Trump Warns of Epic Stock Market Crash If He's Not Re-Elected

[left-of-center2012]

Link to tweet

Trump officially starts his 2020 campaign on Tuesday with a rally in Orlando, Florida, and appears to be road-testing some of the themes he’ll be touching on in the next 18 months, including stoking fear of a market meltdown. “Tuesday will be a Big Crowd and Big Day,” he said in another tweet.

Research by Macrotrends shows the Dow Jones Industrial Average’s performance so far in Trump’s term has been middling compared with his predecessors, and trails the gains made under Democrats Barack Obama and Bill Clinton. It’s a touch above the gains logged under Republicans Ronald Reagan and George H. W. Bush; George W. Bush had presided over a losing market at this point in his first term.

The benchmark S&P 500 index made a record high in early May before slipping in the face of Trump’s stepped-up trade war with China. The more narrow DJIA, whose performance Trump likes to reference, last peaked more than eight months ago, on Oct. 3.

https://www.bloomberg.com/news/articles/2019-06-15/trump-warns-of-epic-stock-market-crash-if-he-s-not-re-elected

[JDC]

1. He has been tee'ing up a market crash for two years.

This cycle of R'a ruing the economy, Dems fixing it and R's assigning blame has been in play as long as I have been alive.

[Cracklin Charlie]

2. Warns?

Sounds more like a threat.

[SWBTATTReg]

3. Actually, rump has it backwards...when he's finally voted out, the markets will have an epic...

day (up in value) the likes of which we haven't seen !! Idiot always lies so everything he says should be taken in reverse, eh?

[Ohiogal]

4. Like any of his idiot supporters own stock in anything.

[left-of-center2012]

6. Hmm ... maybe ...

whiskey and chewin' tobacco?

[Firestorm49]

5. Well folks, here we go. The idiot already threatened violence if he loses, and now this!

We ain’t seen nothin yet from the Buffoon In Chief. He’s just warming up.

Have a plan to protect yourself, your family and your belongings WHEN the idiot is voted out.

[sop]

7. He's threatening to start a war, warning us of armed insurrection, promising economic collapse,

and we already have epic flooding and storms from cataclysmic climate change. What more does this Devil's Spawn have in store for America? Pestlilence and plagues?

[trev]

8. "The Trump Economy is setting records"

"Measured by 14 gauges of economic activity and financial performance, the U.S. economy is not doing as well under Trump as it did under all but one of the four Republicans and three Democrats who have occupied the White House since 1976."

https://www.bloomberg.com/opinion/articles/2019-01-28/trump-economy-lags-clinton-s-obama-s-reagan-s-and-even-carter-s

Maybe he's in a record race with GW Bush's recession?

[marble falls]

9. He meant if he's re-elected there will be economic disaster.

[marble falls]

12. Donald Trump. Says it all. We've been trimming down for over two years ...

Selling the condo and renting a house. The opposite of common wisdom, I know, but let the land lord fix it. If the economy downturns, rents stay stable. If it bounces back we're a couple of years down the road and we're ready for another transition but we've already gotten rid of the condo.

[marble falls]

17. We have to get Democratic voters interested in down ticket local elections.

[Deb]

13. Manipulating the market again?

I imagine he has been paying someone back quite handsomely.

[GoCubsGo]

14. In other words, be prepared for a stock market crash, regardless.

Everything Trump touches dies.

[Downtown Hound]

15. If that's the price...

WELL WORTH IT!

[gristy]

18. Or, in other words, "Nice little economy you've got there."

"Be a shame if anything happened to it."

[Stuart G]

19. Well.............. Stupid is ...What stupid is..

... .... .... .... .....

:

[struggle4progress]

20. "When foreigners stop booking rooms at Trump's DC International Hotel, the US economy will tank!"

[NotASurfer]

21. NostraDumbass is at it again

And when the Great Recession of 2072 hits, two octogenarian MAGAts will nod to each other and believe Prophecy has been fulfilled

[Vegas Roller]

22. Trump proves that he is a moron 10 times a day

This one is so out there that even the most MAGA hat wearing stupid people won't believe.

[jmowreader]

23. What Trump considers "epic" I don't know, but there will be some sort of a correction

I just did a neat little analysis comparing Trump's Dow Jones performance to Obama's at this point in both men's presidencies.

To do it, I used the end-of-week Dow Jones figures on http://www.fedprimerate.com/dow-jones-industrial-average-history-djia.htm

The end of week numbers the week Obama was inaugurated were 8077.56.
At end of week June 17, 2011, it was 12,004.36.
Gain: 48 percent

The end of week numbers the week Trump was inaugurated were 19827.25.
On Friday the Dow was 26,089.61.
Gain: 32 percent

Imagine Trump and Obama climbing a 20,000-foot mountain. (Quit chortling. We're going to pretend Trump can climb a mountain.)

At the end of the week, Trump calls Obama.
"Barack, what altitude did you make it to?"
"Ten thousand feet. Nice climb. Having lots of fun."

Trump then chortles.
"I'm at 18,000 feet. I'm a better climber than you."
Obama clears his throat. "Donald," he said, "I started at sea level. You hired a helicopter to take you to 17,000 feet. There's a difference."

But you will never convince Trump he isn't the greatest in the world.