Brace Yourselves For Another Stock Market Dive On Monday

[Toddsterpatriot]

China caused the Covid-19 problem that we all need to deal with.
Too much supply comes from China, that needs to change.
The stock market will bounce back, some companies will be hit harder than others.
Two of my stocks went up on Friday.
There are bargains to be had.

Oh, there are bargains to be had and the rich will get a shit ton richer off of this, they always do.

The average American does not have the extra cash laying around to take good advantage of such opportunities. All they know is that the value of their 401ks and other retirement accounts just took a steep nose dive.

Why do people put their money in such an unpredictable market? Especially retirement accounts? If I had any money to save, it would be in a coffee can in my freezer.

I agree OL (well, maybe not with the coffee can part) I'm 5 years away from retirement. Dumped most of my stocks when Donnie started threatening his stupid trade war with China. Saved me a bundle.

Now I just dabble here and there, but most of my money is in solid real estate, CDs and tax free muni bonds.

NOBODY who's as close to retirement as I should even think about stocks. Maybe not now right after things tanked, but start pulling back and going with CDs and such which are far more stable. Making 2.3% at present on a 1 year CD. That's prolly more than a coffee can pays.

Dumped most of my stocks when Donnie started threatening his stupid trade war with China

How long ago did you sell?

 

[kyzr]

Futures look down again. DOW-362 NAZDAQ -126
Fed meets 3/19.
It will be a long and ugly 3-weeks until the Fed meeting, UGH!

 

[Harpy Eagle]

Futures look down again. DOW-362 NAZDAQ -126
Fed meets 3/19.
It will be a long and ugly 3-weeks until the Fed meeting, UGH!

Yes it is.

 

[Lakhota]

There are currently 74 confirmed cases of coronavirus in U.S. per CNN

 

[Paulie]

They’re not considering a rate cut because of economic worry they’re doing it for trade balance. We have the highest interest rate in the world and not a single bit of inflation. Maintaining a rate higher than the rest of the world is fucking stupid when we’re trying to strengthen our exporting and currently have no inflation to contend with. Pick up a book on economics and stop listening to talking heads.

We do not even have the highest in the G20, let alone in the world.

Where do you people get this shit from?

Interest Rate - Countries - List | G20

There is almost no one above us that matters in any way worldwide. We’re the largest economy in the world and our interest rate is higher than anyone else that matters. Your technicality doesn’t change this. We complain about our exports and then we complain that the rates are too low. You’re another one who has no clue about how real economics works.

 

[Lakhota]

Goldman Sachs says investors probably won't see any profit growth this year and warns that recession isn't out of the question - per CNN.

 

[WEATHER53]

There are currently 74 confirmed cases of coronavirus in U.S. per CNN

150 people died today from pneumonia in the USA alone
Sorry to piss on your panic parade.

 

[Lakhota]

There are currently 74 confirmed cases of coronavirus in U.S. per CNN

150 people died today from pneumonia in the USA alone
Sorry to piss on your panic parade.

Link?

 

[kyzr]

Goldman Sachs says investors probably won't see any profit growth this year and warns that recession isn't out of the question - per CNN.

A recession is two consecutive quarters of negative growth.
No one is seriously predicting that.

 

[Lakhota]

Goldman Sachs says investors probably won't see any profit growth this year and warns that recession isn't out of the question - per CNN.

A recession is two consecutive quarters of negative growth.
No one is seriously predicting that.

Funny. People know before the definition kicks in.

 

[Fort Fun Indiana]

They’re not considering a rate cut because of economic worry they’re doing it for trade balance.

Nonsense. He very clearly said it was to combat a potential global economic slowdown. The use of this fiscal tool, in this case, would be to affect credit markets and investment.

 

[Harpy Eagle]

There are currently 74 confirmed cases of coronavirus in U.S. per CNN

150 people died today from pneumonia in the USA alone
Sorry to piss on your panic parade.

why are you responding to a post about something you said does not exist?

 

[WEATHER53]

There are currently 74 confirmed cases of coronavirus in U.S. per CNN

150 people died today from pneumonia in the USA alone
Sorry to piss on your panic parade.

Link?

CDC stats Google it shit for brains
12 million pneumonia cases annually. 1 million hospitalizations. 50,000 deaths majority of which are 60+ in age
There is this super duper thing called antibiotics, rescue Inhalets, steroids, etc that did not exist all that long ago.

 

[kyzr]

They’re not considering a rate cut because of economic worry they’re doing it for trade balance.

Nonsense. He very clearly said it was to combat a potential global economic slowdown. The use of this fiscal tool, in this case, would be to affect credit markets and investment.

Agree, the cut would be to stabilize the markets.
They're predicting an 0.50 cut on the 19th unless the market recovers sooner.

 

[Harpy Eagle]

There is almost no one above us that matters in any way worldwide. We’re the largest economy in the world and our interest rate is higher than anyone else that matters. Your technicality doesn’t change this. We complain about our exports and then we complain that the rates are too low. You’re another one who has no clue about how real economics works.

Facts are not technicalities, you would be better served to just admit you lied and move on.

I do not complain about exports but I do complain the rates are too low.

 

[CWayne]

China just announced their PMI for February.

35.7.

What a shit show. The markets will definitely dive on Monday over that figure.

China factory activity shrank at its fastest rate on record in February

Yep, it's a shit show alright and Donnie isn't helping matters with his incompetence and accusations. Markets hate unpredictability, and he's not giving them anything even remotely reassuring, predictable or factual.

How about Fed Chairman Powell?
If he says that the US economy is strong, does that count?
Chairman Jerome Powell says Fed ready to protect economy amid coronavirus fears
Powell says Fed ‘closely monitoring’ coronavirus

The only shit show is the democrat primary.

If anything, the fearmongering that the left is doing is actually driving part of this market sell-off.

 

[Harpy Eagle]

There are currently 74 confirmed cases of coronavirus in U.S. per CNN

150 people died today from pneumonia in the USA alone
Sorry to piss on your panic parade.

Link?

CDC stats Google it shit for brains
12 million pneumonia cases annually. 1 million hospitalizations. 50,000 deaths majority of which are 60+ in age
There is this super duper thing called antibiotics, rescue Inhalets, steroids, etc that did not exist all that long ago.

maybe the flu is a hoax also and dose not really exist like the coronavirus...

 

[Fort Fun Indiana]

1. What stupid errors?

Like, misstating the number of infected people in America, despite the fact that he, himself, complained about the 42 victims from the cruise ship being let back into the United States. that was a very stupid error and clearly demonstrates Trump lack of ability in forming coherent, consistent thoughts.

2. What falsehoods?

Like, placing the stock market activity completely at the feet of only the media coverage, instead of attributing it to legitimate business concerns, like the disruption of supply chains. Embarrassing horseshit.

3. Agree he has the best team on the planet working for him and they are doing great.

He clearly does not, as no rational person would say Pence is the best qualified person to lead this response.

Dude, you're just an embarrassing cultist. Stop wasting my time.

 

[Lakhota]

Futures don't look good...

Pre-Markets

 

[Fort Fun Indiana]

150 people died today from pneumonia in the USA alone

Which, as any rational, functioning adult should be able to puzzle out, is attributable to the widespread nature of the flu viruses, so it is not a good reason to argue against containment and worry about an even more dangerous virus. Stop being a moron.