The Stock Market doesnt care about your feelings or identity politics

Originally posted by Bashar Teg
trumpers spent weeks helping to spread Trump's reckless campaign of misinformation, so I hope they enjoy this unnecessary outbreak. It's not all silly internet games, and the consequences are real, dumb c0cksuckers

We've known about this since at least mid Dec 2019, when reports started coming out of China and that's when the "this is nothing, we don't have to prepare a thing!" started. Instead getting ahead of it, Trumpco mimicked China's early games of lies and distractions.

my bad 👆

Why President Donald Trump’s Speech Spooked the Stock Market

The Dow Jones Industrial Average sank into a bear market yesterday, but only just. And with President Donald Trump addressing the nation Wednesday night, there was still a chance that it would be a short-lived one. In fact, the market was betting on it: Dow futures were up around 300 points before the president’s address began.

And then the president started talking—and futures started falling. By the time Trump was finished, Dow futures were down more than 1,000 points, and any chance of a quick reversal of the bear market had faded. -snip

😂

Even the Rightwing news can't really sugarcoat Trump's epic fumble.

"Dow plunges 10% in worst drop since 1987 market crash" -snip

So 'Red Thursday' it will be then??

A lot of these posts could just be condensed into "orange man bad".

wow you sure proved em wrong. in your mind.

Originally posted by Bashar Teg
wow you sure proved em wrong. in your mind.

It's to be expected.

Dow lost -2,351, or 10% today, S&P and Nasdaq each lost over 9%, this came after Trump's inconsistent speech to the nation, what else can Surt say/try.

Originally posted by Bashar Teg
wow you sure proved em wrong. in your mind.

No need to prove him wrong, he's yet to come close to proving he is right.

Originally posted by Robtard
"Dow plunges 10% in worst drop since 1987 market crash" -snip

So 'Red Thursday' it will be then??

^ Wait, I got it "Orange Thursday".

Politics aside. It’s going to be really interesting to see if, or I guess more likely, when, the market drops below where it was when Trump took office. Crazy to think all gains made under his presidency will be wiped out in a matter of like 2 weeks.

It’ll also be interesting to see the effect this has on his re-election chances. Lot of people, myself included, felt that even though a lot of people don’t like him, as long as the economy was going well he’d have a good chance at reelection. If the economy begins struggling in a real world way that regular people begin to feel because of this, then the one thing Trump really had going for him will be gone.

Originally posted by BackFire
Politics aside. It’s going to be really interesting to see if, or I guess more likely, when, the market drops below where it was when Trump took office. Crazy to think all gains made under his presidency will be wiped out in a matter of like 2 weeks.

It’ll also be interesting to see the effect this has on his re-election chances. Lot of people, myself included, felt that even though a lot of people don’t like him, as long as the economy was going well he’d have a good chance at reelection. If the economy begins struggling in a real world way that regular people begin to feel because of this, then the one thing Trump really had going for him will be gone.

I was thinking the same things. I mentioned this multiple times. And the one of the two things I mentioned, happened.

Originally posted by dadudemon
I was thinking the same things. I mentioned this multiple times. And the one of the two things I mentioned, happened.

This is one of the reasons I believe the media was so keen on creating hysteria over the coronavirus.

So this "country over party" facade they try to put on needs to end because now more than ever it's blatant that isn't the case. Nobody on either side is putting country over party here. That is the problem and that has been the problem with our two party system for a long time.

The coronavirus pandemic exposed and exploited the weaknesses of Trump's feed-the-rich economic policies.

This belongs here too:

Originally posted by Robtard
Trump's disastrous and admin defining address to the nation which caused the worst stock market crash since 1987 was written and reviewed for errors and accuracy by none other than Jared Kushner and Stephen 'Shitboy' Miller. Explains a lot.

Stock market is regaining most of the loses yesterday after Trump's speech, his call of yet another National Emergency and the billions in tax funding that releases has acted like a bandaid towards people's fears and failing confidence. Still down overall for the week though.

Is this the 3rd or 4th National Emergency he's invoked in less than two years?

feds have announced an emergency cut on interest rates to 0, so that's at least good 👆

Originally posted by Robtard
Stock market is regaining most of the loses yesterday after Trump's speech, his call of yet another National Emergency and the billions in tax funding that releases has acted like a bandaid towards people's fears and failing confidence. Still down overall for the week though.

Is this the 3rd or 4th National Emergency he's invoked in less than two years?

Hey, least he hasn't gotten us in a war yet.

he sure tried. that ukrainian plane that was shot down over Iran seemed to completely neutralize trump's actions, with Iran now having to deal with it's own mass upheaval and anti-state sentiment, having no spare time to worry about vengeance. the dog was un-wagged by fate 🙂

Originally posted by Robtard
Stock market is regaining most of the loses yesterday after Trump's speech, his call of yet another National Emergency and the billions in tax funding that releases has acted like a bandaid towards people's fears and failing confidence. Still down overall for the week though.

Is this the 3rd or 4th National Emergency he's invoked in less than two years?

National Emergencies are common:

https://en.wikipedia.org/wiki/List_of_national_emergencies_in_the_United_States

The URL won't fix itself, oh well. Copy and Paste.

Originally posted by Bashar Teg
feds have announced an emergency cut on interest rates to 0, so that's at least good 👆

And it should stay there. And then get rid of The Fed.

Here are The Fed's 6 functions:
Clearing Checks. Action 1.
Acting as Government's Fiscal Agent. Action 2.
Supervising member banks. Action 3.
Regulate Money Supply. Action 4.
Supply Paper Currency. Action 5.
Setting Reserve Requirements. Action 6.

Originally posted by Bashar Teg
he sure tried. that ukrainian plane that was shot down over Iran seemed to completely neutralize trump's actions, with Iran now having to deal with it's own mass upheaval and anti-state sentiment, having no spare time to worry about vengeance. the dog was un-wagged by fate 🙂