I will say this again to the wind, in hopes that the stock brokers and investors somehow hear it:
STOP OVERREACTING TO EVERYTHING YOU FUCKING RACCOONS!
Forgive my english, as i'm not a native speaker
Your analysis is poor at best on the actions taken by Bush AND Obama.
First most of the actions were not even bailouts since they required financial guarantees like our eventual ownership of GM, AIG, etc.
Second it helped main Street to the tune of millions of jobs saved. Hell millions just in the auto and downstream market alone
One of the biggest part of the bail out was direct funding to individuals with no payback requirement attached. Temp tax cut.
Sure Wall Street was helped too but many many walstreet investments and companies were allowed to fail, how many auto makers?
Far from perfect it was but not anywhere near how you are defining it
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Wait..are you saying my 120 rolls of TP is an over reaction??
Welp...at least I can flip them on CL for 10x the value to cover my stock losses. Hell the two bottles of hand sanitizer is worth about 100-200 bucks right now a 10,000% gain
Wall Street funds should have invested in those....
Buh Byeeeeeeeeeeee !!
Um...their moves actually have merit.
Remember, this is slower than it could have been. This isn't a crash. This is a gradual selloff as US businesses are predicted to fail. It's a vote of confidence against the US economy doing well.
And if you've read my last 3 years of posts, you'll wonder why this didn't happen earlier.
Oh wait, I just re-read the thread title. It did happen earlier. It's just worse now.
Well it's all ratio based
When you free up an actual 60 billion it allows you to loan 10-1 50-1 100-1....
So the value of 60 is compounded based on quality of debt and reserve requirements.
The reason why it ended up being bad is it sounds like the first 60 will go directly to buying govt treasuries not private market debt.....all the reports are so conflicted in what's actually happening.
The communication on this is a mess
P.s how long till pence is fired or "resigns" after this mess in the last 12 hours
Buh Byeeeeeeeeeeee !!
We should see a last-minute pickup. Boeing basically bribed Washington state to change a law, which in turn, puts the US back in WTO compliance.
Meaning the EU could/should lower tariffs on imported Boeing goods, increasing sales. That should pick up their value off the floor and dust it off a bit.
Wanna bet on how much is the bottom of this shitshow? Dow at 20k and it rebounds? 18k (wiping out all of the gains under the orange cancer)?
Forgive my english, as i'm not a native speaker
You mean, today?
-2100 that we hit before is a good basement for right now. There might be a rally, but it won't take this off the record books.
The worst number drop the DOW ever had was Monday, -2000. Before that was yesterday, no I'm not fucking kidding, literally yesterday, -1400. We will end between the two.
Someone whose name starts with Za is going to ask about Friday. My answer is pre-emptively "I'm going to get drunk on Friday."
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The Dow Is Crashing & It’s About to Hit an Ugly Trump Milestone
The headline is 7 hours old. In a striking coincidence, 7 hours ago was 10PM, there was a nice little local peak at 21,932
It is currently 21,518
The decade-long bull market in stocks is over. And it was Trump’s Oval Office speech that put the nail in the Dow Jones coffin.
Unable to calm investors, or indeed the nation, Wall Street went into a blind panic. Stock market trading was halted on Thursday morning after a 7% plunge in the S&P 500 triggered a 15-minute “circuit breaker” for the second time this week.
The stock market is now at risk of wiping out all the gains since Trump took office. On Trump’s inauguration day, the Dow Jones was at 19,827. A further fall of 15%, as predicted by Goldman Sachs, would take us right back there.
Goldman Sachs Predicts Further 15% Stock Market Fall
Goldman Sachs’ top U.S. equity strategist David Kostin thinks there’s plenty of pain yet to come. He sees the U.S. stock market falling another 15% before finding a bottom. Kostin said the coronavirus will hit all aspects of the economy.
