Trump is already tweeting, so far just bragging about the stock market

[highplainsdem]

Link to tweet

Dow goes from 18,589 on November 9, 2016, to 25,075 today, for a new all-time Record. Jumped 1000 points in last 5 weeks, Record fastest 1000 point move in history. This is all about the Make America Great Again agenda! Jobs, Jobs, Jobs. Six trillion dollars in value created!

He seems to think the stock market is some sort of magic shield for him.

[BumRushDaShow]

1. Will be interesting to see if the UE rate actually goes up this morning

possibly due to participation rate and/or all those previously announced layoffs.

[dewsgirl]

2. He really does, anytime things are going bad he'll

Toss one out. I wonder what kind of distraction we are in for today.

[janterry]

3. I'd like to think that this is a silver lining

for having to endure Trump and all of his evil, but I suspect it will all crash as his presidency crashes.

It's going up on false hopes........when it comes down it will fall with a tremendous thud.

[Renew Deal]

4. Live by the sword, die by the sword

[winstars]

5. I am no math wiz but doesn't he understand that each 1k rise means less % wise rise than...

Is that correct?

Math not my area of expertise let alone the stock market

[Ms. Toad]

16. Yes, you are correct.

Last edited Fri Jan 5, 2018, 07:57 PM - Edit history (1)

Obama's % rise at this point in his presidency is higher than Trumps (I didn't verify the numbers myself, but someone ran them yesterday).

Here's the comparison: http://www.cnn.com/2018/01/05/politics/trump-dow-jones-interactive/index.html

(Scroll down to the chart)

[PearliePoo2]

6. Stock market going up because

The corporate pigs are at the trough licking their chops over their tax cuts.

[appleannie1943]

7. Someone should drop by his feed and politely ask which of his 'best friend's' wives he has porked

this week.

[kydo]

8. Just wait till it crashes. What goes up will come down, hard. I wonder what he says then.

The system that is generating the crazy high stock market, won't hold. The market can't continue this. No worries it will correct itself, always does.

[Liberalagogo]

9. So that justifies treason, FatAss?

n/t

[SunSeeker]

10. Pffft. The Dow more than TRIPLED under Obama.

The Dow went from around 6,500 on March 9, 2009, to about 20,000 when he left office on January 19, 2017.

http://fortune.com/2017/01/20/thanksobama-heres-how-stocks-did-during-obamas-presidency/

[MFM008]

11. Nobody cares

He still doesn't get it........

[GetRidOfThem]

12. sign at Gator Park in Florida:

What goes up must come down: please don't feed the birds

Has anyone looked at the p/e ratios of stocks lately? Or done an NPV analysis?

[kaotikross]

13. Most investors aren't stupid.

Nor are business owners. There will be few if any "jobs jobs jobs" created because everyone is gonna sit on that extra cash or reinvest it elsewhere for when the implosion comes.. Trump seems to operate in a fantasy world where businesses make profits and always 100% of the time use that for new hires and risky expansion but that is simply not the case. If shareholders are given a choice between A: risky expansion with a possibility of a large payout down the road or B. A an almost-as-large risk-free payout now..what do YOU think they'll pick?
Trump never minded new hires because he was perfectly willing to stiff them anyway. He'd brag that hiring them and then screwing them out of 75% of the promised wage was "good business".

[highplainsdem]

14. Part of Trump's tweet quoted a Fox News chyron 25 minutes earlier. See this

tweet from Media Matters' Matthew Gertz:

Link to tweet

[blueinredohio]

15. We've seen this before. Anybody remember 2008?

[ProfessorGAC]

17. And On A Long Term View. . .

. . . rather than a slash and burn investor like "it", the trendline of the DOW is still on, statistically speaking, the same slope it was on from 2012 to 2016.

IOW, this is nothing.