So now the Market's fall is the Democrats fault?

Discussion in 'Current Events' started by archives, Feb 28, 2020.

  1. archives

    archives Well-Known Member

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    "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
     
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  2. Daniel Light

    Daniel Light Well-Known Member

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    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.
     
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  3. Rugglestx

    Rugglestx Well-Known Member

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    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.
     
  4. Daniel Light

    Daniel Light Well-Known Member

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    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.
     
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  5. Rugglestx

    Rugglestx Well-Known Member

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    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.
     
  6. Daniel Light

    Daniel Light Well-Known Member

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    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.
     
  7. Pred

    Pred Well-Known Member

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    Obviously it’s virus related. However a devout socialist/communist leading the Dem party certainly doesn’t inspire confidence.
     
  8. jay runner

    jay runner Banned

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    Market, market fall fall fall.
    Give me more money than's down at the mall mall mall.
     
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  9. Daniel Light

    Daniel Light Well-Known Member

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    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.
     
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  10. Rugglestx

    Rugglestx Well-Known Member

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    Broken record.
     
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  11. Rugglestx

    Rugglestx Well-Known Member

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    Yeah cause panic selling ain’t a thing. Get real.
     
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  12. ronv

    ronv Well-Known Member

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    They just had a shot on TV of Long Beach and LA harbors.
    Empty.
     
  13. stone6

    stone6 Well-Known Member Past Donor

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    Just another example of juggling the time line to fit his cause and effect narrative.
     
  14. Rugglestx

    Rugglestx Well-Known Member

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  15. ronv

    ronv Well-Known Member

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  16. RP12

    RP12 Well-Known Member

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    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.
     
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  17. Rugglestx

    Rugglestx Well-Known Member

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    Ok
    Scratch the stock experts on the stock site.
    Listen to keyboard commando.
    Got it.
     
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  18. RP12

    RP12 Well-Known Member

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    Obama handed him a magic wand?
     
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  19. ronv

    ronv Well-Known Member

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    Are you trying to tell me there won't be an economic hit and it's just a panic?
     
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  20. Rugglestx

    Rugglestx Well-Known Member

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    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.
     
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  21. BaghdadBob

    BaghdadBob Well-Known Member

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    IBIO whistle.gif
     
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  22. mdrobster

    mdrobster Well-Known Member

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    Yeah, apparently Democrats also control all the world markets too :)
     
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  23. TheGreatSatan

    TheGreatSatan Banned

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    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.
     
    Last edited: Feb 28, 2020
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  24. ronv

    ronv Well-Known Member

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    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.

    upload_2020-2-28_11-6-38.png
     
  25. Rugglestx

    Rugglestx Well-Known Member

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    It is.

    And panic selling is as well.
     
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