Posted on Mar 11, 2020
Markets Plunge as Trump Lies About Coronavirus Response: A Closer Look
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Office of the President (POTUS)Centers for Disease Control and Prevention
Humor Office of the President (POTUS)Centers for Disease Control and Prevention
Posted 4 y ago
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As an investor, I see this as an opportunity to buy.
Anyone who thinks that the President affects the market to this extent is a fool.
The primary issues in the market right now are twofold - a price war between Russia and OPEC in regards to oil production, and coronavirus concerns breaking down supply chains for manufacturing and disrupting the travel, tourism, and service industries.
Those issues are temporary, and the market will rebound.
Anyone who thinks that the President affects the market to this extent is a fool.
The primary issues in the market right now are twofold - a price war between Russia and OPEC in regards to oil production, and coronavirus concerns breaking down supply chains for manufacturing and disrupting the travel, tourism, and service industries.
Those issues are temporary, and the market will rebound.
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1SG (Join to see)
Capt Gregory Prickett - The President can set policies that benefit the market to a point, but what the market really craves is stability. Even unfriendly stability is more favorable to investors and companies than instability and uncertainty.
The big deal with COVID-19 is that no one know what effect it will have on supply chains for manufacturers. I think the effect on airlines and service industries is far more predictable and is now priced in for the market.
The big deal with COVID-19 is that no one know what effect it will have on supply chains for manufacturers. I think the effect on airlines and service industries is far more predictable and is now priced in for the market.
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The markets plunged because of the spread of the virus and general panic over it. The market reacted much like idiots that are hoarding toilet paper and soap right now. If you can believe the Chinese, they appear to have things under control and SK appears to perhaps be reducing new cases. This is not nearly as big a deal as the markets and people's panic indicate. This is much like the peoples reaction to a hurricane coming. I see it every single hurricane season here in Florida.
The market took the big hit on Monday due to the Russian/Saudi oil negotiations breaking down and the market being flooded with crude and driving the price per barrel down. It has had nothing to do with anything Trump said. He has the best people in the country working on this and you know it and yet choose to exaggerate for political purposes. Who is not working on this that you think should be? What is not being done that you think we should be doing other than listening to late night marginal comedians?
The market took the big hit on Monday due to the Russian/Saudi oil negotiations breaking down and the market being flooded with crude and driving the price per barrel down. It has had nothing to do with anything Trump said. He has the best people in the country working on this and you know it and yet choose to exaggerate for political purposes. Who is not working on this that you think should be? What is not being done that you think we should be doing other than listening to late night marginal comedians?
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Maj Robert Thornton
Plus,the markets have been poised for a correction for quite some time. This was obviously the time.
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