February 12, 2020

[Shermann]

I predict this date will have been the high water mark of the Trump economy.

DJIA: 29,551

I believe in America. I invest in America. That said, the Dow won't reach this limit again during Trump's single-term presidency.

The US economy is set to retract by 6% this year, and that is probably optimistic. We are besieged by unrealistic optimism right now. Dreams of a v-shaped recovery will soon be dashed.

Given how tightly Trump has tied his presidency to the success of the economy, this date will be recorded as the high water mark of that flash flood as well.

[PlanetBev]

1. Trump's entire reason for existing is money.

It’s not the having with these guys, it’s the getting. It’s an insatiable hunger.

It would be sweet to see Trump destroyed by the very thing he’s devoted his miserable excuse for a life to.

[Shermann]

2. Trump waxes nostalgic about February 12 a lot it seems

We've been hearing a lot about how the economy was just roaring along back then. Of course in the context of a Pandemic Task Force Briefing, it's a bit irrelevant.

In fact, it actually leads him to a fallacy called an Appeal to Consequences. Basically his model of a rosy v-shaped recovery which rolls back the calendar to February 12 right away MUST be right because the outcome is so much better than those "other" models.

[Shermann]

3. It came within 500 points but my prediction is holding for the time being nt