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

[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.

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[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