Here’s how ugly it’s gotten
Tom Hanks says he has the coronavirus. The NBA just suspended its entire season after one of its players tested preliminarily positive for the coronavirus. Donald Trump didn’t have any idea what he was babbling about during his Oval Office address tonight, and he’s already trying to walk it back. We don’t know how many people in the U.S. have this virus, or how many people will get it.
Lives matter a heck of a lot more than money, at least to most of us. But if you’re looking for an indicator of just how ugly this has gotten, I’ll point you to one number. If the Dow Jones drops by another few thousand points, it’ll be lower than it was the day Donald Trump took office.
We’ve spent three years listening to Donald Trump bragging about how great the stock market has been doing during his tenure – and now all of those gains are on the verge of being wiped out. Considering the Dow Futures are down more than a thousand points tonight, Trump’s presidency could be in negative stock market territory before the week is over.
Donald Trump thought that the last gasps of the roaring Obama economy were going to be his best hope of winning in November. Now the stock market, which most people use as a gauge of where the economy is headed, is in disaster mode.
