Foxx Posted March 15, 2020 Share Posted March 15, 2020 (edited) as i have said, i am afraid of what tomorrow may bring. Emini futures down limit 5% March, June and Sept all down 5% Edited March 15, 2020 by Foxx Link to comment Share on other sites More sharing options...
Foxx Posted March 15, 2020 Share Posted March 15, 2020 36 minutes ago, Buffalo_Gal said: Sunday? Unprecedented btw, glad to know you are back home, in the states. 4 1 Link to comment Share on other sites More sharing options...
TPS Posted March 15, 2020 Share Posted March 15, 2020 45 minutes ago, Foxx said: out of bullets now. unless of course, NIRP is also in the pipeline. Fed Cuts Main Interest Rate to Near Zero, to Boost Assets by $700 Billion It’s more for show than any real impact. The market may react positively but it will be the rate of growth in cases and deaths over the week that be the main mover. Link to comment Share on other sites More sharing options...
TPS Posted March 15, 2020 Share Posted March 15, 2020 1 hour ago, Buffalo_Gal said: Sunday? Unprecedented As @Foxx posted, futures were pointing to a big drop, so Fed Is trying to head it off. Link to comment Share on other sites More sharing options...
GG Posted March 16, 2020 Author Share Posted March 16, 2020 3 hours ago, TPS said: As @Foxx posted, futures were pointing to a big drop, so Fed Is trying to head it off. Your timeline is backwards. 1 Link to comment Share on other sites More sharing options...
Boatdrinks Posted March 16, 2020 Share Posted March 16, 2020 4 hours ago, TPS said: It’s more for show than any real impact. The market may react positively but it will be the rate of growth in cases and deaths over the week that be the main mover. The main mover will be all the draconian restrictions on business and daily life for the healthy and ( relatively ) young that cause the economy to tank . As has been brought up , the question perhaps should be why we aren’t just restricting the movement and activities of the aged and vulnerable. It doesn’t add up, and the economy is being destroyed for everyone else going forward. 1 Link to comment Share on other sites More sharing options...
TPS Posted March 16, 2020 Share Posted March 16, 2020 8 hours ago, GG said: Your timeline is backwards. Can't find it, but my twitter feed had some comments that "market signals were flashing red" before the rate cut was announced. Link to comment Share on other sites More sharing options...
TPS Posted March 16, 2020 Share Posted March 16, 2020 Btw, I won't be surprised if the markets are shut down at some point. Looks like the next month will be about simply getting through this.... 2 Link to comment Share on other sites More sharing options...
row_33 Posted March 16, 2020 Share Posted March 16, 2020 8 hours ago, GG said: Your timeline is backwards. That person only gives little tidbits of gossip, always negative 1 Link to comment Share on other sites More sharing options...
Foxx Posted March 16, 2020 Share Posted March 16, 2020 20 minutes ago, TPS said: Btw, I won't be surprised if the markets are shut down at some point. Looks like the next month will be about simply getting through this.... this was my thought as well. they should shut them down, only bad can come of leaving them open right now. which, i guess, the questions would then become, when do you reopen and what is the criteria? Link to comment Share on other sites More sharing options...
TPS Posted March 16, 2020 Share Posted March 16, 2020 9 hours ago, Boatdrinks said: The main mover will be all the draconian restrictions on business and daily life for the healthy and ( relatively ) young that cause the economy to tank . As has been brought up , the question perhaps should be why we aren’t just restricting the movement and activities of the aged and vulnerable. It doesn’t add up, and the economy is being destroyed for everyone else going forward. This is why... https://mobile.twitter.com/donmoyn/status/1239239417715396609 13 minutes ago, Foxx said: this was my thought as well. they should shut them down, only bad can come of leaving them open right now. which, i guess, the questions would then become, when do you reopen and what is the criteria? I don't think it should have anything to do with any economic criteria; it should be based on when we see the cases under control. Link to comment Share on other sites More sharing options...
GG Posted March 16, 2020 Author Share Posted March 16, 2020 1 hour ago, TPS said: Can't find it, but my twitter feed had some comments that "market signals were flashing red" before the rate cut was announced. A. Fed doesn't act upon tweets B. This type of action was weeks in the planning and final approval isn't instantaneous based on pre-market chatter. The markets are down and will continue to go down because you don't shut down 25% of the global economy and think there won't be a serious economic impact. Link to comment Share on other sites More sharing options...
Tiberius Posted March 16, 2020 Share Posted March 16, 2020 CORONAVIRUS U.S. stock futures dive as Fed action fails to mollify investors MARKETS UPDATES Access to these updates is free Dow projected to shed more than 1,000 points at open The steep futures declines suggest investors are scared the central bank might now be out of tools to guard against a recession. By Taylor Telford and Thomas Heath 16 minutes ago Link to comment Share on other sites More sharing options...
TPS Posted March 16, 2020 Share Posted March 16, 2020 18 minutes ago, GG said: A. Fed doesn't act upon tweets B. This type of action was weeks in the planning and final approval isn't instantaneous based on pre-market chatter. The markets are down and will continue to go down because you don't shut down 25% of the global economy and think there won't be a serious economic impact. Yes, I commented last night based on that, but you are correct. Ad for shutting down the economy, you can’t separate the two—it is being shut down because the number of cases is beyond control now. Time to shut it all down and stop the acceleration. Link to comment Share on other sites More sharing options...
