Stock market panic

  
By:  john-russell  •  one month ago  •  78 comments

Stock market panic

The stock market is having it's worst week since 2008. 

Down 1100 points for the day. 

The stock market has lost more than 10% of it's worth in the past week. 


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JohnRussell
1  author  JohnRussell    one month ago

A doctor on TV just said that people should stop shaking hands. 

 
 
 
Sister Mary Agnes Ample Bottom
1.1  Sister Mary Agnes Ample Bottom  replied to  JohnRussell @1    one month ago
A doctor on TV just said that people should stop shaking hands. 

Then it's a good thing I'm a hugger/kisser.  

 
 
 
devangelical
1.1.1  devangelical  replied to  Sister Mary Agnes Ample Bottom @1.1    one month ago

if someone appears at your door in a full body condom, don't panic, it's me.

 
 
 
MonsterMash
1.1.2  MonsterMash  replied to  devangelical @1.1.1    one month ago
if someone appears at your door in a full body condom, don't panic, it's me.

[Deleted]

 
 
 
Sister Mary Agnes Ample Bottom
1.1.3  Sister Mary Agnes Ample Bottom  replied to  devangelical @1.1.1    one month ago
if someone appears at your door in a full body condom, don't panic, it's me.

Where are you, Big Daddy?!  Mama's still waitin'!

 
 
 
Raven Wing
1.1.4  Raven Wing  replied to  Sister Mary Agnes Ample Bottom @1.1.3    one month ago
Mama's still waitin'!

LOL!!!!

 
 
 
Trout Giggles
1.1.5  Trout Giggles  replied to  Sister Mary Agnes Ample Bottom @1.1    one month ago

I'm with devangelical

But I'll still hug you!

 
 
 
devangelical
1.2  devangelical  replied to  JohnRussell @1    one month ago

a friend of mine that has to wear those disposable face masks because of a respiratory issue was telling me today that their price has gone up over 500% in the last week and he buys them in bulk.

 
 
 
sandy-2021492
1.2.1  sandy-2021492  replied to  devangelical @1.2    one month ago

My suppliers are starting to ration them.  I can only buy a certain number of boxes at a time.  New accounts can't buy any, as they're suspected of buying them to resell at a large markup.

 
 
 
devangelical
1.2.2  devangelical  replied to  sandy-2021492 @1.2.1    one month ago

it's only a matter of days before we see lots of MAGA masks for sale

 
 
 
XDm9mm
1.3  XDm9mm  replied to  JohnRussell @1    one month ago
A doctor on TV just said that people should stop shaking hands. 

I've done that when I felt I had a cold or other "bug".  I simply told the people that it's not personal, but I just don't feel like sharing whatever it was that I was suffering from.  I appreciate it when others do the same.

 
 
 
igknorantzrulz
1.3.1  igknorantzrulz  replied to  XDm9mm @1.3    one month ago

i do as well, as all should in my opine

 
 
 
JohnRussell
2  author  JohnRussell    one month ago

Market closed almost 1200 points down. 

Idiot-in-chief says the stock market is falling fast because the country did not approve of the Democratic debate a couple days ago. 

NBC financial reporter says she didnt see anyone on the trading floor complaining about Bernie Sanders, but saw a lot of people talking about the corona virus. 

 
 
 
Dean Moriarty
2.1  Dean Moriarty  replied to  JohnRussell @2    one month ago

To be expected from an NBC reporter. 

 
 
 
lady in black
2.2  lady in black  replied to  JohnRussell @2    one month ago

He's an idiot...market was falling on Monday and Tuesday prior to the debate.

 
 
 
JohnRussell
2.2.1  author  JohnRussell  replied to  lady in black @2.2    one month ago
He's an idiot

That is the surest bet in existence. 

 
 
 
pat wilson
2.2.2  pat wilson  replied to  JohnRussell @2.2.1    one month ago

MAGA !!!  wait,

KAG!!!   wait,

WTF !!!

 
 
 
Raven Wing
2.2.3  Raven Wing  replied to  pat wilson @2.2.2    one month ago

GAG?

 
 
 
devangelical
2.3  devangelical  replied to  JohnRussell @2    one month ago

cut taxes for the wealthy...

increase the federal deficit...

loot the economy...

watch the stock market go over the cliff...

deja vu

 
 
 
WallyW
2.4  WallyW  replied to  JohnRussell @2    one month ago

Good buying opportunity, lots of bargains out there

 
 
 
Drakkonis
2.4.1  Drakkonis  replied to  WallyW @2.4    one month ago

Pretty much the way I see it. My 401k is getting more shares per dollar. The only people this matters to is the one's about to retire.

