The last shoe to fall in Trump's maladministration

[jpljr77]

5. Fortunately, we've already had a correction this year, so it's bound not to happen.

In fact, the entire market has -- more or less -- been in a corrected plateau since February.

On Jan. 23, the Dow Jones Industrial Average peaked at 26,166. Two weeks later, it closed at 24,190, a 9.1% decline in just eight trading days. While that falls slightly short of a textbook correction, the behavior of the market since has certainly signaled that it was a correction.

Ups and downs for the past six months, including hitting a fresh low in March, but generally up, with it currently in the area of 25,800. Still not quite back to the peak. Part of that, yes, is the tariffs effect. Traders really, really, really don't like trade uncertainty. But a larger part is the cycle. The exuberance over the tax cuts was a bit irrational, let's say.

There will be a larger correction at some point in the near future. That is certain. And it could be driven by this trade war if it grows (which it certainly is doing right now) or persists for for too long. If it goes on too long, companies are going to be making decisions that can't really be undone and it will be a permanent, or long term, input on the economy.

But no one is that stupid, right? He'll come to senses soon, correct?