The Tremor before the Storm?

[TX-Beau]

I have to say that trying to spin plague and financial collapse is beyond our favorite Orang'.

But HEY, he's just a caveman...

 

[rareboy]

And Trump is apoplectic.

And goofing off, playing golf.

 

[gsdx]

And Trump is apoplectic.

And goofing off, playing golf.

Imagine what it's doing to his handicap.

 

[smokeshadow]

^^imagine what it's doing to his health

 

[frankfrank]

I heard earlier that somebody on Air Force One has tested positive for the virus.

 

[Sausy]

Supposedly Trump is paranoid that someone in the media or a political enemy will try to get him infected, and what seems possible now is that his own asslickers and supporters may well have exposed him to COVID-19!

 

[TX-Beau]

At this point I'm ready to get off the roller coaster, all the markets need to be closed, and all the traders made to go sit in time out for a day.

 

[belamyi]

As long as they do not reach the 20% milestone down the cliff, that won't be happening.

 

[rareboy]

So far I am down only about 35-40K as of today.....but 65% of my portfolio is in bonds and other conservative investments.

I'm just so surprised that gold hasn't just galloped ahead.

 

[TX-Beau]

I'm a-feared I'm not going to get to retire. I'll end up one of those sad seniors greeting people at Wal-Mart trying to smile through the pain. My Mom's Dad worked at Exxon Pipeline ever since it was Humble. Which is like pre WWII - the only place he ever worked. He retired with stock, cash saved, and a generous company paid, pension. Then I look at my situation and start to panic. I'm sure the market will probably recover long before I retire, but maybe not, and watching it get schizophrenic makes me long for my Grandpa's security.

 

[rareboy]

So Trump now owns this disaster after his speech last night.

Without consultation or warning, his ban on travel from Europe has just created more chaos and panic and will likely tip the US and the west into a full and deep recession.

Today...because he never can admit to making a mistake, he is now trying to amend his comments on the travel ban.

And it isn't going to work.

So today he has cost me another 20K so far.

 

[smokeshadow]

the Donald is in over his head. . .he doesn't know what he's doing and he's listening to people who 1) don't know what they are doing and 2) are telling the Donald what he wants to hear, not what he should be hearing It will be his undoing

 

[TX-Beau]

Well, shit.

The Dow closed down more than 2,350 points, or 9.99%, after the Fed’s action, its worst drop since the 1987 market crash.

https://www.msn.com/en-us/money/mar...new-funding-actions/ar-BB112FMf?ocid=primentp

 

[TX-Beau]

I knew it was going to plummet as soon as people started looking at what he said on Friday, and comapred that to reality, but I didn't expect this big a hit.

The Dow ended down just shy of 3,000 points, or 12.9%, while the S&P 500 plunged 12% and Nasdaq the sank 12.3%, after President Donald Trump warned the outbreak could drag on for months...

...Monday’s losses put the S&P 500 and Nasdaq more than 26% below their record highs set in late February. The Dow was 28% under its all-time high from last month. At one point, the Dow was down 30% from its record...

https://www.msn.com/en-us/money/mar...virus-could-drag-on/ar-BB112FMf?ocid=primentp

It seems odd that only a couple of weeks ago we were all wondering if the DOW would top 30000.

- - - Updated - - -

Every time he lies things get worse. You'd think one of them would fucking figure that out.

 

[belamyi]

 

[rareboy]

I knew it was going to plummet as soon as people started looking at what he said on Friday, and comapred that to reality, but I didn't expect this big a hit.



https://www.msn.com/en-us/money/mar...virus-could-drag-on/ar-BB112FMf?ocid=primentp

It seems odd that only a couple of weeks ago we were all wondering if the DOW would top 30000.

- - - Updated - - -

Every time he lies things get worse. You'd think one of them would fucking figure that out.

The idea that throwing a trillion dollars into the markets was going to do anything other than give the big players a softer landing was just jejune.

The idea that Fed lowering rates to zero will bail out the markets is absurd at this point.

But always remember there are lot of TrumpCo's group who are making a killing on the markets as they crash.

As always...it is all of the middle class money that is evaporating right now.....like it does in every every crash. Kiss your retirement savings goodbye again.

 

[Sausy]

Now by shooting their last shot all at once, the Fed is unable to really do much more once the economy really does tank. It might mitigate the situation but lots of people are still going to get hurt, who don't have the money to influence them.

 

[frankfrank]

...middle class money that is evaporating right now.....like it does in every every crash. Kiss your retirement savings goodbye again.

Thankfully, about four months ago, I took my IRA (retirement - sort of like your RSP or RRSP) portfolio entirely out of the stock market. I missed out on some short-term gains but, boy, did I ever miss a decline...

 

[belamyi]

Now by shooting their last shot all at once, the Fed is unable to really do much more once the economy really does tank. It might mitigate the situation but lots of people are still going to get hurt, who don't have the money to influence them.

It's not like there was a big shoot left anyway: that has been the talk these past couple of years about any prospective new crisis.

 

[cityboy-stl]

I'm still waiting for "later this year or next": you told us so.

- - - Updated - - -

Look around.