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News Dow bouncing around -1000

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fskimospy said:
This is one of the biggest liabilities when you have an administration that lies about literally everything. In situations like this where it’s important to inspire confidence you can’t do it because no one believes a word you say.
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Relevant segment from Maddow last night for those who missed it:

 
MomentsofSanity said:
My only thought he might not is the fact that CDC people will be there with him. he prefers to do things behind people's backs when they can't defend themselves. Never to their faces.
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Yeah, and when the CDC people refuse to say this is a nothingburger, he will fire them. It is amazing how with all of our deficit spending, he has managed to completely dismantle so much of the government.
 
What interests me more than what politicians say or don't say is what's actually happening with regard to the pandemic and it's consequences. No way I'm going to watch and listen to Trump tonight. My hands get greasy/oily just thinking about that. Gonna go wash 'em now...
 
MomentsofSanity said:
What'd you guys break? We were up 350 points when I left for lunch. Now flat...
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Not surprising me. My crystal ball shows a weak market now, a correction virtually inevitable, a bear market would totally make sense. Even with bounces, expect testing of the lows (or worse!).
 
Zorba said:
Yeah, and when the CDC people refuse to say this is a nothingburger, he will fire them. It is amazing how with all of our deficit spending, he has managed to completely dismantle so much of the government.
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If there's a silver lining to this epidemic it's that it may sweep Trump out of the White House in shame/disgrace.
 
Market lost ended up losing 350 yesterday after Dotard held his press conference saying there is nothing to worry about, we're almost to zero cases, but he'll put pence on it today.

...and now we're looking to get BFd again today.
 
Bitek said:
Market lost ended up losing 350 yesterday after Dotard held his press conference saying there is nothing to worry about, we're almost to zero cases, but he'll put pence on it today.

...and now we're looking to get BFd again today.
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Investors know Trump is lying. Lying inspires instability. Instability is bad for the market.
 
Really starting to wonder where the bottom is going to be for oil. About to break under $47. It was over $60 at the start of the year.
 
fskimospy said:
This is one of the biggest liabilities when you have an administration that lies about literally everything. In situations like this where it’s important to inspire confidence you can’t do it because no one believes a word you say.
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The lemmings believe that Trump is truth incarnate.
 
MomentsofSanity said:
What'd you guys break? We were up 350 points when I left for lunch. Now flat...
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Jhhnn said:
The news from Europe is not good.

www.nytimes.com

In U.S. and Germany, Community Transmission Is Now Suspected (Published 2020)

Three cases have emerged that suggest the possible beginning of a worrisome trend.
www.nytimes.com www.nytimes.com
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People need to stop pretending COVID-19 isn't already a global pandemic. Nations need to forget quarantine, it won't do anything at this stage but harm their markets. Simple fact is you, and everyone else, is going to get this virus.
 
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Jaskalas said:
People need to stop pretending CORVID-19 isn't already a global pandemic. Nations need to forget quarantine, it won't do anything at this stage but harm their markets. Simple fact is you, and everyone else, is going to get this virus.
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When it starts to get bad here Trump is totally going to seal the borders and implode whatever is left of the economy.
 
S&P 500 Breaks below 3054 marking a correction off the peak. Dow broke below 26611 for it's correction. 8854 was correction for the NASDAQ.

Fun times.
 
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