Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 683008266011410437
It won't, unless the coronavirus declines.
Yeah which it will
The whole crisis should moderate in coming weeks tbh.
No one knows that. Transmission is risking pandemic levels.
The stock market will stop declining before then, I’m pretty sure it’s stopped now.
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ lol ok I’m going to hold you to that
That the stock market has stopped declining
Absolutely insane prediction
Yes?
Look at the DOW now, it’s stabilised
I hate how Google features the paywalled stories.
But no, trump is actively hurting the efforts to save lives and stem the spread of disease
By muzzling the CDC and spreading misinformation
How?
What?
He’s recapitulated CDC advices but also given his thoughts.
The Dow is down 614 points today
Now it’s going up.
I.e stabilising
```The global stock market is, theoretically, the distillation of how investors think everything that happens in the world will play out in the economy. Right now, judging by these drops, investors are much less optimistic than they were a week ago. But what they’re predicting is not only how bad the outbreak could be in terms of workers staying home sick, drops in consumer spending, or supply-chain disruptions; it’s also how bad people think it could be. Those might turn out to be two very different things```
There’s not yet evidence to show a stabilization. Maybe it is
So far it is either going to gradually decline or become worse, if the later and panic sets in, you won't see recession but stock prices will be weak.
Sure I mean fundamentally stocks are either pricing in the economic shock accurately, or overestimating or underestimating the impact
Panic has set in
It's just that's reversing now
But stock prices are an early indicator- we haven’t seen the actual economic hit
DOW is now 550
Dude consumer sentiment literally rose lol
Which will be retail and service choking
Ok? That’s absolutely irrelevant
Wow:
Trumpets are absolutely delusional insane people
I still believe Trump is a good president
You couldn't be more correct
Lol