re: #133 Dr. Matt

re: #129 ObserverArt

Losing a couple thousand points when the Dow is at 26,000 is MUCH different than when it is at 10,000.
— Bill Mitchell (@mitchellvii) February 5, 2018

Proving once again that the Trump Cultists will always find a way to defend Dear Leader.

Well, despite being a dishonest hack, troll and moron (in no particular order) Mitchell is actually correct: the Dow’s loss today* may be the one-day point-loss record, but the percentage drop (4.60%), while bad (especially after Friday’s drop), isn’t a record. But of course, as Mitchell’s Dear Leader has been mindlessly cheerleading every uptick in the markets as a personal endorsement of any and every policy of his Administration, it’s going to look bad for his Idol. Which is, as financial professionals like to phrase it: tough shit.

*The DJIA isn’t the greatest benchmark index, but unfortunately, the main (often only) one that gets cited in the news. A quick perusal of other stock indexes, however, shows a general drop of about 4% overall. Maybe not “Black Monday”, but definitely a dark gray…..