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02-10-2018, 05:34 AM
Why you should stop laughing at Trump over a stock market correction
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Repeat after me: The Dow Jones Industrial Average is not the stock market. The stock market is not the economy. And nobody should be treating short-term shifts in any of the above as fodder for their political fights on Twitter.*
It was probably inevitable that Donald Trump would be ignorant of all this. After a month of tweeting (25 times) about a rising stock market that he falsely claimed the "fake news media" was ignoring, the president was silent during a multi-day sell-off that saw the Dow plummet from just over 26,000 on Thursday, Feb. 1, to just over 24,000 on Tuesday, Feb. 6 — the fastest drop, by percentage, in the index's history.* Read more... (https://mashable.com/2018/02/09/trump-stock-market/)
More about Donald Trump (https://mashable.com/category/donald-trump/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Stock Market (https://mashable.com/category/stock-market/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Dow Jones (https://mashable.com/category/dow-jones/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Culture (https://mashable.com/culture/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Politics (https://mashable.com/category/politics/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/EeQaMpi6RWI
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Repeat after me: The Dow Jones Industrial Average is not the stock market. The stock market is not the economy. And nobody should be treating short-term shifts in any of the above as fodder for their political fights on Twitter.*
It was probably inevitable that Donald Trump would be ignorant of all this. After a month of tweeting (25 times) about a rising stock market that he falsely claimed the "fake news media" was ignoring, the president was silent during a multi-day sell-off that saw the Dow plummet from just over 26,000 on Thursday, Feb. 1, to just over 24,000 on Tuesday, Feb. 6 — the fastest drop, by percentage, in the index's history.* Read more... (https://mashable.com/2018/02/09/trump-stock-market/)
More about Donald Trump (https://mashable.com/category/donald-trump/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Stock Market (https://mashable.com/category/stock-market/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Dow Jones (https://mashable.com/category/dow-jones/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Culture (https://mashable.com/culture/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Politics (https://mashable.com/category/politics/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/EeQaMpi6RWI