Anonymous
Anonymous asked in Business & FinanceInvesting · 2 months ago

why would the stock market crash because of Trump getting Covid19? (I thought stock market didnt care who is president)?

Update:

Kevin O'Leary even recently told CNBC that "the stock market really doesn't give a dam who wins the presidency"

7 Answers

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  • 2 months ago
    Favorite Answer

    The stock market is only as high as it is because of the Trump administration's blatant manipulation.  Remove the manipulation and the markets crash.  Easy.

  • RICK
    Lv 7
    2 months ago

    John doesn't know a thing about the economy. 

  • Anonymous
    2 months ago

    Uncertainty does not help stocks.

  • Steve
    Lv 6
    2 months ago

    What Kevin said is not true. The market has always reacted either positive or negative based on who wins the election for president. It may be a short lived correction, but there is a reaction in the market based on most any positive or negative world news. The President coming down with a potentially deadly virus is world news.

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  • kswck2
    Lv 7
    2 months ago

    Sometimes markets move up or down For a reason, and sometimes for No reason whatsoever. 

  • John
    Lv 5
    2 months ago

    Because Biden might become President.

    Trump is good for business and jobs for the ordinary working person, the average guy/gal having a decent job is good for Business, so if Trump is out of President you have a jerk like Biden which would be bad for the economy, higher taxes, which hits the poor hardest and increases unemployment, the poor having jobs reduces taxes.

    The markets do care who is President.

  • Anonymous
    2 months ago

    Investors do not like uncertainty and having an orange clown with a potentially deadly virus which he called a hoax in the white House is a sign of uncertain times. 

    KARMA and the souls of 200,000 Americans are getting back at Trump for his incompetent, narcissistic, failed Presidency. 

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