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Is Trump manipulating the stock market for insider trading?

Discussion in 'American Politics' started by eclipsenow, Aug 9, 2020.

  1. eclipsenow

    eclipsenow God cares about his creation as well as us.

    +955
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    We teamed up with Faith Counseling. Can they help you today?
  2. DaisyDay

    DaisyDay blind squirrel

    +11,074
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    Probably not, but it would not surprise me if those around him take advantage.
     
  3. Pommer

    Pommer Autodidact polymath

    +2,248
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    US-Democrat
    The economy is increasingly becoming immune to the political realm, where, as in times past, they were in virtual lockstep.

    The Presidency is destined to be weakened by the Trump tenure, simply for the fact that nobody’s going to want to repeat this sort of “failure of governance” to occur again, any time soon.
     
  4. FireDragon76

    FireDragon76 contemplative humanist Supporter

    +11,970
    United States
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    Trump simply isn't that calculating, he's too impulsive and follows his instincts.

    My guess is there are just a few smart traders out there that know how to take adavantage of chaotic and unstable times.
     
  5. Kenny'sID

    Kenny'sID Well-Known Member Supporter

    +5,848
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    :doh:

    I say the dems should run with this one, it'll be great for their stellar image.
     
  6. disciple Clint

    disciple Clint Well-Known Member

    +1,749
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    Is there anything that someone cannot find someway to try to implicate Trump into some kind of illegal activity about?
     
  7. Kentonio

    Kentonio Well-Known Member

    +8,161
    France
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    Probably, and even more likely that his rich friends he spends endless hours calling each evening to discuss potential policy are making hay off the information he's giving them. If the president calls you at night and talks about his plans to do something tomorrow, its got to be extremely tempting to cash in on that information.
     
  8. essentialsaltes

    essentialsaltes Stranger in a Strange Land

    +14,841
    Atheist
    Legal Union (Other)
    Look at Kodak over the past couple weeks.

    Trading at $2-$3 a share. Then news of a $765,000,000 government deal breaks and it shoots up by a factor of 10. Now the deal's on hold and it's down double digits today and trading it was temporarily halted. Having advance knowledge could have made someone a fortune.

    The day before the deal was announced the stock jumped 25%, and saw 1,645,719 shares exchange hands, far surpassing the average daily trading volume of 236,479 for the year prior, according to data from FactSet.

    Seems like a lot of people had some advance knowledge.
     
  9. iluvatar5150

    iluvatar5150 Well-Known Member

    +15,812
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    Not only can he be that calculating, this wouldn't even be the first time:
    Trump might have reportedly illegally manipulated the market in the '80s
     
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