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[b][color=purple][i][size=4]Where have we been and where are we — wishing all a safe & good week ahead
Hopefully today might be a turning point with national day of prayer
Our son works for hospital & is well protected — but we all have these type concerns
Statistics are getting a little worst daily — as EU & USA are in early stages
compared with China which appears to be peaking & stabilizing? :sick:This is an event of century — as 9/11 or “Katrina” never closed ALL public activities.
Short term we may have very quick DEPRESSION or recession like numbers
but hope good old USA prevails & virus soon completely gone from landscape[/size][/i][/color][/b][article]1990[/article]
MARCH 15 – NATIONAL DAY OF PRAYER declared
https://myfox8.com/news/president-trump-declares-sunday-march-15-a-national-day-of-prayer-amid-coronavirus-outbreak/
[b][size=4][color=purple][i]Good Monday morning to all — and hope all stay safe & do best they in tough times
with all SPORT events cancelled — I saw college BB re-runs of last year
and all bars & restaurants are being shutdown[color=red]DOW FUTURES = -1,000 limit down – so we’ll hit 7% 1st circuit breaker
but hopefully not the 13% for #2 and 20% for #3[/color]FED just went to ZERO interest rates & QE-like buying mode
and infusing TRILLIONs in liquidy & we’ve reentered 2008-2009 again
with daily 1,000 point swings — so we are in unstable timesas I shared with some of my market savy friends at work
this black swam event will be worst than 9/11 impacts on temporary basis
in about 4-8 weeks COVID-19 should die down naturally
as warmer temps help & lets hope current patterns hold
as viruses can mutate to new strains from RNA human interactionsStill MARCH 15 was National Day of Prayer — so there is HOPE again
and I’m staying isolated & bunkered down in deep forests of SW VA
The deer & I are making best of bad situation for couple of months 🙂 [/i][/color][/size][/b]
[size=5][color=red][b]CIRCUIT BREAKER #1 …. DOW = -2250 giving back Friday’s gains
OIL @ $28 per barrel :woohoo:Dow 20,935.16 -2,250.46 -9.71%
S&P 500 2,490.47 -220.55 -8.14%
Nasdaq 7,392.73 -482.15 -6.12%
GlobalDow 2,291.38 -179.27 -7.26%
Gold 1,461.30 -55.40 -3.65%
Oil 28.95 -2.78 -8.76% [/b][/color][/size][i][color=red][b]WOW – while there is potential to hit 2nd Circuit Breaker
here’s hoping we hold as we fell to 11% & as bumble bounce back to -9%
VIX is off charts …. DOW LOW so far = 20,387.10
Maybe there hope off in distance — once things improve
as maybe it’s only 4 week vacation for economy, man, and the herd?[/b][/color][/i][i][b]Goldman impacts & a few tidbits from other articles
1. S&P 500 falls to 2,000 as final low before we stabilize
2. about -5% growth in next quarter & possible recession
3. will take a while to get back to record highs (one article noted 3 years)[/b][/i][size=5][b]Goldman says U.S. growth will shrink 5% next quarter and here’s how low stocks could go
https://www.marketwatch.com/story/goldman-says-us-growth-will-fall-5-this-quarter-a-coronavirus-recession-is-probably-coming-2020-03-16?mod=home-page%5B/b%5D%5B/size%5DSenate Democrats to offer a $750B stimulus package, bigger than TARP
Bloomberg reports including:
Direct cash transfers
Unemployment benefits
Medicaid funding boost
COVID-19 testing
Federal loan forbearance
Small biz help
Emergency child care
Meds/food delivery for seniorsIn France Macron orders citizens to stay at home due to coronavirus, movements will be severely limited
says only necessary trips to be carried out
All companies must take steps to ensure working from home
Family events and social events to be banned from tomorrow[size=6][b][color=red]Dow 20,188.52 -2,997.10 -12.93%
S&P 500 2,386.13 -324.89 -11.98%
Nasdaq 6,904.59 -970.28 -12.32%
Gold 1,499.50 -17.20 -1.13%
Oil 28.65 -3.08 -9.71% [/color][/b][/size]
[color=green][size=5][i]Good TUESDAY morning to all … DOW futures are GREEN & higher for now (+200)
as EU & Asian markets have had wild swings overnight
as SELLOFF was historic last week & on Monday :ohmy:
and certainly reflects a lot of unknowns & short-term economic disaster
and we’ll have to wait quite a while to get COVID-19 & its impacts behind usHAPPY SAINT PATRICKS DAY to ALL
My bride & I love Celtic music — so hopefully have time to share a few tunes 8)[/i][/size][/color]A crisis can be a transformative event. When things returns to some kind of normality, assuming it ever does, will people think about doing things differently in the future?
[color=green][size=5][i]Great daily briefing by President & company
Yes – an Ounce of prevention is worth a pound of cure
another typical 1,000 point day — and may we see more green days ahead 8)featuring one of greatest Canadian & Celtic artist of all time below[/i][/size][/color]
[color=green][size=5][b]Dow 21,237.79 1,049.27 5.20%
S&P 500 2,529.04 142.91 5.99%
Nasdaq 7,334.78 430.19 6.23%
GlobalDow 2,345.71 77.84 3.43%
Gold 1,533.40 46.90 3.16%
Oil 26.86 -1.84 -6.41% [/b][/size][/color]
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