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Posts posted by bostonangler

  1. I think he is shaking because he knows these markets are going to get a lot worse before they get better. He also knows his resort business which has been teetering is going to tip over. The odds makers are swinging to a loss for him in November. And he may be shaking because he may have to eat vegetables when McDonald's start to close.. Okay that last one was a joke. So neg me, I know that gives some folks a perverted thrill.



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  2. 2 minutes ago, umbertino said:

    Italy faces calls to ‘close everything’ to tackle coronavirus


    Authorities in virus-hit country consider further restrictions as Covid-19 takes hold in Europe


    Jon Henley Europe correspondent

    Wed 11 Mar 2020 12.03 GMT



    Deserted bars and restaurants in St Mark’s Square in Venice on Tuesday
    Photograph: Mirco Toniolo/errebi/AGF/Rex/Shutterstock


    Thanks for the update Umbertino... This thing is really becoming a big deal here too..



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  3. 6 minutes ago, md11fr8dawg said:



    The problem with ANY type of socialism Umbertino is, eventually you run out of other people's money!!


    I know right? Like our 23 TRILLION dollar debt... Who do we owe, and how do we repay it? We don't. Our corporate socialist government is running out of other people's money and guess who those other people are? We are those other people and it's our money...



    • The United States' closest international ally is in a state of incredulity and "disbelief" at how badly President Donald Trump has handled the coronavirus outbreak.

    • UK government officials told BuzzFeed News that the president's slow response and his tweets seeking to downplay the spread of the virus had triggered disbelief among Prime Minister Boris Johnson's administration.

    • One UK official accused Trump of spreading misinformation about COVID-19, the illness caused by the virus.

    • Trump and Johnson's relationship has deteriorated in recent months — last month, the president hung up the phone on the prime minister in a moment of "apoplectic" fury.

    • Here's how the coronavirus is spreading in Britain.

    • Visit Business Insider's homepage for more stories.

    The UK government is in "genuine disbelief" about how badly US President Donald Trump has handled the coronavirus outbreak, and officials have reacted with "incredulity" to the president's attempts to downplay the epidemic, BuzzFeed News reported on Monday.

    The Trump administration's slow response and the president's stream of tweets about COVID-19, the disease caused by the virus, have triggered eye-rolls among Prime Minister Boris Johnson's team, UK officials told BuzzFeed News.

    "There is a general level of incredulity over his comments but especially over the lack of testing," a UK official told the website.

    People in the UK government "are used to the steady stream of tweets, but the last few days have caused more than the usual eye-rolling," the official said. "There is genuine disbelief."

    In recent days, the president has used the outbreak to attack his Democratic opponents.


    The Fake News Media and their partner, the Democrat Party, is doing everything within its semi-considerable power (it used to be greater!) to inflame the CoronaVirus situation, far beyond what the facts would warrant. Surgeon General, “The risk is low to the average American.”


    So last year 37,000 Americans died from the common Flu. It averages between 27,000 and 70,000 per year. Nothing is shut down, life & the economy go on. At this moment there are 546 confirmed cases of CoronaVirus, with 22 deaths. Think about that!


    The president has labeled the outbreak a "hoax" and falsely claimed that "anyone who wants a test can get a test."

    He also reportedly has become fixated on keeping the official number of US cases low.

    Referring to Trump's response and a new UK government unit designed to counter misinformation about the virus online, a UK official told BuzzFeed News that "our COVID-19 counter-disinformation unit would need twice the manpower if we included him in our monitoring."

    Johnson has distanced himself from Trump after an 'apoplectic' call

    Trump and Boris Johnson.
    Trump and Boris Johnson.


    Trump and Johnson's relationship has deteriorated in recent months as Johnson has sought to distance himself from the president.

    The two men have had a series of public disagreements on everything from telecoms policy to trade to the president's conflict with Iran.

    Last month, the president hung up the phone on Johnson in a moment of "apoplectic" rage, after which he accused the prime minister of "betrayal."

    Johnson subsequently canceled his trip to the White House that was set to take place later in March.

