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  • myoung321
    myoung321 Posts: 2,855
    mickeyrat said:
    I surely hope this has companies rethinking so much manufacturing and import from China
     The greed of profit over all else will eventually come back and bite us...  
    "The heart and mind are the true lens of the camera." - Yusuf Karsh
     


  • oftenreading
    oftenreading Victoria, BC Posts: 12,856
    mrussel1 said:
    oftenreading said:
    Panic always fucks up things that didn’t need to be fucked up. This didn’t need to happen. The markets will recover. 
    It will recover, but the market is right.  Profits and earning are likely to be way down in the next quarter or two.  The economic hit from this is real.  Every company I deal with has cancelled travel for the next 30 days to start.  Think about the effect on airline revenue, hotels, food, bars, etc.  That's just one little microcosm.  Then extrapolate it.  

    Sure, the economic effect of the virus is real, but panic will accentuate it in ways that aren't necessary. 
    my small self... like a book amongst the many on a shelf
  • myoung321
    myoung321 Posts: 2,855
    Keep your arms and legs in the vehicle at all times.. gonna be a bumpy ride!
    "The heart and mind are the true lens of the camera." - Yusuf Karsh
     


  • Smellyman
    Smellyman Asia Posts: 4,528
    edited March 2020
    What?  Economies can't go up forever?

    When greed takes precedent over everything else they have to adjust.
    Post edited by Smellyman on
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,662
    edited March 2020
    myoung321 said:
    Keep your arms and legs in the vehicle at all times.. gonna be a bumpy ride!

    When I was a kid, my sister took drivers ed at school.  This was back in the day when they showed kids movies of people in a crash losing body parts like arms and heads that were outside the window of a vehicle.  So now, whenever my wife and I are out and about, if I see an arm or a leg sticking out a window I say, "Let's get close- that  arm is coming off!"  She rolls here eyes, I laugh, and give the guy a break.
    "It's a sad and beautiful world"
    -Roberto Benigni

  • tempo_n_groove
    tempo_n_groove Posts: 41,371
    OPEC asked for help from Russia to lower production to increase oil prices, they declined so OPEC flooded the market with cheap crude and sent the prices tumbling and the rest of the stock market with it.

    Happy Monday Morning to you.
  • tempo_n_groove
    tempo_n_groove Posts: 41,371
    FYI Light sweet Crude is hovering at just over $30 a barrel.

    Crazy...  Down 25%.
  • mrussel1
    mrussel1 Posts: 30,879
    tempo_n_groove said:
    FYI Light sweet Crude is hovering at just over $30 a barrel.

    Crazy...  Down 25%.
    The fracking will be shut down in the US. 
  • CM189191
    CM189191 Posts: 6,927
    #trumpslump
  • tempo_n_groove
    tempo_n_groove Posts: 41,371
    mrussel1 said:
    tempo_n_groove said:
    FYI Light sweet Crude is hovering at just over $30 a barrel.

    Crazy...  Down 25%.
    The fracking will be shut down in the US. 
    The reason it will shut down is from the overall cost it takes to get the oil.  Read an interesting article on the shale deposits.

    If you have money invested in that I would pull out.  Not looking so good.
  • CM189191
    CM189191 Posts: 6,927
    CM189191 said:
    #trumpslump
    https://youtu.be/sGFkad-N-kk?t=167
  • mrussel1
    mrussel1 Posts: 30,879
    tempo_n_groove said:
    mrussel1 said:
    tempo_n_groove said:
    FYI Light sweet Crude is hovering at just over $30 a barrel.

    Crazy...  Down 25%.
    The fracking will be shut down in the US. 
    The reason it will shut down is from the overall cost it takes to get the oil.  Read an interesting article on the shale deposits.

    If you have money invested in that I would pull out.  Not looking so good.
    Yes, because the light sweet crude is almost the same price.  I would never invest in that product.  It's boom or bust.  It's an ongoing cycle of ramping up and shutting down.  
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,192
    Down 1,885 prior to halting trading. Thanks very stable genius. Scowling and stalking around and trying to BS your way through this is not a good look.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • The Juggler
    The Juggler Posts: 49,594
    But...but Donald Trump said "the stock market is starting to look very good to me (!)" two weeks ago today. 

    www.myspace.com
  • tempo_n_groove
    tempo_n_groove Posts: 41,371
    Halifax2TheMax said:
    Down 1,885 prior to halting trading. Thanks very stable genius. Scowling and stalking around and trying to BS your way through this is not a good look.
    Blame the corona virus for the start of this not Trump.

    His smugness of us being ok about it makes him sound like a used car dealer though.




  • JimmyV
    JimmyV Boston's MetroWest Posts: 19,598
    Nero. Rome Burning.

    image

    ___________________________________________

    "...I changed by not changing at all..."
  • mrussel1
    mrussel1 Posts: 30,879
    JimmyV said:
    Nero. Rome Burning.

    image

    I posted the same on the Trump page.  It's hilarious that neither of these dolts understands the reference.  
  • The Juggler
    The Juggler Posts: 49,594
    edited March 2020
    It's a good thing we gave tax cuts to the very wealthy during a time when the economy didn't need any help. Also a good thing the president bullied the fed to cut interest rates at a time they didn't really need to. Not like we could that extra ammo right now. 

    Also a good thing this administration has spent and spent and spent like none before it over the last three years. 

    None of those things are going to come back and bite us in the ass.

    Oh wait.....the president bankrupted a casino multiple times? Fuck. Who could have ever predicted this?
    www.myspace.com
  • tempo_n_groove
    tempo_n_groove Posts: 41,371
    So I just learned that the stock market has a "circuit breaker".

    The market shuts down at 7% for 15 minutes.  It will then shut down for an additional 15 minutes if it goes down 13%.

    If the market drops 20% trading resumes for the day.

    Never knew this.
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,192
    tempo_n_groove said:
    Halifax2TheMax said:
    Down 1,885 prior to halting trading. Thanks very stable genius. Scowling and stalking around and trying to BS your way through this is not a good look.
    Blame the corona virus for the start of this not Trump.

    His smugness of us being ok about it makes him sound like a used car dealer though.




    Markets like stability and the world used to look to the United States for steady, effective leadership during times of crisis. Team Trump Treason is trying to BS his way through this and that should be obvious to anyone paying attention. I absolutely blame Team Trump Treason as he dismantled and defunded the apparatus initiated by Obama, because it was an Obama era program, and an Obama era program only, that was created for a situation just like this. Really, don’t blame Team Trump Treason? For fucks sake.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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