Travel Ban From EU into USA for 30 days
03-12-2020, 06:46 AM
#12
I'm a positive/bullish guy. But this is going to start to suck.
Today alone we had:
Trump all but admit this is starting to be a bad situation even if his administration has handled it "perfectly"
Dozens and dozens of schools/colleges/universities close for a long period of time, moving to online only for foreseeable future
We saw the NBA cancel the remainder of the season
A couple of big names, namely Tom Hanks and his wife, test positive for COVID-19 (This will run wild in the media)
And much more.
Futures are down another -5%+ for tomorrow. The DOW just officially ended an ELEVEN year bull-run. I was sure we were going to pull out of this no problem. However, after today, I'm starting to see how a recession, however small, may find us very soon. It is still completely undeserved. Housing market, bond market, employment, etc. is all perfectly strong. We haven't even seen any balance sheet results yet. Sure, a lot of companies, namely airlines and cruise lines, will be losing money. However, dozens more are going to be making a bunch. Look at Clorox and Wal-Mart for example...
This all roots for the media's deep hatred of Donald J. Trump IMO. They massively inflate every negative situation and minimize the positives. Then you have 80%+ of all Wall Street transactions conducted by news-reading algorithms which in turn sell the snot out of every stock on the constant stream of bad news and voila...The recipe for a crash.
Sorry, I'll get off my soap box...
Today alone we had:
Trump all but admit this is starting to be a bad situation even if his administration has handled it "perfectly"
Dozens and dozens of schools/colleges/universities close for a long period of time, moving to online only for foreseeable future
We saw the NBA cancel the remainder of the season
A couple of big names, namely Tom Hanks and his wife, test positive for COVID-19 (This will run wild in the media)
And much more.
Futures are down another -5%+ for tomorrow. The DOW just officially ended an ELEVEN year bull-run. I was sure we were going to pull out of this no problem. However, after today, I'm starting to see how a recession, however small, may find us very soon. It is still completely undeserved. Housing market, bond market, employment, etc. is all perfectly strong. We haven't even seen any balance sheet results yet. Sure, a lot of companies, namely airlines and cruise lines, will be losing money. However, dozens more are going to be making a bunch. Look at Clorox and Wal-Mart for example...
This all roots for the media's deep hatred of Donald J. Trump IMO. They massively inflate every negative situation and minimize the positives. Then you have 80%+ of all Wall Street transactions conducted by news-reading algorithms which in turn sell the snot out of every stock on the constant stream of bad news and voila...The recipe for a crash.
Sorry, I'll get off my soap box...
03-12-2020, 07:36 AM
#15
Registered
They hid it for a long time in China.
03-12-2020, 08:06 AM
#17
Registered
Thread Starter
I only posted as an FYI for those who may have had friends/ family who were traveling in the EU or about to - it would really be a SH*TTy circumstance to be away and then informed that you are refused return..
As posted/clarified in the media, "But the White House later clarified in a tweet that the suspension only applied to foreign nationals who have traveled to one of 26 European countries in the past 14 days. The tweet said American citizens would be exempt from the restrictions, and would be directed to "limited airports" for screening. The White House also said the restrictions would actually go into effect at midnight Saturday."
As posted/clarified in the media, "But the White House later clarified in a tweet that the suspension only applied to foreign nationals who have traveled to one of 26 European countries in the past 14 days. The tweet said American citizens would be exempt from the restrictions, and would be directed to "limited airports" for screening. The White House also said the restrictions would actually go into effect at midnight Saturday."
03-12-2020, 08:25 AM
#19
Registered
All Trump has to do is make a very racy racist comment, and this whole thing dies in 2 seconds. Seriously tell me I’m wrong!!
