Market rout wipes out 2 years of trumps rally

[SixFoot]

Did Japan say anything official with regards to postponing the Olympics yet?

[westaussie]

The FTSE and the CAC are down at the moment by 2.13% and 1.77% respectively (8.15 pm my time).

[tnt]

not that i see.

[tnt]

trump contradicts cdc talking about people working with covid-19 as no big deal. that isn’t reassuring but probably not enough to rattle markets.

i don’t see much else…good…

[moonshine]

dow futures indicate 700 points lower this morning

[NebraskaFootball]

@moonshine

dow futures indicate 700 points lower this morning

Market opens by giving away over half of the gains from yesterday.

[ImRightYoureWrong]

Looks like 26k is the question zone. Dayum I’m good.

All kidding aside this volatility is whack

[NebraskaFootball]

@ImRightYoureWrong

Looks like 26k is the question zone. Dayum I’m good.

All kidding aside this volatility is whack

Yes, in all seriousness, the volatility is problematic. And I’m not sure we will see any relative stability for some time.

[tnt]

Reading about all the companies cancelling travel, and all the conventions being cancelled…this is going too deeply effect our economy.

I think this is jus the beginning. I would be short the market right now if I still traded. Like a one month put.

[ImRightYoureWrong]

Saw a headline, something like $100+billion will be lost in air travel

[Cynic]

Already the rumbling of all sorts of public closures along the west coast.

[NebraskaFootball]

@Cynic

Already the rumbling of all sorts of public closures along the west coast.

I have a family member that works for Red Bull in Santa Monica. They have been given instructions to cancel ALL international travel plans, and any travel within the US has to be approved by the most senior member of the American HQ.

[Cynic]

I predict once schools start implementing closures in specific outbreak areas it will ratchet up quickly.

[NebraskaFootball]

@Cynic

I predict once schools start implementing closures in specific outbreak areas it will ratchet up quickly.

I completely agree.

[AmusedObserver]

@NebraskaFootball

@Cynic

Already the rumbling of all sorts of public closures along the west coast.

I have a family member that works for Red Bull in Santa Monica. They have been given instructions to cancel ALL international travel plans, and any travel within the US has to be approved by the most senior member of the American HQ.

My California-based company has implemented similar, though slightly less stringent, measures. Domestic travel is still ok, but employees are not to attend conferences even in the US. Even internal meetings of more than 50 people are to be virtual rather than in-person.

[NebraskaFootball]

@AmusedObserver

@NebraskaFootball

@Cynic

Already the rumbling of all sorts of public closures along the west coast.

I have a family member that works for Red Bull in Santa Monica. They have been given instructions to cancel ALL international travel plans, and any travel within the US has to be approved by the most senior member of the American HQ.

My California-based company has implemented similar, though slightly less stringent, measures. Domestic travel is still ok, but employees are not to attend conferences even in the US. Even internal meetings of more than 50 people are to be virtual rather than in-person.

I suspect we will start to see more and more of these internal restrictions being implemented by quite a few organizations.

[hindsight]

@Cynic

I predict once schools start implementing closures in specific outbreak areas it will ratchet up quickly.

Yeah, that’s when things will get real for majority of Americans.

[NuffSaid]

@SixFoot

Libs are mistaking the Kid Sniffer’s surge for the bump in stocks, when really it’s just the stock market sighing in relief that Trump will definitely get reelected.

So the drop today is because America realizes that Trump might get re-elected?
Solid logic.

[SixFoot]

Will get reelected.

[NuffSaid]

@SixFoot

Will get reelected.

Its down now over 1000 pts. America clearly doesn’t want Trump anymore.
Or maybe its because Warren dropped out.