Current Events > Dow Dives 1,900 Points, NYSE Halts Trading As Stock Indexes Plummet

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GoogleNews
03/09/20 10:31:24 AM
#1:


https://n.pr/39zTcBK (NPR)


A trader reacts on the floor of the New York Stock Exchange on Monday. Major U.S. stock indexes plunged 7% before trading was temporarily halted.

Trading on the New York Stock Exchange was halted Monday after indexes plunged 7% in reaction to Saudi Arabia's sudden oil-price cut. The financial market chaos is the latest reaction to the coronavirus epidemic.
In early trading, the Dow Jones Industrial Average was down more than 1,900 points more than 19% off its February peak. Stocks fell sharply in Asia and Europe.
The price of oil also fell down 21% on Monday following the unexpected Saudi move.

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Antifar
03/09/20 10:31:50 AM
#2:


Line goes down
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kin to all that throbs
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CrazyandLazy
03/09/20 10:32:20 AM
#3:


Some CEmen wants to watch the world burn
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ScazarMeltex
03/09/20 10:33:31 AM
#4:


And so it begins.

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"If you wish to converse with me define your terms"
Voltaire
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Were_Wyrm
03/09/20 10:40:08 AM
#5:


No excuses Trump.

https://i.imgur.com/dU8NjJN.jpg

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I was a God, Valeria. I found it...beneath me. - Dr. Doom
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Error1355
03/09/20 10:42:31 AM
#6:


Were_Wyrm posted...
No excuses Trump.
That's come back to bite him in the ass like 3 times in the last week.

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Take my hand, follow us into the black so far that we can't get back.
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Doe
03/09/20 10:42:41 AM
#7:


Apparently that Tweet is fake

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EndOfDiscOne
03/09/20 10:45:42 AM
#8:


Buy high, sell low

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I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!
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EvalAngell
03/09/20 10:46:34 AM
#9:


The capitalized TREMENDOUS SPEED gets me every time

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Perfectly balanced.
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KillerSlaw
03/09/20 10:46:39 AM
#10:


Anyone jumping off bridges yet?

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KS
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FakeHoax
03/09/20 10:48:38 AM
#11:


Were_Wyrm posted...
No excuses Trump.

https://i.imgur.com/dU8NjJN.jpg

Fake tweet proven fake
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Hi
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Newhopes
03/09/20 10:49:44 AM
#12:


Feds already pumped in 112 billion today...

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Cheater87
03/09/20 10:49:52 AM
#13:


Will we have a 1920s style crash?

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Doom, the game with unlimited ways to play.
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puppy
03/09/20 10:50:04 AM
#14:


In todays world, doesnt matter if its fake or not. It just matters if it sticks the landing.

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You look under puppy's message.
You find a potion!
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Tyranthraxus
03/09/20 10:55:40 AM
#15:


Were_Wyrm posted...
No excuses Trump.

https://i.imgur.com/dU8NjJN.jpg
That tweet is proven fake. There's another alleged tweet that he said if the Dow falls by more than 400 the president should be impeached immediately but it doesn't appear to exist in his account and is probably also fake. No archive site recorded it so apocryphal screenshots are the only evidence.

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It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
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#16
Post #16 was unavailable or deleted.
EndOfDiscOne
03/09/20 11:00:36 AM
#17:


Spooking posted...
And to nobody's surprise a mod falls for it. lol
LMAO

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I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!
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KillerSlaw
03/09/20 11:02:46 AM
#18:




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KS
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spanky1
03/09/20 11:04:07 AM
#19:


What's crazy is that tweet is fake but it legit looks like something trump would literally tweet, as insane as it reads.
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KillerSlaw
03/09/20 11:05:19 AM
#20:


spanky1 posted...
What's crazy is that tweet is fake but it legit looks like something trump would literally tweet, as insane as it reads.

Thanks I feel like I'm okay at it. Wasn't sure if I should misspell plagiarism or not

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KS
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Antifar
03/09/20 11:06:23 AM
#21:


That tweet is fake, but this one is real

https://twitter.com/EricTrump/status/1233478845719818242?s=20
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kin to all that throbs
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Squall28
03/09/20 11:10:10 AM
#22:


All my gains T.T

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If you're going through hell, keep going.
-Winston Churchill
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LampChop
03/09/20 11:13:18 AM
#23:


Spooking posted...
And to nobody's surprise a mod falls for it. lol


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If there was money in the purse, say like 15 dollars how much would it be worth now cause of inflation? - FuneralFroth
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Machete
03/09/20 11:14:57 AM
#24:


demented dickless deplorable detestable delusional dumpster donald drives dow down, demonstrating disastrous derangement
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#DespicableDonald #LockTrumpUp
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MisterPorn
03/09/20 11:15:45 AM
#25:


People resorting to posting fake Trump tweets. That is so sad. He says enough dumb stuff all you doing is giving his supporters ammo for the fake news remarks.

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I am un chien andalusia.
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TheCodeisBosco
03/09/20 11:16:12 AM
#26:


https://youtu.be/neJorQci-wI

It may not be Friday, but... still appropriate.

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The music was thud-like.
The music was... thud-like.
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E32005
03/09/20 11:16:32 AM
#27:


Doe posted...
Apparently that Tweet is fake

does it matter? lol
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solosnake
03/09/20 11:16:54 AM
#28:


Taking bets, will Dow close today at above or below -1500?

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Doe
03/09/20 12:38:51 PM
#29:


E32005 posted...
does it matter? lol
Yes, just like it matters that Joe Biden didn't just say we can only re-elect Trump, and just like it matters that Bernie Sanders hasn't really endorsed the authoritarian regimes of countries like Cuba.

