Trump goes off on Twitter rant about 'My Stock Market' at nearly 2 a.m. in France

[Miles Archer]

Trump goes off on Twitter rant about ‘My Stock Market’ at nearly 2 a.m. in France



https://www.rawstory.com/2019/08/my-stock-market-trump-goes-off-on-twitter-rant-at-nearly-2-a-m-in-france/


President Donald Trump has an early morning meeting Monday with Egypt’s President Abdel-Fattah el-Sisi. He also has a full day of meeting with the G-7, but that wasn’t his focus in the early morning hours.

“My Stock Market gains must be judged from the day after the Election (sic), November 9, 2016, where the Market went up big after the win, and because of the win. Had my opponent won, CRASH!” Trump tweeted Sunday night in the U.S., which was nearly 2 a.m. in France where the president is staying during the G-7 summit.

Donald J. Trump
@realDonaldTrump

My Stock Market gains must be judged from the day after the Election, November 9, 2016, where the Market went up big after the win, and because of the win. Had my opponent won, CRASH!

7:30 PM · Aug 25, 2019·Twitter for iPhone

Link to tweet

[unblock]

1. Stfu Donnie. Monday's looking like another bloodbath.

[elleng]

2. Right

S&P 500
-2.59%
Dow
-2.37%
Nasdaq
-3.00%

[Control-Z]

9. Are those the numbers from the day after

the 2016 election?

[elleng]

10. This past Friday.

[cstanleytech]

14. He never said anything about anyone else's gains and if you invest based on a crash you can

clean up especially if you have the ability to cause it.

[smirkymonkey]

3. WTF are you ranting about, you idiot?

You are a disaster for the economy and the stock market. Your policies are causing a crash right now. It will only get worse.

[cstanleytech]

15. Again, it depends on your point of view. He did only say his gains he never said anything about

other people's gains and if he invested based on the market crashing months ago then he could have made a killing thus he gained alot.

[tanyev]

4. "My Stock Market" is it? OK, Trumpty Dumpty.

[Eliot Rosewater]

5. He doesnt know what stocks are, for real, he doesnt.

[HipChick]

6. He has his tweet scheduled..

and taxpayers foot the bill..

[The Velveteen Ocelot]

7. You don't need a Ph.D. in psychology

to know exactly what's got Fat Nixon's knickers in a twist - it's whatever he's bragging about the most loudly at any particular instant.

[TheCowsCameHome]

8. A mighty asshole that never sleeps.

n/t

[kurtcagle]

11. Nope

Economists typically give the previous administration a weighting factor starting from inauguration day to a year thereafter, as it takes that long for incoming policy to really have an effect on the economy. After a year, a president fully owns the economy.

On Jan 20, 2017 DJIA was 19,827.
Market hit first peak on Jan 26, 2018 at 26,616.
Market has exceeded that peak twice times, 26,725 on Sept 21, 2018 and 27,312 on July 29, 2019, each before dropping back sharply.
Market's troughed at 22,445 on Dec. 12, 2018.

Indexes are not linear. The higher they go, the bigger a 1% increase becomes in index terms. Even giving him full credit from his inaugural day value, the stock market went up 37.7%.

For comparison, Obama started at 8,077 on Jan 23, 2009, the market would bottom at 7,365 a week later, and would peak at 19,827, for a whopping 169% increase over his presidency, with only a few wobbles over that period.

Investors who invested at any point in Obama's presidency would only have lost money once - the week after his inauguration. During his entire administration, the DJIA was increasing. In Trump's case, once the market peaked in Jan 2017, investors at that point would only have made money at that level if they cashed out on the two dates given above, making a grand total of about 0.8% and 2.5% return on investment (a window of about four days in nine hundred). The market has actually been range bound around 24,800 since the first SOTU.

I've heard a fair number of MAGAt types tell me that they made a lot of money from the Trump economy, but that has ONLY been due to volatility and a great deal of wishful thinking. During Obama, if you invested at any point, you made a decent return. With Trump, it's been about 50/50, which makes me suspect there are a lot of investors out there who lost money under Trump, though most people are much less likely to admit that.

I bring out these figures whenever I hear someone tell me how great the Trump economy has been. The response is usually sputtered indignation at first, but then they go home and look at their own investment portfolios, and I find they are a lot more subdued about the topic next time I talk with them.

[yonder]

18. +1. Thanks for this.

[Iterate]

20. Thank you. As a slack-jawed, stuttering fundie once told me,

"You used numbers."

[50 Shades Of Blue]

12. Gawd, he's pathetic.

[Joe941]

13. He owns this stock market....

And the markets are in the tank.

[Mr.Bill]

16. From the day he won to the day he was innaugurated

the Dow Jones dropped 2,000 points.

[NRaleighLiberal]

17. Clearly one of the biggest fucking assholes in human history.

[Captain Zero]

19. That's the fallacy of the un-testable hypothesis, right?

Maybe it's called something else. (Market crash if HRC elected)