Wrong.....the noble Obama stepped up to reassure Americans during the Ebola scare (snix).
Posted on 03/09/2020 10:06:26 AM PDT by SeekAndFind
Have China and the Monica media succeeded in pinning corona on Trump yet?
Depends on who you talk to. For many on this site, yes. But for me, no. I refuse to play the msm’s game.
Why does Saudi Arabia slashing crude oil prices cause the stock market to tank?
I can see how it would hurt other exporters like Russia, but in general, low energy costs should be a good thing, right?
So much speculation back and forth on the virus. Who knows?
My guess is that the media saw a virus outbreak and tried to “talk down the economy”. Real panic occurred in some places with unfortunate impacts to things like tourism in Italy. An unintended consequence. But the media had hoped that supply chains would be disrupted and cause a recession in the US.
But the virus may be fizzling and the US economy remains strong. Unemployment rates are stellar and interest rates have dropped.
OK, time for an Oil War between Saudi Arabia and Russia. Maybe that will cause a US recession. Maybe that will get Trump. And while the market reels from the big drop in oil prices, the media can nonsensically double-dip and say “If Trump hadn’t botched the virus, this wouldn’t be happening.”
Just part of the game, people place bets up or down on market direction and gamble on what it will do
So if the “market” can be driven down the lemmings see a motion and pile in
Buying opportunity based on true value of the issue you are investing in.
Sort term pain, long term gain
Let’s just put it this way if Obama were President, just like in 2009-2010, you would hear NOTHING about it.carry on and live your lives
People need to be listening to Rush today, he’s nailing it.
I hope he has good ability to shelter in place.
He’s probably one of the at risk types for Corona
there are major members of both the DJIA and SPX that are big-time oil producers — Chevron and Exxon among the examples.
These and numerous other major members of those 2 stock indices have helped to drag the market down because they need oil prices to remain at certain levels to hit the Wall Street profit and revenue targets.
So there is a fundamental reason for oil prices to nosedive, and for the stock market to nosedive
For President Trump, the reelection game will boil down to a mere few — yet difficult to predict — metrics
1. how is the job market doing
2. how are hourly wages doing
3. perceived effectiveness of leadership
4. self-perception of how one is doing financially
The main good news for the current woes is it is March and not early October.
As an aside — somewhere along the way Matt Drudge became a never-Trumper? In 2016 and 2017 Drudge was a big-time ally of Trump.
Everyone, CHEAP ENERGY CRASHES THE STOCK MARKET!!!
Factor that into your “market” fears about the Wuhan Virus.
Two reasons:
First, a frightening amount of stock market volume represents trades made by high speed algorithms. The algorithms look at certain input and make trades based purely on data, sometimes to gain fractions of a penny per share, but at very high volume. This mechanism can cascade if the market gets some unexpected news.
Second: stock market behavior is not logic based, it's fear based, and since low interest rates have collapsed some more diversified portfolio holdings and varied hedge strategies, any instability in the stock market causes firms to panic and do pretty much the same thing. Without different firms pursuing different strategies and spreading wealth around to different funds and holdings, the booms are bigger and the busts more pronounced.
Talk about bad timing! These economic swings are way to early to impact the November election. Now, I’m all for bad timing on the part of liberals because all of this drama will be for naught. Come November, things will be very different and we’ll have a President who has successfully navigated these ‘trumped’ up panics.
Buy selected equities on the way down.
Not worried about Saudi-Russia oil price war. US Oil is still in play even though it costs more to extract than in Saudi Arabia.
US Oil industry suffered deliberate attacks by Saudi Prince Al-Waleed bin Talal who saw US fracking technology pose what he called an existential threat to Saudi oil revenues more than 10 years ago. He deliberately caused Saudi oil production to surge and flood US ports with cheap oil in order to bankrupt the nascent US domestic oil producers and put them out of business. What he did not understand is that most US fracking oil producers are family run and they simply turned their pumps off and went back to their mainstay business of ranching and farming. So the most Al-Waleed accomplished was a suspension not a bankruptcy. There were some bankruptcies but not on a scale to make the emerging US oil production a bust.
So now why is US Oil still intact?
To protect domestic oil supply from bankruptcy or loss by plummeting Saudi oil prices, President Trump can slap a tariff on Saudi oil imports and channel the tariff revenue back to oil distributors so that pump prices go lower.
He can also use the tariff revenues to offset the price of US oil exports to be more competitive with world pricing.
I love President Trump. He has shown all of us how to fight back and win!
If the oil price is too low (that is, what people buy it at to make the energy) then the suppliers and producers lose money and investors won’t invest in a losing product. Thus no more development, abandonment of current activities, etc.. It’s a giant sucking sound.
The oil industry in Texas - with the thousands of people who work in it - is very concerned, this isn’t a “just on paper” loss.
Is Obama still taking credit for the economy, or did he crawl back into Reggie’s hole?
Wrong.....the noble Obama stepped up to reassure Americans during the Ebola scare (snix).
“If the oil price is too low (that is, what people buy it at to make the energy) then the suppliers and producers lose money and investors won’t invest in a losing product. Thus no more development, abandonment of current activities, etc.. It’s a giant sucking sound.
The oil industry in Texas - with the thousands of people who work in it - is very concerned, this isn’t a “just on paper” loss.”
That’s one take on it. The other is that there is far more money outside of the oil industry than inside it. The cost of energy factors into a far larger economy and percentage of GDP and jobs OUTSIDE of oil. The cost of oil impacts the cost of all other energy, from dorky windmills to nuclear power.
The “loss” you’re talking about in the oil industry really IS “paper”, just as much as the stock market is. We have had presidential dynasties dedicated to propping it up. This has been to the detriment of the entire rest of the American economy.
I believe that history has shown that energy costs can never be too low. (Assuming you’re willing to put up with the pollution.)
Trump should not comment on things he doesn’t understand. It was a mistake for him to link his presidential performance to the stock markets to begin with.
Forget Ebola..remember the swine flu, killed 19,000 Americans..Obama didnt even declare a state of emergency til over 1,000 Americans dead..did the stock market plummet, of course not..did the commie media talk about it, of course not..if ANY Dem were President now you wouldn’t be hearing about this virus it would be “Virus, what virus”
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