GG Posted March 16, 2020 Author Share Posted March 16, 2020 15 minutes ago, TPS said: Yes, I commented last night based on that, but you are correct. Ad for shutting down the economy, you can’t separate the two—it is being shut down because the number of cases is beyond control now. Time to shut it all down and stop the acceleration. Will the cure be worse than the disease? 1 Link to comment Share on other sites More sharing options...
Tiberius Posted March 16, 2020 Share Posted March 16, 2020 Wow, just wow Panic selling Link to comment Share on other sites More sharing options...
RochesterRob Posted March 16, 2020 Share Posted March 16, 2020 3 minutes ago, Tiberius said: Wow, just wow Panic selling And you are taking no delight in this? You are not fantasizing about this damaging Trump? Link to comment Share on other sites More sharing options...
Tiberius Posted March 16, 2020 Share Posted March 16, 2020 1 minute ago, RochesterRob said: And you are taking no delight in this? You are not fantasizing about this damaging Trump? He's toast anyway. This will pass. Feel bad about people losing their jobs, though. That's tough. Well, except for Trump losing his Link to comment Share on other sites More sharing options...
TPS Posted March 16, 2020 Share Posted March 16, 2020 40 minutes ago, GG said: Will the cure be worse than the disease? Would you want to find out? Take a look at that graph on the two cities in Italy, one that shut down early and one that did not. Link to comment Share on other sites More sharing options...
row_33 Posted March 16, 2020 Share Posted March 16, 2020 15 minutes ago, RochesterRob said: And you are taking no delight in this? You are not fantasizing about this damaging Trump? why do you bother with this person? Link to comment Share on other sites More sharing options...
GG Posted March 16, 2020 Author Share Posted March 16, 2020 21 minutes ago, TPS said: Would you want to find out? Take a look at that graph on the two cities in Italy, one that shut down early and one that did not. It's not a free lunch, and the unintended consequences could be more severe. Watch out for the spikes in suicide rates, and possibly many more overdose deaths. Quote Chinese activists say domestic violence cases have risen dramatically as people across much of the country have been quarantined during the coronavirus outbreak. 2 Link to comment Share on other sites More sharing options...
3rdnlng Posted March 16, 2020 Share Posted March 16, 2020 1 Link to comment Share on other sites More sharing options...
Buffalo_Gal Posted March 16, 2020 Share Posted March 16, 2020 16 minutes ago, GG said: It's not a free lunch, and the unintended consequences could be more severe. Watch out for the spikes in suicide rates, and possibly many more overdose deaths. There will also be a baby boom in 9 months. 1 1 Link to comment Share on other sites More sharing options...
TPS Posted March 16, 2020 Share Posted March 16, 2020 4 minutes ago, GG said: It's not a free lunch, and the unintended consequences could be more severe. Watch out for the spikes in suicide rates, and possibly many more overdose deaths. Of course it's not a free lunch, and no person making decisions thinks so--It is cost-benefit. Do you really think the costs would be less if we went around doing business as usual? And it's not just those who get the virus, many needing any kind of critical care will not get it once the system hits capacity. It seems clear to me that the best course of action now--the one that will reduce the number of deaths intended or unintende--is to shut everything down like Wuhan and Lodi did. Link to comment Share on other sites More sharing options...
Tiberius Posted March 16, 2020 Share Posted March 16, 2020 2 minutes ago, TPS said: Of course it's not a free lunch, and no person making decisions thinks so--It is cost-benefit. Do you really think the costs would be less if we went around doing business as usual? And it's not just those who get the virus, many needing any kind of critical care will not get it once the system hits capacity. It seems clear to me that the best course of action now--the one that will reduce the number of deaths intended or unintende--is to shut everything down like Wuhan and Lodi did. For how long? To do that it would almost have to be serious already or people won't listen. Link to comment Share on other sites More sharing options...
Boatdrinks Posted March 16, 2020 Share Posted March 16, 2020 1 hour ago, GG said: Will the cure be worse than the disease? Absolutely 1000% yes. 1 1 Link to comment Share on other sites More sharing options...
row_33 Posted March 16, 2020 Share Posted March 16, 2020 Just now, Boatdrinks said: Absolutely 1000% yes. the next second for the rest of eternity will be a million times worse than the present Link to comment Share on other sites More sharing options...
Boatdrinks Posted March 16, 2020 Share Posted March 16, 2020 56 minutes ago, Tiberius said: He's toast anyway. This will pass. Feel bad about people losing their jobs, though. That's tough. Well, except for Trump losing his No one in their right mind is going to think a Biden or Sanders could leadthe country out of the economic fallout that’s sure to come from this. They’ll turn the USA into a wasteland where everyone is on some kind of government benefits and there is no work; as that’s exactly what they want. 3 Link to comment Share on other sites More sharing options...
