Trump should shut the stock market down

[Rocko]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

 

[OldLady]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

What are the futures looking like for tomorrow?

 

[Winco]

Agreed.
Futures were down 1,000.

Dow Jones Futures Surge On Fed News After Hitting 'Limit Down' Overnight, As U.S. Coronavirus Cases Top 35,000

Dow Jones futures surged Monday morning after hitting "limit down" on Fed news, as U.S coronavirus cases topped 35,000. The Fed announced new stimulus plans.

www.investors.com

 

[Slade3200]

Time to sell short or play with some inverse ETFs... I pulled out and am sitting on cash until this storm passes. Scary times

 

[Dont Taz Me Bro]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out.

And after this is over they'll recover just like they did ten years ago.

We shut the market down during the Spanish flu.

This pandemic is nothing remotely close to Spanish Influenza

 

[Toddsterpatriot]

Bad idea to shut them down...…..

 

[Lakhota]

Trump should shut the stock market down

You mean before it crashes?

 

[Ray From Cleveland]

The problem is the President doesn't have the authority to shut the market down.

 

[Rocko]

The problem is the President doesn't have the authority to shut the market down.

Yes they do. They closed the market after 9/11 and Hurricane Sandy. Trump certainly has the powerto shut them down.

 

[OKTexas]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

NO NO, I just opened my first ever brokerage account. I want to buy in before the market starts going up.

.

 

[elchorizo]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

Keep in mind if they do that people who need to take money out of the market (to survive, or for whatever) won't be able to do so. So while it might seem like a good idea just to keep the market from going down, that's a ton of liquidity that you are sidelining that people might need.

 

[Rocko]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

Keep in mind if they do that people who need to take money out of the market (to survive, or for whatever) won't be able to do so. So while it might seem like a good idea just to keep the market from going down, that's a ton of liquidity that you are sidelining that people might need.

It’s a good point, however I would shut them down anyway. Mr. and Mrs. Jones that rely on the stock market for their retirement will be forced to watch their savings dwindle to next to nothing if we don’t.

 

[Toddsterpatriot]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

Keep in mind if they do that people who need to take money out of the market (to survive, or for whatever) won't be able to do so. So while it might seem like a good idea just to keep the market from going down, that's a ton of liquidity that you are sidelining that people might need.

It’s a good point, however I would shut them down anyway. Mr. and Mrs. Jones that rely on the stock market for their retirement will be forced to watch their savings dwindle to next to nothing if we don’t.

Temporarily shutting down the market doesn't prevent a decline in stock prices.

 

[Rocko]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

Keep in mind if they do that people who need to take money out of the market (to survive, or for whatever) won't be able to do so. So while it might seem like a good idea just to keep the market from going down, that's a ton of liquidity that you are sidelining that people might need.

It’s a good point, however I would shut them down anyway. Mr. and Mrs. Jones that rely on the stock market for their retirement will be forced to watch their savings dwindle to next to nothing if we don’t.

Temporarily shutting down the market doesn't prevent a decline in stock prices.

Why would it not? In these times the market is not an efficient tool in reflecting valuations because of panic. Once the panic subsides then the market becomes more efficient. Bush shut the market down after 9/11 for that precise reason. I’m not suggesting companies aren’t hurting and the economy is strong, obviously that’s not true, but fear is also a part of the sell of. We’re likely headed for prolonged period of fearfulness. I expect them in the very least to eliminate short selling like they did on banks during the banking crisis. The market is down over 30% and the shit hasn’t even begun to hit the fan.

 

[Toddsterpatriot]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

Keep in mind if they do that people who need to take money out of the market (to survive, or for whatever) won't be able to do so. So while it might seem like a good idea just to keep the market from going down, that's a ton of liquidity that you are sidelining that people might need.

It’s a good point, however I would shut them down anyway. Mr. and Mrs. Jones that rely on the stock market for their retirement will be forced to watch their savings dwindle to next to nothing if we don’t.

