So, again, simply out of curiosity. Is the DOW falling 1910 points in two days worthy of shooting someone into the sun? Because that’s what we fell in two trading days. That’s over 6.5 percent in two days. Now again, normally there should be a good rebound tomorrow, but that’s what I thought would happen today.
Agree 100 percent. People who are close to retirement are in the hands of 35 year old traders who panic at the drop of a hat. Not a good position to be in.
They shouldn’t be exposed to that much this close to retirement…
No they shouldn’t be, I sit next to someone who is though, we have talked many times about this exact scenario, it sucks.
I’m more then happy to see the market down, I’d love to buy more, but I feel bad seeing this guy lose money.
There will be some impact but Chinese Tourists only account for about 16% of all foreign tourism dollars spent in the US.
It’s highly doubtful this travel ban will be extended for more than 3-6 Months either.
losing 16% of the tourist industry is huge.
I hope you are right about the timing.
That’s not true. Airlines and tourism are immediately effected. Manufacturing as well.
The question here is about duration, and flare ups in other countries, including our own. If we have a flare up ad have to start restricting travel and cancelling public events, bombs away…
Hope it doesn’t shake out that way. Watching Sen. Kennedy question the head of the DHS did not give me any confidence though.
The problem with selling, if you’re up is you pay taxes.
So if your taking profits, take off another 15% or more if your short term due to tax liability
Selling can be just as expensive as holding if not more
It’s the tail that wags the dog.
That presumes we won’t benefit from tourists from other countries who can’t go to China and Americans who might have gone to China who decide to spend their vacations in the US.
True. I’m sure not all will re-direct, but some certainly could.
No, manufacturing problems will be much slower to show up because of the fact most will have a stockpile of components and parts made in China manufactured before the virus hit and a good many will just have to get them from other sources.
There will be less of an impact because many manufacturers left China and others found non Chinese producers due to the trade war.
The Dow was down today again. It is now down at 26,958. Hopefully, it will rebound tomorrow.
All in reaction to the effects of the Coronavirus outbreak. It will recover when we see just how big an effect there is on the supply chain.
5 days later. 
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Wanna bet on the plant being a gun free zone?
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Probability is high, just like a mass shooting occurring this week.
dow futures are down another 170 right now
Well this didn"t help:
But it’s okay. Trump just announced that a lot of the over two thousand point drop in three days is because of Democrats.
dow futures show a drop of 450 on the open.
goldman expects no earnings growth for companies this year
