Dow futures signal stock market could go over the cliff tomorrow. DOW future down almost 800

[Demovictory9]

Pre-Market Trading
See After-Hours TradingData as of 5:16pm ET
Wednesday’s Close:
Dow-1,464.94

23,553.22-5.86%Nasdaq-392.202

7,952.05-4.70%S&P-140.85

2,741.38-4.89%
U.S. Stock Futures
S&P -82.25 / -3.00%
Level 2,658.00
Fair Value 2,739.79
Difference -81.79
Data as of 9:35pm ET
Nasdaq -243.25 / -3.04%
Level 7,760.25
Fair Value 8,004.60
Difference -244.35
Data as of 9:35pm ET
Dow -771.00 / -3.27%
Level 22,804.00
Data as of 9:35pm ET
Futures based on March 2020 contract.Fair value provided by IndexArb.com

[msongs]

1. almost put $$ in the market and investments a few months ago. glad I did not nt

[Demovictory9]

2. good time to go in now

[Bernardo de La Paz]

3. Don't try to catch a falling knife. . . . nt

[Demovictory9]

5. yikes.

[Ilsa]

15. I'm stealing that. Thanks! nt

[Bernardo de La Paz]

18. It's an old aphorism around markets. Lot of truth in it. . . . nt

[msongs]

4. one suspects the downfall has just begun nt

[customerserviceguy]

7. Good time to get out

before anyone loses it all.

[HarlanPepper]

13. Not yet

There will come a time but we’re a long way out.

[Jarqui]

6. My sister who follows this quite closely

said a bunch of the dip came after Trump's address

Her initial reaction was the markets were not impressed or comforted - which struck me as his primary purpose behind his address - as he seems to care a lot more about the economy than the people because in his view, his future electability depends more on the economy than the well being of Americans.

EDIT:

looks like someone already got this
https://www.democraticunderground.com/10142445754

[Demovictory9]

8. yep. and the DOW futures has been signally about 50% of the DOW change

If it remains down 800 it could be a negative 1600 opening tomorrow which is freefall territory.

[Jarqui]

11. 1000 now

https://www.cnbc.com/2020/03/11/futures-are-steady-wednesday-night-after-dow-closes-in-bear-market-traders-await-trump.html

Trump's flirting with breaking his record Dow Jones points drop.

[Demovictory9]

12. yep

[uponit7771]

17. +1,

[PubliusEnigma]

9. Trump stressed that this is "not an Economic Crisis"

and he did more than anyone to prevent it.

[Bernardo de La Paz]

20. He owns it. Demolishing markets and deadly clueless bully-tweet approach to health measures. . . .nt

[krispos42]

14. I just moved what little I have in my 401(k) into a low-risk fund...

...and changed my payroll allocation to match. Did the same with my kid's 529 plan a couple of days ago.

I'm waiting for Dolt45 to proclaim "Dow passes 24k!", without mentioning which direction it's going.

[uponit7771]

19. ..👍🏼, same. We should have alerts for this

[Ilsa]

16. Oil has dropped again. Now $31/barrel.

US producers lose money at that level.

Trump sucks.

[Wounded Bear]

21. I heard someone say last week that the market was overvalued by 30%...

Don't think it's fallen quite that far yer.

It'll get under 20k before it stops.