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Movbez4

(34 posts)
Thu Mar 12, 2020, 07:22 AM Mar 2020

Dow Futures down -1100

Investors are not happy with Trumps proposals to combat Corona Virus, and are displeased with the European flight ban. Yesterday, was a blood bath for my 401K, wonder if it's going to get worse:

Coronavirus Stock Market Correction Is A Bear
The coronavirus stock market correction roared into bear market territory Wednesday, with the major indexes wiping out Tuesday's big gains. The WHO's global pandemic declaration hit stocks, and Goldman Sachs saying the bull market is over didn't help.

The Dow Jones Industrial Average tumbled 5.9%, the S&P 500 index sank 4.9%, and the Nasdaq composite lost 4.7%. The Dow Jones has fallen more than 20% below its February all-time high. The S&P 500 and Nasdaq hit the 20% bear market level intraday Wednesday. If stock futures are any indication, the S&P 500 and Nasdaq are set to open deep in bear market territory.

The Dow Jones today hit a 52-week low intraday. So did the S&P 500 index. The Nasdaq set a five-month low. The one-day stock market rally attempt is finished.

Among the best ETFs, the Innovator IBD 50 ETF (FFTY) dropped 6%. The iShares Expanded Tech-Software Sector ETF (IGV) fell 4.8%. The VanEck Vectors Semiconductor ETF (SMH) sank 5.4%.

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Dow Futures down -1100 (Original Post) Movbez4 Mar 2020 OP
'It' has well and truly hit the 'fan'. sprinkleeninow Mar 2020 #1
Wonder what Putin's up to GusBob Mar 2020 #2
And I expect it to drop from there. Aquaria Mar 2020 #3
'The Ides of March' approacheth empedocles Mar 2020 #4
I was trying to be optimistic without going there. Aquaria Mar 2020 #5
with traitortrump at the helm of the Ship of State? empedocles Mar 2020 #6
be worse as future trading was halted beachbumbob Mar 2020 #7
It must have been the inkstain on his shirt C_U_L8R Mar 2020 #8

sprinkleeninow

(20,246 posts)
1. 'It' has well and truly hit the 'fan'.
Thu Mar 12, 2020, 07:33 AM
Mar 2020

HOWEVER:-

The end may be near. On the horizon. But following: a rebirth, a new beginning, a new day.

 

Aquaria

(1,076 posts)
3. And I expect it to drop from there.
Thu Mar 12, 2020, 07:41 AM
Mar 2020

Maybe not a lot, but it will have a very hard time crawling out of that hole it will start off in when the bell rings this morning.

I have a bad feeling that all of the DJIA gains of the past 3 years will disappear by the 27th, at the latest.

empedocles

(15,751 posts)
6. with traitortrump at the helm of the Ship of State?
Thu Mar 12, 2020, 07:48 AM
Mar 2020

Fortunately, the Speaker of the House - is the Captain

C_U_L8R

(45,001 posts)
8. It must have been the inkstain on his shirt
Thu Mar 12, 2020, 07:57 AM
Mar 2020

It couldn't be that he gave a wobbling wheezing delivery that reassured no one that there is a plan to save lives. Instead we get a whackadoodle travel ban that is both unworkable and ineffective. And nowhere does he address actually helping the health community with rapid response and testing. The stock market has no confidence in this idiot, and neither do we. If the Congress weren't such suck ups, they'd vote no confidence too and toss this loser out on his ass. Okaaaaaaay.

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