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whttevrr

(2,345 posts)
Mon Mar 9, 2020, 09:51 AM Mar 2020

Stock trading halted until 9:49 ET after the S&P 500 craters 7%

Source: CNBC

Stocks tumbled on Monday as investors braced for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety.

The Dow Jones Industrial Average tanked more than 1,800 points at the open, while the S&P 500 plunged 7%. The massive sell-off triggered a key market circuit breaker in morning trading. Trading was halted for 15 minutes until 9:49 a.m. ET.

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



Ouch!
32 replies = new reply since forum marked as read
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Stock trading halted until 9:49 ET after the S&P 500 craters 7% (Original Post) whttevrr Mar 2020 OP
Down over 2000 points right now durablend Mar 2020 #1
I thought 22000 would be visited this week whttevrr Mar 2020 #2
Something is pushing it back up durablend Mar 2020 #3
Faux is blaming it on the slump.. Wuddles440 Mar 2020 #17
Exactly. Nobody wants to buy stock now. It has not hit bottom yet. SunSeeker Mar 2020 #20
The #TrumpSlump Continues.... nt smb Mar 2020 #4
Who will Trump blame for this? IronLionZion Mar 2020 #5
Obviously Obama. You shouldn't even have to ask. Rainbow Droid Mar 2020 #7
And Obama's VP, Biden IronLionZion Mar 2020 #11
Medicare for all means you need to buy insurance for your supplemental Bengus81 Mar 2020 #23
Yeah but you lose your freedoms IronLionZion Mar 2020 #25
Cue the music. Laelth Mar 2020 #6
He's been saying that for a couple days now. . . . nt Bernardo de La Paz Mar 2020 #8
I meant, specifically, this morning's drop in Laelth Mar 2020 #18
And then there is this image..................... turbinetree Mar 2020 #9
President Nero. SunSeeker Mar 2020 #21
Or President Zero..................... turbinetree Mar 2020 #31
My guess, stocks end the day 4-5% down. nt yaesu Mar 2020 #10
And probably another drop tomorrow, whttevrr Mar 2020 #12
tRump will announce a new stimulus package after he makes his stock buys. nt yaesu Mar 2020 #14
yup whttevrr Mar 2020 #15
All those rich fucks tried to stop the market collapse in Oct 1929 Bengus81 Mar 2020 #24
that didn't take long at all. nt Javaman Mar 2020 #13
I watched the "experts" on CNBC last week, gab13by13 Mar 2020 #16
Donald takes full credit for the upturns. Donald gets full credit for the downturns. keithbvadu2 Mar 2020 #19
+100000000 Bengus81 Mar 2020 #27
this probably won't hurt his base.... because they don't have 401k type plans IcyPeas Mar 2020 #22
True. Newest Reality Mar 2020 #28
I don't I live on SSDI. Kaleva Mar 2020 #29
Yep...I'd seen enough and cashed in my IRA this morning Bengus81 Mar 2020 #26
on another thread bdamomma Mar 2020 #30
They should go and tell that STUPID ASS to quit blaming CV on Dems and fake news Bengus81 Mar 2020 #32

Wuddles440

(1,124 posts)
17. Faux is blaming it on the slump..
Mon Mar 9, 2020, 10:52 AM
Mar 2020

in oil prices, not the potential impact of the virus. Bartiromo stated this morning that it's a tremendous buying opportunity and there needs to be more stimulus measures to increase the liquidity. Unfortunately, "liquidity" is not the problem!!!

SunSeeker

(51,646 posts)
20. Exactly. Nobody wants to buy stock now. It has not hit bottom yet.
Mon Mar 9, 2020, 12:56 PM
Mar 2020

It is obviously this horror show is just getting started. Wait until the hospitals get inundated and the schools close.

IronLionZion

(45,496 posts)
5. Who will Trump blame for this?
Mon Mar 9, 2020, 10:03 AM
Mar 2020

when healthcare stocks were down last year, he blamed our lefty Dem presidential candidates wanting socialism to destroy our freedoms through Medicare for all.

Now that travel and oil are leading the downward spiral, maybe he'll blame Biden somehow.

Bengus81

(6,932 posts)
23. Medicare for all means you need to buy insurance for your supplemental
Mon Mar 9, 2020, 01:46 PM
Mar 2020

That means a BOOM to those companies who provide that service like BCBS,United Health Care,etc,etc.

IronLionZion

(45,496 posts)
25. Yeah but you lose your freedoms
Mon Mar 9, 2020, 01:49 PM
Mar 2020

and there are long lines for rationing. Before you know it, there are tanks rolling through the streets and America turns into Venezuela.

Laelth

(32,017 posts)
6. Cue the music.
Mon Mar 9, 2020, 10:04 AM
Mar 2020

Later, this AM, on Twitter, the Great Pumpkin will announce that it’s all a Democrat plot to tank his re-election bid.



-Laelth

whttevrr

(2,345 posts)
12. And probably another drop tomorrow,
Mon Mar 9, 2020, 10:11 AM
Mar 2020

unless some institutional buying kicks in, it could get very ugly.

whttevrr

(2,345 posts)
15. yup
Mon Mar 9, 2020, 10:22 AM
Mar 2020

That's why we had to wait on tests.

Trump needed to make sure he could make money on them first.

gab13by13

(21,381 posts)
16. I watched the "experts" on CNBC last week,
Mon Mar 9, 2020, 10:36 AM
Mar 2020

they pretty much all agreed that when the S&P hits 2,855 look out. Well look out and then some.

keithbvadu2

(36,869 posts)
19. Donald takes full credit for the upturns. Donald gets full credit for the downturns.
Mon Mar 9, 2020, 11:35 AM
Mar 2020

Donald takes full credit for the upturns. Donald gets full credit for the downturns.

IcyPeas

(21,901 posts)
22. this probably won't hurt his base.... because they don't have 401k type plans
Mon Mar 9, 2020, 01:39 PM
Mar 2020

a lot of them anyway. they don't have stocks.

Newest Reality

(12,712 posts)
28. True.
Mon Mar 9, 2020, 02:00 PM
Mar 2020

No, their Pavlovian conditioning is about the word jobs. When you say jobs, it is like a doggie treat that makes them salivate, though they don't know why. Words that need to be avoided are: low paying, part time, no benefits, shitty, demeaning, micro-managed Amazon, you need three to survive, easily let go, etc.

Here base! JOBS! Good base! Okay...and...JOBS! "Yayyyy, MAKE GREAT!" Sit! Stay! Good base.

Bengus81

(6,932 posts)
26. Yep...I'd seen enough and cashed in my IRA this morning
Mon Mar 9, 2020, 01:53 PM
Mar 2020

Before trading started. If Trump was trying to do ANYTHING to help the situation I would have left it in. It was hard to do,I'd had the account with TR Price for years and they do a HELL of a job IMO.

But...when our IDIOT in Chief does nothing but blame the Media and Dems and calls all FACTS fake news this is going to get a lot worse before it gets better. I've lost some pretty good money in the last few weeks that I can't afford to lose.

bdamomma

(63,917 posts)
30. on another thread
Mon Mar 9, 2020, 03:18 PM
Mar 2020

here posted on DU, the WH is summoning Wall Street executives to the WH. tRump probably asking them to lie that the economy is doing well.

Bengus81

(6,932 posts)
32. They should go and tell that STUPID ASS to quit blaming CV on Dems and fake news
Mon Mar 9, 2020, 04:26 PM
Mar 2020

What's Trump going to do,threaten them??

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