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Dow's Biggest Drop in Eight Years - Media Comparison

Discussion in 'GatorNana's Too Hot for Swamp Gas' started by Spurffel, Feb 27, 2020.

  1. Spurffel

    Spurffel All American

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    This fascinates me - I realize no one here is surprised there is bias in the media - the extent of that bias is however fodder for much debate here and elsewhere.

    We had the biggest drop in the DJIA since the great recession. That's a fact - I realize many can and will argue whether or not it means something bigger in the long term, the political ramifications and whether someone is more responsible for it than others. But can we all agree this qualifies as news worth reporting?

    AP has it as their headline.
    AP Feb 27.jpg
    CNN has it as their second story.
    CNN Feb 27.jpg
    I can't even find it on Fox New's website.
    Fox News Feb 27 (page 1).jpg
    Fox News Feb 27 (page 2).jpg
    Fox News Feb 27 (page 3).jpg
     
    Last edited: Feb 27, 2020
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  2. nolancarey

    nolancarey GC Hall of Fame

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    Varney piece about 'dems drumming up panic' coronavirus/market. I guess that's it on the front page? It's on the business pages.
     
  3. NavyGator93

    NavyGator93 GC Legend

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    Trumpsters are an interesting group of investors. When the Dow is doing well it’s all about “just look at the 401 baby”. When it tanks, suddenly they go silent or talk about their sophisticated long term approach to investing.
     
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  4. BLING

    BLING GC Hall of Fame

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    There’s really nothing interesting or inexplicable about it. It’s because just like the Fox News they watch and regurgitate, they are full of crap.

    Some of those jokers clearly don’t even know how a 409k plan operates. ;)
     
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  5. duchen

    duchen VIP Member

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    People believe it is a liberal panic. As if institutional investors invest based on liberal rumors. Or China hasn’t shut down. When your opponent’s reality is based on lies and people still consider that better the alternative you know you have problems. We saw in another thread the “liberal panic” posts. From apparently college educated people
     
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  6. gatorknights

    gatorknights GC Hall of Fame

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    All I know is my 420K is doing great! Snoop agrees. :D

    [​IMG]

    Bob Marley's estate is pretty happy too.
     
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  7. NavyGator93

    NavyGator93 GC Legend

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    I haven’t been reading the boards much but people can’t really be stupid enough to think this is a liberal thing.
     
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  8. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Lol... That's pretty much how it works... Right now is a buyer's market.

    upload_2020-2-27_20-43-48.jpeg
     
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  9. Gator515151

    Gator515151 GC Hall of Fame

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    Nice try....Do a search for 401K and you will find Jan 9 was the last time a Conservative mentioned a 401k on GC before today. There have been about a dozen mentions since then but they were by Anti Trumpsters.
     
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  10. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Obama's stock market returns are now TWICE as good as the "greatest economy ever".


    OBAMA2X.jpg
     
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  11. HallGator

    HallGator Senile Mod Moderator VIP Member

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    I am not nearly as concerned about how this will affect DT as how it will affect our economy.
     
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  12. oragator1

    oragator1 Premium Member

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  13. BLING

    BLING GC Hall of Fame

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    Fortunately our economy is operating from a position of strength, but if more of Europe and the U.S. shut down like China who the hell knows.

    I have seen reports that China is still going to have growth, but I can't fathom how that could possibly be when so much of their economy is at a standstill. That being said, once you get past the virus there should be a strong bounce back (and there was an estimate from JPM they will bounce back to 15% in the 2Q). I'm just saying I don't see how they are still projecting "growth" in the 1st Q. Most likely China is looking at negative GDP growth right now, in this quarter. How could they not?

    The US hasn't really been hit yet, in terms of much impact on GDP. So I guess everyone just needs to see how bad it gets on the ground here. If we have to shut a bunch of stuff down or if China spirals out of control (further impacting our supply chain), then it could be a wild ride. Hard to say how much of that is already factored in with the 3,000+ drop.
     
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  14. NavyGator93

    NavyGator93 GC Legend

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    Search for 429, trump loves the uneducated.
     
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  15. tampagtr

    tampagtr VIP Member

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  16. NavyGator93

    NavyGator93 GC Legend

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    For all the silliness about a liberal panic, you have to be clueless not to see the real ramifications of what has already happened. The disruption to a country that supplies so much of the fuel to our economy will hurt, doesn’t matter what happens going forward.
    My company has been fortunate in that our one huge supplier in China was only down for a couple of weeks after their new year. They agreed to meet certain conditions and the govt allowed them to open. This was largely possible because their US side of the business had the foresight to ship over high end masks not available in China.
     
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  17. BLING

    BLING GC Hall of Fame

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    Yeah, the market response seems pretty rational so far.

    This was actually the type of response I expected from the tariffs, and effectively the worry right now is that trade is at a standstill, which is the exact same worry you get from protectionist trade policies. We could be facing shortages on certain imports.

    That never happened with the tariffs, because market participants never believed the tariffs were real, and in a way they weren't (since some items were maneuvered to avoid tariffs, they kicked the can a few times, and then ultimately agreed to a partial deal). With this, there is no avoiding or kicking the can. The issue in China is real. Certain production lines stopped. People are at home and the streets are empty. I think the market has factored that in, still probably waiting and seeing what happens with the rest of the world.
     
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  18. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

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    With the previous tariffs some business moved to other countries so the effect from China is not quite as big as it would have been if this happened two years ago.
     
  19. sierragator

    sierragator GC Hall of Fame

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    all just a conspiracy to hurt the biggest snowflake on the planet: Donald Trump
     
  20. mutz87

    mutz87 Leon's getting larger VIP Member

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    Not to worry, the market will correct media bias about the market.
     
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