Nobel Prize-winner, favorite economist of Trump haters and voice of the New York bien pensant, New York Times opinion writer Paul Krugman predicted right after the election: “It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?” Krugman said. “If the question is when markets will recover, a first-pass answer is never.”
A little more than two months after Trump's election, the Dow Jones broke 20,000, setting a new record in what many called the "Trump Rally" or "Trump Bump."
I personally have $100 riding on a bet against this prediction, made by a friend who is really a good guy despite the political derangement he suffered while a senior exec at a top mainstream media news organization and his subsequent career as a Hollywood producer.
I was careful to stipulate the bet does not pay if the President is forced from office by wounds inflected by Islamist terrorists or insane attackers, such as Madonna.