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PostPosted: Thu Feb 27, 2020 10:29 am 
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pittmike wrote:
By percentage I assume this has nothing at all in common with 1987-88.


Correct...these moves have been 2-3%. Black Monday in 1987 was down 22%. It would be like the Dow dropping over 5,000 points today.

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PostPosted: Thu Feb 27, 2020 10:33 am 
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At some point triggers in the trading algorithms will go off and things will start cascading. Not sure how far we are from that.

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PostPosted: Thu Feb 27, 2020 10:52 am 
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Holy shit oil prices.

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PostPosted: Thu Feb 27, 2020 11:15 am 
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Jbi11s wrote:
Holy shit oil prices.


Why isn't gas (at the pump) dropping?


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PostPosted: Thu Feb 27, 2020 11:16 am 
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Caller Bob wrote:
Jbi11s wrote:
Holy shit oil prices.


Why isn't gas (at the pump) dropping?
FEAR MONGERING!!!!!!

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PostPosted: Thu Feb 27, 2020 11:17 am 
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Frank Coztansa wrote:
Caller Bob wrote:
Jbi11s wrote:
Holy shit oil prices.


Why isn't gas (at the pump) dropping?
FEAR MONGERING!!!!!!


Go back to putting farts in jars.


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PostPosted: Thu Feb 27, 2020 12:17 pm 
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Caller Bob wrote:
Jbi11s wrote:
Holy shit oil prices.


Why isn't gas (at the pump) dropping?


I was wondering why it's going up.

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PostPosted: Thu Feb 27, 2020 12:30 pm 
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Nas wrote:
Caller Bob wrote:
Jbi11s wrote:
Holy shit oil prices.


Why isn't gas (at the pump) dropping?


I was wondering why it's going up.


I chalked it up to the monthly breakdown/maintenance shutdown of some refinery in Whiting as usual :wink:

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PostPosted: Thu Feb 27, 2020 1:32 pm 
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Regular Reader wrote:
Nas wrote:
Caller Bob wrote:
Jbi11s wrote:
Holy shit oil prices.


Why isn't gas (at the pump) dropping?


I was wondering why it's going up.


I chalked it up to the monthly breakdown/maintenance shutdown of some refinery in Whiting as usual :wink:


:lol: :lol: :lol:

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PostPosted: Thu Feb 27, 2020 1:38 pm 
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Regular Reader wrote:
[
I chalked it up to the monthly breakdown/maintenance shutdown of some refinery in Whiting as usual :wink:


There probably isn't even a refinery in Whiting, they just say it and laugh their asses off.

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PostPosted: Thu Feb 27, 2020 1:52 pm 
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Hatchetman wrote:
Regular Reader wrote:
[
I chalked it up to the monthly breakdown/maintenance shutdown of some refinery in Whiting as usual :wink:


There probably isn't even a refinery in Whiting, they just say it and laugh their asses off.


At this point, who would even check? Death, taxes & refinery breakdown so gas prices routinely spike.

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PostPosted: Thu Feb 27, 2020 2:28 pm 
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Weird, I see Dolphin looking in my asshole


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PostPosted: Thu Feb 27, 2020 2:49 pm 
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Jbi11s wrote:


That tweet has been deleted.


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PostPosted: Thu Feb 27, 2020 2:50 pm 
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That doesn't make his statement any less real.

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PostPosted: Thu Feb 27, 2020 3:29 pm 
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Jaw Breaker wrote:
10-yr at 1.32%


1.25% today

Oil @ $47

Dow 30 down another 700

:shock: :bounce:

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PostPosted: Thu Feb 27, 2020 3:35 pm 
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Regular Reader wrote:
Jaw Breaker wrote:
10-yr at 1.32%


1.25% today

Oil @ $47

Dow 30 down another 700

:shock: :bounce:

If only we had confidence in Trump, the market would be up.


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PostPosted: Thu Feb 27, 2020 3:42 pm 
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Nardi wrote:
Regular Reader wrote:
Jaw Breaker wrote:
10-yr at 1.32%


1.25% today

Oil @ $47

Dow 30 down another 900

:shock: :bounce:

If only we had confidence in Trump, the market would be up.


