Punch-drunk traders stop guessing as Trump runs market ragged
“‘I nailed that,’ is what everyone wants to say. They didn’t. Humans and robots alike are trapped in a torrent of tweets.”
USAGOLD note: It is interesting and a bit disconcerting to see how easily the President can move the markets with a series tweets – first in one direction and then the other. And even more disconcerting to think how fragile the markets that they can be so readily influenced. The first Roosevelt had his bully pulpit. The second his fireside chats. Trump has his tweets. All no doubt moved or move markets, but today it can be one thing in the morning and another in the afternoon.
Repost from 5-13-2019
New post 5-14-2019
Cramer: ‘I don’t trust this market at all’ because it’s so dependent on Trump tweets
“CNBC’s Jim Cramer voiced concern about the staying power of the stock market’s bounce Tuesday morning following President Donald Trump’s latest tweetstorm on China trade and Monday’s sharp decline. ‘I don’t trust this market at all,’ warned Cramer on ‘Squawk on the Street’ . . . “