General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAnybody want to predict what the Dow will look like about 9:45 EDT tomorrow morning?
Reading all these Sunday evening reports from various news sources is scary.
spooky3
(34,437 posts)Tumbulu
(6,272 posts)Thats what it will be.
at140
(6,110 posts)At the moment s&p500 futures are down 4.5%
Still a long way away from the first level circuit breaker at 7%. The maximum 20% is extremely remote.
https://www.forbes.com/sites/simonmoore/2018/12/22/how-circuit-breakers-work-should-the-market-crash/#67a1c0174bf6
The New York Stock Exchange will pause trading after 15 minutes after a 7% decline in the value of the S&P 500 for the day, and then again for 15 minutes after a 13% decline, provided either event happens at or before 3.25pm EST. In the event of a 20% decline the market would close for the remainder of the day. From a historical perspective, these extreme thresholds are seldom hit. We have around 20 examples of one-day S&P 500 declines exceeding 7% at the close. Weve only seen the 13% and 20% decline thresholds breached once. This happened on a single day Black Monday in 1987. In fact, so far circuit breakers have only been used once against a broad market decline in October 1997, though the system used then was different, based on point declines, not percentages.
Tumbulu
(6,272 posts)stopped at the 7 % right now.
Monday AM.
You nailed it
Tumbulu
(6,272 posts)too.
I think he will be gone by the end of May. Maybe they finally use the 25 th amendment on him? Not sure, but thats what I think. But I cant tell if it the hope making me come up with delirious dreams.
malaise
(268,912 posts)Good call
revmclaren
(2,511 posts)End of day could be disastrous numbers.
,ONLY 2020 and beyond.
yonder
(9,663 posts)I'll bite and guess a 1200-1500 loss in the Dow tomorrow.
People have had all weekend to think about everything that is not being done with respect to CV-19.
htuttle
(23,738 posts)eleny
(46,166 posts)Joinfortmill
(14,413 posts)What a phucking mess. Get this dunce out of the WH.
unblock
(52,195 posts)I'm guessing the market will open down over 1000 but will head back up a ways.
doc03
(35,325 posts)I will guess about 1000 points. Trump may send out some stupid tweets and make 2000.
sarcasmo
(23,968 posts)customerserviceguy
(25,183 posts)GusBob
(7,286 posts)Roland99
(53,342 posts)SiliconValley_Dem
(1,656 posts)MoonlitKnight
(1,584 posts)About 4.75%.
Oil in a free fall. Oil shale loses profitability and kills a lot of the US and Canada markets. The ripple effect will be substantial on top of the already weak economy.
We are on the verge of another 2008 financial crisis. But this time we have limited options and limited intellect to address it.
Demovictory9
(32,447 posts)MoonlitKnight
(1,584 posts)Down 7-10% at open. Some stocks not even trading due to lack of buyers. Rates plummeting. Oil in a free fall. Most indexes in bear market territory.
UK down 8.5%
Germany down 8%
Tumbulu
(6,272 posts)Last edited Mon Mar 9, 2020, 11:05 AM - Edit history (1)
Yikes, I was right about Trump winning the electoral college and right about this.
FYI I think Trump will be gone in by the end of May.
But our suffering from his decimation of our institutions will go on for way too long.