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Sat Feb 29, 2020, 07:48 PM

Are you rooting for a stock market collapse over #Coronavirus just to hurt Pres @realDonaldTrump?

Last edited Sat Feb 29, 2020, 09:13 PM - Edit history (1)






More fucking lies from the lying Party, Republicans...

84 replies, 5138 views

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Reply Are you rooting for a stock market collapse over #Coronavirus just to hurt Pres @realDonaldTrump? (Original post)
yuiyoshida Feb 2020 OP
mahina Feb 2020 #1
budkin Feb 2020 #2
Dagstead Bumwood Feb 2020 #5
cwydro Feb 2020 #9
Dagstead Bumwood Feb 2020 #17
cwydro Feb 2020 #19
Dagstead Bumwood Feb 2020 #22
cwydro Feb 2020 #25
Wounded Bear Mar 2020 #40
orleans Mar 2020 #46
Dagstead Bumwood Mar 2020 #48
mr_lebowski Mar 2020 #78
customerserviceguy Mar 2020 #60
Dagstead Bumwood Mar 2020 #81
MichMan Mar 2020 #71
Dagstead Bumwood Mar 2020 #82
Shermann Feb 2020 #3
Wounded Bear Feb 2020 #4
LuvNewcastle Mar 2020 #39
yuiyoshida Mar 2020 #84
cwydro Feb 2020 #6
Polly Hennessey Feb 2020 #7
lapfog_1 Feb 2020 #8
cwydro Feb 2020 #10
rzemanfl Feb 2020 #11
Sugar Smack Feb 2020 #15
GusBob Feb 2020 #12
intrepidity Feb 2020 #13
Cousin Dupree Feb 2020 #14
flibbitygiblets Feb 2020 #16
Andy823 Feb 2020 #18
jmg257 Mar 2020 #74
Thomas Hurt Feb 2020 #20
pecosbob Feb 2020 #21
Wounded Bear Mar 2020 #41
Laurian Feb 2020 #23
captain queeg Feb 2020 #24
progree Feb 2020 #26
stillcool Feb 2020 #27
2naSalit Feb 2020 #28
bottomofthehill Feb 2020 #29
eilen Feb 2020 #30
MichMan Mar 2020 #59
Calculating Feb 2020 #31
lunasun Feb 2020 #32
Bengus81 Feb 2020 #33
Joinfortmill Feb 2020 #34
maxrandb Feb 2020 #35
TexasBushwhacker Feb 2020 #36
smirkymonkey Mar 2020 #42
TexasBushwhacker Mar 2020 #47
Yo_Mama_Been_Loggin Feb 2020 #37
rownesheck Feb 2020 #38
roamer65 Mar 2020 #43
ooky Mar 2020 #44
RhodeIslandOne Mar 2020 #45
Initech Mar 2020 #49
walkingman Mar 2020 #54
DFW Mar 2020 #50
tblue37 Mar 2020 #51
brewens Mar 2020 #52
walkingman Mar 2020 #53
Cartoonist Mar 2020 #55
WePurrsevere Mar 2020 #56
Vogon_Glory Mar 2020 #57
SallyHemmings Mar 2020 #58
yuiyoshida Mar 2020 #61
SiliconValley_Dem Mar 2020 #62
progree Mar 2020 #63
yuiyoshida Mar 2020 #64
progree Mar 2020 #66
yuiyoshida Mar 2020 #67
progree Mar 2020 #68
MichMan Mar 2020 #70
progree Mar 2020 #75
bobGandolf Mar 2020 #65
Demonaut Mar 2020 #69
Javaman Mar 2020 #72
scrabblequeen40 Mar 2020 #73
The Velveteen Ocelot Mar 2020 #76
exboyfil Mar 2020 #77
LenaBaby61 Mar 2020 #79
Mz Pip Mar 2020 #80
whistler162 Mar 2020 #83

Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 07:51 PM

1. Of course not, that is nonsense.

Hiya Y

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 07:52 PM

2. The financial hit is worth it if it takes down Trump

We canít afford 4 more years.

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Response to budkin (Reply #2)

Sat Feb 29, 2020, 07:57 PM

5. Having gas at about $5 a gallon

would be a nice touch, too. Can't let the market do all of the heavy lifting. If I were cheering for that sort of thing, that is.

