Is Trump deliberately manipulating the Market with GM tweet?

[FrankfurtCat]

Trump slams GM on Twitter
© Getty

President-elect Donald Trump on Tuesday blasted General Motors on Twitter, threatening a "big border tax" on the automaker’s models made in Mexico.

GM’s stock dropped by about 1 percent, roughly a quarter billion dollars in value, after his tweet.

http://thehill.com/homenews/administration/312447-trump-slams-gm-on-twitter

[Eliot Rosewater]

1. Did he buy a bunch of stock right after it dipped?

I dont know if he is smart enough to manipulate and profit from these actions or not, he is generally speaking not very smart about anything, including business where he has a track record of failure and cheating hard working people.

[RKP5637]

2. Very easy in his position, intentional or coincidental, similar effects. n/t

[kentuck]

3. He probably just bought some Toyota stock?

Whether he does it deliberately or not, that is the effect on the market. That is why GM was so quick to respond. They know his game.

[HipChick]

5. Insider trading?

We will prob never know how much of that will be going on..

[cheyanne]

4. The first act of demogogue: Instill fear . . .

and that is what Trump's tweets are all about. He is saying to the business community: I can drive your stock price with a tweet.

And that is why he attacks his critics:"With a tweet I can generate death threats."

Already the media is afraid to call out lies of trump and his right wing nazis, although the media use the cover of "objectivity". And companies do not dismiss his claim to be making jobs . . .

This is the fundamental tactic of a demogogue.

The next is to delegitimatize the government institutions . . .

So don't just write off Trump's tweets; they serve to consolidate his power, not only by threats, but by sowing confusion and misdirection. By tweeting ambiguous messages that grab the attention of the media without really articulating a policy, he undermines his critics.

[ProudProgressiveNow]

6. K&R nt

[cbdo2007]

7. It has already recovered and is back up, but this is still an excellent time to buy GM.

Looks to be about 10-15% undervalued and the dividend for such a solid company is nice.

[pampango]

8. Anyone with advanced knowledge of his tweets could make a fortune. n/t

[onenote]

11. everyone had advance notice of the tweet

It was time-stamped at 7:30 am, two hours before the market opened. Yet, , GM opened higher, and then, like the rest of the market, which also opened stronger, tailed off over the course of the morning.

[sarcasmo]

9. Fraud via Tweet

[onenote]

10. the timeline doesn't support his tweet having a manipulative effect

Notwithstanding the Hill report, the time stamp on Trump's tweet is 7:30 AM, two hours before the market opened. GM closed on Dec. 30 at 34.85. At 9:30 today, it opened up 15 cents to 35.00. An hour later, it had climbed to 35.45, before dropping over the next half hour to 35.12. As of 11:48, it was back down to 35.03. The rise and fall of GM stock reflects the Dow as a whole today, which opened strong and has tailed off over the course of the morning.

Investors are savvy enough not to overreact to a tweet such as this.

[FrankfurtCat]

12. I don't follow the Stock Market closely any more, and I am not very savvy regarding it...

..but couldn't the stabilization have occurred as a result of GM's measured response to his tweet? And there is a lag-time before people largely become aware of his ridiculous crap.