Here we go again! Stupid is, as stupid does . The dow drops over 1800 pts today on negative COVID 19 news .Spikes in Texas ( over 2500 new cases yesterday ) Florida ( 1700 new cases today ) and Arizona now at 83% hospital capacity, as well as spikes in 16 other states clearly indicate the first wave threat is not over . It is just reaching the rest of the country.
How did Trump respond to the rising threat you ask ? ‘Covid 19 has been reduced to ashes “. His remarks are eerily similar to comments he made early in the year saying ‘its only one person from China, or ‘ its 15 people and is soon going down to one “ or when April comes it will magically go away “ .Trumps denials back in January and February were because he didn't want the economy to crash. With each denial back then, the markets dropped routinely a 1000 or more points on each occasion and thousands of people died . Each time Trump refuses to face reality and facts, the economy, he once again is so dearly touting, may face more closings .This is even before a second wave in the fall .We all saw this movie in March ,and April and know how it all worked out . All in all, not so good. But is there any reader here that thinks Trump learned any thing from his mistakes and disaster ? ( nope !)
Under the circumstances, one would think there would be a re-emergance of Dr. Brix and Dr. Fauci explaining the ongoing public dangers and possibilities those states may face . But just like January and February , Trump ignores the experts and they haven't had a meeting with him in over three weeks. Trump is relying on his crony governors from these 3 red states to do everything to keep the states open regardless of how many people get sick and die. ( to keep his -re-election hopes alive …. only In his mind) . Many of these spiking states felt little impact in the spring and their populations have decided to abandon most precautions, setting up a potential bigger disaster .
Update — Market to Trump — Dow Drops 1800 + Pts — Its corona virus stupid !! ( again)