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WTF did Trump do to the stock market?

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murphstahoe

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WTF did Trump do to the stock market?
« on: March 08, 2020, 09:37:05 PM »
SAD!
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ILLove1997

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Re: WTF did Trump do to the stock market?
« Reply #1 on: March 09, 2020, 09:26:52 AM »
-1 for low effort
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ThePAMan

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Re: WTF did Trump do to the stock market?
« Reply #2 on: March 09, 2020, 10:30:56 AM »
Quote from: ILLove1997 on March 09, 2020, 09:26:52 AM
-1 for low effort

Someone is guilty of Trump Derangement Syndrome Derangement Syndrome!!!
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illiniray

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Re: WTF did Trump do to the stock market?
« Reply #3 on: March 11, 2020, 07:04:35 PM »
The Corona virus is correcting it back to normal P/E ratios. Pretty much what happened was corporations used tax cuts to buy back their own stock; which inflated the value. 

https://www.gurufocus.com/news/1062412/are-there-any-markets-that-are-not-overvalued

Had a Trumpy tell me GDP growth was averaging over 3% under Trump. Said Trump waved his magic wand and manufacturing jobs had returned to the rust-belt. I showed him some facts and he called me a liar. That is the real Trump derangement.

GDP growth has been 2.4%, 2.9% and 2.3% in 2017, 2018 and 2019, respectively, under Trump, for an average growth rate of 2.5%

https://www.forbes.com/sites/chuckjones/2020/02/21/trumps-gdp-growth-rate-is-only-03-greater-than-obamas/#63403ebd6f4b
« Last Edit: March 11, 2020, 07:22:05 PM by illiniray »
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murphstahoe

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Re: WTF did Trump do to the stock market?
« Reply #4 on: March 11, 2020, 07:11:53 PM »
Quote from: illiniray on March 11, 2020, 07:04:35 PM
The Corona virus is correcting it back to normal P/E ratios. Pretty much what happened was corporations used tax cuts to buy back their own stock; which inflated the value. 

Had a Trumpy tell me GDP growth was averaging over 3% under Trump. Said Trump waved his magic wand and manufacturing jobs had returned to the rust-belt. I showed him some facts and he called me a liar. That is the real Trump derangement.

The Price is going down, but... the E is going to take a pretty freaking bad hit too. What's the economic impact of basically cancelling the NCAA's? And that's probably pretty small compared to cancelling Facebook, Apple, and Google developer conferences.
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illiniray

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Re: WTF did Trump do to the stock market?
« Reply #5 on: March 11, 2020, 07:19:19 PM »
Quote from: murphstahoe on March 11, 2020, 07:11:53 PM
Quote from: illiniray on March 11, 2020, 07:04:35 PM
The Corona virus is correcting it back to normal P/E ratios. Pretty much what happened was corporations used tax cuts to buy back their own stock; which inflated the value. 

Had a Trumpy tell me GDP growth was averaging over 3% under Trump. Said Trump waved his magic wand and manufacturing jobs had returned to the rust-belt. I showed him some facts and he called me a liar. That is the real Trump derangement.

The Price is going down, but... the E is going to take a pretty freaking bad hit too. What's the economic impact of basically cancelling the NCAA's? And that's probably pretty small compared to cancelling Facebook, Apple, and Google developer conferences.

The P/E ratios were 90% overvalued three weeks ago. Stocks dropped before earnings dropped.

Now, earnings will drop and  the fucked up response to the coronavirus did not help.  Apparently, Obama did not have any test kits ready.  :)
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IlliniGolf

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Re: WTF did Trump do to the stock market?
« Reply #6 on: March 11, 2020, 08:56:43 PM »
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alum74

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Re: WTF did Trump do to the stock market?
« Reply #7 on: March 13, 2020, 02:30:43 PM »
Let's add another button:  Elect a competent person to run the gov't.   
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Custard

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Re: WTF did Trump do to the stock market?
« Reply #8 on: March 13, 2020, 09:09:34 PM »
Quote from: alum74 on March 13, 2020, 02:30:43 PM
Let's add another button:  Elect a competent person to run the gov't.   

That’s the obvious response but our peers, by current rules, elected Trump. And the Democrats—who want to run health care—have been playing bumper cars and lining up behind a guy that’s likely to get steamrolled. 🤷🏻‍♂️
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illinicalvin

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Re: WTF did Trump do to the stock market?
« Reply #9 on: March 13, 2020, 09:23:49 PM »
Quote from: IlliniGolf on March 11, 2020, 08:56:43 PM

They're both true.

You could make the same cartoon with "private sector" replacing the word "government" to disprove capitalism.
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Custard

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Re: WTF did Trump do to the stock market?
« Reply #10 on: March 13, 2020, 11:23:01 PM »
Can I see a show of hands for who would rather have Trump running healthcare than the private sector?
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alum74

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Re: WTF did Trump do to the stock market?
« Reply #11 on: March 14, 2020, 12:10:29 AM »
Quote from: Custard on March 13, 2020, 11:23:01 PM
Can I see a show of hands for who would rather have Trump running healthcare than the private sector?

Right now, I’d settle for a competent and consistent response to the coronavirus outbreak from Trump. 
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Custard

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Re: WTF did Trump do to the stock market?
« Reply #12 on: March 14, 2020, 01:40:29 AM »
Quote from: alum74 on March 14, 2020, 12:10:29 AM
Quote from: Custard on March 13, 2020, 11:23:01 PM
Can I see a show of hands for who would rather have Trump running healthcare than the private sector?

Right now, I’d settle for a competent and consistent response to the coronavirus outbreak from Trump.

I’ve often read that ones expectations drive ones anger and frustration. If that’s true, then expecting Donald Trump to act competent and consistent has to be some form of sick masochism. Same goes for nichi. What are you guys doing with your lives? 🤔😂🤔
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ThePAMan

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Re: WTF did Trump do to the stock market?
« Reply #13 on: March 14, 2020, 07:58:32 AM »
Quote from: Custard on March 13, 2020, 11:23:01 PM
Can I see a show of hands for who would rather have Trump running healthcare than the private sector?

The equivalent of the "Illinois never should have fired Bruce Weber" argument, everybody!
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illiniray

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Re: WTF did Trump do to the stock market?
« Reply #14 on: March 14, 2020, 12:38:06 PM »
Quote from: Custard on March 14, 2020, 01:40:29 AM
Quote from: alum74 on March 14, 2020, 12:10:29 AM
Quote from: Custard on March 13, 2020, 11:23:01 PM
Can I see a show of hands for who would rather have Trump running healthcare than the private sector?

Right now, I’d settle for a competent and consistent response to the coronavirus outbreak from Trump.

I’ve often read that ones expectations drive ones anger and frustration. If that’s true, then expecting Donald Trump to act competent and consistent has to be some form of sick masochism. Same goes for nichi. What are you guys doing with your lives? 🤔😂🤔

Who is expecting Trump to act in competent and consistent manner? What planet have you been living on? Over 90% of Republicans still approve of the blithering idiot.  My Trumpist friends actually believe there is a COVID-19 hoax to hurt Trump. I am not making it up. 

Meanwhile:   Federal Reserve Announces Unprecedented $1.5 Trillion in Loans to Wall Street
https://wallstreetonparade.com/2020/03/federal-reserve-announces-unprecedented-1-5-trillion-in-loans-to-wall-street-today-and-tomorrow/
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