Was This a Trump and Dump?

in #economy5 years ago (edited)

the following is purely opinion and should be considered fake news.

Last week Trump warned Americans that if they don't re-elect him in November, then the stock market will crash like it never crashed before. Of course, is there anyone out there dumb enough to think he's actually in control?

Seems like the markets have decided to teach old Trump a lesson: "Pride goes before destruction, And a haughty spirit before a fall."

Over the past week We've watched Indexes around the world plummet as Wiley Coyote investors suddenly realized there was no ground underneath them. If you've read any of my past posts, you know that I was anticipating a February crash, but the speed that the markets have dropped is pretty shocking.

Looking at the Dow Jones in particular, the index has been bouncing off the 61% fib level, and if it closes below that level, then theres a good chance the index will keep falling. We'll just have to wait and see. There is literally nothing holding the markets up but the central banks, so be wary of bulls who are telling you to buy the dip.

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