OT Dow Jones Down

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yankeesince59 said:
I'm aware of the math and I never said anything about being "able to predict the market perfectly"...not at al.

...but using your strategy do you think it would have been smart to buy stock about 10 days ago, or oil?...I certainly hope not.
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No. I think it's been sufficiently hit though. Not rock bottom at the moment, that will probably be a few days.
 
x1h7nt6wonl41.jpg
 
Trump admin in talks with how to boost economy. No, not our economy, Russia's!

Treasury secretary Steve Mnuchin quietly meets RUSSIA'S ambassador to talk about 'potential for trade and investment' while the markets plunge over Saudi's oil war with Moscow
  • The event was not on Mnuchin's public schedule
  • It came amid a 7 per cent morning drop in the Dow
  • Plunge was slinked to Saudi Arabia's oil moves as it counters Russia in a price war
  • The men also discussed 'compliance with sanctions programs'
  • President Trump attended a fundraiser in Orlando before returning to the White House Monday afternoon
  • Russia announced the meeting on its Facebook page, and Treasury followed up hours later
https://www.dailymail.co.uk/news/ar...-meets-RUSSIAS-ambassador-markets-plunge.html
 
The people who are going to be most affected by this are service industry personnel and hourly workers.
 
EL PRESIDENTE said:
You need to get back to being aggressive. This is all based on Coronavirus uncertainty.IF You believe that coronavirus will go away in the next few months, beat the panic.

These conditions are where wealth is made.

The government will step in like they always do and throw life preservers.

No, I don't think the economy is good. I don't think its solid. But something will come in to intervene (which I don't personally agree with) whether it be some kind of TARP 2.0 or QE4.
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It's way too early to be aggressive. I'm planning on waiting until just before a vaccine comes out which would be sometime in late February to early October of 2021.
 
EL PRESIDENTE said:
And if you're on the younger end of the spectrum. now is the time to travel. Just don't go anywhere really impacted by coronavirus, naturally.
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I'm on the older end but $200 flights to Hawaii might be too lucrative to turn down.
 
Lanny said:
Flights to Hawaii are $200? Wow
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They were for a minute last week.

https://www.cntraveler.com/story/alaska-airlines-is-offering-99-one-way-flights-to-hawaii

more likely around 300 right now. I think I got mine around that price, but I bought right before the brief airfare wars. Got hotel in may at the hilton garden inn waikiki for like $105 a night.

Got round trip flight to san jose for like 98 bucks on a weekend next month too. Deals could be had. The San Jose flight is on SWA, so I can cancel that if it gets bad.

Pretty similar to when the economy crashed after the housing bubble popped. I flew RT from LA to Honolulu for $230.
 
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Lanny said:
It's way too early to be aggressive. I'm planning on waiting until just before a vaccine comes out which would be sometime in late February to early October of 2021.
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I think that's to long. I'm waiting to see how it affects the economy once it's full blown. My thoughts are that once it's everywhere then life will return to semi normal, people don't want to be locked up forever and for most people the illness doesn't seem that bad. I would stay away from a few industries for a while though, like travel related. Trick will be to beat the vaccine, once that is announced we will see a huge surge. I'm looking at 1-4 months before I get serious again.
 
By most accounts, there won't be a vaccine for another year or so and even then, much like flu vaccines, the effectiveness is uncertain.

This will be a global recession, if that's what it becomes.
 
What a dipshit this guy is. Who are the idiots in florida that continue to vote for him? He was on Air Force One with Trump today as well where he self quarantined in the back of the plane. L.M.A.O.

 
The Professional Fan said:
What a dipshit this guy is. Who are the idiots in florida that continue to vote for him? He was on Air Force One with Trump today as well where he self quarantined in the back of the plane. L.M.A.O.

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I saw enough of Gaetz during the impeachment trial...he's a wacko.
 
>>>> Meanwhile, my Congressman posted this on his site:

The House of Representatives and Senate have passed extensive, bipartisan legislation to stem the threat of the coronavirus, or COVID-19, and help fund the development of new testing, prevention and treatment methods.

“I am pleased to support and vote for this $8.3 billion emergency appropriations bill to provide an added infusion of funding to the Centers for Disease Control and Prevention (CDC), National Institutes of Health (NIH) and other federal agencies already working to protect US citizens,” said Rep. Chris Smith (R-NJ) the ranking member of the House subcommittee on global health.

“This comprehensive bill, and the widespread support it received, will help expedite funding for testing, prevention and treatment,” Smith said. “Prevention is, as they say, worth a pound of cure, and the better we can prevent and contain COVID-19 from spreading, the less impact it will have on our communities.”

The House approved the measure, HR 6074, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, in a 415-2 vote Wednesday night. The Senate passed the House bill 96-1 Thursday. It now heads to President Trump for his signature and final enactment.
 
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