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Started By
Message
re: 50 point basis cut by Fed. Market responds with a 750 point drop
Posted on 3/3/20 at 1:15 pm to Mickey Goldmill
Posted on 3/3/20 at 1:15 pm to Mickey Goldmill
Making a comment? Sure. That’s not what skinny prog was doing.
Good to see you defending your people though.
Good to see you defending your people though.
This post was edited on 3/3/20 at 1:23 pm
0
Posted on 3/3/20 at 1:16 pm to jrodLSUke
The drop was due to Powell opening his trap and spewing more uncertainty. It was fine until he gave his little talk. fricking hate that guy.
Posted on 3/3/20 at 1:16 pm to skinny domino
Stay stupid
Posted on 3/3/20 at 1:17 pm to texashorn
Ok. It’s good to see the progstains celebrating this. I like it on the rare occasion they are honest.
Posted on 3/3/20 at 1:18 pm to Street Hawk
Fed cutting outside the scope of a normal meeting has caused more panic. It's viewed as a desperation move. Plus, with an increased number of companies slowing down or delaying production, that will have a real impact on earnings.
Markets don't like uncertainty, and the ultimate impact of coronavirus is as uncertain as it gets.
Markets don't like uncertainty, and the ultimate impact of coronavirus is as uncertain as it gets.
Posted on 3/3/20 at 1:21 pm to roadGator
Perhaps the President can learn a valuable lesson.
''Be careful whose toes you step on today, they may be connected to the arse you have to kiss tomorrow.'
''Be careful whose toes you step on today, they may be connected to the arse you have to kiss tomorrow.'
Posted on 3/3/20 at 1:21 pm to texashorn
quote:
with a 750 point drop by texashorn
Can the central bankers save the Trump economy?
No need to save Trump’s economy it’s doing fine. The Fed was Obammy’s economy. Lol!
Posted on 3/3/20 at 1:22 pm to Street Hawk
Let’s see where we close
Posted on 3/3/20 at 1:22 pm to Bass Tiger
Wait, so it is back to being Trump's economy now?
Posted on 3/3/20 at 1:22 pm to Mack10
This. The cut was basically expected, but not coming out of an emergency meeting 2 weeks ahead of time.
Posted on 3/3/20 at 1:24 pm to texashorn
Perhaps progs will stop celebrating things that are bad for America.
Posted on 3/3/20 at 1:25 pm to Street Hawk
quote:
What exactly do the investors want?
Nobody with any real cash is bailing. My friend that works at Goldman has been talking about how many clients have wired in cash over the last few days.
Outside of thinking about what you want to buy, it’s pointless to think about the market right now. The sheep will always come out to get slaughtered.
Posted on 3/3/20 at 1:28 pm to roadGator
I’m not celebrating it, but I can’t help but giggle at how you idiots yesterday thought yesterday's spike was all tied to Trump “solving” the coronavirus crisis.
You all looked like dumbasses while discounting American deaths, whether they were old or sick.
You disgust me.
You all looked like dumbasses while discounting American deaths, whether they were old or sick.
You disgust me.
Posted on 3/3/20 at 1:31 pm to texashorn
quote:
I’m not celebrating it, but I can’t help but giggle at how you idiots yesterday thought yesterday's spike was all tied to Trump “solving” the coronavirus crisis.
You all looked like dumbasses while discounting American deaths, whether they were old or sick.
You disgust me.
Sounds like some BS....how’s Trump gonna solve the COVID19 outbreak? All he can do is try to minimize the spread and keep us informed on potential vaccines and treatments.
Posted on 3/3/20 at 1:31 pm to texashorn
quote:
texashorn
Posted on 3/3/20 at 1:33 pm to texashorn
quote:
Can the central bankers save the Trump economy?
No. Central bankers will always only be a problem.
Posted on 3/3/20 at 1:35 pm to imjustafatkid
Powell talks and the market drops 900 points. Trump talks and it comes back 250.
Posted on 3/3/20 at 1:36 pm to texashorn
quote:
The President shouldn’t have adamantly tied economic growth to a rising stock market while attacking the Federal Reserve.
It’s blowing up in his face.
Have you always been retarded, or just when posting here?
Posted on 3/3/20 at 1:37 pm to Street Hawk
quote:
They wanted a rate cut and the Fed delivers and they respond by selling?
LINK
quote:
In an emergency move, U.S. Federal Reserve cuts interest rates to battle coronavirus
I think this is the problem. This admin has spent all week telling people that this wasn't a problem. Then, the central bank lowers rates to solve the problem.
Posted on 3/3/20 at 1:39 pm to Aubie Spr96
quote:
This admin has spent all week telling people that this wasn't a problem.
The administration is dealing with this as a health issue. The Fed is dealing with it as an economic issue. Two very different things.
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