03-16-2020, 03:49 PM
One of the Lichtman keys, #5 (economy not in recession, stagflation, or hyperinflation) may be turning against Trump.
The DJIA closed nearly 3000 points down in the absolute largest one-day drop and the second-highest percentage drop ever. Of the six largest drops by percentage, five are in 1929 or 2020. The other is the largest percentage drop was the odd drop of 50 points (over 22%) on 19 October 1987 which was reversed rather quickly because there was no underlying cause for a recession.This time (as in 1929)... there is one.
The worst three one-day declines by percentage in 2008 were #11, #15, and #16.
Maybe the Great and Unqualified Genius can solve all our problems for us
The DJIA closed nearly 3000 points down in the absolute largest one-day drop and the second-highest percentage drop ever. Of the six largest drops by percentage, five are in 1929 or 2020. The other is the largest percentage drop was the odd drop of 50 points (over 22%) on 19 October 1987 which was reversed rather quickly because there was no underlying cause for a recession.This time (as in 1929)... there is one.
The worst three one-day declines by percentage in 2008 were #11, #15, and #16.
Maybe the Great and Unqualified Genius can solve all our problems for us
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.