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Response to Dagstead Bumwood (Reply #5)

Sat Feb 29, 2020, 07:59 PM

9. Yeah, that'd be great.

Letís hurt poor people.

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Response to cwydro (Reply #9)

Sat Feb 29, 2020, 08:12 PM

17. Didn't think it necessary

but here's my Not rooting for high gas prices as I too drive a car and purchase gasoline on a regular basis.

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Response to Dagstead Bumwood (Reply #17)

Sat Feb 29, 2020, 08:13 PM

19. Good. Sorry, but I have seen people here hoping for that.

Glad youíre not one of them.

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Response to cwydro (Reply #19)

Sat Feb 29, 2020, 08:19 PM

22. I focus all of my negative thoughts and wishes

for harm toward just one person. Hell, that's been a full-time job the past three years.

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Response to Dagstead Bumwood (Reply #22)

Sat Feb 29, 2020, 08:23 PM

25. With you on that!

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Response to Dagstead Bumwood (Reply #22)

Sun Mar 1, 2020, 12:21 AM

40. Well, more than just one person...

but a fairly small list.

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Response to Dagstead Bumwood (Reply #22)

Sun Mar 1, 2020, 03:36 AM

46. focus harder! n/t

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Response to orleans (Reply #46)

Sun Mar 1, 2020, 07:11 PM

48. I'm re-watching

Scanners to see if I missed anything

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Response to cwydro (Reply #9)

Mon Mar 2, 2020, 03:17 PM

78. I know we're sorta friends and all (maybe not after this) but I'm rooting for $10/gallon gas

Although with a caveat: I want that ... along with a massive Federal subsidy program to replace IC vehicles with hybrids, plug-in hybrids, and electric vehicles, one that's means-based

Diesel needs to stay relatively cheap though for the time being, otherwise product costs will skyrocket for everyone.

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Response to Dagstead Bumwood (Reply #5)

Sun Mar 1, 2020, 09:58 PM

60. I'm not in favor

of burning down the house just to get rid of the termites.

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Response to customerserviceguy (Reply #60)

Mon Mar 2, 2020, 08:26 PM

81. Neither am I

which I explained in my follow-up responses to cwydro. I didn't express my self clearly on the first reply.

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Response to Dagstead Bumwood (Reply #5)

Mon Mar 2, 2020, 09:08 AM

71. If people were serious about reducing fossil fuel usage, it needs to be much higher than $5

Can't expect gas prices to be under $3 a gallon and then act surprised about people buying trucks and SUV.

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Response to MichMan (Reply #71)

Mon Mar 2, 2020, 08:33 PM

82. I paid 1.95 at the pump today.

Doubt anyone in my vicinity is rushing for the electric cars at that price.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 07:53 PM

3. Sell! Sell! Sell!

Operation Wall Street Chaos 2020!

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 07:55 PM

4. I've been expecting the market drop, and been accused of 'rooting for it'...

Whatever.

The coronavirus was a bit unexpected, but not totally so. Trump doesn't prepare for anything, because he thinks he can talk, stall, gaslight his way through whatever happens. Now, people will die because of his incompetence.

So, not rooting for something bad to happen, but not surprised it is happening.

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Response to Wounded Bear (Reply #4)

Sun Mar 1, 2020, 12:00 AM

39. Same here.

This was all very predictable, not the disease particularly, but some sort of calamity would come along and show how incompetent Trump is. So although I'm concerned about this grave situation, I am saying 'I told you so.'

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Response to LuvNewcastle (Reply #39)

Mon Mar 2, 2020, 09:01 PM

84. Despite how incompetent the Trump Administration is

People will die. From a government that doesn't believe in Science, his base will be the first to die because they will follow everything Trump says or does...and if he goes on with his business as usual attitude, than people will surely die...lots of people.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 07:58 PM

6. I'm sure not, but I've seen that on DU.

Iíve seen posters hope for high gas prices, among other things, to teach the other side a ďlessonĒ.

I always bookmark those posts.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 07:59 PM

7. It has crossed my mind, but no.

I only want tRump to suffer.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 07:59 PM

8. Insane... I lost $5500 on my RSUs

in the last week... and just the number that I can trade in a few weeks time (they are still restricted).

