US Dow Futures Down Over 600 Points.

Discussion in 'Stocks & Derivatives' started by ozcopper, Feb 24, 2020.

  1. 66rounds

    66rounds Well-Known Member Silver Stacker

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    It's ok though, I got 50 packets of toilet paper. I'll be fine.
     
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  2. ozcopper

    ozcopper Administrator Staff Member

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  3. openeyes

    openeyes Well-Known Member Silver Stacker

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    The figures coming out of China confirm what most could plainly see. Production was down 25%. Actually I expect these % will get worse before improving. China is trying to get back on track but it is stuck between getting going and another outbreak.
     
  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don't believe there are no new cases in China. Businesses won't let you have paid leave or "work from home" for more than 2-3 months even if they can afford it. Rent, salary, loans still need to be paid in full when people "work from home" while sales drop 50%.

    Expect bank failures or draconian capital controls.
     
  5. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    What they are experiencing will be the same everywhere in the world until a vaccine is found.

    If China relaxes social distancing at work or public than the next outbreak could be in Shanghai or Beijing from a concert, a festival, a local restaurant or temple/church.

    When Australia gets to China/Korea level containment.... We in Australia won't be going back to our normal way of life either, packed friday night drinks, movies will still be shut, there weren't be any fans at footy or cricket, no festivals, no new year fireworks, no fancy weddings, celebrations in gatherings etc etc.

    Bloody depressing
     
  6. openeyes

    openeyes Well-Known Member Silver Stacker

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    Its going to be a simpler life for a few months - enjoy it.
     
  7. openeyes

    openeyes Well-Known Member Silver Stacker

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    Totally agree. This will happen globally.
     
  8. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    True, but in context to the ASX we have some ways to go down.... make sure to be in before the vaccine is announced
     
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  9. openeyes

    openeyes Well-Known Member Silver Stacker

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    I expect this to run until the third quarter next year with a total loss on the market of 50-60%.
     
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  10. alor

    alor Well-Known Member Silver Stacker

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    title need to change
    Dow down 2000 ;)
     
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  11. precious roar

    precious roar Active Member

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    I'm afraid this beer virus is much more than a media sensation
     
  12. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Nah, people are making it more.
    One good thing to come from it is that it has made climate change redundant - no one ever changed their behaviour to bat-shit crazy in the face of climate-change-armageddon.
    Actually, most didn't change their behaviour at all, except for maybe a little bit of virtue signalling.
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    It's the real deal. I don't believe it is just a recession or "stock market event". Bank capital controls will be coming. I'm still thinking about how to handle this - silver, can't buy much, gold, too expensive, stocks, likely to fall more, what to do with the fund? :)
     
  14. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Bury the metals and buy rice and flour.
     
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  15. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Already over half way there in 15 trading days.
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Copper is really strong in comparison to all other markets. Anyone knows why? Buildings half built still need to be completed?
     
  17. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    What if they lockdown all the supermarkets due to social distancing, and we have to hunt for our own food?
    I don't even know where dorito's live? And I have no idea where beer grows either! :eek:
     
  18. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Maybe this is the solution...Wonder if I can train my chickens... Mmmmmm

     
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  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    My beer grows in my wife’s purse. If that’s any help.

    Doesn’t mean your beer grows there too though. :mad:
     
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  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    The worst part of it is these know nothing politicians thinking they know something.
    The sooner they get out of the way the sooner this virus can run its course.
    Why make it take years?
     
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