iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,854 Blog Posts

Report: Trump Box Watching Markets Crash Lower

According to the apes at WSJ, Tariff Man is obsessed, transfixed even, over the rapid decline of his great, beautiful, stock market.

Mr. Trump has often dismissed market fluctuations as part of a natural correction, but several people close to the president say he places as much importance on the health of the Dow Jones Industrial Average for validation of his job performance as he does with his polling numbers.

While at the White House, he will often keep the TV tuned to business channels and watch the Dow’s minute-to-minute movements, people close to the White House said. He would get excited about triple-digit gains in a single day and question aides about how certain actions might influence the market, people familiar with the matter said. Asked about Mr. Trump’s attention to the stock market, one person close to the White House said: “He’s glued to it.”

Let’s examine this for a moment. He’s scared, plain and simple. He is obsessed with his legacy and how markets respond to his administration. In a sense, it represents everything he’s trying to achieve, which means the leverage is wholly on the side of the Chinese — who quite literally give zero fucks about their markets.

If you’re President XI, you do not bend and set a bad precedent for your country. You wait Trump out, as he sweats and markets unravel. In two years hence, a new President will preside and Xi can crush him into reverting back to the status quo.

At the same token, we’ve seen his recent tweets and how he’s explicitly trying to jimmy stocks higher, even sending out his minions to talk up markets. This is not normal behavior for any President, even this one. I think Wall Street is keen to his tricks now and have called him out for crying wolf and are punishing markets, more than usual, because he lacks credibility. He needs to broker a deal now, and stop talking about getting one, otherwise morale will collapse and markets will follow it down the rabbit hole.

UPDATE: Unbelievable tweet.

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21 comments

  1. ferd

    WSJ fucked up …it’s Dow Joans

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  2. ferd

    Stars may be aligned. $DXY pattern setting-up for an initial move down to 95.70 area and, related, /SI could squirt up to resistance at around $16 ..with miners getting lit.

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  3. og

    Now he’s asking people if it’s his tariffs are causing the crash. What an idiot.

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  4. txchick57

    I’ve got lots of nice Chinese large caps, gold and silver. The Chinese stuff is holding up fine. What does that tell you.

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  5. roundwego

    Vix, overbought is reset from yesterday’s short squeeze. Now it’s hammertime. Liquidity is drying up fast. Fade the news watch credit and vix.

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  6. flea

    Trump can’t impact the forces of capital. The market has long been overbought and it is simply reverting. Trump knows this too. He said it was a huge ‘bubble’ on the trail. Remember?

    Yes, he might be obsessed with it. But who isn’t.

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  7. jbandy

    The man is literally RETARDED. And I say that as a person that agrees with many of the principles behind his policies.

    Oh, and wait for Powell to uphold his promise to raise rates on Dec 19. That will be a real kick in the balls to Trump and the markets!

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  8. roundwego

    The algos hunt stop outs. It’s been getting worse and worse. But the funny thing is if spot the bullshit. The reversion payoff is wickid. But fuck do you have to be focused, to win against machines. Yikes.

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  9. bronze28

    so we have a junky in the WHITE HOUSE.

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  10. jbandy

    Oh man–I hope Rex unloads on him.

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  11. the hungry dog

    Rex already has that why Trump unloaded on him.CBS interview this morning. Rush was talking about it.

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  12. juice

    omg .. what a low-road disgusting tweet .. grounds for impeachment

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  13. numbersgame

    I think you nailed the analysis on Trump and Dictator-for-Life Xi

    Ironicly, Trump *should* get a lot of credit for the short-term stock market rise due to his “1% and f** everyone else” policies.. However, he would have had to be a true business genius to avoid a recession for 4 years after the 7-year run from the last recession Business cycles are had to beat.

    And yeah, truly epic tweet, even for Trump. You can tell he is gettign unhinged. Maybe he will shoot himself out of a cannon after all (or just go on a hunting trip with Dick Cheney).

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    • ferd

      “1% and f** everyone else” policies..” Was the Bushbama administration so different?

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      • numbersgame

        Republicans control Senate, House, Presidency (trifecta): pass a tax bill for the 1%

        Democrats control all three: Obamacare.

        Of course Obamacare has problems, especailyl for self-employed, small business owners, and healthy child-less adults. However, the facts show that the finacial benefits flow down, not up. As a reminder: the leading cause of personal bankruptcy is financial hardship due to expensive and unforeseen medical costs.

        The main differnece is that the Democrats give the bottom 80% crumbs, while the Republicans don’t even bother with that.

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        • ferd

          Get back to me in 2 or 6 years when you’ll look back and realize that the BushBamaBernanke administration did more to transfer wealth to the top than did Trump. The major difference being we are allowed to notice that the rich white hetero male is a pawn and a douche.

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  14. chuck bennett

    No!! That Twit is not fucking real

    Lol. Give me a break. Or is it?

    Regards

    Chuck Bennett

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  15. one-eighty

    I’m waiting for President Get Me Out of Here to say that his Dow numbers are The Best Ever!!!

    PS: All you know-it-alls who voted him in can fuck off. You’re costing me money.

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    • chuck bennett

      Did you thank the voters 2 years ago when we went up?

      Then shut up because you sound like a faggot. (No homo)

      Regards

      Chuck Benneyy

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      • one-eighty

        “Did you thank the voters 2 years ago when we went up?”

        Nope. But I thanked the voters 6 years ago when things went up.

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        • chuck bennett

          Exactly , so be quite.

          We have a few months down and you’re sounding like a fucking deranged dope.

          Regards

          Chuck Bennett

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