Source: Andrew Ross Sorkin, New York Times ( Free Registration )

“The stock market has smashed one record after another, gaining $8 trillion in value. That is great news for Americans’ 401(k), retirement, pension and college savings accounts.” That was President Trump only a week ago during his State of the Union address as he triumphantly touted the gains in the stock market since he became president.

And then, well, you know.

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