Author Topic: Coronavirus - Stock Market Crash / Economic Impact (Read 33648 times)

Dave D · « **Reply #50 on:** March 14, 2020, 11:11:25 AM »

Quote from: Matt on March 14, 2020, 10:09:27 AM

I think I already had the coronavirus. I would have to check my Ironage Facebook posts to show that.

It was like having a dry cough with lingering phlegm for a longer than usual period of time [for me, it took 11 days to clear].

That is not Covid19 Matt. My medical opinon, based on your symptoms, is that you did not experience Covid19, rather you have Stockholmers* syndrome. A condition that left untreated gets worse with age.

*Stockholmers, also known as Canningism, is a syndrome where the victim identifies with whatever disease is the popular, in season illness. Sufferers of the condition tend to fall in two categories, they either have a very mild case and talk about how their immune is very strong or they have the worst version of the virus and were near death, despite never visiting a medical professional. Either way the individuals of the syndrome make sure everyone they come into contact with suffers from hearing about their experience of the phantom disease.

deadz · « **Reply #51 on:** March 14, 2020, 05:16:55 PM »

Quote from: deadz on March 14, 2020, 10:00:21 AM

Those people living paycheck to paycheck will absolutely be destroyed. The homeless population will soar after this crisis.

Merging my thread! How could you!

Teutonic Knight 1 · « **Reply #52 on:** March 14, 2020, 06:01:17 PM »

Quote from: deadz on March 14, 2020, 05:16:55 PM

Merging my thread! How could you!

Mayday · « **Reply #53 on:** March 14, 2020, 06:25:46 PM »

Quote from: FitnessFrenzy on March 13, 2020, 12:35:37 AM

US futures are in the green now, but Amsterdam is 9% in the red. Does not look like a broad market bottom yet.

Bump for the 1.5T share buy the Treasury are going to do. That money doesnt hit until end of March and April.

Generally every crash you see a rally followed by the BIG dip. The small rally is due to announcements (such as this) but because the actions don't begin for a few weeks the market crumbles anywah as money pulls out.

Stability once the payments begin. That's what we saw from the GFC.

Dow jones pre GFC peak 14k
GFC low 6.5k
Post GFC stabilised approx 10k

Our peak is 30k. Bottom might be 14k. Stabilised above 20k.

The market will shut down at some point. If the world isnt operating, why should stock still be traded?

tres_taco_combo · « **Reply #54 on:** March 15, 2020, 01:54:42 PM »

it fucked up the mortgage market big time

rates were sliding down nice (3.5, 3.375%)

bottomed out on 3/4 to 3/6

then boom rates sky rocketed up to 4.125% to 4.25% no one wants to buy the Mortgage backed securities due to the crazy volatility.

my pipeline is half floated and half locked -

i do feel rates will retrace to high 3s soon, but the refinance boom never happened.... it started then all banks got back logged and rates shot up

Flexacon · « **Reply #55 on:** March 15, 2020, 02:38:36 PM »

Keep your powder dry people!

SOMEPARTS · « **Reply #56 on:** March 15, 2020, 07:31:04 PM »

Quote from: tres_taco_combo on March 15, 2020, 01:54:42 PM

it fucked up the mortgage market big time

rates were sliding down nice (3.5, 3.375%)

bottomed out on 3/4 to 3/6

then boom rates sky rocketed up to 4.125% to 4.25% no one wants to buy the Mortgage backed securities due to the crazy volatility.

my pipeline is half floated and half locked -

i do feel rates will retrace to high 3s soon, but the refinance boom never happened.... it started then all banks got back logged and rates shot up

When rates were truly low in 2012 the banks were taking months and months to close loans in hopes the rate went up.

gmflex · « **Reply #57 on:** March 15, 2020, 07:32:20 PM »

Quote from: che on March 12, 2020, 07:46:10 PM

I'm down 30K , please help me

Stock or 401k / retirement ?

SOMEPARTS · « **Reply #58 on:** March 15, 2020, 07:33:33 PM »

Quote from: Mayday on March 14, 2020, 06:25:46 PM

Bump for the 1.5T share buy the Treasury are going to do. That money doesnt hit until end of March and April.

Generally every crash you see a rally followed by the BIG dip. The small rally is due to announcements (such as this) but because the actions don't begin for a few weeks the market crumbles anywah as money pulls out.

Stability once the payments begin. That's what we saw from the GFC.

Dow jones pre GFC peak 14k
GFC low 6.5k
Post GFC stabilised approx 10k

Our peak is 30k. Bottom might be 14k. Stabilised above 20k.

The market will shut down at some point. If the world isnt operating, why should stock still be traded?

Dow futures down 1000+ right now even with all the fed actions. This thing could go to 14k this week. Fed is impotent in this fear climate.

gib · « **Reply #59 on:** March 15, 2020, 08:55:19 PM »

Quote from: friedchickendinner on March 14, 2020, 11:00:22 AM

This wouldn't be so much fun if there wasn't panic!

As an investor, we love panic. Its panic that produces volatility, which in turn creates very rare and very profitable opportunities.

