I don’t know, but if I had to guess, it really would have helped the stock market if Donald Trump had responded appropriately to the coronavirus epidemic/pandemic rather than minimizing it and fretting about how it was affecting the stock market. As it stands, the market came rather near to bear market territory, and the writing on the wall seems to be that those poor beleaguered capitalists will soon be in a bear market.
Paul Vigna, Avantika Chilkoti, and David Winning, “Stocks Fall More Than 7% in Dow’s Worst Day Since 2008,” Wall Street Journal, March 9, 2020, https://www.wsj.com/articles/asian-stock-markets-in-early-monday-sell-off-after-saudi-arabias-decision-to-cut-most-of-its-oil-prices-11583713399
- Dana Milbank, “For Trump, a reckoning has come,” Washington Post, February 28, 2020, https://www.washingtonpost.com/opinions/2020/02/28/trump-reckoning-has-come/; Ashley Parker, Yasmeen Abutaleb, and Lena H. Sun, “Squandered time: How the Trump administration lost control of the coronavirus crisis,” Washington Post, March 7, 2020, https://www.washingtonpost.com/politics/trump-coronavirus-response-squandered-time/2020/03/07/5c47d3d0-5fcb-11ea-9055-5fa12981bbbf_story.html; Paul Waldman, “How coronavirus has deeply flummoxed conservative media,” Washington Post, February 28, 2020, https://www.washingtonpost.com/opinions/2020/02/28/how-coronavirus-has-deeply-flummuxed-conservative-media/↩
- Paul Vigna, Avantika Chilkoti, and David Winning, “Stocks Fall More Than 7% in Dow’s Worst Day Since 2008,” Wall Street Journal, March 9, 2020, https://www.wsj.com/articles/asian-stock-markets-in-early-monday-sell-off-after-saudi-arabias-decision-to-cut-most-of-its-oil-prices-11583713399↩