Post New Article

Dow plummets, trading halts amid oil,
coronavirus fears -- Don't panic,
investors. Here's what you need to do

Original Article

Posted By: grace127, 3/9/2020 1:03:23 PM

We don’t know whether coronavirus will become a full-blown pandemic in the United States, just like we don’t know whether the stock market will go up or down in the next few days or weeks. For instance, investors on the morning of Monday, March 9 woke up to blaring headlines of an oil-price war, and temporary halts to trading on American stock markets due to volatile price declines. But here’s what you should keep in mind: Over the long term, both the American economy and the stock market have proven incredibly resilient in the face of challenges, from two world wars to 9/11 to the Great Recession.

Post Reply

Reply 1 - Posted by: DVC 3/9/2020 1:18:25 PM (No. 341312)
My investment strategy does not involve reacting to daily market swings. I absolutely ignore this sort of foolishness, driven by ignorant panic and reinforced by computerized trading routines which are badly written and react in harmful ways to highly variable days.
26 people like this.

Reply 2 - Posted by: MSUDoc 3/9/2020 1:22:34 PM (No. 341321)
Fox News is just as bad as the rest of the panic-stricken, hysterical screeching media.
25 people like this.

Reply 3 - Posted by: Lucky5 3/9/2020 1:26:16 PM (No. 341325)
I have been through this at least 4 times in the last 28 years. I found it best to not check my accounts and ignore until the upswing/recovery begins. Which usually is not that long coming. I did buy a few stocks I wanted for some time last week, and they dropped a tad today. But as an example Walmart hit 108 last week and it is 119. right now.
17 people like this.

Reply 4 - Posted by: Smart11344 3/9/2020 2:32:56 PM (No. 341382)
I'm too old to play the market. But, young savy buyers can buy now at bargain prices and reap the payoffs.
16 people like this.

Reply 5 - Posted by: paleoconserv43 3/9/2020 2:44:58 PM (No. 341399)
Left wing billionaires tanking the market to sink Trumps re-election. That’s all you need to know.
24 people like this.

Reply 6 - Posted by: ARKfamily 3/9/2020 2:45:40 PM (No. 341402)
So let's see. Democrats or liberals want me to vote for their party because I blame Donald Trump for Coronavirus and Wall Street. So they want me to vote against him because they can manage these things better? Are they nuts? The "tax and spend" party wants me to believe we will be better off with them? Eight years of Obama was enough for me. . .
18 people like this.

Reply 7 - Posted by: bighambone 3/9/2020 3:17:57 PM (No. 341424)
Sit back and watch as the Russians and Saudis play out their oil price war. In six months the current market downturn will more likely be a distant memory, if you do not panic and sell your positions in the market.
13 people like this.

Reply 8 - Posted by: skacmar 3/9/2020 3:43:25 PM (No. 341440)
There is sell off due to concern about the unknown, and then there is the current media driven frenzied idiotic market panic. This sell off and market price drop is getting ridiculous! If a company was worth $100.00 per share before the virus, it is most probably worth $100.00 during the virus, and will still be worth $100.00 after the virus. If people are smart, they will be using this market drop as an opportunity to buy stocks in companies that are getting hammered price wise by people who panicked or in industries who were negatively affected (airlines, cruise lines, other travel companies...).
13 people like this.

Reply 9 - Posted by: skacmar 3/9/2020 3:50:02 PM (No. 341443)
IF THIS WERE NOT A PRESIDENTIAL ELECTION YEAR WITH A PRESIDENT THAT THE MEDIA HATES, I BET THAT NOBODY WOULD HAVE EVER HEARD OF THE CORONA VIRUS! If people would just chill out and look at the number of infected / deceased compared to infected / deceased to the flu or other common illnesses that go around every year, they would not be afraid of anything and would proceed with their lives as usual with little to no disruption. Instead, the media are fixated on a small number of ill / dead and magnify any and all new or bad news while ignoring any improvements or advances in fighting the spread of the illness. Compared to the flu this year, Corona Virus is nothing!
14 people like this.

