STOCK MARKET WATCH-- Circuit Breaker Targets -- Thursday, Mar. 12-- Reaction day.. 21,200.81 -2352.41 -9.99%

Black Thursday (2020)


Black Thursday[1][2][3] was a global stock market crash on March 12, 2020. Global stock markets suffered from the greatest single-day fall since the 1987 stock market crash.[4] Following Black Monday three days earlier, Black Thursday was attributed to the 2019-20 coronavirus pandemic and investor concerns after US president Donald Trump imposed a 30-day travel ban against the Schengen Area.[5]

On March 9, 2009, the stock market hit its lowest close during the Great Recession.[6] Since then, the US stock market was a bull market and held an 11-year streak despite serious economic challenges such as the China–United States trade war, the European debt crisis, Brexit, and price of oil conflicts.[7] The stock market became extremely volatile starting on Monday, February 24, 2020, when the Dow Jones Industrial Average and FTSE 100 dropped more than 3% as the coronavirus pandemic spread worsened substantially outside China over the weekend.[8][9]

On March 9, 2020, known as "Black Monday", global stock markets suffered from the greatest fall since 2008, during the Great Recession.[10] The crash was caused by a combination of the coronavirus pandemic and the Russia–Saudi Arabia oil price war.[11][12] In the United States, a circuit breaker was triggered after stocks dropped sharply, halting trade for fifteen minutes.[13] This was the second time that the 7%-drop circuit breaker was triggered since being implemented in 2013 (the first time this occurred happened just a few days before, on March 9th)[5]

On March 11, 2020, the Dow Jones Industrial Average entered a bear market (i.e. 20% drop from the most recent peak) after an 11-year bull market run.[14] On March 12, 2020, US president Donald Trump announced a temporary 30-day travel ban against Europe in response to the coronavirus pandemic.[15] The details of the travel ban were later clarified; the ban affects people who are not US citizens who in the past two weeks visited the 26-member Schengen Area.[15] The travel ban notably excludes the United Kingdom, Croatia, Cyprus, Ireland, Turkey and Ukraine.[15] Trump did not consult the European Union before imposing the travel ban.[15] Carmen Reinicke of Business Insider wrote that Trump's address to the nation "failed to calm investors' concerns about the economic fallout from the coronavirus outbreak."[16]

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Friday could be a 3 breaker day

most are going to be out before the weekend


bad bad bad bad

+ Covid 19,possible lockdowns,martial law etc....

Nikkei futures -9%

[link to www.investing.com (secure)]

EDIT: altho I'm not sure when asia premarket trading occurs... do they run futures 24hrs?

Last Edited by SteamrolledGobias on 03/12/2020 05:01 PM

Welcome to Trumps America

I don't know, I think it will take banks failing for that to happen (assuming they are not already). I am more worried about Monday.

Then again, if you had told me that the day after a presidential pep rally speech and the day of a 1.5 trillion dollar Fed repo injection we would still drop 2000+ points, I would not have believed you. We are definitely in uncharted waters here.

Big beautiful crash. Nice job. We have best crashes in world. Make america great again.

Not looking pretty, although keep in mind the Nikkei tends to be a chaotic mess even in the best of times.

When are they going to do a currency devaluation tax free offset and prop up depositors money in bank accounts? 5 to 10 k per account should work.

The liberals would love trump after that and election will be a shoe in.

Even a 5% per 100 dollars in the bank would work.

Last Edited by messagehalted on 03/12/2020 05:09 PM

Horse shit. His supporter love him because Trump loves America and every other choice for President is either an out right communist or a progressive globalist corporatist which is pretty much the same thing. Since neither one likes white people. Especially white Christian Americans.

What about you? You virtue signal for trigger points?

Hoe the fuck China pumping trillions into the repo market bro? Lol.

Orange God took all the credit for the never ending record highs.

Yes I went to look at Hang Seng instead but no after hours trading beyond 3AM HK time.

Hang Seng opens 9AM local time which is about 9PM EST

Excited to wake up tomorrow and check the carnage

999 = 666 upside down

The stock market crash of 1929 was a four-day collapse of stock prices that began on Oct. 24, 1929. By Oct. 29, 1920, the Dow Jones Industrial Average had dropped 22% in the worst decline in U.S. history.
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I know we had lost 20% as of yesterday. What is it now?

Last Edited by WhiteAngel on 03/12/2020 05:11 PM

as of now we are in crash and burn mode. I cant see past all the smoke.

Just If The Fed just had more room to buffer the markets with lowering interest rates.

one too to many trips to the candy store

Then it's going to fall off the cliff and smash to pieces!!! That happens next week...

no way this is "Crash and Burn". this is still just the run-up.

Anyone with true finance knowledge have any tips for the average Joe in this situation - his income, his savings, his cash stash, his property (house, etc.)/mortgage, his debts?

On a side note, once this clears up there is going to be so many great investment opportunities in the market. This bubble was clearly inflated and thanks to this virus scare it will be not just deflated but inverted Weinstein’s penis. The bounce back will be like duplicating your money in real time. Those of you who live paycheck to paycheck, maybe next time I guess?

If you ask them, they never have an answer on what should be done. Pedo Joe has called travel restrictions racist and xenophobic. Warner has a plan that brings in even more people and some stupid climate stuff.

[link to ichef.bbci.co.uk (secure)]

Trust the plan

They could all invest, but they want the gubmint to coddle them like toddlers.

Wrong. Like I've been saying for how many years now, Trumps number one love is himself and his ego. It was all a con job that he cared about America and you 'Patriots '.