Dow Jones could crash by up to 4000 points if Biden locks USA!!!

[Juggy777]

According to strategist David Nelson there’s a high possibility, that Dow Jones may crash up to 4000 points if Biden announces a national lockdown after sitting in the presidential chair. Also for those who may wonder why he gave this remark, then it’s because Biden expert on Covid has hinted that USA could be locked down for 4 - 6 weeks to contain covid. Lastly what do you’ll think will a national lockdown help USA, or it’ll further harm USA economy?.

3,000 or 4,000 [Dow] points lower at least,” veteran strategist David Nelson of Belpointe Asset Management told Yahoo Finance Live on the market reaction to a possible lockdown.

Influential COVID-19 adviser to president-elect Joe Biden Dr. Michael Osterholm told Yahoo Finance Live a four- to six-week national lockdown would be appropriate to get the pandemic under control.

Source:

https://finance.yahoo.com/news/if-biden-shuts-down-the-us-economy-the-dow-would-drop-nearly-4000-points-strategist-183358871.html

[1714732350]

1714732350

[Tytanowy Janusz]

It is very possible but ... luckily Biden is not yet a US president (Trump presidency ends on Jan 20) and until then vaccine will be most likely ready. It is also possible that Bidden didn't win:

“REPORT: DOMINION DELETED 2.7 MILLION TRUMP VOTES NATIONWIDE. DATA ANALYSIS FINDS 221,000 PENNSYLVANIA VOTES SWITCHED FROM PRESIDENT TRUMP TO BIDEN. 941,000 TRUMP VOTES DELETED. STATES USING DOMINION VOTING SYSTEMS SWITCHED 435,000 VOTES FROM TRUMP TO BIDEN.”

https://twitter.com/realDonaldTrump/status/1326926226888544256


Also few states will recount votes and exclude votes without proof of identity.

Our most recent research in September revealed that 353 U.S. counties had 1.8 million more registered voters than eligible voting-age citizens. In other words, the registration rates of those counties exceeded 100% of eligible voters!

https://www.breitbart.com/politics/2020/11/12/fitton-2020-election-update/

[ilovealtcoins]

Biden is a Democrat and he will encourage startups rather than American industrial corporations. That will cause industrial corporations to drop points but cannot overvalue because when the COVID special vaccine launches next year, it will make the US industry restart.

[Febo]

Dow Jones could crash by up to 4000 points if Biden locks USA!!!

I dont believe that can happen. There is vaccine made already. Vaccine means hope. Al that stock markets need is hope. I mean, all needed to prevent crash is hope. If something get wrong with vaccine then everything sis possible. If first people will start getting vaccined next month and all is fine with them then there is zero chances fro a stock market crash even if there is total lockout for 30 days. They will simply print more money.

[dothebeats]

It'll be good if the whole transcript of the interview is actually present, as the article didn't state anything vital that could make me fully understand why a USA lockdown for a week or two would net 4000-point loss from the Dow. Sure, businesses and industries would take a beating for this pause in economic activity, but prolonged community transmissions in the country would also net huge hospitalizations, huge loss of life and huge impact on the economy in the long run. People are against the lockdown because the stimulus package isn't approved, and doesn't seem to be on the talks after the elections, but if said package is promised in line with a lockdown, then I guess the market wouldn't react negatively to it, so does the citizens who are greatly affected.

I dont believe that can happen. There is vaccine made already. Vaccine means hope. Al that stock markets need is hope. I mean, all needed to prevent crash is hope. If something get wrong with vaccine then everything sis possible. If first people will start getting vaccined next month and all is fine with them then there is zero chances fro a stock market crash even if there is total lockout for 30 days. They will simply print more money.

The vaccine developed by Pfizer and BioNTech is far from being refined, and is logistically difficult to handle given that the mRNA-based vaccine needs -70°C storage temperature in order for the vaccine to be viable for use. These temperatures are possible to attain if dry ice is plentiful, and that in itself is another problem since most of the world's dry ice producers are short on stocks and manpower, making the equation for vaccine distribution a lot harder.

[Paycoinzzz]

According to strategist David Nelson there’s a high possibility, that Dow Jones may crash up to 4000 points if Biden announces a national lockdown after sitting in the presidential chair. Also for those who may wonder why he gave this remark, then it’s because Biden expert on Covid has hinted that USA could be locked down for 4 - 6 weeks to contain covid. Lastly what do you’ll think will a national lockdown help USA, or it’ll further harm USA economy?.

Lockdown will be the worst solution for the moment. During the pandemic season, you still have to work because it is the last resort to save the US economy. If it is closed for 4-6 weeks, income and production must also be halted, tens of millions more people will be unemployed -> Great recession in 2021
especially the lower classes of society, if they don't have a job, they will starve to death during the anti-epidemic days. I claim Mr. Joe Biden is really on the wrong track, that solution only makes the economy go down and the people poorer!

[Silberman]

Dow Jones could crash by up to 4000 points if Biden locks USA!!!

I dont believe that can happen. There is vaccine made already. Vaccine means hope. Al that stock markets need is hope. I mean, all needed to prevent crash is hope. If something get wrong with vaccine then everything sis possible. If first people will start getting vaccined next month and all is fine with them then there is zero chances fro a stock market crash even if there is total lockout for 30 days. They will simply print more money.

That is the thing, the markets do not really need that the vaccine is being applied all over the world for them to recover what they need to know is that we have the vaccine, it is effective and that it is on production, and we know this is true because the markets have recovered since the crash they suffered, locking down the country will make the market to go down but I doubt we will such a huge crash as now people are not on panic mode as they were back on those days.

