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Title: Stocks fall down due to trump catching the virus Post by: fiulpro on October 02, 2020, 12:39:03 PM Apparently I came across a news where it stated how the US stocks fell down due to Trump and the first lady catching the virus.
Here is the source: https://www.coindesk.com/bitcoin-stock-trump-covid (https://www.coindesk.com/bitcoin-stock-trump-covid) Apparently as usual people got to know this though Twitter. Now the person who wrote this speculated that due to president catching the virus : Australia ASX S&P 500 Bitcoins Gold ( which recovered quite fast) All of these fell down hours after the news. But the real question is: Are they related ? -The president for sure does hold a certain amount of public power to sway their decision for +/- but when we are talking about Trump , I do believe people instead of looking at trump are looking at the falling economy of the US and therefore have lost trust in the stocks itself. What is your take on this ? Is the economy dependent on the health of Trump? Title: Re: Stocks fall down due to trump catching the virus Post by: jackg on October 02, 2020, 12:52:40 PM Has he confirmed catching the virus or is it just speculation?
I think bitcoins price movement was a standard move also and not influenced greatly by external factors.... Title: Re: Stocks fall down due to trump catching the virus Post by: avikz on October 02, 2020, 01:25:34 PM Quote Australia ASX S&P 500 Bitcoins Gold ( which recovered quite fast) ??!! ??? What's the bloody relation between Trump and these indexes and stock?? Apparently I don't find anything at all! The global market is going through an economic turmoil right now due to which the prices of any stocks can go nuts anytime. But definitely not due to the news that Trump got Covid. Instead, I believe the US market as well as the world market should cheer about this news and the stocks should go up! Title: Re: Stocks fall down due to trump catching the virus Post by: Broly46 on October 02, 2020, 01:40:21 PM Yeah it seem just coincidence
Title: Re: Stocks fall down due to trump catching the virus Post by: stompix on October 02, 2020, 01:51:46 PM Apparently I came across a news where it stated how the US stocks fell down due to Trump and the first lady catching the virus. Australia ASX S&P 500 Bitcoins Gold ( which recovered quite fast) Why did you not mentioned also the drop itself? Maybe because it's nothing remarkable? Quote The Australia ASX All Ordinaries is down 1.35%. In the U.S. markets, S&P 500 futures fell about 2%. S&P500 is now down only 0.92%, with Dow only 0.72%, this is nothing special, just a small bump. Yeah, Powell are printing trillions to pump up stocks, now trump can’t tell Powell to print more trillions, Why? Covid affects the smell, not the capacity to speak or tweet him. ;D Title: Re: Stocks fall down due to trump catching the virus Post by: Coyster on October 02, 2020, 02:27:21 PM Is the economy dependent on the health of Trump? The economy isn't dependent on the health of Trump, but a big news about Donald Trump (for example uncertainty around his life or whereabouts) can affect the stock market and maybe even Bitcoin (it could be positively or negatively), but Trump infected by covid-19 isn't a pretty big news (cause if he actually has it, he'll definitely recover), and that info is yet to be confirmed if truly the POTUS has actually contracted corona virus or not, the fall in the stocks/Bitcoin imo had nothing to do with Trump and his wife contracting Corona virus.Title: Re: Stocks fall down due to trump catching the virus Post by: Broly46 on October 02, 2020, 02:29:41 PM Quote . Why? Covid affects the smell, not the capacity to speak or tweet him. ;D “Tweet” Powell to print money? I don’t think so he need to personally go to him and verbally tell him to print money, I think Powell will run away from trump so he won’t get virus from him. Title: Re: Stocks fall down due to trump catching the virus Post by: Taskford on October 02, 2020, 02:32:43 PM Has he confirmed catching the virus or is it just speculation? I think bitcoins price movement was a standard move also and not influenced greatly by external factors.... Yes it's confirmed Read the article here: https://www.google.com/amp/s/amp.cnn.com/cnn/2020/10/01/politics/hope-hicks-positive-coronavirus/index.html For sure this will really affect more to the economy and I think the stock holders and others will back off for a while since there are troubles happening in the US and probably they will struggle to recover back their economy since they are so many of them are infected including their president. Title: Re: Stocks fall down due to trump catching the virus Post by: coolcoinz on October 02, 2020, 02:40:02 PM “Tweet” Powell to print money? I don’t think so he need to personally go to him and verbally tell him to print money, I think Powell will run away from trump so he won’t get virus from him. Melania seems to be doing everything she can to stay away from Trump and he managed to give her the virus ;) It's not like running away can help him in this case. Title: Re: Stocks fall down due to trump catching the virus Post by: Broly46 on October 02, 2020, 02:43:22 PM “Tweet” Powell to print money? I don’t think so he need to personally go to him and verbally tell him to print money, I think Powell will run away from trump so he won’t get virus from him. Melania seems to be doing everything she can to stay away from Trump and he managed to give her the virus ;) It's not like running away can help him in this case. The virus has to be transmitted by air, that’s high time to lock up his mouth with ultra thick face mask so no virus will be spread into the air from his foul mouth. Title: Re: Stocks fall down due to trump catching the virus Post by: bitbollo on October 02, 2020, 02:45:30 PM The real news is: COVID19 is something real.
Even if you don't believe in it, even if you don't wear mask, if you get in trouble (and you are a bit older) it's a SERIOUS issue. That's all. During these months all markets have been a lot focused on COVID19 news. Now it's pretty clear, meanwhile some countries are living for a second wave, some other have seen just a unique big number of incidents related to the disease. For sure this was an unexpected news. He has been very desecrating on this disease, like Bolsonaro and Johnson he has just depicted the disease as a "joke" nothing to be taken serious. Title: Re: Stocks fall down due to trump catching the virus Post by: Bttzed03 on October 02, 2020, 02:46:13 PM ~ Is the economy dependent on the health of Trump? It's the uncertainty on what might happen to the economy if Trump steps down due to COVID-19. Sudden change in leadership could either cause panic or investor confidence. The drop isn't that significant though to suggest it's the reason.Title: Re: Stocks fall down due to trump catching the virus Post by: wxxyrqa on October 02, 2020, 03:33:57 PM ~ Is the economy dependent on the health of Trump? It's the uncertainty on what might happen to the economy if Trump steps down due to COVID-19. Sudden change in leadership could either cause panic or investor confidence. The drop isn't that significant though to suggest it's the reason.Title: Re: Stocks fall down due to trump catching the virus Post by: Ayiranorea on October 02, 2020, 03:48:26 PM ~ Is the economy dependent on the health of Trump? It's the uncertainty on what might happen to the economy if Trump steps down due to COVID-19. Sudden change in leadership could either cause panic or investor confidence. The drop isn't that significant though to suggest it's the reason.Title: Re: Stocks fall down due to trump catching the virus Post by: exstasie on October 02, 2020, 04:54:58 PM All of these fell down hours after the news. But the real question is: Are they related ? Probably. Correlation is not causation, but in this case it's pretty obvious what all the markets were reacting to. Looks to me like the dip was bought. 1-2 hours of panic yesterday, but the selloff has now been fully retraced. The market seems unconcerned. Is the economy dependent on the health of Trump? The markets are, to some extent. We're getting close to the election. Trump winning the election means a continuation of his pro-business policies (taxes, regulations, and so on). If his health deteriorates, I could see it having a negative effect on the market as investors start planning for a Biden win. Title: Re: Stocks fall down due to trump catching the virus Post by: so98nn on October 02, 2020, 04:57:28 PM Definitely a nightmarish coincidence!! There is no relationship between their family and stocks falling. He doesn't control them in anyway since stocks are directly dependent on decision making process of giant brokers, common people, and rest of the world's trade movement.
