Stocks crater under coronavirus concerns as volatility haunts Wall Street

Stocks crater under coronavirus concerns as volatility haunts Wall Street | TheHill

Stocks closed with steep losses Thursday after coronavirus fears claimed nearly all of the gains from a colossal Wednesday rally.

The Dow Jones Industrial Average closed with a loss of 969 points, a 3.6 percent drop that nearly erased a 1,173-point Wednesday surge driven by soaring health care shares. The S&P 500 closed with a loss of 3.4 percent, while the Nasdaq composite closed 3.1 percent down.
==========================================================
What 401(k)? Kiss Trump's donkey goodbye in Nov.

JacksinPA said:

Stocks crater under coronavirus concerns as volatility haunts Wall Street | TheHill

Stocks closed with steep losses Thursday after coronavirus fears claimed nearly all of the gains from a colossal Wednesday rally.

The Dow Jones Industrial Average closed with a loss of 969 points, a 3.6 percent drop that nearly erased a 1,173-point Wednesday surge driven by soaring health care shares. The S&P 500 closed with a loss of 3.4 percent, while the Nasdaq composite closed 3.1 percent down.
==========================================================
What 401(k)? Kiss Trump's donkey goodbye in Nov.

Click to expand...

The feds might lower interest rates another .25 then see what happens, then another .25. Once the interest rates go into a negative, that's when we're going to see a complete financial disaster.

HumblePi said:

The feds might lower interest rates another .25 then see what happens, then another .25. Once the interest rates go into a negative, that's when we're going to see a complete financial disaster.

Click to expand...

Then we can kiss our own donkey's goodbye.

JacksinPA said:

Stocks crater under coronavirus concerns as volatility haunts Wall Street | TheHill

Stocks closed with steep losses Thursday after coronavirus fears claimed nearly all of the gains from a colossal Wednesday rally.

The Dow Jones Industrial Average closed with a loss of 969 points, a 3.6 percent drop that nearly erased a 1,173-point Wednesday surge driven by soaring health care shares. The S&P 500 closed with a loss of 3.4 percent, while the Nasdaq composite closed 3.1 percent down.
==========================================================
What 401(k)? Kiss Trump's donkey goodbye in Nov.

Click to expand...

Just great! Lets destroy the stock market because you idiots think that will hurt the president.
What kind of lunacy is this?

JacksinPA said:

Then we can kiss our own donkey's goodbye.

Click to expand...

Yeah really, as the saying goes 'this **** is getting real'. Seriously, this mess with coronavirus has started a ball rolling that was just about ready to roll downhill on its own anyway, just not this far downhill. The coronavirus has put a tight grip on the throat of commerce around the world. If the threat of the virus disappeared tomorrow, the stock market would rebound although I don't know if it would go back to the levels of the pre-virus panic too soon.

I have a feeling this isn't going to end soon and we haven't seen the bottom yet. People are nervous and the shelves in Walmart that have all the cold and flu medications are emptying out quickly. People want to be ready, I can't blame them for that. It's a good time to keep some spare cash on hand in the meantime.

Common Sense 1 said:

Just great! Lets destroy the stock market because you idiots think that will hurt the president.
What kind of lunacy is this?

Click to expand...

The lunacy is the extreme victim complex you present.

HumblePi said:

The feds might lower interest rates another .25 then see what happens, then another .25. Once the interest rates go into a negative, that's when we're going to see a complete financial disaster.

Click to expand...

The idea that a 50 basis point cut will do anything is absurd. Fed cuts are supposed to spur growth. This is not a growth issue.

Common Sense 1 said:

Just great! Lets destroy the stock market because you idiots think that will hurt the president.
What kind of lunacy is this?

Click to expand...

It's YOU IDIOTS that believe such horse****. Don't you think that WE have 401k retirement plans that rely on a positive stock market? Don't you think that WE have jobs that are connected to commerce like aircraft industry, travel, manufacturing, hotel and restaurant, etc!?? Don't you think that WE have the same fears of a falling stock market as YOU do? Do you really believe that anyone could be so stupid as to rejoice at this economic disaster that's transpiring?

WTF is wrong with you? You have no common sense, nothing, not a shred of it.

Common Sense 1 said:

Just great! Lets destroy the stock market because you idiots think that will hurt the president.
What kind of lunacy is this?

Click to expand...

Got any extra kool aid?

Common Sense 1 said:

Just great! Lets destroy the stock market because you idiots think that will hurt the president.
What kind of lunacy is this?

Click to expand...

If your fearless leader would just stfu and let the pros handle the situation.........btw, haven’t heard you cheerleading the stock market lately, you ok?

mrjurrs said:

The idea that a 50 basis point cut will do anything is absurd. Fed cuts are supposed to spur growth. This is not a growth issue.

