither do most experts....in a recession?...what a buck tooth clown....Buuuaahahahaha!!!Home depot is unrealistically low and spring is just around the corner and housing starts and remodels are on the rise....suit yourself...I set a low buy in price...when it hits that amount my manager will buy as directed....Look at Home depot with spring just around the corner....
go for it. I’ll buy it later for less.
Home Depot and Apple, huh. Apple has supply chain problems and a customer who just lost a whole bunch of discretionary cash, so no thanks. Same for Home Depot. There margins are not in lumber. They are in the DISCRETIONARY purchase like appliances, paint and tools. Again, no thanks.
So did you buy it?
Do you realize we are in a recession? Do you think the United Airlines’s pilot who gets furloughed for 3 months will decide to remodel his kitchen on his time off with no income? It’s your money bro.
Oh yeah bucktooth the future teller.....do you read palms too?...You then disagree with many wall st experts...When it starts back up it will climb so fast you will lose more than you think you are saving by waiting....Home Depot and Apple are both good individual gambles if you don't like energy stocks....
Whatever you pay for them tomorrow, I will buy them for less in the future.
If you believe this is going to be a V shaped recovery, which apparently you do, you don’t know what you’re watching. There is literally no way I’d put any money in this market right now. Risk (volatility) is waaaay to high. As I write this, DJIA futures are up over 700 points after a nearly 3000 point drop. How can anybody believe we are anywhere near the bottom with the VIX over 50, let alone 70 where it is now. You might as well go to Vegas, but you can’t because it is essentially shut down.
Yes, I do. At least the ones you see on CNBC. How many of them warned you about this more than 3 weeks ago? The ones I read and follow did, and I shared it here on this forum in February.
We are not in a recession but you go on ahead and keep repeating it to yourself...maybe it will come true for you...but it won't for me...no stock market panic can turn off a hot main street...so I do not fear a recession in the slightest...and neither do most experts....in a recession?...what a buck tooth clown....Buuuaahahahaha!!!Home depot is unrealistically low and spring is just around the corner and housing starts and remodels are on the rise....suit yourself...I set a low buy in price...when it hits that amount my manager will buy as directed....go for it. I’ll buy it later for less.
Home Depot and Apple, huh. Apple has supply chain problems and a customer who just lost a whole bunch of discretionary cash, so no thanks. Same for Home Depot. There margins are not in lumber. They are in the DISCRETIONARY purchase like appliances, paint and tools. Again, no thanks.
So did you buy it?
Do you realize we are in a recession? Do you think the United Airlines’s pilot who gets furloughed for 3 months will decide to remodel his kitchen on his time off with no income? It’s your money bro.
Because I'm not here to play copy and paste with you...look it up for yourself....and then you can choose who to believe....and who not to believe...We are not in a recession but you go on ahead and keep repeating it to yourself...maybe it will come true for you...but it won't for me...no stock market panic can turn off a hot main street...so I do not fear a recession in the slightest...and neither do most experts....in a recession?...what a buck tooth clown....Buuuaahahahaha!!!Home depot is unrealistically low and spring is just around the corner and housing starts and remodels are on the rise....suit yourself...I set a low buy in price...when it hits that amount my manager will buy as directed....
Home Depot and Apple, huh. Apple has supply chain problems and a customer who just lost a whole bunch of discretionary cash, so no thanks. Same for Home Depot. There margins are not in lumber. They are in the DISCRETIONARY purchase like appliances, paint and tools. Again, no thanks.
So did you buy it?
Do you realize we are in a recession? Do you think the United Airlines’s pilot who gets furloughed for 3 months will decide to remodel his kitchen on his time off with no income? It’s your money bro.
Who are your “most experts? There are plenty of economist who disagree with your experts. Why don’t you go ahead and post a link to your experts there sport? Here are some “clowns” who think a recession is imminent.
Economists are increasingly worried the coronavirus could cause a recession this year
Zandi isn't alone, with other prominent experts sounding the alarm. Larry Summers and Jason Furman, who were economic advisers to President Barack Obama, also think a recession is likely. The concerns have been magnified this week by Thursday's historic plunge on Wall Street and a slump in oil prices. Here's a rundown of prominent economists who are now using the "R" word:
FEMA itself doesn't have anything to do directly with people hoarding toilet paper. However, if they respond quickly and make the people feel safe, then there is less chance of hoarding because people feel like there is someone helping out. If FEMA does a shitty response, or does it later than people feel they should, then that is when people think that nobody is there to help and so they feel like they need to take matters into their own hands and start hoarding.
As far as what has Trump done? Not much that I can see as we still don't have enough tests yet, the places where the tests can be processed are still fairly limited, and you can't get a test if you want one, only if a doctor thinks you need one. Then, there is the fact that in 2018 Trump got rid of the entire pandemic chain of command in the WH. Granted, yesterday was good news in the fact that they have started to test a vaccine, but hate to tell you that it's still gonna take at least a year as they need to see how well it works, and that takes time and observation.
FEMA itself doesn't have anything to do directly with people hoarding toilet paper. However, if they respond quickly and make the people feel safe, then there is less chance of hoarding because people feel like there is someone helping out. If FEMA does a shitty response, or does it later than people feel they should, then that is when people think that nobody is there to help and so they feel like they need to take matters into their own hands and start hoarding.
Confused, as usual. You admit that FEMA has nothing to do with the hoarding of toilet paper. Then you go on to confuse yourself when you say that if they do a poor job, people will start hoarding. I paraphrased but that's the gist of what you said. Care to translate?
As far as what has Trump done? Not much that I can see as we still don't have enough tests yet, the places where the tests can be processed are still fairly limited, and you can't get a test if you want one, only if a doctor thinks you need one. Then, there is the fact that in 2018 Trump got rid of the entire pandemic chain of command in the WH. Granted, yesterday was good news in the fact that they have started to test a vaccine, but hate to tell you that it's still gonna take at least a year as they need to see how well it works, and that takes time and observation.
Yep, test are slow getting out. At the same time, how would more tests have slowed the spread? It would not done anything, We'd be exactly where we are today. Why do you need one if you're not at risk? All that does is overload the system with unnecessary tests.
As you know, President Donald Trump eliminated the OFFICE of pandemics or whatever, he did not remove the personnel, it removed a layer of bureaucracy and the name of the office. Specifically, what would have happened differently if we had another "office"? IF we had that extra office?
President Trump hasn't done much? Really? The President started working on the issue back in January. What were the Democrats doing? Screaming about impeachment and holding hearings.
Would it have been better for President Trump going on the air with his hair on fire screaming to run for the hills?
What is your plan? What would you (Democrats) have done that is not being done? Show us their plan, I've not seen it as yet.
