Message from @Sophie
Discord ID: 681923303656521731
or not idk
@Sophie No shit
It's because of Coronavirus
> Stock markets typically go up when a president is elected
Hence why it soared after he won.
Yep
Loo
Yes, the stock market falling is trump’s fault
Heyo
How?
It's because of the Coronavirus.
Trump’s botched response
If he gets credit when it goes up, he gets credit when it goes down. Simple as that.
It's not so simple
Normally when it's going up, it's because of his actions or him.
So when a trade deal comes in, when he was elected, when the economy is doing good ⏫
He hasn’t taken any action that improved the stock market
Tax cuts, deregulation
The tax cuts were wiped out in the 2018 crash
it was a correction
Deregulation doesn’t particularly affect the stock market
yes
Deregulation helps the economy, which helps the stock market.
Because there was a huge bubble built on buybacks?
Lol, there’s no evidence to support that
Actually it was because of the trade war and the fed
The stock market was doing just as well under Obama
Mhm
Not really, it was slower in growth.
And as *soon* as Trump won
Bam it skyrockets
Lol
...and then crashes
Twice
Now a third time
So it skyrocketed but the growth wasn’t real, hence the “correction”
That's not how stock markets work. The corrections we've seen have largely been exogenous
Haha
The market loves Trump, but it normally dislikes fed hikes and diseases.
There’s no evidence to support the idea that the stock market loves trump
It loves buybacks, QE and stimulus