    Read the original article on Business Insider




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  4. ‘Jeopardy’ & ‘Wheel Of Fortune’ To Film Without Audience Over Coronavirus Concerns


    In what may be precursor to things to come in the TV industry as the U.S. is trying to contain the rapidly growing coronavirus outbreak, game shows Jeopardy! and Wheel Of Fortune will tape episodes without studio audiences for the foreseeable future, Deadline has confirmed.

    Distributed bu Sony Pictures Television, the long-running syndicated game show film on the Sony lot in Culver City. The news of the temporary elimination of studio audience, first reported by TMZ, comes as Jeopardy host Alex Trebek continues his duties on the program while battling Stage 4 pancreatic cancer. Also factoring into the decision is the fact that the game shows’ audiences are generally older and come from out of town. The CDC recently advised people over 60 and those with underlying health problems to strongly consider avoiding activities that involve large crowds and going on long flights.




    Okay now this is getting serious..


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  5. 12 minutes ago, nstoolman1 said:


    Stupid people who are making this worse than it is. Panicking people and causing undue stress. Over reacting before all the facts are in.


    I know a few sick people and it's like the end of the world... Just like a couple of bad banks and they crashed the markets... This is how after huge run ups in stocks, the big boys take the money... Just think in the last couple of weeks how many people are down in their 401Ks... Remember for every sell there is a buy... A few weeks ago big money was selling... Now little people are freaking out and trying to save their money buy selling, guess who's buying? Yup.... Rinse Wash Repeat...



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  6. WASHINGTON — Just hours after the stock market closed for the day Monday with a record-setting decline of 2,000 points on the Dow Jones average, President Trump took to the White House briefing room to announce steps he said would bolster the economy.  

    “We are going to take care of — and have been taking care of — the American public and the American economy,” Trump said in his surprise appearance at the daily briefing of the White House coronavirus task force.

    Specifically, Trump mentioned a “possible payroll tax cut or relief, substantial relief, very substantial relief.” Trump had floated a payroll tax cut back in August, but the proposal has taken on new significance as worries grow that the world economy could buckle under the weight of the coronavirus outbreak, which has crippled output and consumption in China.

    The robust state of the U.S. economy, and the stock market gains since Trump took office, have been the president’s leading argument in his reelection campaign, but the coronavirus outbreak has the potential to undercut it seriously. The Dow closed at 23,851 points on Monday. It was approximately 20,000 points when Trump took office, reaching an all-time high of 29,568 points less than three weeks ago.

    President Trump and Vice President Mike Pence at a briefing about the coronavirus outbreak. (Patrick Semansky/AP)
    President Trump and Vice President Mike Pence at a briefing about the coronavirus outbreak. (Patrick Semansky/AP)

    So far, the coronavirus has sickened 605 people and killed 19 in the United States.

    Trump also promised that he would get help for hourly workers who lack paid sick leave, which could cause them to come to work while ill to avoid missing a shift. In his remarks on Monday evening, Trump said he wanted to make sure that hourly workers “don’t get penalized for something that’s not their fault.” He said that he would be “working with companies, small companies, large companies, a lot of companies” to craft a plan.

    The president is also set to meet with senators on Tuesday. A leading Republican, Ted Cruz of Texas, will likely not be at the meeting, since he quarantined himself after learning that he had come in contact with a coronavirus-infected individual at the Conservative Political Action Conference, held in National Harbor, Md., late last month. Trump also attended the conference, as did other legislators with whom the president has met and spoken in the past week.

     In his comments on Monday night, Trump also said that the Small Business Administration would be “creating loans for small businesses.” He suggested that aid will be forthcoming to a number of sectors that have suffered as a result of the coronavirus outbreak, specifically naming airlines, cruise ship operators and hoteliers.

    Also speaking at the Monday evening press conference was Treasury Secretary Steve Mnuchin, who has survived tumult in the Trump administration by hewing closely to the president’s sunny messaging. In keeping with that outlook, Mnuchin said that the United States has “the most resilient economy in the world,” though he did not explain how that resilience was gauged.

    “The economy will be in very good shape a year from now,” Mnuchin said. “This is not like the financial crisis,” he said, referencing the housing market collapse of 2007.





