stock market Archives

Fart of a Deal

April 10, 2025April 11, 2025 Buck Banks

Something’s not right about this tariff postponement, methinks.
And it seems that Trump’s up to market manipulation hijinks.
Tuesday’s “rumor” was the “tell,”
That come Wednesday — short sell.
There’s something about this fart of a deal that just stinks.

Half of Americans Think Stock Market Is Rigged Against Them

March 24, 2021 Buck Banks

50%

A new YouGov survey finds nearly 50% of Americans now say the stock market is “rigged against individual investors” and surprisingly 56% of those investing in the stock market believe the market is rigged as well.

Most North Carolinians Think Burr Should Resign

March 25, 2020 Buck Banks

50% to 24%

A new Public Policy Polling survey in North Carolina finds that a majority think Sen. Richard Burr (R-NC) should resign, 50% to 24%, and that his approval numbers have plummeted since revelations last week about his stock sales in the wake of the coronavirus.

Another Reason to Be Glad Trump Is Not Managing Your Stock Portfolio

March 16, 2020 Buck Banks

“It makes me very happy. I think that people in the market should be very thrilled.”

— President Trump, quoted by Barron’s after the Federal Reserve cut interest rates to zero yesterday. Stock trading was halted this morning just seconds after the market opening.

Markets Expect Interest Rates to Hit Zero

March 10, 2020 Buck Banks

0%

Bloomberg: “Traders are pricing in about 80 basis points of cuts in March, and 100 basis points by July, which would drag borrowing costs down to zero.”

Eric Trump — Investment Seer

March 10, 2020 Buck Banks

“In my opinion, it’s a great time to buy stocks or into your 401K. I would be all in… let’s see if I’m right ….”

— Eric Trump, tweeting on February 28.

The Tax Cut Sugar High Has Officially Worn Off

December 23, 2018December 23, 2018 Trish

Did we really think the man who couldn’t sell steaks, vodka, or real estate, the man whose business school and nonprofit organization were court-ordered to shut down, the man who bankrupted casinos and apartment houses…did we really think that guy could make decisions that would benefit the world’s largest economy? If we did, we were wrong.

Trump Flashback Quote

December 20, 2017 Buck Banks

“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. And we better be awfully careful.”

— President Trump, quoted by the Washington Post, during the first presidential debate in September 2016.

Only One in Six Americans Owns Stock

December 20, 2017 Buck Banks

14%

Bloomberg: “Trump mentions the stock market almost daily in tweets or public remarks, taking direct credit for record highs by the Dow Jones Industrial Average and other indices. But only about 14 percent of U.S. families directly own stocks, an asset class dominated by the country’s top earners, according to the Federal Reserve. Meanwhile, the president has also rolled back efforts to expand retirement savings options to more middle-class and low-income workers.”

‘Mad Men’ Finale Affected the Stock Market

May 22, 2015 Buck Banks

0.15%

Amount the Dow Jones Industrial Average fell the day after the series finale of “Mad Men.” A study of 165 TV series finales shows that the wave of negative mood caused by the end of a popular and beloved show reduces the net demand for risky assets and decreases aggregate stock returns, says Gabriele M. Lepori of Copenhagen Business School. Specifically, if the number of viewers of a finale is 1 standard deviation above Lepori’s sample average, stock returns fall approximately 25 basis points the next day, all else constant. The finale of the drama “Mad Men” drew 3.3 million live and same-day viewers.

50%

A new YouGov survey finds nearly 50% of Americans now say the stock market is “rigged against individual investors” and surprisingly 56% of those investing in the stock market believe the market is rigged as well.

50% to 24%

A new Public Policy Polling survey in North Carolina finds that a majority think Sen. Richard Burr (R-NC) should resign, 50% to 24%, and that his approval numbers have plummeted since revelations last week about his stock sales in the wake of the coronavirus.

“It makes me very happy. I think that people in the market should be very thrilled.”

— President Trump, quoted by Barron’s after the Federal Reserve cut interest rates to zero yesterday. Stock trading was halted this morning just seconds after the market opening.

0%

Bloomberg: “Traders are pricing in about 80 basis points of cuts in March, and 100 basis points by July, which would drag borrowing costs down to zero.”

“In my opinion, it’s a great time to buy stocks or into your 401K. I would be all in… let’s see if I’m right ….”

— Eric Trump, tweeting on February 28.

“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. And we better be awfully careful.”

— President Trump, quoted by the Washington Post, during the first presidential debate in September 2016.

14%

0.15%

Poetic Justice

Verbatim

“As is so often the case, Donald Trump’s opponents are playing into his hands. This is exactly the kind of fight that Donald Trump loves, with his opponents carrying Mexican flags past burning cars.”

— Republican pollster Whit Ayres, quoted by the Wall Street Journal.

“Don’t kid yourself they know they are absolutely getting cooked politically with their terrible bill and rising prices, and they want to create a violent spectacle to feed their content machine. It’s time for the mainstream media to describe this authoritarian madness accurately.”

— Sen. Brian Schatz (D-HI), reacting on X to President Trump sending National Guard troops to Los Angeles.

“The people have spoken. A new political party is needed in America to represent the 80% in the middle! And exactly 80% of people agree. This is fate.”

— Elon Musk floated a new political party on Friday after falling out with President Trump over the big, beautiful bill, The Hill reports. He followed up with a potential name for the group, “The America Party.”

“Donald Trump and Elon Musk’s alliance took off like one of SpaceX’s rockets. It was supercharged and soared high. And then it blew up.”

— Associated Press

“The BBB will increase by orders of magnitude the scope, scale and speed of removing illegal and criminal aliens from the United States. For that reason alone, it’s the most essential piece of legislation currently under consideration in the entire Western World, in generations.”

— Trump aide Stephen Miller, on X, defending the Republican budget bill after Elon Musk called it a “disgusting abomination.”

Numerati

53% to 27%

As the Senate debates the GOP tax and spending bill titled One Big Beautiful Bill Act and President Donald Trump pushes for a July 4 deadline to sign it, a new Quinnipiac poll finds voters overwhelmingly oppose the legislation, 53% to 27%, with 20% not offering an opinion.

47% to 34%

A new YouGov poll finds that President Trump’s deployment of Marines to Los Angeles is deeply unpopular, with a 47 percent disapproval mark, compared with 34 percent who approve. Dispatching the National Guard isn’t much better: 45 percent disapprove and 38 percent approve.

$134 million

After persistent questioning about the cost of sending National Guard members and Marines to Los Angeles in response to protests over immigration raids, Hegseth turned to his acting comptroller, Bryn Woollacott MacDonnell, who said it would cost $134 million, the Associated Press reports.

8

Eight states, including Florida and Tennessee, have introduced or passed legislation to ban planes from emitting “chemtrails” to poison Americans or control the weather, The Guardian reports. Of course, there’s no credible evidence that this is even happening.

70%

A new KFF Health poll finds that more than 70% of Americans are worried about the impact of Medicaid cuts in the bill leading to more people uninsured and hurting hospitals.