Both the real economy and the financial economy are exhibiting acute signs of stress… Supply chains have been disrupted and final demand has declined for many industries. Travel is contracting sharply as both individuals and businesses restrict movement. Airlines, hotels, cruises, and casinos report plunging demand, lower occupancy, and cancellations. Employees are being furloughed.
A 15% decline from yesterday’s Dow Jones close takes us back to 20,000. A whisker higher than when Trump took office.
Trump’s Stock Market Gains Set To Vanish
The president has consistently used the stock market as a barometer of his success. In November 2019 he boasted of record highs for the S&P 500 and Nasdaq.
There's a tweet for everything.
Bolded and increased size for article section headers. Bolded and orange for emphasis.Dow Jones Fails To Rally On Trump’s Coronavirus Speech
The latest stock market selloff was triggered by Trump’s Oval Office address on Wednesday night. His decision to ban travel from Europe failed to calm nerves and sent the stock market into a tailspin in after-hours trading.
After consulting with our top government health professionals I have decided to take several strong but necessary actions to protect the health and well-being of all Americans. To keep new cases from entering our shores, we will be suspending all travel from Europe to the United States for the next 30 days.
Investors were hoping for a larger stimulus package from the White House. But they were left disappointed. European stocks plunged 6% this morning. Unsurprisingly, travel stocks took the heaviest beating.
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We are in July 2017 territory. The thread title has never been more accurate.
So its around 6am here and i just got back from my morning run ( i really love seeing New Castle early morning with the cool air its very calming ) when the overall market looks like a fish flopping around grasping for air.
So some highlights was the FED announced more liquidity and was met with a 900 to 1000 point upswing but that last about the same duration as my first time in bed not very long at best.
Understanding that almost 70% of the US and other western economies is consumer spending meaning that that this is showing to be the best of mixes for a downturn. I would expect to hear some Economic Patriotism as a way to bring our heads above water but it will be some time before any real action can be done to hold this off. Our outlook is fairly optimistic given the doom and gloom with men wearing boards screaming the end is near!!! Sure more liquidity talk is fine but more will need to be done obviously.
Every Euro market is down across the board from FTSE100 ( down 10.87% ), DAX ( German down 12.24% ), Euronext100 ( down 11.97% ), CAC40 ( France down 14.10% ) and Swiss Market Index ( down 9.64% ).
Every time I'm checking my portfolio, I'm singing Free Fallin in my head. Time to buy a new bottle of whiskey.
The wise wolf who's pride is her wisdom isn't so sharp as drunk.
Congratulations to Donald J. Trump. First President to graduate from reality TV show host to President during a zombie apocalypse."Markets are in complete crisis mode, past economic data has zero influence on investors' decision, central bank emergency easing policies are not being effective and politicians' actions are only adding more confusion," Hussein Sayed, the chief market strategist at FXTM, told Business Insider in an email.
He added: "The one thing that investors are monitoring is how fast the coronavirus is spreading, how many lives it is taking and the number of countries and cities in complete lockdown. It literally feels like we are living in a science fiction movie."
I guess, more realistically, I should point out the line "past economic data has zero influence on investors' decision". I guess the best way to be a science denier is to make evidence obsolete.
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Goldman Sachs would more or less agree, it seems.
So we're clear: every single day between Nov 1 and Nov 15, 2016, was between 17,900 and 18,900. Your boss thinks we're returning to election day, losing everything.
And that's before talking about how much the average American lost in taxes.
Well, if everyone is staying home, entire regions are going to look pretty desolate.
I'm skipping the roller coaster today. The last three made me nauseous. Someone text me when closing bell strikes?
I'll leave you with this article that's I shit you not 4 minutes old: This Is Why the Dow Jones Crashed Harder Today Than It Has in 33 Years
The headline refers to Oct 1987, a massive 22% drop that is, to date, the biggest proportional drop the DOW has ever seen. To put it in perspective, #2 #3 and #4 are all 1929.