This is the end. We are witnessing collapse of the global economy

from what I'm hearing from those in the business is expect extended market gains up until Wednesday because that's when the quarter ends and large funds want to show better returns.

After Wednesday all bets are off - Just remember Wall Street runs Washington - so no matter how bad things appear to be they will print their way out of this just like in 08. Do you guys remember in 08 when the majority of us said the Dow is doomed and this is going to end bad and then QE1 , 2 , 3, TARP etc...etc... don't underestimate their power to backstop this.

Trade Wisely! 322170
 
322170 said:
from what I'm hearing from those in the business is expect extended market gains up until Wednesday because that's when the quarter ends and large funds want to show better returns.

After Wednesday all bets are off - Just remember Wall Street runs Washington - so no matter how bad things appear to be they will print their way out of this just like in 08. Do you guys remember in 08 when the majority of us said the Dow is doomed and this is going to end bad and then QE1 , 2 , 3, TARP etc...etc... don't underestimate their power to backstop this.

Trade Wisely! 322170
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The DOW declined the entire year of 2008.

It lost nearly half of it's value between late 2007 and early 2009.
 
I agree John and when it was down everyone said it would go much lower including myself and low and behold the printing presses got fired up and they haven't stopped printing since.
 
322170 said:
I agree John and when it was down everyone said it would go much lower including myself and low and behold the printing presses got fired up and they haven't stopped printing since.
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Except for when they raised interest rates from 2016-2019
 
mlawson71 said:
The world went down the drain in a matter of weeks, it's terrifying. :(
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When this is over, I'll never look at bleach the same way again.

Never knew it was a lifesaving chemical.

Same with n95 respirators. I randomly found one while going through a storage unit last week.
 
hhiusa said:
The better question is why people are thinking this is business as usual and continue buying?

When was the last time they had to resort to storing bodies in coffins because the coroner's officer too full?
When was the last 3.28 million people were unemployed from a flu? And if you say the Spanish Flu just to be a smart alex, well that was more than a century ago, so not business as usual.

Greece, Spain, Italy, Cyprus ... are financial insolvent. Greece has the highest of the first world nations with 176% debt-to-GDP. The Fed has said this was only Phase III. Phase IV is already underway. If we pass a $2 trillion bailout every two weeks, we will have a debt greater than Greece in 14 weeks or 3-1/2 months.

At that rate, by July, the US would have the highest debt-to-GDP in the world. By the time you reach Greece's or Italy's level, you start defaulting.
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The average American has no clue about what is happening , and even less about what there is still to come. The virus is not impressed by statements like "we are the biggest economy in the world", "we have the money to win this fight"...
 
virtusa said:
The average American has no clue about what is happening , and even less about what there is still to come. The virus is not impressed by statements like "we are the biggest economy in the world", "we have the money to win this fight"...
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Why do you say no clue? Schools have been closed for a while now. There are precautionary measures everywhere you look. Perhaps it's not as militant as China, but it's incorrect to say that nothing is being done.
 
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