For the record, what I am about to say is in NO WAY a defense of Trumpy and his complete lack of financial acumen.
I was a stock broker from September, 2006 to July of '09 which pretty much encompassed the worst months of the Great Recession. The market peaked about a year after I got my Series 7 and bottomed out about 6 weeks after Obama said "So Help Me God" on the west side of the Capital.
There were many, many days of wild selloffs and massive swings in the market, one day where it fell over 1000 points at the open but by the closing bell had finished up 100 points, so there was in excess of a 2100 point swing in the 6 and a half hours of trading. I had a trading platform on my desktop covering two screens that would show trade settlements and second by second valuations of any exchange and any security you had a CUSIP for. I recall numerous days where the final valuation for the DJIA was not completely settled until 4:45 PM, three quarters of an hour after the closing bell because the volume was so unbelievably high.
I remember one specific day where I got a notification that pre-market trading was suspended because the market was "limit down", meaning the trading volume was so high and the futures were in such a selloff that the New York Stock Exchange basically told everyone to knock it off. I worked with my older brother, a veteran of over 25 years in the business at that point who had been on a floor when the 1987 panic happened. When he came in the office about 9 AM I asked him if he had heard what was going on. He said "No, what?"
"The market is limit down" I said.
"Holy shit" was all he said as he walked to his office.
Nothing anywhere close to that happened during Trumpy's administration and today will be a minor blip in the stock markets long upward climb.
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