The "irrational exuberance" of Wall Street

To listen to Republicans talk, Trump saved us from the Great Obama Depression. Just look at the stock market, for example.

Never mind that it went from a low of about 6700 to a high of about 20,000 when Obama left office, everything good in the economy happened after Trump moved into the White House.

No doubt, the people on Wall Street thought it was a new age of "laissez faire" in the markets and no regulations to hold them back. They were high with their expectations and it showed on Wall Street. Like a runaway freight train, it shot all the way up to above 26,000! But now, it appears they are finally sobering up from their drunken stupor? The market is now below 24,000 and nobody knows where it will end up because of its volatility and unpredictability.

Wall Street has been following the siren song of greed and recklessness. Their huge taxcut has not been the magic panacea that they imagined. The real world is about ready to blanket their irrational exuberance.