Happy Sunday
 

The future looks great 👍

In 2009 over 22 million Americans were infected with the swine flu, and 4,000 died. The stock market went up 18% that year.

So stop saying the stock market is crashing because of Coronavirus. It’s crashing because Americans don’t trust Donald Trump.
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Delusional🙄
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Who’s got TDS again? Nice job RR you’re two for two.
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https://pbs.twimg.com/media/ESB-MtLX...pg&name=medium
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you are completely bonkers. Trump has been potus for three years, but the market just realized this week that they don’t trust him, coincidentally at the same
time as the outbreak? you really, seriously believe that?

you are literally deranged.

2020 isn’t over yet. do you k ow how the year will end up?

if we don’t trust the president, whyis the market up so much since january 2017?

lord almighty...


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you made fun of me for not understanding finance, so how come you won’t answer my question about whether or not dips are good for people who put money into the market every two
weeks? it’s almost as if there’s a reason why you don’t want to respond....
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There is a reason. I’m on my iPad and it’s hard to type.
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God help you if you start mis-spelling words on it, the spelling police take the most serious of things very serious; please put on your readers and type carefully.

on your ipod, frantically searching for a response that makes a tiny speck of sense. sadly for you, there isn’t one. because dips are awesome for everyone who isn’t an extreme short-term investor. that’s elementary school arithmetic.
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Actually I’m shopping for fossils.
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well you made fun of what i said, so presumably that was based on something. you had days to post support for why i’m wrong. days. too cowardly.
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You’re just really low on the priority list Jim.
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you’re quick to lob insults, just back it up...
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just brilliant

It is so easy to get you or SD to bite and show the juvenile petty nature of your character, it’s not even much of a challenge any longer. I just need to right a post to get you to drop your coloring book and jump in.

I get it.
The old razzle dazzle.
Good job!
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‘I expect global equities to tank by 30% to 40% this year. My advice is: Put your money into cash and safe government bonds.’
That’s economist Nouriel Roubini sharing his gloomy outlook on the market in an interview with Germany’s Der Spiegel last week.

“You have to hedge your money against a crash,” Roubini continued, adding that his motto is “Better safe than sorry!”

His bearish take — which lives up to his “Dr. Doom” nickname — comes amid a reeling market that saw a February peak-to-trough drop in the S&P SPX, +0.74% of nearly 13%. For the whole month, the index was down more than 8%.

At this point, Monday looks to deliver another tough session, with the Dow DJIA, +0.74% , Nasdaq COMP, +0.94% and S&P all trading lower premarket.

Markets aside, Roubini said he believes there will be huge political ramifications, especially if/when the coronavirus blows up in the United States.

“You can’t build a wall in the sky,” he said. “I live in New York City and people there are hardly going to restaurants, cinemas or theaters, even though nobody there has been infected by the virus thus far. If it comes, we are totally f***ed.”

Does that mean a “perfect scare-scenario” for Trump?

“Not at all. He will lose the election, that’s for sure,” Roubini said. “This is always the case in history. Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead.”

pete, what do you hope happens to the economy between now and november? curious what you’ll say.

i agree trump is in trouble if it decreases 30%.
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Hope and think are two different things.

You can hope for lots of things, but I think at best we are one more big shock away from a global recession.

I'd like to see the Stable Genius take the advice he gave Obama..........

Donald J. Trump
@realDonaldTrump
·
Oct 15, 2014
President Obama has a personal responsibility to visit & embrace all people in the US who contract Ebola!

Coronavirus makes clear what has been true all along. Your health is as safe as that of the worst-insured, worst-cared-for person in your society. It will be decided by the height of the floor, not the ceiling.

pete i know hope and think are different things. you didn’t come close to answering the question i asked.
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I hope it stays robust.

I think it will likely slide some due to coronoa virus. That likely controls the direction of the vector. The magnitude of the change that occurs will be in large part controlled by the white house response to the medical and financial side of things. We will see how it all plays out.

Apparently you have fallen for the Citrus Caligula's statements that anyone who opposes him is against America. Just keep marching in lockstep.

I'm smart enough to know that it is very unlikely that anything I do or say will affect the economy, but I'd like to see the Stable Genius take the advice he gave Obama..........and thereby symbolically self-immolate.

Donald J. Trump
@realDonaldTrump
·
Oct 15, 2014
President Obama has a personal responsibility to visit & embrace all people in the US who contract Ebola!

It now seems highly likely that there has been undetected community transmission ongoing in parts of the upper West Coast for weeks, at least and it has likely spread nationwide. How did we end up with major surveillance failure on par with Italy and Iran? Think about how that happens.

“I think it’s very safe," President Trump says when asked if it is safe to hold a campaign rally amid concerns about the spread of coronavirus.

You could get a ticket........

i completely believe that you really hope it stays robust.

i think the magnitude of the drop will also depends on how china and others respond, and we don’t control that.

it could easily go down another 10%, stay there until next year. that won’t help trump, especially if it effects unemployment.
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for long term investing, it is not better to be safe than sorry. Does your Mr Roubini advise young people to put all their savings in savings accounts?

Yes, today is an awful day!

one week is nothing Pete, it was a reaction to a global virus. not a macro indicator of the health of the us economy.

Dips are a good thing, not a bad thing, for all but short-term investors.
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Pete, i asked you twice what you’re rooting for. It’s a very, very simple question. Rockhound answered it. You dodged twice.
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This market is not normal by any definition.
It has lasted longer than any other bull market.
Every bull market has ended.

But on the positive side there are a lot of cheap flights right now, and if you are going to get the coronavirus, you might as well get it in a deeply discounted 5 star hotel in Venice.

I'd like to see the Stable Genius take the advice he gave Obama..........and thereby symbolically self-immolate.

So what we've learned from Pete just this week...

Last week's awful stock market results had nothing to do with corona virus, but were a sign of no confidence in Trump. His proof of this, is that when looking at a different point in time with a different disease and a different administration, the stock market didn't do exactly what it did last week.

He quoted an economist who is telling people to dump equities and put your nest egg in cash. Never mind that by doing so, you will likely miss out on the inevitable rebound, which is why all sane people advise against trying to time things that precisely.

He said that today was going to be a rough day, when the indices are way up.

He did admit that it was "unlikely" (but presumably not impossible in his mind), that anything he posts here, will influence the broad markets. Personally, I think he's really selling himself short. I can't fathom the markets going up unless he says things are healthy.

Back to the original thread premise....
I think RR would be sorely disappointed with an Ivanka presidency, I think she is a pretty big liberal who is playing the part as a good daughter right now. But maybe he only cares that she is hot and straight?