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I have seen people right in this board justify any number of things Trump has done by saying that their 401k's cannot take the hit from a Democrat becoming president.

Now, the coronavirus would have impacted the economy no matter who was president. Whether Trump's relaxation of Dodd Frank, and the buildup of toxic debt that's resulted, cause serious a long term recession is yet in the air, but the fact remains that Trump and a chunk of his supporters look to the stock market as a marker of his success and continuously toot their horn about it, despite little of it being directly related to Trump's actions.

So why would they be given the benefit of external factors when the market slumps?