FitnessFrenzy · « **Reply #60 on:** March 15, 2020, 11:31:37 PM »

German DAX futures are open now and they are at around minus 8 %

Mayday · « **Reply #61 on:** March 15, 2020, 11:44:21 PM »

Quote from: FitnessFrenzy on March 15, 2020, 11:31:37 PM

German DAX futures are open now and they are at around minus 8 %

Oz was down close to 10% today.

stingray · « **Reply #62 on:** March 15, 2020, 11:46:36 PM »

Quote from: gib on March 15, 2020, 08:55:19 PM

As an investor, we love panic. Its panic that produces volatility, which in turn creates very rare and very profitable opportunities.

With the btc halving not far off do you think there would be a big jump with btc leading to the halving ?

SOMEPARTS · « **Reply #63 on:** March 15, 2020, 11:57:56 PM »

Quote from: stingray on March 15, 2020, 11:46:36 PM

With the btc halving not far off do you think there would be a big jump with btc leading to the halving ?

Hahaha...still some true believers out there.

FitnessFrenzy · « **Reply #64 on:** March 15, 2020, 11:59:17 PM »

I was looking at the bitcoin price over the weekend, which was down, so I also expected european stocks to open lower monday.

I think, before this is all over, broad stock markets could fall around 80%. I am not sure a 50 % fall will be sufficient.

FitnessFrenzy · « **Reply #65 on:** March 16, 2020, 12:01:25 AM »

DAX futures now:

Primemuscle · « **Reply #66 on:** March 16, 2020, 12:13:54 AM »

As a retired person, my entire income is reliant on a healthy economy. Since there is nothing that I can do to change the current state of affairs, I'd rather not think about the future. One thing is certain most of us if not all of us are going to be affected in someway by the economic fallout from the CVID-19 pandemic of 2020.

stingray · « **Reply #67 on:** March 16, 2020, 12:27:26 AM »

Quote from: SOMEPARTS on March 15, 2020, 11:57:56 PM

Hahaha...still some true believers out there.

I have a very small portion of my portfolio in btc,I not going to sit here and say I have made
Lots of money from it,I get income from other things aswell

SOMEPARTS · « **Reply #68 on:** March 16, 2020, 12:41:31 AM »

I have a friend with a wife that is a higher up in a med-large USA manufacturing corporation...she makes 300k a year and well over 1 mil in retirement. They have everything in her employer's stock.....everything...d idn't cash stock options etc. Been telling him since last summer to at least get 50% into money market. Wife said no...too greedy...too worried about being a good company gal...they got killed and it's not over. I feel bad for the guy.

FitnessFrenzy · « **Reply #69 on:** March 16, 2020, 12:43:07 AM »

Quote from: SOMEPARTS on March 16, 2020, 12:41:31 AM

I have a friend with a wife that is a higher up in a med-large USA manufacturing corporation...she makes 300k a year and well over 1 mil in retirement. They have everything in her employer's stock.....everything...d idn't cash stock options etc. Been telling him since last summer to at least get 50% into money market. Wife said no...too greedy...too worried about being a good company gal...they got killed and it's not over. I feel bad for the guy.

this is always a bad idea. You have to diversify your investments.

SOMEPARTS · « **Reply #70 on:** March 16, 2020, 12:53:22 AM »

Quote from: FitnessFrenzy on March 16, 2020, 12:43:07 AM

this is always a bad idea. You have to diversify your investments.

Yeah, their stock went from $300 to almost $600 and she just couldn't get out. I was screaming at him to get half into a money market and take their gains in a safe position, but that's not sexy enough for them. Pigs get slaughtered.

Mayday · « **Reply #71 on:** March 16, 2020, 01:21:13 AM »

Quote from: Primemuscle on March 16, 2020, 12:13:54 AM

As a retired person, my entire income is reliant on a healthy economy.

Corona is probably the first time i havent heard retirees, aka baby boomers, piss and moan about 'their problems' and how we are all lazy compared to them.

The people who keep the economy afloat will be wiped financially for decades. Job loss. Home loss. Broken families. Kids in tears.

Maybe they realise they may survive, only to live and watch their kids and grandkids lives destroyed?

honest · « **Reply #72 on:** March 16, 2020, 01:48:11 AM »

The corona virus will bankrupt more people than it kills,

There are two existing drugs that have been found to treat this virus positively, one is a HIV drug the other a drug used to treat malaria. They are already using it in some countries and they have established that they work.
But good news doesn't sell.

IroNat · « **Reply #73 on:** March 16, 2020, 04:15:02 AM »

Quote from: SOMEPARTS on March 16, 2020, 12:53:22 AM

Yeah, their stock went from $300 to almost $600 and she just couldn't get out. I was screaming at him to get half into a money market and take their gains in a safe position, but that's not sexy enough for them. Pigs get slaughtered.

"Pigs get fat, hogs get slaughtered"

Worked for a guy once and this was his favorite saying.

harmankardon1 · « **Reply #74 on:** March 16, 2020, 04:24:34 AM »

Quote from: SOMEPARTS on March 16, 2020, 12:53:22 AM

Yeah, their stock went from $300 to almost $600 and she just couldn't get out. I was screaming at him to get half into a money market and take their gains in a safe position, but that's not sexy enough for them. Pigs get slaughtered.

This^ greedy fucks always get it... So it should be.