First Lady Michelle Obama was praising her husband’s handling of the economy today as the Dow Jones Industrial Average began plunging.

The First Lady spoke at a Grassroots campaign event for Tom Wolf, a Democratic candidate for governor in Pennsylvania.

She reminded the crowd that in 2008, the country was in “full-blown crisis mode” and “on the brink of collapse.”

By 1:30 pm, however, the Dow had plunged over 400 pointsthe worst drop in nearly three years. The market eventually recovered from some of the losses on the day by market close.