There goes the stock market again
With Donald Trump having already botched the U.S. coronavirus response so badly that it’s guaranteed to do severe harm to the economy, it doesn’t take much to spook investors these days. The stock market is down more than twenty percent off its high. Trump’s stupefying awful Oval Office address last night triggered an overnight selloff that’s now spun out of control.
Overnight stock market trading began plummeting the minute Donald Trump’s speech ended last night, and as of this morning it’s dropped so far that it had to be halted. The Dow Jones is now set to open down around 1200 points today, and there’s a real fear that it could quickly drop so much lower, it triggers a halt in daytime trading. This would be the second such daytime halt this week.
Last night Donald Trump sounded clueless, confused, and physically ill. Now investors are left feeling clueless and confused, and perhaps physically ill as well. We have a bad joke for a president, and it keeps finding new ways to cost us.
