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Live by the Dow. Die by the Dow.

On Monday, the Dow Jones Industrial Average ...

Posted: Feb 6, 2018 11:24 AM
Updated: Feb 6, 2018 11:24 AM

On Monday, the Dow Jones Industrial Average plummeted 1,175 points, the single largest point decline in the history of the market.

The White House response? Something like this:

"Look, markets do fluctuate in the short term, we all know that and they do that for a number of reasons," said White House spokesman Raj Shah. "But the fundamentals of this economy are very strong and they are headed in the right direction, for the middle class in particular."

Which is a TOTALLY reasonable argument to make. Focusing on any one day -- or even one week -- of stock market performance is akin to standing six inches away from a picture and trying to define what is depicted.

Except...

Trump has, repeatedly, taken credit for each and every rise in the stock market since coming into office last January.

"You take a look at what's going on with the stock market," he said in February 2017. "Trillions of dollars of value have been created since I won the election - I mean trillions."

Or this tweet from last summer: "Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!"

Using the stock market as the leading proof point of your economic successes is a fool's errand. As any economist will tell you.

But that's just what Trump has spent the past year doing. Which means he has to own the bad days, like today.

The Point: Trump's reliance on the rising stock market was always fraught with political peril. He now has to hope that there aren't too may more days like this to come.

Read Monday's full edition of The Point.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 341862

Reported Deaths: 7533
CountyCasesDeaths
Hinds23783441
DeSoto23180283
Harrison20365329
Rankin15307290
Jackson15087251
Madison10917227
Lee10674179
Jones8969169
Forrest8621159
Lauderdale7839243
Lowndes7016151
Lamar696289
Lafayette6535124
Washington5589139
Pearl River5141152
Bolivar4949134
Oktibbeha491698
Panola4766112
Warren4709127
Marshall4691106
Pontotoc446273
Union432579
Monroe4322137
Neshoba4268181
Hancock423788
Lincoln4171116
Pike3650113
Leflore3619125
Tate352888
Alcorn349574
Sunflower347194
Adams340588
Scott340176
Yazoo338575
Copiah323468
Simpson322090
Itawamba314180
Coahoma313385
Tippah304768
Prentiss297863
Covington291883
Leake284675
Marion283681
Wayne276143
George270551
Grenada268888
Newton261564
Tishomingo239370
Winston236584
Jasper229548
Attala225973
Stone225337
Chickasaw218760
Holmes199274
Clay196754
Clarke186280
Tallahatchie183742
Calhoun181232
Smith178935
Yalobusha171340
Walthall145348
Lawrence141626
Greene139734
Amite136943
Noxubee134835
Perry133238
Montgomery132244
Carroll125931
Webster121032
Jefferson Davis116234
Tunica113427
Benton106225
Claiborne105031
Kemper102329
Humphreys100133
Franklin87723
Quitman84619
Choctaw82319
Wilkinson77732
Jefferson71128
Sharkey51618
Issaquena1736
Unassigned00

Alabama Coronavirus Cases

Cases: 577463

Reported Deaths: 11510
CountyCasesDeaths
Jefferson841981589
Mobile47171860
Madison37047533
Tuscaloosa26915465
Shelby26873256
Montgomery25918625
Baldwin24499328
Lee16949181
Calhoun15252332
Morgan15017290
Etowah14778370
Marshall12933235
Houston11774292
Elmore10761217
St. Clair10617252
Limestone10574158
Cullman10363205
Lauderdale10083254
DeKalb9382191
Talladega8836188
Walker7681287
Autauga7479114
Jackson7317117
Blount7266139
Colbert6635142
Coffee6163132
Dale5453117
Russell470642
Chilton4682117
Covington4649125
Franklin450081
Tallapoosa4440156
Escambia427882
Chambers3898125
Dallas3717163
Clarke367763
Marion3427106
Pike327879
Lawrence3225101
Winston294973
Bibb284565
Geneva276383
Marengo259967
Barbour246261
Pickens240062
Butler238272
Hale232778
Fayette225264
Henry209245
Monroe197241
Randolph196744
Cherokee196348
Washington180139
Macon168752
Crenshaw165558
Clay163759
Cleburne160245
Lamar149938
Lowndes144854
Wilcox130531
Bullock126142
Conecuh119630
Coosa116929
Perry109928
Sumter109032
Greene98736
Choctaw64325
Out of AL00
Unassigned00
Tupelo
Clear
92° wxIcon
Hi: 97° Lo: 75°
Feels Like: 104°
Columbus
Clear
93° wxIcon
Hi: 96° Lo: 74°
Feels Like: 107°
Oxford
Clear
91° wxIcon
Hi: 94° Lo: 72°
Feels Like: 102°
Starkville
Partly Cloudy
91° wxIcon
Hi: 96° Lo: 73°
Feels Like: 102°
Friday we will see the hottest and most humid day of the week. We will see many areas top off in the 105 to 115 degree heat index. Some areas will approach 120. Very little chances for some isolated showers and thunderstorms for the late portion of the afternoon.
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