Within minutes.Yeah, we dropping below 20k today and probably within the hour.
no one knows. That's what makes this so exciting*.Is there any reason to believe the market will even hit a bottom sooner than later?
I mean, the full effects of the virus aren't known yet in terms of financials and earnings, I find it hard to believe that everything is "priced in" like many people like to say.
My point is, I've seen people say in many places expect a bottom around 17k but what's preventing the virus from continually fucking up the economy beyond that 17k point?
The whole world is fighting at the moment just to contain the virus. Treating it (or even finding a cure/vaccination) and getting the economy back on track is a thing that could take months. A vaccine could even take more than a year, who knows?
no bounce until we hit bottom
disney has basically been moving in line with the Dow Jones.
It will still likely fall more, but if you are worried about missing out you could buy some now. in 2-3 years it will likely be back up in the $130s or so.
I think it's highly dependent on how long movie theaters and their parks remain closed. If they cannot re-open this year, that's going to start scarring investors imo, and be super expensive (in terms of not bringing in all that revenue).
Disney vacations went from costing like 500-1k/night on average, to probably fire sale levels if this goes on past the summer.
it could change yes, but even when disney announced closing its parks it still went up around the same amount as the Dow did.
This.There's no dead cat because there's no economy in the world right now tbh. As long as there is liquidity, money will leave the system until the world-freeze going on stops.
Elon is being fucking dumb today. Confidence killer.
I'd say it'd take a bit longer than that, but who knows.So are we gonna be HALF of what the dow was at its peak, in a week?
Just keep the "dow almost 20k" hat on.
Since we're not close to seeing the full extent of the pandemic the markets will fall a lot more before they turn around.
I wonder if they wait to declare a curfew until the weekend because markets will absolutely freak outThis is going to be some day, isn't it.
Can't imagine the damage by Friday.
Wouldn't be shocked if the market is locked down by Friday at this rate. Although I'm sure that has a whole other set of complications.This is going to be some day, isn't it.
Can't imagine the damage by Friday.
It's going to be closed. There's no way baby Trump lets the stock market's freefall before he stops trading altogether. I expect it will happen this week.This is going to be some day, isn't it.
Can't imagine the damage by Friday.
What are the implications of trading being halted altogether? What happens then?It's going to be closed. There's no way baby Trump lets the stock market's freefall before he stops trading altogether. I expect it will happen this week.