Considering rest of the world and Trump alone I don't see any slightest relation in stock downfall. So tomorrow you may predict that stocks are going up because well trump and their family is recovering from the whole stuff. I don't think it works that way. Who else think like that. Title: Re: Stocks fall down due to trump catching the virus Post by: mu_enrico on October 02, 2020, 05:01:17 PM Is the economy dependent on the health of Trump? Not only Trump's health but the upcoming election result also significantly affect stock markets. Simply put, if Bidden gets elected, the market will tank like in a recession. The market is pro-Trump, maybe because big players are his supporters.The funny thing on yesterday-today is, when the stock market tank, the crypto market follows. Title: Re: Stocks fall down due to trump catching the virus Post by: ChrisPop on October 02, 2020, 05:04:46 PM The health of the US President is certainly a factor that has a lower or higher impact on the stock market. A sick president would certainly affect his decision-making and a change of the so called "most powerful man in the world" would certainly create some havoc in the markets.
Title: Re: Stocks fall down due to trump catching the virus Post by: jrrsparkles on October 02, 2020, 05:15:15 PM I don't think there will be any relation of the price fall of stocks and cryptos with the trump and his wife has been tested positive for the corona virus.Probably this just turned into speculation and big hands used to situation to dump their stocks for small profits in very short time frame.
Title: Re: Stocks fall down due to trump catching the virus Post by: Febo on October 02, 2020, 06:23:07 PM Apparently I came across a news where it stated how the US stocks fell down due to Trump and the first lady catching the virus. But the real question is: Are they related ? Yes these news are related. Stock markets reacts even on rumours. Market moves but can then also bounce back if rumour is false or if reaction was dumb. There will be zero difference if Trump lays in bed for half year USA will work as it worked fro decades. Title: Re: Stocks fall down due to trump catching the virus Post by: DabsPoorVersion on October 02, 2020, 11:17:19 PM I don't think there will be any relation of the price fall of stocks and cryptos with the trump and his wife has been tested positive for the corona virus.Probably this just turned into speculation and big hands used to situation to dump their stocks for small profits in very short time frame. Yes, this is just pure speculation to make the price of stocks to fall down,This is just another method or FUD to make investors dump their stocks or those easily be affected by this kind of news to dump immediately so the price of the market will also go down. There is no relation between the said news. Title: Re: Stocks fall down due to trump catching the virus Post by: blockman on October 02, 2020, 11:43:46 PM Has he confirmed catching the virus or is it just speculation? It's confirmed that him and Melania were positive of the corona virus disease 19. This is his actual tweet and he confirmed it. (https://twitter.com/realDonaldTrump/status/1311892190680014849)Washingpost article (https://www.washingtonpost.com/nation/2020/10/02/coronavirus-covid-live-updates-us/) Title: Re: Stocks fall down due to trump catching the virus Post by: Hydrogen on October 02, 2020, 11:59:13 PM Trump advocates tax cuts to boost job creation and economic growth. While Joe Biden advocates massive tax hikes that normally carry an opposite effect. I would expect a massive stock market crash if Biden beat Trump in the 2020 elections. Democrats love corona virus lockdowns and tax hikes. Both are massive destroyers of jobs and business in the country.
One of the biggest US stock market crashes of all time occurred when the world trade centers were bombed on 9/11/2001. Investors are quick to sell and slow to buy with projections focusing upon worst case scenarios rather than what the smartest investor is likely to do. Its the lowest common denominator and least intelligent investor that defines what market trends will be moreso than the inverse opposite. Mad races to the bottom, which appear silly in hindsight are normalized. Title: Re: Stocks fall down due to trump catching the virus Post by: Kemarit on October 03, 2020, 02:00:31 AM I don't think there will be any relation of the price fall of stocks and cryptos with the trump and his wife has been tested positive for the corona virus.Probably this just turned into speculation and big hands used to situation to dump their stocks for small profits in very short time frame. Yes, this is just pure speculation to make the price of stocks to fall down,This is just another method or FUD to make investors dump their stocks or those easily be affected by this kind of news to dump immediately so the price of the market will also go down. There is no relation between the said news. Well you have to look at it as a investor, every news can really affect the price of the market. And the correlation itself, although not that established, seems to be true, stocks and crypto market. We have seen some minor dump already, but it seems it will not result to a massive decline. The big catch here is who are going to be elected as the next US President. For me this will be huge for crypto, specially if Biden is elected as he might be as anti-crypto as we all have been suspected. Title: Re: Stocks fall down due to trump catching the virus Post by: The Sceptical Chymist on October 03, 2020, 02:13:06 AM I think bitcoins price movement was a standard move also and not influenced greatly by external factors.... Yeah, bitcoin barely moved since yesterday and I agree that some news like this, that a world leader came down with a virus, isn't going to affect the price of bitcoin, stocks, or anything else. I haven't been watching the news lately, but I did hear that he caught COVID-19--but who knows if that's true or not. Trump would pull any stunt he could to guarantee re-election for himself, so you never know. And if he did catch it, good for him. I'm not ashamed to say I'm happy he got infected, and I hope it's a bad case for him. Fuck Trump. All he's done in his four years as president is divide the country along identity lines, and I'm sick of it. Title: Re: Stocks fall down due to trump catching the virus Post by: suchmoon on October 03, 2020, 02:21:11 AM I haven't been watching the news lately, but I did hear that he caught COVID-19--but who knows if that's true or not. Trump would pull any stunt he could to guarantee re-election for himself, so you never know. And if he did catch it, good for him. I'm not ashamed to say I'm happy he got infected, and I hope it's a bad case for him. Fuck Trump. All he's done in his four years as president is divide the country along identity lines, and I'm sick of it. I think the correct way to deal with him is to vote, not wish illness or death. The diagnosis itself can't really tell us if this some kind of a stunt. Seems serious so far. And he's been seen in events where people wear no masks, don't keep the distance etc so the probability of him eventually getting it was quite significant. Now it depends on what he does next. If he pulls some kind of nonsense like an attempt to postpone election... well, it could still be that he's really ill, just using it to his advantage. Title: Re: Stocks fall down due to trump catching the virus Post by: Darker45 on October 03, 2020, 03:01:36 AM Is the economy dependent on the health of Trump? Of course not, although I would say it may have a short term effect, albeit insignificant. However, it seems the timing of the president and first lady catching the virus is very bad. The election is upcoming and the debates have not yet been through. Add to it that the US economy