Trump Seeks To Calm Markets

[OldLady]

The stock market isn’t the economy. It’s a casino.

Pretty much.

I've never understood the connection people make with the stock market and the economy. It's baffling to me. The stock market doesn't in any way reflect the actual economy. The stock market is completely counterfeit.

Where do you think big banks and the insurance industry invest their money? When the stock market crashed in 29, banks went belly up. Do we have to bail those suckers out AGAIN?

 

[OldLady]

The stock market isn’t the economy. It’s a casino.

Pretty much.

I've never understood the connection people make with the stock market and the economy. It's baffling to me. The stock market doesn't in any way reflect the actual economy. The stock market is completely counterfeit.

I wouldn’t go that far. The stock market isn’t completely unrelated to the economy but it is prone to skittish behavior like we are seeing. Just because the market tanks does not necessarily mean we are in recession.

Losing over 2,000 points in one day isn't "skittish." Not after steady overall losses for two weeks.

 

[OldLady]

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

We aren’t in a recession. Seems a little premature to me.

We are heavily tilting toward a recession. Europe is probably already in one, they just don't know it yet.

And if oil stays below $50, Russia will be in a recession if they aren't already.

China's PMI for February was 35.7. That's a real shit show.

And the Dow has lost about 18 percent from its high. Some of the other markets have been dipping in and out of bear territory. The Dow was within 50 points of bear territory this morning.

So don't be whistling past the graveyard. It is best to be prepared.

Are we? The stock market isn’t the economy. It’s a casino.

You said things about a lot of other economies which are not us. We aren’t a petrol state like Russia. We haven’t been affected in the way China has.

I think it’s premature to declare a recession just because the stock market dropped.

That's true, but we may be watching history as the Stock Market tanks and people keep saying "Aw, it's okay." Maybe it will be okay, but what good news is going to save it, now that the Corona virus has hit the mainland and schools and businesses and even the government is taking action to close or minimize travel and meetings and closing schools.....it's going to disrupt the economy further and I don't see the virus being halted in its tracks overnight.

 

[colfax_m]

The stock market isn’t the economy. It’s a casino.

Pretty much.

I've never understood the connection people make with the stock market and the economy. It's baffling to me. The stock market doesn't in any way reflect the actual economy. The stock market is completely counterfeit.

I wouldn’t go that far. The stock market isn’t completely unrelated to the economy but it is prone to skittish behavior like we are seeing. Just because the market tanks does not necessarily mean we are in recession.

Losing over 2,000 points in one day isn't "skittish." Not after steady overall losses for two weeks.

Maybe I’m just really out of the loop but I haven’t really seen any actual economic data to explain such sharp losses.

Which is why I would label it as skittish. They’re operating of fear rather than data.

 

[Papageorgio]

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

Nah. You're reading too much into this. Between 50,000 and 70,000 people die from the flu every year. And yet life goes on.

Covid-19 is at least ten times more fatal than the flu.

If it is not contained, or does not die out on its own, we are looking at millions of deaths in the US.

Much like the flu, the people at risk for death are the elderly and those that have chronic diseases. Millions? I don't think so. I also watched some of Lou Dobbs tonight, and one guest claims a company has a vaccine, however it takes almost a year of red tape to have it approved for the market. I'm just assuming they are working 24/7 to get all the testing and paperwork completed.

You can be 99 percent sure anything you hear on Lou Dobbs is unadulterated horseshit.

How can we be sure about your unadulterated BS?

 

[Natural Citizen]

Maybe I’m just really out of the loop but I haven’t really seen any actual economic data to explain such sharp losses.

All that's really required is a fundamental understanding of economic theory and monetary policy.

Any data would be a distortion anyway.

 

[Natural Citizen]

That's true, but we may be watching history as the Stock Market tanks and people keep saying "Aw, it's okay."

What we're witnessing are the last days of the Fed. It's clearly demonstrating that it has lost the ability to control the cost of money.

 

[g5000]

I suspect the stock market will react positively to this development. I hope so.

Stocks are rallying in the final hour of trading as Wall Street measures fiscal stimulus prospects

Woo hoo!

 

[Harpy Eagle]

I suspect the stock market will react positively to this development. I hope so.

Stocks are rallying in the final hour of trading as Wall Street measures fiscal stimulus prospects

Woo hoo!

Would be nice if they were going up based on information and not just hopes. but I guess we have to take what we get

 

[colfax_m]

I suspect the stock market will react positively to this development. I hope so.

Stocks are rallying in the final hour of trading as Wall Street measures fiscal stimulus prospects

Woo hoo!

What’s to celebrate exactly?

 

[g5000]

I suspect the stock market will react positively to this development. I hope so.

Stocks are rallying in the final hour of trading as Wall Street measures fiscal stimulus prospects

Woo hoo!

Would be nice if they were going up based on information and not just hopes. but I guess we have to take what we get

There are still no specifics. But you can be sure they will be terrific, and big, and beautiful, and better than anyone has ever done before.

 

[g5000]

I suspect the stock market will react positively to this development. I hope so.

Stocks are rallying in the final hour of trading as Wall Street measures fiscal stimulus prospects

Woo hoo!

What’s to celebrate exactly?

The Dow is surging. That's what. Bigly.

 

[colfax_m]

I suspect the stock market will react positively to this development. I hope so.

Stocks are rallying in the final hour of trading as Wall Street measures fiscal stimulus prospects

Woo hoo!

