Stock Market update: Everybody panic!

[mapuc]

Looks very good indeed.

People is hoarding and business is panicking

Markus

[Aktungbby]

Originally Posted by Onkel Neal

It's every man for himself in the markets.

Being extremely stingy and conservative by nature, my account has a standing lockdown order at 5% decline which has just triggered for the second time in three years! This freezes the account which stems from an inheritance, which I essentially just preserve for my offspring in turn, so my instructions to the broker were simple & direct: "u don't have to make anything... just don't lose anything." My wife and brothers' accounts are much riskier, w/o the stop-loss...and boy, I'm hearing about it!

[Onkel Neal]

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]

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

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.

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

[August]

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.

Yes and when it starts roaring back some smart investors are going to ride that wave. There are a lot of extremely undervalued stocks right now. Somebody with a little cash in his pocket stands to make a killing if he picks his moment right.

[Onkel Neal]

True, but it takes strong nerves

[Wasserfalke]

This too shall pass. Geez, I can't believe the lack of historical knowledge in our country. It sure can be discouraging. I'm not riding the Fear Porn roller coaster. I turn off the news when it comes on. I already know what they're gonna say anyway.

[Onkel Neal]

Originally Posted by Onkel Neal

Want to try and call the bottom?

I say 18,400.

19,410

[Skybird]

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]

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]

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]

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

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]

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]

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

[Jimbuna]

Originally Posted by Moonlight

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.

QFT