General Discussion
In reply to the discussion: DOW crashing, down over 300 points [View all]spooky3
(38,849 posts)So in the > 2.5 years since the Nov. 2016 election, we should expect at least 20%. Given that Trump benefited from the Obama economy his first year, and the tax law changes artificially (and temporarily, in many macroeconomists' estimation) juiced stock prices due to deficit spending and stock buybacks, changes since the election are not impressive. But maybe more importantly, the reasons for this recent dive (if you don't like the term "crash" ) clearly stem from Trump's irresponsible actions AND we have every reason to believe that these will continue. This is why those who are saying, "look beyond a one day drop", see this dive as troubling -- just as many viewed the fall of 2018, which more than wiped out the gains from earlier in the year.