Largest 2-day market drop since...uh, 2020

Friday 4 April 2025 15:31 CDT   David Braverman
BusinessEconomicsGeneralHistoryPoliticsTrumpUS PoliticsWorld Politics

The OAFPOTUS's handling of the economy showed real results this week. It wasn't fair of me to put the mid-day YTD numbers from the two major American indices up this morning; I should have waited to market close.

So how'd we do?

S&P 500: 5,074.08, down 5.97% today, 10.5% since Wednesday, and 13.54% YTD
DJIA: 38,314.86, down 5.5% today and 9.62% YTD

How about other indices?

FTSE 100: down 4.95% today, 6.97% this week, but only 2.48% YTD (because Europe thought they were safe from this man's malignant stupidity)
Nikkei 225: down 2.75% today, 14.06% YTD
Nasdaq Composite: down 5.82% today, 19.15% YTD
Tesla: down 10.42% today, 36.87% YTD.

Wow, I can't wait to look at my next 401(k) statement!

This was the worst week in equity markets since June 2020. Now, remind me, who was president then? When we finally get through this era, I hope that the twin myths of Republican national security seriousness and Republican economic policy success are dead forever.

Others have commented

Yak

Friday 4 April 2025 22:39 CDT

I just posted this on Chuck Schumer's official Senate site, for all the good it will do: "Supposedly you said this in a press conference: 'Yesterday, the president made one of the dumbest decisions in history, one that will negatively impact every single American family, every single one. ... He’s walking us into the dumbest and most avoidable recession, probably in history.' If you said that, WHY AREN'T YOU DOING ANYTHING ABOUT IT? Just talk? Selling out the country because you're too cowardly to stand up to Trump, Republicans, whatever? We need you and Gillibrand to represent NY, not your own self-interests. Go on the attack! Stand up for us; we voted for you! Join the House and bury this clown in the Oval Office. GROW A G-D SPINE, CHUCK!

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