Click to expand...

No, it's not. It's a bandaid solution to a problem bigger than what the Fed can fix.

HumblePi said:

Yeah really, as the saying goes 'this **** is getting real'. Seriously, this mess with coronavirus has started a ball rolling that was just about ready to roll downhill on its own anyway, just not this far downhill. The coronavirus has put a tight grip on the throat of commerce around the world. If the threat of the virus disappeared tomorrow, the stock market would rebound although I don't know if it would go back to the levels of the pre-virus panic too soon.

I have a feeling this isn't going to end soon and we haven't seen the bottom yet. People are nervous and the shelves in Walmart that have all the cold and flu medications are emptying out quickly. People want to be ready, I can't blame them for that. It's a good time to keep some spare cash on hand in the meantime.

Click to expand...

I mentioned elsewhere that I'd been out over the weekend and more than 75% of the people's carts had water, antibacterial soaps, but no hand sanitizer because it was almost impossible to find. Yesterday I went out to grab a few things and noticed one of the stores that had bare shelves for hand sanitizer previously, now had it in at least two locations. I went out today for a car wash and stopped by that same store today. Water completely sold out and not a scrap of hand sanitizers to be found. The did still have soap. Didn't check the bleach or lysol areas.

And the fun part was learning the couple standing behind me had just come from Washington last week and live about an hour away from the nursing home with all the deaths. I thought the woman in front of me with the 25+ bottles of Antibacterial soap (wearing a paper mask) was going to run out of the store when she overheard that. Which of course begs the question could those people be carriers, and were we all exposed? I've done minimal prep and it is what it is. :shrug:

SkyFox76 said:

I mentioned elsewhere that I'd been out over the weekend and more than 75% of the people's carts had water, antibacterial soaps, but no hand sanitizer because it was almost impossible to find. Yesterday I went out to grab a few things and noticed one of the stores that had bare shelves for hand sanitizer previously, now had it in at least two locations. I went out today for a car wash and stopped by that same store today. Water completely sold out and not a scrap of hand sanitizers to be found. The did still have soap. Didn't check the bleach or lysol areas.

And the fun part was learning the couple standing behind me had just come from Washington last week and live about an hour away from the nursing home with all the deaths. I thought the woman in front of me with the 25+ bottles of Antibacterial soap (wearing a paper mask) was going to run out of the store when she overheard that. Which of course begs the question could those people be carriers, and were we all exposed? I've done minimal prep and it is what it is. :shrug:

Click to expand...

I think that we're all going to be staying home a bit more and avoiding crowds. I heard that the casinos revenues have dropped drastically. I'm not surprised at that. It's actually pretty simple to make homemade hand sanitizer. All it takes is a few ingredients. You have to start with alcohol of course, at least 60% of a home batch should be alcohol. Mix it up with some aloe vera gel or glycerine and add a few drops of whatever you like either peppermint oil, lavender oil, or something similar.

Wall Street is a bunch of schizophrenic psychopaths. From extreme greed (100) to extreme fear (0). Money changers should be treated in special institutions by people in white with kind attentive eyes. Instead capitalism gave them the planet to plunder.

Ringo Stalin said:

Wall Street is a bunch of schizophrenic psychopaths.

Click to expand...

Any reasonable person would say that this is at best hyperbolic and worst a boldfaced lie.

Ringo Stalin said:

From extreme greed (100) to extreme fear (0).

Click to expand...

Greed defines an excess with respect to an virtuous middle ground. To "measure" greed you have to define two things: (1) what would be the corresponding virtue and (2) what metric do you use to define a quantifiable notion of distance? That could give you a measurement of greed over time, such as the one you apparently provided here without references or comments about the methodology. As a sidenote, fear isn't the antithesis of greed. If greed is pursuing personal gains in excess of what is desirable, abnegation would be the other pole of that spectrum, not fear.

Ringo Stalin said:

Money changers should be treated in special institutions by people in white with kind attentive eyes.

Click to expand...

And the colors of dictatorship comes roaring back...

Ringo Stalin said:

Instead capitalism gave them the planet to plunder.

Click to expand...

Atually, capitalism enriched billions of people and nearly eliminated extreme poverty from the face of the Earth. Opposite those achievements stand communism, an ideology that thus far only created misery. There isn't a single example of a successful communist revolution that didn't turn absolutely genocidal. You're at a 100% strike rate of absolute nightmarish dystopias.

NATO Secretary General Stoltenberg expressed hope that in the face of a pandemic, the alliance countries will not reduce their defense spending.
Worries that because of the threat of real danger, sheep will no longer be afraid of the fictional danger. The futility of NATO has never been more obvious