Stock Market

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Notorial Dissent
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Re: Stock Market

#601

Post by Notorial Dissent »

Sterngard Friegen wrote:
Fri Mar 20, 2020 5:22 pm
WriteItDown wrote:
Fri Mar 20, 2020 5:14 pm
Actually there are a couple of legitimate papers out in the literature that say that some antimalarials have some efficacy.
Mostly Petri dish and animal studies. No human studies. No knowledge of the dosages. Chloroquine in doses twice what is prescribed for malaria can be fatal. And we don't know what giving Chloroquine to someone with Covid-19 will do to that person.
And some people CAN'T take it under any circumstances. Makes them very sick or in severe cases dead.
The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.

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ZekeB
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Re: Stock Market

#602

Post by ZekeB »

Well it is the stock market when Trump tries to reassure the country that there is a miracle drug, soon to be used to fix the problem. Of course when asked to say something else to reassure the country, he explodes at the reporter. We've seen the stock market respond to his reassurances.
Trump: Er hat eine größere Ente als ich.

Putin: Du bist kleiner als ich.

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Addie
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Re: Stock Market

#603

Post by Addie »

Associated Press: Trump keeps talking during market hours; stocks keep tanking
"The very least you can do in your life is to figure out what you hope for." - Barbara Kingsolver

Panch Villlain

Re: Stock Market

#604

Post by Panch Villlain »

Be prepared for a market worse than the Lehman Brothers crash.

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NotaPerson
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Re: Stock Market

#605

Post by NotaPerson »

Not looking good for tomorrow. Futures down to their limit of 5%. :cantlook:

https://finance.yahoo.com/news/dollar-d ... 56151.html
Am I being detained?

TexasFilly
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Re: Stock Market

#606

Post by TexasFilly »

NotaPerson wrote:
Sun Mar 22, 2020 7:30 pm
Not looking good for tomorrow. Futures down to their limit of 5%. :cantlook:

https://finance.yahoo.com/news/dollar-d ... 56151.html
From your link:
West Texas Intermediate crude lost 5.8% to $21.33 a barrel.Gold slid 0.5% to $1,491.85 an ounce.
All of my neighbors (who never, ever learn) who have themselves leveraged to the hilt riding the oil high are about to see their fancy cars repossessed.
I love the poorly educated!!!

Kevin McCarthy: Paul Ryan playing with a head injury -- Jon Lovett

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Suranis
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Re: Stock Market

#607

Post by Suranis »

So. $500 Billion didn't work. $1 Trillion didn't work. How about $INFINITY+$1!!!! Futures are up, by God!!
Dow futures surge into positive territory after Fed unleashes unlimited stimulus plan to combat coronavirus problem

Published: March 23, 2020 at 8:28 a.m. ET
By Mark DeCambre

Futures for the Dow Jones Industrial Average surged Monday morning after the Federal Reserve took surprising action before the market opened to address dislocations that have been cropping up in financial markets amid the coronavirus outbreak, which has brought to a halt business activity across the globe. The Fed on Monday morning said it would buy assets "in the amounts needed" to support smooth market functioning and effective transmission of monetary policy. The Fed had previous set a $700 billion limit for asset purchases. The news delivered a jolt to markets that were set to register another steep fall to start the week after a rescue package bill by the Senate failed in a vote on Sunday. Futures for the Dow Jones Industrial Average YMM20, 1.576% were up 636 points, or 3.2%, at 19,676 and had hit an intrasession low at 18,086, triggering a daily limit-down that prevents the index future from falling or rising more than 5% in a session. Futures for the S&P 500 index ESM20, 1.726% were up 3.8% at 2,372, while those for the Nasdaq-100 NQM20, 2.217% were up 4.1% at 7,247. On Friday, the Dow DJIA, -4.54%, the S&P 500 SPX, -4.33% and the Nasdaq Composite Index COMP, -3.79% put in their worst weekly losses since the 2008 financial crisis.
Now you cant get away! For hates sake I spit out my last Cent at thee!!! RISE, DAMMED STOCK MARKET!!
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Chilidog
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Re: Stock Market

#608

Post by Chilidog »

So we squander our future for the sake of a Hamberder today....

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fierceredpanda
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Re: Stock Market

#609

Post by fierceredpanda »

I desperately want to ask Jerome Powell what, exactly, this is going to accomplish besides a temporary halt to the market's free fall. It reminds me of the Bank of England during the run on the Pound Sterling in 1992 that came to be known as Black Wednesday. The Pound was nose-diving, and the Bank of England threw a whole lot of good money after bad trying to keep the price propped up, all of which only served to make sure a lot of speculators (including George Soros, who had heavily shorted the Pound) netted themselves a hefty profit. Except at least there was a reason that the BoE was doing that:The value of the Pound had to remain within a certain range in order to remain in the European Exchange Rate Mechanism. It was only after blowing a whole lot of money that the Bank had to concede that the exercise was pointless.

