Why did it halt for 15 minutes? Just because it dropped so much so quickly?

King Leary said:

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Why did it halt for 15 minutes? Just because it dropped so much so quickly?

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Yes, they have circuit breaks to prevent it from going into free fall.

It's days and weeks like right now where globalism really sucks.

ncsualum05 said:

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It's days and weeks like right now where globalism really sucks.

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yep

statefan91 said:

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King Leary said:

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Why did it halt for 15 minutes? Just because it dropped so much so quickly?

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Yes, they have circuit breaks to prevent it from going into free fall.

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I'm a market novice, but how many times has this ever been triggered? Can't be that many, right?

Sounds like the WH is planning a bailout for the oil companies.

PackBacker07 said:

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statefan91 said:

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King Leary said:

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Why did it halt for 15 minutes? Just because it dropped so much so quickly?

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Yes, they have circuit breaks to prevent it from going into free fall.

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I'm a market novice, but how many times has this ever been triggered? Can't be that many, right?

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I dont think it has even come close to happening since 08

down close to 2000 pts today..may be a time to jump in a few things.

Definitely unsettling but at least there is a root cause for the decline and a correction was probably overdue. Just hope the bounceback is strong!

Pack87 said:

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Definitely unsettling but at least there is a root cause for the decline and a correction was probably overdue. Just hope the bounceback is strong!

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If history is any sign of how it will go, some people are going to make a killing in about 4-5 months.

At what point does a global recession cause more damage than the virus itself?

King Leary said:

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At what point does a global recession cause more damage than the virus itself?

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We are probably at that point already if i had to guess

King Leary said:

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At what point does a global recession cause more damage than the virus itself?

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No point......nothing is worth crap if you are rotting!

ciscopack said:

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King Leary said:

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At what point does a global recession cause more damage than the virus itself?

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No point......nothing is worth crap if you are rotting!

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Increases in unemployment lead to higher suicide rates and rates of depression. That could be more dangerous for many young Americans (20-50).

PackBacker07 said:

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Panic is an amazing thing

cowboypack02 said:

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PackBacker07 said:

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Panic is an amazing thing

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The last two Fed cuts are going to prove disastrous in the long term.

Ground_Chuck said:

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cowboypack02 said:

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PackBacker07 said:

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Panic is an amazing thing

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The last two Fed cuts are going to prove disastrous in the long term.

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How so? You saying the country would of been better off without it?

cowboypack02 said:

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PackBacker07 said:

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Panic is an amazing thing

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So is the disruption caused by the worst pandemic of the past century.

This is not a panic induced market disruption. The very fundamentals of the global economy are being pressured right now.

In a decade or two I'm sure this works out fine. But panic, it ain't.

King Leary said:

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At what point does a global recession cause more damage than the virus itself?

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Probably never.

If this virus spreads to half the population, the global death toll will resemble a world war.

This is the unfortunate consequence of a world that was unprepared and ignored guidance of oranigazations like WHO. China bought us all time and we wasted it; the consequence is a global shutdown and a recession. Crazy times.

King Leary said:

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ciscopack said:

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King Leary said:

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At what point does a global recession cause more damage than the virus itself?

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No point......nothing is worth crap if you are rotting!

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Increases in unemployment lead to higher suicide rates and rates of depression. That could be more dangerous for many young Americans (20-50).

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Sigh. No. When did NC state stop teaching math?

Suicide rate is about 15 per 100,000.

Covid kills about 1-3 per 100. It seems to kill about 1 in 500 (0.2%) of young adults it infects.

You'd have to increase the suicide rate over 1,300 times its current rate to cause more harm to young people. You really think a recession is going to do that to a demographic that already survived 2008?

WolfpackCPA said:

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Ground_Chuck said:

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cowboypack02 said:

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PackBacker07 said:

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Panic is an amazing thing

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The last two Fed cuts are going to prove disastrous in the long term.

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How so? You saying the country would of been better off without it?

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If there's one thing that everyone can understand, it's the federal funds rate and the intricacies of monetary policy

(I'm agreeing with you, CPA)

WolfpackCPA said:

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Ground_Chuck said:

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cowboypack02 said:

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PackBacker07 said:

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Panic is an amazing thing

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The last two Fed cuts are going to prove disastrous in the long term.

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How so? You saying the country would of been better off without it?

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The cuts had zero effect and removed the Fed's ability to make these cuts, at a later date, when they would have had an impact.

Interest rates should have been raised a couple times in the past 3-4 years. That would have strengthened the feds ability to handle future recessions.

GoPack2008 said:

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cowboypack02 said:

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PackBacker07 said:

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Panic is an amazing thing

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So is the disruption caused by the worst pandemic of the past century.

This is not a panic induced market disruption. The very fundamentals of the global economy are being pressured right now.

In a decade or two I'm sure this works out fine. But panic, it ain't.

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You say so. I'm willing to bet when that when everyone calms down the market will go back up, maybe not where we were before, but wouldn't surprise me to see it back at 27-28 K by September or October. You can look back historically to see that once folks calm down the market recovers, as long as there isn't an underlying issue with the market, which I don't believe there is. We will continue to have a global economy long term regardless of what is happening right now, so i don't see that as being an issue

Ground_Chuck said:

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WolfpackCPA said:

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Ground_Chuck said:

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cowboypack02 said:

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PackBacker07 said:

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Panic is an amazing thing

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The last two Fed cuts are going to prove disastrous in the long term.

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How so? You saying the country would of been better off without it?

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The cuts had zero effect and removed the Fed's ability to make these cuts, at a later date, when they would have had an impact.

Interest rates should have been raised a couple times in the past 3-4 years. That would have strengthened the feds ability to handle future recessions.

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I don't think it would of made much a difference if the Fed made the rate cut now or in 6 months. You are looking at an economy where spending power is going to be severely limited. When we look at certain industries and employees not being able to work (restaurants, hotels, travel, etc. & many of which don't have saving).

The quarantine in Europe and I expect you will see similar results in South America which is only at the beginning of the curve. Personally, I find it hard to believe that China has just stalled the movement of this virus, and I would expect those infected to continue to rise. As we all know the data coming out of China is always suspect at best.

My buddy said his financial advisor is saying stay put. My question is what positive signs do people see in the market for this not to trigger a global recession?

Up 1048.86 (+5.20%) today

And just like that the market opens at 19984.79 or 1252.59 (5.90%) points lower today.

I've a feeling that the market will be closed for an extended period (days) at some point in the near furture

Just went in on 4 stocks.. will wait until next week or so for more.. market below 20 is very tempting. There will be lots of volatility

burnbarn said:

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Just went in on 4 stocks.. will wait until next week or so for more.. market below 20 is very tempting. There will be lots of volatility

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I will probably fill my IRA today... trying to decide if I should put any additional in.