1/2/2019 – A positive day with the Dow Jones up 18 points (+0.18%) and the Nasdaq up 30 points (+0.46%)
The stock market remains at an incredibly important juncture. Things are about to accelerate in an unexpected way. If you would like to find out what happens next, based on our timing and mathematical work, in both price and time, please Click Here.
In December of 2018 President Trump issued a Strong BTFD call by suggesting the stock market is selling at an incredibly attractive valuation. You know, your typical “Buying Opportunity Of A Lifetime” call.
Today he went even further by assuring investors …….
Trump says stocks had ‘glitch’ and that markets will rise when trade deals settled
President Donald Trump on Wednesday referred to recent stock market losses as a “glitch” and said the market will go up again once trade agreements are settled. “We had a little glitch in the stock market last month,” Trump said at a cabinet meeting.
Our interpretation is rather simple. Mr. Trump, if you believe the stock market is incredibly inexpensive and about to surge higher, as you so often claim, why don’t you take your entire Net Worth and put your money where your mouth is.
Of course, he never will as President Trump famously avoids investing in a “Sure Thing” stock market.
It is incredibly difficult to argue with hardcore Trump supporters, I was one of them before he flipped on nearly every important issue, but let’s try.
For instance, according to most Trump supporters, we are witnessing an economic miracle the like of which we haven’t seen since the days of ancient Rome. For instance……
WH PRESS SEC: DEMS WARNED OF ECONOMIC ‘ARMAGEDDON,’ ‘TOTAL OPPOSITE’ HAPPENED
Fair enough, but…. under Obama the Dow Jones zoomed up about 200%. And under Trump? Well, as Mr. Trump so graciously points out himself, it is up about 34% since he won the election. Not bad, but far from Obama’s achievement.
The above applies to almost any measure. From unemployment to GDP Growth. Thanks to the FED and their insane monetary policy, of course.
Second, it is a well known fact among American Presidents to never take credit for the stock market’s boom. Why? Well, because one might have to deal with the consequences of a recession or god forbid, a market crash. Understandably, such a silly rule does not apply to Emperor Trump.
Trump takes credit for Dow 25,000, says ‘I guess our new number is 30,000’
- With the Dow breaking 25,000 for the first time, President Trump is hoping for even bigger gains.
- “What that means is that, whenever you see that number go up on Wall Street, it means jobs, it means success, it means 401(k)s are flourishing,” Trump tells reporters.
But, do you recall the following…..
Trump Praises the Stock Market at 22,000 That He Said Was a Bubble at 18,000
So, either President Trump is a mad genius, a complete fool or a liar. You decide. One thing is certain, it will be fun to revisit his tweets below in a few years.
Either way, if you would like to find out what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here
