"Trump blames Monday and Tuesday’s stock market slide on Dem debate that happened Tuesday night" "President Donald Trump tried to pin this week’s stock market slide in the face of a potential coronavirus outbreak on Democrats. But the case he made to do that was nonsensical — even by his standards." "During a news conference on Wednesday that was meant to quell fears, Trump explained away the Dow Jones Industrial Average’s nearly 2,000-point dip on Monday and Tuesday not first and foremost by acknowledging reality — which is that investors are spooked by fears we’re amid the early stages of a global pandemic — but by insisting that they’re spooked by the prospect of Bernie Sanders or Joe Biden becoming the next president." “I think the financial markets are very upset when they look at the Democrat candidates standing on that stage, making fools out of themselves, and they say, ‘If we ever have a president like this,’” Trump said, referring to the most recent Democratic presidential debate held in South Carolina. “When they look at the statements made by the people standing behind those podiums, I think that has a huge effect.” "But there’s a problem: The Democratic debate in question took place on Tuesday night, after American markets closed for the day. By then, the Dow had already endured two days of significant losses — 1,032 points on Monday and another 879 points on Tuesday. So Trump’s explanation for the market slide rests on a fundamental misunderstanding of how time works" https://www.vox.com/2020/2/27/211558...rket-democrats Beautiful, is there anything that Trump can't scapegoat the Democrats for? Now it is the Democrats fault the Market is fading fast Now, assuming Trump knows the Market's fall has nothing to do with Democrats, is what he said a lie, fabrication, or purposely misinforming Americans? And as I also said before, as funny as it is, it is also sad that there are a large number of Trumpkins out there actually believe the crap that Trump promotes
If Trump said golden flying monkeys were coming out of his ass, his followers would believe him - that’s how it is with a cult.
In part, yes. The fear spread by the left thru the media and some in office is effecting the market. Not really a debatable point.
No. Supply chain problems are driving the market. Goldman Sach’s estimates in corporate profitability are driving the market. Big corporate investors are driving the market. Political parties do not have much influence over those factors.
If you don’t think panic is big part of the issue you do not understand the market. And the lefty media is stirring up a that panic as fast as they can to get views and clicks as well as trying to regain their lost influence politically.
The big institutional investors don’t work off panic and left wing talking heads. They respond to actual market forces. The only way the market moves like it has for the last 4 days is if those big boys are involved. If you don’t know that, then you know nothing of the market.
Obviously it’s virus related. However a devout socialist/communist leading the Dem party certainly doesn’t inspire confidence.
So you’re going with the golden monkeys flying out of Trump’s ass explanation. Big problem is that Trump hasn’t had to deal with serious issues like a pandemic. He was handed a silver spoon market and economy and his response to local emergencies like hurricanes has been indifference. Trump is President and HE doesn’t inspire calm or confidence. He is a chaos figure.
What’s that have to do with panic selling impacting the markets? https://www.google.com/amp/s/m.inve...es-as-dow-opens-below-25000-2097143?ampMode=1 It’s not rocket science..
No, it's not. What is the market afraid of? Reduced sales. What do we get from China and Asia. Stuff to sell and/or make stuff.
While he is mostly wrong the market is reacting to supply chain issues not what some brain dead Dems said.. That being said. TWO top D's pushing the lie that Trump cut CDC funding ( along with the lap dog media spinning) it certainly is not helping matters.
Im telling you panic buying is impacting the market, just like that link does. Media panic is part of that. Denying it won’t change that.
This will all backfire on Democrats "and" neo-communist. After the Budlight-virus, brought to you by Bloomberg for president, flops, the market will swing back and be much stronger. Companies are leaving China and diversifying. All good things. Just avoid areas full of Democrats "and" neo-communist who are politically invested in spreading the virus.
And I'm telling you when Long Beach is empty the supply chain is broken. Apple warned on Feb. 17 that it would not meet previously-supplied guidance on revenues for the current quarter because of the impact of the coronavirus on its supply chain in China.