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The current time is Fri Apr 10 00:03:52 2020

Utopia Talk / Politics / Stock market stops!!!
Habebe
Member
Mon Mar 09 08:42:24
So apparently they temporarily shut down the stock market due to a 7% drop.

Watching live.
Rugian
Member
Mon Mar 09 08:44:03
This is so fucked.
Habebe
Member
Mon Mar 09 08:45:18
That's a bad jawn.
jergul
large member
Mon Mar 09 08:47:42
You could have titled this "Dow breaks 24000"!

Habebe
Member
Mon Mar 09 08:48:06
Could be a spike for Sanders.
hood
Member
Mon Mar 09 08:49:12
Democrats campaign:
"We wouldn't have let covid19 decimate both our population and your savings."
jergul
large member
Mon Mar 09 08:49:59
It could be a spike for Warren's dog if it meets the Constitutional requirements to be president.

Trump is toast if the economy tanks. Note that Wall Street is not Main Street, but we have become accostumed to using it to measure trumps winnage, so lets keep doing that.
Habebe
Member
Mon Mar 09 08:51:51
Jergul, Both hands on the keyboard.
Rugian
Member
Mon Mar 09 08:52:15
A fourth of Italy gets shut down due to corona, AND Saudi Arabia and Russia decide to get into a pissing match over oil production.

It's like the world is conspiring to destroy the markets right now.
Rugian
Member
Mon Mar 09 08:52:27
Lol Habebe
Habebe
Member
Mon Mar 09 08:53:19
Could this spell a Sanders nomination if he sweeps tomorrow?
jergul
large member
Mon Mar 09 08:55:17
Habebe
I sold out my stock holdings at 880 for my peace of mind (I was overthinking it) late last year. Its now 730.

So chump change and nothing to be a jerk or jerk-off over.

What we are seeing is a correction. If you can't take volatility, then don't do stocks.
Rugian
Member
Mon Mar 09 08:58:51
Back on. The major indexes are now in the mid -5%s.
Habebe
Member
Mon Mar 09 09:01:04
Its a good thing you did. Norways benchmark stock dropped 12.3%, twice as much as other Euro nations, which is much netter than your currency that only dropped 5.3%. So you should probably makemit well compared to most others.
Habebe
Member
Mon Mar 09 09:03:15
Id say that's good, but its too early to tell.

On the upside. My neice just got plane tickets from Philly to SC for $36 each.
Dukhat
Member
Mon Mar 09 09:30:20
Before they were priced for a correction. This is definite recession territory. Good thing we gave all those billionaires a tax cut they were able to cash out of before stocks collapsed.

Dumbass republican voters.
Rugian
Member
Mon Mar 09 09:39:52
Donald J. Trump
@realDonaldTrump
Saudi Arabia and Russia are arguing over the price and flow of oil. That, and the Fake News, is the reason for the market drop!
10:36 AM · Mar 9, 2020·Twitter for iPhone
Rugian
Member
Mon Mar 09 09:41:04
Dukhat,

I'm not sure what tax cuts have to do with coronavirus and oil production, but okay.
Habebe
Member
Mon Mar 09 09:42:23
I bet international Jewry is at work...should probably nuke Israel just to be safe.
hood
Member
Mon Mar 09 09:46:16
How's that goose stepping going, eh?
Dukhat
Member
Mon Mar 09 09:54:02
We will need a stimulus to fight the recession but we already spent all our money on a wasteful tax cut and more carrier groups.
Rugian
Member
Mon Mar 09 10:05:38
We went through the last recession with the Bush tax rates still in effect and it wasnt a major problem. Even with the 2017 tax reform, the top income tax rate of 37% is higher than it was in 2008.

The real problem (for anyone wanting to reuse the countermeasures employed to fight the last recession) is that the Fed already has a heavy balance sheet and not much room to move interest rates. Every time they tried to fix that, the markets panicked.
jergul
large member
Mon Mar 09 10:22:30
Does it really matter? The Treasury will do some stuff, the Federal Reserve some other stuff, then some legislation will be passed and things will stabilize at some point.

Now if any other country tried crap like that, they would join Venezuela.

But the US works. Until it does not. Whenever that happens.
Habebe
Member
Mon Mar 09 10:31:42
Id be more worried about your backyard.

