Biz Headlines: “Dow Drops More Than 1,100 in Biggest One-Session Point Decline on Record”
If President Trump sees fit to claim credit for the uptick in the economy and (especially) stock market since taking office, it stands to reason that he will take responsibility for any hiccup (or worse) in same.
Yeah, right.
My sentiment, at least for now: while the slide is scary, relative to the market’s 30% rise the last 15 months, it’s no big deal.
In fact, many analysts would call the recent pull-back healthy and overdue.
Given how much higher today’s stock prices are, to match the Dow Jones’ record 22.6% drop in October, 1987, the market today would have to fall over 5,500 points.
Now, that would be scary . . .
