Stock Exchanges Diving

[Brent S]

All short term issues. Remember, we survived the bird flu, swine flu, h1n1 etc, etc. The China flu will be forgotten about soon enough. The only difference now is all the Trump haters are trying to make the China flu about Trump.

I don’t blame him for the virus. I am critical of his actions to handle it in some aspects. I think the travel restrictions were good moves. The saying tests are available when they aren’t is just stupid. The briefing he gave at the cdc saying he was so knowledgeable on the topic and his uncle was a genius scientist was laughable. I just hope he gets better about making good decisions and stops trying to make this about him.

 

[Brent S]

All short term issues. Remember, we survived the bird flu, swine flu, h1n1 etc, etc. The China flu will be forgotten about soon enough. The only difference now is all the Trump haters are trying to make the China flu about Trump.

I agree this will be a good chance to get some bargains when the economy starts recovering. I just hope it’s not a year before that happens.

 

[dirtdiva]

I’m glad your so optimistic. I’m looking at Disney closing, sporting events, Broadway, Vegas, cruise lines, airlines and all the peripheral businesses closing down for who knows how long. I don’t believe we are near the bottom yet. That being said, we will get through this and get the world economy going again eventually. There will be a time to buy back in but I don’t see it anytime soon. Hopefully the warmer months will slow the virus but it’s going to be a bad two months at least, maybe more. Once a vaccine and treatment are developed that will make a big difference too, but is at least a year off. I certainly hope this dosent last that long.

Called that one right CBS news live just reported that Disneyland (California) is closing for the remainder of the month.

 

[Brent S]

Stock futures for Friday aren’t looking good either.

 

[dirtdiva]

Stock futures for Friday aren’t looking good either.

CBSN is broadcasting from Boston because their New York Office is closed for cleaning after 3 employees tested positive.

 

[Maverick]

It Has to be Asked: Are Nefarious Soros-Like Short Sellers Trying to Crash the US Economy?

"It is from short sellers who are using the coronavirus panic to attack the market in an attempt to steal a fortune from Main Street investors. Short sellers do not have to own stock to sell it. They borrow the stock, sell it, and hope to make money by buying back at a lower price. The short sellers are attacking the market by relentlessly borrowing more and more stock and selling it, overwhelming the Main Street buyers."

https://www.thegatewaypundit.com/20...short-sellers-trying-to-crash-the-us-economy/

 

[Mountain trapper]

It Has to be Asked: Are Nefarious Soros-Like Short Sellers Trying to Crash the US Economy?

"It is from short sellers who are using the coronavirus panic to attack the market in an attempt to steal a fortune from Main Street investors. Short sellers do not have to own stock to sell it. They borrow the stock, sell it, and hope to make money by buying back at a lower price. The short sellers are attacking the market by relentlessly borrowing more and more stock and selling it, overwhelming the Main Street buyers."

https://www.thegatewaypundit.com/20...short-sellers-trying-to-crash-the-us-economy/

Didn't Soros wreak the economy in a couple other countries? I think he was quoted that he was going to do the same to the US. This foreign POS should be deported back to Hungary.

 

[Maverick]

Didn't Soros wreak the economy in a couple other countries? I think he was quoted that he was going to do the same to the US. This foreign POS should be deported back to Hungary.

Yes he did!

 

[Maverick]

But I wouldn’t put it past China doing this

 

[DrHenley]

Didn't Soros wreak the economy in a couple other countries? I think he was quoted that he was going to do the same to the US. This foreign POS should be deported back to Hungary.

https://priceonomics.com/the-trade-of-the-century-when-george-soros-broke/
In 1992, George Soros brought the Bank of England to its knees. In the process, he pocketed over a billion dollars. Making a billion dollars is by all accounts pretty cool. But demolishing the monetary system of Great Britain in a single day with an elegantly constructed bet against its currency?

