All four major stock market bloodbaths occurred under Republican presidents

[ffr]

This is what conservatives bring with their lies and deceit.

1929 - Herbert Hoover (Republican)
1987 - Ronald Reagan (Republican)
2008 - George W. Bush (Republican)
2018 - Donald J. Trump (Republican)

Please do us a favor if you are a republican. Stop voting. Your policies are ruinous to our country's well being.

[bearsfootball516]

1. This isn't exactly a bloodbath yet.

We'll have to see if it continues. The market was skyrocking at such a pace that it wasn't possible for it to continue.

[fleur-de-lisa]

3. Yep. So far it's just the TRUMP SLUMP.

If the stock market tanks, it becomes the 2018 TRUMP DUMP.

[LisaM]

16. That's a good catchphrase.

I hope politicians pick up on it.

[former9thward]

21. No, its not even a slump.

In fact it is not even a correction (which has been needed for quite some time). We will see how it proceeds.

[BigmanPigman]

2. Yep, and the Dems always go in, clean up the mess

that the GOP created and we get no credit or even a "thank you". We need a better PR campaign. Dems don't take advantage of golden opportunities to promote themselves.

[ffr]

4. This.

We're their maids.

[DBoon]

6. and you know how much respect Republicans have for cleaning staff

See Stephan Miller's high school tirade on janitors

[residentcynic]

7. Yes, Dems clean up the mess

Republicans take a dump on the floor and then whine about how much Democrats have to spend on disinfectant.

[sheshe2]

26. True, residentcynic.

Welcome to DU.

[barbtries]

5. they are incapable of learning from history.

democrats have ALWAYS been much better stewards of the economy than republicans.

[kchamberlin25]

8. It's not a Trump Dump

Until he sends out a tweet LOL!

[hatrack]

9. Oh, and 1973-1974 - Richard Nixon/Gerald Ford (Republicans)

.

[progree]

29. Yup, I was going to add that -- S&P 500 down 48 or 49% peak to trough, about same as dotcom crash

[trof]

10. Oh when will they ever learn? Oh when will they ever learn?

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[world wide wally]

11. And your candidates are ugly too

[lastlib]

12. And don't forget the post-9/11 crash under GWB/Cheney!

The day of the World Trade Center/Pentagon attacks, the NYSE and NASDAQ exchanges shut down trading for a week. When trading resumed, the DJIA dropped 684 points (7.1%), it's largest one-day decline in history up to that time. In the week immediately following the shutdown, The DJIA fell 14%, and the S&P500 lost nearly 12%. All told, an estimated $1.4 trillion in value evaporated.

[bucolic_frolic]

13. It wasn't a crash but '69-75 was no picnic either

[paulkienitz]

14. notice that they're getting closer together

as we deregulate.

[Hamlette]

15. Remember, even with today's losses, the market is up for the year.

the silver lining is that, with luck, Trump will have to stop bragging about the market and that is all he has had.

I personally think that is a bubble, like the tech stock bubble which took a long time to recover from. It isn't a depression but it could be a temporary correction.

[A HERETIC I AM]

19. Actually, no it's not.

Close on Jan 2 was 24,786, so it's a little more than 400 points below that. The last time it closed lower than this was December 8

[Hamlette]

25. You're right

I was looking at my account and what the talking heads were saying. I should have looked it up.

[gibraltar72]

17. What year?

[cutroot]

18. This is what they want

Now that they are flush with the cash that they have stolen with their tax cuts, they need some bargain basement stock prices to shore up their control of the economy.

[dlk]

20. Historically, The Stock Market Does Better When a Democrat is in the White House

[FuzzyRabbit]

22. Very true.

In October 1994, a couple weeks before the presidential election it became very clear that Democrat Bill Clinton was going to win. That week the stock market started climbing. I expressed surprise to a broker I knew, and he showed me a chart, going back to the 1920s, that showed that the stock market always was healthier with a Democratic administration.

[gopiscrap]

23. Yup. repubs are bad for the economy and always start depressions

[Cha]

24. KICK .. and the fuckers never

LEARN

[SWBTATTReg]

27. This is a consumer-driven economy...when people get nervous, and the money is not coming in as

fast as consumers need, consumers tend to hold onto their money longer for regular items and put off spending on extraneous items.

Consumers also didn't really benefit from the 2018 tax cuts that were just passed (a very tiny bit), expenses keep going up (a lot more than they should be), wages are remaining stagnant for the most part, what else do people expect? Corporations and big earners did, but they are retaining any savings and are not spending it either.

[IronLionZion]

28. They're such job creators that they brought us the Great Depression

the early 90's recession, and the great recession of 2008. Stuff that helps wealthy winners buy low while stupid losers lose their retirement savings, jobs, and health insurance.

And what have Dems brought us? Social Security, Medicare, ACA, investments in science and technology and education, jobs, etc. Stuff for weak effeminate losers.

It amazes me that people still believe Republicans are good for the economy.