General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsConway warns Trump capable of manipulating the stock market using Twitter
and he's willing to do it whenever he feels like it.
CONWAY: So, President-elect Trump sees that he has this massive online platform. He says about 35 million on Twitter and Facebook combined. And he sees an opportunity to communicate right to people by cutting through the noise or the silence, whatever the case may be, through social media platforms. But see that through tweets now he can affect industry, he affected the stock market yesterday, frankly, and he did it twice. He did it in two different ways: first, by telling Boeing to cancel the project or maybe put it on hold. He thinks it's too expensive, it goes against his entire platform of cutting waste and abuse in the system. And then their stocks went down 1.5 percent yesterday. And then secondly, he went down to the lobby in Trump Tower where the media are, and he announced a $50 billion -- that's with a "b" -- investment by SoftBank.
http://thedailybanter.com/2016/12/trump-will-keep-using-twitter-to-manipulate-the-stock-market/
DetlefK
(16,423 posts)Tommy_Carcetti
(43,085 posts)hughee99
(16,113 posts)Insider trading would be if he used this knowledge that no one else has to make investment decisions or if he passed that information on in a non-public manner to someone else who did.
"Price manipulation" might be a closer term to what he's doing.
tanyev
(42,360 posts)Else You Are Mad
(3,040 posts)They are too stupid to realize that Trump could destroy your 401k with just a couple of tweets.
That said, that is utterly frightening. Trump hold grudges so publicly traded companies will not do any thing to piss him off.
deaniac21
(6,747 posts)WhiteTara
(29,676 posts)by annoying me with facts or truth.
TheBlackAdder
(28,076 posts)ladjf
(17,320 posts)ladjf
(17,320 posts)HAB911
(8,811 posts)The aerospace giants shares dropped 2.6 percent in premarket trade after Trumps tweet. DOWN 4% as I post
Wounded Bear
(58,440 posts)one of the biggest boondoggles around. Problem we have is that there is plenty of shit like this he can point at to distract while he rips us off in other ways.
HAB911
(8,811 posts)next he gets a hard on for AT&T or Verizon because they charge too much for comm services or any of hundreds of others residing in 401K plans?
He's a shithead
Wounded Bear
(58,440 posts)I just don't want to get too distracted by shit like this. If people sell stock because shit-head tweets some crap, they deserve to lose their shirts.
The real story to me is the Russian interference in our elections.
flamingdem
(39,304 posts)before it gets buried.
usedtobedemgurl
(1,100 posts)Kelly Anne is issuing a thinly veiled threat. Is it ok with you that Donald could have read that they were against him and wary of him and then, hours after that was made public, Donald decides to flex his muscle and retaliate for someone daring to stand up against him? This could have a chilling effect on our first amendment knowing that Trump will try to bring down your stock if you dare go up against him. On the other hand they are showing that if you cooperate with Comrade Trump that you can be rewarded with higher stock prices.
It does not matter whether someone deserves to be criticized or not, this is bullying people into submission and trying to quell the voices of dissent. That is never ok in a democracy.
Wounded Bear
(58,440 posts)the threat is all too real, and it's deplorable that she would say it.
But once again, he uses bad shit to divert our attention all the time, and there are plenty of "legitimate" targets out there.
It's a Gish gallop of shit that should be disqualifying, and marginally criminal. He piles scandal on scandal so fast that nobody can keep up, and people give up in exhaustion. Meanwhile, he setting up for the oligarchy to fleece the public coffers.
usedtobedemgurl
(1,100 posts)and in all fairness, they deserve this scrutiny.
AgadorSparticus
(7,963 posts)The boy can only cry wolf so many times, you know.
Yavin4
(35,357 posts)The market is supposed to reflect the actual value of the company, not some babbling idiotic tweets.
Wounded Bear
(58,440 posts)I see another bubble coming. Certainly, the education loan problem is about to explode.
Barack_America
(28,876 posts)...or better yet, bonds.
Or, shit, maybe even gold.
Yavin4
(35,357 posts)Laura PourMeADrink
(42,770 posts)maryellen99
(3,782 posts)I think that easy credit,overpriced McMansions/real estate,and easy to get bad mortgages are coming back and are going to cause a depression when that bubble bursts.
Wounded Bear
(58,440 posts)And, of course, they will blame SS, Medicare, and Medicaid and cut my benefits.
They no longer even try to hide their intentions.
maryellen99
(3,782 posts)The same ones who blame minorities for their house being foreclosed instead of themselves-not the ones who lost their homes due to unforeseen circumstances,I'm talking the ones who refinanced up to the hilt so they could have granite countertops,stainless steel appliances etc.
spanone
(135,636 posts)no_hypocrisy
(45,774 posts)mfcorey1
(10,997 posts)HAB911
(8,811 posts)GM shares, which were at $34.38 in premarket trading before the tweet, fell to a session low of $34.22, or about a $244 million hit to its market value. However, shares have since come back to about half of where they were before the tweet.