Ladewig
I lost an avatar bet.
- Joined
- Dec 4, 2001
- Messages
- 28,828
You would think that they would be smart enough to recognize the problems with the economy caused by an uncontrolled virus... but markets have also gone up when Trump first took over, and although he did cut taxes and regulations, those would have provided at best a temporary boost (and made later recessions much worse).
If stock traders were smart, they would recognize how inept Trump was the moment he won the election, and the markets would have started to drop right away.
I don’t understand your reasoning. Why should the markets have immediately gone down? They knew he was inept, but an inept president doesn’t necessarily mean the market should go down. The stock market rewards short-term thinking and President Trump does nothing but that.