Brace Yourselves For Another Stock Market Dive On Monday

[Manonthestreet]

Fed cuts rates by half a percentage point to combat coronavirus slowdown

The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.

The move was the first such cut since December 2008, during the financial crisis. It comes amid a volatile patch on Wall Street and amid a steady stream of hectoring from President Donald Trump, who has called for lower rates to stay competitive with policy at other global central banks.



Well, let's hope that puts the market back in positive territory.

.

unnecessary and counterproductive

The market will like it.

Dont look now...its headed back down.....

Yeah. The rate cut seems to have had the opposite effect. The Dow is down 543 points at this moment.

wow my app is really time lagged

 

[g5000]

A couple clients flew to visit my company yesterday. They said their plane was one third empty.

 

[HappyJoy]

Fed cuts rates by half a percentage point to combat coronavirus slowdown

The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.

The move was the first such cut since December 2008, during the financial crisis. It comes amid a volatile patch on Wall Street and amid a steady stream of hectoring from President Donald Trump, who has called for lower rates to stay competitive with policy at other global central banks.



Well, let's hope that puts the market back in positive territory.

.

unnecessary and counterproductive

The market will like it.

It's not so far. Plus it's superficial. Low interest rates are not going to pull people across the globe from either being sick, in quarantine or otherwise out of public being productive little consumers.

Lowering rates right now is a stupid idea geared only at raising the stock market and the market apparently has figured it out.

 

[g5000]

Coronavirus’ Impact On U.S. Airlines Deepens As Travel Agency Ticket Sales Drop

 

[g5000]

Fed cuts rates by half a percentage point to combat coronavirus slowdown

The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.

The move was the first such cut since December 2008, during the financial crisis. It comes amid a volatile patch on Wall Street and amid a steady stream of hectoring from President Donald Trump, who has called for lower rates to stay competitive with policy at other global central banks.



Well, let's hope that puts the market back in positive territory.

.

unnecessary and counterproductive

The market will like it.

It's not so far. Plus it's superficial. Low interest rates are not going to pull people across the globe from either being sick, in quarantine or otherwise out of public being productive little consumers.

Lowering rates right now is a stupid idea geared only at raising the stock market and the market apparently has figured it out.

Well, like I said yesterday. The market seems to think the Fed and the World Bank and the IMF can stop a plague.

Maybe it is dawning on them the stupidity of that kind of thinking.

 

[bendog]

Fed cuts rates by half a percentage point to combat coronavirus slowdown

The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.

The move was the first such cut since December 2008, during the financial crisis. It comes amid a volatile patch on Wall Street and amid a steady stream of hectoring from President Donald Trump, who has called for lower rates to stay competitive with policy at other global central banks.



Well, let's hope that puts the market back in positive territory.

.

unnecessary and counterproductive

The market will like it.

It's not so far. Plus it's superficial. Low interest rates are not going to pull people across the globe from either being sick, in quarantine or otherwise out of public being productive little consumers.

Lowering rates right now is a stupid idea geared only at raising the stock market and the market apparently has figured it out.

yeah the cut will have no real effect on the econ. But Team Trump is pretty desperate for anything that would reassure people they are able to act proactively. So, it may reassure biz that we can affect things on the ground in Peoria … or Seattle.

One thing for sure is that a lot of short term traders will make and lose money.

We had a short term economic downturn after 9-11. Had Osama succeeded in destroying the WH …. but this isn't going to be even worse case something like the 1999 bond market implosion.

 

[HappyJoy]

Fed cuts rates by half a percentage point to combat coronavirus slowdown

The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.

The move was the first such cut since December 2008, during the financial crisis. It comes amid a volatile patch on Wall Street and amid a steady stream of hectoring from President Donald Trump, who has called for lower rates to stay competitive with policy at other global central banks.



Well, let's hope that puts the market back in positive territory.

.

unnecessary and counterproductive

The market will like it.

It's not so far. Plus it's superficial. Low interest rates are not going to pull people across the globe from either being sick, in quarantine or otherwise out of public being productive little consumers.

Lowering rates right now is a stupid idea geared only at raising the stock market and the market apparently has figured it out.

Well, like I said yesterday. The market seems to think the Fed and the World Bank and the IMF can stop a plague.

