Dow futures drop 1,000 pts as oil plunges 30%

[MULTIZ321]

Dow futures drop 1,000 pts as oil plunges 30%.

Dow futures drop over 1,000 pts as oil plunges 30%

The virus has infected more than 100,000 people and killed more than 3,400 globally

www.foxbusiness.com

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Richard

 

[CO skier]

... and that is only because the futures "circuit breakers" were hit.

It has been more than 10 years since anyone has had to consider stock market "circuit breakers." The circuit breakers were hit a few times during the 2008 stock market crash. The breakers slowed the decline, but did not prevent it.

Panicky Fed rate cuts, stock market selloffs hitting "circuit breakers" -- this is 2008 all over again.

"This is the perfect time to panic." -- Sheriff Woody

Not investment advice, but something to consider -- do not panic and sell, sell everything, calmly, if you have not already done so. Or, at least, lighten up on stock holdings substantially.

 

[Brett]

... and that is only because the futures "circuit breakers" were hit.

It has been more than 10 years since anyone has had to consider stock market "circuit breakers." The circuit breakers were hit a few times during the 2008 stock market crash. The breakers slowed the decline, but did not prevent it.

Panicky Fed rate cuts, stock market selloffs hitting "circuit breakers" -- this is 2008 all over again.

"This is the perfect time to panic." -- Sheriff Woody


Not investment advice, but something to consider -- do not panic and sell, sell everything, calmly, if you have not already done so. Or, at least, lighten up on stock holdings substantially.

 

[Ralph Sir Edward]

DIVE, DIVE, DIVE. . . Rig for deep submergence.

The 30 US bond is below 1% yield, the 10 year is around .41%.

This is not a drill. . . .

 

[bbodb1]

That oil prices (and finally gas prices) are dropping is a long overdue reaction to how inflated they were in the first place.

 

[Brett]

That oil prices (and finally gas prices) are dropping is a long overdue reaction to how inflated they were in the first place.

I'm not sure gas prices were 'inflated' but that's a positive take on the current situation

 

[PamMo]

The 30 US bond is below 1% yield, the 10 year is around .41%.

The real yield on a 10-year note is closer to -0.5% when you take inflation into account. https://www.marketplace.org/2020/03...-still-above-zero-not-after-inflation-though/

 

[MULTIZ321]

The Stock Market Just Fell So Fast That Trading Was Halted for the First Time Since 2008.

Stock Market Closes More Than 7.5% Down in Worst Day on Wall Street Since 2008

The S&P 500 sank the most since December 2008 and is now at a nine-month low

time.com

Richard