Dec 6, 2018, 3:06 PM ET

President Trump loves to talk about the stock market — when it's doing well

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President Donald Trump is quick to take credit when the stock market is up. But when the market goes down, the usually talkative president grows silent on the topic.

In keeping with what is a trend, the president has not commented on the stock market since Tuesday's nosedive. The stock market was down nearly 800 points at the end of the day Tuesday, and markets were closed on Wednesday as the nation observed a day of mourning in honor of President George H.W. Bush.

By early afternoon Thursday, the Dow had recovered somewhat following a rough start to the day and was down 436 points.

PHOTO: President Donald Trump speaks during a meeting with German Chancellor Angela Merkel at the G20 leaders summit in Buenos Aires, Argentina, Dec. 1, 2018.Luisa Gonzalez/Reuters
President Donald Trump speaks during a meeting with German Chancellor Angela Merkel at the G20 leaders summit in Buenos Aires, Argentina, Dec. 1, 2018.

When the president has been eager to talk about the stock market over the last two years, it's usually been to frame gains on Wall Street as the successful results of his economic policies.

"The stock market is at an all-time high. The economy is booming, wages are rising, and more Americans are working today than ever before. Ever before," Trump told supporters at a campaign rally in Tennessee on Oct. 1.

Trump has frequently used the stock market as an indication of his success as president both at home and abroad.

“The stock market's way up. When I came into office the stock market was from a different planet, it's way up,” the president boasted on March 23.

He even went so far, on one occasion, to make the claim that the strong performance of the U.S. economy has contributed to Switzerland’s wealth.

“You have a lot of our stock in the United States, so I have helped to make Switzerland even richer, and I'm very happy about that,” he said in Davos on Jan. 26.

In addition to his many statements at both official and campaign events, Trump has tweeted extensively on the topic during the first two years of his presidency.

"The Stock Market just reached an All-Time High during my Administration for the 102nd Time, a presidential record, by far, for less than two years. So much potential as Trade and Military Deals are completed," he tweeted on Oct. 3.

"Longest bull run in the history of the stock market, congratulations America!" he boasted on Aug. 22.

"Business is looking better than ever with business enthusiasm at record levels. Stock Market at an all-time high. That doesn't just happen!" he tweeted earlier that month.

Indeed, it's a rare event that the president will tweet anything other than positive news regarding the stock market. One exception was a tweet he fired off as a warning to Democrats soon after they retook the House in the midterm elections.

"The prospect of Presidential Harassment by the Dems is causing the Stock Market big headaches!" Trump wrote, appearing to reference Democrats' support for the ongoing special counsel's investigation into his campaign.

He also repeatedly made the argument from the campaign stump this fall that a Democratic victory in the midterms would result in economic hardship.

"If Democrats take over Congress, the stock market will plummet. They will -- it will plummet. You know, there's a reason for it. Every day we hit new highs, new highs. I think we had 103 new highs. Think of it. All time. That means jobs. To a lot of people, it means great 401(k)s. It means great -- but to a lot of people, it means jobs. It's jobs," the president said at a rally in Rochester, Minnesota on Oct. 4.

But while the president has sought to shift blame to the opposing party, the new Democratically-controlled Congress does not begin until January.

On Tuesday, it was the president who sent jitters through stock market by expressing his doubts about the ongoing negotiations with China. He also declared that, should things not go as planned, he is “a Tariff Man.”

"The negotiations with China have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina," Trump tweeted.

"Bob Lighthizer will be working closely with Steve Mnuchin, Larry Kudlow, Wilbur Ross and Peter Navarro on seeing whether or not a REAL deal with China is actually possible. If it is, we will get it done. China is supposed to start buying Agricultural product and more immediately. President Xi and I want this deal to happen, and it probably will. But if not remember I am a Tariff Man," he added. "When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN."

Those tweets contributed to the sense of uncertainty among investors that was ultimately reflected in Tuesday's nosedive.

News - President Trump loves to talk about the stock market — when it's doing well

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CComments

  • Nala

    the entire world is correctly giving trump personal credit for this beginning of another world wide recession / depression

  • Sam Willughby

    this must be a leftist forum.

  • Hendrix27

    Individual1 is like the guy who likes to brag about his big win at the race track but not so much about the 20 times he lost before that.

