I'm scared that the media and Democrats will have the people so scared to vote Biden because of the stock market tanking making it seem it's because of Trump. Will the market correct itself anytime soon?
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I'm scared that the media and Democrats will have the people so scared to vote Biden because of the stock market tanking making it seem it's because of Trump. Will the market correct itself anytime soon?
Calm down pede, November is months away and Trump is showing he can step up with strong action in a crisis. I hope those bipartisan payroll tax cuts get passed soon.
Yes, after flu season ends which is thankfully soon.
My advice to you is look at the primary voting results so far...during peak hysteria just this Tuesday Trump got the most votes in many areas than any incumbent or non-incumbent candidate; some areas he had 3x more than any candidate ever has. Most of America is seeing through this charade.
Why would people think Biden, a senile old man who half the time doesn't know where he is or what he is saying, could help the stock market? Why would people think a creepy perv, that likes sniffing children and has openly told people that he liked kids rubbing his legs, would help the stock market?
I ask this as it seems common sense, but then again people are buying up all the toilet paper for a respiratory disease... so I cannot reassure you.
I think it will
Just read a chinese top scientist who did great job on Sars saying by June it could be over
Markets should be bouncing back after that
Trump always owns the downside. What is obviously a bad situation in an election year could be a blessing in disguise if he shows great leadership and steers America through this crisis
It’s time to hold your head up regardless of the President. In 2025 we will have an establishment candidate regardless and will need to have the self confidence to remain true to ourselves and fellow Americans.
Turn off the news, live your life and be secure. You can do it.
The stock market will be back at 30,000 once Coronavirus slows.
And this should force the pharmaceutical industry to locate production to allies.
More than 90% of US drugs are manufactured or have components made in Chinese factories. Something like 95% of our antibiotics are MADE IN CHINA.
Obama cut the tax benefits for drug production in Puerto Rico and virtually all factories were shuttered.
The US must have greater control over who makes our pharmaceuticals. Trump can (or might have already) require domestic production with war powers act.
Hang on, Pede.
Hold on tight, its going to be a bumpy ride!
There is plenty of time until the election. Don't worry.
You can't just turn the economy off for a month or two (or longer), turn it back on, and expect everything to be fine
Their plan has so far succeeded
The one flaw is that they picked an Alzheimer's patient as their candidate
Yes, you can, just turn the economy back on. What's going to happen in a month, I'd say, or two at most, after the flu season ends, virus quiets down, is that companies will start placing orders, big time, to replace depleted stocks. Trump just met with bankers, who are telling him they're fine. I.e., they'll have the money to loan companies to make these orders. Consumers, who've been reducing their purchases, will start buying again. Once that happens, everything gets back on track. Normal investors, assured that no collapse is forthcoming, will start buying discounted stocks. At this point, we're off to the races.
I'm not an economist, but would certainly like to hear from one who can explain why this might not happen.
Of course. Stock market numbers are a lot like refit karma.
As long as you don’t sell, you haven’t lost anything. Good time to buy, if you’re into the markets.
Markets always recover and over time, always go up.
If you’re a retiree, living off your 401k... well, then that sucks. But most people here aren’t in that position.
This is your opportunity to get in low. “If only I had bought xxx at yyy I’d be rich now!”
Well, this is the low time.
Can it go lower? Sure. I didn’t think it would be down another 2k today. But it seems our POTUS speech has a lot of people concerned that this is serious and people are going to be staying home for a few weeks soon.
But after that, it’ll probably be up and up some more. I guess it’ll be fully recovered at end of 2021.
But if I was a stock genius, I probably wouldn’t be typing here. ;)