2.5 trillion wiped out as stocks crash worse since 2008,Fed might attempt bailout

[Jack]

$2.5 Trillion Wiped Out As World Stocks Crash Most Since 2008

As for global stocks, it's much of the same. MSCI All-Country World Stock Index is down 5.3%, on the worst day since December 2008. The move has wiped out approximately $2.5 trillion in value of global stocks, noted Reuters.

https://www.zerohedge.com/markets/25-trillion-wiped-out-world-stocks-crash-most-2008

"While we continue to assess the economic impacts, Chairman Grassley is exploring the possibility of targeted tax relief measures that could provide a timely and effective response to the coronavirus," said a Grassley spokesperson.

"Several options within the committee’s jurisdiction are being considered as we learn more about the effects on specific industries and the overall economy."

* * *

Shortly after we posted a prediction from Goldman's David Mericle that the government and/or the Fed will need to immediately step in with monetary and fiscal stimuli to try and manage the recent chaos in the markets, VOA's Steve Herman reports that the White House will be holding a meeting to discuss economic stimulus later this afternoon. The meeting will include Treasury Secretary Mnuchin and the economic team.

https://www.zerohedge.com/economics/white-house-hold-meeting-discuss-economic-stimulus

 

[Ghost in the Machine]

Just with this shit they also ruined all of Trump's financial progress. Trump was doing great. Maybe he is the man fit for the job to ensure this won't all go down the drain, especially if this continues.

Trump is a business man to the core, it was one of the reasons why many deemed him entirely unfit as a president to run the country.

I'm positive he knows his way around money and the economy more than anyone could dream as a president and will be able to coordinate and organize everything in a way that will reduce the blow to the economy. Could save millions of lives if he pulls it off.

 

[jbkbmz]

The Corona Virus scare ( 2 strains now ? ),..
The stocks fall..
Oil falls. ( I don't see gas prices in the U.S. falling ).
All 3 are affecting the economy in some way. Not sure how severe.

 

[jbkbmz]

The Corona Virus scare ( 2 strains now ? ),..
The stocks fall..
Oil falls. ( I don't see gas prices in the U.S. falling ).
All 3 are affecting the economy in some way. Not sure how severe.

 

[Pirate11]

Meanwhile, somewhere, someone:

"BuY tHe DiP, StOnKs OnlY gO uP"

 

[Hotcar]

Well on top of this crash, the 8.7 dollar Coranavirus Bill that came from nowhere (lolz) is that going to even have an effect other than us common folk paying more and more?

 

[Seeker_of_Light]

Meanwhile, somewhere, someone:

"BuY tHe DiP, StOnKs OnlY gO uP"

Now is a good time to buy, maybe even a few weeks from now when it could be even lower. Invested in the 2008 world ending recession, and made quite a bit. Something to consider for fellow Zevism with a little bit of money to spare. Might as well make a few dollars if you can out of this.

 

[Ol argedco luciftias]

Trump has been talking about how next year he is going to work on abolishing the FED and have America retake control over our own economics. And like a week later this happens, they are trying to use this as an excuse to say how we need the FED to take care of us.

 

[User8362817162]

I think what I think because it's simply the factual data, and because it's real and because we aren't to where there are 167 deaths in the US daily because of the Coronavirus.

When and if surpass these dead numbers daily, then, it will be worse. We are simply not there yet. All of what you state is mostly human mistake, panic, and lack of care from governments or their abilities to deal with this. Not the virus death toll itself.

Agree to disagree I suppose. It's factual data that the US has been severely lacking in testing. Who knows how many deaths have been chalked up as pneumonia as of late, the true number of coronavirus cases and deaths remains a mystery in the US, this is simply fact. Yesterday the USA cases shot up from 450 to 700, and today we are at 974, and the day isn't even close to over. This is simply because we are FINALLY starting to test patients, however these cases have been here all along let's be honest, and there are many many more undiscovered.

