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Some cracks in the global economy (Dow drops 1,000+ points on Monday)

Discussion in 'GatorNana's Too Hot for Swamp Gas' started by oragator1, Feb 23, 2020.

  1. gator_fever

    gator_fever GC Hall of Fame

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    Some hyperbole there but China is covering up the massive scale of what is going on there.
     
  2. gator7_5

    gator7_5 GC Hall of Fame

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    Ya think! That video is laughable. That cruise ship would be a floating morgue if the virus was that deadly. How many Americans who have contracted the virus have died?
     
  3. gatorpa

    gatorpa GC Hall of Fame

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    down 966 now about 145pm..

    Watch out for the 2:30 pm, lots of margin calls happen then, if people are to negative things may really hit the shitter fast.

    Wouldn't be surprised if we end up down over 1000 today...
     
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  4. citygator

    citygator Premium Member

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    Thread title understatement of the year! Market sucks today.
     
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  5. oragator1

    oragator1 Premium Member

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    when I saw the futures numbers last night, CNBC mentioned Sanders winning Nevada as part of the drop, and they are hardly right wing. So it is a legitimate talking point, fair or not.
     
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  6. demosthenes

    demosthenes Premium Member

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    Missed timing the market, apparently. Guess I’m in it for the ride, as per usual...
     
  7. AlfaGator

    AlfaGator VIP Member

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    [​IMG]
     
  8. AlfaGator

    AlfaGator VIP Member

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    Been in the market since 1972. Have no intentions of selling. Am so far ahead its ridiculous. The key is starting young and hanging tough.

    The function the market is to make the most money for the fewest amount of people possible; at the expense of as many people as possible. Don't follow the heard and you will be alright.
     
    Last edited: Feb 24, 2020
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  9. ThePlayer

    ThePlayer VIP Member

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    You're dreaming dude.
    We're the best place on earth to invest in.
    Everyone wants a piece of the American pie.
    Stick with Bernie if you want to start a real panic.
     
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  10. gatorknights

    gatorknights GC Hall of Fame

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    If one is a buy and hold kinda guy, just hang in and depending on the holding period, one should be okay. Kinda like buying a house or commercial property in the late 90's and holding till now and into the future one should be ok. Hell, the building should be almost paid off by now, assuming a 15 year amortization schedule. Even with a 30 year amortization, the equity should be just fine assuming one didn't go to the financial casino around 2005-2009.
     
  11. citygator

    citygator Premium Member

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    Last edited: Feb 24, 2020
    • Agree Agree x 1
  12. gator7_5

    gator7_5 GC Hall of Fame

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    I’m much more concerned about Bernie becoming POTUS impacting my finances than the coronavirus.
     
  13. gator7_5

    gator7_5 GC Hall of Fame

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  14. gator_fever

    gator_fever GC Hall of Fame

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    Why is China locking down cities etc. If this really won't possibly be a big deal? Scared it will get worse like Spanish flu?
     
  15. oragator1

    oragator1 Premium Member

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    If there is a legit libertarian candidate that’s where my vote will go, the market is overvalued long term, and some large economies are showing weakness. Those are warning signs that need to be watched in the wake of a black swan event like coronovirus, that’s all.
    But thanks for making it political (again).
     
  16. citygator

    citygator Premium Member

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    Who wouldn’t want to stop a new virus from spreading worldwide? Seems like a reasonable endeavor but the worse case scenario seems to be a bad cold. I’m just not a germaphobe. I extend the 5 second rule to ten seconds. I eat Chinese buffet food too occasionally. :)
     
  17. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Gold is getting very expensive...
     
  18. citygator

    citygator Premium Member

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  19. MaceoP

    MaceoP GC Hall of Fame

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    Maybe Cotton wasn't so off the mark in his comments about the virus being manufactured. If so, that could be why it is spreading so fast. IMO, if it is man-made, one would have to re-think the influence it would have on the financial markets moving forward. This may not be a buying opportunity, although the US is probably going to be the place where the rest of the world wants their money.

    Coronavirus did not originate in Wuhan seafood market, scientists say