Category: Uncategorized

The ends the day up more than 1,000 points.

Stocks ended Tuesday’s volatile trading sharply higher, with the Dow Jones Industrial Average recouping half of the prior session’s steep losses, as investors cheered news that the Trump administration was readying stimulus proposals to mitigate the impact of the coronavirus epidemic.

https://finance.yahoo.com/news/stock-market-news-live-updates-march-9-2020-221452310.html

The market fell so fast and so far the rarely (if ever) used CIRCUIT BREAKERS were tripped this morning. Due to Corona and OPEC we are witness to a bit of market history. If you are wondering what a “Circuit Breaker” is the article explains the process. Is it a good time to review your positions in the market. Last week would have been a better time, but yes, now is a good time.

The S&P 500 fell more than 7% Monday, triggering circuit breakers that temporarily helped halt a further plunge.

https://www.cnbc.com/2020/03/09/sp-500-futures-are-frozen-after-tanking-5percent-heres-what-happens-when-circuit-breakers-kick-in.html

DUBAI — Shares of Saudi state oil company Aramco slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading in December, after OPEC’s pact with Russia to restrict oil supplies fell apart. Read More

Aramco shares fall 9%; below IPO price for first time as OPEC pact unravels — Financial Post

Could crude reach under $35 a barrel?

• Oil prices are down 30% for the year as the new coronavirus, COVID-19, slashes global demand forecasts.
• With previously agreed OPEC+ production cuts expiring at the end of March, Saudi Arabia and Russia can theoretically pump as much crude as they want.
• International and U.S. oil benchmarks plummeted to multiyear lows on Friday, with Brent crude closing at $45.27, down more than 9%, and West Texas Intermediate down more than 10%.

https://www.cnbc.com/2020/03/08/opec-deal-collapse-sparks-price-war-20-oil-in-2020-is-coming.html

‘Circuit breaker’ is triggered to keep stocks from disaster. Here’s what happens

https://finance.yahoo.com/news/textbook-expensive-lawsuit-145816444.html

An interesting observation, don’t here of Whole Foods being forced out of the marketplace.

Should city governments dictate where you can shop for food? If your neighbors see a need for a store, and happily patronize it, should outsiders shut down that option?

https://fee.org/articles/let-them-eat-whole-foods-the-appalling-elitism-of-dollar-store-bans/?fbclid=IwAR1H_-jnvcv0dt6OxYLRCH8jEgvhDKkodZ9UfqOQc_Z5iA7Of7d7jltKCio

Oil breaks below $43, sinks 7% to multi-year low as OPEC reportedly fails to reach deal

Coronavirus fears drop Dow nearly 1,000 points

The Dow Jones Industrial Average slid by as many as 983 points, or 3.6 percent, one day after rallying 4.5 percent, or 1,173 points — the second-biggest point gain in its history. The S&P 500 and Nasdaq Composite tumbled 3.5 percent and 3.1 percent, respectively.

https://www.foxbusiness.com/markets/us-stocks-march-5-2020