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The plummeting Dow teaches Trump about the folly of bragging on a stock market rise [Los Angeles Times (CA)]

JP MORGAN CHASE (JPM)  More Company Research Source: Los Angeles Times
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PDF The plummeting Dow teaches Trump about the folly of bragging on a stock market rise President Trump may have been unaware of this, but there’s a reason that smart presidents steer clear of boasting about stock market returns during their tenures: It’s because the stock market has a way of biting braggarts in their most tender spots. For Trump, that spot is his amour-propre. On Wednesday, the stock market took dead aim on that spot and took out a healthy chunk. The Dow Jones Industrial Average gave up 831.83 points, or 3.15%, for its worst day since Feb. 8. The other two major indexes were right down there with it: The S&P 500 index fell 3.29% and the Nasdaq fell 4.08%. Normally, few people would attribute this sort of record to the actions of a U.S. President, since the stock market’s ups and down are governed by myriad factors, of which Presidential policy is among the most insignificant. The reason our stock market is so successful is because of me. But Trump has made the stock mark [Read more]

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