[tomahawk9]

So, he's expecting a similar crash to the one from late February this year when it tanked from 29k points to 25k? back then everything went to hell after that crash :/

thing is that the initial 4000 points crash from earlier this year had some major catalysts behind it like the oil war and covid19 was starting to spread rapidly worldwide. But this time around we have the news about a vaccine in early 2021 and optimism is rising up in the market, so perhaps the downward movement won't be that bad during a one-month lockdown

[hugeblack]

All these analyzes of the price decrease come from an analogy of what happened last March and the assumption that it will be repeated, but what happened in the past had many changes and therefore what happened in the previous March will not be repeated.

The world now knows a lot about this epidemic and has a previous experience, so the possibility that there will be blind decisions and it is not clear how to deal with it will be excluded, and experiments on the vaccine have reached advanced stages.

[The Sceptical Chymist]

It is very possible but ... luckily Biden is not yet a US president (Trump presidency ends on Jan 20) and until then vaccine will be most likely ready.

Right, that's an important point that Biden is not yet president, and it's something non-US citizens might not realize.  I'm not so sure that a vaccine is going to be available by Jan 20th, but it's certainly possible.  Pfizer is a kick-ass company and they're certainly capable of rushing vaccines (and other pharmaceuticals) past the usual FDA approval process. 

Biden isn't likely to lock down the US, anyway.  He's not stupid enough to start off his presidential career with such a bone-headed move that could kill the economy.

It is also possible that Bidden didn't win:

Mmm....no.  I don't care how many lawsuits Trump has filed or how many recounts are done, Biden was the clear winner--and Trump is an extremely sore loser.  But GODDAMN I am glad he's finally out of office!

[HabBear]

Ooooh...ALARMING HEADLINE...feel FEAR! UNCERTAINTY! DOUBT!

If the DJIA were to drop 4,000 points, it'll set us back to the price levels we saw in April of this year...when (brace for it)...the country was shut down for COVID. There's nothing new here in this prediction, it's just acknowledging that if we do something we did in the past (shut down economic activity) we may end up with a similar result (a drop in the DJIA).

The DJIA is flirting with 30,000 right now. So a 4,000 drop brings us to 26,000. The lowest point the DJIA has hit this year is 19,000. Nothing to be alarmed at here. Pull backs should be expected if we ask business to stop for some period of time!

To the OP...context matters, facts cut a hole in us, what out for the hype...it can stink like poop on your shoe!


DJIA price history

[bittraffic]

Okay, he isn't yet the president until JAN., that's very important. People still have time to prepare before he could lock down everything, this is worse than Trump.  It's going to be harder for Biden to actually run the country when half of its people don't recognize him as President.

[stompix]

Biden isn't likely to lock down the US, anyway.  He's not stupid enough to start off his presidential career with such a bone-headed move that could kill the economy.

But, but, but...it's all good

Biden Covid advisor says U.S. lockdown of 4 to 6 weeks could control pandemic and revive economy

See? A lockdown will revive the economy, probably after its death but still, it will revive it! Probably....
And he has a miraculous solution:

He said the government could borrow enough money to pay for a package that would cover lost income for individuals and governments during a shutdown.

Be honest, have you ever thought how simple this was? We shut everything down and we borrow money! Problem solved!
Yeah, that's why those guys are advisors to the next president and we morons here are not, we don't have such bright ideas like them. Anyhow, leaving all this sarcasm aside, as I'm not really familiar with the segregation of powers in the US, is this right?

The federal government may claim to be able to shut down the economy, but the truth is that states are the ones responsible for regulating the businesses that operate within their boundaries. So the federal government can’t order states to close down or reopen their businesses.

Does he even have the power to shut it all down?

[aesma]

The US president doesn't have the power to lock down the country. That decision is more local, at the state, county, or even municipal level. That's why there are already lockdowns in some places in the US, and not in others. Biden can try and influence the decision of local authorities, with the help of congress providing relief to businesses for example, but he can't just lock things down.

stompix : Europe is doing exactly that, and the virus is getting back under control, what's so bad about that ?

[philipma1957]

According to strategist David Nelson there’s a high possibility, that Dow Jones may crash up to 4000 points if Biden announces a national lockdown after sitting in the presidential chair. Also for those who may wonder why he gave this remark, then it’s because Biden expert on Covid has hinted that USA could be locked down for 4 - 6 weeks to contain covid. Lastly what do you’ll think will a national lockdown help USA, or it’ll further harm USA economy?.

3,000 or 4,000 [Dow] points lower at least,” veteran strategist David Nelson of Belpointe Asset Management told Yahoo Finance Live on the market reaction to a possible lockdown.

Influential COVID-19 adviser to president-elect Joe Biden Dr. Michael Osterholm told Yahoo Finance Live a four- to six-week national lockdown would be appropriate to get the pandemic under control.

Source:

https://finance.yahoo.com/news/if-biden-shuts-down-the-us-economy-the-dow-would-drop-nearly-4000-points-strategist-183358871.html

I think that by the time biden gets in most of the country will have caught the disease already.

Today USA topped 160,000 cases which will grow again. So there is no need to fear biden crashing the dow bro.

Lets see if trumpster can get us past 250,000 cases a day. By Friday the 20th.  He is right on track to do it.
USA is whaling thanks to the Donald.
My guess is we peak at 333,333 cases a day.

please note screen shot clearly shows it is from worldometers.

[exstasie]

Let's nip this rumor in the bud:

Biden coronavirus advisers nix national U.S. lockdown

WASHINGTON (Reuters) - The head of Democratic U.S. President-elect Joe Biden’s coronavirus advisory board said on Friday there was no plan to shut the country down and that the new administration’s approach will be targeted at specific areas.

