marine2
963 posts
msg #151181
- Ignore marine2 |
3/12/2020 1:56:24 PM
Once the NYSE Chairman and the other exchanges realize when their services are falling off the cliff they should be ordered to stop the market for at least a few days to freeze it. With all the panic going around it would be prudent they do this. If they don’t do it on their own then the President needs to order them to freeze it. Yes, they have stopped their activities briefly in these critical days of uncertainty but it MUST be longer than that. Stop the insanity!
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scvidar
87 posts
msg #151187
- Ignore scvidar |
3/12/2020 5:24:36 PM
I just get tired of Government lying about ever economic number going on since 1987 I know of, along with Central Bankers playing fast and furious with funny money. This isn’t free markets, it is crony capitalism for the rich. Let bad banks and companies go under and let the markets wash out the excesses of bad debt and bad decisions. But heck I have only been doing this for 50 adult years so what do I know.
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marine2
963 posts
msg #151192
- Ignore marine2 |
3/12/2020 11:47:45 PM
I see the NYSE Chairman once again let the market drop even further into the abyss. Why? I have this feeling he’s shorting the market big time in his personal investments so he wants the market to crash. Someone should look into why there aren’t safety stops in preventing millions upon millions of dollars being washed away without any safeguards in place.
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marine2
963 posts
msg #151298
- Ignore marine2 |
3/19/2020 3:11:20 PM
3/19/2020 3:05:32 AM
Just saying, our exchanges need a better safety mechanism than the current method they’re using now. If the news is of catastrophic news then something must be done instead of watching trillions of dollars evaporate. Granted the short investors that are good at their game make out like bandits while the rest of the country and in this case the world sits there in shambles. Perhaps force all companies once the market falls over 7% (for example) they must buy back so many shares of their own stock? Obviously, each company would have to have a safety reserve fund to reach into each time the market dives like that. Perhaps, the government could help each company fill their safety reserves with money that normally be used for Federal taxes the government would tax them? Bottom line is, find ways to slow or stop the sudden stock price declines. It’s always the same statement Investment brokers give to their clients when the market drops like a rock, do not sell your equities, sit tight and let the fear subside. Meanwhile, that client continues to see his nest egg bleed out. Human’s can only take so much damage to their life’s savings before they liquidate their equity positions. Fear and Exuberance drives the markets and especially with fear there must be better ways to calm the markets than what’s currently being used.
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scvidar
87 posts
msg #151303
- Ignore scvidar |
3/19/2020 5:07:28 PM
Sorry, I respectfully disagree. The Government and the Bankers created this mess and now we expect them to correct the problem they created. I believe Einstein's definition of this as insanity.
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I leave you with a link to the greatest investor of our time, Jimmy Rogers. I would trust anything he says.
https://www.rt.com/business/483312-rogers-coronavirus-worst-financial-crisis/
When everything is finally washed out ALL paper will return to it's intrinsic value, zero, IMHO.
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karennma
8,057 posts
msg #151307
- Ignore karennma
modified |
3/19/2020 9:09:32 PM
deleted ...
angry rant.
I'll be kind and just say this ...
Black swan events happen ...
You've got to know AHEAD OF TIME when to get off the train before you get crushed.
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karennma
8,057 posts
msg #151308
- Ignore karennma |
3/19/2020 9:27:48 PM
Everything's gonna be fine ... just google the news ... specifically, "$1.5 trillion" ...
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