Also there are countless scientific papers written up on the virus from all over the world stating this is more than the flu, countless videos of infected spontaneously dropping to the floor due to respiratory failure. Doesn't sound like the flu to me. Regardless, in the grand scheme of things Satan will prevail so I guess the little details won't change the final outcome.

 

[High Priest Zevios Metathronos]

I think what I think because it's simply the factual data, and because it's real and because we aren't to where there are 167 deaths in the US daily because of the Coronavirus.

When and if surpass these dead numbers daily, then, it will be worse. We are simply not there yet. All of what you state is mostly human mistake, panic, and lack of care from governments or their abilities to deal with this. Not the virus death toll itself.

Agree to disagree I suppose. It's factual data that the US has been severely lacking in testing. Who knows how many deaths have been chalked up as pneumonia as of late, the true number of coronavirus cases and deaths remains a mystery in the US, this is simply fact. Yesterday the USA cases shot up from 450 to 700, and today we are at 974, and the day isn't even close to over. This is simply because we are FINALLY starting to test patients, however these cases have been here all along let's be honest, and there are many many more undiscovered.

Also there are countless scientific papers written up on the virus from all over the world stating this is more than the flu, countless videos of infected spontaneously dropping to the floor due to respiratory failure. Doesn't sound like the flu to me. Regardless, in the grand scheme of things Satan will prevail so I guess the little details won't change the final outcome.

People die from the flu and some cough blood or display pneumonia like symptoms even from the flu. Contacting the flu when one is already sick or has terminal heart conditions, can also make someone drop dead like these videos, if the flu affects the lungs badly.

What I am trying to say, the flu is still bad as it is. I do not in anyway undervalue the dangers and the people killed, nor the fact that we are lied to or that the situation is worse than publicly displayed. However most people do until now recover, and the majority does not die. The Western data is to be trusted more.

There will be many more patients and in the US it's more to be trusted that reported data will be less lying due to multi checking and closer to correct. It's this data that matters more. For all we know in China it could be millions and they wouldn't even say anything.

As I have stated before, the worst case scenario is when and if containment efforts are lost, and then the Coronavirus ends up in the loose like the terminal flu, like the already existing one. This will kill an X % of people per year, which is brutal as it is.

We don't have to entirely agree on these subjects, it's ok, all that is required is valid and proper information, and from there on everyone has their views. I mean, I definitely do not know as much as a doctor. If I was a doctor with 40 years of experience, or a Pandemic specialist who has seen many of these, I would see this differently, you get what I mean here.

 

[User8362817162]

People die from the flu and some cough blood or display pneumonia like symptoms even from the flu. Contacting the flu when one is already sick or has terminal heart conditions, can also make someone drop dead like these videos, if the flu affects the lungs badly.

What I am trying to say, the flu is still bad as it is. I do not in anyway undervalue the dangers and the people killed, nor the fact that we are lied to or that the situation is worse than publicly displayed. However most people do until now recover, and the majority does not die. The Western data is to be trusted more.

There will be many more patients and in the US it's more to be trusted that reported data will be less lying due to multi checking and closer to correct. It's this data that matters more. For all we know in China it could be millions and they wouldn't even say anything.

As I have stated before, the worst case scenario is when and if containment efforts are lost, and then the Coronavirus ends up in the loose like the terminal flu, like the already existing one. This will kill an X % of people per year, which is brutal as it is.

We don't have to entirely agree on these subjects, it's ok, all that is required is valid and proper information, and from there on everyone has their views. I mean, I definitely do not know as much as a doctor. If I was a doctor with 40 years of experience, or a Pandemic specialist who has seen many of these, I would see this differently, you get what I mean here.

Fair enough! Only time will tell in the end, I would rather be incorrect and this more or less blow over sooner than later.

 

[Pirate11]

Now is a good time to buy, maybe even a few weeks from now when it could be even lower. Invested in the 2008 world ending recession, and made quite a bit. Something to consider for fellow Zevism with a little bit of money to spare. Might as well make a few dollars if you can out of this.

