Markets Recovery... (we were due for some jawboning)

Discussion in 'Politics' started by Scataphagos, Feb 26, 2020.

  1. "... Trump To Hold News Conference At 6pmET To Dispel Media's "Fake News, Panicking" Over Virus Outbreak..."

    Apparently Trumpy is gonna try to persued us all that our concerns about Covid-19 are all just "fake news".... so that we'll BTFD!


    I suspect Trump will soon come away with egg on his face here. We certainly do NOT know enough about it at this point to conclude, "it's no biggie".... as Trump would want us to believe and behave accordingly.

    https://www.zerohedge.com/political...edias-fake-news-panicking-over-virus-outbreak

    "... Coronavirus reaches every continent except Antarctica..."

    https://nypost.com/2020/02/26/coron...nt-except-antarctica-as-brazil-confirms-case/

    After initially thought to be "contained to Wuhan, China", the virus has already spread "around the world"... and Trump wants us to dismiss the potential risk as "no worries"? Of course Trump wants the markets to "be on high and soaring" going into the election... but will/should we dismiss all risks to allow for that?
     
    Last edited: Feb 26, 2020
    Buy1Sell2 likes this.
  2. Wallet

    Wallet

    Wait till he talks, see actually what he says. Stopped by the grocery store yesterday, saw several people already wearing face masks, even one cashier.

    Needed couple of parts for a faucet, thought I’d pick up a couple more n95 masks for family friends if needed while at the local Lowe’s - nearly sold out.

    There’s an underlying panic brewing from a lack of information about this bug. Partly to blame on the lack of transparency from China and not having enough data. But all we hear is the bad coming out of China, S Korea, Italy.

    So some level headedness, actual info in how to properly plan, what to expect, what the government is doing, will be helpful.
     
    Buy1Sell2 likes this.
  3. Cuddles

    Cuddles

    "COVID-19 is a fake news conspiracy perpetrated by the Chinese, believe me!"
     
    Bugenhagen likes this.
  4. Bugenhagen

    Bugenhagen

    Waiting for senior CDC staff to resign just after.
     
    Last edited: Feb 26, 2020
  5. UsualName

    UsualName

    The problem with Trump is that he has been living on borrowed time and all of his undermining and purging of professionals and experts at places like DOJ, EPA, Intelligence, CDC etc is an avalanche we cannot out-run.

    These places need experts and professionals in them, running them. Instead we have sycophants whose first job is to kiss Trump’s ass instead of protect the country.

    So, yes, we will be on our back foot instead of forward leaning on this Coronavirus. There will be no press updates and administration experts to update the country. It will just be our chief medical officer Donald trump telling us that traumatic brain injuries are headaches and Coronavirus is harmless.
     
    themickey, Cuddles and Bugenhagen like this.
  6. Bugenhagen

    Bugenhagen

    Nobody knows more about disease than "I'm a germophobe!" Donny.
     
  7. Bugenhagen

    Bugenhagen

  8. It's a PANDEMIC coming, sell everything and get in your bunkers. Just what is this new word the leftist media is now infatuated with?

    Pandemic definition is - occurring over a wide geographic area and affecting an exceptionally high proportion of the population

    So, the common cold is a pandemic. Cancer is a pandemic. Diabetes is a pandemic. Every fucking disease on the planet is a pandemic. What's really spreading like wildfire is abject stupidity. Now that's dangerous.
     
  9. cancer and diabetes are not contagious. grouping Covid-19 with them is stupid and as you said it, abject stupidity is dangerous.
     
    Bugenhagen likes this.
  10. %%
    Exactly;
    but what do you expect in an election year?? FOR those like to worry, like the lady says ''don't tell me it does no good to worry=most all i've worried about never happened ''LOL-LOL.

    OK the DOW/DIA +DAL closed below200dma, as if 30+ old stocks are a benchmark?? LOL. QQQ may close closed above 50dma this week, it's stlll going up .WEB MD notes wash your hands + avoid sneezers sneezing in your face.
    I use SDOW as more of a benchmark than hyped DOW/DIA+ SDOW going up like QQQ.......
     
    #10     Feb 26, 2020
    CaptainObvious likes this.