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I’m saying that using a leading indicator like the stock market is no metric for declaring that things are getting better. Trump going up there and making a bu
by joezydeco 7y ago
I’m saying that using a leading indicator like the stock market is no metric for declaring that things are getting better.
Trump going up there and making a bunch of positive statements means zero right now. The public and private sectors have no reason to trust the federal government during this situation.
- BoorishBears 7y ago> I’m saying that using a leading indicator like the stock market is no metric for declaring that things are getting better. Literally no one but yourself has implied the stock market going well means Coronavirus is going away. That’s so absurd I gave you the benefit of the doubt and assumed something was lost in your wording... The comment chain is about the effect of the virus on electability of an incumbent. The stock market’s performance is very much tied to that and while not the only indicator of an election's outcome, is a pretty strong motivator of political change. On that note... since his speech a ton of bad news has come out, some his claims were proven false, the fed hit the nuclear options, and futures hit a circuit breaker Sunday night which is a terrible indicator for this morning’s market. So it’s still a strong factor in his electability, just not in the direction it was Friday evening.