You could almost hear it in their voices at CNBC as the Dow closed Friday at only -357 points down. They were hoping for another day where the Dow lost over a 1000 points as the previous days had been. Media outlets already had the reports ready to talk about the biggest stock market losses ever as if it pointed to signs that the Trump economy was going to slow and a wonderful recession was in the making which might finally stop the president during an election year. But the Dow rallied a bit to close at less of a loss going into the weekend, and that didn’t sit well with the naysayers. They had been weaponizing the coronavirus as their most recent attack on Trump’s optimistic handling of American affairs, and last ditch effort to harm him in some way for the election in November but just like the Coyote in the Road Runner cartoons, the slight turn of the Dow indicated what the rest of us already knew, that this one will blow up in their faces too.
As I said the other day, this coronavirus issue is a hoax designed to cover up the bad economic data from China, and it has spread across the world by market managers who would like to see Trump gone, hoping to incite panic and harm to the American economy. The virus no doubt is real, but the effects have been greatly blown up by the same media that tried to make the “golden showers” story stick, the general Russian hoax, the impeachment scandal and a few years of the Mueller report. In the same way that the FBI had a plan B in case Trump was elected, market investors were trying to incite panic on purpose as to the strength of the virus in hopes to remove a president from office, once again. But the virus is a virus, and it does look big if you only look at the numbers of people affected. However, placed against the percentages of the world population we are talking about percentages near 0%. Most of us have a better chance of being hit by a car, or being hit by a meteor shooting in from space than in being struck by the coronavirus, and if we were by some chance, we certainly wouldn’t die from it. Its always good to be cautious and to take these things seriously, but shutting down the world over it is a bit much and says a lot about our panic driven society.
But I would offer again, this is the time to buy stocks if you are so inclined. It may be a good idea to see where things bottom out, but the name of the game is to buy low and sell high. I think the true value of the Dow will hit over 30,000 by the summer so anything purchased in this upcoming week could lead to massive gains if you are fortunate enough to invest enough money to see it really make an impact. There have been few times in history where the potential gains were so obvious and the bets less risky than in buying stocks at a time when political pressure purely has been the driver behind massive selloffs. We’re not talking about market corrections; we are talking about a radicalized agenda trying to set off a chain reaction to stop a thriving economy. The failure of that effort is what will cause the Dow to bounce back once people realize that this coronavirus is just a ruse, and really isn’t nearly as dangerous as everyone has made it sound. That makes it a safe bet to pour millions back into the Dow to really get a ROI quickly. After all, there are trillions of dollars on the table to be gained quickly for those bold and so inclined.
The real victim here is that so many people have gone out on the limb to try and spread this panic about the coronavirus that it will be remembered as a crying wolf too many times scenario. People believe this stuff because they have some trust remaining in the system of reporters and officials who are out there reporting on the matter. But once everyone comes to the same conclusion that I have, which they will, they won’t believe in the wolf the next time, and will ignore whatever is said entirely. When there is real danger, people will be much less inclined to trust the sources, and that is the real cost of the coronavirus tragedy. The global media has overplayed their hand in a massive way and ultimately let down their audiences.
Its not all a massive conspiracy to remove Trump from office however. I have been a radio show host and understand how difficult it is to fill an hour with just your voice. I don’t have a problem doing it, but I can see how others would be challenged day in and day out. For people in the media business something like the coronavirus is like a snow day for kids in school, or an easy day in the office, the topic tells its own story once potential death could be the result. That makes those time slots much easier to fill with voice and action while on camera, so the media loves coronavirus types of stories that pumps up their ratings without having to do much research for that day’s material. And that is very much part of the puzzle, once a story like coronavirus is out there, every media outlet knows they need to cover it with wall to wall attention because if a competitor beats them to it, then they will look bad. And most of the producers who work these cable shows and newspapers aren’t smart enough to see through the smoke, so it is easier for them to just jump on the panic train and ride it to wherever it goes. The money managers who wanted to hurt Trump know all this of course which is how they were able to inject panic into the story to begin with. All they had to do is start the process, the nature of media did the rest and that is how the fingerprints of the originators get erased from the evidence.
Twitter was interesting to watch during President Trump’s speech in Charleston, South Carolina Friday night, there was real panic from people who hoped that the threat of coronavirus would paralyze Trump to the White House putting out fires that they essentially started to divert him from his focus on the campaign trail. Trump was giving a normal rally speech even as the world was shutting down its schools and banning travel from one country to another. Elizabeth Warren who is trying to run for president, not very well, introduced a plan to divert funds from the border wall construction to fight coronavirus, yet Trump didn’t seem to care. He did his usual thing in spite of all the panic and I couldn’t help but think of a Road Runner cartoon where the Coyote had painted a fake tunnel into the rock wall of a mountain, only to have the Road Runner run into it as if it were real. Panicked and surprised the Coyote tried to do the same knowing that the painting was fake, but that if the Road Runner could do it, so could they. However, the rock was real and the coyote was crushed. Then to make matters worse a truck comes through the painting and runs them over. That is what is happening with the coronavirus and the general news of the stock market. Its all a ruse, and like all the times prior, President Trump will escape like the Road Runner always did, and the Coyote will be mystified as to why he continues to lose time and time again.