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Thread: Stocks drop again after failing to rebound from Monday's plunge

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    Default Stocks drop again after failing to rebound from Monday's plunge

    Stocks continued their rout Tuesday as diving bond yields raised more concern that the global economy is slowing significantly because of the spreading coronavirus. The 10-year Treasury yield hit a record low as the Dow Jones Industrial Average added to Monday’s 1,000-point drop.

    After sinking more than 900 points, the Dow was down more than 700 points, hitting session lows as health officials gave new warnings about the possibility of a greater coronavirus spread in the U.S. The S&P 500 sank 2.5%, while the Nasdaq fell 2.1%. The Dow gained at the open before the selling returned. At one point the average was up more than 180 points. Monday’s session was the market’s worst in two years.

    These declines put the Dow and S&P 500 more than 6% below the record highs reached earlier this month. The Nasdaq is trading 7.5% below its all-time high of Feb. 19.

    https://www.msn.com/en-us/money/mark...PmV?li=BBnbfcL



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    Since the start of the Russia Tax Cut on 1/2/18, the DJIA has grown at its slowest pace since the Great Recession:

    DJIA 1/2/18: 24,824
    DJIA 2/25/20: 27,132
    +2,308
    +9% over 25 months.

    That is the worst market growth in a decade.
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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    A 1500 point drop in two days months after the virus has been in the headlines is not caused by that virus. The fundamentals would have to be pretty weak to allow that to happen.
    4,487

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    Quote Originally Posted by signalmankenneth View Post
    Stocks continued their rout Tuesday as diving bond yields raised more concern that the global economy is slowing significantly because of the spreading coronavirus. The 10-year Treasury yield hit a record low as the Dow Jones Industrial Average added to Monday’s 1,000-point drop.

    After sinking more than 900 points, the Dow was down more than 700 points, hitting session lows as health officials gave new warnings about the possibility of a greater coronavirus spread in the U.S. The S&P 500 sank 2.5%, while the Nasdaq fell 2.1%. The Dow gained at the open before the selling returned. At one point the average was up more than 180 points. Monday’s session was the market’s worst in two years.

    These declines put the Dow and S&P 500 more than 6% below the record highs reached earlier this month. The Nasdaq is trading 7.5% below its all-time high of Feb. 19.

    https://www.msn.com/en-us/money/mark...PmV?li=BBnbfcL


    Get ready, when it returns, which it will at some point as the world economies adjust, you are going to hear nothing but praises and accolades from Trump and the Trumpkins on how he bought it back, expect him to take full credit

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    Quote Originally Posted by Jarod View Post
    A 1500 point drop in two days months after the virus has been in the headlines is not caused by that virus. The fundamentals would have to be pretty weak to allow that to happen.
    So a spreading virus and announcement of a potential outbreak in the U.S. should have been priced into the market two months ago?

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    Quote Originally Posted by cawacko View Post
    So a spreading virus and announcement of a potential outbreak in the U.S. should have been priced into the market two months ago?
    Partially, and it should not cause a healthy market to react this badly, there is more going on here. How did it react to SARS?
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    Quote Originally Posted by Jarod View Post
    Partially, and it should not cause a healthy market to react this badly, there is more going on here. How did it react to SARS?
    You should let the investors know that all worst case scenarios should be priced into markets the day anything is announced.

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    Quote Originally Posted by cawacko View Post
    So a spreading virus and announcement of a potential outbreak in the U.S. should have been priced into the market two months ago?
    You would have thought the Market would have recognized the virus effect on the Chinese economy and China's economy being the second largest in the world that it would have a ripple effect down the road

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    Quote Originally Posted by cawacko View Post
    You should let the investors know that all worst case scenarios should be priced into markets the day anything is announced.
    Someone said that?
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    Quote Originally Posted by Jarod View Post
    A 1500 point drop in two days months after the virus has been in the headlines is not caused by that virus. The fundamentals would have to be pretty weak to allow that to happen.
    How's that Obama economy now, n-lover?

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    Quote Originally Posted by archives View Post
    You would have thought the Market would have recognized the virus effect on the Chinese economy and China's economy being the second largest in the world that it would have a ripple effect down the road
    So again, on day one the market should have priced in that in two months the former CDC director would be talking about the disease being a pandemic and warming of "severe" disruptions?

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    Quote Originally Posted by cawacko View Post
    So again, on day one the market should have priced in that in two months the former CDC director would be talking about the disease being a pandemic and warming of "severe" disruptions?
    No, you keep putting words in my mouth. Desperate much?
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    Quote Originally Posted by Jarod View Post
    No, you keep putting words in my mouth. Desperate much?
    You also post as archives? Interesting.

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    Quote Originally Posted by cawacko View Post
    You also post as archives? Interesting.
    ?
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    Quote Originally Posted by cawacko View Post
    You also post as archives? Interesting.
    He posts under several profiles.

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