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This it the world according to Trump and his minions - when the stock market goes UP - it's all due to trump and his policies. When the stock market goes DOWN - it's everyone else's fault.
Funny. A leftist I spoke to yesterday said the opposite - that the run-up of the last three years was all a continuation of Obama's policies, and that the last two weeks were all Trump's fault.
Hey Trump where's the economy that you claimed that "its the best ever." Where is it?
I don't see an awesome economy.
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. That doesn't sound like the hallmarks of an economy that's the best ever.
Trump has lied!
Do you honestly, seriously, believe this, or do you have a particularly virulent strain of TDS? The market was doing quite well, and has been ever since Trump took office. The fact that it's hurting now is not because Trump's policies backfired, or that he lied about something. It's because we're being afflicted by an unforeseen external disaster.
Do you think that the market would be doing any better, right now, if Hillary Clinton were president right now? Or if the coronavirus had happened during Obama's presidency?
The FED already said something last week, and things only got worse, Now they are out of ammo.
They are not out of ammo. But I have argued for the past few years that the low interest rates and huge federal debt make it much harder for the FED to stimulate the economy. The options are much more limited. And Chairman Powell has said he is against negative interest rates. So we know where the absolute bottom rate is.
The FED cannot stop the impact of a pandemic. And many traders to the rate cut as a panic by the FED which spooked them even more.
I agree the normal ways of calming the markets will not work the same. However if they go in and say they are going to bail out the sectors being impacted now (something I am against them doing) as well as other monetary policy and perhaps another rate cut, all of that might have an effect.
We also have a POTUS who is much more preoccupied with what he needs to do to get reelected instead of what might be best for the country.
Trump is going to be known as the President who completely destroyed the US economy and caused the second Great Depression.
Try to hide your delight that the stock market is overreacting, and your eagerness to falsely blame Trump. It's a last-ditch attempt to try to win the election. Too bad it will all be over by November, and you'll be left with nothing other than a demented old man trying to unseat Trump.
Do you honestly, seriously, believe this, or do you have a particularly virulent strain of TDS? The market was doing quite well, and has been ever since Trump took office. The fact that it's hurting now is not because Trump's policies backfired, or that he lied about something. It's because we're being afflicted by an unforeseen external disaster.
Do you think that the market would be doing any better, right now, if Hillary Clinton were president right now? Or if the coronavirus had happened during Obama's presidency?
It always does well before a crash. Trump is never at fault though because he shares the same unhinged foaming at the mouth hatred against the same people you do.
Yes, it would be doing much better if HRC would have won.
From day 1 I have said that the Fed needed to increase rates so they would have ammo to use in a situation like this. Instead, they were foolishly engaging in the functional equivalent of QE at the behest of the President even when the economy was humming along. Now that the wolf is at the door, the chamber is empty. It was so predictable.
Yes, the FED has been weak to allow the president to bully them around to make him look better, and now they are getting to a point where they are out of options.
Funny. A leftist I spoke to yesterday said the opposite - that the run-up of the last three years was all a continuation of Obama's policies, and that the last two weeks were all Trump's fault.
Trump himself claims credit for a positive stock market (crows about it daily) - then blames everyone else when it falls.
It wont be a "very small investment" as you described, the cost of those call options will be expensive because the of how much the VIX(volatility) has increased in this fall.
A call spread would be more appropriate with the elevated volatility.
Very small compared to the uber rich the other poster was complaining about. But you are correct extreme volatility makes call options more expensive.
This screams lack of confidence in leadership. I pray we can recover.
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