DOW Opens Down Over 1800 Points Today

Looks like a rough one today.
Big sell off, as Negative 7% circuit breaker halt was just initiated minutes into selling.
15 min. halt ending now and selling is about to resume.

Neg 13% circuit breaker may be tripping very soon.

Looks like a perfect storm today with Oil markets collapsing and CV.

Stay tuned.

Dow plunges more than 1,800 points at opening bell as virus, oil worries weigh on stocks

www.marketwatch.com...

a reply to: IAMTAT

S&P trading just halted for 15 minutes due to built in breakers.

Good thing I use the Winthorpe and Valentine method of trading, gonna make bank.

The Saudis are apparently pissed, huh?

Trading was, or has been halted, not sure if it has started back up yet.

a record loss I think...
dang what a world

a reply to: IAMTAT

This is very bad news.

The construction industry will be devastated in the near future if this doesnt turn around.

a reply to: GBP/JPY

Dont worry, the plunge protection team will have in record gains territory in no time. After all, how many billions did trump just get to protect us from carona??

a reply to: IAMTAT

If it goes down 20% will halt trading for the rest of the day, wild stuff.

OPEC potentially collapsing I hear?

originally posted by: FamCore
a reply to: IAMTAT

If it goes down 20% will halt trading for the rest of the day, wild stuff.

OPEC potentially collapsing I hear?

Something about the Russians and Saudis having a tiff over oil, but that spills over into our own production since the Saudi attempt to bring Russia back into line hurts our shale industries.

a reply to: IAMTAT

I plan on buying more now, just saying. . . .

Pulled out 5 weeks ago will wait it out. Lots of people going to make some serious money and gas is going to drop[ like a rock in time for summer. The virus is just a here today gone tomorrow thing the Dims will be pushing hard on this.

a reply to: DBCowboy

Same. The long term plan will see solid gains from everyone's panic.

I also have the frozen orange juice report if you're interested.

a reply to: ketsuko

This effects Putin and SA worse than US.
For some reason OPEC decided to commit suicide this weekend.

There's definitely something going on politically, behind the scenes between Russia and SA.

originally posted by: mikell
Pulled out 5 weeks ago will wait it out. Lots of people going to make some serious money and gas is going to drop[ like a rock in time for summer. The virus is just a here today gone tomorrow thing the Dims will be pushing hard on this.

In the short-term, the cheap gas may help bring some of the supply chain back to our own soil out of China. One of the costs of production is fuel costs and transport costs. Those have to be factored in to manufacturing. Between the reductions in regulatory that have happened over the last three years and now a sudden burst in cheap fuel, it may be looking better and better for some manufacturers to try starting up here in the short-term.

originally posted by: AugustusMasonicus
a reply to: DBCowboy

Same. The long term plan will see solid gains from everyone's panic.

I also have the frozen orange juice report if you're interested.

It's beef jerky time!

a reply to: ketsuko

Drilling for shale is not profitable below 45 a barrel.

Jaden

a reply to: IAMTAT

Russia has been maneuvering to try to control gas to Europe for a long time. They more or less own Ukraine under the table, and at one point, they were working through Iran and Syria to try to run a pipeline through the Middle East and control that route.

This may be a play on their part to try to strengthen their grip. What resistance can Europe really offer if Russia can shut them off?

originally posted by: ketsuko
In the short-term, the cheap gas may help bring some of the supply chain back to our own soil out of China. One of the costs of production is fuel costs and transport costs.

If it goes down here it's going down there. Fuel is a global commodity.


The main factor on why many goods are sill made in China is low labor costs. That isn't changing any time soon.

a reply to: AugustusMasonicus

Right now, it's no labor costs. No one is working.

Backing up towards -1400's now.