[taiwanboy]

This is a global health crisis that happens to impact millions of workers who are now worried they might contract coronavirus or they might lose their jobs if they were in some of the more impacted industries.

To be shorting and attacking the economy and businesses during this time (all businesses are interconnected, especially ones that provide food/energy/medical supplies) and be so distrustful of efforts to help ramp up testing and saving lifes, it’s just wrong.

I happen to know many people who works in cruise industries and hospitality. These folks are worried sick right now. Those people are who you are shorting

[mullingitover]

I'm not supporting or opposing short selling, just pointing out that:

- It was happening

- The White House probably was aware of the extent of it

- They wanted to get credit for the rise in stocks when their actions actually didn't have any effect (or perhaps even had a negative effect)

[Shivetya]

Seriously what do you want the White House to do? Run around like chickens with their head cut off? I am so damn disappointed at this site often enough to just delete the book mark. The partisan first, TDS, or call it what you will, on display here, makes me wonder if I landed on reddit/politics instead of a tech site.

The government's job is to assure calm, it that requires a little white lie or a bit of misdirection then so be it. the last thing we need is people in authority spreading doom and gloom.

[tomrod]

Assure effectual calm, I would say. Not wallpaper a crisis for gain of self, cronies, or political points, which is what the original commenter was describing.

People need direction and understanding of the severity, which has been lacking.

[jpster]

I’m curious as to your definition of a little white lie, and I wonder how durable you think this calm is. People clamoring for tests nationwide don’t need provable lies told to them. They need confidence that the people in charge know what they’re doing and they need to know how they can access the tests. These lies are hurting, not helping.

[mullingitover]

> it [sic] that requires a little white lie or a bit of misdirection then so be it

If they were doing things that instilled confidence, I'd be happy to give them credit. However, let's review the timeline of statements:

- Jan. 22: “We have it totally under control.”

- Jan. 24: “It will all work out well.”

- Jan. 29: “Just received a briefing on the Coronavirus in China from all of our GREAT agencies, who are also working closely with China. We will continue to monitor the ongoing developments. We have the best experts anywhere in the world, and they are on top of it 24/7!”

- Jan. 30: “We think we have it very well under control. We have very little problem in this country at this moment — five. And those people are all recuperating successfully. But we’re working very closely with China and other countries, and we think it’s going to have a very good ending for it. So that I can assure you.”

- Feb. 2: “Well, we pretty much shut it down coming in from China. … We can’t have thousands of people coming in who may have this problem, the coronavirus. So we’re gonna see what happens, but we did shut it down, yes.”

- Feb. 7: “Nothing is easy, but [Chinese President Xi Jinping] … will be successful, especially as the weather starts to warm & the virus hopefully becomes weaker, and then gone.”

- Feb. 10: “I think the virus is going to be — it’s going to be fine.”

- Feb. 14: “We have a very small number of people in the country, right now, with it. It’s like around 12. Many of them are getting better. Some are fully recovered already. So we’re in very good shape.”

- Feb. 19: “I think it’s going to work out fine. I think when we get into April, in the warmer weather, that has a very negative effect on that and that type of a virus. So let’s see what happens, but I think it’s going to work out fine.”

- Feb. 24: “The Coronavirus is very much under control in the USA. … Stock Market starting to look very good to me!”

- Feb. 25: “You may ask about the coronavirus, which is very well under control in our country. We have very few people with it, and the people that have it are … getting better. They’re all getting better. … As far as what we’re doing with the new virus, I think that we’re doing a great job.”

- Feb. 25: “CDC and my Administration are doing a GREAT job of handling Coronavirus, including the very early closing of our borders to certain areas of the world.”

- Feb. 26: “Because of all we’ve done, the risk to the American people remains very low. … When you have 15 people, and the 15 within a couple of days is going to be down to close to zero. That’s a pretty good job we’ve done."

- Feb. 27: “Only a very small number in U.S., & China numbers look to be going down. All countries working well together!”

- Feb. 28: “I think it’s really going well. We did something very fortunate: we closed up to certain areas of the world very, very early — far earlier than we were supposed to. I took a lot of heat for doing it. It turned out to be the right move, and we only have 15 people and they are getting better, and hopefully they’re all better. There’s one who is quite sick, but maybe he’s gonna be fine. … We’re prepared for the worst, but we think we’re going to be very fortunate."

- Feb. 28: “It’s going to disappear. One day, it’s like a miracle, it will disappear.”

- Feb. 29: “We’re the number-one travel destination anywhere in the world, yet we have far fewer cases of the disease than even countries with much less travel or a much smaller population.”

- March 4: “Some people will have this at a very light level and won’t even go to a doctor or hospital, and they’ll get better. There are many people like that.”

- March 5: “With approximately 100,000 CoronaVirus cases worldwide, and 3,280 deaths, the United States, because of quick action on closing our borders, has, as of now, only 129 cases (40 Americans brought in) and 11 deaths.”

The list goes on [1].

Let's not delude ourselves. This isn't a few white lies, this is a pattern of denialism and ignoring the warnings and advice of public health professionals.

[1] https://www.washingtonpost.com/politics/2020/03/12/trump-cor...

[bootlooped]

I have taken a short position in the last couple weeks because I believe the market will go down, rather than up. I have given some thought to the effects of my actions, and I haven't yet been able to figure how anything I'm doing is harmful or unethical. Every transaction requires more than just my consent, somebody had to be on the other end of that deal thinking they were going to be the one making money, and they might be right.

[adrianN]

Wallstreet is not the economy. It's just bits in computers.