President Donald Trump
Warned Ahead of the 2020 election, I predicted that the stock market would crash if Joe Biden and Kamala Harris were given the opportunity to lead the country. Because the crash didn’t happen right away, Liberal Media They dismissed his warning as politically charged nonsense.
Earlier this year, President Trump warned that markets would face problems under a Harris-Biden administration, and again
Ridiculed Like Cassandra from Greek legend.
Sam Stovall, chief investment strategist at CFRA Research, was among the many who ignored Trump’s pessimism.
tell CNN, “Fear sells”
The X account, now representing the Harris campaign, shared the post in May.
to ridicule Trump’s warning. President Joe Biden reshared the post with a meme implying Trump is a loser.
Months later, it became clear that Trump’s concerns, though premature, were legitimate.
a
Labor Department’s Employment Report is Dismal It landed on Friday, raising fears of a recession and sparking a stock market sell-off. Amid Friday’s sharp drop in US markets, President Trump responded with Truth Social. write“Kamaranomics.”
“Obviously, the market is down a lot. Kamala’s in even worse shape than Crooked Joe.”
The market plunged again on Monday morning. Blaze News reported that the Dow Jones Industrial Average opened down more than 1,000 points and was trading down about -2.6% overall as of mid-morning. Tech-heavy stocks were the biggest driver. NasdaqMeanwhile, it fell by more than 560 points, or 3.36 percent.
Chicago Board Options Exchange
Volatility Index The VIX index, which reflects market expectations about the relative strength of short-term price movements in the S&P 500 index, has risen 170% since Friday and is on track to be its biggest one-day gain on record. according to To Reuters.
Trump wasted no time in turning his warning into a condemnation.
“The stock market is crashing, employment is terrible, we’re heading for World War III, and we have two of the most incompetent ‘leaders’ in history. This is not good!” Trump
I have written At Truth Social.
Trump later
I have written“Of course the market is down big time. Kamala is even worse than Crooked Joe. The market will never accept a radical left wing lunatic who destroyed San Francisco and all of California. Next move is Great Depression in 2024! You can’t play with the market. KAMALA CRASH!!!”
Having settled on a clearly alliterative insult, Trump appeared again on Truth Social,
write“Voters have a choice: Trump prosperity or Kamala’s downfall and a global depression in 2024. And not to mention the possibility of World War III if these very stupid people stay in power. Remember, Trump was right about everything!!!”
Sen. J.D. Vance (R-Ohio), Trump’s running mate,
Taken He pointed out to Mr. X that this “moment could cause real economic disaster around the world. This requires the kind of stable leadership that President Trump has shown for four years. Kamala Harris is afraid to answer questions from the media and cannot lead us through these difficult times.”
Instead of acknowledging the market debacle, Democrats chose to celebrate Harris’ record on Monday. Praise She and her former vice presidential nominee have delivered “the greatest economic revival of any administration.”
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