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dow recovered to negative 1000 but now down negative 2000 again. (Original Post) Demovictory9 Mar 2020 OP
No confidence in Trump or any of his cronies. C_U_L8R Mar 2020 #1
2:25 p.m. elleng Mar 2020 #2
Well 4887123 Mar 2020 #3
When it gets down to the Obama end point, I bet it stabilizes- dawg day Mar 2020 #4
I bet 4887123 Mar 2020 #6
There's no stabilization in sight Awsi Dooger Mar 2020 #8
Stocks are still OVER-valued after this decline.. at140 Mar 2020 #5
At 21,176.44 −2,376.78 (10.09%) as of 4 p.m. EDT TexasTowelie Mar 2020 #7
and dow futures down - so market may drop more tomorrow Demovictory9 Mar 2020 #9
 

4887123

(95 posts)
3. Well
Thu Mar 12, 2020, 02:30 PM
Mar 2020

Less than 2000 to go to wipe out all gains from what Obama left him. I bet when that happens he'll still claim it's a strong economy.

dawg day

(7,947 posts)
4. When it gets down to the Obama end point, I bet it stabilizes-
Thu Mar 12, 2020, 02:35 PM
Mar 2020

because the Obama economic growth was slow and steady and real, so that's the point where there's real value.

 

Awsi Dooger

(14,565 posts)
8. There's no stabilization in sight
Thu Mar 12, 2020, 04:05 PM
Mar 2020

Prior levels don't matter. Fundamentals don't apply. The only thing that can bump -- briefly -- is an oil agreement between Russia and Saudi Arabia

But then earning start to report in a few weeks and they are going to be brutal

at140

(6,110 posts)
5. Stocks are still OVER-valued after this decline..
Thu Mar 12, 2020, 02:36 PM
Mar 2020

P/E on Friday close was at 24 based on average inflation-adjusted earnings from the previous 10 years,
16 is where it should be based on history from 1880. Stocks can easily fall another 30%.

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