They keep posting a quote from Trump when he said a president should be fired if the stock market drops a thousand points. DOW was under 13k then, and still a bit overvalued.
Well, if we're going to do a comparison, 1,000 from 13,000 is a little less than 8%.
So, comparably, if the stock market falls more than 8% since Trump took office this term, then that would be the same as wanting to get rid of the President if there was a 1,000 point loss from 13,000.
The DOW was almost 45,000 when Trump took office this year. It's currently at about 38,000.
Please re-check my math, but I'm calculating that to be almost a 15% loss.
And it's supposed to be so much worse today. 😕
So, you know, maybe that's not the best argument to be making to people right now. Especially if they can do math. 😕
(Just pointing this out if you're trying to use this reasoning on normies.)
They keep posting a quote from Trump when he said a president should be fired if the stock market drops a thousand points. DOW was under 13k then, and still a bit overvalued.
Well, if we're going to do a comparison, 1,000 from 13,000 is a little less than 8%.
So, comparably, if the stock market falls more than 8% since Trump took office this term, then that would be the same as wanting to get rid of the President if there was a 1,000 point loss from 13,000.
The DOW was almost 45,000 when Trump took office this year. It's currently at about 38,000.
Please re-check my math, but I'm calculating that to be almost a 15% loss.
And it's supposed to be so much worse today. 😕
So, you know, maybe that's not the best argument to be making to people right now. Especially if they can do math. 😕
(Just pointing this out if you're trying to use this reasoning on normies.)