Hold on to your hats

[newjerseyhunter]

Hopefully this isn't the start of the long awaited "correction" but it ain't looking to good. Futures trading was halted due to 5% fall, oil is getting hammered. Euro markets are already tumbling today. Lots of bad signs through last week and into this morning.

[Bucndoe]

8 minutes ago, newjerseyhunter said:

Hopefully this isn't the start of the long awaited "correction" but it ain't looking to good. Futures trading was halted due to 5% fall, oil is getting hammered. Euro markets are already tumbling today. Lots of bad signs through last week and into this morning.

Where have you been ? The correction came already. This is nothing but painc 

[Greybeard]

Due mostly to oil. and the virus.  

[tcook8296]

America first is looking pretty good right now. 

Too bad no one thought of it sooner

[bucky]

I'm good, I ran out and bought milk,bread and ammo

[newjerseyhunter]

1 hour ago, Bucndoe said:

Where have you been ? The correction came already. This is nothing but painc 

There is panic but there is much more to it than that. We have countries quarantining millions of citizens to stop the spread of the virus which will have actual economic effects beyond causing people to panic selling. And the big correction has not come, not even close.

[archer36]

Don't worry, "it's all going away when the warmer weather arrives."

Is anyone listening? 

Edited March 9, 2020 by archer36

[hiking]

Time to buy.     I think more people have died testifying against the Clintons than the corona 

[bucky]

1 minute ago, archer36 said:

Don't worry, "it's all going away when the warmer weather arrives."

Is anyone listening? 

I just added sun blocker to the list

[tcook8296]

Time to close the borders. 

Oh wait, how will the undocumented migrants get in. 

 

[Haskell_Hunter]

3 hours ago, newjerseyhunter said:

There is panic but there is much more to it than that. We have countries quarantining millions of citizens to stop the spread of the virus which will have actual economic effects beyond causing people to panic selling. And the big correction has not come, not even close.

^^-- This!

The markets were preparing for a correction due to elevated risk in European corporate bonds.  With the slowdown in manufacturing and consumer spending in Europe, expect another significant correction between now and May.  There will be a lot of credit defaults occurring in Europe.  Lebanon just defaulted on its national debt.  That's just the beginning.

[Gunsmoke]

It's a shit-show.  This one is different for various reasons.  Most of them out of anyone's control and its a true global crisis.  Hope no one retiring soon was planning on using their 401K.  At some point though there will be some solid buying opportunities. 

[archer36]

24 minutes ago, Gunsmoke said:

It's a shit-show.  This one is different for various reasons.  Most of them out of anyone's control and its a true global crisis.  Hope no one retiring soon was planning on using their 401K.  At some point though there will be some solid buying opportunities. 

I'm ready. 

[smittty]

99 cent has at the pumps next week

[Tarhunt]

Most of the drop is due to Saudi Arabia reducing the price of oil. It's $30.00 a barrel and that will cause havoc on the stock market.