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Miles Archer

(18,837 posts)
Thu Nov 30, 2017, 12:01 PM Nov 2017

Trump wants you to know that because he got elected, you're not "low and glum."

Donald J. Trump ‏Verified account
@realDonaldTrump

The Dow just broke 24,000 for the first time (another all-time Record). If the Dems had won the Presidential Election, the Market would be down 50% from these levels and Consumer Confidence, which is also at an all-time high, would be “low and glum!”
8:46 AM - 30 Nov 2017


10 replies = new reply since forum marked as read
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Johonny

(20,841 posts)
3. The economy can't grow forever and once the recession starts what does he do?
Thu Nov 30, 2017, 12:40 PM
Nov 2017

He's got an anti-growth tax plan, a budget that strips the social safety net, and a congress more than willing to blame him for it.

maryellen99

(3,788 posts)
4. They are also bragging about Black Friday and Cyber Monday too
Thu Nov 30, 2017, 12:43 PM
Nov 2017

The only reason why it was so big was because
his middle class brain dead supporters went crazy and maxed out their credit cards on Black Friday and Cyber Monday-they think the huge tax refunds they think they’re getting (4-5K) will pay off their CC debt.

Paladin

(28,254 posts)
5. "glum"? Big word for trump, way outside his limited vocabulary.
Thu Nov 30, 2017, 12:43 PM
Nov 2017

Somebody must have written it for him---the way his books were created.

jmowreader

(50,557 posts)
6. If Trump cant get a tax plan through, low and glum would look good
Thu Nov 30, 2017, 01:30 PM
Nov 2017

First, I don’t think I’ve ever seen a more-sore winner than Trump. It’s like he can’t accept that he’s president.

But here’s the thing: The entire rally since he got elected is because Wall Street believes he will do everything in his power to eliminate their tax bill. If he can’t do it - and his track record with major legislation suggests that’ll be the case - the NYSE circuit breakers will pop several times in the ensuing sell-off. I would recommend liquidating everything over your basis until we either have a tax bill or the CEO of Morgan Stanley holds a parade down the Canyon of Heroes with Trump’s head on the hood of his car.

Oh, and all you crypto bulls? Get the hell out of that until the tax thing is settled. Go to all-cash until April, which should be enough time for the dust to settle. Crypto is riding the same wave of anticipation as stocks, but has nothing underlying it. It will be hit hard.

In both cases, once the thing bottoms, buy as much as you can. Why should Republicans have all the fun?

 

Egnever

(21,506 posts)
7. My prediction
Thu Nov 30, 2017, 01:37 PM
Nov 2017

we win the house and senate back just in time for the crash that is surely coming. Dems then are blamed for crash.

L. Coyote

(51,129 posts)
10. Another tweet reinforcing mental illness diagnosis, OR more distraction for the TREASURY HEIST $$$$$
Thu Nov 30, 2017, 01:56 PM
Nov 2017

Both!

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