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Worst Week Since 2008 World Derivatives Panic.

In Dramatic Vote of No Confidence in Trump Regime’s Mismanagement of Coronavirus, Dow Falls an All-Time Record. For the week, the Dow fell 12.4%, the S&P 500 lost 11.5% and the Nasdaq shed 10.5%. Worst Week Since 2008 World Derivatives Panic.
In Dramatic Vote of No Confidence in Trump Regime’s Mismanagement of Coronavirus, Dow Falls an All-Time Record. Dow Futures Turned Negative During Trump’s Catastrophic Press Conference Yesterday; Administration’s New Coronavirus Czar Is Pence, Whose Bigotry Made an HIV Outbreak in Rural Indiana Much Worse by Blocking Delivery of Sterile Needles; With One Eye on Trump’s Approval Ratings and Dow, Pence Will Now Censor Statements of Competent Officials Like Fauci of NIH and Shucat of CDC; Does Trump Intend to Saddle Pence with Looming Catastrophe and Remove Him from Ticket?
Breaking: In New Low Point of Trump’s Incompetence, HHS Whistleblower Reports That US Officials Sent to Wuhan to Rescue American Victims Lacked Training and Equipment, and Were Not Quarantined Upon Return!

Honored Social Butterfly

Worst Week Since 2008 World Derivatives Panic.

 

This keeps up Wall Street is going to need even more socialism.

Honored Social Butterfly

 


@gruffstuff wrote:

Worst Week Since 2008 World Derivatives Panic.

 

This keeps up Wall Street is going to need even more socialism.


And if Putin depresses the RATIONAL vote again, the morons will reelect their King and the Oligarchs will be totally "socialized" with that favorite Republican balm: OTHER people's money.

Honored Social Butterfly

@Olderscout66 

"Other People's Money"...that is well put!

Perhaps we can also term trump's tax cuts as legalizing theft, or a reverse "Robin Hood", taking from the poor to give to the rich. 
I wonder though is if the wealthy who truly benefited from the tax cuts, have a conscience? Do they really need the extra money, do they realize the damage it does to American Society, or do they even care!

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I'd be interested to know if somehow the algorithms used to trigger +80% of all Wall Street stock trades had been "unpluged" so actual human traders controlled the ToadCrash of 2020.

 

Nobody really knows what the connection is between the things the algorithms check and the stocks they trigger buy or sell orders for, but what they DO know is the predicted movement up or down happens more than 51% of the time. So if the computers are still doing +80% of the trades and virtually all those mathematical abstractions agree the economy is going in the tank,that is VERY scary, because, odds-on, its happening and the only connecting feature is the ToadPOTUS who has teed up a global disaster by gutting our CDC and undermining the World's faith in America. Only rational solution is to get rid of the Toad and see if all the other factors stop predicting disaster.

 

If, on the other hand, humans have seized control and they're reacting to having a pathalogically lying moron as ToadPOTUS then the solution is obvious:

GET RID OF THE TOAD AND ALL ITS ENABLERS NEXT NOVEMBER.

Social Butterfly

 For a pessimistic view of what may happen  check the influnza pandemic of 1918.

How the Horrific 1918 Flu Spread Across America The toll of history’s worst epidemic surpasses all the military deaths in World War I and World War II combined. And it may have begun in the United States

https://www.smithsonianmag.com/history/journal-plague-year-180965222/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Honored Social Butterfly

I really need to learn more about this stuff.   


Are folks forecasting that it will continue to fall next week?   Or will it most likely level off? 

 

 

Honored Social Butterfly

ManicProgressive posted..


I really need to learn more about this stuff.


Are folks forecasting that it will continue to fall next week? Or will it most likely level off?

==========================================

I do not think anyone knows if or when it will end.

I am glad that our government is trying to contain it.

If we spend 3.5 billion or 6.5 billion on the crisis how will that be spent? It seems that are medical community is doing what they can without government money.

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@ManicProgressive wrote:

I really need to learn more about this stuff.   


Are folks forecasting that it will continue to fall next week?   Or will it most likely level off? 

 

 


I do not think anyone really knows. Just tonight Trump said the virus is a hoax, and the Dems caused it. He said there were 15 cases in the US where there are 63. Trump lies all the time and a liar usually extends a market drop. We see US Cos. cutting back travel of employees even in the US, and there have been events cancelled in the US. The new case in OR announced tonight is someone who was connected at a school, and that school has been closed now for a week. In CA there are over 100 people who worked at the initial hospital on leave for 14 days. All of these things effect the economy in a bad way. The virus is still hurting other countries and causing their economies to contract. The US used to be a force to stabilize or reverse what happened in other countries, but now with Trump we add to the problem. Time will tell.

Honored Social Butterfly

IrisP632884 posted..

