Dow approaching -1,000 now -update −1,050.73

[malaise]

Last edited Mon Feb 24, 2020, 02:04 PM - Edit history (1)

?991.05

[Demovictory9]

1. All because of coronavirus?

[stonecutter357]

2. thanks trump !

[Orrex]

3. Probably Obama's fault

Because of reasons.

[Wellstone ruled]

4. If it does hit 1,000

the Algo's will take another 500 points off.

[onenote]

19. It did hit 1000 and the "algo's" didn't take off another 500 points

[Wellstone ruled]

23. So the

Players shut down the Computerized System.

[TheCowsCameHome]

5. Because of fears Trump will be returning from India.

[Iliyah]

6. He can do it by tweet . . .

[Johnny2X2X]

7. We were due for a correction

But the Coronavirus could have a massive economic impact, now Trump will have something to blame for his recession.

Eat lunch at work in the cafeteria with a couple RWers, "But the market is still up 50% over the last 5 years, that's Trump." I asked 50%, that's pretty good, how about the last 10 years? He checked, "Up 138%." I said, "Hmm, that's Obama."

[LiberalFighter]

8. At this point have lost just over 1 per point.

[mnhtnbb]

9. One--and only one--of my stocks is up $0.55!

I won't tell you how much the worst one is down! But I do expect to see my gold fund holding up a good bit at the end of the day.

I saw an article that Warren Buffett is advising his clients to HOLD: don't sell and don't buy the coronavirus story.

https://www.marketwatch.com/story/warren-buffett-says-dont-buy-or-sell-on-the-headlines-as-coronavirus-sends-stocks-plunging-2020-02-24?mod=home-page

[mnhtnbb]

10. Dow down 1035 and sinking now!

[Demovictory9]

11. Down more than 1000

[malaise]

12. −1,050.73 damn!

[Dennis Donovan]

13. Time to find some bargains!

[malaise]

14. 5 February 2018- Dow plunges more than 1,100, largest single-day point drop in history

Let's see how it ends on 24 February 2020

[gratuitous]

15. Trump might claim another record

I wonder if he'll brag about this the way he likes to brag about and claim the accomplishments of the Obama administration as his own?

[malaise]

16. Could be a very bigly one

[onenote]

20. And three weeks later, it had completely recovered from that loss

Wouldn't be surprised to see that happen again.

[malaise]

21. Could

Who knows

[Johonny]

17. tomorrow might be an even better day

[LeftinOH]

18. Trump said that warm temperatures will kill off Coronavirus

..that was a couple weeks ago. So - we got nothin' to worry about.

[stopwastingmymoney]

22. I'm planning to sell a chunk of a mutual fund...

...today to free up some cash so I can go bargain hunting tomorrow