Reply 10 - Posted by: chumley 3/9/2020 4:46:04 PM (No. 341474)
I've lost enough in the last two weeks to buy a small house. I have no choice but to stay in or I'll never get my money back. Or I may lose even more. I may never be able to retire now. Saving for retirement is stupid. I might as well have flushed it down the toilet for the last 40 years. Safe bet someone is making money off this, but it sure isn't me.
4 people like this.

Reply 11 - Posted by: smcchk 3/9/2020 4:59:33 PM (No. 341481)
Who is willing to tank the global economy to blame it on the President? This is becoming ludicrous.
5 people like this.

Reply 12 - Posted by: oldmagnolia 3/9/2020 5:09:07 PM (No. 341489)
#2 Fox and Fox Business. Today I opened FB and saw 7 posts trying to promote panic over the virus. They are using it to destroy the market, Trump and the country.
8 people like this.

Reply 13 - Posted by: DVC 3/9/2020 5:11:55 PM (No. 341491)
Mostly due to the lowering of oil prices. Who is ACTUALLY hurt? Russia and Iran have the slats knocked out from under their only significant cash flow source. That is good news for the rest of the world. Lower gas costs. Lower transportation costs, lower airline ticket costs, lower trucking costs, lower costs for farmers in diesel fuel, lower cost for energy across the board is a huge win for all consumers and all businesses, other than those who are producing energy. And it helps make all that green energy garbage proportionally that much LESS COMPETITIVE, too. This is a huge win, unloading of part of the burden applied to the world economy in 1973 and 1976 "oil shocks" which were put in place by a cartel to ARTIFICIALLY raise prices.
5 people like this.

Reply 14 - Posted by: DVC 3/9/2020 5:14:01 PM (No. 341492)
#10, my experience has been precisely the opposite of yours. And I have "lost" much more than a small house in the last few days, but will make back a couple of large houses by the end of the year, no doubt.
15 people like this.

Reply 15 - Posted by: DVC 3/9/2020 5:56:38 PM (No. 341513)
At Dow close today, it is UP by 33% since just before Trump was elected. So, anyone who was invested only in the Dow stocks (there are better strategies) will have increased their retirement funds by 1/3 since Trump was elected, even after this "horrible event". And you can just about guarantee that it will be back up before the end of the year so that the gain over Trump's first term will be more like 40 to 50%.
5 people like this.

Reply 16 - Posted by: varkdriver 3/9/2020 6:01:30 PM (No. 341519)
Keep on buying. Some excellent bargains out there. Stuck in an airport the other day, and Communist News Network is All Corona, All The Time. If they think it will hurt The Donald, they will blare it 24/7 for an entire year. Never mind the fact the number of cases are going DOWN...
6 people like this.

Reply 17 - Posted by: NYbob 3/9/2020 6:43:40 PM (No. 341552)
The rules completely changed by two events. The Fed writing itself blank checks to feed the printing presses, and the success of fracking. Completely changed the money markets worldwide and the energy markets worldwide. It does not matter if the US is a thousand trillion in debt to itself, it is the cleanest shirt in a filthy pile of other countries who have the same debt issue, but no middle class or the amount of resources and wealth in place like the US has. Energy? We now have our choice of vast gas fields or the old reliable Pittsburgh seam that despite centuries of mining still has hundreds of years worth of coal in the ground. Look around. Where are the wealthy of the world going to invest? The ONLY reason not to be positive about the US economy is if our country is so inattentive or brainwashed, that we elect one of the idiot tyrant rats running for President. It seems insane to think that could happen given the turnaround in America's fortunes the last 3+ years, but it could happen and be closer than sane people want to believe.
6 people like this.

Reply 18 - Posted by: Lawsy0 3/9/2020 7:04:11 PM (No. 341560)
Rush Limbaugh taught an Economics 101 class today on his show. Tune in, it is free.
5 people like this.

Reply 19 - Posted by: franq 3/9/2020 9:09:30 PM (No. 341611)
It's got me jittery and thinking of converting to fixed assets, but as you knowledgeable ones have pointed out, if it dropped that fast, it can come back just as fast. Need to check my balance tomorrow to survey the damage.
1 person likes this.

