The Jury Talks Back

2/5/2018

Dow Plunges 1175 Points

Filed under: Uncategorized — Patterico @ 7:15 pm

It’s been worse percentage-wise, but it’s the biggest point drop in history.

And the futures are not looking bright:

Of course, the Dow is a phony bellwether, but this is real trouble. Of course, some of us had been warning for a while that we were in a bubble. Does that mean I sold everything before today’s crash? Nope. Bubbles are easy to see but hard to time.

And we could recover tomorrow. I doubt it, but you never know.

I think Trump will stop boasting about the stock market for a little while, at least.

2 Comments »

  1. I guess being rubio and tpaws sherpa entitles consent to some economic insight?

    Comment by narciso — 2/5/2018 @ 7:30 pm

  2. After one year, we still have ObamaCare, DACA is probably safe, and there is no wall in sight … but it seems we will have the HUGE SPENDING. This is Trump’s idea of being a Republican leader. It looks a lot like the Democrats.

    Comment by DRJ — 2/8/2018 @ 12:24 pm

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