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CNBC: Stock market being halted for 15 min to combat dramatic 7% plunge of stocks, DOW and S&P 500

Rivenblade

Rivenblade

Member
Nov 1, 2017
37,120
tabris said:
Holy shit, crude oil down to 33 cents - that's a loss over 18%. Canadian dollar down an entire cent in a couple hours.
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US federal bank set to probably reduce interest rates after releasing numbers on March 18th. Canadian federal likely to follow suit on April 15th. I only know this because my mortgage is up for renewal and from a home-buying or mortgage-renewal perspective, late April/early May is going to be THE time to lock shit down for 5 years fixed.
 
Pandora012

Pandora012

Moderator
Oct 25, 2017
5,495
Rivenblade said:
This makes more sense to me. Thanks. I dunno, I just wonder if you're a billionaire business owner and you've been seeing record returns, how you don't have some money saved up for these types of emergency situations so that you DON'T have to hurt your employees or can at least minimize the impact.
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Because, investing in your people is unfortunately a rare thing here. Remember when some where hitting those crazy highs, yet still decided to downsize? It's all about the shareholders....now these shareholders are in danger.
 
Dust

Dust

C H A O S
Member
Oct 25, 2017
32,169
Stock market exposed as one giant meme.
gettyimages-139800249.jpg
 
OP
OP

BAD

Member
Oct 25, 2017
9,565
USA
Rivenblade said:
This makes more sense to me. Thanks. I dunno, I just wonder if you're a billionaire business owner and you've been seeing record returns, how you don't have some money saved up for these types of emergency situations so that you DON'T have to hurt your employees or can at least minimize the impact.
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Pandora012 said:
Because, investing in your people is unfortunately a rare thing here. Remember when some where hitting those crazy highs, yet still decided to downsize? It's all about the shareholders....now these shareholders are in danger.
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Yeah feels like every few months we hear a company is doing layoffs after hitting record profits. The rich do not care at all about anyone but the rich.
 
Ziltoidia 9

Ziltoidia 9

Member
Oct 25, 2017
6,141
We wouldn't have this many wide swings if the stock market was more attainable for average people. Instead like 10% of the US population owns a vast majority of stocks and those few amount of people get to determain what "the market" is.
 
Rivenblade

Rivenblade

Member
Nov 1, 2017
37,120
Pandora012 said:
Because, investing in your people is unfortunately a rare thing here. Remember when some where hitting those crazy highs, yet still decided to downsize? It's all about the shareholders....now these shareholders are in danger.
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All I'm reading here is "capitalism is a cruel cruel system." :(

...while understanding that some version of it is the best we've got.
 
RedSonja

RedSonja

Member
Oct 29, 2017
1,131
2020. What an interesting year already. Like a Roland Emmerich movie without any special effects and a better script.
 
jonamok

jonamok

Member
Oct 28, 2017
2,116
Trump squirming is the best bit of any impending market crash. If this is what brings his ass down, then it's not all bad.
 
Zutrax

Zutrax

Member
Oct 31, 2017
4,191
So as someone who knows literally nothing about stock investing, I assume around now is the time I should dump my life savings into it?
 
Wraith

Wraith

Member
Jun 28, 2018
8,892
BWoog said:
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If this turns out to be longer than a short-term spat between OPEC and Russia, and oil prices stay low for several months, what are the odds Trump executive-orders billions in bailout money for American oil companies? (I mean, billions more than they normally receive.)
 
tabris

tabris

Member
Oct 27, 2017
4,235
Zutrax said:
So as someone who knows literally nothing about stock investing, I assume around now is the time I should dump my life savings into it?
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Stock markets will go lower, this is a fear reaction to the legitimate recession that is going to occur. There will be significant global productivity declines and some industries will dry up for a while.

The evaluation when in a recession is - is your job secure enough in a recession that you feel confident you won't need that savings to whether it - if so, buy buy buy (when the real recession hits).

But really evaluate that closely - think the impact 2008 had on the company you work for. If they drop 20-25% of their staff, will you be good?
 
hurlex

hurlex

Member
Oct 25, 2017
3,143
We really need to make social security stronger. Too many people have their retirement tied to a casino.
 
VariantX

VariantX

Member
Oct 25, 2017
16,880
Columbia, SC
GK86 said:


twitter.com

Christina Wilkie on Twitter

“Trump will spend the day at a campaign fundraiser in Florida. No other events on his schedule. $4 million total to be raised at a lunch with 250 attendees. So as U.S. markets tank, oil prices plunge and the #coronavirus spreads ... Trump is fundraising.”
twitter.com twitter.com
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Well, thats because he doesn't want to lose the protections of the office should he lose the election and go to fucking jail for all the highly illegal shit hes done before and after entering office. He ain't worried about shit except reelection and I'm wondering why anyone is surprised at this point.
 
Hogger

Hogger

Member
Nov 18, 2017
1,292
Really regretting dumping so much into my brokerage account over the past 2 years.
 
SunBroDave

SunBroDave

Member
Oct 25, 2017
13,146
So this will be the second time in 20 years that a Republican president makes a big mess and causes a recession that the incoming Democratic president has to clean up
 
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