Re:Dow Hits 20000 for First Time
by tomelders on Wednesday January 25, 2017 @11:29AM
(#13482787)
This is sort of the same sentiment that people have towards things like Bird Flu. It didn't happen, so the experts were wrong, and it was all a load of hot air. But in actual fact a lot of people behind the scenes worked very hard to make sure it didn't become a problem.
[ Parent
| on HN ]
I don't understand how the analogy stands? The warning was if [Brexit/Trump] then bad market outcome because those things are intrinsically bad. It's not a bug that can be fixed - it's a situation to be analysed.
Not only that but the bad impact was one of the given reasons to not do the thing in the first place. "A Brexit vote might cause some problems but they are fixable" is a pretty different message to "A Brexit vote will cause an instant recession".
Who worked behind the scene after the election to make sure that the economy doesn't crash?
>But in actual fact a lot of people behind the scenes worked very hard to make sure it didn't become a problem.
Even more worked harder to sell useless drugs for the epidemic.
I agree that there was a bird flu effect that you describe. Likewise, I always point people at Y2K as being a case in point where a lot of hype created the work that deflated the danger - but lay people could only see the hype.
That said, who worked to make sure that the market didn't crash after Trump got in office?
Y2K doomsday etc.
Wasn't it expected that the markets would rise as soon as uncertainty about Trump started dropping off? Market pricing tries to look ahead.
Was it expected that "uncertainty about Trump would drop off"? And in 1 week or less?