There goes everything
The Dow Jones opened down this morning by roughly two thousand points, representing such a terrible drop-off that the market was only open for five minutes before an automatic halt kicked in. After trading resumed, things didn’t get better until the Fed announced a stimulus plan. But even that rally was brief, and by the time the market closed, it had lost an astounding 2352 points.
Here’s something to give you an idea of just how bad today was, and just how ugly things have gotten. If the Dow Jones has another day tomorrow that’s as bad as the one it had today – or anything close to what it had today – it’ll fall below where it was the day Trump took office. It’s at 21,2000 now, and if it drops below 19,827, all of the Trump era gains will have been wiped out.
Donald Trump has spent three years bragging about how much the stock market has gone up during his tenure. He’s tried to take credit for it, instead of acknowledging that it was merely the last gasp of the roaring Obama economy, which Trump has been poking holes in all this time. But now it’s about to be all gone.
Trump is so inherently unpopular, he never could get his approval rating much over forty percent, even with a growing economy and climbing stock market. Now the people who never much liked him, but figured he must have been doing something right with the economy, are about to see that it’s been smoke and mirrors with Trump the entire time – and now everything is on fire.
