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  1. #1
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    market

    anybody still in the market?
    i think it has a way to go yet.

  2. #2
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    Quote Originally Posted by dragmerc View Post
    anybody still in the market?
    i think it has a way to go yet.
    Think about this coronavirus CoVid 19. It's got the Chinese Government making everyone in China stop working and hiding in their homes to contain the spread of this virus. If the Chinese people can't work then they can't make the products that we all buy. No parts for cars and the production lines here in the USA stop. This is why the stock market is crashing. Should you get in or out? I can't tell you that. But just think about this for a minute. This virus is spreading al over the world. Italy, Iran, China, USA, Middle East. Japan and S. Korea. Now this virus spreads fast but it's not killing everyone that has it. Most survive the virus. Only about 3 or 4 % have died so far. There is one women in CA that has the virus and as far as the authorities know she didn't come inito contact with anyone from Asia or China. She didn't travel out of the country and was not on the Cruise Ship. Where she got the virus is unknown right now. So if she can gt the virus then how did she get it and can others get it? There is a lot to figure out. But what we can't afford to do is try to hush up what is going on. I've been flipping TV stations on cable. Fox is downplaying the virus and other stations are talking it up. Trump and Pence have gagged the people at the CDC and other health depts and stopped them from doing intervies without prior authorization from Trump and Pence. That is not a good way to handle this giving that Trump does not trust science IMHO. He does look at the Stock Market. There you see the Stock Market plunging down with a record drop in stock prices today. I don't have any money in the Stock Market anymore.

  3. #3
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    Market takes another tumble

    Quote Originally Posted by dragmerc View Post
    anybody still in the market?
    i think it has a way to go yet.
    They had to shut down the Stock Market trading for 15 minutes to try and halt the drop in stocks as everyone is selling their stocks and the prices are tanking.

    Meanwhile, the President is banning all travel to Europe form the USA. NOT GOOD!

  4. #4
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    market was way over priced and the virus was a trigger.
    it will be a while before they know the full economic impact.
    all countries are throwing money at the problem which creates even more problems.
    most of the market run up was from funny money the fed pumped in, quantitative easing, repo market, etc.
    the fed and central banks should be abolished. they are robbing us poor people.
    market is down over 25%, i'm waiting til it gets 40% down.
    hold on to your hat boys, i don't think anybody knows where this is going.
    on a good note, i will be able to buy boat gas before long.

  5. #5
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    Gas is below $2/gal here. That is up side.

    Quote Originally Posted by dragmerc View Post
    market was way over priced and the virus was a trigger.
    it will be a while before they know the full economic impact.
    all countries are throwing money at the problem which creates even more problems.
    most of the market run up was from funny money the fed pumped in, quantitative easing, repo market, etc.
    the fed and central banks should be abolished. they are robbing us poor people.
    market is down over 25%, i'm waiting til it gets 40% down.
    hold on to your hat boys, i don't think anybody knows where this is going.
    on a good note, i will be able to buy boat gas before long.
    I heard someone say that gas might go down below $1/gal. I have not seen that since the 1970s.

  6. #6
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    wonder why george bush lowered the price of gas so much?

  7. #7
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    Quote Originally Posted by dragmerc View Post
    wonder why George Bush lowered the price of gas so much?
    I don't know. Perhaps we should ask President William Clinton.

    I bought a new Datsun 240Z car right when the Arabs started the oil embargo. That car got great gas mileage for it's time. And it was a fun car to drive. Now I drive a Nissan Pickup truck. It's easier to haul stuff with the truck. Not much more room in the cab of the truck than in the Z car. But I'm glad I got the long bed truck and have plenty of room in the back to haul most anything. Plus I can use the truck to haul the boat.

  8. #8
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    $1.64/gal this morning.
    now i can afford to go fishing.
    thanks george.

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