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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.
A lot of corrupt people want to drive the market down now, so they can buy low, knowing it will bounce back and make them rich. A lot of market fluctuations are purposeful and bogus, done by groups of get rich slime balls
Are you seriously blaming the president for a now global pandemic that has crushed the China economy leading to every country that does business with them feeling a bit of pain....or are you blaming the president for globalism being a thing?
I'm just curious which way you are taking this one.
All presidents align themselves when markets rise. None have done so more than Trump and it’s cringe-worthy.
If one takes credit for the highs then one needs to own the lows.
Reality is that POTUS does not control the markets.
The FRB’s emergency 0.50% rate cut had no impact.
By far the largest drop ever. We are way below the market levels from two years ago.
Point drop, yes. Percent drop, no.
Plus this is inter-day. You are comparing a inter-day price with previous closing prices. We will see where it is at the end of the day. Likely the FED will say something to calm down the market.
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.
Absolutely agree with you on that note.
To reprise my original and typical "snarky" post.
I'd be disgusted if any moderate or liberal "blamed" Trump for a naturally occurring viral phenomenon.
But absolutely not surprised that Trump blamed Obama and that right wingers were in lock step with him.
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.
only the most callous and evil among us celebrate such a catastrophe.
Where are you getting the celebration?
I’m losing money on this like everyone else.
The stock market is going to be the biggest story of the day. We’ve already had a 15 minute halt (a so called circuit breaker) when the market reached a 7% sell off.
But of course, you’re the guy who called me a racist when I mention the inconvenient truth that the GOP is overly dependent on white non-college voters, and they’ve been losing on average 2% of their share of registered voters every 4 year POTUS cycle for over twenty years. That’s not prejudice against whites; it’s just stating facts.
We will hear, "to big to fail" and all the corporate bailouts will begin...again! I just heard an economist say "the airlines can't fail"
Trump has surrounded himself with, appointed not sworn in, yes men that won't know or willing to do anything in a crisis.
Trump has no ability to look towards the future which is why he has filed for Bankruptcy so many times.
Yep, let the bailouts begin. Didn't like it when Obama did it, and I won't like it now. But that's the way it will be because "socialism" is where it's at.
Hey I did vote for Clinton, I sat out the other 2.
Quote:
Originally Posted by Finn_Jarber
DOW -2000
By far the largest drop ever. We are way below the market levels from two years ago.
You are always on here cheering when the market is going down
This is clearly due to the opec thing and mass hysteria the media is doing in regard with COVID-19 in an attempt to hurt Trump. Ive lived thru the other apocalypses like swine flu, mad cow disease and eobli. I'll live through this one as well but 1 rational person standing up in front all this mass hysterical media doesn't stop it.
Last edited by tipsyguam; 03-09-2020 at 08:14 AM..
It’s recovering now. Trump’s economy is strong but there is a lot of global uncertainty right now.
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