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

I've stated multiple times. Protect our vulnerable but open up and allow for society to get some form of normalcy back. Yes, some people will get sick and die, however the great majority will recover with no I'll effects and society can recover.

 

And I'll ask again - what states are locked down currently?

 

Stocks cratering in early trade as coronavirus cases spike again, eh.

This bumbling, inept republican administration is so overmatched against this pandemic that it's just pathetic at this point.

U.S. --> 4% of world population, 25% of world Covid-related deaths

Incompetent republicans FAILED this country.

Time for a CHANGE in leadership...

VOTE JOE ... VOTE DEM ... and vote HARD!!!

 

My state just initiated more limitations and schools are going full remote again. Also govenor has mandated bar to close at 10:30 and max capacity is 25 and groups of people are capped at 5. Fines for groups larger than 5 or $1000 and fines for business over 25 can upwards of $10k. Theaters remain closed and now they are wanting to shut down fitness centers. All pools are closed and I've not been able to do raquetteball since March.

Your state is wide open?

 

Okay, so no state has been locked down. Glad we could agree. What the states are doing is ensuring public health. They are limiting things - not locking them down. And they are keeping high risk areas (ie gyms) closed. I'm sorry for your raquette ball, but its for the greater good. We could be in much better shape, as a country - with more freedoms - if the common sense rules (masks, social distancing) were followed. But because they haven't been, measures have to be taken.

 

We don't agree as you have a different perspective of what is considered a lockdown and what is not. Even in your response you concurred that there is currently lockdowns. You can't say "They are limiting things - not locking them down." and then with a straight face say "And they are keeping high risk areas (ie gyms) closed." ←, this my friend is a lockdown.

And what you consider for the greater good, I consider to have irreparable harm to our society unless you are a proponent of "The Great Reset". Make enough people desperate, and the Marxist ideology doesn't look so bad.

And by common sense, we should not be placing COVID positive patients back into retirement homes. This is the same common sense democratic governors have used which created the massive spike.

There have been several cases and outbreaks of COVID since sports started back. Please tell me how many deaths from COVID have taken place with these athletes since sports started playing again? I'll give you a hint... It's less that 1. Zero, ziltch, nada!!!

 

No we don't agree - and that's fine. It would be a boring world if we all thought the same way. But to say that the virus isn't lethal (for the vast majority) and therefore these precautions are unnecessary is ignoring the science coming out about long term effects of the virus. Also, there are folks living in places that don't have the same access to the treatments that are showing signs of great success. So if you happen to be at one of those hospitals - or in a region that has no ICU beds left - you're out of luck.

 

This could be the worst-case election-related scenario for the market...

Joe prevails, but the filthy, corrupt republicans maintain control of the senate.

If Joe wins and Dems take the senate, there's a good chance for a substantial economic stimulus package which, of course, will boost stocks.

But if the pathetic republican hypocrites remain in control of the senate, they'll turn on a dime (as usual), and suddenly deficits and debt will be of prime concern once again (even tho we're in the middle of an economy-destroying pandemic).

They'll stomp their little republican feet and say 'NO, we can only afford an "emaciated" stimulus package' ... which, of course, will hurt stocks...

 

I've clearly stated that people will die. However, the science has proven that healthy people have a 99.95% of surviving COVID without continued effects. That is empirical. The people who unfortunately succumb to COVID are people who have existing comorbidity's, including the elderly. Those are the people we should be protecting. Protecting also means we keep the economy strong. Collapse of the system would create a hell of allot more deaths than COVID ever will!

 

Trump has said several times that he's ready to sign "Stimulus Part II" immediately, for even MORE money than has been put 'on the table' -- but Nancy Pelosi insists on stuffing it with huge amounts of money to bail out completely irresponsible, bloated, Democrat-dominated cities and states. But, it's all Trump's fault... right?

Be glad that a Conservative like ME isn't running things, Andy, because if I had the power, I'd tell them all -- "You made your 'free stuff' welfare-bed, and now you can LIE IN IT!"

