Stock Market update: Everybody panic!

AVGWarhawk · 03-12-20, 11:44 AM

Quote:

Originally Posted by Onkel Neal

So; this is like 2008, possibly. Stocks are down but should we assume that in 6 months - 2 years this virus will run its course, businesses will recover even grow from pent up demand?

If you put $10,000 into a stock today that is selling @ $20, if/when it returns to its normal value @ $60, then you triple your money. We saw this in 2008-2011.

If you have the stomach for the risk. If it does not work out, there's no one to complain to. It's every man for himself in the markets.

2008 the Dow dropped to 6600. Then went to 29000 in the past year. This market will roar back. The computer traders are in a frenzy. Media is driving the panic.

Rufus Shinra · 03-12-20, 12:02 PM

Worst day in History for the French stock exchange's main index CAC 40, British and German ones had their worst day in more than 30 years. I guess I'd buy Airbus stock if I had cash at hand.

Skybird · 03-12-20, 12:09 PM

Markets closed, second worst day in its history for the German DAX. in the end it lost over 12% today.

Buddahaid · 03-12-20, 12:09 PM

"The system is not really geared to what we need right now... let's admit it," said Dr Anthony Fauci from the National Institute of Allergy and Infectious Diseases."

https://www.bbc.com/news/world-us-canada-51860529

Skybird · 03-12-20, 12:11 PM

Quote:

Originally Posted by AVGWarhawk

2008 the Dow dropped to 6600. Then went to 29000 in the past year. This market will roar back.

Which tells something on how really unreal it is. No real economy wins and looses value by severla factors this fast - except bombs wipe it out in war.

mapuc · 03-12-20, 12:12 PM

Looks very good indeed.

People is hoarding and business is panicking

Markus

Onkel Neal · 03-12-20, 05:02 PM

Quote:

Originally Posted by AVGWarhawk

2008 the Dow dropped to 6600. Then went to 29000 in the past year. This market will roar back. The computer traders are in a frenzy. Media is driving the panic.

Want to try and call the bottom?

I say 18,400.

Mr Quatro · 03-13-20, 03:49 PM

Sonar/Conn "Cancel the bottom coming up too fast"

Quote:

The Dow Jones Industrial Average closed up 1,985 points, or 9.3%. The S&P 500 and Nasdaq also surged 9.3%. The averages posted their biggest one-day gains since October 2008.

Quote:

Equities rallied to their session highs after President Donald Trump also said 50,000 new coronavirus tests will be available next week. Trump also said he asked the Energy Department to purchase oil for the U.S. strategic petroleum reserve, boosting oil prices.

Stocks surged on the possibility of fiscal stimulus from the U.S. government and others around the world.

https://www.msn.com/en-us/money/mark...FMf?li=BBnb7Kz

Onkel Neal · 03-18-20, 12:18 PM

Quote:

Originally Posted by Onkel Neal

Want to try and call the bottom?

I say 18,400.

19,410

Skybird · 03-18-20, 03:55 PM

Quote:

Originally Posted by Onkel Neal

19,410

Run this - LINK -via Google Translator, or see if you get the meaning without it. Its in German. Its thorough.

When Mr. Corona has crunched its way through our economic-fincial civilization form one side to the other and then it done with us, we maybe will be lucky if there even is a money system left.

The damages from the fiscal and debts crisis and the ruinous state finances were too big as if this shaking system could digest Corona happening to it.

50:50 at least that it all implodes. Or that we wake up to a totalitarian and strong state with a system not much different than China. I fear the economic aftermath of Corona more thna Corona itself. Thats why I said several days ago already that this virus desaster is bigger than WW2 and maybe the biggest game changer in the history of the past 200 years or longer. And by being that, ti could be the catapult that throws Asia to the very top of the very new global order. Its possible.

A civilizational collapse I talk of, not with zombies, but with maximum system and rule change. A complete replacement.

mapuc · 03-18-20, 04:05 PM

In this crisis-read it as economical drought
The government, in your country, will take money from the poor and the elders and give it to the poor rich people.

Markus

Catfish · 03-18-20, 04:17 PM

Quote:

Originally Posted by mapuc

In this crisis-read it as economical drought
The government, in your country, will take money from the poor and the elders and give it to the poor rich people. Markus

So true, I always wondered why the majority of people vote against their interests

The joke is that just of all a lot of real rich people here say that the taxing system in Germany is a joke, and that they would be willing to pay more taxes voluntarily. No, not a joke.

