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Old 03-09-2020, 08:18 AM
 
Location: Barrington
63,919 posts, read 46,608,492 times
Reputation: 20674

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Quote:
Originally Posted by andywire View Post

Agreed. The Fed has far greater influence behind the scenes. Although I think because of the internet, more people are aware of the role the fed plays in making and breaking markets. But the Fed can't make it rain for ever. They are out of ammo thanks to the era of ultra low interest rates, QE4eva, and the resulting high debt load.
The EMERGENCY 0.50% rate cut last week had no impact.
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Old 03-09-2020, 08:20 AM
 
30,030 posts, read 11,623,237 times
Reputation: 18534
Quote:
Originally Posted by middle-aged mom View Post
POTUS does not control markets, despite the cringe- worthy effort Trump has invested in claiming otherwise.

Certainly Trump is not going to take credit for the stock market plunge.
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Old 03-09-2020, 08:21 AM
 
9,639 posts, read 5,997,710 times
Reputation: 8567
Quote:
Originally Posted by middle-aged mom View Post
POTUS does not control markets, despite the cringe- worthy effort Trump has invested in claiming otherwise.
His ineptitude regarding corona is, however, having an effect on the markets. Assuming corona does take off in the US, his ineptitude will have a real effect on the actual economy.
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Old 03-09-2020, 08:21 AM
 
Location: Florida
77,013 posts, read 47,481,489 times
Reputation: 14806
Quote:
Originally Posted by Oklazona Bound View Post
Plus this is inter-day. You are comparing a inter-day price with previous closing prices. We will see where it is at the end of the day. Likely the FED will say something to calm down the market.
The FED already said something last week, and things only got worse, and now they are out of ammo.

Last edited by Finn_Jarber; 03-09-2020 at 08:31 AM..
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Old 03-09-2020, 08:22 AM
 
Location: alexandria, VA
16,352 posts, read 8,064,641 times
Reputation: 9726
Quote:
Originally Posted by middle-aged mom View Post
The EMERGENCY 0.50% rate cut last week had no impact.
Might have had a negative effect as people saw it as an act of desperation. And now with the lower rates the Fed has even less influence over the economy. And from day one of his presidency Trump has been pushing the Fed for lower rates.
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Old 03-09-2020, 08:23 AM
 
9,639 posts, read 5,997,710 times
Reputation: 8567
Quote:
Originally Posted by Finn_Jarber View Post
The FED already said something last week, and things only got worse, Now they are out of ammo.
Markets aren’t looking for fed cuts. They’re looking for actual leadership from the White House which they’re not seeing.
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Old 03-09-2020, 08:23 AM
 
Location: Barrington
63,919 posts, read 46,608,492 times
Reputation: 20674
Quote:
Originally Posted by eastriver View Post
Newsflash: Trump supporters never voted for Romney, McCain, Bush.
They voted for Obama?

I live in a Republican majority area. It was a sea of Romney signs in 2012. No Trump signs in 2016 although the community continued to vote the Republican ticket.

Fox News supports the Republican ticket, no matter who.
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Old 03-09-2020, 08:23 AM
 
Location: Howard County, Maryland
16,446 posts, read 10,478,892 times
Reputation: 36291
Quote:
Originally Posted by middle-aged mom View Post
Here’s a picture of people enjoying the day in an outdoor cafe in Milan. I don’t see the military imposing on the people at gunpoint.

https://www.nytimes.com/2020/03/08/w...uarantine.html

I understand that gatherings have been discouraged, but have outdoor cafes explicitly been ordered to shut down? If no such law has been ordered, there is nothing for the military to enforce in the picture shown.
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Old 03-09-2020, 08:24 AM
 
Location: Florida
77,013 posts, read 47,481,489 times
Reputation: 14806
Quote:
Originally Posted by tipsyguam View Post
You are always on here cheering when the market is going down
Cheering? I have been 401K investor since my 20s, and there are tens of millions of others who are losing money.

Thinking there is something to cheer about is a product of your mind (aka it's what you would do), so please do not project it on me.
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Old 03-09-2020, 08:24 AM
 
9,254 posts, read 3,568,794 times
Reputation: 4852
From day 1 I have said that the Fed needed to increase rates so they would have ammo to use in a situation like this. Instead, they were foolishly engaging in the functional equivalent of QE at the behest of the President even when the economy was humming along. Now that the wolf is at the door, the chamber is empty. It was so predictable.
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