Did the 8 Largest Single-Day Stock Drops Occur Under Trump?

[mahatmakanejeeves]

Did the 8 Largest Single-Day Stock Drops Occur Under Trump?

As is often the case with statistics, which ones you choose to consider makes a significant difference.

DAVID MIKKELSON
PUBLISHED 28 FEBRUARY 2020

Claim

The eight largest single-day drops in the Dow Jones Industrial Average have occurred under the administration of U.S. President Donald Trump.

Rating Mixture

What's True

The eight largest single-day net drops in the Dow Jones Industrial Average have indeed occurred under the administration of U.S. President Donald Trump.

What's False

None of the ten largest single-day percentage drops in the Dow has occurred under the administration of Trump.

{snip}

Biggest one-day percentage stock index losses

Date One-day % loss President
Oct. 19, 1987 22.6% Ronald Reagan
Oct. 28, 1929 12.8% Herbert Hoover
Oct. 29, 1929 11.7% Herbert Hoover
Nov. 6, 1929 9.9% Herbert Hoover
Dec. 18, 1899 8.7% William McKinley
Aug. 12, 1932 8.4% Herbert Hoover
March 14, 1907 8.3% Theodore Roosevelt
Oct. 26, 1987 8.0% Ronald Reagan
Oct. 15, 2008 7.9% George W. Bush
July 21, 1933 7.8% Franklin D. Roosevelt

(Sources: The Wall Street Journal’s Market Data and Yahoo! Finance’s downloadable Dow Jones data)

{snip}

[Warpy]

1. In points, yes.In percentage, no.

1987 was particularly brutal. I was in Boston and never saw so many yuppies shuffling around in shock and slightly green around the gills before or since.

I told people then that a sudden drop like that with no obvious triggering event would likely rebound fairly quickly, and if they got the GOP out of office, it would do more than rebound. I was right no both accounts,

For once.

[progree]

2. K&R. The 9 largest percentage ones were under Republicans

and the 10th largest

July 21, 1933 7.8% Franklin D. Roosevelt

is an after-shock from the Republican Great Depression that FDR was cleaning up.

[Farmer-Rick]

3. RepubliCONS Reagan and Hoover are on the top of the worst drop pile

Why do RepubliCON get the false label they are good for business. Clearly they are really, really bad for business.

And there are idiots who still think Reagan was a "good" president.

It's their laze e fair attitude that ends up killing our economy.

[sandensea]

4. A lot of Baby Boomers will tell you: "I bought my first house in the Reagan years"

Well of course they did. They were all in their 30s at the time.