Well, this was before Corona.

Onkel Neal · 03-18-20, 04:25 PM

Quote:

Originally Posted by Catfish

So true, I always wondered why the majority of people vote against their interests

The joke is that just of all a lot of real rich people here say that the taxing system in Germany is a joke, and that they would be willing to pay more taxes voluntarily. No, not a joke.

Well, this was before Corona.

Not sure what you mean, why the majority of people vote against their interests

Quote:

Originally Posted by Skybird

Run this - LINK -via Google Translator, or see if you get the meaning without it. Its in German. Its thorough.

When Mr. Corona has crunched its way through our economic-fincial civilization form one side to the other and then it done with us, we maybe will be lucky if there even is a money system left.

The damages from the fiscal and debts crisis and the ruinous state finances were too big as if this shaking system could digest Corona happening to it.

50:50 at least that it all implodes. Or that we wake up to a totalitarian and strong state with a system not much different than China. I fear the economic aftermath of Corona more thna Corona itself. Thats why I said several days ago already that this virus desaster is bigger than WW2 and maybe the biggest game changer in the history of the past 200 years or longer. And by being that, ti could be the catapult that throws Asia to the very top of the very new global order. Its possible.

A civilizational collapse I talk of, not with zombies, but with maximum system and rule change. A complete replacement.

hey! Now you're starting to worry me

Moonlight · 03-18-20, 05:49 PM

Quote:

Originally Posted by Onkel Neal

Not sure what you mean, why the majority of people vote against their interests

Its quite simple old boy, take Brexit for instance, people were so fed up with it all that they went against their Labour party beliefs and voted for the Tory party just to get it over and done with.

mapuc · 03-18-20, 05:53 PM

See it this way.

Yesterday you had the party of the century-it started around noon and went on far past midnight, it was almost daylight when your first party guest left.

It's now afternoon and you just woke with a hangover never felt before
And you do not dare enter your living room and your kitchen, ´cause you are afraid of what have been destroyed and what could be missing.

Markus

03-12-20, 12:09 PM	#3
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,680 Downloads: 10 Uploads: 0	Markets closed, second worst day in its history for the German DAX. in the end it lost over 12% today. __________________ If you feel nuts, consult an expert.

03-12-20, 12:09 PM	#4
Buddahaid Shark above Space Chicken Join Date: Jun 2008 Posts: 9,331 Downloads: 162 Uploads: 0	"The system is not really geared to what we need right now... let's admit it," said Dr Anthony Fauci from the National Institute of Allergy and Infectious Diseases." https://www.bbc.com/news/world-us-canada-51860529 __________________ "However vast the darkness, we must provide our own light." Stanley Kubrick "Tomorrow belongs to those who can hear it coming." David Bowie

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03-12-20, 12:02 PM	#2
Rufus Shinra Soundman Join Date: Oct 2017 Location: The land of the free with a glorious military history (France) Posts: 141 Downloads: 15 Uploads: 0	Worst day in History for the French stock exchange's main index CAC 40, British and German ones had their worst day in more than 30 years. I guess I'd buy Airbus stock if I had cash at hand.

03-12-20, 12:12 PM	#6
mapuc CINC Pacific Fleet Join Date: Sep 2003 Location: Denmark Posts: 20,543 Downloads: 37 Uploads: 0	Looks very good indeed. People is hoarding and business is panicking Markus

03-18-20, 04:05 PM	#11
mapuc CINC Pacific Fleet Join Date: Sep 2003 Location: Denmark Posts: 20,543 Downloads: 37 Uploads: 0	In this crisis-read it as economical drought The government, in your country, will take money from the poor and the elders and give it to the poor rich people. Markus

03-18-20, 05:53 PM	#15
mapuc CINC Pacific Fleet Join Date: Sep 2003 Location: Denmark Posts: 20,543 Downloads: 37 Uploads: 0	See it this way. Yesterday you had the party of the century-it started around noon and went on far past midnight, it was almost daylight when your first party guest left. It's now afternoon and you just woke with a hangover never felt before And you do not dare enter your living room and your kitchen, ´cause you are afraid of what have been destroyed and what could be missing. Markus