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Dow 900 points down

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    Is this a warning? Or is this the beginning of the end of Trump's wet dream? It started already a bit last week. Of course all the blame is on the corona virus; however don't be fooled; my guess it also has to do with the upheaval of all the meddling of Trump in the world market; don't forget the writer who wrote: "Everything Trump touches dies". Everything in the world is out of wack; certainly China does need the soy beans right now or can fulfill its commitments under Trump's "Phase one" agreement.

    Comments?

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    The Fed has been a big factor in the Dow rise with monetary policies, but also government deficit spending has helped the markets. However, worries about the spread of the COVD-19 coronavirus has had an impact. The higher cases of the virus in Italy, for example, can affect European growth, at least temporarily. The Chinese are big investors in Italian projects so it's not surprising that 152 people in Italy are reported infected with three deaths.

    Italians are starting to panic, and the rest of Europe as well with Austrians stopping trains coming from Italy.

    So yes, it is primarily the COVID-19 panic that is unsettling markets. Trump will use it as an excuse to close borders even more tightly. Mexico has had no reported cases, but it will only take one for Trump to close that border.

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    Then again, Bernie won a "yuge" victory in Nevada on Saturday.

    Just saying...

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    Dutch Wrote:

    Is this a warning? Or is this the beginning of the end of Trump's wet dream? It started already a bit last week. Of course all the blame is on the corona virus; however don't be fooled; my guess it also has to do with the upheaval of all the meddling of Trump in the world market; don't forget the writer who wrote: "Everything Trump touches dies". Everything in the world is out of wack; certainly China does need the soy beans right now or can fulfill its commitments under Trump's "Phase one" agreement.

    Comments?

    Dutch, We’ve known for quite awhile that stock value based on hype has to crash. The fact that a correction has been put off sets up a crash of biblical proportions (whatever that means). No surprise, just keeping it covered is the problem. What is obvious to me is people with cash billions are positioned to buy the rest of the country at recession basement prices. I hope the buy bell rings sooner than later so the owners can start auctioning off their newly acquired cheap labor.
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    Thanks Chet, However this is not the end of this drama; much more to come, since Trump took all the Obama safeguards away. The Trump voters will be sorry in the end or stay blind forever. Yes this is the beginning of the end unless an "knowledgeable" person gets elected without "baggage". Amen
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    I have to correct the heading: the Dow is now over 3000 points down from the 29500 points where it stood a week ago.

    The capital loss is in the trillions for investors and companies; some will go bankrupt for sure.

    Sorry but not all the blame can be given to to the corona virus; most of the blame is of course Trump; he appointed Pence to solve the problem, success assured.

    Now they (GOP) have become very afraid that Bernie may get the nomination; however that certainly may create the next disaster, because of what Bernie wants. He will be railroaded right out of the W.H. by the GOP and will end up in the hospital again. Amen

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    Dutch:

    I hope the slide continues - but it probably won't.

    If you look at how the market has performed since March of 2010, it looks like it could keep climbing. Since Trump's main selling point is the market, a deep slump starting this summer could be our best hope of getting rid of Trump.

    https://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years

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    Yes the slide did continue; today over 1000 points down. I fear that there is more to come. Sorry but this happening may do more than change the election. Now is it the time to get real leadership; forget Bernie and the other "babies".

    Elect Bloomberg; the only choice in this situation. I predicted that something would happen under the reign of Trump a long time ago. We are there now. I just wonder if the voters will wake up.

    The Titanic is sinking slowly right now; leave the ship!!!

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    Even more slide! Trump and his cronies are searching for who to blame; of course the Democrats, because this may help to get rid of Trump! Mulvany already said so. I could have predicted that! Yes, this virus is "created" by "whatever" not the Dem's; however the "virus" itself knows nothing about politics or religion; you can't train it like a dog!

    But yeah Trump and his cronies never went to school to learn about reality.

