It began as soon as news started coming out of China about the supply chain interruptions.
The world is so dependent not only on finished goods produced in china but on parts and components from China that go into manufactured goods in their own countries it can and will have varying impacts across the globe on other manufacturing countries.
I saw this coming and pointed it out in the original CV thread and updated as more became known.
What’s not known right now is just how serious and deep that impact is going to be.
Until the numbers shake out there will remain a lot of uncertainty and uncertainty always leads to falling stocks.
The stock market is a barometer of both consumer and investor confidence. The higher the levels of confidence the more rapid the growth. When confidence wanes, it slows, stagnates, or even drops proportional to the level of negative confidence.
Let’s look at trump policies and completely ignore the pandemic.
Let’s look at Obama policies and completely ignore collapsing of institutional banking.
Yeah lol
conan
124
So you start preaching you own holler than thou…
Yeah my high horse is higher than yours. I am addressing the gaffaws from the collection of yous.
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I actually agree with you that the market will be back and probably at 30k by November
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conan
131
Yep. Those celebrating is only going to receive another major let down. Meanwhile lots of people are profiting off of it. Don’t let a crises go to waste.
You think that P/E values will support that? A recovery perhaps, but growth to 30K does not seem warranted based on the economic fundamentals. There is more to the market than who sits in the Oval Office.
WCD9973
133
Correct. On again, everything you said.
But what you are missing is that once Trump started speaking, and talking word salad and minimize everything while others in the Government were talking different steps, the confidence started going south and created a even bigger sell off.
Basicly you are correct when you state that the only actual data that would impact the market is supply chain. You are also correct when you say that is not about the President.
What you fail to mention is that the President could have calmed fears and restored confidence, but instead his word salad, mumble, all over the place tweets and press conference made things worse.
In Oct 2014 with Ebola hitting the US and the same Panic and issues occured. The market starting having wild swings and dropped almost 400 points in a day.
But by November -Obama gave a adult speech about it in the white house and the markets calmed down and quickly recovered.
Scratch
134
Just like the Right when Obama didnt get the Olympics…
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adroit
135
Dang, truly happy for your fortune!
GWH
136
Should be if production can ramp back up quickly. And they’re already back to work in wuhan, so here’s hoping.
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oh know poor rich people lost .1% of their wealth.
let me find my tiny Violin.
It’s always a good time to buy
Assuming you don’t buy all at once
Selling can be just as expensive as holding when you take taxes into account
Everybody calm down! You probably won’t die!
George Soros needs to lose more of his money or pay higher in taxes (like he wants) so the rest of us don’t have to.
GWH
141
There are plenty of low to middle income people tied to the stock market. It’s a concern.
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You’re just blaming Trump because it suits you.
The sell off began as soon as major concerns about the supply chain started being discussed and have escalated as more of the details have become known.
Which is absolutely correct.
