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Dow futures down over 1000 for March 9

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  • Dow futures down over 1000 for March 9

    https://www.cnn.com/2020/03/08/inves...rus/index.html

    Looks like another rough week coming . hows that 401k doing now?

  • #2
    global markets are down. But orange man bad! Derp!

    Comment


    • #3
      Did I mention Anyone.....****ing clown!

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      • #4
        The biggest bubble in world history is in the process of deflating. Hope you all are prepared.

        Comment


        • #5
          Originally posted by mhgaffney View Post
          The biggest bubble in world history is in the process of deflating. Hope you all are prepared.
          I'm hoping you saved me a place in the Gaffobunker (patent pending).

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          • #6
            Originally posted by Rohirrim View Post

            I'm hoping you saved me a place in the Gaffobunker (patent pending).
            Haha. very funny.

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            • #7
              I’ve been preparing for something like this for a while, bring it on.

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              • #8
                Originally posted by 69bronco View Post
                I’ve been preparing for something like this for a while, bring it on.
                Sitting on millions in cash ready to time the market?

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                • #9
                  Saudis launch price war against Russia: https://www.cnn.com/2020/03/08/inves...bia/index.html

                  I just feel more secure knowing that we have a 4D chess guy like Trump in the WH.

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                  • #10
                    Originally posted by DenverBrit View Post

                    Sitting on millions in cash ready to time the market?
                    I wish, just 100% debt free with assets and a few years worth of supplies in case of emergency.

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                    • #11
                      Originally posted by DenverBrit View Post

                      Sitting on millions in cash ready to time the market?
                      No gold. Hey ak1971 it never hit $1000!

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                      • #12
                        So now it is Sunday March 15. The fed cut the rates to 0.0 % to 0.25% today . Right after that the futures tanked and hit the limits again for tomorrow.
                        As of 4:40 PM MST the Dow futures are off 1241 points and trading is halted.

                        Ready for another melt down tomorrow?

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                        • #13
                          Originally posted by ScottXray View Post
                          So now it is Sunday March 15. The fed cut the rates to 0.0 % to 0.25% today . Right after that the futures tanked and hit the limits again for tomorrow.
                          As of 4:40 PM MST the Dow futures are off 1241 points and trading is halted.

                          Ready for another melt down tomorrow?
                          Click image for larger version

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                          • #14
                            Federal Reserve slashes rates to zero, restarts QE in emergency Sunday announcement

                            Brian Cheung
                            Reporter
                            Yahoo FinanceMarch 15, 2020

                            https://finance.yahoo.com/news/feder...1yL5r53ik_WI-H

                            Powell might as well have stepped out on a dark night with a shot gun and fired at random -- for all the good this will do.

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                            • #15
                              The fed is basically down to zero ability to respond to the recession now. All they can do is give banks unlimited (inflated) dollars to lend to businesses and maybe consumers ( at inflated rates) .

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