Another member of Biden’s COVID team, Dr. Michael Osterholm, suggested in a Yahoo Finance interview on Wednesday that the country could cover individual companies’ and local governments’ losses for a four- to six-week lockdown to drive numbers down.

Osterholm clarified in an interview with ABC on Thursday that he did not discuss a lockdown with anyone on the advisory board and he did not think there was a national consensus for it. “Nobody’s going to support it,” he said.

https://www.reuters.com/article/us-health-coronavirus-usa-lockdown/biden-coronavirus-advisers-nix-national-u-s-lockdown-idUSKBN27T26L

There is talk of a 4-6 week bailout for companies and governments affected by local lockdowns, but no plans for any sort of national lockdown.

I also don't think it matters what Biden wants to do. The White House doesn't have the authority to issue a national stay-at-home order. That power is held by individual states. It's up to state governors.

Fact Check: A Blanket National Quarantine Is Likely Not Legal

And there is no way every state is going to impose a lockdown, considering the economic damage it will cause. I'd be surprised if many states impose a full on lockdown at all. Social distancing guidelines, limited capacity for higher risk businesses, etc. yes, but not lockdowns. Not again.

[philipma1957]

Let's nip this rumor in the bud:

Biden coronavirus advisers nix national U.S. lockdown

WASHINGTON (Reuters) - The head of Democratic U.S. President-elect Joe Biden’s coronavirus advisory board said on Friday there was no plan to shut the country down and that the new administration’s approach will be targeted at specific areas.

Another member of Biden’s COVID team, Dr. Michael Osterholm, suggested in a Yahoo Finance interview on Wednesday that the country could cover individual companies’ and local governments’ losses for a four- to six-week lockdown to drive numbers down.

Osterholm clarified in an interview with ABC on Thursday that he did not discuss a lockdown with anyone on the advisory board and he did not think there was a national consensus for it. “Nobody’s going to support it,” he said.

https://www.reuters.com/article/us-health-coronavirus-usa-lockdown/biden-coronavirus-advisers-nix-national-u-s-lockdown-idUSKBN27T26L

There is talk of a 4-6 week bailout for companies and governments affected by local lockdowns, but no plans for any sort of national lockdown.

I also don't think it matters what Biden wants to do. The White House doesn't have the authority to issue a national stay-at-home order. That power is held by individual states. It's up to state governors.

Fact Check: A Blanket National Quarantine Is Likely Not Legal

And there is no way every state is going to impose a lockdown, considering the economic damage it will cause. I'd be surprised if many states impose a full on lockdown at all. Social distancing guidelines, limited capacity for higher risk businesses, etc. yes, but not lockdowns. Not again.

As I said the donald will fix it. Basically we will double to 333,333 cases a day by thanksgiving and maybe peak higher than that.  Biden if he gets in i think it is jan 20th.  So many more people will have had the sickness he will not need to shut down anything at all.

[7788bitcoin]

And there is no way every state is going to impose a lockdown, considering the economic damage it will cause. I'd be surprised if many states impose a full on lockdown at all. Social distancing guidelines, limited capacity for higher risk businesses, etc. yes, but not lockdowns. Not again.

I hope so we will not see a complete lockdown, but things are going out of hand in some states and people are walking around without any social distancing nor wearing a mask and until you are able to change that mindset the authorities will be forced to shut down everything so that these stupid idiots will not spread the virus because they are not taking any precautions. Another lockdown and the small business will not take that any further and many has closed their doors forever.

[aesma]

Well unless hospitals by then are completely flooded, frigorific trucks are back to get filled with bodies, etc., then maybe Biden will have to do something. But by "do something" it still would be try to convince states, because the US president just doesn't have that power. Just like Trump can't steal the election because it's not in his power to decide how votes are counted etc., it's a state power.

[stompix]

stompix : Europe is doing exactly that, and the virus is getting back under control, what's so bad about that ?

Europe is doing what?
I live in Europe and there is no lockdown, there is a curfew in most cases.
Lockdown means all public transport is closed, all public and private businesses except essential are shut down, there is nothing like this happening here. We have 4 factories with more than 30 000 employees in a 50k range, all in the automotive industry and all are working at full capacity, if a lockdown would be imposed those would have to shut down, who is going to pay those people and from what?

The worse measures I've seen so far are shutting down pubs, restaurants, malls, and a few other services and imposing a curfew at night, nothing even remotely to a total lockdown, if that happens again the economy will not recover even in 2022.

Second, 4,5k people dying every day is considered under control?

[philipma1957]

stompix : Europe is doing exactly that, and the virus is getting back under control, what's so bad about that ?

Europe is doing what?
I live in Europe and there is no lockdown, there is a curfew in most cases.
Lockdown means all public transport is closed, all public and private businesses except essential are shut down, there is nothing like this happening here. We have 4 factories with more than 30 000 employees in a 50k range, all in the automotive industry and all are working at full capacity, if a lockdown would be imposed those would have to shut down, who is going to pay those people and from what?

The worse measures I've seen so far are shutting down pubs, restaurants, malls, and a few other services and imposing a curfew at night, nothing even remotely to a total lockdown, if that happens again the economy will not recover even in 2022.

Second, 4,5k people dying every day is considered under control?

Basically they are letting lots of people catch it every where in the world. They then point to the USA and Trump laugh and say well we are better then the USA less sick less dead.

Pretty much looks like this will take out 10million people by the first of May.

[Cnut237]

Dow Jones may crash up to 4000 points if Biden announces a national lockdown after sitting in the presidential chair.

