It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

DOW Opens Down Over 1800 Points Today

page: 1
17
<<   2  3  4 >>

log in

join
share:

posted on Mar, 9 2020 @ 08:46 AM
link   
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...

edit on 9-3-2020 by IAMTAT because: (no reason given)

edit on 9-3-2020 by IAMTAT because: (no reason given)




posted on Mar, 9 2020 @ 08:48 AM
link   
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.




edit on 9-3-2020 by AugustusMasonicus because: networkdude has no beer because a sasquatch stole it



posted on Mar, 9 2020 @ 08:49 AM
link   
The Saudis are apparently pissed, huh?



posted on Mar, 9 2020 @ 08:49 AM
link   
Trading was, or has been halted, not sure if it has started back up yet.



posted on Mar, 9 2020 @ 08:50 AM
link   
a record loss I think...
dang what a world

a reply to: IAMTAT



posted on Mar, 9 2020 @ 08:51 AM
link   
This is very bad news.

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



posted on Mar, 9 2020 @ 08:53 AM
link   
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??



posted on Mar, 9 2020 @ 08:55 AM
link   
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?



posted on Mar, 9 2020 @ 08:59 AM
link   

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.



posted on Mar, 9 2020 @ 09:03 AM
link   
a reply to: IAMTAT

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



posted on Mar, 9 2020 @ 09:04 AM
link   
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.




posted on Mar, 9 2020 @ 09:05 AM
link   
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.



posted on Mar, 9 2020 @ 09:05 AM
link   
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.



posted on Mar, 9 2020 @ 09:06 AM
link   

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.



posted on Mar, 9 2020 @ 09:06 AM
link   

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!




posted on Mar, 9 2020 @ 09:09 AM
link   
a reply to: ketsuko

Drilling for shale is not profitable below 45 a barrel.

Jaden



posted on Mar, 9 2020 @ 09:10 AM
link   
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?



posted on Mar, 9 2020 @ 09:10 AM
link   

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.



posted on Mar, 9 2020 @ 09:11 AM
link   
a reply to: AugustusMasonicus

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

edit on 9-3-2020 by ketsuko because: (no reason given)



posted on Mar, 9 2020 @ 09:11 AM
link   
Backing up towards -1400's now.



new topics

top topics



 
17
<<   2  3  4 >>

log in

join