Stocks fall down due to trump catching the virus

[DabsPoorVersion]

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.

[blockman]

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/)

[Hydrogen]

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.

[Kemarit]

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.

[The Sceptical Chymist]

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.

[suchmoon]

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.

[Darker45]

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.

[jackg]

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...

[philipma1957]

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.

[worldofcoins]

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.

[plr]

~ 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.

It has something to do with uncertainty, any nation whose president is in question will have an effect on the economy that means a change of policy if ever there is a quick transition from another power or figure, the whole nation is going to follow the development of Trump's condition and their economy is hanging.

[jaysabi]

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.

[Janation]

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.

[MCobian]

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.

[Yaunfitda]

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.

[Kelvinid]

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.

[AniviaBtc]

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.

[gabbie2010]

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.

[rollingdice]

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.

[oHnK]

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.