Current Events > Dow down another 600 pts so far, just today.

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E32005
02/27/20 11:39:16 AM
#1:


YIIIIIIKEEES

trumps economy
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s0nicfan
02/27/20 11:40:39 AM
#2:


Don't worry, Bernie will do poorly in SC and the market will rebound.

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solosnake
02/27/20 11:40:59 AM
#3:


Well, I think putting pence in charge of coronavirus was the wrong call to instill confidence in the public.

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Turbam
02/27/20 11:41:28 AM
#4:


So should I buy now?

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solosnake
02/27/20 11:42:13 AM
#5:


Turbam posted...
So should I buy now?
Depends on if you think the outbreak is gonna get worse or not. Your call

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E32005
02/27/20 11:42:46 AM
#6:


s0nicfan posted...
Don't worry, Bernie will do poorly in SC and the market will rebound.

lol bernie gonna dominate donnie bone spurs and he has nothing to do with corona, unlike trump, who's fucking up.
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Machete
02/27/20 11:42:53 AM
#7:


"But donald maked america great again"
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BobanMarjanovic
02/27/20 11:43:57 AM
#8:


sjws are still saying yikes?

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lightwarrior78
02/27/20 11:45:33 AM
#9:


As much as I'd like to blame Trump, there's little he could do to boost confidence of some of the most panicky people on the planet (stock traders) while everyone is screaming "pandemic". A bit amazed he hasn't frozen trading until calmer minds can prevail.

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The Trent
02/27/20 11:46:57 AM
#10:


i mean does the president have the power to suspend trading on the stock market?

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E32005
02/27/20 11:47:10 AM
#11:


BobanMarjanovic posted...
sjws are still saying yikes?

conservatrolls are still bitching about petty shit?
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tremain07
02/27/20 11:47:22 AM
#12:


solosnake posted...
Well, I think putting pence in charge of coronavirus was the wrong call to instill confidence in the public.
Pence, the guy who started an HIV epidemic on purpose because he thought it would only affect people he hates is now in charge of something he thinks will only affect people he hates which also includes the poor. Whelp, it's about to gt worse

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E32005
02/27/20 11:47:53 AM
#13:


The Trent posted...
i mean does the president have the power to suspend trading on the stock market?

the market can be shut down. not sure if the pres needs to be the one to order. we did after 9/11.

and it can be shut down in a sell off.
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lightwarrior78
02/27/20 12:01:08 PM
#14:


E32005 posted...
the market can be shut down. not sure if the pres needs to be the one to order. we did after 9/11.

and it can be shut down in a sell off.

And after the great recession too, and for a smaller one day point drop (though not as large relatively).

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Tired-Insomniac
02/27/20 12:06:26 PM
#15:


And I was gonna cash out my 401(k) when I quit in July

At this rate I'll get like 12 cents after the early withdrawal tax lol

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Master_Bass
02/27/20 12:08:30 PM
#16:


Tired-Insomniac posted...
And I was gonna cash out my 401(k) when I quit in July

Why? That seems like a terrible move. It's one thing to transfer it to a new account, buy why cash out completely?
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divot1338
02/27/20 12:09:09 PM
#17:


How much is it down since things started dropping?

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Quicksilver
02/27/20 12:09:54 PM
#18:


The outbreak will bring the global economy to a hault. Luckily for us we had a forward thinking president who puts America first and has brought manufacturing back to America so while the global economy will get hit hard the American economy will be as strong as ever thanks to our hard working President and the strong will of hard working Americans.

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E32005
02/27/20 12:10:47 PM
#19:


divot1338 posted...
How much is it down since things started dropping?

not sure.

went down 1000 pts on monday
a few hundred more on tues/wed

today another 600

probably about 2000 total in less than a week
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BLAKUboy
02/27/20 12:10:56 PM
#20:


Don't worry, I'm sure there's nothing to worry about with Mike "Pray the AIDS away" Pence in charge of coronavirus.

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E32005
02/27/20 12:11:21 PM
#21:


Quicksilver posted...
The outbreak will bring the global economy to a hault. Luckily for us we had a forward thinking president who puts America first and has brought manufacturing back to America so while the global economy will get hit hard the American economy will be as strong as ever thanks to our hard working President and the strong will of hard working Americans.

we buy most of our steel from china...
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Tired-Insomniac
02/27/20 12:11:49 PM
#22:


Master_Bass posted...
Why? That seems like a terrible move. It's one thing to transfer it to a new account, buy why cash out completely?

When I made the original plan to do so there would have been enough after taxes to wipe out all of my debt (other than my mortgage).

I'm young enough that I can just start a new one and still be fine at retirement assuming it doesn't crash and burn again when I hit that age. I'm willing to lose out on whatever my 14k would turn into in the long term if it soothes my debt-caused depression.

