Dow down −913.76 (4.55%) at close.

[Cattledog]

Last edited Fri Mar 20, 2020, 04:03 PM - Edit history (1)

[doc03]

1. I remember Rush Limbagh used to show

a split screen of Obama speaking and the Dow dropping the first month he was in office. That ended when the longest bull market in history started in March 2009.
Rachel needs to do that with Trump. We had a good 11 year run.

[SeattleVet]

7. tRump hates everything that President Obama did so much...

that after we've already lost all of the value that was added to the market during his term, he's starting to chip away at the gains that came about under President Obama.

[ProfessorGAC]

2. S&P Down 3.2%, Too

Now, down over 300 point from Inauguration Day, 2016.

[doc03]

3. I am starting to worry about MM funds, maybe

we should move them to a bank?

[lagomorph777]

4. That's how you lock in any losses. Depends on when you will actually need the money.

If you can wait it out for a few years, it'll most likely recover after a few years of Democratic governance.

[doc03]

5. MM funds are not insured and they say nobody has

ever lost money in them. But I fear this is going to be extremely bad.

[lagomorph777]

6. Well, I'm definitely not a financial adviser; my advice is probably not worth what you paid for it.

[MoonlitKnight]

8. Not much interest to be gained from a money market fund at this point

Moving to the bank won’t hurt and insured up to FDIC limits if that helps relieve any anxiety.

[ProfessorGAC]

9. Don't Know

When market tanks, absent terrible inflation, cash is king.
Big companies will need that as RLOC as daily revenues go down.
But, MM is not FDIC insured. So, the risk is sure there.

[doc03]

10. This is bad I get a pension from the PBGC, one from a multi employer fund and

another from a previous employer that is not well funded. The multi employer fund could end up going under and the one from
the previous employer may go broke. I think the multi employer plan is only insured up to 35% and the other defined benefit plan is
supposed to be fully covered. The PBGC has far more obligations than assets and with the Republicans controlling things they will not bail it out. There are millions of people in this same boat and we have to rely on a raving maniac to save us. Hopefully the Republicans will finally turn on him before this country is destroyed. Then to top it off his damn poll numbers are going up WTF is wrong with this country?

[ProfessorGAC]

12. Look At More Polls Doc

He's still hovering at 40%. The group that has been "Yeah, I know but my 401k" probably got creamed this week.
As the illness goes on, even some who sort of approve may vote for change. Fingers crossed.

[doc03]

16. I checked 538 there is only one poll with him over 50%. I have heard all the talking heads

talking about these great polls, they are just reporting the worst one.

[ProfessorGAC]

17. See?

Just kidding. In the earliest stages, absent anything short of "Fuck the American people!" will get some people to see positives.
As hunkering down gets old, I expect impatience will change minds.

[Baclava]

11. Headed below 10,000 mark my words, this will go on for a month, at least

[A HERETIC I AM]

15. Words marked

[Sancho]

13. It will keep going down until Congress acts...

[Calculating]

14. What an utter disaster

We could be looking at the greatest economic depression ever