The best thing Trump can do for the market at this point is exactly what he’s not doing: introducing a well thought out, coordinated national plan for ramping up testing, introducing containment policies and having well-defined contingency plans. The Fed has made two drastic moves in the last week which resulted in a grand total of like 30 minutes of reprieve in trading losses because investors don’t believe Trump has a real plan. And obviously they are probably right.
He does have a real plan. Blame the Europeans.
He does have a real plan. Blame the Europeans.
what's the plan?
4th biggest drop by percentage in history
The best thing Trump can do for the market at this point is exactly what he’s not doing: introducing a well thought out, coordinated national plan for ramping up testing, introducing containment policies and having well-defined contingency plans. The Fed has made two drastic moves in the last week which resulted in a grand total of like 30 minutes of reprieve in trading losses because investors don’t believe Trump has a real plan. And obviously they are probably right.
Yeah CNBC spent half an hour talking about this a couple days ago. Said that we need leadership, any leadership, from anyone in the administration but that there’s no real hope for that.
We've not had any widespread quarantines in this country yet. Seems like that will completely wipe out the rest of the gains of the last three years when those go into effect.
How many presidents have not been able to say that though? The Dow Jones steadily and consistently goes up over almost any 4 year period.
That's true, but my guess is he brags about it because he knows that many of his fans don't know that. Bragging about the soaring stock market was another way to promote himself as Superman to his base. It looks like that bragging may end for awhile.
Sure the pandemic is the root cause here, but part of the reason for the panicked sell off is that Wall Street has zero confidence in our inept leadership to deal with the pandemic.