FATCAT 60,896 Posted March 9, 2020 Share Posted March 9, 2020 Stock futures tumbled Monday morning as investors braced for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety. Futures on the Dow Jones Industrial Average indicated an opening drop of more than 1,300 points. The S&P 500 futures indicated a 5% drop at Monday’s open. The sharp declines in the futures market signaled more turbulence ahead after a roller-coaster week that saw the S&P 500 swing up or down more than 2.5% for four days straight. The S&P futures trading was briefly halted overnight. https://www.cnbc.com/2020/03/08/dow-futures-drop-700-points-as-all-out-oil-price-war-adds-to-coronavirus-stress.html This kitten over here (meow) Link to post Share on other sites More sharing options...
FATCAT 60,896 Posted March 9, 2020 Author Share Posted March 9, 2020 If this turn out to be true, or it turns out to be much worse than this, we could be easily calling this Black Monday for the next decade. Paging @Economy because it's about to be a very messy day. This kitten over here (meow) Link to post Share on other sites More sharing options...
Antoni 5,332 Posted March 9, 2020 Share Posted March 9, 2020 Even after the stocks crashing and four people in a 12 mile radius of my home have been diagnosed, including a kid, I still have friends claiming it's all a media scam intended to scare us. Meanwhile, I don't know if I'm too worried or not worried enough. My name isn't Timmers Link to post Share on other sites More sharing options...
FATCAT 60,896 Posted March 9, 2020 Author Share Posted March 9, 2020 Just now, Timmers said: Even after the stocks crashing and four people in a 12 mile radius of my home have been diagnosed, including a kid, I still have friends claiming it's all a media scam intended to scare us. Meanwhile, I don't know if I'm too worried or not worried enough. Yea and Trump's not helping by spreading misinformation either. I'm afraid we're going to be much more susceptible to deaths because Trump's terrible response to the virus. This kitten over here (meow) Link to post Share on other sites More sharing options...
Mister G 10,513 Posted March 9, 2020 Share Posted March 9, 2020 4 minutes ago, Timmers said: Even after the stocks crashing and four people in a 12 mile radius of my home have been diagnosed, including a kid, I still have friends claiming it's all a media scam intended to scare us. Meanwhile, I don't know if I'm too worried or not worried enough. Airlines and cruiselines are suspending travel, and the death toll here rises to 21. Your friends smh; probably doesn’t help that Trump is making a mockery out of it... Link to post Share on other sites More sharing options...
Antoni 5,332 Posted March 9, 2020 Share Posted March 9, 2020 2 minutes ago, FATCAT said: Yea and Trump's not helping by spreading misinformation either. I'm afraid we're going to be much more susceptible to deaths because Trump's terrible response to the virus. I'm sure. And I live in a red state. There are people here who could watch their own neighbor die from it and still claim it's not really what's killing people. My name isn't Timmers Link to post Share on other sites More sharing options...
Mister G 10,513 Posted March 9, 2020 Share Posted March 9, 2020 1 minute ago, Timmers said: I'm sure. And I live in a red state. There are people here who could watch their own neighbor die from it and still claim it's not really what's killing people. Those people will think it’s a hoax until it affects them personally. Link to post Share on other sites More sharing options...
Lord Temptation 11,209 Posted March 9, 2020 Share Posted March 9, 2020 So instead of a New Roaring ‘20s, we’re getting a Great Depression 2.0? It’s what we deserve Link to post Share on other sites More sharing options...
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