Dow Jones Hits 20,000: Break Out The Bubbly!
Regarding the stock market, compare Candidate Trump’s statements with President Trump’s statements.
“If rates go up, you’re going to see something that’s not pretty,” the billionaire businessman told Fox News during a Tuesday morning phone interview. “It’s all a big bubble.”
Candidate Trump’s statements in Presidential Debate on September 26, 2016, when the Dow closed at 18,094:
“Now, look, we have the worst revival of an economy since the Great Depression. And believe me: We’re in a bubble right now. And the only thing that looks good is the stock market, but if you raise interest rates even a little bit, that’s going to come crashing down. We are in a big, fat, ugly bubble. “
MUIR: The Dow hit 20,000 today.
TRUMP: Right, I’m very proud of that, very proud of that…. And the Dow…just hit 20,000, first time in history. I’m very proud of that. Now, we have to go up, up, up. We don’t want it to stay there.
MUIR: That’s the challenge, Mr. President.
TRUMP: That’s going be the challenge. But it’s gone up a lot since I won…. And it was a steady climb. And now we just hit a record and a number that’s never been hit before. So I was very honored by that.