Posted on 06/12/2020 5:50:24 AM PDT by SeekAndFind
Instead of blaming a significant domestic terrorist takeover of a major city for a stock market collapse Thursday, the pundits and analysts are continuing their three-month-long talking points about COVID-19 to scare the public. They say we are worried about a second surge.
The terrorist takeover of Seattle, a city with many large corporate headquarters, is hardly covered at all. That's a far more major reason. The market fell more than 6% overall but Boeing, a huge company with major activities in Seattle, fell 12%. Think there was no connection?
Radio/television host Hugh Hewitt asked NBC's puppet Chuck Todd what was more important, the Seattle takeover or COVID-19. Like a dutiful dog, Todd said COVID-19 because that is what the left wants the public to think. Truth hasn't mattered for a long time. Look how they bury the massive stories of corruption of the Obama Justice department.
To show how little reporting by major networks there was of the problems in Seattle, Gov. Jay Inslee of Washington said it was news to him. That should give Washington residents great confidence in his governing ability.
As for COVID-19: Every day the media hypes up the number of deaths and cases. Today the big number is that there have now been two million cases in the U.S or a whopping 6/10th of 1% of the population, despite massive testing. Two million includes people who were tested who have no symptoms. The two million is an average of around 20,000 per day for the last 100 days. To put the two million in perspective, I read that there were 60 million cases of the swine flu in the U.S. and there were no daily dire reports. CDC did not dictate that any death remotely associated with swine flu be attributed to swine flu.
(Excerpt) Read more at americanthinker.com ...
Stocks are not reacting to anything. Stocks are completely manipulated to enrich someone at the top and especially members of Congress who are taken care of like Hillary was with cattle futures.
No, it was Covid, the Fed predictions, and some profit-taking. Seattle didn’t enter in to it.
The terrorist takeover of Seattle
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How long before another “zone” like this pops up in another city? How many more in the next month?
I know people who work for the NIH, and they state that an internal conference call was held Wednesday. On that call a few “experts” in the federal government who have analyzed the cases in Asia believe there will be a 2nd COVID-19 spike of cases in the US in August. Pure speculation. However, this info must have been leaked to Wall Street. The information spread like wildfire. Wall Street reacted out of fear.
Exactly. Stocks fell mostly on the Fed comments from Wednesday PM (after selling off nearly 300 points that day alone, followed by yesterday’s bloodbath).
Big increases in the COVID numbers also spooked investors as that’s likely to cause a slow-down in the re-opening, or perhaps even lead to further lockdowns/restrictions.
The market hates uncertainty, and we got boatloads of increased uncertainty in the last 48 hours.
Seattle is a giant cluster and Trump needs to step in to fix it ASAP, but I seriously doubt yesterday’s market action had much of anything to do with Seattle.
Boeing has plenty of other problems. Airlines delaying delivery because they don’t need the planes, lawsuits from the disastrous crashes for example. This CHAZ tempest in a tea pot will fall apart all on its own.
Stupid article and stupid analysis if they think the market cares about Seattle.
That makes more sense, and we are getting something in Texas as we open up. As far as Seattle goes, most investors don’t even know about it, and most that do understand it’s simply a tantrum that will quickly run its course.
Doesn’t take much of a “leak”..the numbers are pretty much public knowledge and there are increases reportedly happening in many states across the country - including some like Florida who never seemed to take things that seriously to begin with, and Texas who has a “open the economy back up ASAP at all costs - if we lose some old coots in the process, so be it” approach.
No, it was Covid, the Fed predictions, and some profit-taking.
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The bounce back was too sharp and valuations were still high so I have been taking some money off the table and raising cash.
At some point there will be an effective treatment for this virus. That will alleviate a lot of the anxiety and could give the market a significant lift. JMHO.
Futures are up Friday morning by 2% as I type
RE: Stupid article and stupid analysis if they think the market cares about Seattle.
It’s NOT just about Seattle. If this is is allowed to go on indefinitely in one of America’s major cities, who’s to say it won’t embolden the activist leftists to do the same in other major liberal cities all led by weak Democrat mayors?
Madison, Minneapolis, Portland, Los Angeles, etc. and the biggest prize of all — New York City! <-— There’s your stock market for you and of course, your 401K and your retirement.
2,400 point drop off the high in three days. Pretty substantial fall in such a short period of time.
Yeah, I’ll say...
Dow Futures right now...+582.
"Mortgage rates plunged well into new all-time lows today. (Thurs) This is a striking turn of events given the vastly different outlook at the end of last week. Specifically, a series of strong ..."
If the market rallies today it will be because Joe Biden said something great.
I am almost 70 years old and have all my savings in the stock market.
Yes that was dumb and given time I shall take care of it.
But I watched my lifelong savings drop down over 20% and I chewed my lip.
Last week the stock market was rising every day, not by a whole lot, but going up. This past Monday the market was up to 27,300, about what it was a year ago. I picked up that phone toot de sweet and told my guy to get me $10,000 cash, which I do every couple years.
Well that’s why I have the savings.
Then it starts going down and down and praise the Lord I got enough out to last me for a couple of years, or until I must make withdrawals, which is now 72 someone told me.
Man, I am no stock market specialist but in one day I made the perfect move, selling when the market was high.
I told my guy I would soon be moving the rest of my money out of the stock market and the next day, boom it starts dropping. But now I can wait it out because I really believe that by Christmas of this year the stock market will be high again.
Just a bit of stock market serendipity.
Probably less than Seattle and more to do with the total abandonment of the police . How can you run a business in a location where the local government will give police stand down orders and let your store get looted
I have another 10-20 years till I retire (my wife keeps pushing it out LOL)
So with a steady income I’m taking more risk with my stock account. I only deal with dividend stocks, but using margin (more then paid for by the dividends) to a large extent. That extra leverage is apparent on both the up and down swings. I’ve been buying throughout since March and have basically gone “all in”. Yesterday was a hiccup but late March was when I was really puckering with a couple margin calls.
My retirement stuff (401k and IRAs) is in index funs mainly and will sit there without any manipulation till retirement time.
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