Lawrence O'Donnell: Trump plunging stock market to its 'Make America 1932 Again' moment - The Last Word - MSNBC

[Rhiannon12866]

MSNBC’s Lawrence O’Donnell details how no president until Donald Trump has been “stupid enough” to roil the stock market by attacking the Federal Reserve chair, attacks that, along with Trump’s tariffs, have tanked the stock market into its “1932 performance level.” - Aired on 04/21/2025.

[progree]

1. 'have tanked the stock market into its "1932 performance level." ' -- uh, I don't think so

At Monday's April 21 close:
    S&P 500 is down 16.0% from its Feb 19 all time high
    Dow is down 15.2% from its Dec 4 all time high

Neither has reached a "bear market" which is 20% down. (Yet. I fully expect it to in the coming days or a couple weeks. We're 3/4 of the way down to that point already).

I keep track of the S&P 500 on a daily basis, including percentage change from the previous market close, from the election day close, from the inauguration eve close, from year end, and from the all-time-high. Also for the Dow, but I don't calculate all the percentage changes for the Dow like I do for the S&P 500. Updated daily in the Economy Group at https://www.democraticunderground.com/111699775

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Market Correction: What Does It Mean?, Schwab, 3/14/25
https://www.schwab.com/learn/story/market-correction-what-does-it-mean
S&P 500 corrections occur when the S&P 500 index closes down 10% or more below a recent high. Bear markets are when the S&P 500 index closes down 20% or more below a recent high

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Corrections occur about every 2 years, on average. Bear markets occur about every 7 years, on average.

The famous 1929 crash was a peak-to-trough 89% drop to its low point in July 1932.

[Rhiannon12866]

2. Thanks for your expertise

[progree]

5. You're welcome. Thanks for the clip 😊 /nt

[Meowmee]

3. This was all caused by psycho etc. - intentionally and Insider trading was /is involved for sure

It was not a supposed "natural" cycle of the market/economy.

[Rhiannon12866]

4. Exactly...