I posted this meme in the morning, when the DJIA fall was "only" 4.14%. It ended the day down 5.9%. That's on top of other plunges that have the market 20% down from where it was as recently as last month. Yikes.
https://finance.yahoo.com/news/stock-market-news-live-updates-march-11-2020-115430808.html
And analysts are predicting we haven't hit the bottom yet.
To be clear: I'm not rooting for America or our economy to fail. I want the stock market to do well, regardless of who is president: if nothing else, for my own 401(k)'s sake.
But please acknowledge reality. Don't be like the woman in this meme. This is not winning.
This Coronavirus panic which has gotten way out of hand, and the Russia-Saudi oil thing (which is ultimately aimed at our own domestic oil industry, I've read) surely play a role. That said: if Trump was responsible for the stock market rise, as we've been constantly told, then he's equally responsible for this crash.
Trump has repeatedly and publicly wrapped himself in stock market performance like no other president ever has. And that served him well, for some time: But it was always a very flimsy foundation upon which to build presidential success.
No takebacks now.