I would much rather have the money and donate it to someone that can beat Trump.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:00 PM

10. Looks like you're getting your answer in several responses to this thread.

Sad.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:01 PM

11. I'm rooting for COVID-19 to get Drumpf and Pence, actually. n/t

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Response to rzemanfl (Reply #11)

Sat Feb 29, 2020, 08:10 PM

15. What rzemanfl said.

+1.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:01 PM

12. Wall Street is full of crooks

You cant eat money

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:02 PM

13. If rooting for something caused it

then Trump would be gone by now.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:05 PM

14. If Coronavirus causes a stock market collapse, that means more disease and more deaths.

So NO!

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:11 PM

16. I'm rooting for sane government that values lives over politics

But I'm not holding my breath we'll get that in time. Lives will be lost needlessly due to the incompetence. PENCE is in charge of preparing us as a nation for the coming pandemic. I'm not religious, but God help us.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:12 PM

18. Only ones I see spreading things like this

are trolls who have come in in the last few months to try and stir things up.

Millions of people, not millionaires or billionaires, have retirement funds, in form or another, in the stock market. Nobody should wish for such a thing to happen.

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Response to Andy823 (Reply #18)

Mon Mar 2, 2020, 01:35 PM

74. Fuck no. nt

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:15 PM

20. of course not, but that will be the bee ess the Trumpigists will be spreading.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:17 PM

21. Sixty percent of Americans make less than forty thousand dollars a year

They mostly don't give a f*ck what happens to the stock market.

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Response to pecosbob (Reply #21)

Sun Mar 1, 2020, 12:23 AM

41. Because the feeling is mutual...nt

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:21 PM

23. No! My husband is quite ill and we've

left his IRA alone so that it would be there for his support should I pass before him. Weíre currently able to manage on my retirement benefit and Social Security, but without my income heíd be in a very difficult position.

At our ages, the virus and the market meltdown are equally distressing.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:22 PM

24. I'm not too worried about the stock market

Iím concerned for all the people who will get sick or maybe even die. And itís obvious Trump is making the situation worse, so yes I hope that destroys his chance for re-election.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:29 PM

26. ***YES I AM, ABSOLUTELY***. I don't think Trump can be beaten in November if the stock market

is strong like it was for the past 3 years (the S&P 500 is up more than 30% since the last close before inauguration day, and more like 35% up when dividends are included), and with continuing decent-to-good job reports. I really don't. I think the ONLY way he is going to lose is if those numbers go south before the election.

Look kiddos, the stock market is inevitably going to go into a bear market in the next few years at most anyway -- just look at any graph of the Dow or S&P 500. If anyone is an idiot enough to think "things are different, we know how to control these things now", then they need to see their doctor.

If we're going to get a bear market or a crash, the best time for it is soon, not after November.

Otherwise we're going to have Trump for 4 more years to finish what he's started and 2 more of his Supreme Court picks and continuing attempts at dismantling healthcare which already amounts to a Great American Genocide (a big increase in the number of uninsured, and no, emergency rooms do not provide comprehensive medical care, they just stabilize you and then give you recommendations for doctors and specialists to see that the uninsured can't afford to see, and a fistful of prescriptions that the uninsured can't afford to fill (and lots of insured people too with astronomical deductibles and copays).

And look at his response to Coronavirus so far.

And that psychopath can launch nuclear weapons at any time.

And with a good stock market and economy (at least according to the official numbers), that will help get more Republican congresspeople and state legislators elected too than otherwise.

Four more years of Trump will do a hell of a lot more harm to the economy in the medium and long-term and Americans than a pullback in the stock market through November. Far more. Far far more.

I have most of my nest egg in equities, and I'm old and long retired, so I'm not happy either watching the balance go down down down. But if it gets the psychopathic nuclear-button-enabled shit maggot out of office, it is absolutely, completely, and totally worth it.

And the stock market always recovers and goes on to set new all-time highs. It always has. It has never, ever, set a new all-time low. Never.

People don't lose in a market downturn unless they panic and sell. If you hold on, it's a temporary paper loss.

The choice: a temporary paper loss before November, or having the psychopathic nuclear-button-enabled shit maggot for 4 more years?

