"More realistically, in late February Bernie Sanders looked like he might take the Democratic presidential nomination. Markets logically corrected at the time to price at least the possibility of a socialist in the White House. Notable is that they stopped correcting after Joe Biden won the South Carolina primary. In fact, the Monday after Biden’s Saturday win the Dow Jones Industrial Average had its biggest one day point gain in history. This happened after Trump officials who are said to never be right and to never be truthful allegedly told the truth to Hoover types. Get it? The big stock movements were politics related, not virus related.
"No doubt stocks did eventually correct in March. The virus did factor this time. With good reason. Investors hadn’t priced in the horrid possibility that politicians would respond to the coronavirus by forcing an economic contraction."
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