Advertisement

Drudge Retort: The Other Side of the News
Monday, March 09, 2020

U.S. stocks plunged so quickly Monday that trading was halted as frightened investors fled the markets amid growing economic uncertainty over the spreading coronavirus.

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Fat Nixon's bumbling of this has erased all gains since Oct 2017.

It took W 8 years to crash the economy. Fat Nixon is setting records again.

#1 | Posted by Nixon at 2020-03-09 09:43 AM | Reply | Newsworthy 2

Markets have been shut down once already today.
Next circuit breaker is at a 20% drop from the start, IIRC.
That'll be a complete shutdown of the market for the day.

Trump's going to be tweeting "hoax" any minute now.

#2 | Posted by YAV at 2020-03-09 09:52 AM | Reply | Funny: 1 | Newsworthy 1

What's funny is we set a new company record for incoming sales order dollars last week.

#3 | Posted by GalaxiePete at 2020-03-09 11:43 AM | Reply

Curse you Obama!

Look what those ebil Democrats have done.

#4 | Posted by donnerboy at 2020-03-09 11:52 AM | Reply

Maybe now we can have a sustainable economy and not a Ponzi scheme. Nah,that's too much to hope for.

#5 | Posted by Effeteposer at 2020-03-09 12:05 PM | Reply

@YAV

There are 3 stops:

personal.vanguard.com
Details at the link

#6 | Posted by GOnoles92 at 2020-03-09 12:39 PM | Reply | Newsworthy 1

What's funny is we set a new company record for incoming sales order dollars last week. #3 | POSTED BY GALAXIEPETE

SaaS? Were earnings announced last week? 8)

#7 | Posted by GOnoles92 at 2020-03-09 12:40 PM | Reply

There are 3 stops:

Thanks. I couldn't remember and I didn't care enough to look it up, but it's nice to know! I missed the 13% one.

#8 | Posted by YAV at 2020-03-09 12:43 PM | Reply

"What's funny is we set a new company record for incoming sales order dollars last week."

That is because people don't want to believe their lying eyes about the economy and the Cornavirus pandemic.

#9 | Posted by danni at 2020-03-09 12:44 PM | Reply

Obviously, Hillary spent time in her lab creating this virus to destroy the Trump admin and then.... take over the world!

Here's the evidence:

www.youtube.com

The great thing about this conspiracy theory is that both extremes right and left will buh-lieve it.

#10 | Posted by Corky at 2020-03-09 01:12 PM | Reply

Thanks Trump! You ***hole.

#11 | Posted by moder8 at 2020-03-09 01:24 PM | Reply

Next circuit breaker is at a 20% drop from the start, IIRC.

It's a free market. Let it ride!

When somebody loses their ass, they can pull themselves up.

#12 | Posted by lee_the_agent at 2020-03-09 01:52 PM | Reply

Buying opportunity in the near future; prepare to take advantage of lower prices.

#13 | Posted by MSgt at 2020-03-09 02:09 PM | Reply

"Buying opportunity in the near future; prepare to take advantage of lower prices."

In order to do that, you'd have to sell now...

#14 | Posted by snoofy at 2020-03-09 02:10 PM | Reply

#10 Don't be silly Hillary had nothing to do with this virus.

It was obviously Hunter Biden. Why else was he in China last year? Why is the virus named after his favorite drink?

Hunter also got Putin to fight with MBS to crash the market to punish the Oil and Gas sector after they mocked his lack of experience.

Only fools don't see the truth.

#15 | Posted by bored at 2020-03-09 02:10 PM | Reply | Funny: 3

In order to do that, you'd have to sell now...

#14 | POSTED BY SNOOFY AT 2020-03-09 02:10 PM | FLAG: Lesson here for you: Some us actually keep a percentage of our monies in the money market, holding for just such a buying opportunity. No selling here and having a large percentage of investments in income producing 'products' [i.e., dividend paying stocks and MLPs, REITs] the cash position builds up each month as well as 'banking' cash each month out of our income.

The only one who has actually lost anay would be those selling in panic, otherwise it is just a paper loss.

#16 | Posted by MSgt at 2020-03-09 02:24 PM | Reply

In order to do that, you'd have to sell now...

#14 | POSTED BY SNOOFY

Nah, just up your contribution % or use available funds.
No sense in trying to time a "bottom," but if retirement is decades away, then a decline like this isn't too worrisome.

Personally, I'd like to see housing prices decline in the next few years..

#17 | Posted by GOnoles92 at 2020-03-09 02:45 PM | Reply

"Personally, I'd like to see housing prices decline in the next few years.."

That only happens during a recession.
So, you're hoping for recession.
Which is what you accuse liberals of.

#18 | Posted by snoofy at 2020-03-09 03:17 PM | Reply

Thanks Trump...
Thanks GOP, Party of Voodoo Economics...
We've had about enough of your 'genius'...

#19 | Posted by earthmuse at 2020-03-09 03:29 PM | Reply | Newsworthy 2

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!

- Donald Trump

twitter.com

#20 | Posted by Pirate at 2020-03-09 05:26 PM | Reply

Which is what you accuse liberals of.
#18 | POSTED BY SNOOFY

Oh really? Lol, good luck finding a quote on that.
I'm ready for the next one.

#21 | Posted by GOnoles92 at 2020-03-09 06:25 PM | Reply

#20 | Posted by Pirate

You must have missed the anchor on the DOW the previous week and multiple record point drops.

That was before Putin decided to leave OPEC+ to destroy U.S. oil production.

If Putin had agreed with OPEC to cut production in response to reduced demand caused by the coronavirus outbreak, that opportunity wouldn't have presented itself. Saudi Crown Prince MBS wouldn't have dramatically lowered prices and increased production to fcck Putin.

This may spell the end of the Putin-Trump bromance. And Jared Kushner's influence with MBS is dropping as Trump's chances of reelection dim as the house of BS cards collapses.

#22 | Posted by AMERICANUNITY at 2020-03-09 06:48 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2020 World Readable

Drudge Retort