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Started By
Message
re: Will the markets be back in the green on Monday?
Posted on 3/2/20 at 6:09 am to TigerinOkieHell
Posted on 3/2/20 at 6:09 am to TigerinOkieHell
And futures are red now...
I second Investing.com
I second Investing.com
0
Posted on 3/2/20 at 6:34 am to rickgrimes
Dow futures are down 172 points, its going to be another 1000 point drop to day. All gains since Trump cane into office will be wiped out this week.
Posted on 3/2/20 at 6:50 am to FlyingTiger1955
quote:
Dow futures are down 172 points, its going to be another 1000 point drop to day. All gains since Trump cane into office will be wiped out this week.
Why?
Posted on 3/2/20 at 6:54 am to FlyingTiger1955
quote:So you’re hoping the Dow Jones drops 7,000 points this week? Why?
All gains since Trump cane into office will be wiped out this week.
Posted on 3/2/20 at 7:00 am to LSURussian
Anti-Trumpers want this virus to cripple markets and stall our economy.
Posted on 3/2/20 at 7:06 am to LSURussian
No I don’t want a 7,000 point drop, but I think the market is headed there. Goldman Sachs predicted 0 profits for this year. That means recession and a big loss would result. Iran appears to be in trouble with the virus. There are a lot of reasons that point to huge problems. Because I feel that we haven’t seen the bottom yet doesn’t mean that I want that. I would like to be wrong, but it seems we’re in a free fall.
Posted on 3/2/20 at 7:27 am to FlyingTiger1955
quote:
7,000 point drop, but I think the market is headed there.
You sure you want to be the next MT anti-legend?
Posted on 3/2/20 at 7:33 am to LSUcam7
It’s not gonna be just one person predicting a recession
Posted on 3/2/20 at 7:34 am to HailHailtoMichigan!
quote:
god fricking damn it. somebody explain to me why community spread/outbreak on US soil wasn't something the market expected?? Scientists have been telling us for 14+ days that it will come here. the frick is wrong.
I think you are underestimating this virus.
There are no signs that it’s going to slow down. And in a month or two we may reach critical mass on the number of patients in our hospitals. At that point we will be forced to shut a lot of things down to slow the spread. I think that’s what the market is reacting to.
Posted on 3/2/20 at 7:36 am to WaWaWeeWa
Back to the OT.
Posted on 3/2/20 at 7:41 am to Janky
Disprove what he said
Posted on 3/2/20 at 7:42 am to Janky
quote:
Back to the OT.
sorry I just don’t see how the developments over the weekend would be priced in. I guarantee there was a large percentage that never thought it would get here. Now we are hearing it could have been here for weeks which most of us knew, but I doubt the average person did. Not to mention the frick ups at the CDC.
And when I say it’s going to be bad, I’m not talking about amount of deaths. I’m talking about it’s ability to disrupt our daily life. We haven’t even seen that start yet.
This post was edited on 3/2/20 at 7:48 am
Posted on 3/2/20 at 7:47 am to WaWaWeeWa
Anyone who didn’t know had to be living under a rock. The MSM has been so excited about this and blasting it non stop.
Posted on 3/2/20 at 7:49 am to WaWaWeeWa
quote:
I doubt the average person did.
The average person isn’t driving price discovery in the market.
Posted on 3/2/20 at 7:52 am to Janky
quote:
Anyone who didn’t know had to be living under a rock.
If you asked the average person on the street Friday if they thought corona virus had been spreading in the country for weeks and it would kill someone tomorrow, you think they would have said yes?
That’s what I’m saying wasn’t priced into the market last week.
Posted on 3/2/20 at 7:56 am to OleWarSkuleAlum
quote:
The average person isn’t driving price discovery in the market.
Fair enough. I don’t have any evidence to disprove that. But my guess is that a lot of boomers near retirement are cashing out. Would that not cause a significant drop? Serious question, this isn’t my area of expertise
This post was edited on 3/2/20 at 7:57 am
Posted on 3/2/20 at 8:03 am to WaWaWeeWa
quote:
don’t have any evidence to disprove that. But my guess is that a lot of boomers near retirement are cashing out. Would that not cause a significant drop? Serious question, this isn’t my area of expertise
The current drop has been caused by institutional investors moreso than retail. Retail hasn’t exited in large numbers yet that I’ve seen.
Posted on 3/2/20 at 8:06 am to WaWaWeeWa
quote:
sorry I just don’t see how the developments over the weekend would be priced in. I guarantee there was a large percentage that never thought it would get here. Now we are hearing it could have been here for weeks which most of us knew, but I doubt the average person did.
Who have you talked to that thought the US with open borders wouldn't have the virus here?
This post was edited on 3/2/20 at 8:07 am
Posted on 3/2/20 at 8:09 am to WaWaWeeWa
quote:
If you asked the average person on the street Friday if they thought corona virus had been spreading in the country for weeks
Yes
quote:
it would kill someone tomorrow
Not sure about this part.
Posted on 3/2/20 at 8:31 am to Janky
China closed their corona hospital due to drop in cases. The one they built in 10 minutes.
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