And as I said, the stock market is due for a crash anyway, whether now or in a few years, (again look at some graphs of the S&P 500 or Dow), so those who explode into tears about now wanting to see their IRAs go down big -- do you really think that's not going to happen in the next few years? It's inevitable. (And it will recover if you hold on). I just prefer it happen before November.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:30 PM

27. I don't want to see people

lose what they've worked towards their entire life. Would be nice if the market crashing would actually affect those at the tippy-top, but seems like the shrinking middle-class takes all the hits the hardest. Having nothing to gain, and nothing to lose it's a side-show.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:36 PM

28. Nope...

I want to hurt him myself, don't need no stinking stock market crash or killer virus to help me neither!

So there.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:49 PM

29. I'm, that's a big no. That is where my IRA money is

It canít totally tank now that I am finally done with kids tuitions and have been able to put some money in.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:52 PM

30. No one wants the stock market to crash.

Too many people have their retirement tied up in 401K type accounts that are invested in the stock market. We don't want the economy to suffer. I think most of us understand that the downturn is in response to the slow down in manufacturing/shipping/ etc. because of the virus. Trade has slowed down because of mass quarantines and illness. I would rather people not be ill.

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Response to eilen (Reply #30)

Sun Mar 1, 2020, 08:09 PM

59. Lots of gleeful posts here on DU everytime it drops

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 08:56 PM

31. I want it to crash hard

Not to hurt Trump, but because everything is still really overvalued right now and I'm young so I'd like to buy more stocks at a good entry price. Lately it's been pretty hard getting value buying stocks when everything is up 30+% over one year. Hell, look at shit like Apple/AMD/Tesla/SHop/etc. All huge bubbles. Maybe with a good 50-80% drop there would be some value to be had.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 09:06 PM

32. Hell No if the stock market collapses it will carry over in to the economy and affects jobs housing

etc
Have I seen rooting for it ?
Yes

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 09:17 PM

33. Make no mistake,that POS would NEVER give presser on a Sat.....

But...his handlers told him to get the hell out there and try and diffuse (with more BULLSHIT) his HOAX statement at his SC Nazi rally last night.

Democrats should be all OVER Trump for that statement. Keep after that orange azzz and let him keep denying he ever said it.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 09:19 PM

34. I'd rather a hamburger got him

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 09:47 PM

35. No, but when millions of people warned what a disaster the Retrumplicans would be

I'm going to shout it from the rooftops that they were right!

We were told where electing this asspickle would lead.

I'm not rooting for it, but I won't be afraid to say; "I told you so".

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 09:58 PM

36. What goes up must come down

With or without a pandemic, the stock market was due for a correction.

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Response to TexasBushwhacker (Reply #36)

Sun Mar 1, 2020, 12:34 AM

42. +1000

 

Exactly. This was bound to happen sooner or later. Most stocks have been over-valued for quite some time and inevitably there had to be a correction. It is ridiculous to expect that the market will continue to grow without one. It is the nature of the beast.

The recent boom in stock prices was due to stock buy-backs because companies got a boon from the Trump tax cuts. It was not based on fundamentals. This bubble was bound to burst eventually.

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Response to smirkymonkey (Reply #42)

Sun Mar 1, 2020, 04:49 PM

47. Couple the stock buy backs with a big helping of irrational exuberance

by the Trump lovers who think the stock market would continue to go up because the Trump economy was the strongest it's ever been AND WOULD CONTINUE TO BE. Now the market is tanking and Trump is blaming the "Democratic Hoax" of the Corona Virus and they'll believe him about that too.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 10:00 PM

37. Not really

I've already lost over $50,000 in net worth.

On the other hand he's been such a blithering idiot in his handling of the coronavirus that alone could be his downfall.

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Response to yuiyoshida (Original post)

Sat Feb 29, 2020, 10:36 PM

38. Stock market

mostly helps the uber wealthy, so I don't care at all about the stock market.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 12:38 AM

43. No. I want a stock market collapse so I can make money from it.

I am hoping for a 40 to 50 pct correction.

Buy low, sell high. Thatís capitalism.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 01:29 AM

44. A long overdue correction to this bloated, overvalued stock market is a good thing.

I know there are a lot of retirement savings being "lost", but nobody should have money they can't afford to lose invested in stocks or high risk equity funds.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 01:40 AM

45. Wall Street has been enjoying their ill gotten gains for awhile

 

The bill has come due. And yes, I own stock.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 07:15 PM

49. Ugh. Fox News is the fucking worst!

Not everything that happens is a personal attack on Trump. He's just a shitty leader and getting what he deserves when things don't go his way.

