Dow Jones Is Crashing

CNBC: This has been the largest intra-day point drop for the Dow in history. pic.twitter.com/JF50Q9bOLA

— Keith Boykin (@keithboykin) February 5, 2018

Occidental Dissent has never celebrated the surge in the stock market.

We never thought it was real, sustainable or was having much of an impact on the lives of the White working class and middle class. Fewer White Americans own stocks than was the case in 2007 and this bull run is overwhelmingly benefiting only a wealthy minority.

The stock market and US dollar are both plunging today. Welcome to @BarackObama’s second term.

— Donald J. Trump (@realDonaldTrump) November 7, 2012

Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism – even before tax plan rollout!

— Donald J. Trump (@realDonaldTrump) February 16, 2017

Stock Market hit another all-time high yesterday – despite the Russian hoax story! Also, jobs numbers are starting to look very good!

— Donald J. Trump (@realDonaldTrump) July 15, 2017

U.S. Stock Market up almost 20% since Election!

— Donald J. Trump (@realDonaldTrump) July 29, 2017

Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase. Lowest unemployment in 16 years and..

— Donald J. Trump (@realDonaldTrump) October 11, 2017

Stock Market just hit another record high! Jobs looking very good.

— Donald J. Trump (@realDonaldTrump) October 24, 2017

Stock Market just hit another record high! Jobs looking very good.

— Donald J. Trump (@realDonaldTrump) October 24, 2017

Stock Market hits new Record High. Confidence and enthusiasm abound. More great numbers coming out!

— Donald J. Trump (@realDonaldTrump) November 30, 2017

President Trump has been all over the map on the stock market.

When Barack Obama was president, it was his fault when the stock market declined. During the campaign, Trump’s position was that the stock market was in a big, fat ugly bubble. In recent months, he has been taking credit for the rise in the market with manic tweets as it has hit one record high after another. It was never wise of Trump to tie his presidency to the gyrations of the world’s largest casino.

I won’t pretend that I know what is going to come of this. It could be just a temporary dip or the implosion of a bubble. I’m certain though that it is politically unwise to be identified with Dow.