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  1. #1
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    Post Covid One Nine vs Worlds Stock markets

    FTSE 100 - 16 March
    5,151.08 −215.03 (-4.01%)

    NASDAQ-100
    INDEXNASDAQ:
    7,020.38 −974.89 (-12.19%)

    On Sunday, the US Federal Reserve cut interest rates to almost zero and launched a $700bn stimulus programme.

    It was part of co-ordinated action announced alongside the eurozone, the UK, Japan, Canada, and Switzerland.

    However, investors are worried that central banks now have few options left to combat the impact of the pandemic.

    The new governor of the Bank of England, Andrew Bailey, has pledged to take "prompt action again" when necessary to stop the damage to the economy from the coronavirus pandemic.

    David Madden, a market analyst at CMC Markets, said that while central bankers were trying to calm the markets, "in reality it is having the opposite effect".

  2. #2
    R.I.P. Luigi's Avatar
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    Coronavirus: Dow Jones suffers worst-ever loss in latest market meltdown | Business News | Sky News


    Coronavirus: Dow Jones suffers worst-ever loss in latest market meltdown


    The FTSE 100 was among the markets falling as the news on coronavirus exacerbates fears of global economic carnage.

  3. #3
    R.I.P. Luigi's Avatar
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    The Dow ended the day 13% down and lost a record 2,997 points. It was the worst day, in terms of percentage losses, for both indices since the Black Monday falls of 1987.


    IAG, the owner of British Airways, was 28% down at one stage while holiday operator TUI saw its shares plunge by more than 30% after it warned the "vast majority" of its holidays were being cancelled.


    Vauxhall's owner, PSA, was among firms to announce just that on Monday - saying it was to temporarily suspend output at all its factories, including Ellesmere Port and Luton in the UK, this week until 27 March at least.
    It cited efforts to combat the spread of COVID-19 and supply issues alongside the collapse in the car market globally.

    #pray4Chitty.

  4. #4
    I'm in Jail

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    Car market? Gonna need a bigger boat.

    A good buy in day though if this infection infects us all what's the point. A vaccine may be in the works but the proof is in the pudding. I'll swallow that after the Pinnacle has long been reached.
    If only I could spell denouement.

  5. #5
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    Eddie Booth's Avatar
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    Do you think they crashed the stock market to blame Trump
    in the election year.?

    Is toilet paper trading well in car boot sales?

  6. #6
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by Eddie Booth
    Do you think they crashed the stock market to blame Trump
    in the election year.?

    Is toilet paper trading well in car boot sales?
    Forget toilet paper you need some tinfoil.

  7. #7
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    Quote Originally Posted by AntRobertson View Post
    Forget toilet paper you need some tinfoil.
    Am American friend recently pointed out that all recent pandemics coincide with an election year, and he believes it's no coincidence. I told him to stop watch Fox news.

  8. #8
    Thailand Expat AntRobertson's Avatar
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    Quote Originally Posted by Headworx
    I told him to stop watch Fox news.
    Sage advice.

    Saw a John Oliver clip last night and he pointed out that a vdo clip of a hamster demonstrating how to stay clean and safe in the face of COVID-19 had provided more reliable and trustworthy information than Trump and his propaganda network.

  9. #9
    CCBW JPPR2's Avatar
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    Quote Originally Posted by Luigi View Post
    The Dow ended the day 13% down and lost a record 2,997 points. It was the worst day, in terms of percentage losses, for both indices since the Black Monday falls of 1987.
    What I find irritating as hell is last week when the market did a "Fake" uptick to be the single highest gain the market had seen, Trump jumped right in and patted himself right on the back for it. Like he had anything to do with it. Today it tanked the worst it ever has, will he stand up today and speak to it? No way. He is a putz. Trumps entire presidency has been about money. He is smart in that way. He knows people only care if it affects their bottom line. He can basically do whatever he pleases as long as peoples money is positive.

    Quote Originally Posted by Eddie Booth View Post
    Do you think they crashed the stock market to blame Trump
    in the election year
    While the virus itself is not Trumps fault and people know this, his actions and behaviors are what will drive their decision on how to vote. On a 10 scale I'd rate Trumps leadership in this crisis to be 3/10. He is ignorant and he believes that whatever comes out of his mouth are the facts and truth no matter what others say. Why he is constantly contradicting experts in their fields.