Reply 20 - Posted by: DVC 3/9/2020 11:11:44 PM (No. 341655)
#19, don't do a thing. The more you measure and worry about daily moves, the more likely you are to talk yourself into "cutting your losses". In reality, you will LOCK IN your "losses" which are, at this point, entirely theoretical. Only by seling do you make them i to real losses. I've been thru this since the 80s, and every time my financial advisor warned me to stand pat, it was the right thing. If you have reasonable diversity, you'll be OK. If you only have a few individual stocks, hard to predict.
4 people like this.

Reply 21 - Posted by: Trigger2 3/10/2020 1:53:59 AM (No. 341703)
Since Soros and demonrats control the media, I suspect they're making a lot of money in the stock market by selling short. Do you really think any of them care about you? Not when there's money to be made for themselves which is all the time.
2 people like this.

Reply 22 - Posted by: franq 3/10/2020 5:58:48 AM (No. 341742)
Thanks for the advice, #20. I truly respect your opinion. I am 2-3 years from retirement, and Lord willing, Trump will be re-elected. That should put things back on an even keel. Just hate to see 20-30% balance drop, then hope it will return. We have a good company match 401k program.
1 person likes this.

Below, you will find ...
Most Recent Articles posted by "grace127"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by grace127"
How Media And Pentagon Brass Used
Bad Math To Slander Our Troops
5 replies
Posted by grace127 2/9/2021 9:41:59 AM Post Reply
Are the ranks of the U.S. military riddled with white supremacists? CNN thinks so, and won’t let the facts get in the way of this compelling narrative. CNN makes its case in a story headlined, “Disproportionate number of current and former military personnel arrested in Capitol attack, CNN analysis shows.” This is both factually untrue and downright libelous. It dishonors the brave men and women who serve in our armed forces.
Maryland should reject an
arbitrary upper limit
on prescription drugs
4 replies
Posted by grace127 1/29/2021 10:32:36 AM Post Reply
As millions of Americans nationwide patiently wait for access to the coronavirus vaccine, why would lawmakers enact a bill to reduce the availability of lifesaving treatments? Those effects would likely result from legislation the Maryland House of Delegates will soon vote on. As the parent of a child born with a disability, I believe the move will harm some of the most vulnerable among us.
Kamala Harris undermines
her historic vice presidency
by supporting policies
ruinous to women
8 replies
Posted by grace127 1/27/2021 5:09:27 PM Post Reply
Kamala Harris made history when she became our country’s first female vice president. While electing the first woman to a nationwide office serves as an important milestone, Harris’s policy positions themselves provide little comfort to women. On numerous issues, Harris will undermine, rather than advance, causes that are important to women.
Biden Advisor Disregards
Dignity of the Elderly
5 replies
Posted by grace127 12/14/2020 11:27:17 AM Post Reply
In the book of Genesis, the patriarch Methuselah, grandfather of Noah, lived to the age of 969. One of Joe Biden’s advisors would have you believe he lived approximately 892 years too long. Six years ago, Zeke Emanuel, recently named to Biden’s coronavirus task force, famously wrote an essay that The Atlantic entitled “Why I Hope to Die at 75.” In a 2019 interview, he disclaimed responsibility for the article’s title, but not its sentiments.
Halloween 2020 –
It's government overreach
that is really spooky
this year
4 replies
Posted by grace127 10/26/2020 6:41:47 AM Post Reply
If you had told parents living in Los Angeles back in March, that we would still be under lockdown seven months later and that our children would not be permitted to freely trick-or-treat on Halloween we would have started our own peaceful playground protests. As a mother of two small children, I have seen firsthand how my kids have been uniquely impacted by the extended confinement. Their routines were disrupted without warning and they've experienced broken promises of when life as they knew it would resume based on moving targets set by local officials.
The secular left,
Democrats can't impose
a religious test
on Amy Coney Barrett
4 replies
Posted by grace127 10/4/2020 9:07:05 AM Post Reply
Congressional Democrats who have spent the past four years fixated on the Constitution’s emoluments clause might want to focus on another portion of our nation’s founding document. Article VI, Section 3 states that lawmakers and federal employees “shall be bound by Oath or Affirmation, to support this Constitution; but no religious test shall ever be required as a Qualification to any Office or public Trust under the United States.” This passage could end up front-and-center in the Senate hearings over Judge Amy Coney Barrett’s nomination to the Supreme Court.
Biden used character assassination in Senate
to fight GOP Supreme Court nominees
like Barrett
9 replies
Posted by grace127 10/1/2020 9:49:17 AM Post Reply

