Markets pummeled, will Trump take the blame?

Amid COVID-19 fears and Saudi/Russia oil price war global markets are getting crushed. Rightly or wrongly when US markets get hammered the sitting president tends to take heat for it.

Will this affect trump's 2020 prospects or will he once again be able to skate past a political crisis that would destroy other candidates' chances?

EDIT: holy shit they temporarily halted trading... yikes.

His mishandling of the crisis isn't helping.

Yes. The interesting question is, will he deserve it? Or is it pure partisan posturing? It's not like we haven't seen enough of that going around from both sides.

There's a reason why he's called Teflon Trump - MAGA cult don't give a shit.

It's a Clinton plot to take down trump!!

Emergency tax cut to the rich!! They will invest in the market

You would only be able to blame trump if you convince yourself the virus and saudi/russia oil price war are Trumps fault.

Personally I think its a good time to buy stocks, this virus will most likely blow over, ones that buy while the market is down will make major gains.

Oh boy... if it gets low enough, here come the layoffs.

How many of you prepped for this? I know I did months ago. No Costco TP raids for me. My son could build a pretty badass fort with all the TP I have.

TOPIC: Of course Trump will be blamed. Personal responsibility is a thing of the past and we need dear leaders to take care of us.

THe rate of this virus has picked up. 2-3 days ago we hit 100K cases, now we are at 110K. If you're blaming other people for how bad things are getting, I honestly feel bad for you.

Our economy anymore is like a game of Jenga, continuously making things higher and higher by tearing apart the foundations. It's only ever a matter of time and catalyst before things turned to shit. Trumpalump isn't running the economy himself, but his actions do have impacts, and he's dropping the ball hard right now. So yes, he should get a little blame. It's not like he literally factory brewed covid-19 like a supervillain, but he certainly fucked up the market by letting it prop up a bowling ball with silly string, and then fucked up the outbreak response. Saying he's blameless in our recent major downturn is simply inaccurate.

Now if the question is, will it cost him the election... I mean in any sane world, he never would win in the first place, but here we are. It's virtually impossible to predict anything a month out these days, even whether a president losing his one saving grace is enough to get his ass canned.

@Vaasman: I can predict the election

*Places 2 fingers on forehead*

Trump wins in landslide 2020 election, well over 400 electoral votes

The house flips red

liberals struck with disbelief

How did the russian spy manage to rig the election AGAIN!

Worth less than the octopus that predicts soccer, and he died a while back so...

Bloomberg spent over half a billion dollars and all it got him was American Samoa. He should have gotten with the Russians that got Trump elected for the low price of a hundred grand instead.

The fear. The panic.

The fear the panic the fear the panic.

Fear.

Panic.

on track for worst single day drop ever. points OR percentage

history folks.

https://finance.yahoo.com/quote/%5EDJI?p=^DJI

@comp_atkins: hope tesla drops more. I plan to buy

Yes. Lets see how much of the blame.

Looking at the current Democrat presidential candidates Trump will get re-elected. Trumps policies have positioned the United States to be able to weather this current crisis, unlike many of the European countries especially Italy.

lol yeah he should have, instead of paying Americans to make memes for him he should just gotten the Russians to do it for free XD That guy pissed away so much money to lose big, what a waste. So glad i don't have to listen to his generic stupid ads everywhere now.

His fault for jumping in late and just trying to buy the damn thing, Trump was modest compared to Bloomberg, even Ted Cruz spent more on his campaign than Trump. Trump did it the way everyone does, went through the entire process unlike Bloomberg.

This tweet made me laugh so much, I'm a big fan of our president, I originally only voted for him because i cant stand Hillary, but hes earned my respect, absolute savage and holds nothing back. Honestly will never get a president like this again. I'm going to miss him come 2024.

https://www.youtube.com/watch?v=oZRtyg-8y1g

@rmpumper:

they dont... till it hits their wallets...

sad side note. a person that is in the cult of trump... got hit with some fake news on twitter and now thinks con virus... was man made..... this guy fell for fake news a few times now. when it involves trump.

Yup, logged into my trading account today to see I have essentially lost everything in my S&P 500 ETF. Funny to think it was at +13% two weeks ago hahaha...aww.

With that said, it is a good time to buy, that's for sure.

I don't blame Trump for this but he could certainly be doing better.

Look into tech stuff; anything made with parts from China (apple, AMD, intel, nvidia) is going to be cheap, and will probably surge upward. A lot of devices are not being made, creating a lot of demand.

Of course he won't.

It could hurt demand on a permanent basis as well.

Buy when it's low.

Good looks! I'm new to stocks tbh started building my portfolio last year so i'm always open ears.

