'Best Economy Ever' Triggers Stock Market Circuit Breaker AGAIN

Live shot of Donald Trump right now...#marketcrash pic.twitter.com/cVZElrk7SE
— Paul Lidicul (@PaulLidicul) March 9, 2020

By Susie Madrak — March 12, 2020

After Trump's speech last night -- one that was immediately corrected by his own administration -- the markets were not reassured. Via CNBC:

U.S. stocks hit critical circuit breaker levels on Thursday minutes after the opening bell for the second time this week as global markets plunged amid investor fears about the coronavirus global pandemic.

Just as they did on Monday, the S&P 500 hit exchanges’ 7% threshold decline in morning trading, halting trade during regular market hours for 15 minutes to ensure order in the marketplace.

Trading resumed at 9:50 a.m. ET, with both the S&P 500 and Dow Jones Industrial Average extending losses immediately after the restart. The S&P 500 was last seen down 8% and the Dow was down 9%.

Heard on every trading desk for last 10yrs: "Fck Dodd-Frank."

Heard on every trading desk for the last 10d: "Thank fck for Dodd-Frank"

— Joseph S. Mauro (@jsmauro13) March 10, 2020

I'm in the auto industry. Had our best year since invention in 2015. Thank you President Obama. With steel tariffs and rescinding Dodd Frank, were in toilet again. F$$k 45.

— Alexis Kaiser (@AlexisKaiser16) March 11, 2020

See my latest piece dissecting how the Trump administration has been remarkably successful in rolling back key elements of Dodd-Frank https://t.co/7YjEkoesqM

— Lee Reiners (@leereiners) March 11, 2020

Dodd-Frank saved the economy today. If not for Dodd-Frank the market would have continued to spiral out of control. Greater than a 6000 drop if Dodd-Frank didn't kick in and trip the circuit breaker.

President Obama is STILL saving this country's ass.

— There Never Was A Revolution (@EthanObama) March 9, 2020

Reminder: He just got over $8+ Billion-after televised round table with bankCEO’s. Right beside him-BOA(biggest player in 2008 meltdown) Trump signs law rolling back Dodd-Frank rules created in response to financial crisis - The Washington Post https://t.co/bDZ1UvQ4Fz

— Sandy (@SandyBHutchison) March 12, 2020

.@realDonaldTrump may provided a tax cut to these banks that was a major win for them.
But-the reason they are not overly exposed, extended & losing mountains of money at this crucial crisis moment?
BASEL I & II
Dodd Frank
Voelker Rule

Otherwise known as REGULATIONS

— Stephanie Ruhle (@SRuhle) March 11, 2020

Pres. Trump: "The markets are going to be just fine, just fine."

Reporter: "Why do you say that?"

Trump heads inside. https://t.co/gYzXmYF0aF pic.twitter.com/yYJ9k46Yoi

— Evan McMurry (@evanmcmurry) March 12, 2020

pic.twitter.com/MmJrOn9h97

— Suburban Guerrilla Ω (@SusieMadrak) March 12, 2020

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