Originally posted by SASKFARMER
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A Game-Changing Crash . . . .
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According to a disease expert from Harvard the US is way behind on testing for the corona virus. In all likely hood they already have lots of cases but don't know because they are not testing enough for it.
But according to Trump the virus is proabably not affecting the US.
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VIX volatility index is exploding this week . . . now approaching levels not seen since the Lehman Bros collapse in 2008. Complacent investors have left the market . . . .
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In farm related news, the local rags here had land for rent ads in them here in central AB. You will have to go back many years for the last time that happened in this area. Landlords have to treat their still paying tenants very good this spring. Memo to FCC: land prices ain't going up no more.Originally posted by bucket View PostFuel prices haven't moved nor have any inputs to the farm...
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Dow Jones was up 28.9% in 2019 and the TSX was only up 19% in 2019, so no doubt the Dow had further to come back down.Originally posted by dmlfarmer View PostLets put some actual numbers to Saskfarmer's claims. The Dow is down 12.9% since its all time high on Feb 17th. The TSX is off about 6.7% since its all time high on Feb 2oth. Keep drinking the koolaid Saskfarmer!
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They do when capital is fleeing the economic quagmire that is rest of the world right now, and trying to buy anything denominated in USD to avoid being wiped out in their own currency due to inflation, taxes, or outright confiscation. The world is bigger than just your own backyard.Originally posted by agstar77 View PostWe can look back now and see the U.S. stock market was a bubble. Apple almost doubled in a year. Major stocks just don't do that.
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The US stock market was way overvalued. Many stocks had share values that weren’t grounded in actual values of the companies.
When the only reason people invest in a stock is because it keeps going up you know that it is a house of cards.
Just like 2008 2009 we will have to ride this out.
The US will suffer as well. Every economy is integrated so if the rest of the world is a quagmire the US will be in trouble.Last edited by chuckChuck; Feb 28, 2020, 09:36.
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When Trump beat Clinton for the presidency the Dow was under 18,000. CNN and Lefties told us the Dow would be destroyed.Originally posted by Hamloc View PostDow Jones was up 28.9% in 2019 and the TSX was only up 19% in 2019, so no doubt the Dow had further to come back down.
For 2020 the top Democrat contender is Bernie Sanders who is a socialist.
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