Maybe it is dawning on them the stupidity of that kind of thinking.

I think the markets can defend themselves right now, let's lower the rates when that action can usefully spur spending.

 

[BS Filter]

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.

How's the stock market doing today? Bozo.

It is currently down over 200 points, dumbass.

Oh my, let's all jump out of the tallest building we can find. Idiot.

you first, we will follow shortly after you

I'm not the least bit concerned about the stock market. You and you pals are a bunch of Chicken Littles. Squawk Squawk.

 

[HappyJoy]

Fed cuts rates by half a percentage point to combat coronavirus slowdown

The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.

The move was the first such cut since December 2008, during the financial crisis. It comes amid a volatile patch on Wall Street and amid a steady stream of hectoring from President Donald Trump, who has called for lower rates to stay competitive with policy at other global central banks.



Well, let's hope that puts the market back in positive territory.

.

unnecessary and counterproductive

The market will like it.

It's not so far. Plus it's superficial. Low interest rates are not going to pull people across the globe from either being sick, in quarantine or otherwise out of public being productive little consumers.

Lowering rates right now is a stupid idea geared only at raising the stock market and the market apparently has figured it out.

yeah the cut will have no real effect on the econ. But Team Trump is pretty desperate for anything that would reassure people they are able to act proactively. So, it may reassure biz that we can affect things on the ground in Peoria … or Seattle.

One thing for sure is that a lot of short term traders will make and lose money.

We had a short term economic downturn after 9-11. Had Osama succeeded in destroying the WH …. but this isn't going to be even worse case something like the 1999 bond market implosion.

After 9-11 we probably needed a boost in our economy, then again going to war can do that too.

 

[g5000]

Fed cuts rates by half a percentage point to combat coronavirus slowdown

The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.

The move was the first such cut since December 2008, during the financial crisis. It comes amid a volatile patch on Wall Street and amid a steady stream of hectoring from President Donald Trump, who has called for lower rates to stay competitive with policy at other global central banks.



Well, let's hope that puts the market back in positive territory.

.

unnecessary and counterproductive

The market will like it.

It's not so far. Plus it's superficial. Low interest rates are not going to pull people across the globe from either being sick, in quarantine or otherwise out of public being productive little consumers.

Lowering rates right now is a stupid idea geared only at raising the stock market and the market apparently has figured it out.

Well, like I said yesterday. The market seems to think the Fed and the World Bank and the IMF can stop a plague.

Maybe it is dawning on them the stupidity of that kind of thinking.

I think the markets can defend themselves right now, let's lower the rates when that action can usefully spur spending.

Well, I also said yesterday (or a couple days ago) in this topic that the Fed has very little maneuvering room to do anything helpful since they have already lowered interest rates so much these past dozen years.

I used to think the idea of negative interest rates was an impossibility. But now it is looking like they just might get that crazy and stupid.

 

[g5000]

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.

How's the stock market doing today? Bozo.

It is currently down over 200 points, dumbass.

Oh my, let's all jump out of the tallest building we can find. Idiot.

you first, we will follow shortly after you

I'm not the least bit concerned about the stock market. You and you pals are a bunch of Chicken Littles. Squawk Squawk.

Yes, people like you who have no investments don't even think about the markets. However, recessions mean lost jobs to even people like you. But I suspect you are already on welfare or living with your parents.

 

[BS Filter]

How's the stock market doing today? Bozo.

It is currently down over 200 points, dumbass.

Oh my, let's all jump out of the tallest building we can find. Idiot.

you first, we will follow shortly after you

I'm not the least bit concerned about the stock market. You and you pals are a bunch of Chicken Littles. Squawk Squawk.

Yes, people like you who have no investments don't even think about the markets. However, recessions mean lost jobs to even people like you. But I suspect you are already on welfare or living with your parents.

You have quite an imagination. Go stick your head in the oven. Bozo.

 

[Natural Citizen]

Dont look now...its headed back down.....

lol. I know. The Fed is clearly demonstrating that it has lost the ability to control the cost of money.

Of course, it was inevitable. Never before in the history of man has a fiat system lasted this long.

The only thing the fed can control is the printing press.

As I've said hundreds of times on here, the market itself will naturally be the ultimate decider of the future. Not the government. Not the Fed.

