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Honored Social Butterfly

Dow tumbles nearly 1,200 points

As Trump continue to mismanage his messaging, investors telegraph their fears that the White House is completely incapable of dealing with the crisis.  THIS is what happens when you hire an incompetent amateur. 

 

 

U.S. stocks deepened their weeklong plunge on Thursday as investor fears about coronavirus widened despite the Trump administration's efforts to calm fears.

The Dow Jones Industrial Average fell nearly 1,200 points, its third sharp decline this week — pushing the market into correction territory.

 

http://go.politicoemail.com/?qs=ba1e31a70e4934766916d6530b0936846b074d027f76ea67856eaebeb3d184c56e9e... 

Honored Social Butterfly

   From conspiracy theory nonsense to gok.   What has happened globally is that the economy of most nations is tied to the Global economy.    That means that regardless of the RW so called "nationalism"  the US does not make stuff from scratch.   It relies on the global production machine so manufacture widgits etc some of which get to the US as parts of stuff that may be assembled in the US. 

    The bs. is that the new NAFTA helps the US make stuff here in the US - which anyone who has an ounce of common sense comprehends the lie.  

 

    Donald has admitted that he cannot protect the US so he has gone to plan B - deny deny deny and simultaneously made the veep the only mouthpiece about the current Virus problem that is affecting countries around the globe.   

    No parts mean no parts and it is darn hard for donald to spin that, as he is the one that tied everything about today's  US economy to WS, not voters.     

PRO-LIFE is Affordable Healthcare for ALL .
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Regular Social Butterfly

I sold ALL of my stock holdings last Summer.  In January, I regretted it because I could have doubled my profit.  Along comes corona and guess what?  I am back to feeling Smiley Very Happy .

 

All because some Chinese people eat bats.

 

You are getting sleepy.
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Honored Social Butterfly

I just checked the market.

 

10 minutes after the opening bell - Dow Jones down 900-plus points (Friday 2/28.20).

 

It's will probably bounce up and down. No telling how it will finish at the end of the day. 

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Honored Social Butterfly

The ONLY people who trust ToadPOTUS do so because all they care about is how much damage he'll inflect on the non-white poor, and their trust there is always rewarded as he always maximizes the damage his policies inflict on the non-white poor.

 

Everyone else who supports ToadPOTUS does so for financial gain, knowing the gutless wonder will find a way to bail the top 10 out of any rathole donny drives the Nation into, and cut top taxes in the process.

 

But now a virus is threatening the 10's supply lines, and they know the Toad is clueless about dealing with any real crisis and only deals with the disasters he creates in a manner designed to make himself look good.

 

It is a sweet irony that the bacillius Putin injected into the White House may be brought low by a virus we can't deal with because donny got rid of all the "defensive capability" in the CDC to pay for his taxscam for the 10.

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Honored Social Butterfly

@Richva 

 

Not sure what anybody could have done - The Coronavirus disease 2019 (COVID-19), as it is now called worldwide is causing a slowdown also worldwide.  People don't move about freely, they don't buy freely. 

 

The stock market is like a little old, meek, easily frightened man / woman/child - it reacts to everything and if it something a little scary, it reacts with downward motion and this is the worst kind of fear - the unknown, the unseen.  And it boomerangs. 

 

Invest in things people will have to have - utilities - communication - food.

Heck some people are out there researching who supplies face mask, respirators, protective clothing, etc. just so they can stay proactive in what is gonna be moving.

 

Yep, this has slapped a damper on the economy for now - but not just the U.S. either.  China is definitely suffering as well as other countries that were hoping to pull out of their slump this year.

 

On a positive note:  Need to Buy a Home:    Investors are fleeing to safe-haven investments amid renewed coronavirus fears, sending 10-year Treasury yields sharply lower and this, in turn, will push U.S. mortgage rates to new lows.

 

 

 

Honored Social Butterfly


@GailL1 wrote:

@Richva 

 

Not sure what anybody could have done - The Coronavirus disease 2019 (COVID-19), as it is now called worldwide is causing a slowdown also worldwide.  People don't move about freely, they don't buy freely. 

 

The stock market is like a little old, meek, easily frightened man / woman/child - it reacts to everything and if it something a little scary, it reacts with downward motion and this is the worst kind of fear - the unknown, the unseen.  And it boomerangs. 

 

Invest in things people will have to have - utilities - communication - food.

Heck some people are out there researching who supplies face mask, respirators, protective clothing, etc. just so they can stay proactive in what is gonna be moving.

 

Yep, this has slapped a damper on the economy for now - but not just the U.S. either.  China is definitely suffering as well as other countries that were hoping to pull out of their slump this year.

