“ ‘When the so-called “rich guys” speak negatively about the market, you must always remember that some are betting big against it, and make a lot of money if it goes down. Then they go positive, get big publicity, and make it going up. They get you both ways. Barely legal?’ ”
iframe.twitter-tweet { width: 100% !important; } The 45th U.S. president’s comments come as the Dow Jones Industrial Average DJIA, -2.20%, the S&P 500 index SPX, -1.97%, and the Nasdaq Composite Index COMP, -1.92% are trading sharply lower as Wall Street attempts its own assessment of the prospects for the economy in the aftermath of the COVID-19 pandemic —the worst public-health disaster in more than century.
“The scope and speed of this downturn are without modern precedent, significantly worse than any recession since World War II,” Powell said in remarks to the Peterson Institute for International Economics. Still, equity markets, although they are down significantly from their February peaks, have rallied since hitting a low on March 23.
That’s what you get for listening to pundits — as you so often do
He wasn’t complaining about market shooters during the bull market. Why now?
I know Autozone was happy to use $1.5 Billion of their stimulus money to buy back their own shares..should of waited to buy back.
He’s right
Gee, so what is his motive in that tweet? Oh, maybe because he has a history of taking credit for the up moves in the mkt. So, when reality hits & mkt corrects there goes his stump. Reality is u cannot have it both ways!
Another ridiculous tweet by the president;
Increase GDP and the market will fix itself.
Yeah when they deliver a grim outlook because they bet against the market then make huge profits when it falls because of their comments.