General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAnother day of losses on Wall Street
Market is now over 100 points down.
I don't have money in the market but I am following it to see another one of Drumpf's talking points fall apart.
cherryinpa
(301 posts)The golden rule in the markets that has been valid for over 100 years is to ignore what the news/tv is telling you as the cause of the drop. Yes, Coronavirus is out there, but something else is lurking too. Trumps fat-cat giveaway has overheated the economy big-time and it might have started to come off the boil in Q1. People on the inside know already. The fat-cats are heavy so they tread lightly at first towards the exit before the rest of us can leave.
Trump is so idiotic, he might well be walking into a full on crisis by Nov and he doesnt even know it.
Sanity Claws
(21,852 posts)I don't think its coronavirus either. Stocks are way overpriced and have to fall. Rich people have too much money and keep putting it in the stock market.
empedocles
(15,751 posts)supply lines, trade are a big trigger.
CanonRay
(14,113 posts)and would fall anyway, but the Corona virus is a "black swan" event that will and is triggering that fall.
ProfessorGAC
(65,168 posts)Most economists (except the bought & paid for, like always wrong Kudlow) were anticipating a correction downward.
The uncertainty in the Far East over the illness could be the trigger that starts a moderate correction.
empedocles
(15,751 posts)quarterly financial reports; stocks, 401's, etc.
As trump as frequently noticed, and I think he is correct here, folk notice those things.
Liberal In Texas
(13,574 posts)it's hurting the stock market.
Sanity Claws
(21,852 posts)Lost a full percentage point.
Bengus81
(6,932 posts)Bengus81
(6,932 posts)All you need is 2M to get 1000 shares and then sell it off and make a fast 100-200K in the coming weeks. Down around 2,000 per share a little while ago.