Another Record Day

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Market down 3000 or 13%    30%+ for the yr.

mogley98

I suspect we will see 16580 if we do Im buying

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I am thinking about 5% more should be the bottom. Could be more, one banker today was ask if it could go down another 30%. He said it was possible.

yoshmyster

Damn dems bringing in corona virus to destabilize the economy as well as setting off the panic of '20. 

kannoneer

If it equals the 2008 crash it will hit 13000.

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Up just a couple per cent this morning ..lets see if it holds.

mogley98

IMHO it not only won't hold it will continue dropping, nothing the feds or anyone else can do to stem the tide.

The media has everyone in a frenzy right or wrong the hyperbole is doing nothing to stem the hoarding and panic.

I sincerely believe until a solution to the fear comes around people are going to react and look for safety, hell Silver is now @ 12 bucks and the talking heads are saying people are selling off silver for dollars??!! WTH Imagine a few more weeks and Uncle Sam will put out a cash call, turn in all your money to the banks so we can destroy it and print new money on anti-virus material. If you don't turn it in by X date it becomes worthless. That way they get to call in all the buried and hidden money. All the illegal cash gets claimed or lost. ?

bpost

I thank God above for giving me the wisdom to live in the middle of nowhere on a dirt road miles off the pavement.  There is not one thing I can do to change the herd panic mentality except to refuse to participate in the madness.  I have not even glanced at my investments, they are going to do what ever they do and I have no control over it except patience.

mogley98

Market down another 1800 right now, hard to believe you can buy stocks like BP oil for 15 bucks a share or Boeing at less than a 100!

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About 31-32% for the yr down. New financial news isn't doing anything. Getting ugly when motels and hotels get hit and going to collapse along with airlines needing bailed out. I forecast one large airline will start buying out the others.