Dow futures drop nearly 700 points as coronavirus spread stirs fears of global economic impact

Sweet jesus … S&P 500 futures trading briefly HALTED tonight...

https://www.nasdaq.com/articles/sto...es-when-sp-500-circuit-breakers-would-kick-in


Looks like another wild one on Monday...

 

Elk Grove School District in California is closed. 64,000 students.

 

Who on Earth is going to buy stock in this environment? Where's the floor? 22,000? 20,000? You can almost hear the machinery of the world economy stripping its gears.

 

This post is hilarious, and it's only a week old.

 

Why?

 

Because "everyone" expecting a bounce back was woefully incorrect at the time and proving extremely wrong in hindsight.

 

All future US indices are down at least 4.5% (~1200 points for the DOW).

The Nikkei has fallen 6% today, alone.

 

Because the market is imploding at the moment. Trading's already been suspended in the futures market and the Nikkei. It will probably be halted again tomorrow, when the sell orders come rushing in.

 

The market always goes back up. How long it will take is the only question, hence the speculation.

 

Okay. Do you think this will go on forever?

 

Then your point was trivial and lame. You might as well have posted "the sun will rise tomorrow". Yes, the market will eventually recover. The question is, what is it going to do in the near-term? It's going to crater. It's already underway. Your sunny optimism looks positively quaint now, like a sepia toned photo from 100 years ago.

 

Down here, the stock market has lost 6% in the last 24 hours.

 

It was an answer to a question. I was purposefully vague because anything else is speculative.

It’s not my fault teaching is a low paying, unsatisfying job. If you want clarification, ask. If you want to be bitter, go away.

 

You don't have to be purposefully vague. Nobody cares here how speculative you are. Be as speculative as you want. I expect the market to take years to to come back to 29,000. What say you?

 

I have no idea. I’d be inclined to agree and say it could take 3-4 years. Bond yields are down which tells me a lot of investors have sold and used that money for risk free returns. Still, last week's volatility tells me that this wasn't a typical sell-off.

You said years, is that or is it not speculation? Because if you agree that it is, then my answer to Andrew Jackson's question is valid.

 

https://www.abc.net.au/news/2020-03...pening-since-global-financial-crisis/12038162

 

Fair enough. I shouldn't have made fun.

 

Looks like it will be another rough ride today. Fasten your seatbelts!

 

Looks like marketwatch.com has crashed.

Trading briefly STOPPED after Dow bleeds nearly 1,900 points at the open...

 

IOW, time to buy some more bargain basement stocks.

 

Who get greedy when people panic.

 

And bonds are not "risk free".

 

Wasn't it time to buy 3000 points ago?

 

It was. It still is.

 

So it makes no difference whether the index is going up or down. Glad you're not like those posters, who all seem to be Trump supporters, posting "now is a great time to buy" or "buy, buy, buy" because the index drops 1%, or think that they can time the market