has been severely affected by the fast virus transmission within. Losing direct and hands-on presence from the highest leader in the middle of all this only exacerbates the economic situation. All in all, these make a very bad picture. I guess all these factors play a vital role in the falling of the stocks. But it's not just about Trump catching the virus. Title: Re: Stocks fall down due to trump catching the virus Post by: jackg on October 03, 2020, 03:05:13 AM I think the correct way to deal with him is to vote, not wish illness or death. I'd agree with that bit, he should really be voted out of the US wants to take itself seriously again and thinks he's not the best president (although it looks like they're now stuck with two not so good options)... I'm not sure but the US looks like its kinda sat on the embers of the booming economy it had in the 20th century, maybe they're relight able but I can see a potential for it to at least stabalise to lower levels of growth (as have been perceived in the UK). Yeah, bitcoin barely moved since yesterday and I agree that some news like this, that a world leader came down with a virus, isn't going to affect the price of bitcoin, stocks, or anything else. I saw some analysis that the UK stocks had fallen when Boris was declared ill (literally about an hour ago) but they didn't mention anything about when he got admitted to hospital and apparently the market was fast to recover (took 2 weeks) - this could remotely be attributed to EU negotiations though too... Title: Re: Stocks fall down due to trump catching the virus Post by: philipma1957 on October 03, 2020, 03:06:00 AM I think bitcoins price movement was a standard move also and not influenced greatly by external factors.... Yeah, bitcoin barely moved since yesterday and I agree that some news like this, that a world leader came down with a virus, isn't going to affect the price of bitcoin, stocks, or anything else. I haven't been watching the news lately, but I did hear that he caught COVID-19--but who knows if that's true or not. Trump would pull any stunt he could to guarantee re-election for himself, so you never know. And if he did catch it, good for him. I'm not ashamed to say I'm happy he got infected, and I hope it's a bad case for him. Fuck Trump. All he's done in his four years as president is divide the country along identity lines, and I'm sick of it. He is very good at this divide and conquer method. He is also over 74 and at least 50 pounds overweight. If he stays sick and disappears for a long time It will hurt his case. Oh "Kelley Ann Conway" now has it. Number is growing. Thom Tillis Mike Lee. 2 Republican senators got it. Thom is 60 Mike is 49. You know if Trump gets sicker and Pence gets it too Pelosi may become acting president. She could sign orders affecting the election big time. Fuck 2020 is a nut job year. Title: Re: Stocks fall down due to trump catching the virus Post by: worldofcoins on October 04, 2020, 04:17:50 AM I don't think Trump has a major issue with stock. It relies upon the economy and the exchanging cycle around the world.
The stock market is unstable and volatile the same as cryptocurrency so it's better to hold up till tomorrow. If the market is truly going to rely upon trump family then I Hope her wife others get well soon as could be expected under the circumstances. Title: Re: Stocks fall down due to trump catching the virus Post by: plr on October 04, 2020, 04:48:11 AM ~ Is the economy dependent on the health of Trump? It's the uncertainty on what might happen to the economy if Trump steps down due to COVID-19. Sudden change in leadership could either cause panic or investor confidence. The drop isn't that significant though to suggest it's the reason.Title: Re: Stocks fall down due to trump catching the virus Post by: jaysabi on October 04, 2020, 06:14:17 AM Is the economy dependent on the health of Trump? No, stocks drop whenever there is uncertainty and the president contracting Covid-19 is certainly a cause for a lot of uncertainty. The stocks will recover in short order though because this won't affect the economy. Also, stocks falling isn't the same as economic disruption, and there's no economic disruption that will happen because of this news, so the drop in stocks is artificial and unwarranted and will correct itself fairly quickly. Title: Re: Stocks fall down due to trump catching the virus Post by: Janation on October 04, 2020, 07:16:00 AM I heard the news but I don't any corellation in these two.
It is true that the price fell but I don't think that the reason of it is that President Trump and the first lady is tested positive of the virus. I think this is just a coincidence and it is well timed with this news. Title: Re: Stocks fall down due to trump catching the virus Post by: MCobian on October 04, 2020, 07:58:36 AM In my opinion, it's just a coincidence, with the news that President Trump is infected with the corona virus due to the decline in asset prices,
such as stocks, gold and Bitcoin. There is no related at all Trump's health with the decline in the price of Bitcoin, because the decline in the price of Bitcoin is still in the normal moves, it doesn't even drop below the $ 10,000 price tag. And today the Bitcoin price is recovering pretty fast, returning to a price of $ 10,600. So we don't trust 100% with all the news that appears, because not all news is valid. Title: Re: Stocks fall down due to trump catching the virus Post by: Yaunfitda on October 04, 2020, 08:33:49 AM It's weekends so I don't expect any movement at all, traditional markets is still on the negative side, but bitcoin somewhat trading on a sideways pattern of $10,500. So personally, the news did has impact all the markets around the world. So it will be interesting to see the market in Monday so see if this will continue. Let me quote Theymos here, and see what is his stance on the Trump vs Biden US Presidency.
I tend to visualize the price of Bitcoin as being composed of two components: a "digital gold" component which will behave similarly to gold, and a "risk asset" component which will behave like leveraged exposure to the S&P 500. (Neither with 100% correlation, of course, since Bitcoin is its own thing.) The gold component is maybe 20% of the price currently, while the risk-asset component is maybe 80% of the price, so the risk-asset component usually dominates. I think that any clear resolution to the election will boost risk assets significantly in the medium-term, Bitcoin included, since one of the biggest risks will be taken out of the picture. A chaotic, disputed election outcome will probably cause risk assets including Bitcoin to crash. If chaos lasts a long time, the "digital gold" component of the Bitcoin price may start to dominate more, and this may allow its price to recover more quickly than some other assets. Long-term, a Biden presidency is probably somewhat worse for Bitcoin, since his administration will be more anti-Bitcoin and will be much more likely to put forward harmful regulations. (Not that Trump is super pro-Bitcoin or anything...) I wouldn't expect these sorts of long-term predicted effects to cause much shorter-term price action, though, other than maybe a very-short-term panic crash. Title: Re: Stocks fall down due to trump catching the virus Post by: Kelvinid on October 04, 2020, 08:52:50 AM He's not in control of the market and so it is not probably the reason why we experience a declining sentiment. However, with his influence and power, people might have to worry about and have their minds to spend or convert their Bitcoin. But I believe that the spread of the said virus is slowing down, in fact, COVID-19 issues are not usually we've heard in the news. We are mostly done with this and hopefully, we can make a better start next year, with positive vibes and good insights.
