Sorry to repeat myself, but President Trump keeps hitting the idea that the stock market is making new highs and the media should talk about it. I could post video but, just to keep it text-y, here are Twitter examples from the last couple of days:
Aug 1 – Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!
Jul 31 – Highest Stock Market EVER, best economic numbers in years, unemployment lowest in 17 years, wages raising, border secure, S.C.: No WH chaos!
Big mistake. Why?
- Candidate Trump understood that the stock market was a Fed-inflated bubble.
- Candidate Trump understood that the unemployment numbers are fake and disguise the ongoing suffering of Middle America.
- If President Trump is now tying his reputation to those numbers, what happens when they reverse?
The stock market IS overvalued, and WILL go down eventually, if only for “cyclical” reasons. Maybe down a lot. What happens then?
Consider that Switzerland’s central bank is now a huge holder of U.S. stocks First…Why? Why would they be in the business of propping up the U.S. stock market? Second…What happens when they change their minds, and sell?
Personally, I see any comment by Pres Trump about the stock market as merely observational. No matter what he does & when the market dips again, as it will, people are going to point & snicker. He’s just tying the market to confidence in the economy.
But I do understand your point. But the Pres makes a lot of public observations about a lot of things, where his treacherous predecessor did not & where previous presidents said absolutely nothing & where former presidents barely appeared in public or made statements.
Pres Trump saying something about the market which everyone knows is volatile at the best of times is a non-issue in my book. There are lesser things that are tied to him without any comment or action on his part.
The Left lives in a swirl of fiction. There’s no attempting to correct the record anymore, it’s just useless. Their audience no longer includes the right & independents either understand what #fakenews is or not.
The higher the market goes, the greater my belief in the tooth fairy.
The fundamentals aren’t there and I get the idea that the Big Players in the market are ready to dump at the first whiff of reality; they know it’s an illusion.
Trump, bless him, needs to know when to stand mute.
Trump is saying a lot of things – and on Twitter – precisely because the “news” media is silent on anything good that is going on.
If the stock market did this while Obama was president it would have been non-stop news for days! for weeks even!