General Discussion

Calista241

(5,595 posts)

40. The problem with this

Mon Aug 5, 2024, 11:35 AM

Aug 5

Is that there's nothing in the immediate future that's going to turn it around tomorrow, next week or the week after. And there's a whole lot of geo-political stuff that could exacerbate the downtrend. The reports (like the employment reports) that were supposed to stabilize the markets came out and had the opposite effect.

The Fed just met, and decided not to do anything, and they don't meet again until September. Even if they did an emergency cut, would that solve the problem? The Sahm rule has been triggered, layoffs are being announced / implemented over the next month. Are more layoffs ahead?

We've basically got 30 days for the doomers to preach before any positive news could possibly be released. And after 30 days of doom, will the reports that could fix this actually fix it?

As far as the election is concerned, this is the worst possible timing. Everyone is going to think we're in recession, but without really knowing for sure. Markets are in a tailspin and unlikely to recover in the short term. Economic anxiety is going to be off the charts.

The Nikkei dropped 12% yesterday, in 1 day. If the US markets lose 12% this week, that is going to be a catastrophe. All other political issues will go away, and the economy will be the #1, #2, and #3 issue on everyone's mind.

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This message was self-deleted by its author [View all] Doodley Aug 5 OP

How would that work, exactly? elleng Aug 5 #1

This is the worst single day fall in points in the history of the Nikkei or as a percentage since the 80s. Doodley Aug 5 #4

Such alarmist 'noise' surely won't help. elleng Aug 5 #5

I don't follow the point you are making. My point is this impacts on America, on the stock market, on news reporting on Doodley Aug 5 #19

There are always market corrections, ups and downs, initial OVER-REACTIONS then a leveling out...relax. Deek1935 Aug 5 #8

you wrote in your op that you 'think it's an overreaction' bigtree Aug 5 #15

This is historic. No over-reaction on my part. Doodley Aug 5 #20

you directly contradicted the fearful headline in your own post bigtree Aug 5 #26

concern noted. RJ_MacReady Aug 5 #29

It's starting to feel like 2008 in reverse, sadly democrattotheend Aug 5 #36

Will alarmist warnings and predictions instill market confidence? wnylib Aug 5 #38

The economy is great, stock market corrections happen, especially after a long run to irrational exuberance levels ImNotGod Aug 5 #2

Agreed, but this will open the door to the economy being the number one news issue and Trump saying things like: Doodley Aug 5 #3

I share your concerns True Dough Aug 5 #6

Yep Cosmocat Aug 5 #12

I hope so. And if we get more good economic news this could quickly turn around. Doodley Aug 5 #25

Who gives a flying fuck what The Orange Rapist says. Just chill. Deek1935 Aug 5 #9

How about 70 million people who voted for him last time. Why the aggression? Doodley Aug 5 #21

He also says that violent crime is the worst ever, and inflation is 40% . . . hatrack Aug 5 #11

He will say this anyway travelingthrulife Aug 5 #35

I disagree Turk182 Aug 5 #16

People just need to chill out. Bedwetting over this and that and that and this is foolish. Deek1935 Aug 5 #17

Thank you. You are right. Trump will put the fear of God into voters who listen to him and drive up GOP turnout. Doodley Aug 5 #23

concern RJ_MacReady Aug 5 #24

It's nothing more than a big casino CountAllVotes Aug 5 #18

meh RJ_MacReady Aug 5 #7

Less pressing the DOOM button maybe? Brainfodder Aug 5 #10

this is election season bullshit bigtree Aug 5 #13

I don't think the fear is that the economy is in a recession... Self Esteem Aug 5 #27

the market hasn't dropped this low bigtree Aug 5 #31

The market just opened. Self Esteem Aug 5 #33

The sky is not falling due a week or ten days of bubble corrections DFW Aug 5 #14

The problem with this Calista241 Aug 5 #40

first of all where is the link to the poll? Demsrule86 Aug 5 #22

Wall Street is pretty much a casino and I can't figure out the latest drop at all. Vinca Aug 5 #28

Late summer months are always a bad time for the markets. Yavin4 Aug 5 #32

We want booming economy in October kansasobama Aug 5 #37

Won't happen that fast after a rate cut. Yavin4 Aug 5 #43

Just everyone having a sad Diraven Aug 5 #30

What Isn't Alarming to You, Doodley? MineralMan Aug 5 #34

For godsakes it is just a minor correction. If doc03 Aug 5 #39

The stock market is down one day and back up the next GoreWon2000 Aug 5 #41

Been predicting, since start of campaign season, that Corporations would try to tank the economy before November Attilatheblond Aug 5 #42

Most Americans have always been morons Zoomie1986 Aug 5 #44

Relax. Elessar Zappa Aug 5 #45