U.S. markets post big gains as Joe Biden’s Super Tuesday surge offers coronavirus respite

Interesting how the same media that mocked Trump for saying at least part of the record Dow dip was caused by the democrats debate with socialism on display now do an about face and give the democrats primary result credit for a Dow rebound because the socialist were defeated. Just sayin.

"U.S. stock markets surged Wednesday after Joe Biden’s Super Tuesday run made him a formidable moderate counterweight to Sen. Bernie Sanders’s economically disruptive proposals in the Democratic presidential race. The Dow Jones industrial average ended the day up nearly 1,200 points, or more than 4.5 percent."

https://www.washingtonpost.com/busi...-biden-coronavirus-wallstreet/?outputType=amp


"On Monday afternoon, as the major Wall Street indexes dropped sharply, there was no great mystery behind the selloff: investors were recognizing the economic threats posed by the coronavirus outbreak. It was around this time, however, that a Fox Business Network personality posited a different explanation.

Charles Payne, a conservative host, argued -- with a straight face -- that the quadruple-digit Dow Jones drop could be linked directly to Bernie Sanders' victory in the Nevada caucuses two days prior. Asked if he genuinely believed the selloff was related to the Vermont senator, the commentator replied, "Absolutely. There's absolutely no doubt." He added, "The Bernie factor is finally rearing its head in the stock market."





https://www.msnbc.com/rachel-maddow...p-tries-blame-market-drops-democrats-n1144141

 

Well, the dive in the market started on Monday morning, Feb 24th and continued through the Tuesday, Feb 25th. The debate wasn't until Tuesday night. Trump claiming that the dip was because of the debate assumes that the stock market had a crystal ball and could see what was going to be said in the debate two days after the drop started. Interestingly enough, the day after the debate was relatively stable considering the drops on the previous two days with the Dow only falling about 130 points. The drop was pretty clearly because of the uncertainty caused by the COVID. The president claiming otherwise is partisan fantasy.

 

So great to hear that the Market is In Love with Biden.

 

Better check your Dow charts again

 

That's the spin democrats are attempting to put on Bernies poor showing. Markets glad to see socialism fading. Even an idiot like Biden being president is better than that.

 

They surged because he beat Socialist-Communist Sanders not because he, Hidden would be a good President. Trump Administration is doing a good job against the virus. Wimpy past Presidents would have never blocked people from entering the Country and the number of cases would be much higher.

 

he did not beat Bernie, Bernie got more delegates then Biden, what Biden did do is preform better than people thought he would

Trump did not have a travel ban, he had a travel advisory, there is no travel ban in the USA

the reality is, many Americans have Corona and do not even know, as more testing is done, the numbers will go up, but looks like unless people have a compromised immune system, they will probably survive it just fine for the most part, many have had it and thought it was just the flu

 

The article is explicitly quoting Charles Payne, a conservative host. Not a Democrat trying to spin.

 

It is objectively a bad thing for the president to lie about the virus, contradict his own health experts in real time, reveal a shocking lack of knowledge on the subject publicly, and to use the word hoax while discussing the virus.

Trump did all 4.

 

Close on Friday, 21 Feb - 28992 (down 228 ) https://www.cnbc.com/2020/02/21/us-futures-point-to-lower-open-on-wall-street.html
Close on Monday, 24 Feb - 27961 (down 1031) https://www.upi.com/Top_News/US/202...points-lower-on-COVID-19-fears/8351582561733/
Close on Tuesday, 25 Feb - 27081 (down 880) https://daytradingstockblog.blogspot.com/2020/02/dow-jones-close-22520-stock-market.html
Night of Tuesday, 25 Feb - 10th Democratic debate takes place at 8ish PM after market close https://www.bing.com/search?FORM=U528DF&PC=U528&q=what+was+the+date+of+the+10th+democratic+debate
Close on Wednesday, 26 Feb - 26958 (down 124) https://daytradingstockblog.blogspot.com/2020/02/dow-jones-close-22620-stock-market.html
Close on Thursday, 27 Feb - 25766 (down 1191) https://daytradingstockblog.blogspot.com/2020/02/dow-jones-close-22720-stock-market.html
Close on Friday, 28 Feb - 25409 (down 357) https://daytradingstockblog.blogspot.com/2020/02/dow-jones-close-22820-stock-market.html

The lowest drop of the week was the day after the debate took place. Two of the biggest drops took place before the debate had even happened. What charts are you looking at?

 

Glad you responded. I've been looking into this myself and I was led astray by media reporting that I fell for. My error. The narrative -strawman they formulated was Trump explicitly blamed the debate for a portion of the market collapse. Then they go on to attack the straw man they created with statistics as you presented. The truth is Trump blamed the socialist on stage that night for instilling fear into investors and the media mocked him for that but now they turn around and say the same exact thing in reverse when those socialist had a bad night and the Dow went up. That's the relevant and overriding point of the OP.

 

Right, I think that the current volatility is almost exclusively because of COVID. It's not really possible to prove of course, but I'd suspect the debates and/or elections have a much smaller effect (if any).

 

Covid is the main driver but I do believe the socialist candidates and mainly Bernie were a worry to investors. I'm a small investor but an investor none the less and he scares the crap out of me. If a Democrat had to win I'd much rather it be Biden than Bernie.

 

There were massive gains on Monday, after the weekend Press Conference by the President, wasn't surprised to see the market a little concerned during the Dem Primaries on Tuesday, and as expected see it return back to normal after it was over.

Lots of uncertain investors when the Dems are on the stage

 

And a lot had it with no symptoms, which is why I think the death rate is overstated. They're only comparing deaths to those who have been diagnosed with it.

 

Disagree, e did not lie , he told us what was known at the time and he started taking measures months and months ago. It was China that held important information from ALL Countries, he listened to his own experts and those experts outside the WH. Science is not exact and this virus is a different "color". When he said Hoax it was in the context of the politicization by the Democrats. They lied about what he was doing in response to the virus to attempt to make him look bad. They in my opinion misinformed the the public in an EFFORT to scare peopke, cause a panic causing a sell off in the Stock Market because that was a huge accomplishment Trump was running on. And, it would benefit the Democrat candidates.

Why would I think this; because I always look for ways these Democrats can benefit(attack Republicans) when there is a Crisis. And Schumer actually said it and Democrats always say they should take advantage of a crisis.

Bidden is showing signs of senile dementia. Look it up and pay attention next time he speaks. Whom ever be choses to run with him will end up being President in my opinion.

Anxious to see who the Party picks Better be someone that is a Moderate with years of experience as a Governor. I don't want anyone that served in Congress and was a sheeple to the Democrat Party.

That's why I like Trump. He is not a sheeple to any Party. He is the President of the People, not Politics.