 
 
 
SteevieGee
2.4.2  SteevieGee  replied to  Drakkonis @2.4.1    one month ago

Hey, you're ok so fuck everybody else.

 
 
 
XDm9mm
3  XDm9mm    one month ago

And now for the REST of the story.

I was going to post the below as an independent post, but this seed is a good place to put it.

================================================================================================================

AAxXYw5.img?h=40&w=138&m=6&q=60&o=f&l=f&

Some of the world's biggest economies are on the brink of recession

Markets closed out last week on an anxious note. It's not difficult to see why: The coronavirus continues to spread, and there are signs that some of the world's top economies could slide into recession as the outbreak compounds pre-existing weaknesses.

AAbsIEO.img?h=600&w=799&m=6&q=60&o=f&l=f © Yoshikazu Tsuno / Getty

Take Japan: The world's third-largest economy shrank 1.6% in the fourth quarter of 2019 as the country absorbed the effects of a sales tax hike and a powerful typhoon. It was biggest contraction compared to the previous quarter since 2014.

Then there's Germany. The biggest economy in Europe ground to a halt right before the coronavirus outbreak set in, dragged down by the country's struggling factories. The closely-watched ZEW Indicator of Economic Sentiment in Germany decreased sharply for February, reflecting fears that the virus could hit world trade.

Bank of America economist Ethan Harris points to the number of smaller economies that are hurting, too. Hong Kong is in recession and Singapore could soon suffer a similar fate. Fourth quarter GDP data from Indonesia hit a three-year low, while Malaysia had its worst reading in a decade, he noted to clients on Friday.

Meanwhile, engines of growth like China and India slowed in 2019. Fourth quarter GDP data for the latter comes out this week.

All of this brings to the fore concerns about the global economy's ability to withstand a shock from the coronavirus. Harris says the weak quarter was likely a result of lingering damage from the trade war between China and the United States. The coronavirus is poised to make matters worse.

"Global equities have rebounded as the US and China have converged to a ceasefire, but companies with global supply chains remain deeply uncertain," he said.

On the radar: Even the United States may not be in as strong a position as previously thought. IHS Markit said Friday that US services sector contracted in February, with the reading hitting a 76-month low. It's the first time the sector has contracted in four years.

BBZwk3E.img?m=1&b=black&w=799&h=449&f=jp

 
 
 
JohnRussell
3.1  author  JohnRussell  replied to  XDm9mm @3    one month ago

I heard a guy on tv yesterday saying that the market was tumbling because of some reports saying that it has gone up as much as it can under current economic conditions and would be stagnant or worse for the next two years. 

Not sure of the accuracy of the remarks and havent seen such an analysis in the news today. Havent looked for it either though. 

 
 
 
XDm9mm
3.1.1  XDm9mm  replied to  JohnRussell @3.1    one month ago
I heard a guy on tv yesterday saying that the market was tumbling because of some reports saying that it has gone up as much as it can under current economic conditions and would be stagnant or worse for the next two years.  Not sure of the accuracy of the remarks and havent seen such an analysis in the news today. Havent looked for it either though. 

I'll submit there are a variety of reasons.  

One of which is the one you noted, but I doubt it it won't go up any more.   The American consumer is an insatiable beast and that's what is actually driving the markets now IMHO.

Another, as noted by Charles Payne is that with the coronavirus scare, many are pulling out to capture previous gains to lock them in and will dive back in when things settle back down.

Personally, I've already bought some stocks in various companies that have already been hammered and now, I'll just hang onto them and likely sell them off again when they get back to where they were previously.   My personal portfolio is and will remain intact with the aforementioned exception.

 
 
 
devangelical
3.2  devangelical  replied to  XDm9mm @3    one month ago

remember a long time ago when conservatives were pooh-poohing the possibility of another recession?

last month. what is trumpski going to gloat about at his pep rallies now?

 
 
 
XDm9mm
3.2.1  XDm9mm  replied to  devangelical @3.2    one month ago
remember a long time ago when conservatives were pooh-poohing the possibility of another recession? last month. what is trumpski going to gloat about at his pep rallies now?

Here's a hint.   China and Europe have been sliding into the shit for quite some time now and all that time we were going up.  Here's another hint.  When this current coronavirus panic dies (no pun intended) down, we'll get back to the business of growing the American economy.

And President Trump will still be talking about the great American economy, much to your dismay.

