VIX is out of control. 100% we are facing a recession. Not surprising other than it took this long
Banks miss Q1 earnings because they are setting aside Billions for loan defaults. Market way up.
- Thread starter fried-chicken
- Start date
Every time the Fed or Trump opens their mouth, we drop another 1800 pts.
So the Fed is going to throw in another half-trillion. Looks like we're heading for a double-down already!
So the Fed is going to throw in another half-trillion. Looks like we're heading for a double-down already!
If they do it's going to have to be helicopter money. If they try another version of QE2 people are going to freak out.
![[laughing]](http://l.yimg.com/j/assets/img/emoticons/classic/laugh.r191677.gif "Laughing [laughing]")
If you don't like money buy in now.time to buy!
We're in the first few weeks of a pandemic. We have no plan for containment and we got a president worried about making low interest SBA loans. They don't even understand the problem.
If you don't need the money for 5 plus years, don't sweat it.
Yeah we need Pro Quo Joe, he said today hand shaking should stop, No public hugging, and wash your hands, though rubbing girls shoulders and sniffing their hair is still a good practice.
Financially, this is just the start. With sports seasons being cancelled, concerts cancelled, Disneyland closing, flights and cruises, hotels... this is going to have serious impacts. Earlier today, I thought Dow 18K was a crazy possibility. Only a few hours later I don't think it is that crazy anymore. This likely destroys the economy into 2021.
...and they tried telling us Bernie would be the one to destroy the economy.
...and they tried telling us Bernie would be the one to destroy the economy.
Yep I'm with you on this. Any normal barely competent leader (for example one that didn't gut the CDC right before a pandemic) would be able to handle this.
Evidently we probably won't be able to.
you are absolutely correct about the first part. this is going to wreck our economy. you cant blame what is happening to the economy right now on trump. this is global.
Many on the left said they'd take a recession if it meant getting Trump out. Well, they are probably going to get it. Combine that with a potentially really big mess with this virus and his administration's shitty handling of it, and there is some serious doubt cast on his re-election in November.
those people are insane. its unfortunate there are so many of them.
there are legit criticisms of trumps handling of the virus containment thus far. well see how things go. it definitely casts doubts on his reelection in nov.
A good start would be keeping his fat ass off a golf course until this blows over. Lord knows he bitched like a stuck pig when Barry played and there was an Ebola outbreak...IN AFRICA.
i mean the argument could be made he needs to get more fresh air and exercise
I'm no financial expert but even I know that attempting to address our nation's financial crisis is bone-headed when the issue is a health crisis.
The Markets are responding to the lack of any real leadership out of the White House.
The Markets are responding to the lack of any real leadership out of the White House.
We are going to have at least a technical recession, but we will have a snap back boom once everyone calms down.
i thought we were going to get into a recession in early to mid 2021 regardless if trump won or lost reelection its bound to happen. i think this just accelerated the timeline and will now face a recession.
The market has nothing to do with leadership
The market is responding to a global crisis
stop acting crazy. Go play golf
Same ole same ole. If your guy is in the White House and the market is good, he gets credit. If the other guy is in and things are good he has nothing to do with it. The same is true in reverse and it's a lazy thought process.
Yeah, stupid me for thinking we should be expecting more leadership from our President. I should have realized this mess is all the fault of the CDC and Obama.
https://www.thestreet.com/video/stocks-federal-reserve-injection?cm_ven=RSSFeed
The Fed did an overnight 500 billion dollar bailout for the investment banks. That would explain why the market came back up yesterday
The Fed did an overnight 500 billion dollar bailout for the investment banks. That would explain why the market came back up yesterday
I have wealth guard on my accounts and it went into effect last week. I initially had a lot of mixed feelings about taking the hit instead of waiting it out. But now that it's happened, I'm feeling better and better about it. Things are going to get worse before they get better.
