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Old 03-09-2020, 07:52 AM
 
45,676 posts, read 24,030,238 times
Reputation: 15559

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Quote:
Originally Posted by eastriver View Post
NYT carefully twists every bit of virus news into a Trumpian indictment, which also serves to amplify the message.
Cite a source and we will either agree with you or not. But other than that.

I think Trump fans think everything that is a legitimate criticism of a Trump policy/action/statement claims it is media bias instead of being objective about the critism.

My feelings are as valid as yours.
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Old 03-09-2020, 07:53 AM
 
Location: In the reddest part of the bluest state
5,752 posts, read 2,784,113 times
Reputation: 4925
The stock market is not the economy and vice versa. The stock market makes money on volatility but it’s out of their control now and into the economy. Virus, yes. Russia V OPEC, yes. Exposing too much valuation in the market? For sure yes.
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Old 03-09-2020, 07:55 AM
 
30,181 posts, read 11,815,563 times
Reputation: 18698
Quote:
Originally Posted by MJJersey View Post
Holy crap they closed the market! Can they do that?

There are automatic halts in trading at 7%, 13% and 20%.
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Old 03-09-2020, 07:56 AM
 
Location: Florida
76,971 posts, read 47,659,569 times
Reputation: 14806
DOW -2000

By far the largest drop ever. We are way below the market levels from two years ago.
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Old 03-09-2020, 07:56 AM
 
Location: Wisconsin
37,981 posts, read 22,167,958 times
Reputation: 13811
Quote:
Originally Posted by 1AngryTaxPayer View Post
Buy buy buy I'm gonna be all over this.
If the panicked hype for the virus gets worse, the DOW will get worse, might want to but when it hits 22,000
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Old 03-09-2020, 07:57 AM
 
Location: Austin
15,640 posts, read 10,398,506 times
Reputation: 19549
pathetic and cruel, bureaucat, to celebrate a global health and economic crises because you hate president trump.

men, women and children are dying and more will die. workers won't get paid due to canceled events, reduced customer traffic, and being quarantined. businesses will go under. people will be financially devastated.

the most callous and evil among us celebrate such a catastrophe.
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Old 03-09-2020, 07:57 AM
 
Location: Oklahoma
17,810 posts, read 13,708,449 times
Reputation: 17844
Quote:
Originally Posted by eastriver View Post
Trump voters sat out Romney, McCain, Bushes.

What Republicans in the South? Most never arrived until the 70s and early '80s from the Rust Belt. Learn some history.
OK, let's see...

2004- 62 million votes for Bush

2008- 60 million votes for McCain

2012- 60 million votes for Romney

2016- 63 million votes for Trump


So it looks like there are between roughly 60-62 million republicans who voted for the republican candidate in each election.... and 1-3 million Trump voters (who "sat it out").
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Old 03-09-2020, 07:57 AM
 
30,181 posts, read 11,815,563 times
Reputation: 18698
Quote:
Originally Posted by CCbaxter View Post
The stock market is not the economy and vice versa. The stock market makes money on volatility but it’s out of their control now and into the economy. Virus, yes. Russia V OPEC, yes. Exposing too much valuation in the market? For sure yes.

The stock market is a leading indicator. Traditionally it shows where the economy will be in 6 months. Essentially its prices relate to corporate earnings. The problem right now is where will corporate earnings be in six months with the uncertainty of the coronavirus. Many sectors will be way down but how much and how many is the problem.
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Old 03-09-2020, 07:57 AM
 
Location: sumter
12,970 posts, read 9,664,852 times
Reputation: 10432
The markets had to take a 15 minutes break, it was stuck at 1884 for a while. Then I heard then say if it falls too low, it will simply close for the day.
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Old 03-09-2020, 07:58 AM
 
9,254 posts, read 3,590,300 times
Reputation: 4852
Quote:
Originally Posted by eddie gein View Post
Good point.

Only an idiot would blame Trump for Covid-19.

But, then again only an idiot would blame Obama for Covid-19 either.
I don't think anyone "blames" Trump for Covid-19, but I think most are in agreement that the reaction to its rise was handled poorly at best. I am still waiting for an answer as to why the US needed to develop its own tests rather than rely on the WHO test. I suspect there was a profit motive behind it but the lack of testing really screwed the pooch and it will end up costing a lot of American lives.
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