

Firstly, does he really think it’s going so great over there that wealthy people think it’s worth $5M to get in? More likely they will just wait for the fire sale and buy up the land cheap.
Second if you have 5 mil, do you need to go there for work?
I feel like using percentages would be more meaningful. The Dow Jones peaked at 381 just before crashing in 1929. So using absolute numbers can’t be compared because the entire DJ wasn’t worth the drops we are seeing today.
I in 1929 it lost~10-12% on its worst days
So far Trump is losing ~5% approx each day
It’s not exactly a stellar endorsement. I’m only saying that you are comparing things at today’s dollar value, when the value of currency changes over time.
This Wikipedia page shows that the worst days by percentage are not where we are yet.
However… Rank, President (AFFILIATION), date, DJ, Point loss, %loss
1 Reagan ®, 1987-10-19, 1738.74, −508.00, −22.61%
2 Trump ®, 2020-03-16, 20188.52, −2997.10, −12.93%
3 Hoover ®, 1929-10-28, 260.64, −38.33, −12.82%
4 Hoover ®, 1929-10-29, 230.07, −30.57, −11.73%
5 Trump ®, 2020-03-12, 21200.62, −2352.60, −9.99%
6 Hoover ®, 1929-11-06, 232.13, −25.55, −9.92%
7 McKinley ®, 1899-12-18, 58.27, −5.57, −8.72%
8 Hoover ®, 1932-08-12, 63.11, −5.79, −8.40%
9 T. Roosevelt ®, 1907-03-14, 76.23, −6.89, −8.29%
10 Reagan ®, 1987-10-26, 1793.93, −156.83 , −8.04 %
All republicans. I note that the biggest daily gains were also republicans but most of them are related to the big drops e.g a day, week or month later, so they basically tank the index then the index recovers some time later.