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Response to Initech (Reply #49)

Sun Mar 1, 2020, 07:27 PM

54. I wish Bloomberg would buy Fox News.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 07:18 PM

50. Not at all, but all the same, it had no business being as high as it was

I really only own a few shares of two stocks back in the States. I bought them in 1998, and I don't need the money now. Plus, I now have grandchildren to pass it on to in case I never get around to cashing any of it in. So, since all my gain is on paper, all I gave back in the past week is also on paper.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 07:21 PM

51. My pension is invested in the stock market, so, no. nt

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 07:24 PM

52. If that's what it takes. We can recover from another collapse with good leadership. The markets

are primed for it anyway, might as well be when it will do some good.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 07:26 PM

53. No - I'm hoping the market recovers without the FED - everything is so politicized these days.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 07:32 PM

55. Only if it beats quick results.

Say it drops another thousand and Trump's heart drops too. Or his financiers force him to resign. Then stocks bounce back.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 07:32 PM

56. No, I want Trump to hurt Trump and his enablers...

I very much want Trump and the 'Con party out of power but I'd rather that happened because of a justice/karma type thing taking them down than something that could seriously hurt innocent people and their futures.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 07:42 PM

57. Actually I was rooting for a host of God's seraphim

to upstage some of the right-wing Evangelical preachers who customarily preach for Trump (and Mammon) and that the Seraphim would ask the congregations to come out and vote Democratic this fall.

But to say so would cause Republicans to accuse me of setting off the Apocalypse.

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Response to yuiyoshida (Original post)

Sun Mar 1, 2020, 07:56 PM

58. I'm rooting for a half a dozen

Of the new KFC donut chicken sandwiches to arrive for his eating pleasure.




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Response to SallyHemmings (Reply #58)

Mon Mar 2, 2020, 01:31 AM

61. That's why we have

GrubHub... or DoorDash...

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Response to yuiyoshida (Original post)

Mon Mar 2, 2020, 01:37 AM

62. I'm rooting for people to see what a menace Trump is when crisis strikes

 

If the gains of 2019 are erased and it causes people to rethink their support of this psychopath, that is fine with me. The market will rebound and the world will see how Trump chocked under pressure.

I truly hope the outbreak slows down in the US, but I think it will get much worse and it is currently underreported because of lack of viable test kits.

As I said on election night 2016Ėwe are fucked!

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Response to SiliconValley_Dem (Reply #62)

Mon Mar 2, 2020, 02:42 AM

63. "If the gains of 2019 are erased & it causes people to rethink their support of this psychopath..."

I couldn't help but do the numbers:
S&P 500 closing prices
3386 † 2/19/20 all time high
2507 † 12/31/18 at close of 2018

It would take a 26.0% drop from the all time high to erase the gains of 2019
so that would be a serious plunge but not a great crash. (We're already 12.8% down from the all time high as of Friday's close)
(They usually measure the severity of a drop from the previous all time high, particularly one that's close in time like this one).

That's an ordinary bear market

https://www.thebalance.com/u-s-stock-bear-markets-and-their-subsequent-recoveries-2388520
Bear markets are defined as periods when the stock market declines by 20% or more from the highest point to its subsequent lowest point. From 1900Ė2014, there were 32 bear markets. Statistically, they occur about once every 3.5 years and last an average of 367 days.


So yes, it's going to happen in the not-so-distant future. The reason we've gone this long without one is because of how far down we went in the last one (57% drop from peak to trough as measured by the S&P 500).

So if it's going to happen in the next one, two, three, four years, I'd much much rather have it happen before November than after.

I am convinced Trump would probably win if the economy was where it was in January and early February with substantially sub-4% unemployment and monthly job gains in the 150,000-200,000 range.

Since WWII, when the economy was good under a Republican president, a Democratic presidential candidate has never won. Democrats trying to unseat the Republicans only do so when the economy is trending poorly (or crashing). Some analysis I read in the Washington Spectator, but I think its true, although the number of sample points obviously is quite small.

I'm pretty sure Trump would lose if we had a recession begin, along with a bear market (or worse) but the NBER, which is the official score-keeper of recessions, takes a year to call one after it starts. So that's too late. But the unofficial but widely used definition of recession in the meantime is two back-to-back quarters of negative real GDP growth. Before the election that means Q2 and Q3 both have to be negative. Q3 ends September 30, and the first estimate of Q3 GDP will be in late October.

