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The stock market is in trouble. On Wednesday, the Dow fell more than 1,100 points —the worst sell-off in nearly two years. Things aren’t much better Thursday, as panic sets in over a possible bear market.
From CNN Business…
The Dow fell nearly 150 points, or about 0.5%, in midday trading. The blue chips have now fallen almost 15% this year. The S&P 500, which is perilously close to dropping 20% from the all-time high it set on January 3 and into a bear market, was flat. The tech-heavy Nasdaq, which is already in bear market territory, was up about 1%. But it’s still down 26% just this year.
At least one person saw this coming. An old clip of former President Donald Trump debating challenger Joe Biden is making the rounds on social media channels. In it, Trump says the stock market will crash if Biden were to be elected.
“They say the stock market will. boom if I’m elected —if he’s elected, the stock market will crash,” Trump says.
Watch the clip above.