Covfefe: Picks You Up And Sells You Down

It picks you up, while putting you down.

We’re not making this up: A new economic indicator, the The Volfefe Index, is named after Prznint Stupid’s infamous covfefe tweet.

JPMorgan Chase has a serious index to measure the impact of President Donald Trump’s tweets on financial markets.

“We find strong evidence that tweets have increasingly moved U.S. rates markets immediately after publication.”

Oh, Jeebus, we’re eff’ed in the dark!

Those days that Trump tweets frequently—more than his abnormal rate—have also been linked to negative stock market returns, according to Bank of America Merrill Lynch.

So the next time you wonder why people are paying excessive attention  to this moron’s tweeting, it’s not always just because he’s insane. It’s because he’s insane and messing up the markets.

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10 Responses to Covfefe: Picks You Up And Sells You Down

  1. ming says:

    I’d stay away from that Trump roast. It just makes me edgy and gives me the shits.

    Liked by 1 person

  2. Steve-O says:

    You know this will just inflate the orange one’s already over-inflated ego, believing that he can move the markets with a few strokes of his tiny thumbs.

    Like

  3. YellowDog says:

    What if there is a method to his insanity–helping his buddies short the markets? We already know there is no bottom to his corruption, nor the corruption of his cronies.

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    • tengrain says:

      Yellowdog –

      A) He has no friends and 2) what’s in it for him?

      #2 is his only concern.

      Rgds,

      TG

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      • It’s because he’s insane and messing up manipulating the markets.

        FTFY, TG. He doesn’t have to be smart enough to do it; just whoever’s getting his ear late night and instigating the ranting.

        SOMEone’s gotta be following the fucking money here…

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      • YellowDog says:

        III. He has no friends in the way normal people understand friendship. In his transactional world, buddies and cronies are to be used (as long as they remain useful).
        d. Have we learned nothing from all the reports of money laundering at his properties, foreign officials spending big bucks at his D.C. hotel, or of his use of the Air Force to prop up a failing airport his Irish property desperately needs to remain viable as a destination? There are many ways for him to benefit without a direct cash payment.

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  4. Dennis Cole says:

    Another thing I’ve noticed is that whenever the Dow is doing good, it’s totally due to Drumph’s business acumen, and his “strong” economic policies. (He’s also “strong” on the Border, and “strong” on the military, but that’s a discussion best left for another day.)
    But! One little stumble, or a great big tumble, and it’s “all Jerome’s fault…..where the hell did I get this guy?” Or it’s the media’s fault, or it can be traced back to Obama’s “failed economic policies,” or even Hillary now and then.

    And of course this pertains to all his other endeavors – when it’s a win, it’s all him, but when things are not going so good, then there are plenty of miscreants to pin the blame on. I wish we could “Martha Stewart” him.

    Like

    • Or when he starts going on and on about the “Strong Dollar” and how we absolutely have the strongest currency, and the Dollar is So Strong abroad….because Strong is good…..and the US exports crater because our goods are so much more expensive.

      I’m beginning to wonder if this “democracy” thing is all it’s cracked up to be because it keeps sticking absolute fucking morons in charge of shit…

      Liked by 1 person

  5. w3ski4me says:

    We need to compare his Market affecting tweets with his actual brokerage activity. I would be surprised if there wasn’t an obvious correlation there.
    w3ski

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  6. MDavis says:

    Just another reason that Twitter is failing their ethical dutes by not shutting this asshole down.

    Like

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