 
 
 
devangelical
4  devangelical    one month ago

with today's loss in the market, combined with the previous 2 sessions, it's now around twice the decline that ushered in the bush recession. so much for trump using the economy for re-election, that old conservative standby of starting a new war in the ME just may be the ticket now. 

 
 
 
Vic Eldred
4.1  Vic Eldred  replied to  devangelical @4    one month ago

And the lefties keep wishing for the worst!

 
 
 
devangelical
4.1.1  devangelical  replied to  Vic Eldred @4.1    one month ago

don't blame me for the total incompetence of that POS/POTUS. I didn't vote for that stupid fuck.

 
 
 
igknorantzrulz
4.1.2  igknorantzrulz  replied to  Vic Eldred @4.1    one month ago

according to some around here, it can only be g-ds will

 
 
 
XDm9mm
4.1.3  XDm9mm  replied to  devangelical @4.1.1    one month ago
I didn't vote for that stupid fuck.

Your loss.  

Don't blame us for that.

 
 
 
devangelical
4.1.4  devangelical  replied to  XDm9mm @4.1.3    one month ago

no loss for me this time. I converted what was left of my stock into real estate after the last mental defective in the white house cratered the US economy in 2008. bargains galore.

 
 
 
Texan1211
4.2  Texan1211  replied to  devangelical @4    one month ago
with today's loss in the market, combined with the previous 2 sessions, it's now around twice the decline that ushered in the bush recession. so much for trump using the economy for re-election, that old conservative standby of starting a new war in the ME just may be the ticket now.

People with a little, just a little, savvy about the stock market know that many things can influence stocks. Take a look at airlines--they are way down due to the virus outbreak.

For someone to look at 3 days of the market after a world-wide outbreak is a little narrow minded and a whole lot silly.

And once the virus is controlled or eradicated or no longer a world-wide threat, many folks expect that the market will bounce back just as strong as ever.

Of course, some folks may panic and sell everything now. Those would be the foolish ones. The ones buying now at reduced prices or simply holding on to what they have will be the ones making all the money.

So, how much of a loss are you selling out for?

 
 
 
Trout Giggles
4.3  Trout Giggles  replied to  devangelical @4    one month ago

Good grief! Don't give him any ideas!

 
 
 
Jordan G
5  Jordan G    one month ago

Seems dear leader’s wonderful news conference yesterday, wasn’t a success

 
 
 
devangelical
5.1  devangelical  replied to  Jordan G @5    one month ago

he's experiencing some karma. seems as though some big campaign donation checks from the usually reliable conservative donors have bounced after the blood bath they took in the market this week. let's hope his next rally is filled with peeved retirees and wealthy financial market victims that can bring cash.

 
 
 
Texan1211
5.1.1  Texan1211  replied to  devangelical @5.1    one month ago
seems as though some big campaign donation checks from the usually reliable conservative donors have bounced after the blood bath they took in the market this week.

Can we assume you have no proof of this, since you didn't bother to name anyone whose check bounced?

Or do you think they wrote a big check just this week, and it bounced?

 
 
 
Texan1211
5.1.2  Texan1211  replied to  devangelical @5.1    one month ago
he's experiencing some karma. seems as though some big campaign donation checks from the usually reliable conservative donors have bounced after the blood bath they took in the market this week. let's hope his next rally is filled with peeved retirees and wealthy financial market victims that can bring cash

Your source, please.

 
 
 
Sister Mary Agnes Ample Bottom
5.1.3  Sister Mary Agnes Ample Bottom  replied to  Texan1211 @5.1.2    one month ago
Your source, please.

That's the great thing about Karma.  The source is pretty much in your face.

 
 
 
Texan1211
5.1.4  Texan1211  replied to  Sister Mary Agnes Ample Bottom @5.1.3    one month ago

A source is a source--something sorely lacking in this case.

Maybe YOU can provide a source that large donor checks to Trump's campaign have bounced. I can't find it anywhere, so I have to assume that the poster made that shit up.

Go for it---I would just LOVE to see your source for believing that, or do you just believe anything that falls out of a fellow left winger's mouth?

 
 
 
Dulay
5.1.5  Dulay  replied to  Texan1211 @5.1.1    one month ago
Can we assume you have no proof of this, since you didn't bother to name anyone whose check bounced?
Or do you think they wrote a big check just this week, and it bounced?

Reading is fundamental.

In the comment you replied to, 'bounced' has nothing to do with checks...

