Dow Jones could crash by up to 4000 points if Biden locks USA!!! - page 3.

philipma1957

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Quote from: stompix on November 13, 2020, 06:58:45 PM

Quote from: aesma on November 13, 2020, 06:14:51 PM

stompix : Europe is doing exactly that, and the virus is getting back under control, what's so bad about that ?

Europe is doing what?
I live in Europe and there is no lockdown, there is a curfew in most cases.
Lockdown means all public transport is closed, all public and private businesses except essential are shut down, there is nothing like this happening here. We have 4 factories with more than 30 000 employees in a 50k range, all in the automotive industry and all are working at full capacity, if a lockdown would be imposed those would have to shut down, who is going to pay those people and from what?

The worse measures I've seen so far are shutting down pubs, restaurants, malls, and a few other services and imposing a curfew at night, nothing even remotely to a total lockdown, if that happens again the economy will not recover even in 2022.

Second, 4,5k people dying every day is considered under control?

Basically they are letting lots of people catch it every where in the world. They then point to the USA and Trump laugh and say well we are better then the USA less sick less dead.

Pretty much looks like this will take out 10million people by the first of May.

stompix

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Quote from: aesma on November 13, 2020, 06:14:51 PM

stompix : Europe is doing exactly that, and the virus is getting back under control, what's so bad about that ?

Europe is doing what?
I live in Europe and there is no lockdown, there is a curfew in most cases.
Lockdown means all public transport is closed, all public and private businesses except essential are shut down, there is nothing like this happening here. We have 4 factories with more than 30 000 employees in a 50k range, all in the automotive industry and all are working at full capacity, if a lockdown would be imposed those would have to shut down, who is going to pay those people and from what?

The worse measures I've seen so far are shutting down pubs, restaurants, malls, and a few other services and imposing a curfew at night, nothing even remotely to a total lockdown, if that happens again the economy will not recover even in 2022.

Second, 4,5k people dying every day is considered under control?

aesma

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Well unless hospitals by then are completely flooded, frigorific trucks are back to get filled with bodies, etc., then maybe Biden will have to do something. But by "do something" it still would be try to convince states, because the US president just doesn't have that power. Just like Trump can't steal the election because it's not in his power to decide how votes are counted etc., it's a state power.

7788bitcoin

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Quote from: exstasie on November 13, 2020, 06:40:25 PM

And there is no way every state is going to impose a lockdown, considering the economic damage it will cause. I'd be surprised if many states impose a full on lockdown at all. Social distancing guidelines, limited capacity for higher risk businesses, etc. yes, but not lockdowns. Not again.

I hope so we will not see a complete lockdown, but things are going out of hand in some states and people are walking around without any social distancing nor wearing a mask and until you are able to change that mindset the authorities will be forced to shut down everything so that these stupid idiots will not spread the virus because they are not taking any precautions. Another lockdown and the small business will not take that any further and many has closed their doors forever.

philipma1957

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Quote from: exstasie on November 13, 2020, 06:40:25 PM

Let's nip this rumor in the bud:

Quote

Biden coronavirus advisers nix national U.S. lockdown

WASHINGTON (Reuters) - The head of Democratic U.S. President-elect Joe Biden’s coronavirus advisory board said on Friday there was no plan to shut the country down and that the new administration’s approach will be targeted at specific areas.

Another member of Biden’s COVID team, Dr. Michael Osterholm, suggested in a Yahoo Finance interview on Wednesday that the country could cover individual companies’ and local governments’ losses for a four- to six-week lockdown to drive numbers down.

Osterholm clarified in an interview with ABC on Thursday that he did not discuss a lockdown with anyone on the advisory board and he did not think there was a national consensus for it. “Nobody’s going to support it,” he said.

https://www.reuters.com/article/us-health-coronavirus-usa-lockdown/biden-coronavirus-advisers-nix-national-u-s-lockdown-idUSKBN27T26L

There is talk of a 4-6 week bailout for companies and governments affected by local lockdowns, but no plans for any sort of national lockdown.

I also don't think it matters what Biden wants to do. The White House doesn't have the authority to issue a national stay-at-home order. That power is held by individual states. It's up to state governors.