Temporarily shutting down the market doesn't prevent a decline in stock prices.

Why would it not? In these times the market is not an efficient tool in reflecting valuations because of panic. Once the panic subsides then the market becomes more efficient. Bush shut the market down after 9/11 for that precise reason. I’m not suggesting companies aren’t hurting and the economy is strong, obviously that’s not true, but fear is also a part of the sell of. We’re likely headed for prolonged period of fearfulness. I expect them in the very least to eliminate short selling like they did on banks during the banking crisis. The market is down over 30% and the shit hasn’t even begun to hit the fan.

Why would it not?

People will stop trying to sell, just because the NYSE is closed? Why?
Panic will end? Why?

In these times the market is not an efficient tool in reflecting valuations because of panic.

You can't end panic by suppressing it.

 

[Rocko]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

Keep in mind if they do that people who need to take money out of the market (to survive, or for whatever) won't be able to do so. So while it might seem like a good idea just to keep the market from going down, that's a ton of liquidity that you are sidelining that people might need.

It’s a good point, however I would shut them down anyway. Mr. and Mrs. Jones that rely on the stock market for their retirement will be forced to watch their savings dwindle to next to nothing if we don’t.

Temporarily shutting down the market doesn't prevent a decline in stock prices.

Why would it not? In these times the market is not an efficient tool in reflecting valuations because of panic. Once the panic subsides then the market becomes more efficient. Bush shut the market down after 9/11 for that precise reason. I’m not suggesting companies aren’t hurting and the economy is strong, obviously that’s not true, but fear is also a part of the sell of. We’re likely headed for prolonged period of fearfulness. I expect them in the very least to eliminate short selling like they did on banks during the banking crisis. The market is down over 30% and the shit hasn’t even begun to hit the fan.

Why would it not?

People will stop trying to sell, just because the NYSE is closed? Why?
Panic will end? Why?

In these times the market is not an efficient tool in reflecting valuations because of panic.

You can't end panic by suppressing it.

shut down all forms of stock trading, including cross trading. That is implementable. You can’t suppress the panic, but you can suppress panic moves. That way when the dust settles peoples portfolios are in better shape.

 

[Toddsterpatriot]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

Keep in mind if they do that people who need to take money out of the market (to survive, or for whatever) won't be able to do so. So while it might seem like a good idea just to keep the market from going down, that's a ton of liquidity that you are sidelining that people might need.

It’s a good point, however I would shut them down anyway. Mr. and Mrs. Jones that rely on the stock market for their retirement will be forced to watch their savings dwindle to next to nothing if we don’t.

Temporarily shutting down the market doesn't prevent a decline in stock prices.

Why would it not? In these times the market is not an efficient tool in reflecting valuations because of panic. Once the panic subsides then the market becomes more efficient. Bush shut the market down after 9/11 for that precise reason. I’m not suggesting companies aren’t hurting and the economy is strong, obviously that’s not true, but fear is also a part of the sell of. We’re likely headed for prolonged period of fearfulness. I expect them in the very least to eliminate short selling like they did on banks during the banking crisis. The market is down over 30% and the shit hasn’t even begun to hit the fan.

Why would it not?

People will stop trying to sell, just because the NYSE is closed? Why?
Panic will end? Why?

In these times the market is not an efficient tool in reflecting valuations because of panic.

You can't end panic by suppressing it.

shut down all forms of stock trading, in clouding cross trading. That is implementable. You can’t suppress the panic, but you can suppress panic moves. That way when the dust settles peoples portfolios are in better shape.

Bad idea.

 

[Ray From Cleveland]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

Keep in mind if they do that people who need to take money out of the market (to survive, or for whatever) won't be able to do so. So while it might seem like a good idea just to keep the market from going down, that's a ton of liquidity that you are sidelining that people might need.

