From Lee Lofaso@2:221/360 to All on Thursday, March 12, 2020 22:27:56
Repent! Repent! The end is nigh!
Biggest point drop in history!
Dow drops 2352 points!
Largest loss since 1987!
Stock market crashes again! And again! And again!
Nobody can stop the bleeding! Not even the Fed!
Which tried to feed it a trillion to keep it going!
The crash that will not quit crashing! It is 1929
all over again! Where is FDR when you need him?
Dow plunges another 2200+, Fed feeds it a trillion,
then down only 1800 for the day - which isn't quite
over yet. Update - finally over, crashing at -2352.
The bleeding just will not stop. I fully expect
the market to continue crashing until it is at least
30% lower than what it was before. And that is if
investors are lucky.
Gold is down. Oil is down. Everything else is down.
The world really is coming to an end.
Might as well cash out your 401(k) while it is
still worth a little bit to retire on ...
Often Licked, Never Beaten
* Origin: nntp://rbb.fidonet.fi - Lake Ylo - Finland (2:221/360.0)