What purpose, other than possibly saving Donald Trump from one day of embarrassment, are these Federal Reserve moves serving?
"There's no play here. There's no angle. There's no champagne room. I'm not a miracle worker, I'm a janitor. The math on this is simple; the smaller the mess, the easier it is for me to clean up." -Michael Clayton


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Slim Cognito
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Re: Stock Market

#610

Post by Slim Cognito »

Chilidog wrote:
Mon Mar 23, 2020 9:24 am
So we squander our future for the sake of a Hamberder today....
This should be on a bumper sticker.
ImageImageImage x4

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RoadScholar
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Re: Stock Market

#611

Post by RoadScholar »

And apparently the market is shrugging it off anyway. Dow down ~500 now, 15 minutes into trading.
The bitterest truth is healthier than the sweetest lie.
X3

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Slim Cognito
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Re: Stock Market

#612

Post by Slim Cognito »

Has the market finally learned trump is full of shit?
ImageImageImage x4

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Lani
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Re: Stock Market

#613

Post by Lani »

RoadScholar wrote:
Mon Mar 23, 2020 9:44 am
And apparently the market is shrugging it off anyway. Dow down ~500 now, 15 minutes into trading.
It's bouncing a tiny bit up and down now, around -300, 18,900ish.

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Lani
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Re: Stock Market

#614

Post by Lani »

And now it's dropping again , -500.

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Reality Check
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Re: Stock Market

#615

Post by Reality Check »

Lani wrote:
Mon Mar 23, 2020 11:01 am
And now it's dropping again , -500.
Is Trump talking?
"“If you’re not outraged, you’re not paying attention.”

Heather Heyer, November 2016

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Suranis
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Re: Stock Market

#616

Post by Suranis »

Nope. According to the white house live site next event is 5:30PM EDT. I guess he wants to pump the market with his blessed lips before it closes so he can hand out more autographs.

18,497.36, -676.62, -3.53% right now
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Turtle
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Re: Stock Market

#617

Post by Turtle »

It won't go up significantly until the stimulus package is passed in the Senate, or at least confirmation of a deal.

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Lani
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Re: Stock Market

#618

Post by Lani »

Wild day! Now back "up" to just over 19,000, -150.

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ZekeB
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Re: Stock Market

#619

Post by ZekeB »

Turtle wrote:
Mon Mar 23, 2020 12:55 pm
It won't go up significantly until the stimulus package is passed in the Senate, or at least confirmation of a deal.
Don't bet on it. I suspect that some of the stimulus package is already built into the market.
Trump: Er hat eine größere Ente als ich.

Putin: Du bist kleiner als ich.

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Reality Check
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Re: Stock Market

#620

Post by Reality Check »

The market rose 600 points while Schumer was speaking.
"“If you’re not outraged, you’re not paying attention.”

Heather Heyer, November 2016

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Frater I*I
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Re: Stock Market

#621

Post by Frater I*I »

Reality Check wrote:
Mon Mar 23, 2020 1:33 pm
The market rose 600 points while Schumer was speaking.
Because the market recognizes him as a competent adult, and not a boot licking sycophant...
Gazer Into the SovCit Abyss

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Sterngard Friegen
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Re: Stock Market

#622

Post by Sterngard Friegen »

The Dems are crashing the most recent bailout bill. Only Doug Jones for the Dems voted yes.

The market has been stable since the vote passed the 40 nay threshold.

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Lani
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Re: Stock Market

#623

Post by Lani »

Nope. -600.

TexasFilly
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Re: Stock Market

#624

Post by TexasFilly »

Just a note: this "bill" gives Mnuchin a 500 hundred billion dollar fund to do with as he pleases, with no requirement that he report on it for six months.

And we know how respectful the Trump Administration has been about reporting requirements.
I love the poorly educated!!!

Kevin McCarthy: Paul Ryan playing with a head injury -- Jon Lovett

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ZekeB
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Re: Stock Market

#625

Post by ZekeB »

TexasFilly wrote:
Mon Mar 23, 2020 2:23 pm
Just a note: this "bill" gives Mnuchin a 500 hundred billion dollar fund to do with as he pleases, with no requirement that he report on it for six months.

And we know how respectful the Trump Administration has been about reporting requirements.
In other words: Trump gets his entire wall.
Trump: Er hat eine größere Ente als ich.

Putin: Du bist kleiner als ich.

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