 
 
 
Texan1211
5.1.6  Texan1211  replied to  Dulay @5.1.5    one month ago
Reading is fundamental.
In the comment you replied to, 'bounced' has nothing to do with checks...

gee, I  just love how only you are able to interpret everyone's comments.

Guess I should have completely ignored this then...…...

 seems as though some big campaign donation checks from the usually reliable conservative donors have bounced after the blood bath they took in the market this week. 

since you claim it has nothing to do with checks.

SOSDD

 
 
 
Texan1211
5.1.7  Texan1211  replied to  Dulay @5.1.5    one month ago

May I get your interpretation of this?

seems as though some big campaign donation checks from the usually reliable conservative donors have bounced after the blood bath they took in the market this week. let's hope his next rally is filled with peeved retirees and wealthy financial market victims that can bring cash.

What do you think he meant?

This should be really, really good!

 
 
 
Texan1211
5.1.8  Texan1211  replied to  Dulay @5.1.5    one month ago

BTFW, do you speak for devangelical now?

 
 
 
Sister Mary Agnes Ample Bottom
5.1.9  Sister Mary Agnes Ample Bottom  replied to  Texan1211 @5.1.4    one month ago
Maybe YOU can provide a source that large donor checks to Trump's campaign have bounced. I can't find it anywhere, so I have to assume that the poster made that shit up.

Like I said, that's the great thing about Karma.  The source is pretty much in your face.

 
 
 
Texan1211
5.1.10  Texan1211  replied to  Sister Mary Agnes Ample Bottom @5.1.9    one month ago
Like I said, that's the great thing about Karma.  The source is pretty much in your face

That is inane.

 
 
 
Sister Mary Agnes Ample Bottom
5.1.11  Sister Mary Agnes Ample Bottom  replied to  Texan1211 @5.1.10    one month ago

Hold on while I grab a pen and write that one down.

 
 
 
igknorantzrulz
5.1.12  igknorantzrulz  replied to  Sister Mary Agnes Ample Bottom @5.1.11    one month ago

inane in the membrane

 
 
 
Texan1211
5.1.13  Texan1211  replied to  Sister Mary Agnes Ample Bottom @5.1.11    one month ago
Hold on while I grab a pen and write that one down.

Too long of a word?

Sorry about that, I'll try to do better, depending on my audience.

 
 
 
Texan1211
5.1.14  Texan1211  replied to  igknorantzrulz @5.1.12    one month ago

Funny thing is, I keep getting responses, but not a single one can give me the simple thing I asked for---proof that big donor checks were bouncing.

Figures.

 
 
 
devangelical
5.1.15  devangelical  replied to  Texan1211 @5.1.13    one month ago

seems as though I'm waiting on some proof too. until I get it, no need to check back. enjoy the next 2 day single player leather-slapping session.

 
 
 
Texan1211
5.1.16  Texan1211  replied to  devangelical @5.1.15    one month ago
seems as though I'm waiting on some proof too.

Proof of what?

until I get it, no need to check back. 

Use your words. If you are waiting on some type of proof from me, it would be helpful to let me know WTF you are talking about.

If it is from someone else, you would be much better off addressing it to them.

enjoy the next 2 day single player leather-slapping session.

Naw--I'm saving myself for the BIG Bernie party when he becomes the Democratic nominee.

 
 
 
JohnRussell
6  author  JohnRussell    one month ago

Stock market is down 900 more points already this morning.  Feb 28

 
 
 
WallyW
6.1  WallyW  replied to  JohnRussell @6    one month ago

How does that make you feel?

 
 
 
Texan1211
6.1.1  Texan1211  replied to  WallyW @6.1    one month ago

What no one on the left wants to even acknowledge is that the stock market (DJIA) is STILL about 5000 pints higher than when Trump was inaugurated, even after this bad week.

Current DJIA 24904.14

Day of Trump's inauguration: 19827..25

 
 
 
Just Jim NC TttH
6.1.2  Just Jim NC TttH  replied to  WallyW @6.1    one month ago

Giddy of course as long as he thinks it's Trump's fault........................

 
 
 
JohnRussell
6.1.3  author  JohnRussell  replied to  WallyW @6.1    one month ago
How does that make you feel?

It doesnt make me feel anything. 

Trump demanded all the credit for the good, he gets all the blame for the bad. That is fair, isnt it? 

 
 
 
igknorantzrulz
6.1.4  igknorantzrulz  replied to  Texan1211 @6.1.1    one month ago

that's how many pints are needed for many to even stomach Trump

 
 
 
Texan1211
6.1.5  Texan1211  replied to  JohnRussell @6.1.3    one month ago

So, are you finally going to credit Trump with the stock market being up about 5000 points since his inauguration?

