Trump Has Some Thoughts on the Stock Market That I Don’t Understand

The president doesn’t seem to know how the markets function.

Melanie Bell/ZUMA

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President Donald Trump on Wednesday offered his first take on the recent turmoil on Wall Street, sending out a perplexing tweet that appeared to imply that investors (maybe) or the markets themselves (maybe) were willfully ignoring the positive economic news for which he frequently takes credit.

The tweet is the president’s first public reference to the Dow’s dramatic plunge of more than 1,000 points Monday. The drop, which followed major losses over the preceding week, happened to come as Trump was in Ohio delivering a speech touting the country’s economic health. 

Trump’s thoughts on the stock market Wednesday mark a sharp break from the president’s habit of boasting about rising stock prices. The tweet drew ridicule on social media:

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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