As we head toward Judge Amy Coney Barrett’s Senate confirmation hearings on her nomination to the Supreme Court, let’s not forget that former Vice President Joe Biden is responsible for turning the high court confirmation process into a blood sport driven by character assassination. Biden, now the Democratic presidential nominee, claims to work across the aisle with Republicans. But his vicious conduct as a Democratic senator from Delaware in the confirmation hearings for Robert Bork (whose nomination was not confirmed) and now-Supreme Court Justice Clarence Thomas is a permanent stain on the Senate’s reputation.

Save lives with
commonsense, nonpartisan
organ donation reform
9 replies
Posted by grace127 7/23/2020 8:52:39 AM Post Reply
The coronavirus pandemic has made all of us acutely aware of the fragility of health. People in fine shape one day have died in a matter of weeks or even days, and the burden of this disease falls especially hard on racial and ethnic minorities. Even patients who survive face long-term consequences from their illness. COVID-19 has caused kidney failure in some patients and lung failure in others, and some of these patients may require a transplant to recover fully from the virus and maintain their quality of life.
COVID-19 Will
Help Us Overhaul
Clinical Trials
5 replies
Posted by grace127 6/17/2020 2:59:28 PM Post Reply
Clinical trials are frustrating when they fail—and most do, but they seem almost magical when they work. I experienced that magic in 2018 when one saved my life. I have cystic fibrosis (CF), a rare genetic condition that usually manifests in severe respiratory disease and maintains a median age of death of about 30 years old. CF leads to an abundance of thick, sticky mucus that traps harmful bacteria in the lungs until it eventually suffocates patients from the inside. I was 27 when I entered the trial that halted my rapid deterioration, and that came after a l
Coronavirus Lockdowns
Are Increasingly
Unpopular
16 replies
Posted by grace127 5/20/2020 8:40:11 AM Post Reply
Ronald Reagan famously declared that the nine most terrifying words in the English language are, "I'm from the government and I'm here to help." Those words resonate with many during a time when some governments are aggressively enforcing efforts that seek to prevent society from re-opening. Polling I conducted this past weekend found that 52 percent of voters share Reagan's view of how terrifying government "help" can be. Only 35 percent disagree. Initially, of course, there was strong support for the lockdowns. But a backlash is brewing.
With appropriate distancing measures,
Virginia churches should be allowed
to conduct services
5 replies
Posted by grace127 5/8/2020 8:15:16 AM Post Reply

The Justice Department’s recent decision to weigh in on Virginia Gov. Ralph Northam’s (D) stay-at-home order poses a fundamentally important question: If governments rightly consider physical nourishment an “essential” service, should not the spiritual sustenance that churches can provide receive at least equal consideration?   The Justice Department intervened after the pastor of the Lighthouse Fellowship Church in Chincoteague, Va., received a criminal charge for holding a service that 16 people attended, more than the limit of 10 set out in Northam’s order. Its brief noted that the congregation abided by social distancing guidelines and that other establishments — including liquor stores and big-box retailers — do not have to abide by a 10-person limit on gatherings.

