Doomer Doug
TB Fanatic
The famous 1987 crash was 500 points, or some 20 Percent of the total. 5 % today, plus whatever earlier, plus Russia/Turkey, plus the Cina Plague, and we got ourselves a bona fide CRISIS, Doc Fungcool.
Zerohedge update:Zerohedge is reporting the WH is calling an emergency press conference over the plunge.
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Ino.com has Dow futures +103.
Rally Friday? At least they're positive for now...
Oooh, good point. Forgot about that.That makes the fair market open at -179. In other words the futures have to be up 283 to open flat
Europe in the red across the board .
At 4:30 a.m est the implied open will be around 750 pts to the downside.
Europe in the red across the board .
At 4:30 a.m est the implied open will be around 750 pts to the downside.
They absolutely must get a handle on this today. Going into a long weekend that is going to be full of destabilizing news and they can’t risk having yet another huge down day. If today blows out then that is it and they are not going to be able to re-inflate imo.
The economy and banking system are not going to crash because of Covid-19 but the virus and economic fallout from it are going to be the straw that breaks the camel’s back or the snowflake that starts the avalanche.
What exactly does that represent?Look at the VIX. WOW!!! CBOE Volatility Index
Selloff is worldwide....losses in the trillions
What exactly does that represent?
Yes. And why pray tell is silver diving?So" investors" are exiting the stk mkt and apparently driving up bond "values".
The precious metals have plateaued with gold hovering around 1640 level.
I would of thought it (gold ) would be climbing ,big time.
GGK
I would venture a guess that silver consumption is down due to tech manufacturing somewhere near stopped.Yes. And why pray tell is silver diving?
The economy and banking system are not going to crash because of Covid-19 but the virus and economic fallout from it are going to be the straw that breaks the camel’s back or the snowflake that starts the avalanche.
I was in the options/futures business for 30+ years. You don't quadruple off the lows (08) without a pullback. This mkt is driven by paper mache garbage. The fact companies have been borrowing money for share buybacks just makes these moves all the more violent. The algo driven computers shut off in these conditions and therefore limit liquidity (think bids and offers). I saw it in the flash crash. That was something. Was there in 87 too. The boards were 1 1/2 hours late. The NYSE did 630 million shares that day. Child's play compared to now.
They absolutely must get a handle on this today. Going into a long weekend that is going to be full of destabilizing news and they can’t risk having yet another huge down day. If today blows out then that is it and they are not going to be able to re-inflate imo.
The economy and banking system are not going to crash because of Covid-19 but the virus and economic fallout from it are going to be the straw that breaks the camel’s back or the snowflake that starts the avalanche.
Long-term, I can see all kinds of follow-on effects if the virus actually takes out a significant percentage of our elderly. Things like a drop in housing prices (glut on the market and lower demand). Lower demand for some kinds of home medical equipment. What other long-term effects seem likely?
Kathleen
Your line of thinking is spot on! Classic cars and motorcycles will take a hit.