The biggest problem of all? Nobody, including cities, counties, or states, SAVES MONEY OR MAINTAINS A SURPLUS FOR 'BAD TIMES'! Everybody blows every penny they have, and as much as they can borrow or steal -- and then has NOTHING when these bad times hit, and hit hard!

For people (including most Americans today) who were never taught anything about 'living-within-your-means', or 'saving-for-a-rainy-day', here's a very relevant story from Aesop, "The Ant and the Grasshopper":

WHAT A PITY THAT SO FEW OF US EVER LEARNED THESE SIMPLE, ELEMENTARY LESSONS WHEN WE WERE CHILDREN!

 

I wi8ll see your confusion and raise you these truths:

the Heroes act also did these thing which have little to nothing to do with the issue at hand
1. Repeal the cap on state tax deductions that primarily hit MILLIONAIRE DEMOCRATS in blue states, so much for the little guy, huh?
2. Payoff up to $10,000 of student loans, does my son get a check for his efforts in paying his off, as he did. Another hand out to the lazy.
3. One Trillion to bail out states with poorly almost criminally run pension plans, primarily blue states.
4. 125 million for National Science Foundation
5. 50 Million the EPA
6. 10 million to National Endowment of the Arts. I guess we don't have enough piss Christs in bottles, huh?
7. Release of all ICD detainees.
8. Legalize ballot harvesting in all states, gosh what party does that benefit?
9. Eliminate states from imposing voter ID requirements, are you kidding me, no ID at all to vote, again what party benefits from that?

So what does the above have to do with helping the American people out, Nancy sees this as a way to jam her bullshit agenda down our throats.
If the democrats are so wonderful why exactly can she not just send a stimulus bill ONLY to the white house? One reason and one reason only, it might help Trump so you and the rest of us be damned.

I am starting to enjoy being right all the time, it used to be a burden but not anymore.

 

And Pelosi is not budging at the expense of the American people for items that are 100% non-COVID related.

 

Pelosi passed a bill, Republicans in the Senate refuse to vote on it

just vote on it already

 

Because it won't pass the senate in it's current frame work. They've given concession after concession, going from 1.6 trillion to 2 trillion, trying to meet Pelosi SOMEWHERE, yet she is not budging.

It's political posturing at the expense of Americans. Just offer a skinny bill that only deals with helping Americans and remove all the dam riders so that we can get a deal done. You do that, Pelosi would force McConnell's hand! But she won't, because she wants more Americans desperate, hoping that will drive people to the democratic party. It's truly sickening!

 

yep, Republicans in the Senate won't even vote on it cause Trump said he won't sign it... It's truly sickening!

 

Everyone's mortality rate has come down.

We never needed to add to the homeless if we provided direct aid to begin with instead of worrying about the stock market.

Ditto with unemployment.

Bottom line: Take things seriously from the start and we save a lot of lives and do less temporary damage to the economy.

 

The states are following the guidelines of the trump corona task force.

 

1. That cap affected everyone. Not just millionaires.
2. Oh, the horror of paying off a semester of student loans to stimulate the economy and provide relief when they otherwise can't work.
3. The states are the ones responding to the crisis that directly affects their tax revenues and first responders.
4. The horror of sending money to a science foundation in the middle of a pandemic.
5 + 6. Not sure, but it totals $60 million in a $2 trillion bill.
7. The humane thing to do. They aren't violent criminals and no one would accept them right now as travel is mostly shut down.
8. Are you referring to mail in ballots as ballot harvesting? Good lord.
9. If your state doesn't have such a rule you shouldn't add a new rule right before an election.

 

Democrats refused to take things seriously initially. You realize this right? How quick the left forgets.

 

Um, not it didn't Please describe where the cap effective everyone....

 

WOW! What a Hypocrite. This is what you get with the Democrat party. The rule apply to yee but not to thee.

 

This issue was discussed several months ago. His winery was not located in the area that was locked down.

 

Funny how that works ain't it. Isn't it the state that decides what areas are locked down and which aren't? Who's the Governor?

 

Wait... Didn't you just claim there were no lock downs?

 

Controlling COVID is not possible. Countries that "had it under control" are seeing resurgences in cases immediately after attempting any reopening.