With Trump trying get one trillion to stimulate the business side drop and the Democrats trying to add money for individuals…
Investor’s are shaky because people are being told NOT be around OTHER people…
Trump will be doing another briefing ….
….
The stock market’s latest dip Wednesday did more than wipe out billions of dollars in investor equity. It also obliterated President Donald Trump’s favorite measure of his economic success.
The Dow Jones Industrial Average’s decline below 20,000 completely erased all of the iconic index’s previous gains since Trump’s inauguration, jeopardizing a key talking point for his reelection campaign. The S&P 500 fell by more than 7 percent, triggering a marketwide trading halt.
Since his 2016 victory, Trump has tweeted dozens of times about the record stock gains under his watch, posting as recently as Feb. 19 that it was the “Highest Stock Market In History, By Far!” He has repeatedly suggested that Americans check their 401(k)s to tote up their gains, and argued that the markets would have crashed had Hillary Clinton defeated him.
Now the upheaval sparked by the coronavirus pandemic, coupled with plunging oil prices and fears that shares were already inflated, has panicked investors, sending the Dow below the 19,827 where it stood on Jan. 20, 2017, the day Trump was inaugurated. Trump, for his part, always uses the election as the starting point, noting that the market surged the morning after the results were in. The Dow closed at 18,332, on Nov. 8, 2016, Election Day.
Trump’s top economic aides have also eagerly made the connection between the health of the stock market and the success of his presidency….
Dow down, down, down in a burnin’ ring of fire …
19,411.11
▼ 487.81 (2.45%)
March 19, 9:37 AM EDT
19,411.11
29,551.42 on February 12, 2020 (year’s high)
▼ -10,140.31 (-34.31%)
I fell into a burnin’ ring of fire
I went down, down, down
And the flames went higher
And it burns, burns, burns
The ring of fire, the ring of fire
19,259.40
▼ 639.52 (3.21%)
March 19, 9:45 AM EDT