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Stock market just fell off a cliff... -1,193.70

Posted on 2/27/20 at 3:05 pm
Posted by reo45
Member since Nov 2015
6362 posts
Posted on 2/27/20 at 3:05 pm
And this is with the QE since last October through repo market and last year lowering interest rates and reversing course after raising them (a paltry 0.25 if a percent three times I believe) to save such a robust economy *cough*--not corona but the bullshite gets me.

Money supply has gone back up to prop up the continuing phony markets and economy since last year and now there is no more juice to provide the artificial lift.

Get out while you can.
Posted by 4LSU2
Member since Dec 2009
37343 posts
Posted on 2/27/20 at 3:06 pm to
quote:

Get out while you can.


Buy while you can.

FIFY.
Posted by Ag Zwin
Member since Mar 2016
20005 posts
Posted on 2/27/20 at 3:06 pm to
quote:

Get out while you can.

You misspelled “Buy”.

ETA: Rats. Too slow.
This post was edited on 2/27/20 at 3:07 pm
Posted by Seldom Seen
Member since Feb 2016
40312 posts
Posted on 2/27/20 at 3:06 pm to
Muh Drumpf is causing a recession!
Posted by CaTiger85
Member since Feb 2020
1394 posts
Posted on 2/27/20 at 3:07 pm to

quote:

Stock market just fell off a cliff


quote:

Get out while you can.


Interesting strategy. Sell low? You should call CNBC.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89574 posts
Posted on 2/27/20 at 3:07 pm to
TREMENDOUS BUYING OPPORTUNITY

Now's the time to pick up everything on sale, baws.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134871 posts
Posted on 2/27/20 at 3:08 pm to
quote:

-1,193.70

Ouch
Posted by jamboybarry
Member since Feb 2011
32657 posts
Posted on 2/27/20 at 3:08 pm to
quote:

Stock market just fell off a cliff


quote:

Get out while you can


Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69323 posts
Posted on 2/27/20 at 3:08 pm to
Blame that douchebag nbc reporter Jesse Rodriguez

He totally misconstrued what Gavin newsome said
Posted by deltaland
Member since Mar 2011
90732 posts
Posted on 2/27/20 at 3:09 pm to
This is bad news for Trump in an election year if this continues.

Whether or not it’s his fault (it’s not) he will shoulder the blame. It’s the economy, stupid.,..and the economy is tanking
Posted by makinskrilla
Lafayette, LA
Member since Jun 2009
9728 posts
Posted on 2/27/20 at 3:09 pm to
quote:

Get out while you can


Eh. Not gonna panic, but yeah the market is getting slammed.
Posted by Henry Jones Jr
Member since Jun 2011
68539 posts
Posted on 2/27/20 at 3:09 pm to
quote:

Get out while you can.
Dumbest fricking advice ever
Posted by Big4SALTbro
Member since Jun 2019
14929 posts
Posted on 2/27/20 at 3:09 pm to
Wrong it’s buy while you can.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134871 posts
Posted on 2/27/20 at 3:09 pm to
quote:

Blame that douchebag nbc reporter Jesse Rodriguez

He totally misconstrued what Gavin newsome said

Was that the 8400 number?

Is it not true?
Posted by moneyg
Member since Jun 2006
56580 posts
Posted on 2/27/20 at 3:09 pm to
I never tell people what to do.

My personal opinion is that there will be some people that make a LOT of money off this. Those are the smartest of us.

The kind of smart ones, will just wait this out and be fine in what will probably end up being a reasonably short period of time.
Posted by LSUGrrrl
Frisco, TX
Member since Jul 2007
33052 posts
Posted on 2/27/20 at 3:09 pm to
This is why the poor stay poor.
Posted by Redleg Guy
Member since Nov 2012
2536 posts
Posted on 2/27/20 at 3:10 pm to
It is going to drop more before it rebounds. Wait to buy.
Posted by AUin02
Member since Jan 2012
4281 posts
Posted on 2/27/20 at 3:11 pm to
QE and the repo market are not the same thing.
Posted by CORIMA
LAFAYETTE
Member since May 2014
523 posts
Posted on 2/27/20 at 3:13 pm to
any prediction on when it bottoms? Ready to buy
Posted by reo45
Member since Nov 2015
6362 posts
Posted on 2/27/20 at 3:13 pm to
Why? Those who are older can't handle the losses.

You do understand how money works right? How they prop the markets? You do realize that there is no more ammo the Fed can provide for the long term, correct?

They are already doing all they can. Lowered interest rates in a supposed booming economy? Who the frick does That? Using repo markets to provide liquidity and don't call it QE? They did it for months.

Get real
This post was edited on 2/27/20 at 3:16 pm
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