Both Obama and Bush couldn’t give two shits about the stock market. Bush was focused on colonizing the middle east and Obama was fixated on having mentally ill transgenders urinate in the ladies restroom — standing up.
But now we have a shit-poster in chief, very vain and ideally focused on how the public perceives him. Being a man of business, he’s singularly interested in what the media has to say about him, and more importantly, the stock market.
He tweeted this out this morning.
Great optimism for future of U.S. business, AND JOBS, with the DOW having an 11th straight record close. Big tax & regulation cuts coming!
— Donald J. Trump (@realDonaldTrump) February 25, 2017
Just last week, in a CNBC interview, Sec. Mnuchin said ‘we’re in a mark to market business’ and the bullish tone and tenor of the stock market was a reflection of the administration’s progress.
“There’s a lot of confidence in the Trump administration and in the desire to invest in the U.S.,” he told CNBC in an exclusive interview Thursday. “This is a very competitive place to do business. We’ve got great companies, and you see that reflected in the markets.”
Bullish or bearish on the stock market, these are significant developments in the market narrative — evidence of the Trump administration’s intent to bid this market up throughout his term.
It has never been harder to be a bear.
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Did you get McDonald’s this morning to try and curb your hangover with a greasy breakfast?
drink only quality beer, no hangovers ever.
I actually didn’t drink last night. I’ll have some tonight. I’m shot on Friday’s.
Bloody Mary’s are my preferred hangover cure.
The man is a business man.
I need the energy trade to get going and I’ll be sitting pretty. They say it’s super crowded with longs but there could be just enough inertia to push crude above $55.
CLR
I clearly Disagree
Obama said pay no attention to stocks even though they were controlling it. He was able to say pay no attention. Because they were controlling it.
So the manipulated 3:00 3:30 ramp yesterday was part of the market’s sensitivity to Trump talk? You’re fucking nuts. It’s still the-other-side controlling it.
With a Shiller p/e of 29.34, Trump is able to talk-up the market? He’s most likely touting the valuation which will implode on him. I believe he’s partly aware of that.
Your reading of the market makes absolute no sense, when daily charts and 2016 rigging are considered. Don’t feel bad though most conventional anal-ysts are also asleep
Since you know how “they” are controlling it, why are you habitually on the wrong side?
Bud, what specifically about the rigging or control of our stock market do you want to know, or not understand?
I’m a permabear. That never changes.
I guess it’s the never changing thing. I don’t know as much as you do about the market being controlled. But who cares? I always assume I am wrong and go from there. I like being a bear, but money talks. You will get a jump and be finer tuned to deal with a market turndown than most bulls, so you got that. Hope you kill it.
Trumps going to grab you bears by the pu$$y
Exactly. If you know there rules then play the game
“Their” rules. I’m heckling you, that is correct.
The fake news labelers following me are clearly discredited. Stated facts about p/e, friday trade, and logical conclusion.
I could pull up hundreds of comments from 2012-2015 of many here saying the stock market is clearly being pumped, rigged.
Ha! Tax announcement will be a sell the news thingy.
Retail is always the sucker.
http://www.zerohedge.com/news/2017-02-25/jpmorgan-institutions-and-hedge-funds-are-using-rally-sell-retail-investors
Can you point me to where retail is even minutely all in on stocks? Everywhere I hear there is a 5% correction soon.
Lord Bannon gave a tell on the other narrative when “We will have to fight” was spoken with vigor at cpac. Between fake news and those fucking RINOs. We need the agenda moving which is hard to do when Trump’s political appointees are not getting filled. The Cabinet is just the tip of the iceberg. The long swamp stall vs Godlike stamina and will.
What is your read on Tom Perez? He sounds like a preacher the few seconds I heard him talk to his political congregation.
Globalist establishment scumbag puppet. Ellison was a horseshit set up for the Bernietards to feel involved again. If they see the scam they will move to Trump. Some at least. But with libtards who knows. How many times they take it up the ass before waking up is the question.
Did you break a IBC record for most comments on the ‘What’s your poison” post??
Stock takeaway? Easy peasy.
$WSKY
Good eye Le Fly. This market wants Moar. Snapchat be damned.
First correction will kick his ass.
If Trump is the renegade we presume him to be, then his intentions for the stock market are near meaningless. The people who have printed money and transferred wealth to the already wealthy still control the rigged system.
And if he is going to play ball with the people who have rigged the system to transfer wealth to the already wealthy, then his personal intentions remain near meaningless. It is only the intentions of those who control the system and the money that matters.
Yes, Trumpism may unleash animal spirits, but markets were due for a final push and and euphoric peak …whatever the catalyst that ends up being credited in retrospect.
Will he bend his agenda to the real powers that he needs to fund his spending plans …causing it all to end with an inflationary bang? Or is he crushed …and the bull dies with a whimper?
If one is buying tech. Then one believes America is burka bound with heroin addiction simply getting started. AAPL is the ultimate Swamp stock.
Inflation was and is spurred by China. Infrastructure needs and will happen in the USA during President Trumps term.
Trump’s tweet will likely stand as one of the greatest contrarian indicators of all time.
Great news for the Democrat congress in 2018 and president in 2020! Trump is at 44% popularity on a good day and falling like a rock. Tick.. tick.. tick…
Crony capitalism will make America great again!