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Old 03-02-2020, 05:00 AM
 
3,637 posts, read 1,701,497 times
Reputation: 5465

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Quote:
Originally Posted by MAGAalot View Post
That's why stocks are rising-
"Coronavirus defies travel curbs; markets stage cautious recovery....
https://www.washingtonpost.com/world...-live-updates/
If you have ever followed the stock market, it is constantly going up and down. After this latest dip it had to rise again. But that doesn't negate the fact that every time it rises a little, Trump supporters rave and rave about how great Trump is, but when it drops, crickets.

 
Old 03-02-2020, 06:46 AM
 
6,829 posts, read 2,120,679 times
Reputation: 2591
Quote:
Originally Posted by WMak70 View Post
If you have ever followed the stock market, it is constantly going up and down. After this latest dip it had to rise again. But that doesn't negate the fact that every time it rises a little, Trump supporters rave and rave about how great Trump is, but when it drops, crickets.
This is a dead cat bounce. If it doesn't sell off by end of business today then it will tomorrow. Though futures point to a depressed opening.
 
Old 03-02-2020, 07:10 AM
 
Location: New Jersey
16,912 posts, read 10,604,576 times
Reputation: 16439
Futures looking up!! It will be hard for even a new virus to keep Trump’s economy down!
 
Old 03-02-2020, 08:04 AM
 
20,955 posts, read 8,692,373 times
Reputation: 14051
Radio just said it right "We already had a weakened global economy due to trade wars"........I couldn't have said it better.

Now we have zero growth in the US forecast. Anyone want to lay wagers on the fact that China WILL grow in 2020?
 
Old 03-02-2020, 08:05 AM
 
20,955 posts, read 8,692,373 times
Reputation: 14051
Quote:
Originally Posted by GoldenPineTree View Post
This is a dead cat bounce. If it doesn't sell off by end of business today then it will tomorrow. Though futures point to a depressed opening.
Not much of a bounce. Most stocks I see are even or down. Only certain ones and the index are up a tiny amount compared to the down turn.
 
Old 03-02-2020, 08:08 AM
 
20,955 posts, read 8,692,373 times
Reputation: 14051
Quote:
Originally Posted by MJJersey View Post
Futures looking up!! It will be hard for even a new virus to keep Trump’s economy down!
So you don't believe that 2% GDP for the last couple of quarters and the 0% forecast?

Give us your GDP 2020 numbers so we can refer back to this thread?

No doubt Trump will attack this like everything else - he will give away more money by borrowing it from our children and grandchildren.

Whether that quiver is empty or nearly so is an open question. The zero percent current forecast shows it's empty.
 
Old 03-02-2020, 08:22 AM
 
20,955 posts, read 8,692,373 times
Reputation: 14051
We don't have to guess about how Trump will deal with this CV.

He sued Deutsche Bank, the ONLY bank that would lend him money. He sued because he didn't want to pay it back.

The reasoning of his lawsuit? The Recession, he claimed, was an "Act of God" and therefore Trumps bad decisions in Real Estate is not something he should be responsible for!

You can't make this stuff up. But yet that is who is sitting there....
 
Old 03-02-2020, 08:25 AM
 
11,404 posts, read 4,093,392 times
Reputation: 7852
Quote:
Originally Posted by craigiri View Post
We don't have to guess about how Trump will deal with this CV.

He sued Deutsche Bank, the ONLY bank that would lend him money. He sued because he didn't want to pay it back.

The reasoning of his lawsuit? The Recession, he claimed, was an "Act of God" and therefore Trumps bad decisions in Real Estate is not something he should be responsible for!

You can't make this stuff up. But yet that is who is sitting there....
Wow, I forgot all about that.

Trump really is a dbag.
 
Old 03-02-2020, 08:29 AM
 
20,955 posts, read 8,692,373 times
Reputation: 14051
Quote:
Originally Posted by NeutralParty View Post
Wow, I forgot all about that.

Trump really is a dbag.
If that was an Act of God we can only imagine the Trump lawsuits after this!
 
Old 03-02-2020, 08:47 AM
 
6,829 posts, read 2,120,679 times
Reputation: 2591
Quote:
Originally Posted by craigiri View Post
Not much of a bounce. Most stocks I see are even or down. Only certain ones and the index are up a tiny amount compared to the down turn.
DowJ is up 300pts as of writing this, it's a bounce but if I'm right, it will be -1000pts tomorrow for DowJ.
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