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spanone

(135,829 posts)
Sun Mar 15, 2020, 09:15 AM Mar 2020

After the Dow fell over 20% points the president went on TV to brag of a one day rise in stock mkt

peoples' 401K's were decimated and trump took credit for a one day bump in the stock market

mainly due to the declaration of a national emergency that made $50 bilion dollars available to deal with the emergency.

he bragged that he should hold press conferences five times a day (gloating that the stock market would rise each time)

he's incapable of any sense of empathy.

we are in the incapable hands of a madman who takes no responsibility for his actions.

I'm disgusted.

9 replies = new reply since forum marked as read
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After the Dow fell over 20% points the president went on TV to brag of a one day rise in stock mkt (Original Post) spanone Mar 2020 OP
...and ignoring the first press conference that cratered the Dow. Liberal In Texas Mar 2020 #1
So he finally does what everyone said he should have done two days earlier GopherGal Mar 2020 #6
You also can get a "dead cat bounce" Are_grits_groceries Mar 2020 #2
S&P and NASDAQ futures are currently down over 1% DJIA is -0.77% Roland99 Mar 2020 #3
He signed the DJIA chart and sent it exboyfil Mar 2020 #4
It was a well-orchestrated production. kentuck Mar 2020 #5
I posted right before close exboyfil Mar 2020 #7
We'll See At Monday Open ProfessorGAC Mar 2020 #8
This is his pattern--make a mess and then claim credit for any improvement in it Maeve Mar 2020 #9

GopherGal

(2,008 posts)
6. So he finally does what everyone said he should have done two days earlier
Sun Mar 15, 2020, 10:29 AM
Mar 2020

... and pats himself on the back for undoing a fraction of the damage he did earlier.

exboyfil

(17,862 posts)
4. He signed the DJIA chart and sent it
Sun Mar 15, 2020, 09:44 AM
Mar 2020

To that fool Lou Dobbs. You know those horror movies where s child or an idiot is given power. We are living it.

kentuck

(111,085 posts)
5. It was a well-orchestrated production.
Sun Mar 15, 2020, 09:51 AM
Mar 2020

With all those established businessmen, on a late Friday evening, to announce a national emergency and billions of dollars input into the system.

It worked. At least, temporarily.

exboyfil

(17,862 posts)
7. I posted right before close
Sun Mar 15, 2020, 10:44 AM
Mar 2020

That it was time to take advantage of Dead Cat Bounce 2 and clear equities. 401ks fulfill orders at the end of the day. I had a balanced portfolio going in, but I had no intention of continuing to ride the coaster.

ProfessorGAC

(65,010 posts)
8. We'll See At Monday Open
Sun Mar 15, 2020, 10:47 AM
Mar 2020

This was not a good weekend for investors.
Talk about a total shutdown will make some traders nervous. Long term profit taking might be the priority and others might be happy to buy at a discount.
Not predicting, but it's possible.

Maeve

(42,281 posts)
9. This is his pattern--make a mess and then claim credit for any improvement in it
Sun Mar 15, 2020, 10:49 AM
Mar 2020

Yeah, I crayoned the whole wall, but look how clean THAT bit is!!

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