Posted on 02/23/2020 6:31:02 PM PST by lasereye
U.S. stock market futures sank late Sunday as the spread of coronavirus raised worries that global economic growth could take a hit.
Dow Jones Industrial Average futures YM00, -1.20% fell more than 300 point soon after electronic trading opened late Sunday. S&P 500 futures ES00, -1.20% and Nasdaq Composite futures NQ00, -1.63% also fell more than 1% each.
On Saturday, the International Monetary Fund warned the virus outbreak could reduce global economic growth by 0.1% this year, and drag Chinas annual growth 0.4 percentage points lower than January estimates.
(Excerpt) Read more at marketwatch.com ...
Some weak minded folks may buy into it.
The willy-nilly independents.
The ones who will then jump at the chance to have Bernie give them free child care, up to pre-k and free, single payer healthcare.
Yep, that and other stuff too.
I bought a cheap used cellphone on Amazon as backup in case mine breaks... I made a list of ‘must haves’ and I’m going to do some duplicates. Phone, pool pump, pool sweep... phone chargers, can opener...etc.
China’s factories are slowing down... things aren’t being delivered in time. If a company runs machinery and ONE little part is broken and needs to be replaced the whole machine doesn’t work until that part is replaced.
That’s a worst case...
Then there’s stuff like travel... After what you’ve seen on the news, would YOU want to be on a cruise ship? People dependent on money and jobs from the travel industry could be hurting soon...
Then again, rumor is the Chinese are telling people to go to work...and if the virus is tamed, that would be enough to solve the problem and turn everything around... We should know within a month or two...
1000%. You goofed the decimal point.
Sorry but he has more important things to do like go to India. /s
Yes, but not quite yet.
Yes, they’re praying for the economy to tank and blame it on Trump.
I am using the Walmart grocery pick up option...I have been pleased with it...
Also using their delivery. On many of their brands, no extra cost involved...
Both the delivery and pick up save me from having to go to the big box store.
I have a nice market around the corner that I go to for fresh produce etc.
I should look into whether Costco has pickup option...
My son is working from home 24/7...He lives out in San Jose....becoming a hermit for the time being.
Dude, I’m not a financial whiz but when you check out the top parties getting or buying either free or very low prices and selling them for HUGE gains the same day later, that is a big big red flag for me. Especially when you look at the tops guys names many from India.
I am not sure what you are saying. Do you believe that stocks should trade at the same price every day all day long? Think about a stock like Procter & Gamble. Do you think that what happens on Tuesday or Wednesday affects what that stocks price should be on Thursday or Friday? Whose opinion as to what a stock is worth on any one particular day should control things?
he meant points. 100 points is 1%
IDK but when I see a stock rise 240 to 500% over a year and the top guys getting free or low priced and selling same day that is crazy
The hard working folks at my local Chinese food place sent out a text. I will go Wednesday. These are hard working second, third gen Chinese.
Please educate yourself on statistics, routes of transmission and keep on living. I cannot believe Americans cower in fear because the media has told us we are all gonna die. Again. Swine, bird, sars, now this...appears designed to target and kill a distinct population.
We have heard nothing from our own leadership about the ages and ethnicity of the dead. As with flu here... its more likely the sepsis from a secondary infection that kills you and only people already at risk. However, if you tell everyone the flu killed gabillions they will roll up their sleeves and submit.
Yawn. Soap and water, not fear.
“Wuflu” infects Wall Street...Dow futures down 750 points at 4:38am EST:
https://www.cnbc.com/pre-markets/
Same here. Ive been all over the world in my younger years. Dont need to see it again now with all the hassles of traveling. If I cant get to someplace by car now, I dont need to go.
You gonna see all the stock market Justice you crave starting in about 3 1/2 hours.
Futures down almost 800 (DOW) as I type this...glad I’m in principle-protect mode with my retirement stuff.
DOW futures now down only -807 as of this post.
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