This plunge looks a lot like the ones that rocked stocks in 1929, 1987 and 2008...

Discussion in 'Coronavirus (COVID-19) News' started by Canell, Mar 11, 2020.

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  1. MrTLegal

    MrTLegal Well-Known Member

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    I assumed contradicting the logic of your rational argument was enough of a denial that I did not need to deny the irrational argument that you were trying to make as well. But if you want, no, my post was definitely still valid and was a rational condemnation of Trump. Glad I could help.

    But if you want to really focus on percentile drops, it looks like Trump is going to own two of the top 5 (3 of the top 20) worst single day percentile drops in US history.
     
    Last edited: Mar 16, 2020
  2. struth

    struth Well-Known Member

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    MtLegal and the left are desperate, they know they can’t beat trump on the issues...they have pulled all the stops out. Now they are blaming a virus from socialist China on him...it’s pathetic
     
  3. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Huh? :roflol:

    The Market has LOST Almost 9000 Points in Less than 5 Weeks.

    Trump 100% OWNS This Crash

    Thanks alot, Trump!:smh:
     
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  4. mudman

    mudman Well-Known Member

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    You didn't contradict my logic. You tried by using something completely invalid.

    Again, expecting objectivity and rational thought from the left just isn't going to happen.
     
  5. mudman

    mudman Well-Known Member

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    No he doesn't, not at all.

    Everybody, including you, knows exactly what is causing the current drop in the stock market and it is completely independent from trump.

    You'll never admit it because objectivity and rational thought aren't going to happen from the left.

    The left is desperate to criticize Trump and will do anything to win in November.

    Politically, the left is cheering on this crisis and loving the possibility of americans suffering hurting trump in november. Many on the left have already said that they would like to see the economy tank and americans suffer if it means getting trump out of office so please don't attempt to deny this.
     
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  6. jay runner

    jay runner Banned

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    That's what Bill Maher said, but I don't think he had a worldwide pandemic of Wuhan Wet Market Virus in mind -- so he should have been more careful with what he wished for when he rubbed the lamp.
     
  7. MrTLegal

    MrTLegal Well-Known Member

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    I don't see you commenting on the fact that he is likely to own 3 of the top 20 worst percentile drop days.
     
  8. struth

    struth Well-Known Member

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    How does he “own” it? What did he do that caused it?
     
  9. MrTLegal

    MrTLegal Well-Known Member

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    He owns because he failed to inspire confidence in America's ability to respond adequately to this virus and by lying so many ****ing times over the last three years that no one believes him when he says things like, "We have this virus completely under control."
     
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  10. struth

    struth Well-Known Member

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    There is plenty of confidence...the problem in case you didn't notice was Socialist China, which manufactors a LOT of goods, was in a crisis.....that spread to the EU, which buys a lot of goods. The stock market is global, it's not just the US economy...which is fine by the way. This is a simple dip because o the virus, it's not a reflection of the overall economy.
     
  11. MrTLegal

    MrTLegal Well-Known Member

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    What's your estimate for the GDP in the 2nd quarter?
     
  12. struth

    struth Well-Known Member

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    Not good....Socialist China created a virus, and Trump has done all he can in the US to keep it from spreading, which has hurt trade
     
  13. Canell

    Canell Well-Known Member

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    Invented and released the Corona virus. :rock_slayer:
     
  14. struth

    struth Well-Known Member

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    Gotcha
     
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  15. Canell

    Canell Well-Known Member

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    Make America Corona virus and Liberal free again. :lol:
     
  16. MrTLegal

    MrTLegal Well-Known Member

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    I don't see "plenty of confidence" in this post
     
  17. struth

    struth Well-Known Member

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    Well then you misunderstand it, which I am beginning to see is a trend with you. I have plenty of confidence in the economy and that we will bounce back in the coming months.
     
  18. MrTLegal

    MrTLegal Well-Known Member

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    Unfortunately for your prediction and for Trump, most voters make an evaluation about their confidence in the economy right around April or May.

    That's why Bush Sr. lost on the economy even though the economy was doing quite well in the months immediately before the 1992 election.
     
  19. struth

    struth Well-Known Member

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    The economy will continue to be strong in April and May. Don't worry...well actually maybe you should...and obviously you are the DNC is quite desperate.
     
  20. Cubed

    Cubed Well-Known Member Past Donor

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    *communist China*

    And the issue wasn't that Trump started the Virus, it's that Trumps words did nothing to calm the markets, which is something a US POTUS would be able to do to some degree if he had a shred of credibility left. He doesn't. Therefore, there is no confidence in the Market that the US will be able to respond in a way that shows them they shouldn't sell
     
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  21. Canell

    Canell Well-Known Member

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    DOW down 12.93% (nearly 3K points) for the day. :icon_jawdrop:
     
  22. PPark66

    PPark66 Well-Known Member

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    No confidence. We’ve really got to up our game. This a public health crisis and history doesn’t hammer an over reaction only under reactions. The latter is where we are way behind the curve.
     
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  23. mudman

    mudman Well-Known Member

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    Like i said in another post, we all know what's causing the market to go down and it's totally independent from trump. You and everybody else knows it but once again, you won't be objective because hatred for trump runs your life and takes precedence over all else.
     
  24. MrTLegal

    MrTLegal Well-Known Member

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    Trump wanted praise for the stock market's rise because he inspired confidence and a belief that the government would fully support the market.

    Trump gets condemnation for the stock market's collapse because he failed to inspire confidence and a belief that the government can not support the market.
     
  25. fmw

    fmw Well-Known Member

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    This plunge looks a lot like the ones that rocked stocks in 1929, 1987 and 2008...

    It looks worse than some of them. However they were set off by financial problems. This one was set off by an epidemic. Because of the strong economy, we will weather it better than we did the others.
     

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