15000 lies will do that to zero credibility

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PostPosted: Thu Feb 27, 2020 3:45 pm 
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RR - you should know, anything positive in life is Trump's doing and anything bad isn't the President's fault.

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PostPosted: Thu Feb 27, 2020 3:53 pm 
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Hatchetman wrote:
RR - you should know, anything positive in life is Trump's doing and anything bad isn't the President's fault.


So we've been told.

Kool-Aid good!

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PostPosted: Thu Feb 27, 2020 3:54 pm 
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Down another 1000 unless there is a late afternoon rebound.


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PostPosted: Thu Feb 27, 2020 3:54 pm 
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truth is the President doesn't matter. Just like managers in baseball.

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PostPosted: Thu Feb 27, 2020 3:55 pm 
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Hatchetman wrote:
At some point triggers in the trading algorithms will go off and things will start cascading. Not sure how far we are from that.


I think we've past it. So much for that campaign plank. :eye: :oops:

And he's wiping out a chunk of the Obama recovery. Why, because Obama gets too much credit for it.

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Last edited by Regular Reader on Thu Feb 27, 2020 3:59 pm, edited 1 time in total.

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PostPosted: Thu Feb 27, 2020 3:58 pm 
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City of Fools wrote:
truth is the President doesn't matter. Just like managers in baseball.


Generally I agree, but trump owns the last two days. His stupid lies shake confidence. Maybe he should go back to India and reinforce his at our expense again.

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PostPosted: Thu Feb 27, 2020 4:06 pm 
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Regular Reader wrote:
City of Fools wrote:
truth is the President doesn't matter. Just like managers in baseball.


Generally I agree, but trump owns the last two days. His stupid lies shake confidence. Maybe he should go back to India and reinforce his at our expense again.

That's just silly. The stupid virus and it's mortality and infection rate shakes confidence.


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PostPosted: Thu Feb 27, 2020 4:08 pm 
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It’s great that a thread about the DOW need to me moved to the “Politics” section. SMH.


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PostPosted: Thu Feb 27, 2020 4:10 pm 
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Trump has really pissed off the virus.


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PostPosted: Thu Feb 27, 2020 4:15 pm 
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Heisenberg wrote:
It’s great that a thread about the DOW need to me moved to the “Politics” section. SMH.

Copy infringement yo!


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PostPosted: Thu Feb 27, 2020 4:19 pm 
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Nardi wrote:
Regular Reader wrote:
City of Fools wrote:
truth is the President doesn't matter. Just like managers in baseball.


Generally I agree, but trump owns the last two days. His stupid lies shake confidence. Maybe he should go back to India and reinforce his at our expense again.

That's just silly. The stupid virus and it's mortality and infection rate shakes confidence.
Confidence is only part of it - The larger problem is the very real issue surrounding trade, travel and other economic concerns. Apple can't make phones, airlines canceling flights, etc. This is negatively affecting any industry that does business with China.

Also, I'm not blaming Trump for this, but his first response during the recent presser was to blame Democrats for the stock market drop rather than the virus. That's just a really strange reaction when he is there to show leadership on the subject.

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PostPosted: Thu Feb 27, 2020 4:22 pm 
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The market tried Bob Babich's Cover-2 to stem the losses in the last hour.

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PostPosted: Thu Feb 27, 2020 4:26 pm 
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Zippy-The-Pinhead wrote:
Nardi wrote:
Regular Reader wrote:
City of Fools wrote:
truth is the President doesn't matter. Just like managers in baseball.


Generally I agree, but trump owns the last two days. His stupid lies shake confidence. Maybe he should go back to India and reinforce his at our expense again.

That's just silly. The stupid virus and it's mortality and infection rate shakes confidence.
Confidence is only part of it - The larger problem is the very real issue surrounding trade, travel and other economic concerns. Apple can't make phones, airlines canceling flights, etc. This is negatively affecting any industry that does business with China.

Also, I'm not blaming Trump for this, but his first response during the recent presser was to blame Democrats for the stock market drop rather than the virus. That's just a really strange reaction when he is there to show leadership on the subject.


Because he's always worried about himself. Not understanding that just pretending to be presidential helps him.

Where the fuck did that 1200 point decline come from?

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