I think that lives are more important than share prices, which puts me at odds with most governments in the world. It's a strange situation that profit is worth more than people, but that is how the world has been going for a long time. At least with Biden in charge instead of Trump, there is more chance of the US listening to the science, and so saving lives.

[Jating]

I think it's a welcoming news if the newly elected President will lockdown the US to control the pandemic in the States. At least it will be a full disclosure on Biden's part and I think he won the election because he is focus on the control of the spread, unlike Trump who just shrugged the idea that US or the virus will have a impact on them.

As for the prediction that Dow Jones will crash, I don't believed so. We have seen the effects of the Covid-19 and it seems that traditional financial markets reacted already, seen the worst, but recovered. And for sure, a plan B or plan C will be put into action if ever Biden decided for a lockdown, and I don't think it will last for three months though. Probably it will be on a case-to-case basis.

[BTCappu]

Don’t you think they should make use of another approach to solve this issue of coronavirus? I have seen news that a vaccine has been discovered by Pfizer and BioNtech, and that it more than 90% effective. So, why don’t they maybe look into it and see whether they would vaccinating those who have not been affected by the coronavirus yet, and especially starting with those that are working in the healthcare system.

Locking down for four to six weeks will hurt the economy, and the funniest thing is that even after the lockdown you will still be seeing cases of coronavirus. I just don’t get it, my country went for a lockdown like two months, even while on lockdown the reports were still showing increasing number of coronavirus cases.

[Haunebu]

Don’t you think they should make use of another approach to solve this issue of coronavirus? I have seen news that a vaccine has been discovered by Pfizer and BioNtech, and that it more than 90% effective. So, why don’t they maybe look into it and see whether they would vaccinating those who have not been affected by the coronavirus yet, and especially starting with those that are working in the healthcare system.

The vaccines tested currently produced results from small sample sizes which is why the reported percentages aren't completely trustworthy. Large sample size tests are underway and the results will probably be declared only after a couple of months.

Locking down for four to six weeks will hurt the economy, and the funniest thing is that even after the lockdown you will still be seeing cases of coronavirus. I just don’t get it, my country went for a lockdown like two months, even while on lockdown the reports were still showing increasing number of coronavirus cases.

Lockdown has helped tremendously in many countries though I am not sure why it didn't work in your country. It all comes down to whether the people abide by the rules or not at the end of the day.

[aioc]

According to strategist David Nelson there’s a high possibility, that Dow Jones may crash up to 4000 points if Biden announces a national lockdown after sitting in the presidential chair. Also for those who may wonder why he gave this remark, then it’s because Biden expert on Covid has hinted that USA could be locked down for 4 - 6 weeks to contain covid. Lastly what do you’ll think will a national lockdown help USA, or it’ll further harm USA economy?.

3,000 or 4,000 [Dow] points lower at least,” veteran strategist David Nelson of Belpointe Asset Management told Yahoo Finance Live on the market reaction to a possible lockdown.

Influential COVID-19 adviser to president-elect Joe Biden Dr. Michael Osterholm told Yahoo Finance Live a four- to six-week national lockdown would be appropriate to get the pandemic under control.

Source:

https://finance.yahoo.com/news/if-biden-shuts-down-the-us-economy-the-dow-would-drop-nearly-4000-points-strategist-183358871.html

That's what likely to happen it's unavoidable we have suffered that when our country was locked for two months, it's a choice between the lesser evil, but we are in a pandemic and any government should come out with the best option for their people and their economy, it's a choice between people's heath and the nation's economy, Trump choose the latter, that is why they ranked first in infection.

[1l1l11ll1l]

Locking down for four to six weeks will hurt the economy, and the funniest thing is that even after the lockdown you will still be seeing cases of coronavirus. I just don’t get it, my country went for a lockdown like two months, even while on lockdown the reports were still showing increasing number of coronavirus cases.

Lockdown has helped tremendously in many countries though I am not sure why it didn't work in your country. It all comes down to whether the people abide by the rules or not at the end of the day.

I think lockdowns don't always work well depending on the situation in a particular country. In some countries with high population density and which are still traditional, lockdowns will not run smoothly because it is not their culture. But if you look at New Zealand, they managed to lockdown perfectly. So for every lockdown case, it is not the lockdown that is wrong, but how the lockdown system is implemented in a country. the country's leaders must be able to take quick action in preventive action. The economy will not die if they integrate the right system in a country.

[aesma]

Well here in France we call that a lockdown, on top of what you said all shops are closed except food ones, cinema and theaters are closed, religious services are banned, you need to have a good reason backed by a written paper (or an app) to get out otherwise you pay a fine...

With these measures the numbers have stopped getting worse and are slowly improving, that's going towards being under control.

[mariah.sadio]

Biden really want to do bad things about USA economy, he want to destroy energy sector and now this. All these things may cause big dumps of economy

[barbara44]

Of course we are looking at USA and see those huge numbers that Trump caused but we do not laugh at it, and we do not say we are better, we say we are glad we do not have that many dead people instead. USA may think that everyone is their enemy but even in most cases of hatred it is towards the government and not the public, a regular American walking down the road is not the enemy of anyone, maybe government of USA could be depending on the situation but not the citizens.

You guys have by far one of the most deaths in the entire world, nobody else comes even close to what you guys are going through and this is from a country that suppose to be elites of the world and not a poor bad nation, so it is very upsetting and sad to see so many death, why would anyone laugh at you because you have almost quarter million dead, it is very sad not funny.

