NYC Markets Crashing & Oil Prices Down

[arista]

World Markets are
all Down.

https://news.sky.com/story/coronavirus-oil-prices-collapse-and-stocks-dive-as-panic-accelerates-11953475


Was to be expected

[arista]

One Product only is going up in Price
Gold

[The Slim Reaper]

M21 buying up all the gold.

[bots]

your money is safe invested in bog rolls :smug:

[Twosugars]

Aw, orange moron's reassurances haven't worked

[MB.]

I can't believe a global pandemic is spreading, the stock market is crashing, the world is ending and I might never get the chance to tell Calderyon that I'm in love with him

[Ammi]

I can't believe a global pandemic is spreading, the stock market is crashing, the world is ending and I might never get the chance to tell Calderyon that I'm in love with him

...:lovedup:...I can’t believe that we all had to stage a world end to get you to declare those feelings...

[arista]

Aw, orange moron's reassurances haven't worked



No one can stop the Killer Covid 19 Virus

[arista]

Russia Upped their Oil Drilling
so Saudi Arabia Followed


Thats the major problem.

[Crimson Dynamo]

who would have thought an invisible virus that is spread invisibly via the air person to person, honed over million of years of evolution would be so more-ish?

[arista]

https://ichef.bbci.co.uk/news/624/cpsprodpb/E42A/production/_111201485_daily-mirror-front-page.jpg

https://ichef.bbci.co.uk/news/624/cpsprodpb/5276/production/_111201112_ft-front.jpg

[arista]

https://ichef.bbci.co.uk/news/624/cpsprodpb/6EFA/production/_111201482_the-times-10-03-20-pg-1.jpg

[arista]

https://ichef.bbci.co.uk/news/624/cpsprodpb/13CD6/production/_111201118_guardian-front.jpg

[arista]

Again Today 15mins
delay to the NYC Markets to open.


All Markets Down
https://www.bbc.co.uk/news/business-51829852

EU very angry at the USA Travel Ban
they were not consulted
Blame Italy , I say.

[Cherie]

I had a peek at my ISA :omgno: it's tumbled, oh well :laugh: stupid people selling :fist: hang in there folks

[Twosugars]

Britain’s FTSE 100 has suffered its biggest one-day loss since October 1987, and its second worst day ever.

The escalating coronavirus crisis has triggered an absolute rout in the City again, and around Europe, as Donald Trump’s EU flight ban sparks alarm -- and fuels fears of a global recession.

Investors appear to be pricing in a serious pandemic, with quarantine measures and lockdowns in major cities leading to huge economic cost, and losing faith that policymakers can prevent it.
The Guardian coronavirus blog and business blog
https://www.theguardian.com/business/live/2020/mar/12/stock-markets-tumble-trump-europe-travel-ban-ecb-christine-lagarde-business-live

[The Slim Reaper]

I had a peek at my ISA :omgno: it's tumbled, oh well :laugh: stupid people selling :fist: hang in there folks

Get some betting tips off M21 and you'll make that back with interest in no time.

[user104658]

Thankfully money is imaginary so if it affects literally every nation, they can basically just reset the clock :shrug:

[arista]

Thankfully money is imaginary so if it affects literally every nation, they can basically just reset the clock :shrug:

If they still have a Job
and the Business is still afloat

[arista]

https://ichef.bbci.co.uk/news/624/cpsprodpb/02DE/production/_111243700_ft-front.jpg

https://ichef.bbci.co.uk/news/624/cpsprodpb/1626E/production/_111243709_the-times-13-03-20-pg-1.jpg

[arista]

3rd time Market Halted for 15 mins

Just opened
Every Market is Down

Covid 19 Killer - Is Winning
Except Gold - Going up.

[Braden]

I don't understand why gold is going up?

[Twosugars]

I don't understand why gold is going up?

Always happens in crisis.
Less volatile investment than almost anything else.

[The Slim Reaper]

I don't understand why gold is going up?

Lot's of Spandau Ballet fans in the world.

[arista]

I don't understand why gold is going up?

Its better than Weak Cash

Big Gold Coins
can be worth a a few Grand or more
Heavy Buggers

[bots]

I don't understand why gold is going up?

any time there is a stock market crisis, people sell their stock and buy gold. Gold is a tangible asset that will always be worth something

[arista]

Interest Rate Cut to 0.1%
Bank Of England

Friday Final NYSE
Monday it's Online only.


Worldwide assets are ditching the Pound
for the Dollar.

Bank Of England Quantitative Easing is being pumped
into the markets
But the Markets are sticking to the Dollar.