But anyway if things are obviously crashing (and with job losses), people won't need to wait to see the Q3 estimate to have their votes influenced.

Counting the so called double-dip recession of 1980-82 as one recession,

we've had 8 recessions since 1945: 1953, 1958, 1960-61, 1973-75, 1980-82, 1990-91, 2001, 2007-2009
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States

which averages one every 9.4 years on average (starting from and including 1960-61, its one every 10 years on average).

either way we're overdue since the last one ended in June 2009.

And not to mention if the coronavirus turns out to be bad...

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Response to progree (Reply #63)

Mon Mar 2, 2020, 02:52 AM

64. I think you can count the Coronavirus

to do exactly as any Pandemic disease would...

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Response to yuiyoshida (Reply #64)

Mon Mar 2, 2020, 03:33 AM

66. Investors don't seem to be all that worried at this point -- S&P 500 futures up 0.50%

Asian markets doing well
https://money.cnn.com/data/world_markets/asia/

Nikkei and Shanghai SE closed +0.95% and +3.15% respectively
Hang Seng and Mumbai at +0.69% and 1.67% respectively (they're still open)

Oddly enough.

Yes, I know they've all had big drops in the past week, so these are relatively slight upticks. For example the S&P 500 closed down 12.8% from where it was at its peak on 2/19, so a +0.5% is just a bit of an uptick, and may very well be a dead cat bounce.

Myself I'm not convinced this will derail the U.S. economy before the election, but another week or two will tell us a lot.

Personally I'm quite concerned about being out and about where there are a lot (or a few) other people when I don't have to, so I'm not entirely blowing it off.

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Response to progree (Reply #66)

Mon Mar 2, 2020, 04:31 AM

67. Frankly with the incompetence of the Trump Administration

I expect they will kill a lot of people some how, this may blow up.

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Response to yuiyoshida (Reply #67)

Mon Mar 2, 2020, 04:50 AM

68. Yes. My biggest worry is the very small number of people who have been tested.

And the big reductions that have occurred in spending and the number of people (and expertise) in CDC, NIH, and others that we count on to respond. Oh, and all communication has to be funneled through pray-it-away Mike Pence.

And if you can't afford the vaccine (if and when it is developed), tough luck (no understanding of the concept of "herd immunity" )

Genocide by ideology.

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Response to progree (Reply #63)

Mon Mar 2, 2020, 09:03 AM

70. Did you think the crash in 2008 was a good thing ?

I didn't

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Response to MichMan (Reply #70)

Mon Mar 2, 2020, 03:09 PM

75. I'm not rooting for a crash that severe, which was the worst collapse since the Great Depression

Last edited Mon Mar 2, 2020, 09:54 PM - Edit history (5)

but we're overdue for a severe stock market pullback. If we're going to get one in the next 1-5 years, which I think is inevitable from stock market history, I'd rather it be before November than afterwards.

This chart of the S&P 500 illustrates what I talked about as far as bear markets and recessions in post #63:

https://www.macrotrends.net/2324/sp-500-historical-chart-data

Do you see the little gray bands? Those are recessions. They happen an average of about every 10 years. We're past that -- we're in the longest expansion in history.

Do you see the bigger dips? They happen, with bear markets (20% or more) every 3.5 years on average.

Do you think Trump's presidency so far and 2 Supreme Court picks was a good thing? I didn't.

Do you want him to pick another 2 Supreme Court picks? I don't

Do you think millions losing health insurance coverage is a good thing? I didn't. I think it is genocide.

And he's still whacking away at it in every way he can. The ACA was saved only by 1 vote in the Senate. But he keeps whittling away on the ACA with executive orders and court challenges to be eventually ruled on by the most conservative Supreme Court in history.

Are you happy with him unraveling the social safety net? I'm not.

Are you happy with his response to Coronavirus so far? I'm not.

Are you happy that he can launch nuclear weapons at any time? I'm not.

Do you think it's only a minor problem that we won't start dealing with the climate crisis until no sooner than 2025? I don't. As it is, I doubt that any climate scientist really thinks we're going to stay within 1.5 deg C. There is some hope for 2.0 deg C.

