S&P 500 just halted trading
- Thread starter Warren Moon
- Start date
FluffyCorleone
Banned
The market issues are a reaction to exactly that.
so i guess the deaths of 133 people in Italy in less then 24 hours due to the virus
has nothing to do with people panics & fear
thecoli logic
What is lost on people is that basing your decisions upon panic and fear and buying into narratives that feed that bias are the WORST things you can do in a crisis such as this. People are causing a run on consumer goods that will do little to no good in preventing infection based upon fear mongering social media misinformation. Do the research, do the math, filter the information and prepare yourself and your loved ones. You really shouldn't be going to work either, but this is America so you have to do what you have to do. Just minimize contact, follow proper hygiene and if you or a loved one shows symptoms, GET TESTED AND TREATED IMMEDIATELY.
But don't panic and spread misinformation. You're only contributing to the increasing burden on this already fragile system. Well, I mean you can, I like the exposal, BUT, if you want to be responsible.....don't.
Stay cautious, informed, and calm.
Dallas' 4 Eva
Superstar
It's correcting itself right now honestly. Markets been in a bubble for going on 2 years now.
so i guess the deaths of 133 people in Italy in less then 24 hours due to the virus
has nothing to do with people panics & fear
You do know the market has been in turmoil for some time before that rash of deaths in Italy, right?
What you might want to understand is that the panic isn't over potential deaths, it's over reduced consumer spending (in certain segments of the economy caused by people being spooked) and the potential for lost productivity and wages if companies are forced to grant the proper time off needed to quarantine and/or recover from the virus, likely unpaid of course.
Also Russian and Saudi Arabia's bromance severing triggering a glorious race to the bottom for oil prices!
If people really take this outbreak as serious as they do on the internet it's time to channel that anxiety into something productive and call out America's antiquated and inadequate sick leave policies. The news media has people whipped into a frenzy over this but isn't actively pushing for mass quarantines or work releases for non essential employees? 
They have an opinion on everything else these days, why not that?
If there is a proper post mortem done over this crisis it will be shown that many of the deaths could have been prevented if not for the failures of several American institutions, practices and thought processes.
They have an opinion on everything else these days, why not that? If there is a proper post mortem done over this crisis it will be shown that many of the deaths could have been prevented if not for the failures of several American institutions, practices and thought processes.
Mordith
H.E.N.R.Y.
Cheeto's re-election hope is looking funny in the light. No Incumbent President has won re-election in a tanking economy...
MasterOfAllHeSurveyz
All Star
Be mindful where you get your info from.
I've upped my daily deposits by 5x in my Acorns. I made a little over a G from selling some rusty tools I restored (thank you YouTube restoration channels) and made a one-time deposit of that.
This will be the only good to come out of this whole thing, but then again, you have the head of the fukking country begging everybody to play shirts and skins tackle football in times square. I think if this country's leadership specifically doled out correct information, and did some actual projections, told the general public what they are doing to contain it, and actually followed through, the markets would react accordingly (also taking into account the Russia/SA situation which, for today anyway, is the main issue, but the outbreak and our "official" response is a factor)If people really take this outbreak as serious as they do on the internet it's time to channel that anxiety into something productive and call out America's antiquated and inadequate sick leave policies. The news media has people whipped into a frenzy over this but isn't actively pushing for mass quarantines or work releases for non essential employees?
If there is a proper post mortem done over this crisis it will be shown that many of the deaths could have been prevented if not for the failures of several American institutions, practices and thought processes.
Scientific
Bacdafucup
Virus or not. There was going to be a correction within two years. This was simply the spark that ignited a deep market correction. These bulls never want the good times to end (despite the wisdom of what goes up goes down). If you didnt plan accordingly this year to a correction, you shouldn't be investing. If you think there is no risk, ever? You shouldn't be in here talking markets.
I wont debate the details over the hysteria of the virus, but when supply chain shock bleeds into consumer confidence? There's going to be a dip. The issue is, whether some have a hard time accepting the fact. Low interest for so long, propped up an inflated asset bubble. This was going to be popped eventually. I'm not panicking from the recession. I readjusted my positions in January once China went on lock down, and saw the passive nature people had on it.
I wont debate the details over the hysteria of the virus, but when supply chain shock bleeds into consumer confidence? There's going to be a dip. The issue is, whether some have a hard time accepting the fact. Low interest for so long, propped up an inflated asset bubble. This was going to be popped eventually. I'm not panicking from the recession. I readjusted my positions in January once China went on lock down, and saw the passive nature people had on it.
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I spent about 50% of my liquid assets last week...pulled the trigger too fastYou loading up this week?
Some decent discounts out there
