Dow just closed down 9.99%

[Girard442]

Now if you turn 9.99 upside down...

Tells you nothing we didn''t already know.

[Jarqui]

1. Trump set another record! −2,352.48 SAD nt

[FiveGoodMen]

2. If I turn it upside down, I get 66.6

The mark of a lesser beast.

[mr_lebowski]

8. lol good one ;) let him who hath understanding reckon the number of the beast ...

[Bengus81]

9. LOL!!! There ya go.

[BumRushDaShow]

3. And that was after the Fed injected liquidity

(bought bonds)

There was a little up bubble from the early -2000 when the Fed acted, but it never got above ~-1600 all day.

Breaking is that it's the worst loss since 1987 (although back then I think it was a 25% loss).

[Girard442]

5. It has been my opinion that since 2008...

...there has been a pact between the Fed and investors that the Fed would inject a big shot of liquidity (cynic's take: print money) anytime it was needed to buoy up a plunging market. Problem with the strategy is that the Fed doesn't have infinite power to counteract just any damn thing.

My foot was glued like lead to the floor,
That's all there is and there ain't no more.

[BumRushDaShow]

7. And in this case

there is a more widespread set of issues - notably supply issues (to come) as well as a drop in demand. You can throw money at these businesses and even to consumers but if they go to a store and the shelves are empty, the effort was a waste.

This is what happens when you have a single point of failure (China) for most consumer goods and then have a situation where people cannot or should not go out.

[malaise]

4. Worst percentage drop since

1987

[Bengus81]

6. Down 22% this week and there is still one more trading day.........

Trumps BS speech last night did nothing but assure Corporations maybe more fat tax cuts are coming their way.

[krispos42]

10. Waiting for Hermain Cain to stick his face in