It is the Virus, but our countries poor response to it is what's causing the market to crash.
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- Thread starter SoapyCy
- Start date
It is the Virus, but our countries poor response to it is what's causing the market to crash.
That, and some serious underlying problems in the economy and financial system that have never been dealt with. The virus isn't so much causing as it is revealing, IMO.
What steps should this country have taken that would've kept the S&P500 at say, 3000?
All the second and third degree effects of everything will do that as well.
Hell, just picking an example: every bar across the nation is taking a bath this month as March Madness does a ton of business from them.
Massive economic damage seems unavoidable at this point. Its a question of degree.
And KOSDAQ is down almost 20% from its peak (peak - as in just before corona got crazy last month, not all time). So I ask again, what could we have done differently to prevent the current state of the market?
You know this is a bad take. And you know why it’s a bad take. #walkaway
One of those effects is in changing how people spend (or save) their money. People will be more cautious, which is natural.
totally disagree.. True Market was 10 years due for a correction (10%) or less over a month say.. but market tanking is 95% Virus related.. Nearly every single economic indicator going into this has been and was very strong. It’s called China shutting down and US closing travel and supplies of goods etc.. It’s not a housing crisis or bank crisis or credit crisis or some huge industry scam..
There's a reason that the Federal Reserve sprang into action twice this week, and took so long to ease off the easing, and it ain't because everything is rosy.
There’s a self appointed omniscient sect of people that think there is always a “bubble” now. There’s got to be a “bubble” when the economy is humming or the markets are performing well in their minds.
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LincolnWay187
Guest
If it makes you feel any better I bought this morning and still lost. This thing went way worse than I thought it would. Heads up boys, we will see a recovery eventually.
Is it the plastic balloons fault or the needles? Lots of this is due to underlying market functions like HFT trading, everyone fleeing managed funds to index investing (so virtually no one was short), and bond market REPO problems.