"An unusually sharp dip in oil prices over the weekend has left Norway’s already-weakened currency at its *lowest-ever* value compared to the euro."

http://www...rone-plummeting-to-new-low/amp
Dukhat
Member
Mon Mar 09 10:32:42
Norway has the largest sovereign wealth fund in the world diversified in many different countries and stocks.

They will be fine.
jergul
large member
Mon Mar 09 10:38:38
Stocks, property and securities.
jergul
large member
Mon Mar 09 10:39:30
Why do you think that matter habebe? Our inflation might increase dramatically to 1.8% or something?
Habebe
Member
Mon Mar 09 10:42:15
Apparently its so bad over there that the government of Norway is kidnapping US kids!

http://www...ways-child-protective-services
Habebe
Member
Mon Mar 09 10:42:16
Apparently its so bad over there that the government of Norway is kidnapping US kids!

http://www...ways-child-protective-services
jergul
large member
Mon Mar 09 11:04:00
Child services. I was sure you were familiar with the organization.

Barnevernet has been overzealous on occassion. The woman should use the system to contest the basis for the service's decision.

Corporal punishment is illegal here and you will lose your children if you hit them.

So perhaps that is the issue. Protip: Don't hit children in Norway.
Paramount
Member
Mon Mar 09 12:08:25
” Donald J. Trump
@realDonaldTrump
Saudi Arabia and Russia are arguing over the price and flow of oil.”


It’ll be interesting to see which side Trump is on. Saudi Barbarias or on the Russians side.

I think now is a good time for the world to come together and nuke the Saudis. They shouldn’t be allowed to dump the prize of oil in this manner and hurt the world economy. It’s economical terrorism.
Habebe
Member
Mon Mar 09 12:17:23
Paramount, Well it is there oil. Ypunlibe im Sweden, I wouldn't think oilnwould be a huge concern For you.

Why aren't you mad at Russia pr China?
Paramount
Member
Mon Mar 09 12:27:10
We are kinda dependent on oil too, and we are also affected by ups and downs in the global world economy.

Yes, the oil is in Saudi Barbaria. But they are also terrorists.

I focus my ”anger” at the Saudis for the moment.
Nimatzo
iChihuaha
Mon Mar 09 13:07:05
Habebe have you read The Elders of Zion?
jergul
large member
Mon Mar 09 13:20:24
Nimi
Do you mean the protocols, or the abridged, mass market edition?
Habebe
Member
Mon Mar 09 13:24:56
Nimatzo, No, why?

Para, The world economy, yes. As for Oil, to a degree all nations are, but id think yours would.probably fair better than most.
Nimatzo
iChihuaha
Mon Mar 09 15:42:58
It explains how Jews are taking over the world. Must read.
jergul
large member
Mon Mar 09 15:50:12
Its a Russian classic!
Habebe
Member
Mon Mar 09 15:53:28
I don't need the details. Just execute them. I heard Merkel is spending 60 million to fix up Auschwitz.
Nimatzo
iChihuaha
Mon Mar 09 16:04:21
Sieg heil brother.
Nimatzo
iChihuaha
Mon Mar 09 16:05:57
May allah send us to victory against the jews, the crusader and the majoos. Inshallah habebe.
Habebe
Member
Mon Mar 09 16:10:33
So it's agreed we vote Biden.
Nimatzo
iChihuaha
Mon Mar 09 16:16:33
Think about it logically habebe, the signs are all there. Earlier this year birds were falling out dead out of the sky for no reason.

https://www.mirror.co.uk/news/uk-news/mystery-up-300-dead-birds-21073685

The assassination of Suleimani predicted by Nostradamus, now corona a modern day pestilence. The seals of the apocalypse have broken one after the other and 2020 is the rise of the anti-christ, Biden.
Habebe
Member
Mon Mar 09 16:27:37
I foresaw this in the flames while burning trash. Its how I make stars, pure recycling. I burn my trash in the fire place so I dont have to cut down trees ( very green) and the smoke collects in space to make stars like the sun. Then we get solar power and bam now we don't even need oil anymore.


And by trash I mean Jews.Deep down I'm really an enviromemtalist.
Nimatzo
iChihuaha
Mon Mar 09 16:30:25
Oh well if you are not going to take this seriously, you can go to hell!
Habebe
Member
Mon Mar 09 16:32:53
All I did was put forth some alternative facts.
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