Stock Market Crash Underway Again

Well I was waiting for the Stock Market go go down to 15K to purchase more stocks.  Am going to start shopping not buying but shopping!

   My company will most likely close, temporally of course (they are 56 yr old no company with no debt)...my family, is fine, with the preps/ stores, and the farm were going to be ok, other than the unknown health ramifications of this. 

   We haven't hit peek yet, and the smell is in the air already, states closing businesses and whiffs of national shutdown....that is what wall street is sensing.......I have a strong feeling, before mid week (honestly I think tomorrow) the Government will call for major shutdowns, and travel restrictions of which we have never seen in our lifetime....If you chart the incrementalism by National, state and local, it's undeniable where were heading. 

   But this for sure is modern history in the making.......Good luck peeps, and gods speed!

WOW.  Stock Market halted in first 10 seconds after the open.  Dow opened -2250.  BLACK MONDAY.

-3051

Yes what would you expect the stock market in any Pandemic would do this especially one that is this deadly!  The countries have to close you know it CRS so what you would expect the market not to drop like a stone.  Give me a BREAK, we all knew all of this was going to happen with a Pandemic like this one.  Repeating that the market dropped is redundant. 

He did not dismantle the Health structure the last guy on the Pandemic Group just came out and said NO ONE dismantled the group.   Just saw it on the news...local news no less.    Hey Obama sent more money to IRAN than the Wall was going to cost us and the LEFT would not support it so if anyone is to blame go to Shumer and Pelosi.   

Yes Russia has moved in to try and dismantle the U.S. Oil but Trump stopped that he is going to fill the U.S. Oil Reserves that will really help our Oil Companies.  

If we go into depression territory who cares we all lose and we will all survive.  Our parents and grandparents survived so will we!  Gee guys get a grip! 

WitchMisspelled wrote: Back to topic. Futures are on the upswing.   It won't nearly cover our losses, but I think with the cratering that happened yesterday we'll see some pump and dump.  Hopefully we'll be able to see a pattern that lets us know the new bottom.  Fingers crossed!

Dead cat bounce!  I don't see much reason for optimism, as consumer confidence has cratered, folks are running out of cash and industrial production is suffering.  

Markets will eventually come back, but some major entities like weaker airlines, hotel chains, restraints etc. may not make it.  

CRS, DrPH wrote: WitchMisspelled wrote: Back to topic. Futures are on the upswing.   It won't nearly cover our losses, but I think with the cratering that happened yesterday we'll see some pump and dump.  Hopefully we'll be able to see a pattern that lets us know the new bottom.  Fingers crossed! Dead cat bounce!  I don't see much reason for optimism, as consumer confidence has cratered, folks are running out of cash and industrial production is suffering.   Markets will eventually come back, but some major entities like weaker airlines, hotel chains, restraints etc. may not make it.

I know.  But look at the industries that boomed out of the 87 debacle.  I have faith in the younger generation to create something magnificent.  I agree with your statement though.  Some entities will not make it.  But I think we'll make do.  

FluMom wrote: Not even a dead cat!  More like a dead mouse bounce....Lol!

Dead bat bounce. (somebody had to say it)

Stock market is halted. 

Market has completely given up all gains since Trump was elected President.  

Market would have reacted this way no matter who was president.

RodTahoe wrote: Market would have reacted this way no matter who was president.

I think that is true, and whoever wins the election come November (if it is still on) gets my initial sympathies for having to deal with a mess.  

However, the current president has made a greater fuss than most presidents about using the stock market as an indicator of how Great he is doing - if he wanted to take the credit for the run up in the market, it is just fairness that he should expect the same treatment in a down turn.  

[Ps. I am not happy with the down turn as I have a pension from the USA and this will crush what I was expecting to get - I never worked in the States, but I did work for an American organisation for some years.]