[Febo]

It is not whole Europe in lock down. Countries that are most affected are. And even them not all but just some most affected regions. Same will be in USA I guess. Now that everyone will know vaccine will be here in few months it is much easier. As figures shows right now it is leading into catastrophe. In Europe some countries reduced number of infected compared to two weeks ago, some did not and many increased a lot. Even that there was some measures done in some countries, it is far from being OK.

Everyone need to remember that we will pay this in the upcoming decades. Covid-19 dont just kill people. But it also hurt people. Most of those that had to go to hospital will have conditions until their death. Maybe they will not be able to work their old job, or maybe will not be able to work any job anymore. And there were probably million people in the hospitals.

[Princejebs]

Biden really want to do bad things about USA economy, he want to destroy energy sector and now this. All these things may cause big dumps of economy

It will not dump the economy as people think. Do you know that the opposite always happens to what people think? Would you believe if they told you that Btc will be price 3.6k as of March 2020.
He might not be a capitalist like Trump but I don't think he will make stupid decisions to terminate economical activities that will harm his regime and first time in office.
Remember the world and opposition part are watching to see him fail.

[jaysabi]

It is also possible that Bidden didn't win:

“REPORT: DOMINION DELETED 2.7 MILLION TRUMP VOTES NATIONWIDE. DATA ANALYSIS FINDS 221,000 PENNSYLVANIA VOTES SWITCHED FROM PRESIDENT TRUMP TO BIDEN. 941,000 TRUMP VOTES DELETED. STATES USING DOMINION VOTING SYSTEMS SWITCHED 435,000 VOTES FROM TRUMP TO BIDEN.”

https://twitter.com/realDonaldTrump/status/1326926226888544256


Also few states will recount votes and exclude votes without proof of identity.

Our most recent research in September revealed that 353 U.S. counties had 1.8 million more registered voters than eligible voting-age citizens. In other words, the registration rates of those counties exceeded 100% of eligible voters!

https://www.breitbart.com/politics/2020/11/12/fitton-2020-election-update/

No, it's not possible Biden didn't win. There's been no credible report of election fraud anywhere in the country.  Every lawsuit filed by the president challenging the result has been thrown out of court so far as utterly meritless.  Further, no result has ever been overturned as a result of a recount on the order needed to flip any state Trump lost.  It's just never happened and it's not going to happen here because mistakes that large don't happen.  Lastly, quoting the most prolific liar in modern American history is not evidence of anything.  Trump says whatever benefits him and there's nothing he won't lie about in order to be the president.  And the claim he's made has already been disproven and thrown out of court because it's entirely without merit. Trump lost the election, BY A LOT. End of the line.

[MCobian]

Even though Biden has been elected as president, it was only at the end of January 2021 that he became active as president of America.
so right now the decision is still up to Trump. So I hope that before Biden can really be active as president, vaccine has been found.
Based on the news I read, the pharmaceutical companies Pfizer and Biontech have created a vaccine that is proven to be 90% effective,
hopefully it can be mass produced soon. So Biden doesn't need to lock down USA.

[DevilSlayer]

There will be a negative effects for sure in the economy of U.S. and for me it is really inevitable to have a crash in DJIA and NASDAQ whenever Joe Biden impose a hard lock down across the states. Even though there is now a vaccine, there will be a fear that can cause a lot of investors to pull out their money. We are talking about hard lockdown where the people requires to stay at home.  The economy is like a chain where whenever the small businesses cannot operate because of the lockdown, it can cause a domino effect where all of the economy can experience big changes. If this rumor will gonna be true then for me it is the best time to do shorting with good risk management.

[Vishnu.Reang]

It will be foolish to shut down the economy now, when the pandemic is retreating. Most of the pharma companies have also announced that the vaccines will be available in the market from next month onwards. And also, from what we have seen lockdowns have only a limited impact in reducing the number of deaths from COVID 19. Countries which refused to impose any sort of lockdowns were the first to recover (examples are Pakistan and African nations).

[jaysabi]

I am quite sure that Biden is a very disastrous choice. Trump lowered the tax rates and this helped the economy in a big way. Now this oldie wants to raise the taxes and undo whatever positive happened to the US economy for the last 4 years. Then he want to ban most of the fracking activity, so that the crude oil prices will rise and his Arab friends will get the benefit. He wants to remove all the restrictions on trade with China. These are the issues that are going to have an impact in a major way. Any impact from the lockdown may be temporary. 

Trump lowered the tax rates to what effect? The rich got their massive tax cuts and now the deficit is 3 trillion dollars in a single year. What good are low tax rates if the dollar collapses because the Fed has to print trillions of dollars to service the massive debt republicans have run up in just the last 4 years, on top of what was already an unsustainable debt because republicans are so fiscally irresponsible?  I swear, people who always focus on the tax rates and ignore how unsustainable our deficit and debt are completely lack any ability to see the logical consequence for their disastrous and unsustainable policies.

You cannot have a prosperous economy with an unserviceable debt. The past "good economy" has been financed with debt. The economy has never been as good as you believe it's been because it's always been borrowed from future prosperity through massive government borrowing in order to consume the "prosperity" in the present.  You're like a bunch of toddlers who can't delay gratification because your brains are too simple.

And no, Biden doesn't want to ban most fracking activity.  The amount of wrong information in one post is astonishing.

[SquallLeonhart]

Dow Jones could think of whatever it wants, shareholders could get scared all they want, it doesn't matter what companies and economists thing about the price of their goods and their companies should be like because of a lockdown. Because in the end the other side is health and life/death situation.

If USA goes into lockdown and everyone loses some money because of it, they could be paid in stimulus and saved, stocks will fall and companies will bankrupt if they have to but in the end regular Joe will be saved by the government thanks to stimulus checks so nobody would be seriously affected by it. As long as you can save people's lives while still keeping the regular people at survival amount of economy, it is fine to let things lockdown for a while until vaccine starts spreading out.

