Trump staking his presidency on a good stock market was once just an annoying tic (one he shares by many other politicians). But now there's a situation that makes it actively harmful.
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Due to some shrewd investment advice I bought the dip and am only down -6.8%. Thanks Larry!
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excited for the bottom to fall out and Trump to switch from "it's not a big problem, Dems are hoaxing it into a big deal" to "Dems let this happen to hurt me, all the disease started in blue cities/states"
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I've always said
@michaelbd was a smart guy. - Show replies
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I suspect it will at some point become a test of the proposition "there's too much liquidity in the markets to truly manipulate them at scale."
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You can mark each major reversal with whether Bernie just won something, Biden just won something, or someone just quit making it more likely that Bernie or Biden would win something. Virus my ass.
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oh but see step 2 is blaming democrats, canceling elections and claiming dictatorial emergency powers
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The strategy isn't working b/c it's the wrong strategy. Traders clearly don't believe his denials about the pandemic so you have pandemic fears and the prez is a lying incompetent fears.
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