Title: Re: Stocks fall down due to trump catching the virus Post by: AniviaBtc on October 04, 2020, 09:13:03 AM Yeah it seem just coincidence Yeah, there's no relationship between the two, if stocks fall down and at the same time Trump is infected by the virus, that is totally a coincidence. Don't make too much noise and issue pushing it to have a correlation. Even if Trump recover from the virus, he can still not fix and make the stocks recover when it is in a downward state. Title: Re: Stocks fall down due to trump catching the virus Post by: gabbie2010 on October 04, 2020, 09:14:52 AM He's not in control of the market and so it is not probably the reason why we experience a declining sentiment. However, with his influence and power, people might have to worry about and have their minds to spend or convert their Bitcoin. But I believe that the spread of the said virus is slowing down, in fact, COVID-19 issues are not usually we've heard in the news. We are mostly done with this and hopefully, we can make a better start next year, with positive vibes and good insights. Though he is not in control of the market however the moment the news came out almost all market fell down,stock, forex, cryptos all were affected however most of them recovered quickly, In the case of Covid-19 virus slowing down I don't that believe that is true from latest news across the world a second wave of the virus is currently recorded in some European countries with some the countries introducing lockdown measures again.Vaccine is the only solution to stop the pandemic which will probably be ready in 2021. Title: Re: Stocks fall down due to trump catching the virus Post by: rollingdice on October 04, 2020, 10:01:25 AM I'm sure there are many factors affecting Bitcoin and stocks prices. Trump's positive covid test isn't related to the assets' movements. Journalists connected two events to make clickable headlines.
Title: Re: Stocks fall down due to trump catching the virus Post by: oHnK on October 04, 2020, 03:26:50 PM I'm sure there are many factors affecting Bitcoin and stocks prices. Trump's positive covid test isn't related to the assets' movements. Journalists connected two events to make clickable headlines. Really, I also believe that the decline in stock prices and Trump's positive covid-19 was just a coincidence and was deliberately linked. The media enlarge this issue in order to attract viewers and readers only to get more benefits. However, if the decline in stock prices is due to news about the health of the trump, I am sure that the stock price will return to normal soon, because the health of the trump is not fundamental. Title: Re: Stocks fall down due to trump catching the virus Post by: Mauser on October 04, 2020, 03:50:29 PM I'm sure there are many factors affecting Bitcoin and stocks prices. Trump's positive covid test isn't related to the assets' movements. Journalists connected two events to make clickable headlines. Really, I also believe that the decline in stock prices and Trump's positive covid-19 was just a coincidence and was deliberately linked. The media enlarge this issue in order to attract viewers and readers only to get more benefits. However, if the decline in stock prices is due to news about the health of the trump, I am sure that the stock price will return to normal soon, because the health of the trump is not fundamental. Usually election in USA are very good for the stock market because the new presidents usually promise a lot of new reforms. Now with the corona pandemic still going on the times might be different and there is more downward pressure on stocks all around the world. But I think once the election is over and there is more certainty with a corona vaccine there will be a big jump in stock and all other asset classes. I wouldn't be selling my funds at the moment, going to hold my ETF funds atleast until the end of the year before I do any repositioning. Why pay all these transactions fees if it's just going up again in a few weeks? Title: Re: Stocks fall down due to trump catching the virus Post by: goldade on October 04, 2020, 04:58:00 PM Although I do agree that certain big news do affect the market causing causing a fall or rise of the stock market, the forex market and even the bitcoin market, I do not think President Trump catching the virus is a news bug enough to do that. The market is not dependent on the the illness or well-being of an individual however powerful he may be.
I believe the fall in stocks was just some sort of coincidence cause President Trump only contracted the virus which he'll definitely recover from. I have read from preceding users' posts that it is only a ploy of journalists and reporters to link the two events together to attract more people to read their articles and I do agree with this. Title: Re: Stocks fall down due to trump catching the virus Post by: Fredomago on October 04, 2020, 05:05:52 PM Although I do agree that certain big news do affect the market causing causing a fall or rise of the stock market, the forex market and even the bitcoin market, I do not think President Trump catching the virus is a news bug enough to do that. The market is not dependent on the the illness or well-being of an individual however powerful he may be. Some sort of linking the issue to current movement, but reality wise there's none. I believe the fall in stocks was just some sort of coincidence cause President Trump only contracted the virus which he'll definitely recover from. I have read from preceding users' posts that it is only a ploy of journalists and reporters to link the two events together to attract more people to read their articles and I do agree with this. Stock holders are making there moves according to how they feel the market conditions with such news some big whales can do an artificial dive to catch those weak investors who always riding with fears. Unknowingly that there's no real reason but it's just a plan to bring the President and his first lady's healths to shake the market. Title: Re: Stocks fall down due to trump catching the virus Post by: oHnK on October 04, 2020, 05:43:29 PM I wouldn't be selling my funds at the moment, going to hold my ETF funds atleast until the end of the year before I do any repositioning. Why pay all these transactions fees if it's just going up again in a few weeks? Well, maybe right now the best step in this situation is to hold your funds, because in this uncertain situation the price can go down or even go up for a very simple reason. You don't want to pay huge fees for this uncertainty. Title: Re: Stocks fall down due to trump catching the virus Post by: Ridwan Fauzi on October 04, 2020, 10:31:30 PM In the previous months Gold, SP500, Bitcoin, and some stock exchange they have the same movement. We will see bitcoin fall if their price falls also, I don't know it happens, it could that many bitcoin users now include that bitcoin is an asset like gold and its price will be the same as similar assets. As for Trump's life, I don't think their price movement depends on his life.
This virus has killed many people and indeed before this virus came, almost all investment places experienced a decline, except for the health sector. And we all know that the US government has a power or one of the countries that has a major influence on economic conditions, the impact is not only for the country itself but can have an impact on other countries or other investment places such as bitcoin. Title: Re: Stocks fall down due to trump catching the virus Post by: bryant.coleman on October 05, 2020, 05:10:02 AM Usually election in USA are very good for the stock market because the new presidents usually promise a lot of new reforms. Now with the corona pandemic still going on the times might be different and there is more downward pressure on stocks all around the world. But I think once the election is over and there is more certainty with a corona vaccine there will be a big jump in stock and all other asset classes. I wouldn't be selling my funds at the moment, going to hold my ETF funds atleast until the end of the year before I do any repositioning. Why pay all these transactions fees if it's just going up again in a few weeks? The stock market crashed once (April-May 2020) and then recovered. Now I don't think that there will be any additional impact of the pandemic on the stock markets. Even the oil prices are back to the previous levels. Economy has restarted in most of the countries, and the number of infections are going down in almost all the countries (including the US, India and the EU). Title: Re: Stocks fall down due to trump catching the virus Post by: teosanru on October 05, 2020, 05:57:05 AM Apparently I came across a news where it stated how the US stocks fell down due to Trump and the first lady catching the virus. What i was thinking was that whether this was a reaction due to the post of the President of United states or it was due to Trump specifically because if it was due to trump it shows that public sentiment is attached to trump and they think of him as good for the markets.Here is the source: https://www.coindesk.com/bitcoin-stock-trump-covid (https://www.coindesk.com/bitcoin-stock-trump-covid) Apparently as usual people got to know this though Twitter. Now the person who wrote this speculated that due to president catching the virus : Australia ASX S&P 500 Bitcoins Gold ( which recovered quite fast) All of these fell down hours after the news. But the real question is: Are they related ? -The president for sure does hold a certain amount of public power to sway their decision for +/- but when we are talking about Trump , I do believe people instead of looking at trump are looking at the falling economy of the US and therefore have lost trust in the stocks itself. What is your take on this ? Is the economy dependent on the health of Trump? This could also play a great role in elections. I believe if trump stays under Covid for a few days he would miss couple of presidential debates too which could be better for him after seeing his first debate. Lol. Title: Re: Stocks fall down due to trump catching the virus Post by: Sapphire915 on October 05, 2020, 01:23:50 PM Im caught between the middle of the question. Maybe its just a coincedence, and we cant put all the blame to Trump.. but apparently, the economy can be affected by the health condition of President Trump because he is the leader, he is always the final decision maker to everything about the country. In this trying times, we need to set aside the political issues and we just hope he will be better soonest as well as his wife who was also infected by covid-19.