[Fesatmas]

At first glance this will be a bit of an obstacle to the American economy. Why not, it is clear that America has been hit by anxiety over Covid 19 that cannot be resolved for almost half a year. But on the other hand, the effect of isolation for 2-3 weeks will provide an opportunity for the government under the Biden administration to find the right solution for the welfare of the American economy. This is inseparable from the attitude of Americans in reacting to it.

[suzanne5223]

There's a chance that Biden will announce a national lockdown in the US since he believes it to be the only solution to keep the pandemic under control but I don't think that the perfect solution due to the damage once was done by the total lockdown and not even this time that Pfizer vaccine was proved to be more than 90% effective

[jaysabi]

It will be foolish to shut down the economy now, when the pandemic is retreating. Most of the pharma companies have also announced that the vaccines will be available in the market from next month onwards. And also, from what we have seen lockdowns have only a limited impact in reducing the number of deaths from COVID 19. Countries which refused to impose any sort of lockdowns were the first to recover (examples are Pakistan and African nations).

The pandemic is not retreating. Are you even paying attention?  The US is very nearly out of hospital space due to the surge of infections.  Every day for the last 9 days we've set a new record for most infections.  Deaths are skyrocketing.  Absolutely nothing is getting better.  If a vaccine gets approved tomorrow it will take 8-12 months to distribute nationally.  Pakistan and Africa are so poor and have such poor tracking and reporting abilities that data coming out of them on Covid infections are useless for comparing to developed economies.  If you want an apt comparison, look at equally developed countries where some have imposed lockdowns and some didn't and you will see that the rate of infection was always lower in those that imposed lockdowns, and the stricter the lockdown the better the data.  Even look at the US where the southern states largely had lax lockdowns vs northern states that had stricter, and the data speaks for itself.

[pixie85]

There's a chance that Biden will announce a national lockdown in the US since he believes it to be the only solution to keep the pandemic under control but I don't think that the perfect solution due to the damage once was done by the total lockdown and not even this time that Pfizer vaccine was proved to be more than 90% effective

A lockdown is the worst thing he can do and far from being a solution for anything but maybe stopping migrations lol

If he does it he's going to bankrupt businesses and it won't change anything for covid. The lockdown will have to be lifeted at some point and then whoever did not get covid in the first and second wave will finally get it. This is not something we can stop. We can delay it, that's all.

[exstasie]

It will be foolish to shut down the economy now, when the pandemic is retreating.

Retreating? The numbers are worse than ever before. This is the second wave we were worried about in the summer:



So it's understandable why people are fearmongering about a second lockdown.

However, I think it's extremely unlikely Biden does anything unconstitutional at such a divisive time. I'm confident his administration will defer to individual state governors on the matter of lockdowns. Regardless, I really doubt we'll see the same scale of lockdowns that we saw in March and April.

[BuNga_cute]

In my opinion, Biden wants USA to go into lockdown because America's condition is quite apprehensive. The number of spread of
the corona virus continues to increase and the number of people who have died also continues to grow, so I agree if Biden takes
steps to lockdown USA. Indeed, the impact that will be quite large on the American economy, not only could the Dow Jones crash,
but all stock markets would fall. It is even possible that many companies will go bankrupt, but when compared to human life which is
more important. I believe Biden prioritizes human lives over the American economy.

[stompix]

~

Basically they are letting lots of people catch it every where in the world. They then point to the USA and Trump laugh and say well we are better then the USA less sick less dead.

Pretty much looks like this will take out 10million people by the first of May.

I've said it before that sometimes comparing the US with countries from the EU will not produce an accurate image but well, even I can't stop myself from doing this ...You compare the US with Germany for example, but then why not comparing Germany with Spain, or the Netherlands with Poland and Sweden with Romania as those have that much in common as New York and Yellowstone.

And let's look at the numbers, two days ago,
The US, +159k cases +1,257 deaths
Top 5 countries in Europe as they almost match the population (UK,DE,FR,SP,IT)  +125K cases, 1715 deaths
So, not that big difference there.

And if something that other smaller countries do better, look at what's happening in the Czech Republic, till exactly one month ago there were 1500 deaths from the start of the year, now 6200. Unless we have full numbers there is no way to say who's doing better.

Well here in France we call that a lockdown, on top of what you said all shops are closed except food ones, cinema and theaters are closed, religious services are banned, you need to have a good reason backed by a written paper (or an app) to get out otherwise you pay a fine...
With these measures the numbers have stopped getting worse and are slowly improving, that's going towards being under control.

Yeah, but you don't have public transport shut down, you don't have all factories that do not produce essential goods shut down, this is what they aim for in theory here. Everything other than essential services shut down for 6 weeks.

And if you think you have brought this under control, wasn't this also the case in spring? What guarantee you have it will not start again after you open up again. And how long can you keep even those shutdown?  15 billion in tourism for Paris in a year, where is that money going to come from if you extend this for 6 months? More debt? Who's going to pay that debt, the ones with no work?

[EdenHazard]

It will be foolish to shut down the economy now, when the pandemic is retreating.

Retreating? The numbers are worse than ever before. This is the second wave we were worried about in the summer:



So it's understandable why people are fearmongering about a second lockdown.

However, I think it's extremely unlikely Biden does anything unconstitutional at such a divisive time. I'm confident his administration will defer to individual state governors on the matter of lockdowns. Regardless, I really doubt we'll see the same scale of lockdowns that we saw in March and April.

