Not to worry, Phil. Trump haters/blamers will love this. Cause, you know, if it's good, it's on Obama still. If it's bad, it's all Trump's fault. Cause, you know...ORANGE MAN BAD!!!!!!!!!!!
The Dow will fall back to coronavirus crash level below 19,000 before new high: CFO survey
Chief financial officers of major corporations around the globe are more likely to believe the
Dow Jones Industrial Average will retest its coronavirus crash level, below 19,000, before reaching another stock market record high above 29,000, according to the second quarter 2020 CNBC Global CFO Council Survey.
Only 22% of global CFOs expect the Dow to reach a new record high without first experiencing another major decline, while 51% of CFOs are betting that the Dow is headed back below 19,000. The bleakest outlook comes from CFOs in the EMEA (Europe, Middle East and Africa) region, where only 10% of CFOs believe the Dow is headed for another record. That’s versus 70% of EMEA chief financial officers who see another big drop in U.S. stocks ahead.
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So, if we set a new record high, haters will credit Obama.... then if the bottom drops out again as predicted above, THAT will be Trump's fault, not Obama's.
Just watch.