  10. #10
    CCBW JPPR2's Avatar
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    Quote Originally Posted by fishlocker View Post
    Car market? Gonna need a bigger boat.
    And a portfolio review..... The luxury liner is probably out, but maybe a long boat with a stainless steel tail shaft and a bonnet?

  11. #11
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    Quote Originally Posted by JPPR2 View Post
    On a 10 scale I'd rate Trumps leadership in this crisis to be 3/10. He is ignorant and he believes that whatever comes out of his mouth are the facts and truth no matter what others say. Why he is constantly contradicting experts in their fields.
    Cannot wait to get the new POTUS (the one who sails so well into the election) who will make America (and all of the world - and the Corona virus either) great again...

  12. #12
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by Luigi View Post
    The Dow ended the day 13% down and lost a record 2,997 points. It was the worst day, in terms of percentage losses, for both indices since the Black Monday falls of 1987.


    IAG, the owner of British Airways, was 28% down at one stage while holiday operator TUI saw its shares plunge by more than 30% after it warned the "vast majority" of its holidays were being cancelled.


    Vauxhall's owner, PSA, was among firms to announce just that on Monday - saying it was to temporarily suspend output at all its factories, including Ellesmere Port and Luton in the UK, this week until 27 March at least.
    It cited efforts to combat the spread of COVID-19 and supply issues alongside the collapse in the car market globally.

    #pray4Chitty.
    All eyes are on Dow futures which hit the up-limit soon after closing yesterday.

    I expected SET to swoon this morning, but looks like Dow futures are keeping it afloat...that said, still 15mins to open then a few hours of more emotional uncertainty.

    As someone must have said, bad news is much better than uncertainty.

  13. #13
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by jabir View Post
    As someone must have said, bad news is much better than uncertainty.


    It's a pretty daft thing to say, so probably just you.

  14. #14
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    Quote Originally Posted by Klondyke View Post
    Cannot wait to get the new POTUS (the one who sails so well into the election) who will make America (and all of the world - and the Corona virus either) great again...
    Waste of space as always.

  15. #15
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    Quote Originally Posted by aging one View Post
    Waste of space as always.
    Waste of space as always.

  16. #16
    Hangin' Around cyrille's Avatar
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    Wow...you made sense.

    This could finally be a way forward.

  17. #17
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    going to make another 100K today with that those SP500 futures

    This is even better than shorting overvalued BTC

  18. #18
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by squirrel View Post

    It's a pretty daft thing to say, so probably just you.
    Aw, squirrel, you do disappoint sometimes, well, mostly...

    Why Uncertainty Is More Stressful Than Certainty Of Bad Things To Come

  19. #19
    Thailand Expat David48atTD's Avatar
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    Covid One Nine vs Worlds Stock markets-12064378-3x2-940x627-jpg



    Currently somewhere between Fear and Desperation?

    World Recession coming?

    Certainly more falls on the way ... and false Dawns.

  20. #20
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    I told you all to sell back in December but had no idea this was coming. I should have listened to my own advice...I only sold 1/3. I am still buying though so things should square up for the grandchildren in 30 years or so.

    Thank goodness we have the farm and no debts....

  21. #21
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    Any chance of my crypto portfolio increasing from it's all time low??

  22. #22
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    Quote Originally Posted by Simon43 View Post
    Any chance of my crypto portfolio increasing from it's all time low??
    still have some room to make money on Crypto, short the Futures and wait for it to drop to 1K

  23. #23
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    In 3 years from now Covid 19 will be a fading memory. The market probably has not bottomed yet but it is fairly close - within one month tops.

    Probably a time to dip a toe in the water with large caps which have been savaged. (as usually these are the first ones to recover)

    Definitely not a time to sell.

  24. #24
    Thailand Expat AntRobertson's Avatar
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    Well I've been putting some extra in and have kinda / sorta / not really / but maybe on average timed the markets:



    It's a big psychological thing though really, buying when the markets are plunging. I think I'm getting cramp in my sphincter muscle.

  25. #25
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Eddie Booth View Post
    Covid One Nine vs Worlds Stock markets
    New Yock Exchanges closed due to virus. Virus so far us kickin as. Well into recession range and moving toward depression. Could we be entering into another dirty 30s situation?

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