Trump Now Live-Tweeting The Market: "Record High For S&P 500":

Tyler Durden's picture

Apparently, having nothing else to comment on this morning, moments ago the president tweeted that as of this moment, the S&P just hit its latest, 40th YTD, all time high in 2017.

"RECORD HIGH FOR S & P 500!"

Putting this declaration in context, in April 2016, Trump was feeling increasingly bearish about stocks. He told The Washington Post that they were overvalued and that the strong data that showed a healthy economy were essentially phony.

“I think we’re sitting on an economic bubble. A financial bubble,” Mr. Trump said.

By September, he was arguing that the Federal Reserve was propping up a “false economy” that is actually weak.

“The only thing that is strong is the artificial stock market,” Mr. Trump told Reuters.

Trump saved his most brutal assessment of the stock market, and the economy, for his first presidential debate with Hillary Clinton. In response to her criticism of his economic proposals, he said that the recovery was the worst since the Great Depression and that it would come crashing down the moment that interest rates rise.

“The only thing that looks good is the stock market, but if you raise interest rates even a little bit, that’s going to come crashing down,” Mr. Trump said. “We are in a big, fat, ugly bubble.

Somehow we doubt there will be similar presidential enthusiasm on the way down.

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spastic_colon's picture

he is short the ES obviously..............

abyssinian's picture

Trump is a freaking clown! but still better than Hillary! :)

VD's picture

trump will be the bagholder of the biggest crash ever.

1835jackson's picture

Yup - and just in time to short the vix.

giovanni_f's picture

Donald Trump makes the PPT dispensable. Lifts the dollar above support with a tweet/day. Genius. Dotard come, Dotard see, Dotard  do.

HillaryOdor's picture

I can't wait to see the market turn around.  I hope it happens when Trump is in.  I'd like to see the excuses after he keeps taking credit for everything, as if the mere presence of his awesomeness just brought the stock market up.

skbull44's picture

He will be sure to point the finger at someone/something else. The political class never looks in the mirror...perhaps he will suddenly jump on the 'Russia did it' bandwagon.

 

https://olduvai.ca

thesonandheir's picture

Trump knows the whole shitshow is a bubble but someone from the Fed has clearly tapped him on the shoulder and explained how bad things are. Why the CBs are pumping liquidity in ten years after the crisis.

 

His best bet for 2020 was getting a quick recession out of the way in the first year.

HillaryOdor's picture

Quick recession?  I don't think that's going to happen.

lester1's picture

Nope. There won't be any crash. The Fed won't allow it and will literally buy up everything to keep markets propped up.

No way the Fed will allow the asset prices of their wealthy elite masters to crashh!

Pollygotacracker's picture

Dumb. Why didn't the Fed prevent all the other crashes? (crickets)

Haus-Targaryen's picture

Because the previous crashes (save for 2008) didn't pose an existential threat to our financial and monetary system. 

The 2008 crash DID pose a existential threat to the system, and thus the various CBs did step in and start buying everything. 

The big 6 CBs of the world are taking turns in devaluing so as to mask the FX effects of doing so and basically shutting off the exits for institutional (smart) money. 

If there was a single major currency that wasn't doing the exact same thing; all the smart money would be piling in there and selling other currencies. 

Giant Meteor's picture

Yes indeed. Apparently they looked into the abyss and weren't diggin it ..

Tanks in the street by mornin , Hank Paulson ..

Shit was gettin serious ,,

So lyin, war mongering, and statistcal fuckery it is, farrrrrr as the eye can see,

What folks have to realize is none of it is real, real, which, explains much in the daily asshattery department, ministry of truth.

They must have figured gee willikers, one more of these might bring the whole starship down ..

So they lie.

Lying is the norm ..

THe American way of life (and government pensions) rely upon it ..

Solio's picture

Oh my, the starship was never up!

 

 

 

Instead, the curtin came down.

rex-lacrymarum's picture

You make a very good point indeed.  But I still think they have far less "control" than people seem to believe. I say this because I read their papers and carefully listen to their speeches, and have concluded they are complete dunderheads. They have huge power, and the coordination you mention (currency deval merry-go-round) very likely does exist imo. But their co-conspirators are dunderheads as well.

You will know when the moment comes when everyone can clearly see that they are groping in the dark again.  I looked at Bernanke closely and listened closely to him, before, during and after the GFC... and I think he still doesn't really know what happened - i.e., he doesn't understand it on a very fundamental level. He may say otherwise, but I think he doesn't even know if what he did actually did something, and what that something actually was. Nor does he know what happened to it... and what destruction it has wrought behind the facade of the latest "everything's under control" Potemkin village. 

syzygysus's picture

Nope.  It'll keep crashing up.  All that inflation goes right in the market.  See Venezuela chart for examples.

The Greek horse's picture

Exactly! TRUMP better stop getting credit for the parabolic rise of the stock market. What happens when it crashes? he setting himself for failure. 