Fact Check: A Blanket National Quarantine Is Likely Not Legal

And there is no way every state is going to impose a lockdown, considering the economic damage it will cause. I'd be surprised if many states impose a full on lockdown at all. Social distancing guidelines, limited capacity for higher risk businesses, etc. yes, but not lockdowns. Not again.

As I said the donald will fix it. Basically we will double to 333,333 cases a day by thanksgiving and maybe peak higher than that. Biden if he gets in i think it is jan 20th. So many more people will have had the sickness he will not need to shut down anything at all.

exstasie

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Let's nip this rumor in the bud:

Quote

Biden coronavirus advisers nix national U.S. lockdown

WASHINGTON (Reuters) - The head of Democratic U.S. President-elect Joe Biden’s coronavirus advisory board said on Friday there was no plan to shut the country down and that the new administration’s approach will be targeted at specific areas.

Another member of Biden’s COVID team, Dr. Michael Osterholm, suggested in a Yahoo Finance interview on Wednesday that the country could cover individual companies’ and local governments’ losses for a four- to six-week lockdown to drive numbers down.

Osterholm clarified in an interview with ABC on Thursday that he did not discuss a lockdown with anyone on the advisory board and he did not think there was a national consensus for it. “Nobody’s going to support it,” he said.

https://www.reuters.com/article/us-health-coronavirus-usa-lockdown/biden-coronavirus-advisers-nix-national-u-s-lockdown-idUSKBN27T26L

There is talk of a 4-6 week bailout for companies and governments affected by local lockdowns, but no plans for any sort of national lockdown.

I also don't think it matters what Biden wants to do. The White House doesn't have the authority to issue a national stay-at-home order. That power is held by individual states. It's up to state governors.

Fact Check: A Blanket National Quarantine Is Likely Not Legal

And there is no way every state is going to impose a lockdown, considering the economic damage it will cause. I'd be surprised if many states impose a full on lockdown at all. Social distancing guidelines, limited capacity for higher risk businesses, etc. yes, but not lockdowns. Not again.

philipma1957

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Quote from: Juggy777 on November 13, 2020, 07:57:17 AM

According to strategist David Nelson there’s a high possibility, that Dow Jones may crash up to 4000 points if Biden announces a national lockdown after sitting in the presidential chair. Also for those who may wonder why he gave this remark, then it’s because Biden expert on Covid has hinted that USA could be locked down for 4 - 6 weeks to contain covid. Lastly what do you’ll think will a national lockdown help USA, or it’ll further harm USA economy?.

Quote

3,000 or 4,000 [Dow] points lower at least,” veteran strategist David Nelson of Belpointe Asset Management told Yahoo Finance Live on the market reaction to a possible lockdown.

Quote

Influential COVID-19 adviser to president-elect Joe Biden Dr. Michael Osterholm told Yahoo Finance Live a four- to six-week national lockdown would be appropriate to get the pandemic under control.

Source:

https://finance.yahoo.com/news/if-biden-shuts-down-the-us-economy-the-dow-would-drop-nearly-4000-points-strategist-183358871.html

I think that by the time biden gets in most of the country will have caught the disease already.

Today USA topped 160,000 cases which will grow again. So there is no need to fear biden crashing the dow bro.

Lets see if trumpster can get us past 250,000 cases a day. By Friday the 20th. He is right on track to do it.
USA is whaling thanks to the Donald.
My guess is we peak at 333,333 cases a day.

please note screen shot clearly shows it is from worldometers.

aesma

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The US president doesn't have the power to lock down the country. That decision is more local, at the state, county, or even municipal level. That's why there are already lockdowns in some places in the US, and not in others. Biden can try and influence the decision of local authorities, with the help of congress providing relief to businesses for example, but he can't just lock things down.

stompix : Europe is doing exactly that, and the virus is getting back under control, what's so bad about that ?

stompix

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Quote from: The Sceptical Chymist on November 13, 2020, 02:44:03 PM

Biden isn't likely to lock down the US, anyway. He's not stupid enough to start off his presidential career with such a bone-headed move that could kill the economy.

But, but, but...it's all good Grin

Biden Covid advisor says U.S. lockdown of 4 to 6 weeks could control pandemic and revive economy

See? A lockdown will revive the economy, probably after its death but still, it will revive it! Probably....
And he has a miraculous solution:

Quote

He said the government could borrow enough money to pay for a package that would cover lost income for individuals and governments during a shutdown.

