(03-16-2020 01:27 AM)banker Wrote:  I'm about to the capitulation point with the market. Regardless of your personal belief on the severity of the virus, all of these steps being taken are going to absolutely kill earnings across several industry segments. We already figure hotels, restaurants, and other discretionary stuff was screwed, but this level of rate cuts will kill banking profits. Also, people will sit on their wallets till this is under control as will businesses.

Yep..My father was in banking and left me a decent number of shares of BB&T/ Truist. It was doing well until this mess. I don't even want to look at the figures now. I almost dumped 1/2 of them in December to diversified more. Oh well. I was going to pass this on to my daughter anyway. Plenty of time to still make her some bank.

(03-16-2020 05:41 PM)THE NC Herd Fan Wrote:  Sadly, I think the market bottoms out at 18,000+/- by week's end then stays in that range till this panic is over mid summer.

Not a bad guess. Hopefully as we have seen in the past the rebound will be profitable for those of us that don't panic. Im sitting on a bit of cash to invest at the bottom..whatever that is.