Stocks tumble as Covid-19 cases surge and stimulus is nowhere to be found

Wall Street is tumbling on Monday as coronavirus, Washington intransigence and earnings weigh on the market.
US stocks sank at the opening bell in New York, and the selloff gathered pace as the session went on.
In the early afternoon the Dow (INDU) was down 950 points, or 3.4%. Not a single Dow stock was in the green. At this rate, the index is on track for its worst day since June.

https://www.cnn.com/2020/10/26/investing/dow-stock-market-today/index.html

Wow.

Trump's RECESSION (Caused by TRUMP'S VIRUS) is really tanking the economy.

Hopefully, people vote their pocketbooks and elect Biden to get America moving again.

Why has Trump (and the TRUMP VIRUS) been such a disaster for the Economy?

 

Simmer down Mr Lockdown.

 

US citizens gifted these companies a trillion dollars and we don't have anything to show for it. 100 times worse than TARP. Didn't most Trump fans hate TARP at one point?

 

Yup.

What ever happened to GOP Deficit Hawks?

 

You were one of the cheerleaders demanding we expect 35-40% unemployment. Here you are again. Funny how coincidences work...

 

Democrats tried to kill the economy. Silly dems.

 

Nancy could not be happier, she has proven that she wants only to do whatever she can to make Trump look, bad, she does not care one damn bit if you end up homeless, she is now the worst human being ever to be in politics. Someone defend old Ice Cream please, we need a good laugh.

 

Trump can deny the surge in covid numbers, but reality can't. Neither can the stock market.

I've said this always and I say it again: A good economy is not possible unless covid is under control. That's what Trump fans are getting wrong: They think the economy comes first, and THEN we deal with covid (or not, according to the WH). In reality, dealing with covid comes first, a good economy will follow, if covid is under control.

 

Good insight. And, exactly.

 

What exactly do you think Biden is going to do to eradicate covid? I have heard him say nothing about what his plan is. Only "Orange man bad". Masks don't work. Quarantine doesn't work. He has vaccines on the way. I mean seriously, you people complain but you never once say what he should be doing. Go on. I am waiting to hear the miracle answer to making a china made pandemic disappear overnight.

 

Thank god we don't have to actually live in her district where most people are homeless and have to defecate on the streets, or sometimes even her driveway.

 

You can thank your phony polls. Folks think Biden will win so they are backing out of the market.

 

I think you are lost Old Man.

 

First he would actually work with Congress on a relief program for regular citizens.

 

1) No parties
2) No bars
4) No rallies
5) No protests
6) Restaurants open only with limited capacity indoors
7) Social distance
Wear masks
9) Wash hands

If those measures were actually adhered to and the politicians would model this behavior and enforce compliance, we'd be in a much better spot and the economy would be fine.

In our county, we went from a positivity rate of 0.5% to 5% in a matter of two weeks. Why? Because idiots went to ONE bar without wearing masks and social distancing. ONE bar, let that sink in. Instead of fining the bar owner, who didn't care about compliance, they just closed it down for a week. Now, it is open again. The result: Probably 100s of people seriously sick, 10s of deaths (or more), children being unable to go to school, university going online for two weeks, and a local economy that is hurting because the outbreak needs to be brought under control. Overall, probably 10s of millions lost to the local economy because of a few idiots.

 

What was the positivity rate after the George Floyd incident? How would Biden have handled that? No protests. You said it yourself. Why is Trump responsible for the months of BLM protests?

 

Stock market will continue to tank as there is speculation that Biden/Harris could actually win. There will be a serious economic down turn as Biden will raise taxes (worst time ever during a recession) and will push for more lock downs.

Fortunately, I've already moved a portion of my portfolio out knowing that a Biden economy will look like.

 

Pelosi has turned down multiple attempts from our President. Why won't she work with him?
https://www.ny1.com/nyc/all-borough...ouse-offer-of--1-8-trillion-covid-19-stimulus

This one's even better
https://www.realclearpolitics.com/v...p_you_dont_know_what_youre_talking_about.html

 

You've been trained well by your leader. In reality, the stock market does better under Dem than under Republican presidents. it is your loss, but the un-American sentiment of betting against America is noted.

 

Pelosi passed bills months ago in May. Your links don't argue that.

 

Democrats: Shut everything down! We're all gonna die as this thing has only a 99.96% Survivability Rate!

Also Democrats: The economy is tanking!? Blame Trump!

 

Was that when she was hiding out in her mansion eating expensive ice cream?

 

You're right that the damage has been done with respect to Covid. Trump squandered the opportunity to lock down, test, and trace to try to keep things under control back in early February. And, most recently, he royally screwed the folks who were laid off, furloughed, or otherwise saw their income drop due to the economic effects by fip-flopping repeatedly on a second stimulus and ultimately letting McConnell put it on hold until after the election. Anyone in that situation hoping for a little help to at least give their kids a nice Christmas can kiss that goodbye. Anyway, he has shown staggering ineptitude on the pandemic since the beginning. Given that this is likely to continue well into next year, even with a vaccine, we need someone who won't repeatedly mess up going forward. Any other candidate, from either side, would have handled this better.

As to what he'll do exactly, I don't know. He probably won't try to spin the pandemic to stroke his ego, though. For instance, I bet he won't use the vaccine as a bargaining chip to gain favor with mall Santas.

 

Oh yes you can do that all day

Democrats : Trump isn't doing enough to spread the flow of Covid!

Also Democrats : Trump is a racist for shutting down travel from china!!!

 

Isn't 35 percent close to the actual unemployment rate? I have it on good authority that government unemployment rates are a hoax.