Title: Re: Stocks fall down due to trump catching the virus Post by: Kasabus on October 05, 2020, 02:33:14 PM Im caught between the middle of the question. Maybe its just a coincedence, and we cant put all the blame to Trump.. but apparently, the economy can be affected by the health condition of President Trump because he is the leader, he is always the final decision maker to everything about the country. In this trying times, we need to set aside the political issues and we just hope he will be better soonest as well as his wife who was also infected by covid-19. This is really a big news and maybe one of the reasons why these stocks have been in a sudden decline. Big news create big events. Even if Trump is not taking covid 19 as a serious one, but what had happened to him and to his wife might change his perception aboit covid 19. Still, we just hope that they will have a fast recovery and still praying for their good health.Title: Re: Stocks fall down due to trump catching the virus Post by: Xembin on October 05, 2020, 03:21:33 PM Quote -The president for sure does hold a certain amount of public power to sway their decision for +/- but when we are talking about Trump , I do believe people instead of looking at trump are looking at the falling economy of the US and therefore have lost trust in the stocks itself. Yes because Trump is the president of US, so he has the power to reduce and increase the economy of the country. I think the government will do everything possible to make sure Trump and his wife are free from corona virus because if the president remain in such condition for a long time it will collapse the economy of the country. What is your take on this ? Is the economy dependent on the health of Trump? Title: Re: Stocks fall down due to trump catching the virus Post by: slapper on October 05, 2020, 03:37:29 PM He is the president of the United State, the strongest country in the world in which influence mostly everything globally. And there is nothing to be surprised that his infection can easily impact the stock market. Even the Dollar was slightly sold off when the news confirmed he was a victim of COVID-19.
The 2020 United States presidential election will soon come and this makes the situation even worse since he is one of the candidates for the next term of the president. I hope that he will be fine and has enough strength to govern the country during the most complicating time. Title: Re: Stocks fall down due to trump catching the virus Post by: oHnK on October 05, 2020, 04:06:08 PM Im caught between the middle of the question. Maybe its just a coincedence, and we cant put all the blame to Trump.. but apparently, the economy can be affected by the health condition of President Trump because he is the leader, he is always the final decision maker to everything about the country. In this trying times, we need to set aside the political issues and we just hope he will be better soonest as well as his wife who was also infected by covid-19. Hopefully Trump and his wife get well soon, but the stock market's decline will not last long, because it will return to its original position. The issue of Trump being positive for Covid-19 is not a fundamental issue for investors, I am sure that in the future stock prices will go to a point before Trump tests positive. The media only enlarges the issue in order to attract readers' interest and this issue is used by some parties to do short selling. Title: Re: Stocks fall down due to trump catching the virus Post by: uray on October 05, 2020, 05:17:27 PM Really, I also believe that the decline in stock prices and Trump's positive covid-19 was just a coincidence and was deliberately linked. The media enlarge this issue in order to attract viewers and readers only to get more benefits. However, if the decline in stock prices is due to news about the health of the trump, I am sure that the stock price will return to normal soon, because the health of the trump is not fundamental It is not a mere coincidence that the stock market went down on hearing about the news that the president of US is Corona positive, he is a candidate for the next election and it will have an implication on the entire market as well. The health of the president is fundamental as the policies he follows will have an implication on the economic structure of the country.Title: Re: Stocks fall down due to trump catching the virus Post by: Yatsan on October 05, 2020, 08:05:20 PM The confirmation of Donald Trump for having a coronavirus and the relation to the declination or fall of the stocks are more likely coincidence or maybe there could be a small correlation since the election day is nearly approaching on which the switch or possible changing of leadership is being a big news or the center of attention by everybody in US aside from them having still the most number of covid-19 cases and now that their leader is infected by the same virus. There might be a little bit of chance that there is a relationship for the reason why the stocks have fall down after the confirmation of Trump's infection which might be investors came into panic because of the news but the fall was just a small percentage and nothing to get to be so much put into panic.
It is not a mere coincidence that the stock market went down on hearing about the news that the president of US is Corona positive, he is a candidate for the next election and it will have an implication on the entire market as well. The health of the president is fundamental as the policies he follows will have an implication on the economic structure of the country. Possibly that could be a good point since the election day is coming and Trump is one of the candidate and the implementations regarding the market as of now is still under his administration. Title: Re: Stocks fall down due to trump catching the virus Post by: Eternad on October 05, 2020, 08:10:24 PM He is the president of the United State, the strongest country in the world in which influence mostly everything globally. And there is nothing to be surprised that his infection can easily impact the stock market. Even the Dollar was slightly sold off when the news confirmed he was a victim of COVID-19. The 2020 United States presidential election will soon come and this makes the situation even worse since he is one of the candidates for the next term of the president. I hope that he will be fine and has enough strength to govern the country during the most complicating time. US should be more stricter in implementing protocols to avoid Covid, they should not treat it as if not a serious matter since it's really deadly. The stock market and election will be greatly affected but will still move forward and can recover when Trump finally results negative and we all hope that the President will be healed real soon so he'll be able to govern and implement rules based on what he experienced during his quarantine and recovering days. Title: Re: Stocks fall down due to trump catching the virus Post by: Stedsm on October 05, 2020, 08:16:50 PM I believe that the US stocks were likely to see a drop after watching their own President getting affected by Coronavirus which they had been tackling since more than 5 months. It's true that this cannot be directly correlated to Trump because he can't be the reason alone here but yeah, after his news came, the markets which were already red got more declined in their values making him the talk of the town while the news played some indirect role in that decline.
Title: Re: Stocks fall down due to trump catching the virus Post by: wheelz1200 on October 05, 2020, 11:59:17 PM 100% its related. The bigger chance for another sweeping shutdown will certainly impact the economy so the markets adjust for those chances increase. In times of unease markets always slide this being just another example.
Title: Re: Stocks fall down due to trump catching the virus Post by: AicecreaME on October 06, 2020, 01:50:36 AM I think Trump’s health has a factor though not that much to the stock market like what is stated according to the article you cited.
