imagine if everything you had to rely on in the world had a circuit breaker to stop it when things went wrong, big money always has loopholes
and those writing off Putin, isn’t he most dangerous when he is losing? he’s worth $200 Billion, it’s all a game to him, my greatest fear is if he decides to flip over the tables in upset (nuke war?)
why do Dems always get the keys to the car when it’s in the ditch and destroyed?
Financial and economic impacts aside. It would be poetic if the Dow closes at 19,827 by Jan 20, 2021, the exact level when Drumpf took office.
Now if only everything else could be rolled back.
Yeah, I was thinking that if the markets rolled back to 2016-17 levels the proverbial one percenter shit will hit the fan.
They still have a fabulous tax plan to cushion the blow.
PLEASE stop with this comparison. It is useless and disingenuous. Influenza has a case fatality rate between 0.05 and 0.1% Covid-19 has a CFR of somewhere between 0.6 (really bad) and 3.4 (WHO estimate.) Our rate and that of Italy and Iran are currently significantly higher, probably for various demographic and sampling factors. This is an immunologically naive population with no vaccine on the horizon. Nothing will slow it down other than running low on vulnerable people, which will not happen until well past 1% infection. That sounds low, but in our country that is 3.5 million people. With hospitalizations running 10-20%, we just don’t have the ablity to care for that many people. I am certainly not counseling panic, but realistically assessing where we are headed is mandatory if we are going to mitigate the impact at all. “Dont worry be happy” gets us hit much much harder than we are going to anyway.
Edit for stupid typos.y
I wonder what the Great Depression would have looked like if well-connected social media had been a thing at that time?
Assuming Ds can take it all, which i’m no longer certain will happen. Also assuming things don’t get so bad that the elections are “postponed” for an undetermined amount of time.
Even without the latest cataclysm, 4 years of Trump and his people were going to cause damage that would take generations to undo. At least with the economy in a state of FUBAR it could open some paths to establishing a socialist base upon which to rebuild.
Yeah, that too. Someone has to clean up after the massive GOP party when it loses control and they shit in the punch bowl. They won’t do it themselves. Ever.
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OMG - a rational, lucid and cogent post that avoids fearmongering…be off with you!!
According to some panicked stock reporting, apparently the “solution” to a bad recession is a shale bailout. yeaahhhh…
I wonder if the solution to a recession would be giving the money from a bailout to the people who would spend it the fastest; the poor? Nah. That would never work. It makes far more sense to give it to the rich so they can hang on to it. That’s what keeps working. /s (if needed)
Where’s GWB to give us $300 when we need him? Or Obama to give us cash for a clunker?
Maybe Trump could give us cash for old golfing equipment.
market drops under trump are becoming like the “opposite think” with debt/deficit under Democratic vs Republican presidents (where they think Democrats run it up but it’s rather almost always Republicans)
this is why it’s always so confusing to me how people rage about trump when he is simply exactly as advertised/predictable, it’s the 45% of people voting for him that are the problem, they will also vote for the next idiot
You didn’t flush 15 times.
My business has a bunch of cash to invest but the bear’s going to have to run out of high-pressure steam first. The next 90 days are going to be especially ugly.
isn’t it a good time to invest though? if you were already committed to investing in the stock market, then you’ll get more for your dollar.
unless i guess if you’re only hoping to invest for a year or two, or if you’re not sure some company will be around in a few years…
Unless you think it’ll go lower, than you’ll get an even greater return. My friend the other day said that the recent dips have wiped out 2 years of growth.
are you taking new clients because my current therapist hasn’t helped me see a new side like that in years.
“Buy low, sell high” - it’s much too soon to buy in general; the market’s going to go a lot further down. I’ll wait until the plummet slows appreciably and buy in with some of the cash, then buy more when the market starts to climb.
Ya… nothing lower than rock bottom. I had a friend in college that bought bitcoin when it was a few cents. He forgot about it and it turned into hundreds of thousands of dollars.
