Merry Christmas. Buy the Dip. Trump wants you to do what he says, not what he does.
“We have companies — the greatest in the world, and they’re doing really well,” Trump told reporters at the White House on Tuesday. “They have record kinds of numbers. So I think it’s a tremendous opportunity to buy. Really a great opportunity to buy.”
Trump Doesn’t Buy Stocks
Please consider this amusing Politifact flashback from September 15, 2016: Donald Trump says he doesn’t invest in the stock market.
Donald Trump raised eyebrows during an interview with CNBC when he said that Federal Reserve Board chair Janet Yellen — a Senate-confirmed appointee who is supposed to run the central bank independently — is “obviously political and doing what (President Barack) Obama wants her to do.”
Trump then suggested that the long, post-recession run of low interest rates, currently overseen by Yellen, is creating a “false market” with “essentially free” money.
“I don’t invest in the stock market,” Trump continued during the Sept. 12, 2016, interview. “And I think you saw the stocks I bought, and I bought a lot of stock, and I am not a stock market guy, and I bought it because I did not use borrowed money when I invested.”
This exchange was somewhat rambling — and the Trump campaign did not respond to a request to elaborate for this article — but Trump appears to be saying that he was once invested in the stock market but doesn’t do so today. When he says, “I don’t invest in the stock market,” he’s using the present tense.
Not a Stock Guy
Is trump a “stock guy” or not a stock guy? Or does he just want everyone else to be stock guys and gals.
Apparently he was once a stock guy as long as money was free, but then again, he was complaing about free money under Yellen, so why wan’t he a stock guy then?
No one really knows since he frequently talks nonsense while contradicting himself.
Amazingly, most of his supporters still cling to all this “art of the deal” nonsense. I voted for him, but I don’t.
Meanwhile, there’s something I forgot to say.
Mike “Mish” Shedlock
This article was originally published at Mish Talk.