How many times do we have to tell you that WAPO lies it's collective asses off, then you enable them by posting their bs. The Dow Jones did not drop over 700 points.
A late-day rally drove the Dow, which had declined by as much as 236 points earlier in the day, 299 points higher – a 1.2% gain to 25,745. The S&P 500 finished up 1.1% to 3,083, the tech-heavy Nasdaq gained 1.1% to 10,017, and the small-cap Russell 2000 closed 1.7% higher to 1,413.
What? WAPO isn’t lying, you’re simply talking about two different days. Your paragraph refers to today (Thursday), while it dropped 700 points yesterday (Wednesday):
Then lemons should have added 'yesterday' to her statement. Otherwise, it reads as if she said it dropped 700 points today. And since it went way back up, it isn't significant that it was down yesterday.
It’s certainly significant that there’s volatility based on a resurgence of cases, especially since there’s no sign of that resurgence slowing down any time soon. Whatever day it was, the point is that economic stability isn’t coming until people feel safe.
Re: 123,000 deaths so far while Trump makes jokes
Posted: Thu Jun 25, 2020 10:38 pm
by Lemons
MonarchMom wrote: ↑Thu Jun 25, 2020 7:31 pm
The stock market goes up and down, and is based on many factors. I'm not as concerned about the DOW as I am with people dying and sustaining long-term damage to their organs.
For the POTUS to not take the lead on promoting the actions that can limit transmission is a failure at the most basic level.
It does but people are concerned about the economy of course. When the country fails to get this under control the stock market notices.
What? WAPO isn’t lying, you’re simply talking about two different days. Your paragraph refers to today (Thursday), while it dropped 700 points yesterday (Wednesday):
Then lemons should have added 'yesterday' to her statement. Otherwise, it reads as if she said it dropped 700 points today. And since it went way back up, it isn't significant that it was down yesterday.
It’s certainly significant that there’s volatility based on a resurgence of cases, especially since there’s no sign of that resurgence slowing down any time soon. Whatever day it was, the point is that economic stability isn’t coming until people feel safe.
You’re right, the volatility is just as concerning. Even if it goes back up, the fact that it can drop 700 points over news of the overwhelming amount of cases is news. Extreme ups and downs are not good news for the market.
What? WAPO isn’t lying, you’re simply talking about two different days. Your paragraph refers to today (Thursday), while it dropped 700 points yesterday (Wednesday):
Then lemons should have added 'yesterday' to her statement. Otherwise, it reads as if she said it dropped 700 points today. And since it went way back up, it isn't significant that it was down yesterday.
It’s certainly significant that there’s volatility based on a resurgence of cases, especially since there’s no sign of that resurgence slowing down any time soon. Whatever day it was, the point is that economic stability isn’t coming until people feel safe.
People, i.e. investors, wouldn't be so skittish if the MSM reported on hospitalization rates and death rates instead of just positive tests. The more people tested, the more positives you are going to find seeing that most people don't even know they have had it.
In IL several major hospitals are closing their COVID19 units because they aren't needed. They are treating patients in regular isolation rooms.
I would say besides more tests being performed, you can blame the uptick on young people gathering in bars, backyards, etc. They think they're invincible. But then again, the CDC and Fauci told them they aren't likely to get it.
Then lemons should have added 'yesterday' to her statement. Otherwise, it reads as if she said it dropped 700 points today. And since it went way back up, it isn't significant that it was down yesterday.
It’s certainly significant that there’s volatility based on a resurgence of cases, especially since there’s no sign of that resurgence slowing down any time soon. Whatever day it was, the point is that economic stability isn’t coming until people feel safe.
You’re right, the volatility is just as concerning. Even if it goes back up, the fact that it can drop 700 points over news of the overwhelming amount of cases is news. Extreme ups and downs are not good news for the market.
No, what's more concerning is if Biden pulls off a miracle and wins...
"Interestingly, as findings from these polls (fueled in large part by Trump’s handling of the COVID-19 pandemic) have become prevalent in the past two weeks stock market volatility has returned to the fore after several months of slumber. Meanwhile, the S&P 500 and Dow Jones Industrial Average are down slightly the past two weeks after enjoying a strong rally off the March 23 lows, per Yahoo Finance Premium data.
Recall the former vice president has put forth reversing half of the president’s signature tax cuts, lifting the statutory rate to 28%. Couple that with the prospect for greater regulations under a Biden presidency, as highlighted by Santos, and the market’s angst is understandable at this juncture."
Then lemons should have added 'yesterday' to her statement. Otherwise, it reads as if she said it dropped 700 points today. And since it went way back up, it isn't significant that it was down yesterday.
It’s certainly significant that there’s volatility based on a resurgence of cases, especially since there’s no sign of that resurgence slowing down any time soon. Whatever day it was, the point is that economic stability isn’t coming until people feel safe.
People, i.e. investors, wouldn't be so skittish if the MSM reported on hospitalization rates and death rates instead of just positive tests. The more people tested, the more positives you are going to find seeing that most people don't even know they have had it.
In IL several major hospitals are closing their COVID19 units because they aren't needed. They are treating patients in regular isolation rooms.
I would say besides more tests being performed, you can blame the uptick on young people gathering in bars, backyards, etc. They think they're invincible. But then again, the CDC and Fauci told them they aren't likely to get it.
Do you know why it went back up today?
Other countries have similar testing rates without the similar spike in cases.
The hospitalization rate is going up in 16 states, and outbreaks will make investors skittish - people aren’t going to be confident spending if they’re worried about their jobs and the economy while a pandemic is still rampant and not controlled.
What would you expect young people to do when the governors of states like Arizona, Texas and Florida reopened bars? It seems ridiculous to scold people for going to bars when the government, presumably advised by public health officials (not necessarily listening to them) reopened establishments like that. Dan Patrick in Texas said grandparents would die to sustain the American economy, but young people are to blame for listening to him?
It’s certainly significant that there’s volatility based on a resurgence of cases, especially since there’s no sign of that resurgence slowing down any time soon. Whatever day it was, the point is that economic stability isn’t coming until people feel safe.
People, i.e. investors, wouldn't be so skittish if the MSM reported on hospitalization rates and death rates instead of just positive tests. The more people tested, the more positives you are going to find seeing that most people don't even know they have had it.
In IL several major hospitals are closing their COVID19 units because they aren't needed. They are treating patients in regular isolation rooms.
I would say besides more tests being performed, you can blame the uptick on young people gathering in bars, backyards, etc. They think they're invincible. But then again, the CDC and Fauci told them they aren't likely to get it.
Do you know why it went back up today?
Other countries have similar testing rates without the similar spike in cases.
The hospitalization rate is going up in 16 states, and outbreaks will make investors skittish - people aren’t going to be confident spending if they’re worried about their jobs and the economy while a pandemic is still rampant and not controlled.
What would you expect young people to do when the governors of states like Arizona, Texas and Florida reopened bars? It seems ridiculous to scold people for going to bars when the government, presumably advised by public health officials (not necessarily listening to them) reopened establishments like that. Dan Patrick in Texas said grandparents would die to sustain the American economy, but young people are to blame for listening to him?
Just because a gov reopens bars, doesn't mean young people get a pass to act like assholes and congregate in crowded bars. The same goes for opened up beaches.
The idea behind opening up in stages has always been if there's a large spike in cases, then the gov's would pull back and institute more restrictions again. Obviously, some states need to step back.