It’s a good point, however I would shut them down anyway. Mr. and Mrs. Jones that rely on the stock market for their retirement will be forced to watch their savings dwindle to next to nothing if we don’t.

Temporarily shutting down the market doesn't prevent a decline in stock prices.

Why would it not? In these times the market is not an efficient tool in reflecting valuations because of panic. Once the panic subsides then the market becomes more efficient. Bush shut the market down after 9/11 for that precise reason. I’m not suggesting companies aren’t hurting and the economy is strong, obviously that’s not true, but fear is also a part of the sell of. We’re likely headed for prolonged period of fearfulness. I expect them in the very least to eliminate short selling like they did on banks during the banking crisis. The market is down over 30% and the shit hasn’t even begun to hit the fan.

Why would it not?

People will stop trying to sell, just because the NYSE is closed? Why?
Panic will end? Why?

In these times the market is not an efficient tool in reflecting valuations because of panic.

You can't end panic by suppressing it.

shut down all forms of stock trading, including cross trading. That is implementable. You can’t suppress the panic, but you can suppress panic moves. That way when the dust settles peoples portfolios are in better shape.

So what happens if somebody needs to sell their stock to pay for a personal emergency? What happens if they want to transfer their money to a stock that's likely to move like something in the medical field?

 

[Meister]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

Keep in mind if they do that people who need to take money out of the market (to survive, or for whatever) won't be able to do so. So while it might seem like a good idea just to keep the market from going down, that's a ton of liquidity that you are sidelining that people might need.

It’s a good point, however I would shut them down anyway. Mr. and Mrs. Jones that rely on the stock market for their retirement will be forced to watch their savings dwindle to next to nothing if we don’t.

You do realize that it's a paper loss only, until your realize the loss by selling, right?
The market will come back, it always has....the hardest part of this is not get overwhelmed
with panic and make some knucklehead decisions.
If there was any selling to be done, and someone was astute enough with the gift of predicting
how this market was going to react should have sold in the first couple of days, not now

 

[Rocko]

Unless some miracle happens there’s a lot of frightening news in terms of human casualties and economic data on the horizon. IRAs and 401ks are going to get wiped out. We shut the market down during the Spanish flu. Our country’s reputation won’t be hurt if we have a hiatus from trading. We’ve done it before and we should do it now.

Keep in mind if they do that people who need to take money out of the market (to survive, or for whatever) won't be able to do so. So while it might seem like a good idea just to keep the market from going down, that's a ton of liquidity that you are sidelining that people might need.

It’s a good point, however I would shut them down anyway. Mr. and Mrs. Jones that rely on the stock market for their retirement will be forced to watch their savings dwindle to next to nothing if we don’t.

Temporarily shutting down the market doesn't prevent a decline in stock prices.

Why would it not? In these times the market is not an efficient tool in reflecting valuations because of panic. Once the panic subsides then the market becomes more efficient. Bush shut the market down after 9/11 for that precise reason. I’m not suggesting companies aren’t hurting and the economy is strong, obviously that’s not true, but fear is also a part of the sell of. We’re likely headed for prolonged period of fearfulness. I expect them in the very least to eliminate short selling like they did on banks during the banking crisis. The market is down over 30% and the shit hasn’t even begun to hit the fan.

Why would it not?

People will stop trying to sell, just because the NYSE is closed? Why?
Panic will end? Why?

In these times the market is not an efficient tool in reflecting valuations because of panic.

You can't end panic by suppressing it.

shut down all forms of stock trading, including cross trading. That is implementable. You can’t suppress the panic, but you can suppress panic moves. That way when the dust settles peoples portfolios are in better shape.

So what happens if somebody needs to sell their stock to pay for a personal emergency? What happens if they want to transfer their money to a stock that's likely to move like something in the medical field?

I never said there weren’t negative consequences to it. For me personally, I’m in cash now and conservative assets. The market plummeting further won’t hurt me. I’m thinking of those poor people set to retire soon who won’t have anything because of this.