The Dow Jones Industrial Average dropped another five hundred-plus points today, sending it down nearly ten percent in the past two weeks. The DJIA is now well below where it was when the year began. So much for the notion of a roaring Trump economy. So what’s causing investors to throw up their hands and start cashing out?
On some level, investors have to be considering the sobering reality that Donald Trump was never legitimately elected president, that he’s now essentially holding the office hostage while what’s left of the federal government tries to oust him, and that this kind of uncertainty is the precise opposite of what makes for a safe trading market. But we all know Trump probably won’t be ousted today or tomorrow, so why cash out now? Trump was kind enough to remind us today of precisely why.
Here’s what Donald Trump tweeted today just before the market opened: “It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!” Where do we even start with this mess?
It’s clear, from this tweet alone, that Trump has no idea how the economy works. Earlier this month he posted a tweet vowing to invoke more tariffs, while revealing that he had no idea what tariffs even were. No wonder investors are pulling their money out of the stock market, fearing a imminent crash. You’d get off a bus if the driver started shouting things that revealed he had no idea how driving worked.
1. Trump from Michael_Novakhov (198 sites)