PAYE system needs to be changed

[arista]

1240797026188738560

[user104658]

1240797026188738560

You can't really go by standard measures at the moment; the relative values of currencies are going to be all over the place because this is global. e.g. the pound is currently down against USD but at some point the USD is going to fall off a cliff as well, increasing the relative value of the pound. As for the Euro, who knows? An interesting test for the single currency I suppose, as to whether or not it's able to stay more stable due to being used all across Europe. Could theoretically be the opposite of course if one of the major contributing countries hits a wall (as it'll take other less affected countries with it).

[arista]

Yes Mega Cash also pumped into the €uro.
As Italy and Greece are in a terrible Financial state

[user104658]

Yes Mega Cash also pumped into the €uro.
As Italy and Greece are in a terrible Financial state

Greece is inconsequential, Italy is a hit but shouldn't rock the boat too much. If Germany and France hit the skids the whole EU is in major trouble, they'll take every smaller EU nation with them.

[arista]

Greece is inconsequential, Italy is a hit but shouldn't rock the boat too much. If Germany and France hit the skids the whole EU is in major trouble, they'll take every smaller EU nation with them.


Yes Macron doing his best to stop that

[arista]

The Final NYSE opened with 4 Doctors today

From Monday that building is closed
as it all goes online.


Oil is still falling
30 bucks a barrel is cheap

[arista]

The Temp NYC Stock Exchange Online Only
just opened.

Down a bit.

[arista]

The Online Only
NYSE opened up a few points
based on the $2Trillion support deal getting passed
a boost for today Only


The USA CEO of Burger King International , Popeyes (Jose Cil)
he applauds Washington on this.
He is giving away 200,000 School meals free
via the app.

[arista]

Crude Oil Barrel now at mega low price of $20

Its about time our Petrol Stations
lowered the price , again.

[user104658]

We filled the tank 10 days ago @ £1.18/litre (Diesel. Yes we are filfy pigs!) and yesterday when we went to Tesco it had tanked to £1.03. Could have saved a few £ :fist:. We still have basically a full tank though, saving a good £50/week on fuel at the moment anyway.

[Twosugars]

Yes Mega Cash also pumped into the €uro.
As Italy and Greece are in a terrible Financial state

As they were before

[user104658]

The timing of Brexit in terms of this is so bizarre that it feels like a pre-written plot sometimes.

Britain will find it harder to stabilise in the aftermath without the weight of the EU. At the same time, the EU has lost one of its core 4 contributors without the UK and Italy is probably going to tank badly, leaving Germany and France to prop up the entire EU. I don't know if that's sustainable. There's probably going to be a complete global economic shift in the wake of Covid.

Frustrating thing is we will now NEVER really know the economic impact of Brexit. It will be impossible to tell.

[bots]

The timing of Brexit in terms of this is so bizarre that it feels like a pre-written plot sometimes.

Britain will find it harder to stabilise in the aftermath without the weight of the EU. At the same time, the EU has lost one of its core 4 contributors without the UK and Italy is probably going to tank badly, leaving Germany and France to prop up the entire EU. I don't know if that's sustainable. There's probably going to be a complete global economic shift in the wake of Covid.

Frustrating thing is we will now NEVER really know the economic impact of Brexit. It will be impossible to tell.

the terms of trade will now be completely different too, with everybody needing to trade like never before to get their economies going. It wouldn't surprise me if standards are suspended for a while as well. Cheap old **** will be the order of the day

[user104658]

Cheap old **** will be the order of the day

To be fair, cheap brand new **** has been the order of the day for the last decade.

[arista]

https://ichef.bbci.co.uk/news/624/cpsprodpb/A7F5/production/_111479924_ftfront.jpg

[arista]

https://ichef.bbci.co.uk/news/624/cpsprodpb/7175/production/_111754092_ft11.4.jpg

[arista]

The Oil Crude has crashed
below Zero


Ch4HD news reports.


https://news.sky.com/story/us-oil-price-plunges-below-zero-for-first-time-in-history-11976165

[arista]

https://ichef.bbci.co.uk/news/660/cpsprodpb/17C56/production/_111866379_ft.jpg

[bots]

all those that bought oil futures are frantically trying to get rid of it before they have to pay storage costs

[Crimson Dynamo]

I have binned 2 cans of wd40

:worry:

[arista]

WTI Crude Oil
$16,99

Brent Crude Oil
$21.59

Todays Oil Prices slight rise
but there is still a massive lack of demand.

Ref:CNN HD Business