To kick off the week, the stock market had it's biggest one-day drop in history. After initially staying silent, Donald Trump has decided to give his thoughts but left many confused in the process.
Trump on market
Despite all the scandals and controversies hanging over the White House, Donald Trump has done his best to deflect to the current state of the economy in an attempt to paint a brighter picture of his administration. With the stock market performing well and unemployment remaining low, Trump's fallback position has been to cite the positive news when faced with criticism.
However, the market has recently taken a hit, including the Dow Jones industrial average dropping 1,175 points this past Monday in the largest single-day drop in history.
In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!
— Donald J. Trump (@realDonaldTrump) February 7, 2018
Over the last week, Donald Trump has not addressed the issue, but finally gave his thoughts with a tweet on February 7. "In the 'old days,' when good news was reported, the Stock Market would go up," Trump tweeted out. "Today, when good news is reported, the Stock Market goes down," he wrote, before adding, "Big mistake, and we have so much good (great) news about the economy!"
The Dow suffered its biggest one-day point drop in history today, plunging 1,175 points:https://t.co/sY2qaT8E5C
— WGRZ (@WGRZ) February 6, 2018
Trump's tweet left many confused as they didn't understand the details of the message about why the stock market goes up and down based on news reports.
As expected, the reaction to the president's message didn't go over well on social media and those who oppose the current commander in chief made sure to fire back.
Quick reaction
After finally breaking his silence of the drop in the stock market, critics of the president wasted no time firing back. "It's funny that you take credit when the market is going up, but when it goes down, you blame the stock market itself," one tweet pointed out.
He's a nitwit.
— Laura (@Beulahmo) February 7, 2018
It's funny that you take credit when the market is going up, but when it goes down, you blame the stock market itself.
— Ed Krassenstein (@EdKrassen) February 7, 2018
"What...That made even less sense that usual. You may be having a stoke, you should get checked," one tweet read.
"Is that why you had to rob the elderly of their retirement funds?" a tweet added. "lol what," Calvin Stowell wondered. "What does this even mean ... buddy, you're losing it," a social media user went on to write about the tweet.
What does this even mean ... buddy, you're losing it
— Emmy Nesco (@emmyemmybobemmy) February 7, 2018
It’s absolutely stunning how much about everything you’re wrong on.
— Mark Jacobs (@zoswizard) February 7, 2018
what good news 15 million that u raped of their healthcare selling homes, going into debt to take care of their love ones?
— JOSEPH ESTEVES (@JOSEPHESTEVES3) February 7, 2018
"In the old days, we had a president who was a leader, not a creepy tweeter," yet another tweet added.
"What good news 15 million that u rap*d of their healthcare selling homes, going into debt to take care of their love ones?" an additional tweet read. "You make every investor so nervous though. It might have something to do with you being a total fuc*ing Sh*tShow," a Twitter user wrote.