They'll milk this coronavirus scam for as long as they can, at least until after July of 2020, when investors can cash in on those pandemic bonds. Then there won't be any more distractions to make people look the opposite direction of the real problem...the Fed.

The chickens are coming home to roost, boys. Get ready. Heh heh.

Ah well.

 

[HappyJoy]

unnecessary and counterproductive

The market will like it.

It's not so far. Plus it's superficial. Low interest rates are not going to pull people across the globe from either being sick, in quarantine or otherwise out of public being productive little consumers.

Lowering rates right now is a stupid idea geared only at raising the stock market and the market apparently has figured it out.

Well, like I said yesterday. The market seems to think the Fed and the World Bank and the IMF can stop a plague.

Maybe it is dawning on them the stupidity of that kind of thinking.

I think the markets can defend themselves right now, let's lower the rates when that action can usefully spur spending.

Well, I also said yesterday (or a couple days ago) in this topic that the Fed has very little maneuvering room to do anything helpful since they have already lowered interest rates so much these past dozen years.

I used to think the idea of negative interest rates was an impossibility. But now it is looking like they just might get that crazy and stupid.

Yep, I believe you've posted several times about the lack of tools at our disposal if/when we have our next recession and I agree with you 100%.

 

[HappyJoy]

It is currently down over 200 points, dumbass.

Oh my, let's all jump out of the tallest building we can find. Idiot.

you first, we will follow shortly after you

I'm not the least bit concerned about the stock market. You and you pals are a bunch of Chicken Littles. Squawk Squawk.

Yes, people like you who have no investments don't even think about the markets. However, recessions mean lost jobs to even people like you. But I suspect you are already on welfare or living with your parents.

You have quite an imagination. Go stick your head in the oven. Bozo.

But you're the goose.

 

[g5000]

It is currently down over 200 points, dumbass.

Oh my, let's all jump out of the tallest building we can find. Idiot.

you first, we will follow shortly after you

I'm not the least bit concerned about the stock market. You and you pals are a bunch of Chicken Littles. Squawk Squawk.

Yes, people like you who have no investments don't even think about the markets. However, recessions mean lost jobs to even people like you. But I suspect you are already on welfare or living with your parents.

You have quite an imagination. Go stick your head in the oven. Bozo.

Struck a little too close to home, eh?

 

[Dick Foster]

Ok, I was too chicken to buy the S&P calls on Friday....my missed opportunity...

Poor g. Dont go giving us any lotto numbers.

Check the market right now.

Sooner or later, the markets will figure out that banks can't stop a plague.

Big banks are the market movers......

Markets don't move during panics.

Do tell

Fed cuts rates by half a percentage point to combat coronavirus slowdown

The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.

The move was the first such cut since December 2008, during the financial crisis. It comes amid a volatile patch on Wall Street and amid a steady stream of hectoring from President Donald Trump, who has called for lower rates to stay competitive with policy at other global central banks.



Well, let's hope that puts the market back in positive territory.

.

unnecessary and counterproductive

The market will like it.

Dont look now...its headed back down.....

Yeah. The rate cut seems to have had the opposite effect. The Dow is down 543 points at this moment.

Ya think! The more that asshole ran his mouth the more he tanked the market. No rate cut was needed so all he did was throw a scare into the market. Basically I've never believed in the Fed any way. Another bit of socialist bullshit foisted upon America by that democrat Wilson and supercharged by the communist asshole FDR. It's just another thing government does they have no business doing just to fuck things up. It's also a mechanism government uses to tax you and steal your wealth by inflating the currency.

 

[Harpy Eagle]

Biggest rate cut since 2008 and it made the market drop even more...not a good sign

 

[g5000]

VIX is at 34.23.

 

[bendog]

More than low interest rates, what is dubious imo is the Fed's intentional enabling Trump to run the deficits by continuing QE for the SOLE reason of financing the deficits without requiring higher interest rates to sell bonds.

The Feds' charter is not about enabling deficits. The fed prior to Trump contented itself with monitoring inflation and to a lesser extent job growth. but by already basically FINANCING deficits, the fed gives up the ability to do that when we really have to run deficits with ZERO or NEGATIVE growth.

Worst case scenario with the coronavirus - without the fed and other central banks - is probably even worse than a three quarter global recession. That's why Trump's tiny testicles are in a tither.