Holy shit. We'd really be in a Great Depression 2.0
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Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
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And I really doubt its the worst either. If we don't handle it properly or immunity doesn't last as long as we think and end up having waves of deaths all year when we relax restrictions I'm pretty sure traditional retail is dead and buried.
Likely going down, but since futures are thinly traded it is likely to go up or down based on Trumps upcoming press conference.
As time goes on, the benefits of the shutdown halting the spread is going to be harder and harder to justify. Completely destroying the world economy vs saving a percentage of lives is going to be a tough decision.
OP
OP
How do you know that simply letting it spread, taxing the healthcare industry far beyond capacity and letting millions die 'more quickly' wouldn't have had the same ultimate impact on the economy?
OP
OP
Jobless claims is a weekly report. With how it's reported I dont think that report really paints a full picture so the unemployment number on the first friday is typically a lot more important. I should say though that any number are going to be scrutinized right now.
Soon we will be seeing really low numbers and this guy as a baby wearing a DOW number hat.
Maybe we could both agree that Fed members shouldn't be going out there publicly talking about any potential outcomes, good or bad, with such specificity right now given the incredible amount of fluidity in the situation.
Their job right now is to keep things running as smoothly as possible and some of that involves doing things quietly. Panicking people by publicizing your internal scenarios makes that job harder. You can still stress how bad it is without being as specific. Save that for the government agencies that are working on the problem.
When the futures limit down you can use the futures of other indexes that don't shut off as a proxy for how the U.S. futures would still be moving. They're correlated enough to still give useful information. For instance I'm looking at the Nikkei futures which are down 7% to see what the S&P futures would be like if they weren't halted.
True, but also it's worth discussing outcomes and how we feel those responsible should handle/respond to them.
I'll be shocked if we don't get one within the first hour. Prior to today, the fastest futures limit down was like 35 minutes. We just hit it in less than 4.
Of course, if they announce that stimulus vote it might buy some time.
I don't and neither do you, that's my point. Its a tough decision the government will have to make. The economic repurcussions could be just as deadly or more so as the actual virus.
Ugh...I don't know anything about investing. All I have is a decent savings account, but I have no idea what to do with it. Should I withdraw most of it and put it under my mattress? Invest most of it in the market? I'm scared and clueless (not a good combination).
I think opening will be rocky but not halt on optimism that an agreement will be reached in Congress.
I predict an agreement won't be reached and then the stock market will crash hard in the last minutes of trading.
OP
OP
Insured if a brokerage firm goes under....that's a different question. There is no protection against losses in the market place
I thought the question was just a regular bank savings account. If you have sold everything and are not interested in investing any time soon, maybe move it back into your regular bank account?
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