Stocks fall down due to trump catching the virus

[oHnK]

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.

[jaysabi]

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.

[bryant.coleman]

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.

[BuNga_cute]

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.

[Mauser]

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.

[el kaka22]

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.

[worldofcoins]

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.

[tvplus006]

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?

[ultrloa]

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.

[ningrum]

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?

[wozzek23]

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.