Trump Promises Biblical Stock Market Crash If ‘Anyone But Him Takes Over’ America

Trump Promises Biblical Stock Market Crash If ‘Anyone But Him Takes Over’ America

On Saturday morning, Donald Trump put on his equity strategist hat and delivered a bold call on the S&P in 2021. Specifically, strategist Trump said that unless his president self is reelected, US stocks will suffer the worst crash in recorded history. Never one to shy away from bombast, the president claimed his economy continues to break records (he didn't specify what he meant by "records") and, notably, he didn't differentiate between candidates or even between parties, necessarily, wh
Subscribe or log in to read the rest of this content.

8 thoughts on “Trump Promises Biblical Stock Market Crash If ‘Anyone But Him Takes Over’ America

  1. It should also be noted that but for the purely mechanical effects of the tax cut, the S&P would be about flat since Trump was inaugurated. If you assume the tax cut did nothing for the economy so that the S&P’s before tax profits woudl have been the same with or without the tax cut, then the tax cut increased after tax profits by ~20%. Assuming the same multiplier on after tax profit translates into a 20% bump in the S&P. For a number of reasons the actual increase was probably not 20%, but even if it was half that, the S&P would be sitting at about 2600 on an apples to apples basis.

  2. Make no mistake, Trump is getting bolder about the idea of “taking over.” I would not be surprised if the 2020 election isn’t the dirtiest, scariest event in the memory of every living American and win or lose, his Heness will use the outcome as a pretext for doing just that. Trump has no plans for leaving the WH no matter what and there is no mechanism in our society for dealing with that eventuality.

  3. If it isn’t Biden, I mean, yeah, prolly. First off, healthcare and insurance stocks would suffer from fears of Medicare For All being implemented. Defense stocks would suffer because spending would have to come down from their current Republican fever dream highs. Telecoms would be dinged by a return to net neutrality. Tax cuts would be reversed, at a minimum, probably increased. The regulatory regime would return. Labor costs would almost certainly increase. Private prison stocks would get crushed. Alcohol and tobacco companies would suffer from increased competition from cannabis. Fossil fuel companies would sink on a Green New Deal agenda. And, of course, financial firms would scream if it was a Sanders or Warren Administration and probably outright pre-emptively revolt to scuttle their platform.

    1. The interesting thing about your list is that while those stocks would drop, life in our society would improve. That’s the fundamental question and debate: higher stock prices or a better life for everyone?

  4. I’d like trump to define biblical, because he doesn’t strike me as a chapter and verse type guy…I only say that since, if I fade trump, go short and the market does become unhinged in a “biblical” manner….it seems to me I win twice

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.