Be honest, have you ever thought how simple this was? We shut everything down and we borrow money! Problem solved!
Yeah, that's why those guys are advisors to the next president and we morons here are not, we don't have such bright ideas like them. Anyhow, leaving all this sarcasm aside, as I'm not really familiar with the segregation of powers in the US, is this right?

Quote

The federal government may claim to be able to shut down the economy, but the truth is that states are the ones responsible for regulating the businesses that operate within their boundaries. So the federal government can’t order states to close down or reopen their businesses.

Does he even have the power to shut it all down?

bittraffic

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Okay, he isn't yet the president until JAN., that's very important. People still have time to prepare before he could lock down everything, this is worse than Trump. It's going to be harder for Biden to actually run the country when half of its people don't recognize him as President.

HabBear

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Ooooh...ALARMING HEADLINE...feel FEAR! UNCERTAINTY! DOUBT!

If the DJIA were to drop 4,000 points, it'll set us back to the price levels we saw in April of this year...when (brace for it)...the country was shut down for COVID. There's nothing new here in this prediction, it's just acknowledging that if we do something we did in the past (shut down economic activity) we may end up with a similar result (a drop in the DJIA).

The DJIA is flirting with 30,000 right now. So a 4,000 drop brings us to 26,000. The lowest point the DJIA has hit this year is 19,000. Nothing to be alarmed at here. Pull backs should be expected if we ask business to stop for some period of time!

To the OP...context matters, facts cut a hole in us, what out for the hype...it can stink like poop on your shoe!

DJIA price history

The Sceptical Chymist

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Quote from: Tytanowy Janusz on November 13, 2020, 10:56:32 AM

It is very possible but ... luckily Biden is not yet a US president (Trump presidency ends on Jan 20) and until then vaccine will be most likely ready.

Right, that's an important point that Biden is not yet president, and it's something non-US citizens might not realize. I'm not so sure that a vaccine is going to be available by Jan 20th, but it's certainly possible. Pfizer is a kick-ass company and they're certainly capable of rushing vaccines (and other pharmaceuticals) past the usual FDA approval process.

Biden isn't likely to lock down the US, anyway. He's not stupid enough to start off his presidential career with such a bone-headed move that could kill the economy.

Quote from: Tytanowy Janusz on November 13, 2020, 10:56:32 AM

It is also possible that Bidden didn't win:

Mmm....no. I don't care how many lawsuits Trump has filed or how many recounts are done, Biden was the clear winner--and Trump is an extremely sore loser. But GODDAMN I am glad he's finally out of office!

hugeblack

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All these analyzes of the price decrease come from an analogy of what happened last March and the assumption that it will be repeated, but what happened in the past had many changes and therefore what happened in the previous March will not be repeated.

The world now knows a lot about this epidemic and has a previous experience, so the possibility that there will be blind decisions and it is not clear how to deal with it will be excluded, and experiments on the vaccine have reached advanced stages.

tomahawk9

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So, he's expecting a similar crash to the one from late February this year when it tanked from 29k points to 25k? back then everything went to hell after that crash :/

thing is that the initial 4000 points crash from earlier this year had some major catalysts behind it like the oil war and covid19 was starting to spread rapidly worldwide. But this time around we have the news about a vaccine in early 2021 and optimism is rising up in the market, so perhaps the downward movement won't be that bad during a one-month lockdown

Silberman

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Quote from: Febo on November 13, 2020, 11:56:36 AM

Quote from: Juggy777 on November 13, 2020, 07:57:17 AM

Dow Jones could crash by up to 4000 points if Biden locks USA!!!

I dont believe that can happen. There is vaccine made already. Vaccine means hope. Al that stock markets need is hope. I mean, all needed to prevent crash is hope. If something get wrong with vaccine then everything sis possible. If first people will start getting vaccined next month and all is fine with them then there is zero chances fro a stock market crash even if there is total lockout for 30 days. They will simply print more money.