What Gov. Cuomo owes
cystic fibrosis patients
8 replies
Posted by grace127 5/5/2020 10:27:23 AM Post Reply
In the middle of a global health crisis, New York State government has told some of the most vulnerable people living in the state: Sorry, we can’t help you anymore. In a letter dated April 23, the Department of Health informed a small number of people living with cystic fibrosis (CF) that they would no longer be given assistance with medical payments via the New York State Adult Cystic Fibrosis Assistance Program (ACFAP). The program must be reinstated.
Most Active Articles (last 48 hours)
Biden's Incoherence Just Hit Critical Mass,
This Is Scary Awful
48 replies
Posted by Dreadnought 3/8/2021 11:45:49 PM Post Reply
As we reported two days ago, Joe Biden completely made no sense when he was trying to explain the Wuhan coronavirus relief bill. It was really bad and it explains why they’re afraid to have him deliver an address to Congress or do any kind of a real solo press conference, because at this point they have to be afraid this is all going to fall apart if he does anything live and this all becomes too obvious to the American people. But there’s only so long that they can hold this off. And it’s getting worse, as video today revealed. Biden was holding an event to announce the nomination
‘Huge Development’: Democrat Sen. Joe
Manchin Starts To Crack On Filibuster,
Signals Openness To Change
41 replies
Posted by Imright 3/8/2021 12:32:41 AM Post Reply
Democrat Senator Joe Manchin (WV) appears to have started to shift his views on the filibuster with remarks that he made on two news shows on Sunday morning.The shift from Manchin comes after he has repeatedly stated that he would not vote to end the filibuster, despite pressure from the far-Left. During the interviews on Sunday, Manchin repeatedly claimed that he was not open to ending the filibuster because he did not want to strip the minority party of their power in the Senate, but signaled that he was open to changing it.Fox News host Chris Wallace asked Manchin if he would consider “reforming the filibuster” if “Republicans
Evangelicals For Biden ‘Feel Used And Betrayed’
By Biden Fulfilling His Radical Abortion Promises
37 replies
Posted by Calvinesq 3/8/2021 10:37:51 AM Post Reply
In an open letter released Sunday, Pro-Life Evangelicals for Biden urged him to “honor his commitment” and include the Hyde Amendment in Democrats’ $1.9 trillion COVID-19 spending package, writing “we feel used and betrayed.” The letter states: We are very disappointed about the COVID-19 relief package’s exclusion of the Hyde Amendment, a longstanding bipartisan policy that prevents taxpayer funding for abortion. [snip] As pro-life leaders in the evangelical community, we publicly supported President Biden’s candidacy with the understanding that there would be engagement [with] us on the issue of abortion and particularly the Hyde Amendment
Meghan Markle reveals her true
self in Oprah interview
32 replies
Posted by Imright 3/8/2021 9:11:10 AM Post Reply
If you had any doubts that Meghan Markle is a manipulative piece of work, her bombshell Oprah interview Sunday night dumping on the British monarchy would set you straight. Prince Harry’s American wife accused his family of hateful racism against her baby, claimed they refused to protect her and drove her to the point of suicide.She made the incendiary and implausible charge that when she was pregnant with Archie, the royal family decreed that her unborn son would be denied the title of “prince” because her mixed race meant he might have dark skin.
Biden’s German Shepherds Shipped Back
to Delaware After ‘Biting Incident’
Involving White House Security
31 replies
Posted by Imright 3/8/2021 11:38:50 PM Post Reply
Joe and Jill Biden’s German Shepherds were shipped back to Delaware after a “biting incident” involving White House security, CNN reported.Major was adopted by Joe Biden and his handler wife Jill in 2018 from an animal shelter.Major and Champ moved into the White House in January and they’re already gone. The condition of the victim was not disclosed but it was serious enough to remove both dogs from the White House.CNN reported: The two German Shepherds belonging to President Joe Biden and first lady Jill Biden were returned to the Biden family home in Delaware last week
Pelosi’s HR1 bill a blatant power grab for Democrats 30 replies
Posted by FlyRight 3/8/2021 5:28:52 AM Post Reply
Nancy Pelosi’s top priority is to turn America into a one-party nation ruled by Democrats. Her bill HR 1 trashes the U.S. Constitution in an attempt to rig the system and make it virtually impossible to elect a Republican president or Congress again. It’s a power grab. The bill eviscerates state voting laws and forces all the states to conform to a set of rules that includes automatic voter registration. Anyone who goes to a DMV or applies for food stamps, Medicaid or other social services, or attends a public college will be automatically enrolled to vote. Noncitizens are obligated to identify themselves and opt out,
