Dow wipes out all the gains since Trump’s election

Dow wipes out all the gains since Trump’s election

US stocks traced global markets into another day of declines on Mon, March 23, with the Dow below the level where it closed on Nov. 8, 2016, the day President Trump won the 2016 election. The DJIA has lost 40% over the last month. The fall assumes importance since Trump has touted the rise in the index as an indicator of his admin’s success.

Timothy
Timothy
Flibbity Dubbity
Flibbity Dubbity 1 months

Screw the market. It's rise has been all smoke and mirrors. Led by the 2008 corporate socialism package, the Fed's ZIRP for nearly a decade and now the GOP's massive corporate tax cut. Instead of job creation corporations have been engaged in stock buybacks thereby artificially inflating equities with no real profit gains to substantiate the bull market run. Now the bubble is bursting and the Wall Street power brokers want even more corporate socialism. Trump is now openly talking of our Federal government taking active shares of corporations in order to publicly fund them! Kick people off of welfare in order to put corporations on it! Unbelievable.

npc8472
npc8472 1 months

Well this sux. If they don't do something to burn the rate this bug is spreading we are going to be in for a world of hurt.

Seekster
Seekster 1 months

This is very bad but hopefully things recover quickly after the lockdown ends.

Lev
Lev 1 months

Ladies and gentlemen I just figured out I can see the future .... after Trump loses the 2020 re-election bid he's going to blame the Wuhanshi virus for his loss... And RUSSIA TODAY will be broadcasting yet another conspiracy hand job, making it clear that they have in no uncertain terms figured out that it was the DNC who coerced the communist China to release the virus to undermine Trump. After which the MAGA MUPPETS will scream bloody murder and COLLUSION COLLUSION COLLUSION collusion illusion... NOT TO MENTION THE "GAY FROG" AKA ALEX JONES will need to wipe down the lenses of his cameras as he will be even more irate with spit flying out of his mouth as he will be calling for a revolution... And begging Trump not to leave office...

Tachyon
Tachyon 1 months

Now's the time to buy like a mofo if you've got the money.

Critical Clown
Critical Clown 1 months

This downturn is due to covid 19 and has nothing to do with Trump’s economic policy. I saw this coming from a mile away. The liberal MSM was inciting as much fear as possible so they could crash the economy and say look, the Trump economy isn’t that good!

pastorious
pastorious 1 months

Friday the 13th. Satanist and communist holiday. We don't give a shit and will vote trump and fight you tooth and nail until your hold has slipped through your fingers. You will never win. Everyone knows you are trying to enslave us and is wrong. Goodness is on our side. The truth is on our side. The Light is on our side.

Cerberus Rex
Cerberus Rex 1 months

Thanks to stock BuyBacks and corporate welfare Queens asking America for a handout they need to pick themselves up by the bootstraps and stop being so lazy. When capitalism falls they ask for socialism

eddy yetty
eddy yetty 1 months

No country will leave the pandemic the same as when they were hit.

Carol
Carol 1 months

That's bc those corporations spent their money on stock buybacks; you guys were bailed out by Obama...not this time bc we no longer have a middle-class! You've robbed our children of a prosperous future already.

Jesse Morgan
Jesse Morgan 1 months

Yeah but it'll be back eventually. They were kicking ass before and the world is kinda on pause right now..

KOAN.
KOAN. 1 months

At least, once it’s stabilised and growing again no one can call it the Obama economy

Property
Property 1 months

This is such bad timing for 2020, trump is sweating I bet. I would be

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