Trump is the president of the U.S. and definitely when his health is deteriorating, his capability to lead will decline as well. It might affect the market as he could make half-baked decisions because of the status of his well-being. The investors could also lost confidence to his leadership that could result at pulling out stocks because of the fear of dollar devaluation. At the same time, stock market moves somehow base on the circulating news. If the news casted was negative, it can create a sudden lowering of stocks and vice-versa. However, the stock market is dynamic enough to recover once the news is verified. In addition, I think the reason why stocks is moving from time to time is also because of the upcoming elections and not just entirely about Trump contacting the virus. As you know, Trump is an economist and somehow business inclined. If Trump would lose in the upcoming elections because of investors lack of trust to him, establishments would face some losses because Biden would win which promotes state equality and not really focused on state businesses. Title: Re: Stocks fall down due to trump catching the virus Post by: Wexnident on October 06, 2020, 01:55:45 AM Merely coincidental I suppose. Even if it was, I don't think stocks would impact that hard, nor would it actually last in the long term. Still, Trump having the virus is big news, and most who heard of it would probably look for plausible effects literally everywhere, from businesses to stocks, so it wouldn't also be odd for it to affect it but then again, it's just "plausible", and I would actually put the numbers of those chance at the lower end. Even if we do take into account the election that's just around the corner, I still don't think it would have that much of an impact. Heck, I'd place more bets on the election being the reason for stocks actually going down or up, instead of Trump getting the virus.
Title: Re: Stocks fall down due to trump catching the virus Post by: Shasha80 on October 06, 2020, 02:55:37 AM Many people argue that the decline in stock market prices is a coincidence with Trump catching the virus. Whereas for me,
Trump's health is very fundamental to the world economy, especially for the investment world in America. Moreover, the presidential election will soon be held, so whatever happens to Trump will affect the economy. And also since Trump is an American president, which has influence for the world economy all of its decisions. So if anything happens to Trump and a change of leaders occurs, it will change economic policy. So it is very closely related to the decline in stock market prices, after reportedly Trump was positively infected with corona. Title: Re: Stocks fall down due to trump catching the virus Post by: crwth on October 06, 2020, 03:13:53 AM What don’t I get why people would stop investing or pulling out their money within stocks in the United States just because their leader contracted the virus? I think it wouldn’t affect the outcome or efficiency of the companies that are invested upon, but yet prices still went down?
If the investors were always checking up on the leader's well-being, then I think they would have pulled out earlier or something like that. With all the news regarding Trump. Don’t you think so? Trump's health is very fundamental to the world economy, especially for the investment world in America. Being the leader of the united states Is definitely essential to the stock prices that are found in their territory. Because it is dependent on the government in what they impose towards their rules with companies. Title: Re: Stocks fall down due to trump catching the virus Post by: Apes on October 06, 2020, 03:43:22 AM this not suprising if US stock fall down after trump ctching the virus, many countries have experienced economic decline due to this pandemic,
trump just a triggers for the economic downturn from global pandemic effects and this should come as no surprise. I believe that after trump recovery he will give economic impact even though the results will not be significant, because building a global economy requires global cooperation. Title: Re: Stocks fall down due to trump catching the virus Post by: PonziSkeem on October 06, 2020, 04:27:03 AM What people need to understand is that every day movement in the stock market is largely governed by large institutional brokerages all looking to eke out profit from trading on minute changes in stock prices. This is what happens when assets are not widely dispersed - small shareholders like 90+% of global investors have zero control over intraday movements.
This is true of any asset - decentralisation is what is required. It's a warning cry to stakeholders in the crypto community. We must never allow crypto ownership to be centralised. My statement here is probably too late when you look at some coins. You guys know what I'm talking about. Title: Re: Stocks fall down due to trump catching the virus Post by: stompix on October 06, 2020, 04:28:46 AM Hopefully Trump and his wife get well soon, but the stock market's decline will not last long, because it will return to its original position. Hihi, it took exactly one weekend, shorter probably that anyone could have thought. When I heard about his recovery I instantly remember this topic and checked the stock market. Dow is at 28.148, highest in 30 days, Nasdaq is just one point below the highest in the same period, so at least the dump, if indeed it was caused by Trump illness has already been recovered and maybe the next day as Tuesday hasn't yet started will show even higher growth. ASX who dropped 1.41 on Friday has recovered 2.54 on Monday and now again up by 0.43, so Europe and US might follow. Ps. Oil is up 5%. Title: Re: Stocks fall down due to trump catching the virus Post by: Alucard1 on October 06, 2020, 06:09:03 AM Is it really true that Trump has COVID now? I haven't read any news about it so far, but if that is true I think there is no relation between the price of the bitcoin and the president. The presidency is much different from the movement of the price of the bitcoin.
The real news is: COVID19 is something real. That is true, its a serious problem of our economy right now, our president and any government officials are prone from the virus because they are still having some meetings and they sometimes go outside just to help and to check the situation of the society. Even if you don't believe in it, even if you don't wear mask, if you get in trouble (and you are a bit older) it's a SERIOUS issue. That's all. Title: Re: Stocks fall down due to trump catching the virus Post by: shoreno on October 06, 2020, 07:06:22 AM Is it really true that Trump has COVID now? I haven't read any news about it so far, but if that is true I think there is no relation between the price of the bitcoin and the president. The presidency is much different from the movement of the price of the bitcoin. this can be true . trump is famous enough to not update his health problems because even celebs are also on the news before when they got the said virus .i just dont know why people connect the issue to the fall of the price of stocks but what if there are other news aside from this that we dont know like if trump sells his stocks and btc in preparation just in case , you know ;) . well if that is the case then thats something has to do with the price Title: Re: Stocks fall down due to trump catching the virus Post by: Dorodha on October 06, 2020, 07:50:28 AM Trump's role is more effective in shaping the economy stock markets are shrinking as Trump seeks to protect the public from being caught in the virus and the amount of investment to keep him in a separate place is declining. But it will last longer as soon as the effects of the epidemic subside everything will return to its former place. Although Trump has been attacked he has not stopped everything he is trying to rebuild the economy in the interest of recovery.
Title: Re: Stocks fall down due to trump catching the virus Post by: iamsheikhadil on October 06, 2020, 08:04:28 AM I think it's a mere co-incidence. The President gets the best of health care and hence, even if he has really caught the virus (which I think is a myth as it can be a way to gain sympathy votes), then also he will be just fine with getting best medical treatments! These stocks might not be are connected, and maybe they just fall down because of other reasons. However, the election results will surely affect and influence stock prices and markets a lot.
Title: Re: Stocks fall down due to trump catching the virus Post by: Mauser on October 06, 2020, 08:10:26 AM Trump's role is more effective in shaping the economy stock markets are shrinking as Trump seeks to protect the public from being caught in the virus and the amount of investment to keep him in a separate place is declining. But it will last longer as soon as the effects of the epidemic subside everything will return to its former place. Although Trump has been attacked he has not stopped everything he is trying to rebuild the economy in the interest of recovery. Trump is already back in the white House. Looks like the corona infection wasn't as severe as most people that. In my opinion these panic sells based on a single news events are too extreme and tend to be over selling. Stock prices are recovering already and most of the investors just paid transaction fees to sell and rebuy now. A more cautious approach to investing is key in my opinion. Title: Re: Stocks fall down due to trump catching the virus Post by: Leviathan.007 on October 06, 2020, 09:18:15 AM Hearing president Trump catching corona virus was a really bad and negative fundamental new for the US stocks for this week. However the got out of the hospital without of any issue and this positive fundamental news made the stocks markets to move high again. Dow Jones rising again so we won't have any problem, currently. However, in this moment of the time, if you compare the stocks market to bitcoin and crypto market, you will see a very interesting point where bitcoin was not effected by this fundamental news and stayed stable in the place which is real advantage for it.
