Monday, February 5, 2018

Take on the market collapse

Trump should thank his lucky stars that the State of the Union was last week and not this week. Since with the marker in a tailspin and more than a trillion of the 8 trillion dollar disappeared in 8 days with today being the worse single point loss in Wall Streets long history. It's obviously a weird number to quote since the total market is now 25,000 so a 1175 loss is statistically smaller than it would have been on a market cap of 10,000 or whatever. But Trump has embraced WallStreet and never given his predecessor an ounce of credit for it but I have to bet that Obama will be getting the blame for old Donnie when he wakes up tomorrow

I'm afraid to look at my 401k today and that was the only good thing this president had going for him.

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