More Plunging

Ken AshfordEconomy & Jobs & Deficit, Trump & AdministrationLeave a Comment

The Dow closed down 799 points on Tuesday after it appeared that there really was no China trade deal like Trump said. Yesterday, the market was closed due to Bush 41’s funeral (in which it became all about Trump, because as everyone eulogized Bush 41, it was obvious that these were things nobody would say at Trump’s funeral.)

And do how about today?

That coincides with other bad economic news:

Let’s quote our president now: “Trade wars are good and easy to win”

UPDATE — it’s almost 9:50 am and stocks are rebounding a little. Still down 380 points. Dow is at 24674.90.  It started the year at 24824.01.

UPDATE #2 — Last hour rebound saves the day. Only down less than 79, but talk about volatility!