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Fri Feb 28, 2020, 10:19 AM

 

DOW is already down 1000 points this morning.

Wonder what will happen on Monday.

6 replies, 1328 views

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Reply DOW is already down 1000 points this morning. (Original post)
OliverQ Feb 2020 OP
Maeve Feb 2020 #1
C_U_L8R Feb 2020 #2
Thomas Hurt Feb 2020 #3
RedSpartan Feb 2020 #4
empedocles Feb 2020 #5
yellowcanine Feb 2020 #6

Response to OliverQ (Original post)

Fri Feb 28, 2020, 10:20 AM

1. A lot depends on what happens over the weekend

Don't it just make you

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Response to OliverQ (Original post)

Fri Feb 28, 2020, 10:23 AM

2. The Oval Office needs an ejector seat.

This orange fool is only making things worse

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Response to OliverQ (Original post)

Fri Feb 28, 2020, 10:23 AM

3. time for another grifter press conference tonight....

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Response to OliverQ (Original post)

Fri Feb 28, 2020, 10:24 AM

4. There's really nothing the Fed or Trump can do to directly help the economy with this.

Even if the virus doesn't spread much in the U.S., it's still all over the rest of the world, especially China, which impacts the global supply chain for most economies and, thus, the ability to manufacture things (for production economies) and with that the availability of things to buy (for consumer economies). No amount of tax cuts or lowering interest rates can fix that problem and if the virus isn't brought under control very quickly, that problem will just continue to extend itself. This has the potential to get much worse before it starts getting better.

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Response to OliverQ (Original post)

Fri Feb 28, 2020, 10:27 AM

5. This is big. The uninterupted downward streak, ever stronger.

Significantly, the Shanghai index, which had been holding steadily [and suspiciously], finally broke down with a decisive 3%+ downward move. This is a worldwide move.

[As for Monday, or next week, a bounceback should be expected. However, we have a strong, downward trend which is unlikely to reverse anytime soon. Corona virus, overinflated bubbles in a lot of places, the trump diseases, etc., all point downward for awhile, imo].

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Response to OliverQ (Original post)

Fri Feb 28, 2020, 11:43 AM

6. It has rallied some. Trump will crow about breaking 25,000 again!

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