Seeing what we're already seen out west and in Australia and yada at +1.0 C, a +2.0 C deg world would make the damage from the 2008 crash look like a walk in the park. Especially if we do pass a catastrophic climate tipping point that we haven't already passed. You know, things like permafrost melting 70 years earlier than projected.

Four more years of Trump (with an inevitable big stock market pullback or crash before his second term is over) will do a hell of a lot more harm to the economy and Americans and the world than a pullback in the stock market through November. Far more. Far far more.

I have most of my nest egg in equities, and I'm old and long retired, so I'm not happy either watching the balance go down down down. But if it gets the psychopathic nuclear-button-enabled shit maggot out of office, it is absolutely, completely, and totally worth it. Particularly considering it's almost a certainty (see those graphs again) that we're going to get a big downturn anyway before his 2nd term is over).

And the stock market always recovers and goes on to set new all-time highs. It always has. It has never, ever, set a new all-time low. Never.

People don't lose in a market downturn unless they panic and sell. If you hold on, it's a temporary paper loss.

(Although all bets are off if we continue with Caligula-style policies and/or catastrophic global heating, something to think about for those who are whimpering about their 401k's)

The choice: a temporary paper loss before November, or having the psychopathic nuclear-button-enabled shit maggot for 4 more years and big stock market pullback or crash in his second term?

Looking at a lot of replies to this thread, there are a lot of people who seem to think their retirement savings are never going to suffer from a big dip. ("I don't want to lose any more money in my 401k" ). That somehow, something has eliminated economic and stock market cycles. That somehow, a recession or big stock market downturn (in the 40% or more range, like 73-74, 2001, 2008-9) will never happen again, bar a massive Spanish flu like pandemic or other massive external shock. I am just appalled by the degree of this mass delusion.

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Response to yuiyoshida (Original post)

Mon Mar 2, 2020, 03:01 AM

65. No!

As much as I would like to use it to remove him, too many regular innocent people get hurt.

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Response to yuiyoshida (Original post)

Mon Mar 2, 2020, 08:50 AM

69. fuck no

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Response to yuiyoshida (Original post)

Mon Mar 2, 2020, 09:18 AM

72. um, no.

while I hate the orange asshole, I love my 401k.

such a question.

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Response to yuiyoshida (Original post)

Mon Mar 2, 2020, 11:02 AM

73. better question: is the GOP supporting Trump's lies

at the expense of Americans?

The answer, Kayleigh, is yes you idiot.

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Response to yuiyoshida (Original post)

Mon Mar 2, 2020, 03:10 PM

76. No, I'm retired and can't afford it.

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Response to yuiyoshida (Original post)

Mon Mar 2, 2020, 03:11 PM

77. No.

Even a whiff of that from our leadership would lead to an electoral wipe out.

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Response to exboyfil (Reply #77)

Mon Mar 2, 2020, 03:30 PM

79. "Even a whiff of that from our leadership would lead to an electoral wipe out."

I hear you, but the Party of Putin (Formerly known as the GOP) is now starting to parrot the lie that Dems want people to die from the virus and also want for the stock market/economy to fall so their fat leader tReasonous tRumputin will get hurt in the upcoming GE. Yeah, that's the SAME party who won't pass voting measures to keep our GE safer from the same kind of interference the ru$kies were very successful at in our last GE.

If there's one thing I wish for, and that wish would be for Dems to do a better job @ messaging like the party of putin does, as they merrily, and gleefully parrot their talking points/messages as if they're honest and truthful messages and talking points, which 99.9% of the time, they aren't. Dem talking points/messages are 99.9% truthful most of the time, but don't get repeated like they should be repeated. The party of putin lies on Dems, and even when caught lying on Dems, they double down on and repeats those lies, while also managing to stay on message ad nausea so that their talking points/lies are circulated by the mostly corporate media, which tend to REPEAT party of putin talking points/messages and lies 🙄

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Response to yuiyoshida (Original post)

Mon Mar 2, 2020, 03:32 PM

80. No

It shouldnít have to come to that. Good lord, Trumpís given the entire country multiple reasons to vote him out with having so many of us lose our retirement, too.

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Response to yuiyoshida (Original post)

Mon Mar 2, 2020, 08:46 PM

83. Nope... though I did buy some more

shares of a stock I own.

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