Well if we talk about the statistics..
US deaths case is at 246k , nearly 20% of the total world deaths case due to covid19 which it's seems creepy, no wonder biden first step to announce the national lockdown is reasonable. But Is this number abnormal? I mean how much is the US deaths in a year before the covid19 ? Is it the same? Or is it much more?

However this is what I've got from the news ..

https://www.independent.co.uk/news/world/americas/us-politics/covid-biden-transition-national-lockdown-b1723030.html

So which one the true?

[Farul]

A lockdown is the worst thing he can do and far from being a solution for anything but maybe stopping migrations lol

If he does it he's going to bankrupt businesses and it won't change anything for covid. The lockdown will have to be lifeted at some point and then whoever did not get covid in the first and second wave will finally get it. This is not something we can stop. We can delay it, that's all.

If the Lockdowns are done right it can hamper the spread of covid until the vaccine can be distributed to all of the population.

Just look at china and their draconian lockdown, the height of the pandemic there only lasted about a month(February). yeah small businesses are pretty fucked by this lockdown, but this lockdown accelerates the "end" of the pandemic, which means small businesses can doing business again pretty fast, and the population fear about recession faded. look at the Chinese economic growth, only Q1 2020 were negative, Q2 and Q3 growths are positives. during that 1 month lockdown, the government can give some help for small businesses to stay afloat. the population also obey the government rules about wearing masks. if you want to see the non-draconian lockdown that succeeds, just look at taiwan or vietnam, taiwan economy only contracted a bit when lockdown was implied (Q1 & Q2), Q3 growth is positive. or vietnam economy, who didn't contract on 2020(Q1, Q2, Q3 Has Positive growth), also these 2 countries already issued some travel limitations from january. If Lockdown are done right, they can save both the economy and the population from covid.

However if you try to lockdown USA, good luck with that,  since there will be a lot of pople who don't obey the lockdown/not wearing masks while going outside. especially after this election, many trump supporter will take biden action to lockdown with a grain of salt.

[justdimin]

Isn't this an awesome news for bitcoin? Not like Trump was awesome when it comes to stocks or anything like that, numbers could be taken from any period you want but when you look at the real deal Trump had huge numbers that looked amazing but also had horrible numbers that looked worst all in just one term presidency, look at Dow Jones numbers, in the last 4 years it has crashed to lowest point of 40 years, but it also broke new all time high and all during Trump period.

I guess same could happen with Biden, stocks could crash like crazy and also break a new all time high, all during his first term, wouldn't be really shocking to see that. No matter what happens, I believe the next 4 years will be amazing for crypto, we are definitely going to see a new all time high in bitcoin.

[oHnK]

Isn't this an awesome news for bitcoin? Not like Trump was awesome when it comes to stocks or anything like that, numbers could be taken from any period you want but when you look at the real deal Trump had huge numbers that looked amazing but also had horrible numbers that looked worst all in just one term presidency, look at Dow Jones numbers, in the last 4 years it has crashed to lowest point of 40 years, but it also broke new all time high and all during Trump period.

I guess same could happen with Biden, stocks could crash like crazy and also break a new all time high, all during his first term, wouldn't be really shocking to see that. No matter what happens, I believe the next 4 years will be amazing for crypto, we are definitely going to see a new all time high in bitcoin.

This is indeed news that will have a good impact on bitcoin, because investors will soon save their assets to other more promising assets and here we already know each other, during the pandemic the asset that is not affected is bitcoin.  Bitcoin is sure to reap promising results in the next 4 years because of the evidence seen in recent months.  But as good as this news is for bitcoin, on the other hand, this is bad news for many companies because the company's value will decline and many investors will not trust to invest in the company anymore.

[sheenshane]

We can't assume if this plan will be implemented in 2021 by Biden since Trump is still trying to contest the result and recount will be conducted in few states, then that won't guarantee this 4-6 weeks lockdown.  Probably, if this will really happen next year the Dow Jones will definitely pull down by a thousand points for import and export will be on hold during those times.

However, we can't assume right away that it is a wrong move because I'm pretty sure that behind this plan they will gain something on it, and whatever the result they already have backup plans as an immediate response if the outcome won't be favorable to them.

Anyway, let's just hope it won't worsen the situation besides we can't go against it if once implemented.

[tyz]

Well, if you look at it soberly, Biden can only impose a lockdown not before January. Until then, Trump is still president and he has announced that he will not do a lockdown. In two months the situation may have changed in such a way that a lockdown is no longer necessary. However, if it does come, you can expect another crash like in spring for sure.

[ReiMomo]

It is still early for us to conclude that the 4-6 weeks lockdown will happen since we still have around two months before Biden will be sitting as the president of the US and a lot of things might happen within the time frame.

I believe that Biden is just thinking of this lockdown as an immediate response for the pandemic yet hasn't thoroughly understood the situation but once he was able to have full information on the economic standing of his country then there could be some changes in his decision as well.

On the other hand, if Biden will really implement the lockdown it may really crash down the Dow by a huge point. However, locking down the whole country may somehow strengthen the value of USD in the global exchange due to its demand in the market.

[AndySt]

We can't assume if this plan will be implemented in 2021 by Biden since Trump is still trying to contest the result and recount will be conducted in few states, then that won't guarantee this 4-6 weeks lockdown.  Probably, if this will really happen next year the Dow Jones will definitely pull down by a thousand points for import and export will be on hold during those times.
However, we can't assume right away that it is a wrong move because I'm pretty sure that behind this plan they will gain something on it, and whatever the result they already have backup plans as an immediate response if the outcome won't be favorable to them.
Anyway, let's just hope it won't worsen the situation besides we can't go against it if once implemented.