 

On a positive note:  Need to Buy a Home:    Investors are fleeing to safe-haven investments amid renewed coronavirus fears, sending 10-year Treasury yields sharply lower and this, in turn, will push U.S. mortgage rates to new lows.

 

 

 


Trump could have demonstrated the ability to manage. Well, Trump could not have done that but an effective president would have done it. An effective president would not have been maligning NIH staff. He would not have been purging them with loyalty tests. Team Trump has met the pandemic with its usual blend of incompetence and blaming someone else for it. 

 

The market has been overheated because of Trump's tax cuts. Most investors knew that handing out free money and using the nation's credit card to pay for it could not last forever. They were waiting for the sign to get out fast.  It happened to be this.

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Honored Social Butterfly

U.S. stocks deepened their weeklong plunge on Thursday as investor fears about coronavirus widened despite the Trump administration's efforts to calm fears.
The Dow Jones Industrial Average fell nearly 1,200 points, its third sharp decline this week — pushing the market into correction territory.

************************
The Coronavirus is only a side issue of what is wrong.  

A stock buyback is when a company buys back its own shares from the broader marketplace. 

The $1.5 trillion GOP tax cut is a major boon to corporations.    It slashed the corporate tax rate to 21 percent from 35 percent, reduced the rate on corporate income.    Republicans said their tax bill would go to workers.    Instead, it went to Wall Street.  

Stock prices were too high going from 20,000 to near 30,000.   How low will they go now ....my opinion is maybe only a handful of investors who control the markets know .

Pricing in permanent  low interest rates,  more affluent  investors only wanted to invest in stocks or bonds.   Some of the less affluent wanted to save a bit of money found savings accounts paying point zero zero zero one %....so they put their meager savings into the markets.       It became a credit economy for many others......buy now pay later no interest for a couple years and personal debt is at an all time high.      


    



 

 

Honored Social Butterfly

JANMB posted..

The Coronavirus is only a side issue of what is wrong.

A stock buyback is when a company buys back its own shares from the broader marketplace.
The $1.5 trillion GOP tax cut is a major boon to corporations. It slashed the corporate tax rate to 21 percent from 35 percent, reduced the rate on corporate income. Republicans said their tax bill would go to workers. Instead, it went to Wall Street.

Stock prices were too high going from 20,000 to near 30,000. How low will they go now ....my opinion is maybe only a handful of investors who control the markets know .

Pricing in permanent low interest rates, more affluent investors only wanted to invest in stocks or bonds. Some of the less affluent wanted to save a bit of money found savings accounts paying point zero zero zero one %....so they put their meager savings into the markets. It became a credit economy for many others......buy now pay later no interest for a couple years and personal debt is at an all time high.

=============================================================
" ....my opinion is maybe only a handful of investors who control the markets know '

I am glad that is not true...your post sounds like you hate businesses , Businesses are what drives our economy.



This is 2020 not 1929

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries, it started in 1929 and lasted until the late 1930s. Wikipedia
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Honored Social Butterfly


@KidBoy2 wrote:
JANMB posted..

The Coronavirus is only a side issue of what is wrong.

A stock buyback is when a company buys back its own shares from the broader marketplace.
The $1.5 trillion GOP tax cut is a major boon to corporations. It slashed the corporate tax rate to 21 percent from 35 percent, reduced the rate on corporate income. Republicans said their tax bill would go to workers. Instead, it went to Wall Street.

Stock prices were too high going from 20,000 to near 30,000. How low will they go now ....my opinion is maybe only a handful of investors who control the markets know .

Pricing in permanent low interest rates, more affluent investors only wanted to invest in stocks or bonds. Some of the less affluent wanted to save a bit of money found savings accounts paying point zero zero zero one %....so they put their meager savings into the markets. It became a credit economy for many others......buy now pay later no interest for a couple years and personal debt is at an all time high.

=============================================================
" ....my opinion is maybe only a handful of investors who control the markets know '

I am glad that is not true...your post sounds like you hate businesses , Businesses are what drives our economy.



This is 2020 not 1929

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries, it started in 1929 and lasted until the late 1930s. Wikipedia

The problem is that no one has any faith in the Trump administration to handle any sort of problem. Not just a pandemic.  Trump has been getting rid of anyone who was competent and has few players left.  In short, this is the national emergency we all knew Trump could not handle. Hence, the stock sell off. 

Esteemed Social Butterfly

Obviously, IMPOTUS's press conference did nothing to assuage concerns and inspire confidence.  But the stock market plunge is also due to the Democratic debate, you know.  We know that because IMPOTUS told us so.  🤥

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