Yeah both AMD and Nvidia look to have dropped pretty low, I'm sure they will bounce back. I didn't realize AMD stock was that cheap, tbh it makes a lot more sense for me to invest into them, plus i love AMD and they have been doing a killer job with their CPU's. I wonder how much more it will drop... interesting stuff

I got a buddy who says investing in airliners might be a good look since they have gotten hit so hard by the virus, also cruise ships. its cheap right now

Unless you expect it to go even lower and stay there for a while. Or if it's possible that the company could go under.

The only stock advice you should follow from gamespot is: don't follow stock advice from gamespot.

I'd say he's only going to take blame if this whole thing drags out long enough. If Corona virus runs it's course and subsides in the next few months, it won't affect him at all. If it lingers until the fall, he's in trouble.

@Vaasman: Investments are long-term.

Fear when others are greedy, and be greedy when others are fearful.

And yes, don't take stock advice from GS.

Massive good advice there Steve, if you do really want to invest or begin to invest, don´t look to a forum like GS.

And also don´t fall for those "get rich quick schemes" like those self-help gurus sell, they will never work.

Do your own research and find a reputable trade forum, if you really think you need good advice.

President always gets the credit or the blame for the markets.

The CDC kind of runs the show. I'm curious, what is Trump not doing? Should he issue Cuban style orders and round up all suspected infected people into death camps? Ask the world to triple its production of hand sanitizer? Magically create an antiviral or vaccine to this new strain? It seems the markets are down because this is a worldwide pandemic, not because of the - so far limited - spread of the virus in the US. There are countries that are taking massive draconian tactics to prevent spread and it still spreads. So what steps should the US be taking that they aren't?

What's more disgusting is all the non doctors and non CDC people that are spouting out useless advice and inciting terror and panic. In 2017 the flu killed 45,000 people in the US alone. It annually kills 20,000 people. Yet no one panics about it. Coronavirus has been around for decades. This new strain appears to be more virulent, but many experts suspect the true mortality rates are lower because many people are asymptomatic and dont get tested. It seems to be killing people that are very sick to begin with, it does not appear to be striking down healthy adults in their prime.

Get real people. There was not a damn thing to prevent this from happening. Blaming this on Trump is what is wrong with the political climate. Democrats are so scared they are going to lose in November you all are reaching for anything hoping it can hurt Trump. It really isn't a good look right now.

If Trump is to blame why is ever other country in the world also getting it?

No it's not his fault lol

Just think, with H1N1, Obama didn't declare a national emergency until there were millions of cases, 20,000 people hospitalized, and 1,000 people had died. All the headlines back then were telling people not to panic.

Trump declares a national emergency after a single death, and we get a bunch of headlines saying he isn't doing enough.

https://www.nytimes.com/2009/04/27/world/27flu.html

https://www.mediamatters.org/coronavirus-covid-19/sean-hannity-right-wing-media-lie-about-obamas-2009-h1n1-response

jeez man. stop getting your news from right wing outlets...

here's a simple flowchart i made to help you out

Yeah, what do I know, I've only increased my investments 30% over two years.

But no, good advice.

Focus on long-term, let the day traders do the buying and selling. Find a good mutual fund or ETF with good dividend payments and low fee. I recommend Vanguard stuff (specifically VOO).

Yeah. I recommend opening a Schwab account. They're super helpful and have some great tools for researching.

Do your own research for sure, but don't ignore advice outright just because it come from some online forum or something. A lot of us are adults with jobs, decades of experience, and are financially responsible. People are in general very helpful when given the opportunity to be.

Don't forget the part about him being called a racist xenophobe when he initially ordered a travel ban from places that were hit the worst.

Trump is to blame or praise for how it is treated.

Trump hasn't declared a national emergency...

https://www.independent.co.uk/news/world/americas/us-politics/coronavirus-trump-emergency-us-cases-white-house-a9389606.html?utm_source=reddit.com

He agreed to congressional funding but the whitehouse is still floating the idea of emergency.

The rooster who took credit for the sunrise is angry that he's taking blame for the sunset.

There's a reason presidents don't usually tout the stock market as a reason to support them. This is it.

Trump was either too stupid to understand that or too arrogant to think it could happen to him.

The man is a genius but he can't do everything. First he saved the markets, now is working hard on finding a cure on his secret lab.

No, of course not. And why would he? This will be forgotten in a few weeks.

No, of course not. And why would he? This will be forgotten in a few weeks.

The stock market isn’t even the end all be all indicator of the economy. US economy has been in the dumps for a while now on stats like matter like life expectancy.

Yup, it started doing worse than Obama's trend before Covid-19. And that's with ballooning the deficit during a growth period which makes economists heads spin.

Republican presidents as usual. Hopefully the next Dem fixes their mess as always.

Didn´t know you were a Biden supporter.

But you are right, whoever comes in need to be fiscal responsibility.

More unstable, yes. That's par for the course with deregulation, but it didn't do worse. Not by a long shot.

11-year bull market ended. we're officially in a bear market

https://www.foxbusiness.com/markets/us-stocks-march-11-2020

Surprised to hear you voting for a Democrat.