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E32005
02/27/20 12:13:39 PM
#23:


All three indexes are on track for their worst weekly percentage drop since the 2007-2009 financial crisis. For the Dow and the S&P 500, this week is pacing to be the worst performance since October 2008. The Nasdaq hasn't dropped this much in a week since November 2008.
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fohstick
02/27/20 12:14:40 PM
#24:


trump is playing 4D chess right now. Just wait it out
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E32005
02/27/20 12:15:27 PM
#25:


fohstick posted...
trump is playing 4D chess right now. Just wait it out

been waiting 4 years now....
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Arrow2theknees
02/27/20 12:21:12 PM
#26:


s0nicfan posted...
Don't worry, Bernie will do poorly in SC and the market will rebound.

he still thinks it's about bernie
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Master_Bass
02/27/20 12:22:33 PM
#27:


Tired-Insomniac posted...


When I made the original plan to do so there would have been enough after taxes to wipe out all of my debt (other than my mortgage).

I'm young enough that I can just start a new one and still be fine at retirement assuming it doesn't crash and burn again when I hit that age. I'm willing to lose out on whatever my 14k would turn into in the long term if it soothes my debt-caused depression.

Fair enough. You might want to look into 401K loans too. That way you're at least putting some money back with a bit of interest. I get that you probably don't want more debt, though, and it might not be the right for you.
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AngelsNAirwav3s
02/27/20 12:43:49 PM
#28:


The market is almost back to even for the day

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solosnake
02/27/20 1:53:06 PM
#29:


Its dropped back down to 600 again

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E32005
02/27/20 1:53:40 PM
#30:


solosnake posted...
Its dropped back down to 600 again

lol. trumpers thought they had a chance for a moment there....
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kingdrake2
02/27/20 1:58:14 PM
#31:


E32005 posted...
probably about 2000 total in less than a week


x amount of shares X dwindling stock = great loss :(.
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FoldingProjects
02/27/20 1:59:42 PM
#32:


Ironically this much 'loss' doesn't mean much for anyone except China.

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coinstarcad
02/27/20 2:10:38 PM
#33:


That HAS to be a hoax. The economy is doing better than ever before according to our president.
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Mark_DeRosa
02/27/20 2:19:17 PM
#34:


lets not pretend this is a trump or market thing lol. This worldwide panic over a virus

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lightwarrior78
02/27/20 2:19:49 PM
#35:


coinstarcad posted...
That HAS to be a hoax. The economy is doing better than ever before according to our president.
People's retirement funds being slowly erroded away because people can't stop themselves from panicking, but sure, take cheap shots.

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Broseph_Stalin
02/27/20 2:20:13 PM
#36:


lightwarrior78 posted...
People's retirement funds being slowly erroded away because people can't stop themselves from panicking, but sure, take cheap shots.

you don't know how investment works
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#37
Post #37 was unavailable or deleted.
solosnake
02/27/20 2:22:32 PM
#38:


Mark_DeRosa posted...
lets not pretend this is a trump or market thing lol. This worldwide panic over a virus


Health and Human Services Secretary Alex Azar, who has been leading the coronavirus task force, was blindsided by the White House decision to put Vice President Pence in charge of the response to the virus outbreak, according to five people familiar with the situation, who said Azar learned of the decision only moments before the Wednesday evening press conference.

https://www.politicususa.com/2020/02/26/trump-blindsided-his-hhs-secretary-with-pence-replacement-on-coronavirus.html

Putting Pence in charge of coronavirus is definitely not helping matters.

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RchHomieQuanChi
02/27/20 2:23:03 PM
#39:


Just got my tax return. Debating on if I should buy some Disney stocks now or wait until they plummet further

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solosnake
02/27/20 2:24:03 PM
#40:


RchHomieQuanChi posted...
Just got my tax return. Debating on if I should buy some Disney stocks now or wait until they plummet further
The virus still hasnt even really hit us yet. Imagine if it gets worse like japan or italy?

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Odoylerules
02/27/20 2:25:56 PM
#41:


solosnake posted...

The virus still hasnt even really hit us yet. Imagine if it gets worse like japan or italy?

If companies start shitting down and people stay home it will be a disaster
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#42
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Machete
02/27/20 2:46:01 PM
#43:


Mark_DeRosa posted...
lets not pretend this is a trump or market thing lol. This worldwide panic over a virus


A virus that was probably directly caused by trump
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The Trent
02/27/20 2:46:22 PM
#44:


Odoylerules posted...
If companies start shitting down and people stay home it will be a disaster

y'all are wild

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E32005
02/27/20 2:47:55 PM
#45:


The Trent posted...


y'all are wild

shit
down
everything
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Lordofkhyber
02/27/20 2:48:30 PM
#46:


Machete posted...
A virus that was probably directly caused by trump

What? Machete my man what are you talking about?

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kingdrake2
02/27/20 3:30:23 PM
#47:


the virus wasn't caused by trump. there's multiple conspiracy theory's it was a lab accident. a bat, asian cobra, pangolin, even from that wet market.

coming from china only they know.
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lightwarrior78
02/27/20 4:09:44 PM
#48:


Machete posted...
A virus that was probably directly caused by trump

Under what logic would someone cause a massive economic downturn when up for re-election?

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E32005
02/27/20 4:22:11 PM
#49:


1200 points in one day
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Dark_SilverX
02/27/20 4:23:25 PM
#50:


Murrica becoming great again. Viruses, stock market crashes, ect.

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