Posted on 02/27/2020 7:39:18 AM PST by knighthawk
Fox Business Network host Stuart Varney argued on Thursday that the Democrats' pushback against President Trump for his messaging on the coronavirus outbreak is fueling panic and driving down the stock market.
“What some of the leading Democrats have been saying about the president’s performance on the virus, I think they’ve been creating a level of panic here and that’s not helping the market,” Varney told, “Fox & Friends.”
“If that’s not drumming up some panic, which actually encourages the downside move for the market, I don’t know what is. Politics is a factor,” Varney said.
(Excerpt) Read more at foxnews.com ...
They’ll get Trump yet. Bastards
No,they won’t.
I have no doubt Soros, et al, are also placing bets against the market feeding it...program sells...if you see it tick up after 12:00pm, know that more shorts are coming...what these demons don’t realize is we’ll be even LESS likely to abandon PDJT as there are NO ALTERNATIVES!!! (not that I want any).
Hell I’m trying to scrape as much cash as possible to make a buy in the market. Just a question of when. In the Democrats and MSM zeal to pin anything and everything on POTUS they’ve given the nation an incredible buying opportunity into the market.
If the virus is what I believe it to be (nothing catastrophic) then what an opportunity!
If I’m wrong and the virus is a global killer what good was cash going to do for me anyways...? I’m already plenty invested in lead :)
They’ll get Trump yet. Bastards
...
You tend to be a fatalist, downer...buck up! Stop it!
I started shorting stocks monday moring. I love panicked democrats giving this Trump supporter money. This is probably my best investing week ever.
No chance.
Stocks go up and down. That’s why a Pres should never point to them as the success of their term. Everybody needs to take a breath. There will be opportunities now, and going forward. You can make money on the ups and downs. Just ensure you stay fit mentally and physically.
Disclaimer, I’m just a concerned observer, not an expert. I think the market was overpriced, and traders were looking for an excuse to pull back. It looks like it’s going to be a bumpy ride down a bit, then it will level off. If the economy remains strong, and the msm doesn’t scare the bejabbers out of consumers, the market will regain momentum.
That’s my 2 cents.
I believe that cv19 is mostly a nothing burger here. The problem of course is that what I believe does not matter, the majority seem to think it is a disaster and the rats and media are pushing that along.
If I had any free cash I’d be looking for the buy signal. I thought it was yesterday but then today comes along. We are right back where we were two years ago now and may go below that. I thought yesterday was nearing bottom if things did not get worse. Can you imagine what will happen if it really does get bad? I can’t.
I could not tell if Trump was pissed or stressed or both last night but he was not happy at all. Maybe it was having to do a press conference trying to calm things down. A press conference was a big deal for him. He has not had one in quite some time and likes it that way. The press does not. He danced around some of the questions and did not answer others but instead answered something else. I did not think he was at his best on some questions. I also thought the bashing of the rats while appealing to work together was just not the best idea he has had. No doubt they are sobs though.
I don’t believe anyone can rationally time the market successfully very often or at all because the market is mostly just an emotional train wreck in the short term. This fall is predictable and each fall like this is cliff-like with a long slow slog back up. It will probably take a year or more to recover from where we are now if nothing else bad happens and we have an election to go through still. I am not so sanguine that Trump will win against whomever. I know he should but the sheeple are as emotional about politics as they are about stocks.
The days of 8% averages are a memory, the days of 12% on GICs are gone, 6% rules the day if we are lucky and my 6% annuities look pretty good right now but I still wish they had been 7%.
And I believe the market had just returned to the mean after recovering from 2008.
Thank G_d I’m healthy and still able to work and look forward to the next bull market.
There will always be a need for bit grovelers.
Time to _everyone_ to stop blaming everyone else...seriously...
While the likely spread of coronavirus will cause some effects on the US economy, I believe Bernie Sanders winning in November 2020 would cause a much greater and longer-lasting blow and to our economy. His spending promises and taxing plans are downright communist when put into law.
Of course. They see an opportunity to destabilize the social order. Any reason will do. Then they will blame the resultant disorder on Trump and go for a USA Communist revolution.
Do not doubt me.
I always thought there’d be a major effort to tank the markets hard in 2020, just to hurt Trump’s re-election chances.
Problem is, I never expected it in February. Thought it’d be August at the soonest.
Most people didn’t fall for the previous attempts to cause a stampede to the exits..”Yield Curve Inversion!” “Recession Coming!” etc etc etc
Now, it’s “OMG!! Cornavirus! RUN FOR THE EXITS, everyone!”
And it appears to be working. Rat ba$stards.
The market (investors) was/is looking for an excuse to correct a bit. This virus news, short and possibly intermediate term supply chain interruptions, and a communist candidate for POTUS are all a factor. When major American companies like PG, Apple, Microsoft, Nike, etc, warn they may not be performing to expectations, and entire sectors like Airlines, Cruise lines, Shipping, Tech, Automotive and others are revising downward due to actual interruptions to business operations, that is not “fear mongering”.
I’m not saying there isn’t some fear mongering going on, just that it has almost no impact on the market compared to real world factors.
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