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    I almost wished there wasn't a DOW or any other market. Every time an event takes place where ever in the world, the DOW and others acts like a five year old brat that can't have their way whenever something happens. Like crying over spilled milk. I'll use the word fickle here, because that's about the best way to describe the stock market. If Trump took a crap and a white house toilet backed up, the markets would crash. With the rise of the markets being unprecedented in the past couple of years, it was due anytime to take a dive, all it needed was the wrong ingredients.

    Fickle, from Webster's dictionary: inconstant, fickle, capricious, mercurial, unstable mean lacking firmness or steadiness (as in purpose or devotion). inconstant implies an incapacity for steadiness and an inherent tendency to change. an inconstant friend fickle suggests unreliability because of perverse changeability

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    Dock you can "wish" all you like, but the stock market ties into everything of everyone's life. Don't forget that all of this is actually "borrowed" money which gives the lenders who have stocks an return on investment.

    Due to the fact that all kinds of scrupulous corrupt people can use this "system" to manipulate and corrupt it creates these "bubbles" and "downfalls". It is called playing the market. Due to that just about any company wants resources to be able to "do" things like expanding or get new products on the market they will "borrow". Like Tesla who borrowed billions in order to built more factories and different models. The manipulators throw in all kinds of news to get an stock up or down. They are the culprits, because they get paid to do this. In the past the government put lots of "safeguards" in, but under Trump it looks more like the "mafia" got hold of it. I'm not surprised.

    An "crash" as is happening now will have huge consequences, because a lot of "working" capital for certain companies is evaporated, so they can't do what their planning was supposed to be and may have to lay off people etc.

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    Dutch Wrote:

    Dock you can "wish" all you like, but the stock market ties into everything of everyone's life. Don't forget that all of this is actually "borrowed" money which gives the lenders who have stocks an return on investment.

    Due to the fact that all kinds of scrupulous corrupt people can use this "system" to manipulate and corrupt it creates these "bubbles" and "downfalls". It is called playing the market. Due to that just about any company wants resources to be able to "do" things like expanding or get new products on the market they will "borrow". Like Tesla who borrowed billions in order to built more factories and different models. The manipulators throw in all kinds of news to get an stock up or down. They are the culprits, because they get paid to do this. In the past the government put lots of "safeguards" in, but under Trump it looks more like the "mafia" got hold of it. I'm not surprised.

    An "crash" as is happening now will have huge consequences, because a lot of "working" capital for certain companies is evaporated, so they can't do what their planning was supposed to be and may have to lay off people etc.

    Same thing that has been going on for thousands of years with the same ending/resultś. The ancients had a twinge of conscious as related by myth in the form “jubilee”. When the conditions got so embarrassing bad that all debt was for given. The Christians had a hard time living with the suffering imposed on the less fortunate so they came out with a second edition of the good book to right the wrong. They had the main character validate the greed with: “

    Mark 14:7 The poor you will always have with you, and you can help them whenever you ...

    But you will not always have me. New Living Translation You will always have the poor among you, and you can help them whenever you want to. “

    The new book doesn’t attempt to right the wrong as the ancients did it simply says get used to it. Then to insult the intelligence of the unfortunate even further it infers that everybody suffers. The top .1% that after this latest crash now own almost everything is burdened with filing bankruptcy for all the newly acquired companies to alleviate the liability of negotiated pensions and healthcare.

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    Yesterday the Dow went up over 1200 points; ridiculous for sure. My feeling is that there is an awful lot of "manipulation" going on by the "hedge funds" and the "day traders", however the picture shows that "others" may be involved like "political" high flyers who are trying to force "something"; likely the Trump billionaire "friends?" or very rich "outside elements". All of the last weeks movements are "smelly". We'll see who "wins" in the end. But it will not be an "honest win" due to the corrupt system here.
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    The reason the market went up is the Fed just cut the interest rate by 1/2 point. It's the first emergency cut since 2008.

    https://www.cnn.com/2020/03/03/economy/federal-reserve-rate-cut/index.html

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    It went up initially, but then back down. It closed 790 points down after a bit of up and down optimism and pessimism during the day.