Byte Me's picture

"Trump is a freaking clown! but still better than Hillary! :)"

Absolutely!!

But Trump is just the ticket and EXACTLY what the USA has NEEDED since the advent of commercial television in the 50s.

[BTW, he knows exactly what the score is, is giving great entertainment value (because...), and is quite aware of being "boxed in." Enjoy it. Revel in it even. Hope for another seven years of it, because ALL of the alternatives were terrifying.]

 

Bes's picture

that's a pretty fucking low bar

fucking pathetic trumpflakes around here

Juggernaut x2's picture

It is depressing that the "at least he's not..." is what passes for political discourse in the US

Giant Meteor's picture

The lesser of two boll weevils ..

IronSights on'um's picture

Que the crash Monday.  No better time than now.

truthseeker69's picture

> Presidential Candidate Trump: "The stock market is a bubble"

> President Trump: "My Wonderful Stock Market!"

> Trumpsters: "69D-Chess"

#cucks #InCentralBankingWeTrust

1stepcloser's picture

You're gonna own the future shit show Donald

MacGruber's picture

Of course this is the antithesis of "it's Bush's fault". This dickhead is more than happy to claim responsibility for something he had nothing to do with, this was all hatched over the last 8 years. It's a rigged market but amazing how stupid the populace is about cause and effect.

MacGruber's picture

Of course this is the antithesis of "it's Bush's fault". This dickhead is more than happy to claim responsibility for something he had nothing to do with, this was all hatched over the last 8 years. It's a rigged market but amazing how stupid the populace is about cause and effect.

Pollygotacracker's picture

Nixon bought into Vietnam...Trump will own the stock market. Some people never learn.

ebworthen's picture

That is a poor decision Mr. President, the stock "market" has nothing to do with the Middle Class (other than an avenue of theft and skullduggery for Wall Street).

lester1's picture

I was told by an insider friend at the white house that Trump cut a deal with the Federal Reserve for them to keep manipulating markets higher, in exchange for keeping that globalist Gary Cohn on as an economic advisor and writing his tax proposal.

1stepcloser's picture

I was told by a non insider everything is awesome

lester1's picture

Think about it.. Gary Cohn threw Trump under the bus over Charlottesville and he still kept his job. Bannon barely said anything negative and was fired.

FreeShitter's picture

GS and the rest of financial jooz own trump just like they have owned every puppet since JFK, the sooner you figure this out the better prepared you will be. BTW voting solves nothing but to keep you economically in chains.

FreeShitter's picture

Ameridumbs keep voting instead of revolting....you know that sort of thing.

small axe's picture

I wonder if Jared or Ivanka made any money on daddy's tweet

Falconsixone's picture

Bubble with 4% unemployment?

 

Giant Meteor's picture

Hmmmm , that seems a little low ..

Doom and Dust's picture

Donald, an inconsistent prick who says and tweets whatever comes up in his tiny brain just to stroke his massive ego?

Well that ruined my day.

lester1's picture

You will be suicidal when he wins re-election in 2020?

Dutch1206's picture

Doubt he'll win in 2020.  He'll most likely end up in a situation like Bush Sr.  He's going to take the brunt of the inevitable economic collapse and when all those middle class people he was supposedly going to help out can't find work again...he'll be the one getting the shit.  Social issues won't win you an election if your constituency went into the poor house on your watch.

He's stupid for even taking credit for the stock market because now he'll have to own the collapse.

lester1's picture

Bush Sr would have easily won re-election if it weren't for 3rd party Ross Perot.

Dutch1206's picture

...and 7% unemployment at the end of his term

GRDguy's picture

Is Trump tryin' to emulate Venezuela?

52wk range: 12,728.80 - 478,612.38

https://www.bloomberg.com/quote/IBVC:IND

NickPeeMe's picture

Tweets from twats!

giovanni_f's picture

Trumps presidency has finally degenrated into a daily dotard show. 

Falconsixone's picture

yeah nk is still asleep.....

Ricki13th's picture

Hate to see his tweets when the markets fall (Which it will). Will he threaten people who sells stocks? Think about!

my new username's picture

You want him to talk it down?
Yellen will kill it, and she will carry the can.
Trump did not blow this bubble - Obama/Yellen/Bernanke did. He is preventing an implosion.
The world and his dog said it would burst when Trump took office. Wrong.
Now they want it to burst, just like they want Russia to be found red handed, just like they want Hillary in the White House.

Dutch1206's picture

He'd be wiser to not talk about it at all.  Unfortuantely for him, it's the only piece of "good" news he can claim.  

And if the economy goes into the tank, do you actually think your average Trump supporter will even be smart enough to know who created the bubble?  Go down to the red states and start talking about quantitative easing, operation twist, and bond yields.  I'm sure that conversation will end pretty quickly.  

 

Giant Meteor's picture

It's only an economic bubble when the other guy is sitting on it .