Don’t think that Trump isn’t watching every fucking tick of this market. Unlike Bush and Obama, who were oblivious to the market, Trump is obsessed. He knows the bears need to be vanquished, in order to preserve his legacy as world’s best stock market President, ever.
He just floated this tweet, which I am sure was designed to cause a short squeeze.
Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!
— Donald J. Trump (@realDonaldTrump) November 1, 2018
Separately, the new Exodus Quant for November was just posted. I wasn’t going to sell any of my trading positions anyway, even if we traded lower today. The way I view the market is binary and right now we’re in bull mode.
If you enjoy the content at iBankCoin, please follow us on Twitter
NIO with volume
A tweet like this cost Musk $20M.
What an irresponsible fuck.
$20 millski is nothing for the likes of a Musk or Trump … worth the entertainment value as far as they’re concerned. Don’t be mad; you only hurting yourself.
So you are OK with the chief executive BSing to move the market just for a laugh?
Ordinary people can lose their pensions over this kind of horse shit.
A class action suit against the US government for multiple billions is in order.
“He knows the bears need to be vanquished, in order to preserve his (own money).”
#DrainTheSwamp
Of course, did you factor in the fact that Trump is a liar? The meeting will be held Nov 30 – Dec 1, so the bear market will resume Dec 2 once we once again find out that nothing has been accomplished