The Stock Market Is Really Jittery Right Now

Yesterday the stock market surged, supposedly on news that a trade deal with China was in the works. Today, the stock market has plummeted, supposedly on news that Trump lied about how likely a deal really is. If all this is actually true, it means that Wall Street investors are idiots. They can’t possibly still be taking Trump’s tweets at face value, can they?

There’s no telling, really. In any case, explanations of why the market has gone up or down on any particular day should always be taken with a shaker of salt. The more likely explanation is shown in this chart:

The market has been volatile ever since October. If I knew why I’d be a billionaire, and for all you know, maybe I am. But I’m not. So I have no idea why everyone has gotten so jittery over the past couple of months. Whatever the reason, though, this week’s ups and downs are most likely just the same jitters that began in October. I doubt they really have anything to do with Trump’s Twitter idiocies at all.

Speaking of which, did you hear that Trump signed the new and improved NAFTA treaty while he was in Argentina? Unfortunately, our dealmaker-in-chief, who’s signed so many deals you wouldn’t believe it, couldn’t figure out where to sign this one.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

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Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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