General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe entire Trump stock rally is gone
https://www.cnn.com/2020/03/18/investing/stocks-erase-trump-gains/index.htmlNew York (CNN Business)The Trump stock rally, which at its peak only last month seemed unending, has evaporated.
The S&P 500 (SPX), the broadest measure of the US stock market, dropped below 2,264 points on Monday, falling past its closing level on January 19, 2017, the day before President Donald Trump took his oath of office.
Stocks finished in the red across the board on Monday, after the Senate failed to agree on the multi-trillion economic relief package put forward by the administration.
doc03
(35,325 posts)ralley. That is his goal to undue everything Obama did.
Aquaria
(1,076 posts)We're below that now. And falling.
The market has lost 10,959.49 since 12 February. 27 trading days (of 40 total days), 37% of the market--gone.
Like doc03 said, we're not far from the empty tank that Obama inherited. If we can lose 10,959.49 in 27 trading days, then it'll be nothing to shed 10,642.84. At the rate we lost 10959.49, we could dive down to the 7949.09 that was the lowest market value under Obama, in around 27 more days (actually 26 and a few hours, but I'm being nice).
27 trading days from now is 29 April.
Well, might as well have some fun with the disaster that I think is coming:
The pool starts now on when we hit 7949. Place your bets here!
I'll be generous and take 8 May.
aka-chmeee
(1,132 posts)doesn't mean it is so. He claims every advance on any stage as his own.
Wounded Bear
(58,647 posts)We all know that it was really just a continuation of the Obama economy, with a huge tax break to pump up the bubble.
Johnny2X2X
(19,038 posts)January 1st 2018, thats the day his tax rates, and all other policies went into effect.