Biden seems to forget defense
secretary’s name, calls him
'the guy who runs that outfit'
29 replies
Posted by Ribicon 3/8/2021 8:37:17 PM Post Reply
President Biden on Monday seemed to forget Defense Secretary Lloyd Austin’s name at a White House event—calling the Pentagon chief “the guy who runs that outfit over there.” Biden was announcing the nomination of two female generals to lead US military combatant commands. “And I want to thank the sec—the, the, ah former general. I keep calling him general, but my, my—the guy who runs that outfit over there,” Biden said.(Snip) Earlier at the event, Biden mentioned the Defense Department leader by his name, “Secretary Austin,” while appearing to read from a teleprompter.
Oprah interview bombshells: Meghan claims
she was suicidal when she was five months
pregnant, Kate made HER cry and Royals
refused to make Archie a prince because
they were worried how 'dark' he would be
27 replies
Posted by Imright 3/8/2021 8:21:02 AM Post Reply
The Royal Family was left reeling this morning after Meghan Markle tearfully revealed that the stress of royal life made her suicidal when she was five months pregnant, claimed Archie was denied the title of prince because he is mixed-race and said Kate Middleton made her cry before she married Harry in a bombshell interview with Oprah Winfrey.The couple also chose to reveal that they are having a baby girl to the tens of millions of people watching the CBS show broadcast in the US before accusing the Royal Family of racism and revealing the deep rift 'Megxit' has caused with Prince Charles and Prince William.
Meghan Markle openly
accuses the Royals
of racism
26 replies
Posted by Magnante 3/8/2021 5:26:07 AM Post Reply
I’m probably second to none in my dislike for Meghan Markle. There’s something unattractive about a mature woman marrying into the British Royal family with one of the world’s most expensive weddings, hanging out with the Queen, living in insane luxury…and then whining non-stop about the horror of her life. There’s something even less appealing when that woman accuses the Royal family of race hatred. And the problem is that, when it comes to that left-wing diva, Meghan Markle, it’s hard to believe most of what she says. After weeks of hype, CBS finally televised Meghan Markle and Prince Harry’s interview with Oprah.
Watch: John Solomon Gives Stunning Update
in Durham’s ‘Russiagate’ Investigation
24 replies
Posted by Imright 3/8/2021 4:56:55 PM Post Reply
Without question, the vast majority of Americans who support former President Donald Trump were angry and frustrated throughout 2020 passed with barely a mention of then-U.S. Attorney John Durham’s criminal investigation into the FBI’s fraudulent “Russiagate” counterterrorism operation directed at his 2016 campaign.In the weeks before the November election, word got out that then-Attorney General William Barr wasn’t going to announce any indictments or even a report on Durham’s investigation because he did not want to influence the outcome.So far, in fact, the only indictment to come out of the Durham probe is that of former FBI lawyer Kevin Clinesmith, who essentially got a slap on the wrist
Democrats renew calls to remove
J. Edgar Hoover's name from FBI building
24 replies
Posted by Ribicon 3/8/2021 2:56:29 PM Post Reply
Rep. Steve Cohen vowed to renew the push to remove former FBI Director J. Edgar Hoover’s name from the bureau’s downtown Washington headquarters, according to an interview released Monday. Appearing on Yahoo! News’ Skullduggery podcast, the Tennessee Democrat said the effort is getting a fresh look after the release of a new movie highlighting the FBI’s secret program to discredit civil rights activists. The Washington Times in 2019 first reported Democrats’ bid to strip the longtime FBI director’s name from the bureau’s headquarters. Mr. Cohen said the impetus to revive the bid is the new movie, “Judas and the Black Messiah.” The movie details
Jill Biden, the Meghan Markle
in the WH, is egregiously
guilty of elder abuse
23 replies
Posted by Magnante 3/9/2021 4:40:38 AM Post Reply
“There must have been a moment, at the beginning, when we could have said –-no. But somehow we missed it.” Tom Stoppard The millions of Americans who were paying attention throughout the 2020 election campaign all became painfully aware of the fact that Joe Biden’s cognitive abilities were slipping and slipping fast. His wife, as the person closest to him, should have been the one to call the campaign quits in order to reduce stress on the man. Instead, apparently so anxious to become the First Lady by any means necessary, Mrs. Biden continued to push her failing husband’s campaign forward as if he were mentally qualified.
Post New Article