General Discussion
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The shit is about to hit the fan when the stock market opens tomorrow. It's going to be a nightmare. I suspect the Stock Exchange will close by noon.
I hope I'm wrong but just keep your eyes open and pay attention.
LogDog75
(1,246 posts)As I tell people, the stock market is like the tide. The tide comes in and the tide goes out. The stock market goes up and the stock market goes down.
It also depends on you investment timeline. If you're a short-term investor then the decline in the stock market is worrisome.
If you're a long-term investor then watch the market but remember that you'll ride the downturn out and the market will recover set new highs.
Skittles
(171,088 posts)but having a US president helping Israel start WWIII while the entire GOP lines up to suck him off really, REALLY doesn't help
artemisia1
(1,784 posts)disrupted by a major war that has effectively terminated most LNG shipments to Europe, raised the oil price by 20 percent in one day (March 8), closed trade arteries that deliver more than just oil, and when that war only shows signs of escalation and widening.
markodochartaigh
(5,426 posts)since the Great Depression in 1929 the US has had an unparalleled expansion. After WWII the US was the only industrial economy still standing. The US had the reserve currency. The US benefited from the tail end of the Industrial Revolution. Then came the materials, medical, agricultural, computer, electronics, and weapons revolutions, each of which benefited the US disproportionately. And the US was able to successfully decouple the dollar from gold and silver, although it is still a metal backed currency, now lead and uranium. And companies have been allowed to buy back stock to support their stock price so their c-suite can get paid in stock which appreciates.
It's no wonder the US, and the stock market, rose so incredibly. This was a once in a civilization opportunity.
On the other hand, if Trump succeeds in continuing to destroy the value of the dollar, the Dow may hit 250,000 in dollar terms. And gold $25,000 an ounce, and tomatoes $25 a pound.
artemisia1
(1,784 posts)WTI Crude: ~$112.59 - $115.81 per barrel
Brent Crude: ~$115.03 - $116.61 per barrel
Market Impact: Oil prices experienced a sharp rise of over 20% in one day, driven by the closing of the Strait of Hormuz and production cuts in the region.