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  • Crash! Crash! Crash!

    From Lee Lofaso@2:221/360 to All on Thu Mar 12 22:25:56 2020
    Hello Everybody,

    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 ...

    --Lee

    --
    Often Licked, Never Beaten

    --- MesNews/1.08.05.00-gb
    * Origin: nntp://rbb.fidonet.fi - Lake Ylo - Finland (2:221/360.0)