/---/ If you mean this,
"Due to his complete fucking up of the coronavirus response.:"
Well, there's this. If you blame him for crashing the market, do you give him credit for a quick recovery?
Although the 2020 market crash was dramatic, it didn't last. The stock market experienced a surprising recovery, even as many areas of the U.S. economy continued to experience trouble.
Key Takeaways
- The 2020 stock market crash began in February 2020 just before the World Health Organization declared COVID-19 an official pandemic.
- The Dow Jones' fall of nearly 3,000 points on March 16, 2020, was the largest single-day drop in U.S. stock market history.
- Unlike some previous crashes, however, the market rebounded quickly and set new records in late 2020 and early 2021.
- The crash was a reaction to states (not Trump) closing down their economies : The 2020 crash occurred because investors were worried about the impact of the COVID-19 coronavirus pandemic. The uncertainty over the danger of the virus, plus the shuttering of many businesses and industries as states implemented shutdown orders, damaged many sectors of the economy. Investors predicted that workers would be laid off, resulting in high unemployment and decreased purchasing power.
- 2020 Stock Market Crash: Facts, Causes, Effects