  • Chuckie M

    How's your 401K's now Trumpets. Well at least you guys don't have very much in there yet, because all of you apparently just got jobs because of Donnie and discovered that new financial vehicle

  • lavendula38

    We have as potus a man who has declared bankruptcy several times, brags about not paying taxes, and doesn't pay his debts. A known financial crook. This person is now negotiating our trade deals with foreign countries. Expect our economy to take a big dump! A recession, if not a depression is where he will lead our country. The man is a walking time bomb! (when he walks, sits, or opens his mouth)

  • Band, On the Run

    For all those who criticize people here for mentioning Trump when the market dives: if he can take credit when it does well, the same goes for when it does poorly. What goes around comes around.

  • mtntrek3

    Trump and his admin have helped create new market bubbles through his tax breaks for the upper class and big corp's, along w/ deregulation of banks. When theses bubbles implode, it'll be worse than the '08 crash. He'll then blame it on others in various bs ways of course.

  • codobai

    the face of hypocrisy

  • THEFred

    It's simple. Trump tries to claim credit for anything good that happens, no matter how unrelated it is to his actions, and blames others for everything bad that happens, even when it's directly his fault.

    And somehow his brain-dead cultists immediately lap it up every time!

  • Esther Frost

    Donald, you're a total fruitloop! New dems don't start til January. Th ink it might be your tariffs?

  • Save America from Ourselves

    Let's put tRump's biggly brain and "smarter than everyone else" mentality in REAL FACTUAL TERMS:

    * Trade Deficit - Oct & Feb of 2018 recorded the highest and second highest deficit since Sep 2008 (GW Busch)
    * Tariffs - Bringing in billions of revenue (taxes), paid by importer (mostly US companies) with majority paid for by consumers NOT the exporter (China, etc.). How's that tax cut working out for the middle class?
    * Some farmers are struggling to survive do to tariffs.
    * Consumer costs are rising in some industries.
    * Healthcare costs continue to rise.
    * Pharmaceutical prices are skyrocketing.
    * Unemployment flattening (4.1 to 3.7 for the last 12 months)
    * Jobs creation slowing (last 22 months under Obama 4598, fist 22 months under tRump 4252)
    * Stock market volatility 23 months into term (Obama +44.7%, tRump +25.6%)
    * Approval rating - tRunp 42.1% (lower than ANY President since WWII, 23 month into term)

    Winning????

  • A Man Has No Name

    If this happened on Obama's watch, Trump would be screaming bloody murder!

  • Mike Kennedy

    "If it ain't broke, don't fix it" is a saying that Trump obviously does not follow. He has screwed up the markets so much with his actions, and his lies following his meeting with Xi caused a roller coaster effect this week. He keeps saying that "America is going to get rich" with his tariffs, but we consumers are the ones who are going to be hit with higher costs of so many things because of Trump's egotistical stupidity. He doesn't know or care what he is doing, and its impacts on the economy and the cost of living for millions of Americas. From his ivory tower, increased costs are no big deal.

  • snake

    Trump is a 72 year old demented geezer functioning at the level of a 10 year old. He takes credit for things that are going well and blames others for his failures.

  • allworld

    Why should anyone be surprised by this. Trump is a self absorbed piece of crap. His supporters are fools, world leaders know he is a liar and cannot be trusted. "Making America Great Again" is a ridiculous marketing slogan, which his supporters have swallowed, hook line and sinker. The GOP is trying to turn this country into some 3rd world republic, look at what their doing in Wisconsin and Michigan. The corruption in Florida and Georgia...........

  • Robert Earnest

    Big rebound this afternoon and I haven't heard a peep out of Trump. But you guys sure like hype the news when the market goes down; but not up.

  • John bailey

    This is why he is such a poor leader. You have to be able to deal with the good and the bad. Man should not be president.

  • hold-the-phone

    El Presidente*'s motto: "Take all credit, accept no blame."

  • chooch

    Trump's lie about a bigly deal with China has come home to roost.

  • beingcurious

    Surely it's about time for some Captains of corporate America to start calling for Trump's ouster.

  • David

    The leader should have just stated "Trump loves to talk". Nothing needed to follow.

  • inonepeice

    He rode on Obama's coattails for his first year and now that his ideas and polices are being put into place the wheels are starting to come off.

  • drathvedar

    Troll alert!

  • Laney D.

    Donald J. Trump as President...a Monumental joke.

  • OtherMrNiceGuy

    Whee!

  • Former Earthling

    This drop is all his making.

  • drathvedar

    Totally sickening.

  • David Caverlee

    Of course when it's doing well it's all about him. When it's not doing well it's everyone else's fault . . . Obama, Clinton, those Democrats.

  • Alex Ross

    The fake president MO:
    Taking credit for the good others do, and blaming other for his bad.

    That's what LIARS, cowards and creeps do.