Dow is Down 900+ points Today 2/24/2020

q6543

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The shanghai composite maybe recouping pre covid prices...

But its still over %50 off alltime highs.
They never recovered from 2008 and are still in a 12 year long bear market.
 

7998

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The shanghai composite maybe recouping pre covid prices...

But its still over %50 off alltime highs.
They never recovered from 2008 and are still in a 12 year long bear market.

Because China has dumped a crap load of money into it to shure it up
 

me32

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Evidently Elon is looking for $500 mill for his space program. Last I knew his $40 bill would would cover that. That’s right none of the money that’s funds his ideas or the loss of those funds are his....
Hes one of the biggest scammers of our time. He makes his dreams come true on other people's money. Pretty ingenious.
 

nxhappy

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the bear has arisen from hibernation. Adjust accordingly my gents.
 

ViciousJay

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meh, those ****s are overpaid as is.

also, trump announces no travel to Europe for 30 days and market responds with trading down 800 points after hours. Should be a good one tomorrow boys and girls!

It's funny I work for the one of the largest medical companies in the world and they said anyone who's traveled outside of the US in 48 days is not allowed on any company soil including the CEO and the rest of the C's.
 

FIVEHOE

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I'm seeing houses for sale that people are trying to get 50K over what they paid 12-18 months ago. I could go for a correction. :)

market correction =/= real estate correction.

It totally depends on where you live. Where I am, 200 people move here per day. It's simply supply < demand. Sellers are able to hike up the prices in good areas because that's where everyone wants to be.

If the market causes mass layoffs and unemployment raises then maybe markets might drop, but I wouldn't hold my breath too long.
 

Kevins89notch

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market correction =/= real estate correction.

It totally depends on where you live.

Central FL.

This is a copy/paste from elsewhere, which I would love to be true.

"I have a couple of associates here in Florida who have built up a little mini empire of Air Bnb properties. They are highly leveraged in such endeavors and their cash flow has just gone from positive to close to nil. We are talking dozens of houses and condos. I would estimate they each have less than three months before they have to start dumping properties to raise capital to pay the remaining mortgages. They are just the tip of the iceberg. I would expect to see a flood of new properties in areas where people are using Air Bnb to subsidises their current home or as a business like these folks are."

I've already seen some of these for sale while browsing. They are very easy to spot. The garage always has a pool table and ping pong/darts, the house has the furniture included, often bunk beds in at least 2 of the rooms, and you'll see very tourist friendly themes like a star wars bedroom (overly done) or a princess one.
 

Weather Man

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Market getting close to capitulation, getting that same unbearable vibe at the bottom in 2009.
 

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