A lousy stock market could be a singlehanded game changer in Election 2020.
It's about 11 AM New York time. The Dow is down 353.77. This is the second day of decline. Here is the MarketWatch analysis.
If the downward trajectory continues that could be the end of the assumption that the incumbent president Donald Trump will win by a landslide.
The campaign can turn out to be a dog fight.
And he could lose. Meanwhile, this development in itself can motivate Democrats to do what it takes - including cooperation - to get back in the White House.
So, it's no surprise that the conservative Drudge Report isn't headlining with the troubles on the Dow.
Sure, it posts the angst about trade. But that's not really on point.
The point is that the Trump Administration, whose signature is a strong economy, is vulnerable.
If liberals had the analogue of the Drudge Report's flashing blue light, it would be aligning it next to all their current postings.
Much depends on what the Dow does this month and beyond. Of course, folks can buy on the dip. But still a lot of investors will lose a lot of money.
I sold my equities a few weeks ago. I anticipated this development. Trade issues are too fragile and too high stakes to play fast and loose.
UPDATE:
The Drudge Report added a third line to its multiple headline. It reads "Wall Street Waits." A little late, but finally there.
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