Tiberius Posted March 16, 2020 Share Posted March 16, 2020 5 minutes ago, Boatdrinks said: No one in their right mind is going to think a Biden or Sanders could leadthe country out of the economic fallout that’s sure to come from this. They’ll turn the USA into a wasteland where everyone is on some kind of government benefits and there is no work; as that’s exactly what they want. Trump's a blithering idiot. Of course Biden would be better at handling this. Of course. Obama got us out of the last one. Banks seem well prepared this time around. Why is that? Just asking... 1 Link to comment Share on other sites More sharing options...
Boatdrinks Posted March 16, 2020 Share Posted March 16, 2020 Just now, Tiberius said: Trump's a blithering idiot. Of course Biden would be better at handling this. Of course. Obama got us out of the last one. Banks seem well prepared this time around. Why is that? Just asking... The last one ? Sorry but this hasn’t happened in our lifetimes.Obama faced nothing like this at all. Can’t compare a virus to a banking collapse. The overreaction by Dem Governors is ridiculous. They want everyone on welfare and unemployment. 1 Link to comment Share on other sites More sharing options...
RochesterRob Posted March 16, 2020 Share Posted March 16, 2020 30 minutes ago, GG said: It's not a free lunch, and the unintended consequences could be more severe. Watch out for the spikes in suicide rates, and possibly many more overdose deaths. I think that most people will be surprised as to the UC's that will develop. The service industry will be hit hard as it includes restaurants. I hate to keep going back to this but many eateries in college towns rely on full semesters to make their livings as they have slow downs to deal with during the summer and Christmas breaks. Farmers relying on exports for commodities such as soybeans could see the US bottleneck thus reducing income. Restaurant owners and farmers contribute to their local economies in terms of buying supplies and on the high end vehicles so the associated businesses will take a hit. Link to comment Share on other sites More sharing options...
Nanker Posted March 16, 2020 Share Posted March 16, 2020 3 hours ago, row_33 said: That person only gives little tidbits of gossip, always negative 54 minutes ago, row_33 said: why do you bother with this person? They’re both Bad News Beagle Boys. 1 Link to comment Share on other sites More sharing options...
RochesterRob Posted March 16, 2020 Share Posted March 16, 2020 2 minutes ago, Nanker said: They’re both Bad News Beagle Boys. As much as I would like to ignore Tibs and the liberal college professors who have their own weekend shows a person has to keep an eye on the opposition. Too many impressionable young people out there that need a voice to point out what is wrong with these fools. Scrooge McDuck (BNBB's)? 1 Link to comment Share on other sites More sharing options...
row_33 Posted March 16, 2020 Share Posted March 16, 2020 2 minutes ago, RochesterRob said: As much as I would like to ignore Tibs and the liberal college professors who have their own weekend shows a person has to keep an eye on the opposition. Too many impressionable young people out there that need a voice to point out what is wrong with these fools. Scrooge McDuck (BNBB's)? there is no point at all with Tibs just think of a situation, like you see a bottle of sulphuric acid on the counter, Tibs will always advise to drink it Link to comment Share on other sites More sharing options...
Tiberius Posted March 16, 2020 Share Posted March 16, 2020 9 minutes ago, Boatdrinks said: The last one ? Sorry but this hasn’t happened in our lifetimes.Obama faced nothing like this at all. Can’t compare a virus to a banking collapse. The overreaction by Dem Governors is ridiculous. They want everyone on welfare and unemployment. What overreaction? Link to comment Share on other sites More sharing options...
Boatdrinks Posted March 16, 2020 Share Posted March 16, 2020 5 minutes ago, Tiberius said: What overreaction? Closing everything under the sun. Many businesses will not survive due to their overreach. Unemployment will skyrocket , which is right in their wheelhouse. Link to comment Share on other sites More sharing options...
Foxx Posted March 16, 2020 Share Posted March 16, 2020 37 minutes ago, Buffalo_Gal said: There will also be a baby boom in 9 months. Christmas presents? bundles of new year joy? Link to comment Share on other sites More sharing options...
Tiberius Posted March 16, 2020 Share Posted March 16, 2020 1 minute ago, Boatdrinks said: Closing everything under the sun. Many businesses will not survive due to their overreach. Unemployment will skyrocket , which is right in their wheelhouse. You'd rather have the hospitals crowded so the sick can't be treated? That's right in the rights wheelhouse Link to comment Share on other sites More sharing options...
Boatdrinks Posted March 16, 2020 Share Posted March 16, 2020 3 minutes ago, Tiberius said: You'd rather have the hospitals crowded so the sick can't be treated? That's right in the rights wheelhouse Don’t have to close businesses to deal with that issue if it arises. There are other buildings that could be utilized etc. totally different topic though. The Economy is going to be destroyed. Link to comment Share on other sites More sharing options...
Westside Posted March 16, 2020 Share Posted March 16, 2020 6 minutes ago, Boatdrinks said: Don’t have to close businesses to deal with that issue if it arises. There are other buildings that could be utilized etc. totally different topic though. The Economy is going to be destroyed. That's the left's goal. They have run out of ammunition, now they are down to throwing their guns. 1 Link to comment Share on other sites More sharing options...
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