S&P 500 just halted trading

kingofnyc

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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! :blessed:


:mindblown::mindblown::mindblown::mindblown:

it’s been in turmoil since these mutherfukkers started to get sick after eaten bat soup
 

hayesc0

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This is my first recession as an adult

I have a so-called 'stable' job but my company's stock price has dropped 30% in the past month

What shuld I do
Mines was $100 today it's 81. You are probably safe it's usually people that are 10 plus years deep in a company tbh.
 

qwasi

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Stupid brehs talking about infected : dead : recovered ratios. However, these diaingenous glue sniffers won't mention (a) recovery isnt an indication of full cure (b) emergence of re-infection cases from 'recovered' patients (c) the physiological damage to the respiratory tract. (d) contamination and morality rate relative to disease lifetime (e) underpreparedness of the medical and scientific community (at least 12 months quoted to outright create a vaccine) (f) disease is expected to go oj roids once earmer weather hits (g) long term ramifications of aforementioned factors. People expressing exsperation that millions arent dead so its light work.
 

BigMoneyGrip

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my 401k is down 10 thousand dollars in literally 2 weeks.

fukk. how soon before it comes back up?
All those law enforcement trump loving supporters with 401k, pensions and deferred compensation accounts taking a nice haircut thanks to their boy.. them accounts down 20-30-50k right now :mjlol:
 

hayesc0

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All those law enforcement trump loving supporters with 401k, pensions and deferred compensation accounts taking a nice haircut thanks to their boy.. them accounts down 20-30-50k right now :mjlol:
It's funny because I remember this old white women that worked at my job her main Trump defense was how much she gained in her 401k lol.
 

ORDER_66

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It's funny because I remember this old white women that worked at my job her main Trump defense was how much she gained in her 401k lol.

tenor.gif


:lolbron:
 
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