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s0nicfan
03/09/20 12:43:20 PM
#30:


Apparently the drop is driven largely by Russia and Saudi Arabia getting into a fight over how much to restrict oil production. Russia doesn't want to cut (presumably because they need the money) so in response Saudi Arabia increased production and offered deals to undercut Russia entirely.

https://www.bbc.com/news/business-51796806
The price of crude oil is about half the level it hit in early January.

The root cause of that is the coronavirus. It has hit demand for oil and some of the big exporters have been trying to stabilise its price.

Last week a group of them discussed production cuts.

But the biggest producer among them, Russia refused and the oil price fell further.

Then at the weekend, Saudi Arabia, the biggest of the producers that were pressing Russia to agree output cuts, announced it would increase supplies and offered discounts to its buyers. That sent the oil price into freefall.

That in turn undermined stock markets, although it wasn't the only factor. The lower oil price is a problem for the credit markets.

Many American shale producers are likely to be unviable and they have borrowed in the high risk debt market, issuing what are called junk bonds. So there is the potential for losses for investors who hold those bonds.

Cheaper oil is obviously a benefit for users. Airlines have been hit by a decline in bookings, but cheaper fuel will offset that a little. And in time, there will be an impact on the price that motorists pay, although in many countries, including Britain, tax accounts for most of what they pay.

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"History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz
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tigerslashII
03/09/20 12:53:15 PM
#31:


solosnake posted...
Taking bets, will Dow close today at above or below -1500?
There is usually an end of trading day rally. I'd say right around 1200 closing.

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Get a loada this guy here.
https://imgur.com/5fTKLaM
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Guerrilla Soldier
03/09/20 12:54:17 PM
#32:


wasn't diamond joe taking credit for reviving the stock market

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Disclaimer: There's a good chance the above post could be sarcasm.
Die-hard Oakland A's fan --- Keep the A's in Oakland!
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WrkHrdPlayHrdr
03/09/20 1:06:59 PM
#33:


E32005 posted...
does it matter? lol

Yes. Fake tweets on both sides that are spread around should be called out as bullshit.

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"I also advised their executives through e-mail that further behavior could result in a cyber attack[...]"
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MrToothHasYou
03/09/20 1:09:57 PM
#34:




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http://weareontherun.bandcamp.com
^^^^^ HEY! ^^^ LISTEN! ^^^^^
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coinstarcad
03/09/20 1:16:00 PM
#35:


Rocket fuel for the economy.
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Questionmarktarius
03/09/20 1:17:14 PM
#36:


Bernie coming into a down economy would be hilarious.
...better stock up on bullets.
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Tryhaptaward
03/09/20 2:38:09 PM
#37:


Questionmarktarius posted...
Bernie coming into a down economy would be hilarious.
...better stock up on bullets.

yikes

and how much further is it going to drop? More this week?
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Sad_Face
03/09/20 2:50:06 PM
#38:


https://www.youtube.com/watch?v=Fjg5lYqvzUs

Market tumble live stream
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imgtc.com/i/4HgTl0ebzq.jpg imgtc.com/i/60CWP2Gtlg.gif
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Damn_Underscore
03/09/20 2:53:52 PM
#39:


Yeah this is probably the thing that makes Trumps lose.

Get your Biden 2024 gear ready
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tremain07
03/09/20 3:02:18 PM
#40:


This won't harm Trump at all, if anything it'll harm Biden and Democrats

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IGN: Sun
FC: 0061-0132-7564
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The Trent
03/09/20 3:03:03 PM
#41:


tremain07 posted...
This won't harm Trump at all, if anything it'll harm Biden and Democrats


Go on...

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i swear to God most of y'all cats just don't know The Trent
you barely know yourself so i guess most of y'all should be offended
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NinjaWarrior455
03/09/20 3:05:13 PM
#42:


tremain07 posted...
This won't harm Trump at all, if anything it'll harm Biden and Democrats
Now this is a take if I've ever seen one

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tremain07
03/09/20 3:06:56 PM
#43:


The Trent posted...
Go on...
Republicans will blame it all on Sanders, Biden and Obama, the media will repeat it and late night hosts will balk at it which will make people start to believe it more because everyone knows the late night hosts are Anti-Trump so obviously they would repeat a lie their liberal masters put out to harm him, there are people who believe the Muellar investigation, Impeachment and even closing of his charity and university were all moves made to harm Trump and not legitimate. Dude is invincible to negativity with his base, who owns the republican party, so those stooges will repeat the lie or else get primaried and Trump will hold rallies where his base will boo the democrats as he blames it all on the.

Repeat a lie enough and it becomes the truth and that's the world we live in this isn't the mushroom kingdom or some shit like that!

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Zack_Attackv1
03/09/20 3:23:23 PM
#44:


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Mistere Man
03/09/20 3:35:29 PM
#45:


Why is it falling so much?

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Water+Fall=Radiation.
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Kazi1212
03/09/20 3:39:52 PM
#46:


We had a 10+ year bull run, was about time to give back a bit, can't blame it on daddy Trump for this one.

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My mind is an open book, do you find it entertaining? At least be original in your responses then.
"Don't call me a God, call me a Sadist"
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Questionmarktarius
03/09/20 3:40:24 PM
#47:


Mistere Man posted...
Why is it falling so much?
Double panic POWERRRRRRRRR!
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Mistere Man
03/09/20 3:41:21 PM
#48:


Questionmarktarius posted...
Double panic POWERRRRRRRRR!
I looked it up strange that dropping oil prices cause such panic.

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Water+Fall=Radiation.
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solosnake
03/09/20 4:02:47 PM
#49:


tigerslashII posted...
There is usually an end of trading day rally. I'd say right around 1200 closing.
-2000

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"We would have no NBA possibly if they got rid of all the flopping." ~ Dwyane Wade
https://imgur.com/MYYEIx5 https://imgur.com/WGE12ef
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