Proportion

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Joe Doakes from Como Park emails:

The Dow dropped the most points ever! Trump should stay away!
Rubbish. The Dow dropped 666 points to close at 25,520. An article from Obama’s time, 2015, shows the 10 worst drops in history. His was number 10.
The analysts are using points instead of percentages which makes it sound scary but is it really? If the Dow was at 10,000 points and dropped 1,000, that’s a 10% drop but if it’s at 20,000 points and drops 1,000, that’s a 5% drop, only half as bad. Trump’s drop of 666 on 26,000 is 2.5%, not the worst in history, doesn’t even make in the top 10. It’s a blip.
Why do you suppose an English major can figure that out, but all the sophisticated market analysts in the media cannot?
Joe Doakes

Make no mistake – they can figure it out.

But the Demorat messaging plan is “Say whatever we need to; our audience is either in on the line, or isn’t smart enough to bother”.