Market plunge over coronavirus fears underscores political risk to Trump Passengers exit a plane at

[Free Vulcan]

As President Trump spent Monday sightseeing in India, the U.S. stock market plunged amid growing concerns about a deadly virus spreading quickly across continents — a split screen that brought into stark relief how the coronavirus is testing the White House and undercutting Trump’s central reelection message.

The Trump administration’s disjointed handling of the outbreak has faced mounting criticism as the president’s allies have scrambled to take preventive steps while seeking to reassure the public, at times struggling to explain their decisions and offer a consistent message.

https://www.washingtonpost.com/politics/market-plunge-over-coronavirus-fears-underscores-political-risk-to-trump/2020/02/24/331aa162-572a-11ea-9000-f3cffee23036_story.html

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It was just a matter of time before they went there. So it begins.

[Smokin Joe]

Did WaPo mention that those infected flown home were flown here in express defiance of a presidential directive to NOT do so?

I doubt it. Next thing, they have him cooking up a batch in the situation room...

[thackney]

When the COVID-19 virus spreads into Mexico with little controls, I see border security becoming an even more important factor in the election.

[Smokin Joe]

When the COVID-19 virus spreads into Mexico with little controls, I see border security becoming an even more important factor in the election.

Yet the Obama administration distributed EV D-68 throughout the US with "refugees" from Central America, and little was said.

[IsailedawayfromFR]

When the COVID-19 virus spreads into Mexico with little controls, I see border security becoming an even more important factor in the election.

And if things get bad enough here where people get genuinely scared for their lives, I can see the "Stop Or I Shoot' being part of that border security.

[Smokin Joe]

And if things get bad enough here where people get genuinely scared for their lives, I can see the "Stop Or I Shoot' being part of that border security.

If it's that bad here, maybe they'll stay home.

[IsailedawayfromFR]

If it's that bad here, maybe they'll stay home.

There is no healthcare where they come from, so it is worth the risk for them

[Smokin Joe]

There is no healthcare where they come from, so it is worth the risk for them

If you are a citizen who got stripped of your insurance by Obamacare (over a million of us had that), there isn't much here, either.

[libertybele]

If it's that bad here, maybe they'll stay home.

IF it becomes bad here, it'll be worse there and they will flock here for treatment.

Not time like the present (excuse) to shut down our borders.  No entry into this country.  None.

[Applewood]

Dow down at opening 123 points.

[Smokin Joe]

Dow down at opening 123 points.

The panic is working fabulously. Buy at the bottom...

In the meantime, the push is on to wreck the economy in time for the election.

[Cyber Liberty]

Dow down at opening 123 points.

Approaching -500.  We're in Correction territory.  I think we may already be 10% off the all-time high for the DJIA.

[thackney]

How the stock market has performed during past viral outbreaks, as coronavirus spreads to Italy and Iran
https://www.marketwatch.com/story/heres-how-the-stock-market-has-performed-during-past-viral-outbreaks-as-chinas-coronavirus-spreads-2020-01-22

U.S. equity markets have experienced turbulent trade recently as investors keep watch of a deadly viral outbreak of COVID-19 in China....

...However, gauged by the market’s performance during the onset of other infectious diseases, including SARS, or severe acute respiratory syndrome, Ebola and avian flu, Wall Street investors may have little to fear that the pathogen will sicken a U.S. stock market that finished 2019 with the best annual return in years and finished Thursday trade at all-time highs....

...Historically, however, Wall Street’s reaction to such epidemics and fast-moving diseases is often short-lived.

According to Dow Jones Market Data, the S&P 500 posted a gain of 14.59% after the first occurrence of SARS back in 2002-03, based on the end of month performance for the index in April, 2003. About 12 months after that point, the broad-market benchmark was up 20.76% (see attached table):...

[Smokin Joe]

How the stock market has performed during past viral outbreaks, as coronavirus spreads to Italy and Iran
https://www.marketwatch.com/story/heres-how-the-stock-market-has-performed-during-past-viral-outbreaks-as-chinas-coronavirus-spreads-2020-01-22

U.S. equity markets have experienced turbulent trade recently as investors keep watch of a deadly viral outbreak of COVID-19 in China....

...However, gauged by the market’s performance during the onset of other infectious diseases, including SARS, or severe acute respiratory syndrome, Ebola and avian flu, Wall Street investors may have little to fear that the pathogen will sicken a U.S. stock market that finished 2019 with the best annual return in years and finished Thursday trade at all-time highs....

...Historically, however, Wall Street’s reaction to such epidemics and fast-moving diseases is often short-lived.

According to Dow Jones Market Data, the S&P 500 posted a gain of 14.59% after the first occurrence of SARS back in 2002-03, based on the end of month performance for the index in April, 2003. About 12 months after that point, the broad-market benchmark was up 20.76% (see attached table):...

Like I said, a buying opportunity.

[libertybele]

The panic is working fabulously. Buy at the bottom...

In the meantime, the push is on to wreck the economy in time for the election.

Exactly right.  With Bernie promising his free stuff, he could very well be our next POTUS. I don't see the market recovering from that.