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DJIA dropping 1,190.95 pts isn't the president's fault

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  • DJIA dropping 1,190.95 pts isn't the president's fault

    Right DaCat?

  • #2
    Dow falls 1,191 points -- the most in history

    let that sink in

    Comment


    • #3
      The DJIA isn't a good economic indicator.

      Comment


      • #4
        It was bound to happen eventually. It has very little to do with who occupies the White House.

        Originally posted by Nash View Post
        The DJIA isn't a good economic indicator.
        Also this.

        Comment


        • #5
          Originally posted by Spartan View Post
          It was bound to happen eventually. It has very little to do with who occupies the White House.



          Also this.
          Trump couldn’t help but hitch his wagon to the DJIA though, and now he might lose because of it.

          Comment


          • #6
            Originally posted by tOSUfanboi2 View Post

            Trump couldn’t help but hitch his wagon to the DJIA though, and now he might lose because of it.
            He did blame Democratic debates on Tuesday to the drop on Monday (time travel) - so clearly he puts a lot of importance on the DJIA

            Comment


            • #7
              Originally posted by sctrojan View Post
              Right DaCat?
              It's my fault. I dumped too many stocks the past few days.

              Comment


              • #8
                Originally posted by daCat View Post

                It's my fault. I dumped too many stocks the past few days.

                Next time you do that let the rest of us know!

                Comment


                • #9
                  Originally posted by tOSUfanboi2 View Post

                  Trump couldn’t help but hitch his wagon to the DJIA though, and now he might lose because of it.
                  As long as there isn't a massive spike in unemployment, the Dow isn't going to determine anything about this election.

                  Comment


                  • #10
                    Originally posted by Nash View Post

                    As long as there isn't a massive spike in unemployment, the Dow isn't going to determine anything about this election.
                    Has the DJIA ever tanked and there hasn’t been a spike in unemployment? Don’t get me wrong, I’m generally optimistic, but this has all the markers of a massive correction. Glad I’ve got plenty of cash socked away.

                    Comment


                    • #11
                      Originally posted by tOSUfanboi2 View Post

                      Has the DJIA ever tanked and there hasn’t been a spike in unemployment? Don’t get me wrong, I’m generally optimistic, but this has all the markers of a massive correction. Glad I’ve got plenty of cash socked away.
                      If trade with China comes to a grinding halt because parts from China can't ship - you bet there are going to be layoffs.

                      Comment


                      • #12
                        Originally posted by tOSUfanboi2 View Post

                        Has the DJIA ever tanked and there hasn’t been a spike in unemployment? Don’t get me wrong, I’m generally optimistic, but this has all the markers of a massive correction. Glad I’ve got plenty of cash socked away.

                        It’s a correction being made because of a disease that killed less than 3,000 people. I’d say it’s a tanking based off Wall Street bros overreacting along with stocks being overbought.

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                        • #13
                          Originally posted by Nash View Post

                          As long as there isn't a massive spike in unemployment, the Dow isn't going to determine anything about this election.
                          A lot of people looking at their 401k and noticing all of the red matters more than you think.

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                          • #14
                            -690 right now

                            kek

                            Comment


                            • #15
                              Also, the president typically doesn't guide the economy beyond some minor policy and regulatory changes. They can be a cheerleader too, which Trump admittedly does well.

                              However, this tanking right now is primarily because investors see a potential global pandemic and a complete moron in the White House and know it's likely to get worse before it starts to get better.

                              Comment

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