Dow Jones Futures Trading Halted and Oil Crashed to Under $30

Support the president and BUY BUY BUY this morning.

This is about oil and the upcoming war pitting Russia against Saudia Arabia.

If only we’d listened to President Carter and had broken OPEC and become energy independent.

I'm so excited for 9:30!

You are energy independant but the problem is that your oil cost more than the price it is being sold right now.

You will be selling oil at a loss and the oil company will go into huge debts (they already have big debts).

My popcorn is ready for the dow jones opening.

I hope they don't suspend the trading too soon.

Ponce de Leon wrote:

This is about oil and the upcoming war pitting Russia against Saudia Arabia.

If only we’d listened to President Carter and had broken OPEC and become energy independent.

If there were a pending Arabian-Russian Oil War, oil would be trading near $200 per barrel. Oil futures are pointing toward a global recession.

The shutting down of venues, travel modes, gathering places, large-accomodation market places, schools and entertainment places is huge in market implications--just for one thing.

Our anti-science, amateur-based government is about to wreck their own chances for re-election, and if this trend continues, the chaos they have facilitated before the virus is gonna get exponentially worse.

Buy online? Because the market places, malls, box stores are starting to look like giant Petri dishes of virus.

The presidents anti-science attitude and general amateur ignorance is only leading us to further chaos and fear.

Calivn Klein wrote:

My popcorn is ready for the dow jones opening.

I hope they don't suspend the trading too soon.

Anybody referencing popcorn in relation to this is obviously not very bright. What a moron.

Whats the diff? We're all gonna die.

I'm 26 years old, just now getting to the point where I have enough saved up that I can feel comfortable throwing a chunk of it into stocks and not needing it anytime soon. I feel like I should pull the trigger on it soon. Things are down what, roughly 10% in just a few weeks? Surely a year from now things will be back to normal, and this would be an easy 10% gain in less than a year.

On the 24 hour tv networks, Christine Romans & Poppy Harlow on CNN have talked about government bailout of U.S. equity markets and fiscal stimulus this morning. Stephanie Ruhle, MSNBC 1/2 an hour ago was talking about bailing out U.S. airlines this morning. All three of those ladies expressed doubt regarding Healthcare for All over the past six months. There is no way people of U.S. will support government bailouts as there were in 2008 & 2009. Back in 2008 & 2009, government (the people) bailed out banks and General Motors but the people suffered. Since W. Bush's last year in office, U.S. g.d.p. may have grown about 3.5% only one or two years. Most years since W. Bush's last year, (2 or 3)% annual g.d.p. growth. There was no logical reason for U.S. equities to grow at 12% during said period. There was going to be a crash. U.S. equities were growing at 12% while g.d.p. was growing at 2%. That spread was only going to last so long.

Here comes another one blaming Trump. Do your part and be better.

green screen Quotrons wrote:

. There was no logical reason for U.S. equities to grow at 12% during said period. There was going to be a crash. U.S. equities were growing at 12% while g.d.p. was growing at 2%. That spread was only going to last so long.

Correct. Profit growth has been lackluster and the manufacturing sector has been sliding. Money has piled into equities to ride the price boost of share buybacks and low interest rates. Once again, the Fed fails to identify a bubble.

What is really insane is that the Saudis are going to flood the markets with oil because Russia would not fall in line with OPEC's production cuts. MBS had to arrest his uncle and cousins to keep them from opposing his move against Russia. The Saudis are flush with cash from the Aramco IPO, but will face steep borrowing costs if they have to borrow money to run the government. Meanwhile, the energy majors are all in free fall. ExxonMobil's stock has halved. P & E is going to halt in the US and there will be massive layoff in the fracing fields. US unemployment could be back over 5% by the end of the year.

This is partially his fault. Dithering moron cannot act presidential for 60 seconds and read a prepared statement to calm fears over Covid-19. He acted like a bored schoolchild on a field trip during his visit to CDC and then took that time to talk about himself and trade deals rather that saying something like, "These are the best scientists in the world and they are working hard to minimize this threat.".

He looks incompetent, uncaring, and completely out of his depth. Monetary policy has done nothing to stem the jitters. The markets are reacting to this.

james is another one wrote:

Here comes another one blaming Trump. Do your part and be better.

This.

Portland Hobby Jogger wrote:

This is partially his fault. Dithering moron cannot act presidential for 60 seconds and read a prepared statement to calm fears over Covid-19. He acted like a bored schoolchild on a field trip during his visit to CDC and then took that time to talk about himself and trade deals rather that saying something like, "These are the best scientists in the world and they are working hard to minimize this threat.".

He looks incompetent, uncaring, and completely out of his depth. Monetary policy has done nothing to stem the jitters. The markets are reacting to this.

This, this, this.

Portland Hobby Jogger wrote:

This is partially his fault. Dithering moron cannot act presidential for 60 seconds and read a prepared statement to calm fears over Covid-19. He acted like a bored schoolchild on a field trip during his visit to CDC and then took that time to talk about himself and trade deals rather that saying something like, "These are the best scientists in the world and they are working hard to minimize this threat.".

He looks incompetent, uncaring, and completely out of his depth. Monetary policy has done nothing to stem the jitters. The markets are reacting to this.

Obviously, the virus is not his fault but he can be blamed for the confusing and incompetent communication. Imagine if Reagan were president. He would have gone on television and looked directly into the camera like he was speaking to each American personally in a calm and reassuring tone and explained what measures had been taken and what to expect in the coming days. Bill Clinton would have done the same.

Trump only seems capable of riling people up and taking credit for everything.

green screen Quotrons wrote:

Ponce de Leon wrote:

This is about oil and the upcoming war pitting Russia against Saudia Arabia.

If only we’d listened to President Carter and had broken OPEC and become energy independent.

If there were a pending Arabian-Russian Oil War, oil would be trading near $200 per barrel. Oil futures are pointing toward a global recession.