Somehow I doubt it. You want to blame Trump for the stock market doing poorly now, but don't want to even acknowledge its successes since Trump got in.

 
 
 
Texan1211
6.1.6  Texan1211  replied to  igknorantzrulz @6.1.4    one month ago
that's how many pints are needed for many to even stomach Trump

Nice.

Can't dispute anything I wrote, so now you are reduced to criticizing typing errors.

jrSmiley_84_smiley_image.gif

 
 
 
Trout Giggles
6.1.7  Trout Giggles  replied to  Texan1211 @6.1.6    one month ago

Did someone remove a pint of your humor fluid?

 
 
 
loki12
6.1.8  loki12  replied to  Just Jim NC TttH @6.1.2    one month ago

The best thing is we will no longer see dickhead Barry on TV claiming credit for the economy. 

 
 
 
Dismayed Patriot
6.1.9  Dismayed Patriot  replied to  JohnRussell @6.1.3    one month ago
Trump demanded all the credit for the good, he gets all the blame for the bad. That is fair, isnt it? 

Did you forget to read your Trump commandments this morning? Everyone knows that when good things happen we are to give all praise to the Lord and Savior Trump, and when bad things happen we are to lay all the blame on Trumps enemies. Without following that rule one might not worship Dear Leader Trump! /s

 
 
 
Texan1211
6.1.10  Texan1211  replied to  Trout Giggles @6.1.7    one month ago

Proof that I do have a sense of humor:

I am on here, right?

 
 
 
Texan1211
6.1.11  Texan1211  replied to  Dismayed Patriot @6.1.9    one month ago

So when will you give Trump credit for the market being up about 5000 points since he took office?

 
 
 
JohnRussell
6.1.12  author  JohnRussell  replied to  Texan1211 @6.1.11    one month ago

Did you give Obama credit for the stock market going up? 

 
 
 
It Is ME
6.1.13  It Is ME  replied to  Texan1211 @6.1.11    one month ago
So when will you give Trump credit for the market being up about 5000 points since he took office?

Obama did that jrSmiley_103_smiley_image.jpg .....but don't bring up Obama if it has anything to do with "Negative". That's only thinking in the "Past". jrSmiley_88_smiley_image.gif

 
 
 
Texan1211
6.1.14  Texan1211  replied to  JohnRussell @6.1.12    one month ago
Did you give Obama credit for the stock market going up? 

Nope.

I am not such a dumbfuck as to think the President is responsible for what millions of investors do regarding stock markets, or for world events like a virus.

I also didn't criticize Obama for the stock market performance.

 
 
 
Texan1211
6.1.15  Texan1211  replied to  JohnRussell @6.1.12    one month ago
Did you give Obama credit for the stock market going up? 

Did you credit Trump with the market going up?

 
 
 
igknorantzrulz
6.1.16  igknorantzrulz  replied to  Texan1211 @6.1.15    one month ago

Did you credit Trump with the market going up?

That would be Stupid,

thus

why Trump does it over , and over again.

 
 
 
Texan1211
6.1.17  Texan1211  replied to  igknorantzrulz @6.1.16    one month ago
That would be Stupid,

As would be blaming Trump for any downturns.

But that doesn't seem to stop some idiots from thinking its all his fault the market is down.

 
 
 
JohnRussell
6.1.18  author  JohnRussell  replied to  Texan1211 @6.1.17    one month ago

No one is blaming Trump for the stock market, they are just saying that since he demands all the credit he should get all the blame. 

Quid pro know. 

 
 
 
Texan1211
6.1.19  Texan1211  replied to  JohnRussell @6.1.18    one month ago

Then give him credit AND blame.

It is an extremely ignorant thing to do, but not unexpected.

 
 
 
Donald J. Trump Fan #1
7  Donald J. Trump Fan #1    one month ago

Based on what’s being said now as this is typed and the rest of the weekend will end the panic on wall st.  

 
 
 
Dean Moriarty
8  Dean Moriarty    one month ago

Huge gains today with the Dow up almost 1300 points a five percent gain for the day. 

 
 
 
Sunshine
8.1  Sunshine  replied to  Dean Moriarty @8    one month ago

Broke a record too for single day gain, but we will not hear a peep about that.

 
 
 
JohnRussell
8.1.1  author  JohnRussell  replied to  Sunshine @8.1    one month ago

Dow Jones has begun today down 800 points. 

 
 
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