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Corona Virus The Reason or EXCUSE for Market Plunge?
03-24-2020, 03:44 AM
Post: #286
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
The 'Trump bump' in stocks has been completely erased as the US scrambles to contain coronavirus
Carmen Reinicke
Mar. 23, 2020-----



https://markets.businessinsider.com/news...1029023796
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03-24-2020, 03:49 AM
Post: #287
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
"Goldman Sachs warns the single biggest driver of stock gains will shrink 33% this year
Ben Winck
Mar. 23, 2020'-----


https://markets.businessinsider.com/news...1029023478
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03-24-2020, 03:55 AM
Post: #288
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
Wall Street money manager says the stock market won’t hit bottom until investors throw in the towel — and we’re not there yet
59
Published: March 23, 2020


‘The turmoil we are seeing right now is the result of the unwinding of this leverage’ Scott Minerd says


It’s going to get worse before it gets better — a lot worse, according to Scott Minerd.------



https://www.marketwatch.com/story/wall-s...=home-page
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03-24-2020, 04:06 AM
Post: #289
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
The coronavirus outbreak has already led to mass layoffs and furloughs. From Cirque du Soleil to Marriott, here are 9 major companies that have announced they are downsizing their workforces.-----


https://www.businessinsider.com/coronavi...yment-2020
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03-24-2020, 04:25 AM
Post: #290
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
(03-24-2020 03:55 AM)karasu Wrote:  Wall Street money manager says the stock market won’t hit bottom until investors throw in the towel — and we’re not there yet
59
Published: March 23, 2020


‘The turmoil we are seeing right now is the result of the unwinding of this leverage’ Scott Minerd says


It’s going to get worse before it gets better — a lot worse, according to Scott Minerd.------



https://www.marketwatch.com/story/wall-s...=home-page

Buy when there is blood in the streets, is the old saying.

People that think you can turn around momentum like this with some pronouncements from the Federal Reserve are out of their mind.

Big hedge funds, mutual funds, index funds, they take weeks and MONTHS to do their trading.

If you are hopeful right now, and buy based off that sentiment, you will be fleeced. It is when you are TERRIFIED for your future, that it will be a buying opportunity again.
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03-25-2020, 03:23 AM
Post: #291
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
well, let me go and check today's headlines for MAGA or BLOOD!?!
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03-25-2020, 03:27 AM
Post: #292
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
.....a return to MAGA Euphoria??? or

[Image: e5a.png]



"Dow rallies more than 9%, heads for best day since 2008 as Wall Street gets lift from stimulus hopes"-----


https://www.cnbc.com/2020/03/23/dow-futu...-bill.html
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03-25-2020, 03:31 AM
Post: #293
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
Very odd, when the BULLS are in control all I hear is "FREE MARKETS BIG GOV BAD that's commie/socialism" but then when SHTF I don't hear that anymoreDodgy


"The Fed is providing way more help for the markets now than it did during the financial crisis"------


https://www.cnbc.com/2020/03/23/fed-is-h...risis.html
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03-25-2020, 04:30 AM
Post: #294
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
(03-25-2020 03:31 AM)karasu Wrote:  Very odd, when the BULLS are in control all I hear is "FREE MARKETS BIG GOV BAD that's commie/socialism" but then when SHTF I don't hear that anymoreDodgy


"The Fed is providing way more help for the markets now than it did during the financial crisis"------


https://www.cnbc.com/2020/03/23/fed-is-h...risis.html

Have you ever considered that this is because you only read MarketWatch, BusinessInsider, CNBC, etc?

On ZH, which is an UNCENSORED news web site that leans conservative (i.e. FAR RIGHT) people are hugely decrying the Fed's intervention and government wanting to pick winners and losers (Winners: Big Corps, Losers: Small business).
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03-25-2020, 04:38 AM (This post was last modified: 03-25-2020 04:39 AM by karasu.)
Post: #295
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
^everyone has a "leaning" tendency and we tend to favor some echo-chamber confirmation bias. Being that CNBC and the rest are mainstream then it can be a good source for getting a social-pulse and to be fair I do/did read/hear/observe opposing commentary on the mainstream sites but there is a certain questionable undeniable favoritism for the "FANGS" which seems questionably suspiciousDodgy
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03-25-2020, 05:57 AM
Post: #296
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
'eye of the hurricane'....or.....'the worst is now behind us'???
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03-25-2020, 06:00 AM
Post: #297
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
SHORT SELLERS GOT CRUSHED TODAY

they WILL FLEECE THE SHEEP BOTH WAYS
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03-25-2020, 07:34 AM
Post: #298
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
(03-25-2020 06:00 AM)pug-thug Wrote:  SHORT SELLERS GOT CRUSHED TODAY

they WILL FLEECE THE SHEEP BOTH WAYS

Yeah, but it was just optimistic enough to get the longs to jump in, never mind stick their toes in, and then they will get wiped soon enough, probably by the end of the week.
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03-26-2020, 01:27 AM
Post: #299
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
"Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero


The coronavirus crisis has brought another first to U.S. financial markets — negative yields on government debt.


The U.S. now joins large swaths of Europe and Japan that also have negative-yielding debt.


Negative yields are largely a function of demand, as prices and yields move in opposite direction for bonds. Investors pay a large premium above par on the bonds and can receive less than their initial investment at maturity. Deposit rates also can be negative."------


https://www.cnbc.com/2020/03/25/negative...ative.html
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03-26-2020, 01:49 AM
Post: #300
RE: Corona Virus The Reason or EXCUSE for Market Plunge?
Jeff Bezos, Larry Fink, and other top US execs dodged $1.9 billion in losses by selling their own stock as the coronavirus outbreak worsened


The largest seller was Amazon CEO Jeff Bezos, according to The Journal, who offloaded $3.4 billion in company shares during the first week of February. The sale led Bezos to avoid losses of about $317 million had he held the stock until March 20. The sold position accounted for more than a third of executive sales this year, according to The Journal.



Jeffrey Sprecher, CEO of New York Stock Exchange-parent Intercontinental Exchange, traded in $18 million in stock to avoid a $3 million loss.


Even executives leading industries hit hardest by the virus' economic fallout sold shares before suffering greater financial hits. MGM Resorts CEO James Murren sold $22.2 million of the company's stock between February 19 and February 20, just one week after he announced he will leave the hotel chain. The trades helped Murren shake a $15.9 million loss, The Journal reported.-----


https://markets.businessinsider.com/news...1029027510
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