Wall Street collapsing! Thanks, Trump

Editors, Wisdom Quarterly; NPR.org; Wall Street Journal; KPFK.org

Sell, sell, you SOB! Heads will roll!

Today saw the biggest plunge in Wall Street history as the stock market dropped 1,175 points (4%, 1,600 points at one time during the day as panic selling started and automated sell offers were triggered).

It has been as high as 2,600 which is meaningless, dizzying heights that do not reflect reality. Bitcoin is not helping as it deflates leaving suckers panicked. All 2018 gains are lost (npr.org).

How's that crypto bitcoin doing?

This sell-off started last week with no apparent explanation. Interest rates are going up. Pres. Trump is being an _-hole, as usual, and other market indicators are generally "healthy."

But clearly this is all about an overheated, over-inflated, fear-stricken market. It's volatile. The VIX (volatility index) has been placid, comatose, but today it surged up beyond its historical average.

I want my money back, Donald Duck Trump!

However, this is not the worst it's ever been in percentage terms. It was worse during the recent Depression we never really pulled out of and the dot com crisis and housing bubble burst that have hit it.

Then there was that Black Friday that sent the country into mire so that only a permanent war economy seemed like the solution. How's that working out for you, war profiteers?

• • Dow drops more than 1,100 points in Stock Market rout:
• Asia-Pacific stocks fall to kick off the week
• Dow sinks 200 points as Wall Street suffers another bad day: Feb. 5 (money.cnn.com) After the market started 2018 with a bang, last week was the worst on Wall Street in two years. The selling gathered steam on Friday when the Dow plunged 666 points, or 2.5%, its worst day since the Brexit mayhem of June 2016. Nearly $1 trillion of market value was erased from the Standard and Poor (S&P) 500 last week. 
• The Wall Street Journal & Breaking News, Business, Financial (wsj.com) WSJ online coverage of breaking news and current headlines from the US and around the world. Top stories, detailed analysis, and in-depth reporting. 
• Stock Market & Finance News - Wall Street Journal (wsj.com/news/markets) Follow the latest Wall Street news on stock markets, finance, banks, hedge funds and private equity, with quotes for stocks, stock indexes, ETFs.