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The Economy

Discussion in 'Sports and News' started by TigerVols, May 14, 2020.

Page 419 of 475
  1. Hermes

    Hermes Well-Known Member

    I often tell my wife I’ve been preparing for a depression my entire working life by living on a journalist’s salary.
     
    Hermes, Aug 5, 2024
    #5017
    Baron Scicluna, Driftwood, I Should Coco and 5 others like this.
  2. The Big Ragu

    The Big Ragu Moderator Staff Member

    I personally have never touched any ammo (and hopefully never will), and I try really hard to avoid canned food at all costs.
     
    The Big Ragu, Aug 5, 2024
    #5018
  3. BTExpress

    BTExpress Well-Known Member

    I remember back in the mid-90s when they used to put "curbs" on the market when it dropped . . . 50 points.
     
    BTExpress, Aug 5, 2024
    #5019
    Hermes likes this.
  4. Hermes

    Hermes Well-Known Member

    I do have to retrain my brain that being down 1,000 doesn’t mean the same as when the Dow was 5,000. Even in 2009, a number like this was invitation to head for the hills.
     
    Hermes, Aug 5, 2024
    #5020
    HanSenSE likes this.
  5. The Big Ragu

    The Big Ragu Moderator Staff Member

    It's on a percentage basis. On the S&P 500 futures I believe the first circuit breaker is 7 percent, which from where we settled on Friday, would be a 350 to 400 point drop -- to somewhere around 5000 on the futures (on the index itself, it would put it down somewhere around 4950ish). The overnight low was 5119.5. We're up close to 100 on the futures from that low as I type this, with a lot of big price swings.
     
    The Big Ragu, Aug 5, 2024
    #5021
    Hermes likes this.
  6. Inky_Wretch

    Inky_Wretch Well-Known Member

    CNBC has broken out the biggest font available for today's coverage. It's taking up the bottom fifth of the screen.
     
    Inky_Wretch, Aug 5, 2024
    #5022
  7. Della9250

    Della9250 Well-Known Member

    EVERYBODY BOUGHT THE DIPS!

     
    Della9250, Aug 5, 2024
    #5023
    2muchcoffeeman and garrow like this.
  8. BTExpress

    BTExpress Well-Known Member

    Every time.

    Stocks plunged on fears that . . .

    Stocks soared on optimism that . . .

    all within 24-48 hours, with nothing fundamentally changed.
     
    BTExpress, Aug 5, 2024
    #5024
    Driftwood likes this.
  9. Hermes

    Hermes Well-Known Member

    Shut up! I need these dips to convince my wife to cut household spending! My constant midwestern fears of doom need fuel.
     
    Hermes, Aug 5, 2024
    #5025
  10. Twirling Time

    Twirling Time Well-Known Member

    The good news is the Dow took all of its losses in the first 5 minutes of trading and kind of flattened out the rest of the day. The proverbial dead cat bounce. Don't know if that was because of circuit breakers because 1K of 38K is a much smaller percentage than when the Dow was around 10K or so in the Aughts.

    Today ranked 12th in all-time point losses, but in terms of percentages it probably doesn't even make the top 100.
     
    Twirling Time, Aug 5, 2024
    #5026
  11. Neutral Corner

    Neutral Corner Well-Known Member

     
    Neutral Corner, Aug 6, 2024
    #5027
  12. Hermes

    Hermes Well-Known Member

    I was so worried about Covid, and getting over Covid that I didn’t realize there were that many four-digit days that spring.
     
    Hermes, Aug 6, 2024
    #5028
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