 

[BillMasen]

But I wouldn’t put it past China doing this

According to FOX news China is now trying to blame the US for the corona virus outbreak

 

[Mountain trapper]

But I wouldn’t put it past China doing this

We made China what it is today by buying their cheap crap. Of course Clinton, democrats and weak republicans helped too.

 

[Brent S]

The market had some recovery today from the 2300 point drop yesterday, thankfully. I still wouldn’t want to jump back in just now. We will see how the hit to the economy is after a month of people not going out.

 

[user 7704]

Broke a record today. Upward

 

[Brent S]

Broke a record today. Upward

It’s these wild swings that are making me pause.

 

[DrPrepper1]

It’s these wild swings that are making me pause.

Making you pause? What do you mean?

 

[Brent S]

Making you pause? What do you mean?

Making me stop to think and not get back in the market just now.

 

[Brent S]

Silver is down right now. Didn’t check yet but believe gold is too. This is nuts to try and predict now.

 

[user 6493]

if you are going to get in you want to do it as close to rock bottom as you can,,,almost every stock will climb back close to where it was it will take a while but almost all will bounce back

 

[GeorgiaPeachie]

All short term issues. Remember, we survived the bird flu, swine flu, h1n1 etc, etc. The China flu will be forgotten about soon enough. The only difference now is all the Trump haters are trying to make the China flu about Trump.

So true. The unbelievable hate and vitriol is unreal. People actually clapping and being glad the Coronavirus is spreading and killing folks. The ones that support our President of course. God is surely shaking his head.

 

[GeorgiaPeachie]

Silver is down right now. Didn’t check yet but believe gold is too. This is nuts to try and predict now.

I saw that. Was considering buying some more. What about you?

 

[DrHenley]

I've seen this before. Precious metals going down when they should go up. A lot of people believe it is manipulation of the market through paper gold and silver - ETFs. They are shorting paper gold and silver in an attempt to neuter precious metals as a safe haven. If the precious metals in the market were all physical, this would not happen.

 

[Mountain trapper]

I saw that. Was considering buying some more. What about you?

Buy what you can as often you can. It will go up.

 

[Brent S]

I saw that. Was considering buying some more. What about you?

I have enough of both silver and gold. I do believe in tangible assets but think being well diversified is smart.

 

[DrHenley]

Silver and Gold are headed back up again. Looks like people were desperate for something to invest in.

 

[DrPrepper1]

When the price of gold goes up, that’s a bad sign, correct?
It means people don’t have faith in the economy... or did I dream that? ( very possible).

 

[DrHenley]

They were dumping gold and silver along with everything else a few days ago. I suspect this was people shorting gold and silver ETFs, since you can't exactly short physical metals.

Two days ago was a fantastic buying opportunity, and I think they suddenly realized that and the gold rush began, pulling silver along with it. Silver wasn't doing all that well before, but gold was. Now they are both taking off.
"To da Moon!" as they say in the Kitco gold forum.

I need Silver to go up a couple more dollars and I'll liquidate the Silver ETFs in my Roth IRA, and wait for a buying opportunity in stocks. Great thing about the Roth IRA, no capital gains! I could make a million dollars and not pay a cent in taxes.

 

[Brent S]

When the price of gold goes up, that’s a bad sign, correct?
It means people don’t have faith in the economy... or did I dream that? ( very possible).

Normally that’s been the case historically but with the way things are going right now everything is a gamble. The worlds economies are pretty dicey to say the least.

 

[Mountain trapper]

Right now, in my opinion, gold is still way too high for me to buy. The last time I bought gold it was under $550 per ounce, and I bought a lot. Plus I owned a placer mine at that time and I still have a lot of fine gold and nuggets. That being said, I would encourage anyone that doesn't currently own gold/silver to buy as much as you can. Just like stocks; buy on the dips.

 

[Brent S]

The economy is important but being impatient to get it going again too soon will devastate our Hospitals https://apple.news/AF9VwAYuyRjiUBpkD6eztkw