What’s to celebrate exactly?

The Dow is surging. That's what. Bigly.

Surging seems like a dramatic way to put it.

Seems like an admission of economic weakness.

 

[OldLady]

The stock market isn’t the economy. It’s a casino.

Pretty much.

I've never understood the connection people make with the stock market and the economy. It's baffling to me. The stock market doesn't in any way reflect the actual economy. The stock market is completely counterfeit.

I wouldn’t go that far. The stock market isn’t completely unrelated to the economy but it is prone to skittish behavior like we are seeing. Just because the market tanks does not necessarily mean we are in recession.

Losing over 2,000 points in one day isn't "skittish." Not after steady overall losses for two weeks.

Maybe I’m just really out of the loop but I haven’t really seen any actual economic data to explain such sharp losses.

Which is why I would label it as skittish. They’re operating of fear rather than data.

didn't they say yesterday's drop was due to the drop in oil prices?

 

[g5000]

The stock market isn’t the economy. It’s a casino.

Pretty much.

I've never understood the connection people make with the stock market and the economy. It's baffling to me. The stock market doesn't in any way reflect the actual economy. The stock market is completely counterfeit.

I wouldn’t go that far. The stock market isn’t completely unrelated to the economy but it is prone to skittish behavior like we are seeing. Just because the market tanks does not necessarily mean we are in recession.

Losing over 2,000 points in one day isn't "skittish." Not after steady overall losses for two weeks.

Maybe I’m just really out of the loop but I haven’t really seen any actual economic data to explain such sharp losses.

Which is why I would label it as skittish. They’re operating of fear rather than data.

didn't they say yesterday's drop was due to the drop in oil prices?

The drop in oil prices was a direct result of the drop in trade due to the coronavirus.

 

[Nostra]

I suspect the stock market will react positively to this development. I hope so.

Stocks are rallying in the final hour of trading as Wall Street measures fiscal stimulus prospects

Woo hoo!

You saw this coming days ago, right?

 

[Ray From Cleveland]

We aren’t in a recession. Seems a little premature to me.

We are heavily tilting toward a recession. Europe is probably already in one, they just don't know it yet.

And if oil stays below $50, Russia will be in a recession if they aren't already.

China's PMI for February was 35.7. That's a real shit show.

And the Dow has lost about 18 percent from its high. Some of the other markets have been dipping in and out of bear territory. The Dow was within 50 points of bear territory this morning.

So don't be whistling past the graveyard. It is best to be prepared.

Are we? The stock market isn’t the economy. It’s a casino.

You said things about a lot of other economies which are not us. We aren’t a petrol state like Russia. We haven’t been affected in the way China has.

I think it’s premature to declare a recession just because the stock market dropped.

That's true, but we may be watching history as the Stock Market tanks and people keep saying "Aw, it's okay." Maybe it will be okay, but what good news is going to save it, now that the Corona virus has hit the mainland and schools and businesses and even the government is taking action to close or minimize travel and meetings and closing schools.....it's going to disrupt the economy further and I don't see the virus being halted in its tracks overnight.

It doesn't have to stop in it's tracks. All we need is some positive news about it, such as better and faster testing, the virus dying off on it's own with warmer weather, government trying to fast track new vaccines and so forth. China is already reporting another low in new coronavirus cases.

 

[Ray From Cleveland]

The stock market isn’t the economy. It’s a casino.

Pretty much.

I've never understood the connection people make with the stock market and the economy. It's baffling to me. The stock market doesn't in any way reflect the actual economy. The stock market is completely counterfeit.

I wouldn’t go that far. The stock market isn’t completely unrelated to the economy but it is prone to skittish behavior like we are seeing. Just because the market tanks does not necessarily mean we are in recession.

Losing over 2,000 points in one day isn't "skittish." Not after steady overall losses for two weeks.

Maybe I’m just really out of the loop but I haven’t really seen any actual economic data to explain such sharp losses.

Which is why I would label it as skittish. They’re operating of fear rather than data.

didn't they say yesterday's drop was due to the drop in oil prices?

Yes, China and Russia are in an oil war right now.

 

[kyzr]

I suspect the stock market will react positively to this development. I hope so.

Stocks are rallying in the final hour of trading as Wall Street measures fiscal stimulus prospects

Woo hoo!

What’s to celebrate exactly?

The Dow is surging. That's what. Bigly.

Surging seems like a dramatic way to put it.

Seems like an admission of economic weakness.

There was no economic weakness before the virus hit.
What we don't know is how the virus will affect earnings or stock prices.
Have a few weeks of tap dancing before we can say we're back to normal.

 

[kyzr]

Pretty much.

I've never understood the connection people make with the stock market and the economy. It's baffling to me. The stock market doesn't in any way reflect the actual economy. The stock market is completely counterfeit.

I wouldn’t go that far. The stock market isn’t completely unrelated to the economy but it is prone to skittish behavior like we are seeing. Just because the market tanks does not necessarily mean we are in recession.

Losing over 2,000 points in one day isn't "skittish." Not after steady overall losses for two weeks.

Maybe I’m just really out of the loop but I haven’t really seen any actual economic data to explain such sharp losses.

Which is why I would label it as skittish. They’re operating of fear rather than data.

didn't they say yesterday's drop was due to the drop in oil prices?

Yes, China and Russia are in an oil war right now.

That makes no sense to me?! Its like two billionaires arguing who is burning a bigger pile of cash?? WTF??