Title: Re: Stocks fall down due to trump catching the virus Post by: ReiMomo on October 06, 2020, 10:36:01 AM Every wise economist knows how the President's health (mental/physical) is very important in how the economy would work.
Every decision the presidents would do will totally influence the economy. Just imagine how the country's economy works. Emotions are always there since it is politics. Of course, not feeling good is one of the things that affects emotion and decisions. But as what I can see here is the temporary effect which is not long last, as a matter of fact, the price of the market didn't have a massive downtrend and yet, it seems there will be a bounced back after the short corrections happened that started yesterday. Title: Re: Stocks fall down due to trump catching the virus Post by: Vishnu.Reang on October 06, 2020, 11:33:49 AM Trump is already back in the white House. Looks like the corona infection wasn't as severe as most people that. In my opinion these panic sells based on a single news events are too extreme and tend to be over selling. Stock prices are recovering already and most of the investors just paid transaction fees to sell and rebuy now. A more cautious approach to investing is key in my opinion. Since yesterday was Sunday, markets were closed. Asian and European markets have shot up by 1.5% to 2% today (Monday). This is good news on multiple fronts. First of all, Trump recovered from the infection and he no longer has to worry about getting infected again (he already has the antibodies, so he won't fall sick again). And secondly, his recovery has proven that for the vast majority of the people, the Coronavirus doesn't cause much sickness (Donald Trump is 74 -years old, and he is regarded as overweight). Title: Re: Stocks fall down due to trump catching the virus Post by: Kong Hey Pakboy on October 06, 2020, 05:51:54 PM Hearing president Trump catching corona virus was a really bad and negative fundamental new for the US stocks for this week. However the got out of the hospital without of any issue and this positive fundamental news made the stocks markets to move high again. Dow Jones rising again so we won't have any problem, currently. However, in this moment of the time, if you compare the stocks market to bitcoin and crypto market, you will see a very interesting point where bitcoin was not effected by this fundamental news and stayed stable in the place which is real advantage for it. Trump catching the virus do really result a huge impact on the stock market because most of them have fallen their prices. Good thing that the president got back in the white house and recovered from the virus. It is the reason why bitcoin and cryptocurrencies have already proved itself that it can save our financial system from collapsing while in the middle of the pandemic of Coronavirus, and bitcoin is still stable and growing. Unlike stocks and banks, they are still struggling from the recession. Title: Re: Stocks fall down due to trump catching the virus Post by: Police Indo on October 06, 2020, 10:50:57 PM Approaching the Presidential Election, the Wall Street stock market trend; The Dow Jones (DJIA), S&P and Nasdaq will all face pressure. This volatility will also affect other global stock exchanges. However, several economic indicators in the US are showing signs of improvement. The PMI index in the US is starting to rise, because market players are also watching the development of several countries in dealing with the Coronavirus outbreak apart from Trump's sentiment,
Title: Re: Stocks fall down due to trump catching the virus Post by: wheelz1200 on October 06, 2020, 11:34:31 PM Trump's role is more effective in shaping the economy stock markets are shrinking as Trump seeks to protect the public from being caught in the virus and the amount of investment to keep him in a separate place is declining. But it will last longer as soon as the effects of the epidemic subside everything will return to its former place. Although Trump has been attacked he has not stopped everything he is trying to rebuild the economy in the interest of recovery. Trump is already back in the white House. Looks like the corona infection wasn't as severe as most people that. In my opinion these panic sells based on a single news events are too extreme and tend to be over selling. Stock prices are recovering already and most of the investors just paid transaction fees to sell and rebuy now. A more cautious approach to investing is key in my opinion. Thats how the markets work though, they react to world news. And the possibility of something like that which could potentially impact the US election will certainly effect the market. While I dont think its an issue there is increased risk of uncertainty that will always lead to short term dips in price. Title: Re: Stocks fall down due to trump catching the virus Post by: LogitechMouse on October 07, 2020, 12:31:54 AM All of these fell down hours after the news. Some bad news happened = may affect the stock market as a whole. I just see the price of some stocks like S&P, Dow Jones and Nasdaq and they are all down at more than 1%.But the real question is: Are they related ? Stock Market and Bitcoin's price are correlated and we just saw Bitcoin go down below 1% too at $10,500. What is your take on this ? I only don't like the fact that he has a virus and yet he is just roaming around and without any masks. I feel pity for the people who are supporting a president who doesn't even know to follow the protocols? Why because he is the president and he ain't afraid of the virus?? Well lets just see observe his health in the next days if really he has COVID19. His staffs are kinda sketchy and dodging the questions of reporters regarding his health status.Title: Re: Stocks fall down due to trump catching the virus Post by: abhiseshakana on October 07, 2020, 02:53:05 AM Since yesterday was Sunday, markets were closed. Asian and European markets have shot up by 1.5% to 2% today (Monday). This is good news on multiple fronts. First of all, Trump recovered from the infection and he no longer has to worry about getting infected again (he already has the antibodies, so he won't fall sick again). And secondly, his recovery has proven that for the vast majority of the people, the Coronavirus doesn't cause much sickness (Donald Trump is 74 -years old, and he is regarded as overweight). So the Corona drug and Trump's recovery from Covid could be a game changer in Trump's political career, which is now in a weaker position compared to Biden. If Trump is completely cured of Covid with a drug that has just been discovered, Trump will be considered a hero and a symbol of the US conquest of the pandemic. The winner will write the story and make history. Title: Re: Stocks fall down due to trump catching the virus Post by: GreenStox on October 07, 2020, 04:06:05 AM it's like they are not afraid of the virus, but to control the price or an asset which is influenced by this news.
when Trump announced that he and his wife had Covid 19, it was like a conspiracy or had been planned. We don't know if this is true, but I hope the president and wife are well. Title: Re: Stocks fall down due to trump catching the virus Post by: bearexin on October 07, 2020, 04:10:06 AM You said people got to know about this through Twitter, can you drop the Twitter handle that announced it first?
I saw it on the news , though I don’t know if it’s true or not, but it’s everywhere on the news and there are lots of websites carrying the news. I have not even checked the price of Bitcoin today till I saw this post and checked my Blockchain wallet and the price has dropped over three percent today. It seems like whenever there is an event like this, the price of Bitcoin goes the same direction with other assets like gold and S&P 500, been noticing that. But on a normal the price doesn’t correlate. Title: Re: Stocks fall down due to trump catching the virus Post by: riskyron on October 07, 2020, 08:33:14 AM From what I read it looks like Trump deliberately tanked the stock market. Was there some insider trading involved?
