Dow now in negative territory, all morning gains lost....

[Coventina]

Just reported on MSNBC.

[dawg day]

1. Trump followers are parroting the line "it's because of the Saudi oil price decrease!"

1. The stock market was plunging last week too.
2. Trump has been saying lower prices are good for the economy.


Boy, it must be like a massacre on the trading floor today.

[htuttle]

8. blood and eyeballs, everywhere

Sobbing traders rending their clothing, etc

[Roland99]

2. Dow -15

[beachbumbob]

3. a simply last second ploy as trump was going to announce this in a couple months

to impact the election. Now it was trying to soften the market crash. Money people see thru this eventually as we are seeing now. Unless PPT comes into play later, we could see a substantial loss today as well as coronavirus news is still all negative

[Bucky]

4. Ouch, right in my 401k

Just waiting for a bottom to this roller coaster.

[CountAllVotes]

5. Damn!

And to think some awhole broker that tried to get me to give my IRA to him called me a "stupid stupid woman" as my IRA has been and still is in CDs. That was in May of 2018.

To hell w/this crap!

I would have seriously lost my ass by now had I done what he told me to.

Good thing I'm a "stupid stupid woman"!!

3.4% for the next several years i just fine w/me!!

[ooky]

10. That's an odd sales pitch for sure.

I'd take a steady 3.4% return. I'm only getting around 2% in my money market fund.

As long as it meets your financial objective that's all that matters.

[CountAllVotes]

16. It works for now

I'm still sitting on it.

I made a withdrawal 2 years ago to have the house painted for $3500.

Haven't touched it since!

Not sure how long it will last if something goes seriously wrong as I don't have a million dollars or anything even close to that.

[ooky]

18. That is how I see it as well.

As long as what I have doesn't lose it's value I can live off it's dividends plus my social security. I can't keep doing that if it loses value.

[ooky]

6. Almost looks like some traders jumping on the big losses early

and then turn around and sell it back the same day when it goes back down again. Some people looking for spot opportunities to make quick money in a crappy market?

[yellowcanine]

7. Result of Trump's fake announcement of an economic plan, no doubt.

Who takes the fall this time? Kudlow or Mnunchin?

[JHB]

14. Pence.

[yellowcanine]

15. Earliest they can dump Pence is the GOP Convention. And then he is still VP.

Need some scapegoats now. My money is on Kudlow or Mnunchin and maybe both.

I suppose Trump could appoint Haley the Coronavirus Czar but if she were to fail then there goes Plan B for the election.

[Bucky]

9. by the way, it's not that big a deal

Google the S&P500, but switch the view to 6 months out. Not that big a drop. Then switch to the 5 year view. We're about where we were 26 months ago.

By "we" I mean the market. Me, I'm much better off. I made a killing in the Obama stock market and then threw about half of it into real estate last year. Trump's fuckery isn't hurting me half as much as Wall Street. We may be in for a LOT more "correction."

But if you're smart, a correction just means long term stock investments at bargain basement prices.

[Sherman A1]

11. I see it down overall for the week

some bargain hunting on Wed/Thurs then a slide on Friday. We will see I have a nickel bet with a friend on this, but I would much rather see it recover for the benefit of the 401k.

[Bucky]

12. The bargain hunting will be in April

Day to day changes are bullshit. You gotta be the tortoise, not the hare

[Dennis Donovan]

13. back up +230 now

[Kingofalldems]

17. The Democrat party did it to make Trump look bad!!!111!!