The stock market initially soared after Trump's 2016 win. Investors bet on the unorthodox president to slash regulations, boost the US manufacturing industry, and push economically beneficial foreign policy. The administration's 2017 tax cuts further fueled the bull market's run-up by cutting corporate taxes and opening the door to massive stock buyback programs.
The rapid escalation of the coronavirus, coupled with a new oil-market conflict between Russia and Saudi Arabia, swiftly negated the years of gains. Oil saw its worst day since 1991 on Monday when the global commodity battle drove a 32% price drop. The decline dragged on stocks enough for the market to post its worst single-day plunge since 2008.
Even after the Fed's trillion-dollar liquidity injection lifted risk assets Thursday afternoon, stocks are on pace to close down nearly 9%. The market has never seen such . With government responses failing to bring investors much hope, the trend of heightened volatility and rotation into safe havens is holding strong.
NickJFuentes Now just imagine how far in the red we'd be on top of a 4 year money burning binge if we didn't have Trump.
NickJFuentes China's fault
How do you figure?
Yes it's too bad that crazy Chinese and their Democratic allies started all this mess. That's okay we will rebound stronger than ever. F*** the left
I never thought I’d see the day when so called Americans would celebrate a tanking economy and a very scary worldwide pandemic all because of their hate for Trump. Seriously, you guys are mental cases.
Just imagine how low we can get it if we elect Joe dementia Biden!
If all the billions of dollars that are being lost due to Covid 19, were spent on healthcare, education and eradication of poverty we would have been better equipped to deal with the pandemic. We must rethink our future and learn a lesson from what is happening.
What an opportunity
But since most of the gains were due to Obama's economy anyway, Trump did not lose anything he created. Right?
Olestoepoke
NickJFuentes it only took a global crisis crippling every nation in the world, but you know this is just trumps doing right?
trumpwinning
Coronacession incoming
but muh black and Latino unemployment rate
NickJFuentes Yet another contribution of globalism and mass legal immigration Was the cheap labor worth it? No. It never is. What the hell has mass immigration ever done for the United States besides spike housing costs and suppress wages/salaries for decades?
does that make trump the biggest loser EVER
NickJFuentes Nice
Gone. Yet Traitor Trump is still in office. Justice long overdue..
realDonaldTrump
NickJFuentes You were saying? The increase since his election day is greater still. You're welcome.
Every shitlib rejoicing at financial collapse to own Drumpf. Who’s still going to win re-election
NationalistTV This is very much false and it’s not even close
NickJFuentes AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Coronavirus that started in China is trumps fault
NickJFuentes It was a fake economy since 08 anyways. This was going to happen no matter what. Corona just pops the everything bubble. No one wanted to bite the bullet in 08 and reset.
NickJFuentes Commie capitalists. Who knew?
So Trump gained the economy $11.5 trillion worth of value during that time and his only setback is a pandemic he could not have prepared for?
NickJFuentes So Dow about 16000 to about 21000 is 'wiped out'. Does MaraGay do your arithmetic?
akizabrani Thoughts Aleksa?
NickJFuentes And in a short few months it will be back to where it was or real close. Very soon people will be buying their asses off.
NickJFuentes But what about EricTrump's 401s, whatever they are? He promised?
Market cap is not value
CEOErickHayden L M A O
That’s factually incorrect.
Not unexpected with a stupid president. It’s not like he knows what he’s doing.
Fk me the Chinese are good. Fair play.
This is bullshit. Anybody can go onto Yahoo finance and check.
Damn...
I love it.
This is all Obama’s fault. Obama comes from the Greek word Opa which is used when Greeks get drunk, dance and break plates. When the stock market came crashing down, it is an Obama. There you go.
This is sad and disturbing
emgeasy U happy about that hence sharing it? Must be trumps fault like the virus.
Dems celebrating...pathetic
CoastalCndn His worse nightmare
dstrong626
So reset back to default setting eh?
lauferlaw the TrumpBump PumpAndDump
GuRu_GaNgStEr tough times bro
The market is getting rid of the Trump legacy ahead of time.
paschutz Now we get to really see what their value, if any, trully is!
paschutz Because the Trump pump was as fake as he is.
GeromanAT This is the purge
U could see it in his face when he made the travel ban announcement , he is sad.
lauferlaw EVERYTHING sh*t stain touches.... DIES. EVERY FU*KIN’ THING!!
meatballsandwi4 Winning.
Trump 2016: Vote for me. I'll be better than the alternative. What have you got to lose? Now we know.
Unemployment numbers next
SpiroAgnewGhost Cue the Price is Right loser flourish.
lauferlaw Why call it a victory? More like a fking disaster
lauferlaw .TrumpResignNow WorstPresidentInHistory WorstPresidentEver ImpeachedForLife.
SpiroAgnewGhost No No NO it hasn't! 'Wiped out' anything - You mean ... A few very rich people have got 11.5 trillion dollars from the Fed that has been laundered through the US stock market and will be reimbursed to the fed over the next 20 yrs by the US tax payer! TELL THE TRUTH!
SpiroAgnewGhost ThanksTrump TrumpCrash2020
Donald's about to go through some things I'd bet.
SpiroAgnewGhost So much winning!
Eventually, and always, ETTD.
SpiroAgnewGhost 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
lauferlaw Thanks, Obama.
lauferlaw Despite billions of BS tax cuts to the corporate 1%
lauferlaw Thanks gop & realDonaldTrump couldn't have done it without ye! Oh...AND people are going to die. So a twofer!
Thanks, Obama.
China: Mission accomplished.
lauferlaw 3/12/20 futures
Some People go through their entire lives doing all kinds of evil things to others , use people and then discard them like garbage.. TheTeflonDonTheCon, who remembers the “I can shoot someone on 5th ave and not get arrested,
Ffs man
Does realDonaldTrump use this to bash China and get re-elected once again?
tadrow He is now doing what he does best, Bankruptcy. I tried to read his new book. But every page I turned went back to Chapter 11.
WOW
EricTrump soooooo that stock advice?
Somehow he will find a way to blame all this on Obama....
Now clear Trump out of the presidency and we can start fresh.
MAGA
back to square 1 cuz insecure ignorant white people voted stupidly.
Oh noo
So now Trump has absolutely nothing to run on !
and it only cost us $3.5 trillion in deficits! thanks realDonaldTrump . Surely the 'but my 401K' crowd is having second thoughts and Trump will be shifting focus soon from his campaign to his legal defense fund.
Time to buy!
Wow crazy.... Some shit going on at d background trust me
Agora é q a bolha explode..
🧐
There is a God ... That’s The dream Trump Sold You! 🤣
Timing is perfect.
Wait, what? The Dow was at 17,000 when trump was elected, it closed at 21,200. You do know 21,200 is approx 25% more than 17,000 don’t you? I guess not in trump derangement world.
He is jinxed 🐉
Terrible stuff.
poetic justice really
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooNews - 🏆 380. / 59 Read more »
Source: NPR - 🏆 96. / 63 Read more »