Dow is Down 900+ points Today 2/24/2020
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There is some legit deal hunting and cost average buying now.
This seems like a good time to buy Palladium
You realize the market (Dow) went up more that it ever has today? Ever.
If corona death toll stays low look for a huge upward trend.....above 30,000
Daaaaaa Bears da Bears da Bears da Bears da Bears da Bears
LOL, that is interesting and weird.....Let's see what Fed is gonna say during FOMC soon.
Do you realize that the DOW had the worst day ever since 1987. The Federal Reserve hurried to offer another 500B in repo....
The bulls were irreverent in 1985... The 1985 Bears were the best NFL team that ever existed.
I’m not a bears fan (actually loved Miami and Marino growing up) but I agree with this. 1985 bears have no peer. If I’m playing video games or see a game with a dominant team, I often refer to them as the 85 bears. Do other people do that? LOL
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Let's look at this logically.
If the fed wasn't concerned about the current state of the market, do you think they would have pumped 500 bill to 1.5 trill into the market to help support it? Along with a 50 point interest drop? How about the trump administration declaring a national emergency? How about businesses and schools shutting down temporary.
We don't even know the full extent of the spread in the US due to scarce testing supplies. With everyone flocking to the market place like its doomsday, that shits probably a hotzone for the spreading.
Whether it'll go up or down is all speculation, but based on the actions the feds and government administration is taking, I wouldn't bet my cards it'll get better before it gets worse.
Even if it gets better, awesome. I've been trickling money into the market the last few days
Let's look at this logically.
If the fed wasn't concerned about the current state of the market, do you think they would have pumped 500 bill to 1.5 trill into the market to help support it? Along with a 50 point interest drop? How about the trump administration declaring a national emergency? How about businesses and schools shutting down temporary.
We don't even know the full extent of the spread in the US due to scarce testing supplies. With everyone flocking to the market place like its doomsday, that shits probably a hotzone for the spreading.
Whether it'll go up or down is all speculation, but based on the actions the feds and government administration is taking, I wouldn't bet my cards it'll get better before it gets worse.
Even if it gets better, awesome. I've been trickling money into the market the last few days
If this calamity has taught us anything, its that no one seems to know a ****ing thing about anything. Not the government, not "experts" in their fields, etc. People don't know shit. I asked our realtor what this virus scare is going to do to the housing market here. Guess what? He doesn't know shit. I asked an economics professor who has a bulletproof reputation if tourism would drop, how much the decrease might be, and what impact it will have on the housing market. He couldn't answer. My point is, this is a situation that is brand new and never seen before, so taking extra precautions is the best option our government and everyone else can do.
We can discuss this in another thread that we create in the Tailgate forum when the country is in quarantine and we are spending 20 hours a day on SVTP. LOL
first off, the market NEEDED a correction, it was way too high, way too fast. The virus is just the topper. My first prediction was 22000, which happened. Now with all this shit shutting down, I am thinking 18,000. I don't know why we are shutting down schools and large companies. IF the deaths are only 50 people in the US ....why the **** are we under national emergency ? Seems like the government is covering up the true numbers.
84 niners.
Its not about the US numbers, it's about learning from Italy's numbers. I agree it's likely waaaaay over exaggerated but since neither you or me have any clue about the matter it's best to temporarily play it safe
The reason for schools closing is because (I assume) theybare worried the kids are carrying it with no symptoms, then unknowingly bringing it home to the adults etc.
No one's really been tested so we don't really know who's got what.
No one's really been tested so we don't really know who's got what.
As said, it's about breeding grounds for the virus. One sick kid goes to school showing no signs, 30 other kids get it, go home to their grandparent's house, and things get ugly fast.
Exactly how I described it to my kids today. As of now, their schools have not been canceled but I assume that it is imminent.
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