In any case, there is still time before the inauguration of the newly elected or previous President, and we hope that the necessary clarity will be made before that time, because if there is uncertainty about the election results, it will eventually put pressure on the index itself. There is nothing good in the lockdown itself, but given the experience of the first wave of the pandemic, it seems that the final word in this matter remains with the authorities of individual States, and here a classic confrontation between the President of the country from one party and the head of state from another party can play out.

[suzanne5223]

There's a chance that Biden will announce a national lockdown in the US since he believes it to be the only solution to keep the pandemic under control but I don't think that the perfect solution due to the damage once was done by the total lockdown and not even this time that Pfizer vaccine was proved to be more than 90% effective

A lockdown is the worst thing he can do and far from being a solution for anything but maybe stopping migrations lol

If he does it he's going to bankrupt businesses and it won't change anything for covid. The lockdown will have to be lifeted at some point and then whoever did not get covid in the first and second wave will finally get it. This is not something we can stop. We can delay it, that's all.

I also consider the total lockdown not to be the solution to control or put an end to the covid 19 spread in the US but your decision and mine don't count cause the President and his management decision will be the final say. However, I think the lockdown is out of the picture now that the Moderna vaccine was said to be 94.5% effective while the Pfizer vaccine is also more than 90% effective.

[aesma]

Dow jones is doing fine so far, as are my investments into another stock market. In fact with the two vaccines announcements my portfolio went up 20%, that's wild.

Personally I'll take the vaccine ASAP, I want to be able to travel again, it's the only thing worth doing.

[slapper]

He will not be President until January of 2021. Trump continues to stay on his chair and govern the country.

Lockdown is necessary for the USA since they have recorded many people infected everyday. However, we will soon have the vaccine and it is guaranteed that the vaccine is effective. Therefore, we can avoid the lockdown by soon implementing the vaccine.

Personally, Trump should consider to impose the lockdown during mid summer because it was the high time of the disease. But he ignored it and now the USA has turned into a big chaos. Cant blame him much. Each President has their own ways to solve problems

[HaXX0R1337]

Dow jones is doing fine so far, as are my investments into another stock market. In fact with the two vaccines announcements my portfolio went up 20%, that's wild.

Personally I'll take the vaccine ASAP, I want to be able to travel again, it's the only thing worth doing.

For that you need to wait for alteast six months to a year to get the vaccine unless you are a medical personal or someone important you wont get the vaccine from what i read from the newspapers and on top of that i am not aware of any vaccines that are hundred percent tried and tested and the risk of taking a trail version is just as harmful if the side effects are not studied carefully.
About lockdown, first let Trump and Biden decide who will be in the office .

[aesma]

Dow jones is doing fine so far, as are my investments into another stock market. In fact with the two vaccines announcements my portfolio went up 20%, that's wild.

Personally I'll take the vaccine ASAP, I want to be able to travel again, it's the only thing worth doing.

For that you need to wait for alteast six months to a year to get the vaccine unless you are a medical personal or someone important you wont get the vaccine from what i read from the newspapers and on top of that i am not aware of any vaccines that are hundred percent tried and tested and the risk of taking a trail version is just as harmful if the side effects are not studied carefully.
About lockdown, first let Trump and Biden decide who will be in the office .

I'm not a medical professional but I'm someone at risk with the virus so I should get some priority. Here in my country it should be given starting in January apparently. Maybe even before, unlike for previous vaccines everything is accelerated.

They've done phase 3 trials, so they already know the vaccine is safe, that's phase 1 and 2. Phase 3 it's thousands of people who tried it so I'm confident in it.

[DevilSlayer]

He will not be President until January of 2021. Trump continues to stay on his chair and govern the country.

Lockdown is necessary for the USA since they have recorded many people infected everyday. However, we will soon have the vaccine and it is guaranteed that the vaccine is effective. Therefore, we can avoid the lockdown by soon implementing the vaccine.

Personally, Trump should consider to impose the lockdown during mid summer because it was the high time of the disease. But he ignored it and now the USA has turned into a big chaos. Cant blame him much. Each President has their own ways to solve problems

USA are implementing health protocols but they are not too strict and it is the reason why wearing face masks in their country is not mandatory. There are also many ignorant people there who are not believing in Covid 19 and there are also some who believe but they do not want to wear face mask because their reason is they have freedom to do what they want and they cannot breathe properly wearing mask. Trump is not yet conceding even though Biden already won in terms of votes in different states. Trump is good when it comes to testing because millions of people in USA are already tested but he is not good when it comes to strict health protocol and it is the reason why the active cases there are still high. Biden said that he will form a great team with great scientist where it is a task force in order to beat the COVID 19. I hope that this task force will become successful where there is no lockdown that is required. I do not think that the DJIA can crashed more than a 1000 points because we are already finished in crucial week where investors are now starting to re invest their money.

[nomenclatur]

this will actually stop the spread of this corona virus if isolation measures can make things much better then all that should be supported this will make the USA economy will weaken for a short time Biden must have prepared all this for his country and its people to be free from the corona virus if problems this can be resolved in the near future then the US economic growth will return to normal.

[wiss19]

Maybe if there is a full lockdown that will strictly prevent people from going out to anywhere, then it might help to contain the virus. If you check, the last lockdown that was done in the USA didn’t really help stop the virus, instead it kept going up, and I am guessing maybe because some people were sneaking out or something, and when they do, they go out to contact the virus.

But one thing I know for sure, is that any lockdown is going to bring the economy down, it’s going to happen for sure. And if they would go on a lockdown and come out without the virus being contained 100%, then it will be a wasted time.