I was in the middle of selling some stock when that got announced. Luckily I still sold but missed out on $4 / share...eventually it went down $8. ...but it will likely be up $10 tomorrow. Title: Re: Stocks fall down due to trump catching the virus Post by: oHnK on October 07, 2020, 04:43:38 PM It is not a mere coincidence that the stock market went down on hearing about the news that the president of US is Corona positive, he is a candidate for the next election and it will have an implication on the entire market as well. The health of the president is fundamental as the policies he follows will have an implication on the economic structure of the country. I dont think so, this is not fundamental. I still believe the stock market will be fine. It may be true that this is not a coincidence but it is also not a decline to be very worried about. The effects of falling stocks due to the health of the trump will not last long. Although Trump is a candidate for the US election, it will only be temporary. Title: Re: Stocks fall down due to trump catching the virus Post by: jaysabi on October 07, 2020, 05:21:06 PM Yeah it seem just coincidence Yeah, there's no relationship between the two, if stocks fall down and at the same time Trump is infected by the virus, that is totally a coincidence. Don't make too much noise and issue pushing it to have a correlation. Even if Trump recover from the virus, he can still not fix and make the stocks recover when it is in a downward state. It's absolutely related. Any time there is potentially huge changes to the way the American government runs, it creates uncertainty in the market, and uncertainty is almost universally guaranteed to make the markets go down. Uncertainty is the one thing the markets hate more than anything else. When the president contracts the virus in the middle of the global pandemic it's causing and the market drops, you can bet your bippy those are related and not a coincidence. Title: Re: Stocks fall down due to trump catching the virus Post by: bryant.coleman on October 08, 2020, 06:03:23 AM It's absolutely related. Any time there is potentially huge changes to the way the American government runs, it creates uncertainty in the market, and uncertainty is almost universally guaranteed to make the markets go down. Uncertainty is the one thing the markets hate more than anything else. When the president contracts the virus in the middle of the global pandemic it's causing and the market drops, you can bet your bippy those are related and not a coincidence. Anyway, markets have recovered now. Trump seems to be recovering (if not completely recovered already), and his mild infection surprisingly helped to alleviate a lot of misconceptions and fear-mongering about COVID 19. This may turn out to be a boon for the stock market. Trump's recovery just proves that COVID 19 rarely gets lethal. It's fatality rate has remained less than 0.1% for healthy people in the working age. Title: Re: Stocks fall down due to trump catching the virus Post by: BuNga_cute on October 08, 2020, 07:08:33 AM In my opinion, the news of President Trump being infected with the corona virus made the traditional market crash, it's not just a coincidence.
But for the crypto market I am not sure this news is the cause of the decline in the crypto market price. For traditional market that happened to the president of America, it is a fundamental thing that is able to influence the global economy, because economic movements in the world are very much influenced by American policies. But different for cryptocurrency markets, although the people of America are one of the most invested investors in crypto, this does not mean that President Trump's health is fundamental. Title: Re: Stocks fall down due to trump catching the virus Post by: Mauser on October 08, 2020, 07:43:11 AM From what I read it looks like Trump deliberately tanked the stock market. Was there some insider trading involved? I was in the middle of selling some stock when that got announced. Luckily I still sold but missed out on $4 / share...eventually it went down $8. ...but it will likely be up $10 tomorrow. Why would Trump participate in insider trading? That is crazy. He is already rich, no need for illegal activities. Also why would you sell in the first place? It was some random panic selling. The Dow is already up again on a weekly basis, and still positive on a monthly basis. So quick selling and paying transaction fees and now rebuying at similar levels with transaction fees again seems a bit like an overreaction to me. Did you make a good profit? Don't forget the taxes on top of that. Title: Re: Stocks fall down due to trump catching the virus Post by: el kaka22 on October 08, 2020, 08:03:40 AM Now Trump is saying that if there was a bill in front of him giving people $2k per month for survival he would sign it.
Obviously he is going to say it because Mitch Mcconnel doesn't even bring that to voting, dude literally takes it and puts it under tons of paper that needs to be voted and refuses to put it to vote, how could something be sent to Trump if Mitch never puts it to vote? It wouldn't, so Trump looks like the good guy and makes democrats look like they are stopping it but in reality it is literally the reverse. I cannot believe how people are so idiot that you still believe this president, an empty bucket would be a better president than him at this point. At least he had covid and realized it was bad and now he might be a bit more sympathetic towards people who had it. Title: Re: Stocks fall down due to trump catching the virus Post by: worldofcoins on October 11, 2020, 08:10:32 AM That is the motivation behind why I don't trust in Stock exchanges. Its a controllable and non-unpredictable market and government are behind it.
I generally incline toward my loved ones to purchase bitcoin and take an enthusiasm for it. Before getting include with bitcoin I used to put my cash in stock but I didn't get enough profit because a little fork in the economy can harm the entire market. Title: Re: Stocks fall down due to trump catching the virus Post by: tvplus006 on October 12, 2020, 10:54:00 AM Anyway, markets have recovered now. Trump seems to be recovering (if not completely recovered already), and his mild infection surprisingly helped to alleviate a lot of misconceptions and fear-mongering about COVID 19. This may turn out to be a boon for the stock market. Trump's recovery just proves that COVID 19 rarely gets lethal. It's fatality rate has remained less than 0.1% for healthy people in the working age. You are now trying to compare the medical care that was provided to Trump and the average American. According to The New York Times, Trump's treatment cost more than $100000: https://www.nytimes.com/2020/10/07/upshot/trump-hospital-costs-coronavirus.html Can you assume that the same amount will be spent on the treatment of American citizens from COVID-19? Title: Re: Stocks fall down due to trump catching the virus Post by: ultrloa on October 12, 2020, 01:47:15 PM Anyway, markets have recovered now. Trump seems to be recovering (if not completely recovered already), and his mild infection surprisingly helped to alleviate a lot of misconceptions and fear-mongering about COVID 19. This may turn out to be a boon for the stock market. Trump's recovery just proves that COVID 19 rarely gets lethal. It's fatality rate has remained less than 0.1% for healthy people in the working age. You are now trying to compare the medical care that was provided to Trump and the average American. According to The New York Times, Trump's treatment cost more than $100000: https://www.nytimes.com/2020/10/07/upshot/trump-hospital-costs-coronavirus.html Can you assume that the same amount will be spent on the treatment of American citizens from COVID-19? For sure no, and I'm sure the government wouldn't spend that amount for normal citizens. Trump's case is different since he's the president and for sure they will give Hime a special care to assure his safety since the economic state of his country is on his hands and it will create more fear if they see trump didn't recover fast. Title: Re: Stocks fall down due to trump catching the virus Post by: ningrum on October 12, 2020, 11:46:13 PM I wonder, did Trump make this virus as a joke?
He recovered in just a few days, and usually people recover from this virus takes 2 weeks, and trump is only 3 days, what do you think? Title: Re: Stocks fall down due to trump catching the virus Post by: wozzek23 on October 13, 2020, 04:04:18 PM If there was a method where you could separate governments and stocks, it could have made the stock world a lot better, but not only profits of those companies whose stocks people trade all rely on the president and his actions, but it also impacts the stock market itself with how lax the SEC will approach and so forth. Which is why I believe there is a very strong reason why stock market just decided Trump lost the elections already.
Normally they wouldn't react this big without any change but at the same time I believe after covid everyone assumed he can't make a comeback like last time and get the win, if he was healthy he could have tried hard, but with pandemic and everyone dying and him getting sick with less debates etc etc all caused him to not get any votes while still having a lot of pissed of people. |