In a tweet on Wednesday, President Donald Trump said to be wary of "rich guys" using their platform to comment negatively about stocks, when they tend to profit from betting against the market.
U.S. President Donald Trump speaks during a press briefing in the Rose Garden of the White House in Washington, D.C., on Monday, May 11, 2020.President Donald Trump pointed the finger at wealthy investors for manipulating the stock market by making strong statements publicly. "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," Trump said in a tweet. "Then they go positive, get big publicity, and make it going up. They get you both ways. Barely legal?"
"The risk-reward for equity is maybe as bad as I've seen it in my career," Druckemiller told the Economic Club of New York. "The wild card here is the Fed can always step up their purchases."said he thought the market was overreacting to news of progress on antiviral drugs, such as Gilead's remdesivir.
That's the problem with everything, rich idiots are running everything into the ground starting with the mother of all village idiots, our fearless leader. What a joke of leadership. Did his grandfather captain the Titanic as well?
You see it too? I saw the S&P dropping by yesterday as well. Someone mad a couple million off both $spy and $vix. Call them greedy and deceptive.
Just like he's talking it up to do the same? Guys on drugs
The blame game!!!
Lmfao
Those rich guys know he is an idiot and that “Everything Trump Touches Dies”. ETTD TrumpDepression TrumpGenocide
That's the ONLY way the dems have a slight chance if winning in November is to crash the economy. Notice it's JUST dem states that are closed?
realDonaldTrump Again you are 100% right...I know for sure now that you are of us, a true Libertarian. I feel guilty now, because I didn't vote for you, however I will in November. Viva Trump, Hispanics love you!
NO DOIBT ABOUT IT! They need to be transparent about their positions
It’s machines running this now . Harder to figure each day . Up and down going to happen for the near future .
Pot calling the kettle black
Isn’t this an open “secret “? No one is fooled!
I'm not going to take the blaim for the market crash that I know is comming. Quick who can I blaim?. SHORT SELLING RICH GUYS!!!!! People people! Watch out for the evil short selling rich guys ~ trumps mind
Lol! They are talking down stock market because they should be crashing right now but the Fed Put is exciting.
Market warns the world Trump could be taking down the stock market because of his incompetence.
And that includes himself!
Let’s not forget Trump manipulating the market last year when the trade deal was being negotiated.
wow and this is supposed to be something new ? It happens all the time and Trump is telling us as it's a secret... haha okay
Just like him?he manipulates the market the most so he profits. .
Maybe a rich guy will buy this house:
This has always been the case, no new news here. Trump has prob profited many times on this strategy as well. Don’t be fooled
Why not? They have taken dow the American worker for years
Because that’s what Trump does.
“You’re black!” Said the pot to the kettle
Duh! It’s called market manipulation. Panic the market, buy up stock which raises share price, then sell. Which in turn will cause panic.... it’s a cycle of cash flow in a down market. The Securities and Exchange Commission is supposed to regulate that, but you know how that goes
Ya don't say🐻⌚🔜
As opposed to talking it up to steal retirement funds and grow the Wealth Gap. Trump is a fraud.
Losing a lot of money
I think so.
He's not talking about himself because he's not actually rich.
How can I talk down the stock market?
Don. Stop tweeting please. The market is overvalued by any measure given zero guidance, current Corona state, economic conditions. They are taking profits from the irrational exuberance.
He is pissed because he is leveraged up to his Fiberglass Hair and can’t get in right now. He always believes he deserves a cut.
Or caused by a devastating economic depression level calamity caused by presidential denials and deflection of Covid-19, leading to 80k+ Americans dead and counting
What’s the difference then when you tweet about or send one of your 🤡 talk about China trade deal?
😂😂😂
It's really simple. Do the math. Stocks are overpriced
I don’t wanna watch young low IQ level reporters trying to earn their raises by trying get into sparring matches with the president I’d rather listen what he has to say for info no time to listen to these idiots with stupid questions he did the right thing
Exactly! Right on target! No doubt
Donnie Trump Stock Market Show... Today Donnie talks about Rich Guys...
Didn't he claim himself 'Rich' a few years ago?
Wow he finally said something sensible.
Trump, the enemy of free markets. Will seriously do ANYTHING to prop stocks up. He would turn the USA into a barren wasteland filled with zombies before he’d allow the stock market to be at reasonable valuation
OMG
Well I'm not a rich guy but I do know when a market is overbought...Fed juicing wall street as corporate Q1 & Q2 reports anemic. 30M unemployed and no more stimulus on the horizon and Capex spending cut to the bone. Yeah, I'm not expecting Dow 30K for a few years.
all the more reason to see the trumpGateTaxReturns. he probably owns their stock & benefits greatly from the ups & downs. it's like a game of who can shake & sway the markets harder; elonmusk or realDonaldTrump? then they do it punitively! whatAShow
That sorry a$$ ackman did it already this year. Anyone remember 'Hell is coming'? Then he states he's been buying stocks to the gain of billions!
Be wary of “rich guy” pushing negative interest rates. They tend to own real estate and carry large debt.
justin37087798 What's new?
Watch out rich guys on Wall Street can take you down.
There’s a rich guy with $6T trying to make the market go higher His name is Jerome Powell 😉
هههه قديمة سيدي الريس نعيش بالقوة والزيت
hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
Very true
Glad he's not a rich guy. Gives him more credibility.
Well ya think guy. You come up with that all on your own?!
Oh, that's hilarious. If anyone is trying to scam something, it is realDonaldTrump. He is the king of the scammers.
Floating another conspiracy? Or tattling on his Mar A Lago pals?
If Trump says it then we know it is either a lie or distraction. Period. TrumpLiesPeopleDie
Why not dummy? They fool the market to rip the profits and invest overseas because the US market is saturated with trump's crooked ideas.
Reality is talking the market down.
Guy is trying anything to prop up the bullshit market. Unbelievable
Trump would recognize a con happening
so, what will you do 'rich guy'? this dude is warning you. You don't follow the rules, you dead Bitcoin fixes this
He’s not wrong. Do your guests all disclose their positions?
The game is the game. Why Is Trump snitching?
Why do you report every raving of this maniac as if anybody outside his base actually cares
He loaded calls and it isn't working. His tweets have become less and less effective as his cult finally discover everything out of his fat mouth is a lie! LyingKing
Didn't he 'write' a book about doing this?
Loser. Lost more money than any other taxpayer in the US. Gold plated loser. Remember he is a pretty smart guy.
Trump warns himself
A self proclaimed 'rich guy' is talking up the market because he knows he has nothing else to show for.
Me thinks CNBC is on the wrong side of the trade
You mean the economy going to hell is not the reason?
Fed manipulation before buying equities.
Lui même aussi pour Trump
Market manipulation. Trump does this continuously.
these rich guys are your friends
So, no care about deaths or infection or vaccines. It’s always about money and himself.
100%.
'Rich guys' are really messing up the stock market right now. There are many issues, manipulation is one of them, but the most egregious one is that the DOW is worth more now than before the crisis.
Of course they do. Why wouldn't they?
He's talking about Bill Ackman.
Trump is a nothing President has not accomplished = 0 accomplishments. You are FIRED
aaannnddd PERMABULLSHIT from you charlatans and tw-t Trump The stock market has rallied because he is pumping it up (counter to him being President) and ably assisted by his puppet Powell and the FED criminality of the last decade
Selling short should not be illegal, you can make a lot of money but you can lose even more.
Not lying either. Didn’t some guy get on CNBC and cry about hell is coming only to find out he made millions scaring the market? Smh