Monday, March 16, 2020

Trump Takes Bully Market Continued To Crash

A president’s great role is often that of the Bully Pulpit to get his message to the nation across
In the midst of growing pandemic concerns and market uncertainty he went on TV and lost
Before his corona virus update surrounded by his all star team
The market was down around 2000 after earlier getting reamed
Trump was the voice of assurance with massive numbers of tests soon to be on scene
Yet despite his best efforts to calm the growing market panic he could not wean
An honest response that maybe August or July before we saw the light of an improving day
Triggered a downward response, with each passing moment coming into play
When the market closed and the dust had cleared a market loss of almost 3000 was posted
Far reversal before the advent of the halo when record highs were daily  being toasted
Market futures in the late evening hours were up almost 800 points
Portending a rally of some sorts to the markets tomorrow anoint
We need not to panic and lose our heads
Social distance, washing hands, avoiding those who have symptoms instead
And to the medical experts predictions this too shall come to pass
Only question is whether economy headed for recession or has in the recovery tank a whole lot of gas
© March 16, 2020 Michael P. Ridley aka the Alaskanpoet

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