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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsImpeached tRump Says Stock Market Hotter Than Ever as Dow Falls 1,000 Points
Trump Says Stock Market Hotter Than Ever as Dow Jones Falls 1,000 Points on Coronavirus Fears
On Monday, the Dow Jones Industrial Average closed down 1,031.54 points, or 3.55%, its biggest point drop in nearly two years. The S&P 500 also had its worst trading day since February 2018, falling 3.35% to 3,225.89 and erasing its year-to-date gains, while the Nasdaq Composite closed 3.7% lower at 9,221.28. When markets move one way or another, analysts rush to provide an explanation, despite the fact that sometimes there isnt a simple answer for why, in Wall Street terms, things shit the bed. Today though, it appears pretty obvious that the biggest factor was the combination of a surge in coronavirus cases outside of China and the realization that Donald Trump has no idea what hes doing in terms of a response, which is true in most circumstances but particularly worrisome when a deadly virus is concerned.
<snip>
Theres also likely growing angst over the fact that the president of the United States is a guy who claims you can get cancer from the sound wind turbines emit and probably thinks you can get AIDS from sitting too close to the screen during Bohemian Rhapsody. In addition to claiming the virus will miraculously go away in April because Chinese President Xi Jinping told him so, his actions well before COVID-19 was a thing, may have already hampered the U.S. response. Last month, Foreign Policy reported that the administration has intentionally rendered itself incapable of problems of this magnitude, having wiped out its entire pandemic response chain of command, including the White House management infrastructure and shutting down both the National Security Councils global health security team and its counterpart at the Department of Homeland Security. - Vanity Fair
On Monday, the Dow Jones Industrial Average closed down 1,031.54 points, or 3.55%, its biggest point drop in nearly two years. The S&P 500 also had its worst trading day since February 2018, falling 3.35% to 3,225.89 and erasing its year-to-date gains, while the Nasdaq Composite closed 3.7% lower at 9,221.28. When markets move one way or another, analysts rush to provide an explanation, despite the fact that sometimes there isnt a simple answer for why, in Wall Street terms, things shit the bed. Today though, it appears pretty obvious that the biggest factor was the combination of a surge in coronavirus cases outside of China and the realization that Donald Trump has no idea what hes doing in terms of a response, which is true in most circumstances but particularly worrisome when a deadly virus is concerned.
<snip>
Theres also likely growing angst over the fact that the president of the United States is a guy who claims you can get cancer from the sound wind turbines emit and probably thinks you can get AIDS from sitting too close to the screen during Bohemian Rhapsody. In addition to claiming the virus will miraculously go away in April because Chinese President Xi Jinping told him so, his actions well before COVID-19 was a thing, may have already hampered the U.S. response. Last month, Foreign Policy reported that the administration has intentionally rendered itself incapable of problems of this magnitude, having wiped out its entire pandemic response chain of command, including the White House management infrastructure and shutting down both the National Security Councils global health security team and its counterpart at the Department of Homeland Security. - Vanity Fair
There's no reason to panic, even when you see your messiah saying you'll be fine where you are, while they board a plane to go elsewhere.
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Impeached tRump Says Stock Market Hotter Than Ever as Dow Falls 1,000 Points (Original Post)
ffr
Feb 2020
OP
lame54
(35,326 posts)1. That's because in Trump world down is up
ffr
(22,672 posts)2. On his tombstone it should be written, 'faked his way through life; grifter'
Successfully fooled 63 million dopes into falling for his con.