In Dramatic Vote of No Confidence in Trump Regime’s Mismanagement of Coronavirus, Dow Falls an All-Time Record. For the week, the Dow fell 12.4%, the S&P 500 lost 11.5% and the Nasdaq shed 10.5%. Worst Week Since 2008 World Derivatives Panic.
In Dramatic Vote of No Confidence in Trump Regime’s Mismanagement of Coronavirus, Dow Falls an All-Time Record. Dow Futures Turned Negative During Trump’s Catastrophic Press Conference Yesterday; Administration’s New Coronavirus Czar Is Pence, Whose Bigotry Made an HIV Outbreak in Rural Indiana Much Worse by Blocking Delivery of Sterile Needles; With One Eye on Trump’s Approval Ratings and Dow, Pence Will Now Censor Statements of Competent Officials Like Fauci of NIH and Shucat of CDC; Does Trump Intend to Saddle Pence with Looming Catastrophe and Remove Him from Ticket?
Breaking: In New Low Point of Trump’s Incompetence, HHS Whistleblower Reports That US Officials Sent to Wuhan to Rescue American Victims Lacked Training and Equipment, and Were Not Quarantined Upon Return!

==============================================

When you stared your post with this

"In Dramatic Vote of No Confidence in Trump Regime’s Mismanagement of Coronavirus, Dow Falls an All-Time Record. For the week, the Dow fell 12.4%, the S&P 500 lost 11.5% and the Nasdaq shed 10.5%. Worst Week Since 2008 World Derivatives Panic."

That was very telling about your ability to be objective.

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@KidBoy2 wrote:
IrisP632884 posted..

In Dramatic Vote of No Confidence in Trump Regime’s Mismanagement of Coronavirus, Dow Falls an All-Time Record. For the week, the Dow fell 12.4%, the S&P 500 lost 11.5% and the Nasdaq shed 10.5%. Worst Week Since 2008 World Derivatives Panic.
In Dramatic Vote of No Confidence in Trump Regime’s Mismanagement of Coronavirus, Dow Falls an All-Time Record. Dow Futures Turned Negative During Trump’s Catastrophic Press Conference Yesterday; Administration’s New Coronavirus Czar Is Pence, Whose Bigotry Made an HIV Outbreak in Rural Indiana Much Worse by Blocking Delivery of Sterile Needles; With One Eye on Trump’s Approval Ratings and Dow, Pence Will Now Censor Statements of Competent Officials Like Fauci of NIH and Shucat of CDC; Does Trump Intend to Saddle Pence with Looming Catastrophe and Remove Him from Ticket?
Breaking: In New Low Point of Trump’s Incompetence, HHS Whistleblower Reports That US Officials Sent to Wuhan to Rescue American Victims Lacked Training and Equipment, and Were Not Quarantined Upon Return!

==============================================

When you stared your post with this

"In Dramatic Vote of No Confidence in Trump Regime’s Mismanagement of Coronavirus, Dow Falls an All-Time Record. For the week, the Dow fell 12.4%, the S&P 500 lost 11.5% and the Nasdaq shed 10.5%. Worst Week Since 2008 World Derivatives Panic."

That was very telling about your ability to be objective.


The post you refer to is true. Now supply us with facts to prove it was not. Trump actions have been so bad in handling this it was the straw the broke the camels back with the Stock Market. We have a world economy now and no one country can control it. The proof of that is in the last 3 years Trump has not tanked it by all the stupid things he has done like starting a tariff war. The world had already started to wall off the US by agreements between other countries and slowly but surely that was  starting to have an effect. The virus effect started slowly, but when Trump went whole hog with what every expert in the world new was stupid there was no stopping the world economy from starting to collapse which we see this week. Trump told all the virus will just go away, nothing to worry about, etc. Pence in charge? His first stop the Rush show. Go look at what Rush said about the virus to date. Sadly all the enablers support every silly thing Trump says or does. Trump will try and use the virus in his takeover as Dictator of the USA and that is a path a little different from what Hitler did in Germany. Trump I  think is now about 90% there to being full Dictator. The country being destroyed from with in just as we were told years ago was the only way it could be destroyed.

Honored Social Butterfly

If the corona virus mutates into soemthing benign we might get out of tRumps economic disaster faster than we got out of jrbush's, but that seems unlikely.

 

Feel sorry for those who were lulled into a sense of contentment and invested thinking donny's policies and not President Obama's were fueling the stockmarket rise only to discover that by working to kill everything President Obama did, ToadPOTUS was driving the economy down a rathole. The Corona virus just happened to kick start awareness of the fact with tRump in charge, we cannot deal with ANY unexpected disruption simply because morons don't do well in real world situations and in tRump's case, his only forte' is the lovefests his GOPerBots drive around the country to attend and faun over his sweaty orange self.

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