If Biden Shuts Down The Economy, The Dow Would Drop 4,000 Points

Above, Joe "Plugs" Biden.

You can't say President Trump didn't warn you!

During the campaign, Joe Biden said if "science" says that a shutdown is necessary, he would shut down the U.S. economy. Trump jumped on this and Biden tried to weasel out of it.

According to AOL News:

The last thing bullish post-election season investors want to see is a nationwide lockdown to control the resurgent coronavirus under President-elect Joe Biden.

“3,000 or 4,000 [Dow] points lower at least,” veteran strategist David Nelson of Belpointe Asset Management told Yahoo Finance Live on the market reaction to a possible lockdown.

But that may be what investors are staring down the barrel of if COVID-19 infections and deaths continue to rise ahead of Biden assuming power in late January.

Influential COVID-19 adviser to president-elect Joe Biden Dr. Michael Osterholm told Yahoo Finance Live a four- to six-week national lockdown would be appropriate to get the pandemic under control. Osterholm contends the U.S. has a “big pool of money” to pay for lost household wages from any lockdown. The payments to households would continue as a vaccine for the deadly disease is rolled out across the country.

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