In a tweet, President 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 supposedly manipulating the stock market by making strong statements. "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 tweeted. "Then they go positive, get big publicity, and make it going up. They get you both ways. Barely legal?"
Beware of the DMB’s “Doom Monger Billionaires” !
The Billionaires are “Doom Mongers”, they want the market to go down so they buy. Then they laugh at all those poor people selling in a panic. They go silent, then smart people say now’s time to go back in market. Billionaires laugh again as their stocks go up making millions.
Running the US economy like his Atlantic City Hotels
He’s not wrong a lot of wealthy short sellers are using their platform to drive down sentiment for stocks they have a position in
Ohh you mean the same thing that trump does?! When he sends out tweets trying to move the market
He's right, and he needs to take action to ban the practice of 'shorting' the markets. Or atleast, give it to bookmakers unrelated to stock market.
It’s a buying opportunity
They manipulate the markets all the time. Upgrades and downgrades are just one of the ways. If you want to fix that problem, STOP 🛑 listening to their advice!!! Do your own research...
Which is 'obviously worse' than trading on inside information?
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Right, the 'Rich Guys' should all just lie about market conditions like you do about COVID-19 Testing bakeracttrump
Heck yes. Traders love the volatility. They're making a fortune off this market.
JavierSotoTV realdonaldtrump is an idiot
Davidlaz Says they guy charged with protecting lives while tweeting the opening of his Los Angeles golf course
It's insurance✔ in case of a crash he has a scapegoat ready in the wings.
He would know. He's been manipulating the market the entire time.
Trump has been doing this since day 1
Absolutely true! Remember the Ackmann hack on the market that CNBC allowed to go on for a solid 30 minutes: complicit you were
It’s called trading dipshit
Isn't that what he claims to be (yet to be proven) and doesn't he use his platform to speak of the market and Fed to try to get the results he wants? Enough hypocrisy already. DumpTrump
What would Genius think when he went bankrupt?
you are a big manipulator
He’s a salesman giving you some good advice, the motives of the person selling you something is not always altruistic; that includes stock touts, FBI directors, reporters, academics, politicians, etc. Healthy skepticism’s a good trait for healthy societies.
Um, mirror much? 😂
thanks wack jobs for electing a conspiracy theorist
Prevent short selling, problem solved.
He watches the market more closely than most trading desks
Pot calling the kettle...
Agree, SquawkCNBC in love with WarrenBuffet. Read biography, don't listen to Buffet, formula known, execution impossible: become the expert in a field, sell your expertise better than anyone else, risk bankruptcy, use OPM whenever possible, buy equities when others afraid.
isn't it so, that the king of stocks sees a real danger, that those who bet on a really heavy price collapse could be successful ? otherwise you don't write something like that :-)
Elon ? 🤐
Complaining about market manipulation from the biggest manipulator
Broken clock and all.... *cuckoo clock, to be specific)
David Tepper says this is the second-most overvalued stock market he's ever seen behind only '99 realDonaldTrump MarkDice TeamTrump
But let’s not forget it’s also exactly true that this market is artificially being held up. Trillions of dollars so far just this year
There has to be a seller.
I remember the good 'ole days when I sold the market short about an hour before George W was scheduled to speak during 2008-2009. It was free money, everytime.
So he was watching CNBC Squawk Box this morning. Then it's Fox&Friends then Morning Joe and CNBC during makeup then nothing until; 4:00 PM 'The President meets with the Governor of Colorado and the Governor of North Dakota' See schedule daily at;
When you have Hedge Fend Billionaires on you have to take everything they say with a grain of salt. Why would a Billionaire show you his hand in a game of poker? I think realDonaldTrump is right to question them. Now someone like David Tepper was able to turn past predictions...
Hypocrite realDonaldTrump. Not surprising. Hey, where are all of the promised tests? Oh, you lied? Again?
the share prices are much too high. a 50-60% correction is completely appropriate. the recovery of the prices should then also take several years. completely crazy the pushing of the prices in the last time...
I love this. Trump is warning against shady Short Sellers and Market Manipulation. 🚀🚀🚀
It’s ok to manipulate the market as long as it’s in your favor amirite?
The walls are caving in on the man!!
Parapraxis?
True....Drive the market down and buy. That one of the oldest tricks in the book.
ItsTrue I've made money betting against the market on multiple occasions.
A tiny bit hypocritical there Trump.
Any excuse for the reason it’s not climbing higher
Says the guy who continually manipulates the markets via tweets
I think Mr. President staff must be giving him daily updates and briefs from 'The Atlantis Report' 😉 Universal Basic Income & The Nationalizing Of Everything As Unemployment Goes Astronomical !!
Laughable
Lmaooooooooooooo
Business is business 😎✌️
He has gassed the market for pump and dumps at the beginning of the pandemic.
Oh isn’t that convenient? He wasn’t saying anything when the FED was the one keeping the markets up.
Yes. This is true. Also, insider trading or at least insider 'tips'.
I agree when they using CNBC to manipulate the market
Projection.
Bitcoin $BTC 🚀🚀🚀 MARA only 8 million float 📈📈
Well yeah, that is how the market works. If you know how to play it you can make money when it is up and when it is down. People should really learn how to play the market.