That is the thing, the markets do not really need that the vaccine is being applied all over the world for them to recover what they need to know is that we have the vaccine, it is effective and that it is on production, and we know this is true because the markets have recovered since the crash they suffered, locking down the country will make the market to go down but I doubt we will such a huge crash as now people are not on panic mode as they were back on those days.

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Quote from: Juggy777 on November 13, 2020, 07:57:17 AM

According to strategist David Nelson there’s a high possibility, that Dow Jones may crash up to 4000 points if Biden announces a national lockdown after sitting in the presidential chair. Also for those who may wonder why he gave this remark, then it’s because Biden expert on Covid has hinted that USA could be locked down for 4 - 6 weeks to contain covid. Lastly what do you’ll think will a national lockdown help USA, or it’ll further harm USA economy?.

Lockdown will be the worst solution for the moment. During the pandemic season, you still have to work because it is the last resort to save the US economy. If it is closed for 4-6 weeks, income and production must also be halted, tens of millions more people will be unemployed -> Great recession in 2021

especially the lower classes of society, if they don't have a job, they will starve to death during the anti-epidemic days. I claim Mr. Joe Biden is really on the wrong track, that solution only makes the economy go down and the people poorer!

dothebeats

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It'll be good if the whole transcript of the interview is actually present, as the article didn't state anything vital that could make me fully understand why a USA lockdown for a week or two would net 4000-point loss from the Dow. Sure, businesses and industries would take a beating for this pause in economic activity, but prolonged community transmissions in the country would also net huge hospitalizations, huge loss of life and huge impact on the economy in the long run. People are against the lockdown because the stimulus package isn't approved, and doesn't seem to be on the talks after the elections, but if said package is promised in line with a lockdown, then I guess the market wouldn't react negatively to it, so does the citizens who are greatly affected.

Quote from: Febo on November 13, 2020, 11:56:36 AM

I dont believe that can happen. There is vaccine made already. Vaccine means hope. Al that stock markets need is hope. I mean, all needed to prevent crash is hope. If something get wrong with vaccine then everything sis possible. If first people will start getting vaccined next month and all is fine with them then there is zero chances fro a stock market crash even if there is total lockout for 30 days. They will simply print more money.

The vaccine developed by Pfizer and BioNTech is far from being refined, and is logistically difficult to handle given that the mRNA-based vaccine needs -70°C storage temperature in order for the vaccine to be viable for use. These temperatures are possible to attain if dry ice is plentiful, and that in itself is another problem since most of the world's dry ice producers are short on stocks and manpower, making the equation for vaccine distribution a lot harder.

Febo

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Quote from: Juggy777 on November 13, 2020, 07:57:17 AM

Dow Jones could crash by up to 4000 points if Biden locks USA!!!

I dont believe that can happen. There is vaccine made already. Vaccine means hope. Al that stock markets need is hope. I mean, all needed to prevent crash is hope. If something get wrong with vaccine then everything sis possible. If first people will start getting vaccined next month and all is fine with them then there is zero chances fro a stock market crash even if there is total lockout for 30 days. They will simply print more money.

ilovealtcoins

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Biden is a Democrat and he will encourage startups rather than American industrial corporations. That will cause industrial corporations to drop points but cannot overvalue because when the COVID special vaccine launches next year, it will make the US industry restart.

Tytanowy Janusz

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It is very possible but ... luckily Biden is not yet a US president (Trump presidency ends on Jan 20) and until then vaccine will be most likely ready. It is also possible that Bidden didn't win:

Quote

“REPORT: DOMINION DELETED 2.7 MILLION TRUMP VOTES NATIONWIDE. DATA ANALYSIS FINDS 221,000 PENNSYLVANIA VOTES SWITCHED FROM PRESIDENT TRUMP TO BIDEN. 941,000 TRUMP VOTES DELETED. STATES USING DOMINION VOTING SYSTEMS SWITCHED 435,000 VOTES FROM TRUMP TO BIDEN.”

https://twitter.com/realDonaldTrump/status/1326926226888544256

Also few states will recount votes and exclude votes without proof of identity.

Quote

Our most recent research in September revealed that 353 U.S. counties had 1.8 million more registered voters than eligible voting-age citizens. In other words, the registration rates of those counties exceeded 100% of eligible voters!

https://www.breitbart.com/politics/2020/11/12/fitton-2020-election-update/

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