Dow futures tumble 1,200 points, Treasury yields plunge amid oil price war

[90DayFinancier 910]

https://www.cnbc.com/amp/2020/03/08/dow-futures-drop-700-points-as-all-out-oil-price-war-adds-to-coronavirus-stress.html

 

Stock futures tumbled in overnight trading Sunday as investors continued to brace 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 plunged 1,198 points, implying an opening loss of 1,246.78 points at Monday's open. The S&P 500 futures and Nasdaq-100 futures also indicated significant losses 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.

[Dashinka 24,744]

Buying opportunities.

[Boketto 211]

Puts, puts, puts everywhere... 

[90DayFinancier 910]

I am staying with cash for a bit.

[Mrs Carrot 89]

. 

Edited March 9, 2020 by Mrs Carrot

[Neonred 3,632]

I'm buying.

[90DayFinancier 910]

21 minutes ago, Neonred said:

I'm buying.

Options or straight up? 

[Neonred 3,632]

18 minutes ago, 90DayFinancier said:

Options or straight up? 

Straight up, quality companies.

 

I may be wrong, but that's what I'm doing.

Edited March 9, 2020 by Neonred

[90DayFinancier 910]

8 minutes ago, Neonred said:

Straight up, quality companies.

 

I may be wrong, but that's what I'm doing.

You won't be wrong, in the long run.

Berkshire is sitting on a lot of cash.

Edited March 10, 2020 by 90DayFinancier

[Voice of Reason 10,298]

37 minutes ago, Neonred said:

Straight up, quality companies.

 

I may be wrong, but that's what I'm doing.

You're not wrong.  55% of my salary is going into buying.  Might up that in the coming weeks.

[Cyberfx1024 7,980]

1 hour ago, 90DayFinancier said:

You won't be wrong, in the long run.

Berkshire is sitting on a lot of cash.

Exactly... That's the advice my coworker and I were talking about last week. I told him that since I am younger than he is that I have more time for stuff to bounce back. So I am buying in to quality products right now while he is tucking his money away in to bonds.

[90DayFinancier 910]

4 minutes ago, Cyberfx1024 said:

Exactly... That's the advice my coworker and I were talking about last week. I told him that since I am younger than he is that I have more time for stuff to bounce back. So I am buying in to quality products right now while he is tucking his money away in to bonds.

Bonds funds are safe, I don't think stocks have hit bottom.

[Cyberfx1024 7,980]

1 minute ago, 90DayFinancier said:

Bonds funds are safe, I don't think stocks have hit bottom.

Oh they haven't hit bottom yet at all. That is for dang sure

[90DayFinancier 910]

Trump Floats Economic Stimulus in Response to Coronavirus

The president backed a payroll tax cut and aid for hourly wage earners affected by the outbreak. He spoke after a trip where he spent time with two congressmen who were exposed to a person infected with the virus. His new chief of staff has also quarantined himself.

 

Trump Floats Economic Stimulus in Response to Coronavirus https://nyti.ms/39E

 

[90DayFinancier 910]

LookTrump's coronavirus stimulus is still evolving. Here's what it should include, experts say

 

https://www.reuters.com/article/us-health-coronavirus-business-analysis-idUSKBN20X2CC

 

President Donald Trump said he will ask Congress for a payroll tax cut and other “very major” stimulus moves on Tuesday to ease the economic pain of the coronavirus, but the details remain unclear.. March 9, 2020. REUTERS/Jonathan ErnstThe goal, business groups and economists say, is to get more cash into the pockets of workers and companies quickly.

As administration officials head to Capitol Hill to discuss their plans with Senate Republicans, the method and recipients of any stimulus are still in flux.

The president favors a broad payroll tax cut but others inside the White House want a targeted response that benefits industries and areas hardest hit by the virus, advisers say.

The administration needs to act fast, as the country braces for a potentially massive downturn, economists and trade groups say.

“This isn’t a situation where we need to flood the economy. What we need to do is help anyone who’s adversely impacted navigate and get to the other side of this,” said Neil Bradley, chief policy officer for the U.S. Chamber of Commerce.