    This sounds like socialism to me... More debt to break the bank, just like The Soviet Union...



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  7. Almost forgotten in the rush of doom-and-gloom headlines about the spread of coronavirus and Monday’s record-breaking stock market sell-off is President Trump’s two-week-old advice to would-be investors to buy stocks.

    Though the first market jitters over the economic impact of coronavirus had already led to consecutive triple-digit losses, Trump posted an optimistic appraisal of the investment landscape on Feb. 24.


    The Coronavirus is very much under control in the USA. We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!


    Hours after Trump’s tweet was published, the Dow Jones Industrial Average closed at 28,992, down 227 points.

    A day later Larry Kudlow, Trump’s director of the National Economic Council, made a second appeal on behalf of the beleaguered stock market.

    “The virus story is not going to last forever,” Kudlow said in an interview. “I would suggest very seriously taking a look at the market, the stock market, that is a lot cheaper than it was a week or two ago.”

    President Trump and Larry Kudlow, director of the National Economic Council. (Photo illustration: Yahoo News; photos: AP (3))
    President Trump and Larry Kudlow, director of the National Economic Council. (Photo illustration: Yahoo News; photos: AP (3))

    Despite Kudlow’s optimism, the Dow fell another 1,031 points that day, to close at 27,912.

    In fact, that week turned out to be the worst for the stock market since the 2007 financial crisis, with the Dow losing 3,500 points and wiping out $3 trillion in value.

    On Feb. 27, three days after offering his stock market tip, Trump announced he was appointing Vice President Mike Pence to head up his coronavirus task force, which also included Kudlow. During a White House press conference, Trump assured assured the country that the number of Americans infected with the virus “was going very substantially down, not up,” and that “within a couple of days” the tally would be “down close to zero.”

    Perhaps buoyed by that infectious confidence, Trump’s son, Eric, jumped on the “buy the dip” bandwagon.


    In my opinion, it’s a great time to buy stocks or into your 401K. I would be all in... let’s see if I’m right...


    But just as the number of cases did not go down as Trump had foreseen (the number has risen from 60 confirmed cases at the time of Trump’s press conference to over 600 as of Monday), the stock market proved an equally bad bet.

    On Monday, it fell 2,014 points, the largest single-day point loss in history, and closed at 23,851. For those keeping score at home, that’s more than 5,000 points lower than when Trump proclaimed the markets were starting to look good.

    Of course, Trump isn’t the first president to encourage Americans to invest in the stock market. On March 3, 2009, then-President Barack Obama saw an opportunity to buy following a nearly 300-point dip in the Dow, which at that time had fallen to 6,726 points in the wake of the Great Recession.

    “What you’re now seeing is profit-and-earnings rations are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it.”

    From the time he said that through the end of his presidency, the S&P 500 rose by nearly 225 percent.





  8. Conservative Columnist Max Boot Says Trump's Turning Into 'Baghdad Bob' Over Coronavirus

    Conservative columnist Max Boot called out President Donald Trump on Monday for delivering misinformation instead of the calm and steady leadership needed as the nation faces the twin crises of the coronavirus outbreak and sinking stocks.  

    “Panic is spreading even faster than the coronavirus because there is no leader to reassure a jittery public,” Boot wrote in The Washington Post,

    Boot noted that Trump already lacked credibility before the crisis. Now, Trump “has stayed true to incredible form.” Last month when speaking about the outbreak, Trump claimed to have “shut it down” and predicted “close to zero” cases in the U.S. within a couple of days. And just last week, Trump claimed: “We closed it down; we stopped it.”

    Boot even compared Trump to Mohammed Saeed al-Sahhaf, the ex-Iraqi information minister better known as “Baghdad Bob” for his consistent denials about the grim reality of the situation during the U.S.-led invasion in the early ’oughts: 

    “This is a time that calls for the candor and reassurance of President Franklin D. Roosevelt’s ‘fireside chats.’ Instead, we have a president who is emulating ‘Baghdad Bob’ — the Iraqi minister of information who was claiming complete victory even as Saddam Hussein’s regime was collapsing in 2003.”



    Come on that's funny.



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