OT - Dow plunges 1,175 - worst point decline in history

[Burnette]

Originally Posted by oldguy00

Made out like a bandit today on energy and bank holdings I had loaded up on a month ago (Suncor, etc).

Through all of these past couple months, there have been some painfully obvious deals on the market for those that had money to invest.

So true. I'm a long hold indexer but wished I had done a few things here. We knew it was coming back and some stuff got cheap. Congrats btw!

[jtbadge]

State governors cynically forcing businesses to open so that the working class loses their unemployment benefits is not economic improvement.

[Mr. Pink]

Originally Posted by jtbadge

State governors cynically forcing businesses to open so that the working class loses their unemployment benefits and lives is not economic improvement.

Fify

[Ken Robb]

I think this series should be euthanized. The title is way out of date and no one should have to wade through posts that are months old to see what our esteemed members are thinking today.

[BobbyJones]

Originally Posted by Ken Robb

I think this series should be euthanized. The title is way out of date and no one should have to wade through posts that are months old to see what our esteemed members are thinking today.

Disagree.

You know why it keeps coming back up to the top? Because people are participating, interested and keeping it alive.

Use page links to go back as far as one chooses is relevant.

Or

Don’t look / participate if it’s no longer for you.

[mtechnica]

The longer the thread the better I’m so sick and tired of locking crap for no reason just because someone gets the genius idea to end the thread.

[oldpotatoe]

Originally Posted by texbike

Am I wrong to be suspicious of anything put out by the current administration including the unemployment numbers? We ARE in an election year, polling numbers are down for the incumbent, the economy is hurting, AND the Department of Labor/BLS leader was installed by the Prez and is a former Special Assistant to the AG William Barr. The unemployment numbers all of a sudden went in a strangely different direction than everyone expected. Is it possible that there's been a bit of manipulation at play here if not outright deceit?

Texbike

Ya think?? Complete with a rose garden, rambling 'press conference'.

[Tony T]

Originally Posted by Ken Robb

I think this series should be euthanized. The title is way out of date and no one should have to wade through posts that are months old to see what our esteemed members are thinking today.

Not way out of date, only 3 months ago the DOW had the "worst point decline in history"

(…and no need to always wade through months old posts again, start with the last post and work backwards)

[C40_guy]

Looks like the real unemployment numbers may be 3 points higher than stated earlier this week...

Washington Post Update

[jm714]

Originally Posted by C40_guy

Looks like the real unemployment numbers may be 3 points higher than stated earlier this week...

Washington Post Update

“Some took this as a sign that President Trump or one of his staffers may have tinkered with the data to make it look better, especially since most forecasters predicted the unemployment rate would be close to 20 percent in May, up from 14.7 percent in April. But economists and former BLS leaders from across the political spectrum strongly dismissed that idea.
“You can 100% discount the possibility that Trump got to the BLS. Not 98% discount, not 99.9% discount, but 100% discount,” tweeted Jason Furman, the former top economist for former president Barack Obama. “BLS has 2,400 career staff of enormous integrity and one political appointee with no scope to change this number.”

[C40_guy]

So he got to them.

[echappist]

Opps. deleted. Realized the wapo article above is different from the one I read yesterday (where they pointed out the participation rate)

[makoti]

Originally Posted by Ken Robb

I think this series should be euthanized. The title is way out of date and no one should have to wade through posts that are months old to see what our esteemed members are thinking today.

Who starts at the beginning?

[verticaldoug]

Originally Posted by Tony T

Not way out of date, only 3 months ago the DOW had the "worst point decline in history"

(…and no need to always wade through months old posts again, start with the last post and work backwards)

We should keep it. Generally, the market humbles everyone eventually. I know I have been an imbecile more than once.

It's a good record. My experience has been memories lie to us otherwise by compressing timelines and making remembered seem more insightful.

[mg2ride]

Originally Posted by Ken Robb

I think this series should be euthanized. The title is way out of date and no one should have to wade through posts that are months old to see what our esteemed members are thinking today.

Linear Mode is your friend!