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Trump Tests Positive for COVID-19

Posted on 10/2/20 at 1:01 am
Posted by Jag_Warrior
Virginia
Member since May 2015
4090 posts
Posted on 10/2/20 at 1:01 am
My phone just lit up with alerts. After it was announced that Hope Hicks had tested positive, it was announced that Trump and his wife have also tested positive.

Dow futures are down roughly 500 and the Nasdaq futures are down about 230.

Posted by Ballstein32
Member since May 2020
365 posts
Posted on 10/2/20 at 1:55 am to
Gonna be a rough start to the market in the am
Posted by hiltacular
NYC
Member since Jan 2011
19677 posts
Posted on 10/2/20 at 2:23 am to
It’s not going to be pretty
Posted by UncleLester
West of the Mississippi
Member since Aug 2008
6606 posts
Posted on 10/2/20 at 4:03 am to
I will be looking to buy - depending on the dip.

Super Conservative Play: KO is currently down 1.34%. Quarterly dividend should be $0.41 at end of November.
Posted by Boh
Baton Rouge
Member since Oct 2009
12357 posts
Posted on 10/2/20 at 4:17 am to
Could be a bumpy road in the market not just today but over the next week or two. Keep some cash in the back pocket for the volatility
This post was edited on 10/2/20 at 4:21 am
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 10/2/20 at 4:35 am to
:(
Posted by thelawnwranglers
Member since Sep 2007
38782 posts
Posted on 10/2/20 at 6:57 am to
Wonder why this impact market so close to election

Seems like presidential uncertainty built in
Posted by Allthatfades
Mississippi
Member since Aug 2014
6715 posts
Posted on 10/2/20 at 7:13 am to
Gonna be an ugly day and the next month is probably going to be pretty volatile as well. Lot of wild swings.
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/2/20 at 7:24 am to
I bet he makes a statement today and things rebound.
Posted by castorinho
13623 posts
Member since Nov 2010
82026 posts
Posted on 10/2/20 at 7:42 am to
quote:

Wonder why this impact market so close to election

the market this year has overreacted on no news, so this isn't surprising.
It's like a teenage girl.
Posted by thelawnwranglers
Member since Sep 2007
38782 posts
Posted on 10/2/20 at 7:45 am to
quote:

the market this year has overreacted on no news, so this isn't surprising.
It's like a teenage girl.


It just feels like casino now
Posted by KillTheGophers
Member since Jan 2016
6215 posts
Posted on 10/2/20 at 7:59 am to
quote:

Seems like presidential uncertainty built in


You have a fed pushing 7T
Stock valuations through the roof
Credit ratings trending the wrong way
Loads of low interest high risk corporate debt
A pandemic that our economy hostage

Any negative news will be a spark towards the fuse.

Look at the volatility index up through and past the election - people are heading bigly...and this was was before Trump’s diagnosis.

Posted by RollTide4Ever
Nashville
Member since Nov 2006
18309 posts
Posted on 10/2/20 at 8:02 am to
Assuming Trump dies, Pence is more than capable of being a leader.
Posted by castorinho
13623 posts
Member since Nov 2010
82026 posts
Posted on 10/2/20 at 8:04 am to
quote:

Assuming Trump dies,
Posted by RollTide4Ever
Nashville
Member since Nov 2006
18309 posts
Posted on 10/2/20 at 8:06 am to
Just presenting the most dire case scenario. Otherwise, no reason for the market to go crazy over it.
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40852 posts
Posted on 10/2/20 at 8:25 am to
Until the uncertainty is cleared up, I would expect some bad days
Posted by supadave3
Houston, TX
Member since Dec 2005
30257 posts
Posted on 10/2/20 at 8:27 am to
quote:

You have a fed pushing 7T
Stock valuations through the roof
Credit ratings trending the wrong way
Loads of low interest high risk corporate debt
A pandemic that our economy hostage

Any negative news will be a spark towards the fuse.

Look at the volatility index up through and past the election - people are heading bigly...and this was was before Trump’s diagnosis.


I knew I picked a bad day to stop sniffing glue.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48519 posts
Posted on 10/2/20 at 8:36 am to
Posted by TigerDeBaiter
Member since Dec 2010
10265 posts
Posted on 10/2/20 at 8:38 am to
Not that bad...
Posted by Auburn1968
NYC
Member since Mar 2019
19475 posts
Posted on 10/2/20 at 9:08 am to
quote:

It just feels like casino now


It's a good thing they don't serve free drinks!
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