It is not a good moment to invest in stocks. It is a great moment to buy SELL options though. For a good moment to actually buy stocks, you'll have to wait for the end of the bear market (=going down), and no one knows when it happens. Take care

 

[Seeker_of_Light]

It is not a good moment to invest in stocks. It is a great moment to buy SELL options though. For a good moment to actually buy stocks, you'll have to wait for the end of the bear market (=going down), and no one knows when it happens. Take care

I agree, I like the way you think! Wishing fellow Zevism health and safety through this as it progresses and eventually passes. If you invest, wishing you great gains.

 

[Savitar]

Using options instead of buying/selling stocks is a better idea becasue your positions are way more flexible, you have totally control over it, you can easilly transform and adjust it.
You can even set up trades, that profit regardless where the market goes.

If we look at the statistics, all the advices of stock market gurus are horrible most of the predictions are below 50% and the best are only around 60%.

The best thing you can do is to invest into education, training, especially the psychological part. You can benefit from this in all parts of your life. (Learning how to handle intense emotions such as fear, greed, sticking to a strategy regardles of feels, strategic thinking, etc.)

If you try trading/investing without this, you will lose that money anyway.

 

[ToZ Forum Contributions]

I have heard that Pharma stocks are the stocks to invest in with the pandemic situation. However I make no predictions or give any advice its on yourselves what you all do.

 

[Pirate11]

BE CAREFUL - financial advice on these matters can be serious and damning. DO NOT GIVE OR TAKE ANY ADVICE LIGHTLY!

Use your own judgement on this, and watch the stock market daily. If you have stocks, you got to watch it at least once a day, if not numerous times a day. There are mobile applications that you should have on your phone for this, especially at a time such as now. If you have a lot of stocks or you live by them largely, this becomes dire, better be watching it frequently as one watches their business.

That should be without saying.

People reading us talking about stocks should understand that we do not know their personal financial situation and that we are not giving financial advice, nor is any of us responsible in any way for what they do with their money. The market is lately VERY volatile and one cannot predict its direction.
I would add that this is regarding messages talking about medicine or medicine related topics. No one on this forum is responsible for your health! Always consult your doctor, people online are NOT qualified for giving medical advice. Even if there is any doctor, you would never know due to the anonymity level required in this forum.

Short: People reading this, don't take medical and/or financial opinions and advice from anonymous strangers you meet online. That would be very stupid and will probably harm you.

 

[The Jackal]

Current situation in stock markets:

So much manipulation going on right now to keep markets up its hilarious. Everytime you see DOW Jones going up 1500 points its almost always at times when they activate plunge protection teams LOL! And they quietly also started already QE4 program on top of that. I've been reading recently how they're trying to change Federal Reserve Act so they would be able to buy stocks like in Japan since negative interest rates probably wont help.

 

[Soaring Eagle 666]

...

....

Thanks for taking the time to write such a complete answer! I'll try to be observant of the economy. For now, I'll just watch and wait. I'm not depending on stocks to buy food or anything, but I am eager to move out of my xtian parents' house, which I won't do until I have a nice buffer of money saved away. I have about 40% invested in historical winners, *which seem to have done well (up until February 19, that is :shock: ). Perhaps if the situation worsens I'll re-evaluate that.

 

[Pirate11]

Today (Monday, 16th March 2020), US markets are going to take another huge hit after FED did the most retarded thing ever. They probably did this on purpose though. FED did cut rates again, like a lot. This has been perceived as the economy being weak, and as a result, markets are in free fall ($SPY -10% in pre-hours. For who doesn't know much about stocks, that's huge).

 

[Jack]

Today (Monday, 16th March 2020), US markets are going to take another huge hit after FED did the most retarded thing ever. They probably did this on purpose though. FED did cut rates again, like a lot. This has been perceived as the economy being weak, and as a result, markets are in free fall ($SPY -10% in pre-hours. For who doesn't know much about stocks, that's huge).

Aayy lmao

 

[Pirate11]

Aayy lmao

What? This is nothing to be happy about