trump urged caution on the statements of major investors

President Donald trump pointed his finger at wealthy investors, who allegedly manipulated the stock market, making loud statements.

On Wednesday tweeted trump wrote that he was wary of the fact that rich investors use their position to spread negative comments about the stock, when they, as a rule, receive profit by betting against the market.

“When so-called “rich guys” talking negatively about the market, you must always remember that some make large bets against it, and earn a lot of money if it collapses" — wrote Donald trump. “Then they respond positively, get a lot of publicity, and make it to the market got up. They have you both ways. Hardly is it legal?

Although trump did not specify to whom it refers, his comments followed the statements of the Manager of a hedge Fund billionaire Druckenmiller Stanley (Stanley Druckenmiller) on Tuesday evening that the stock market is historically overrated.

"Remuneration for the risk capital may be as bad as I've ever experienced this in my entire career," — said Druckenmiller Economic club of new York (Economic Club of New York). “the Unknown variable here is that the fed can always increase its purchases (assets)”.

Druckenmiller, Chairman and CEO of Duquesne Family Office, also said that, in his opinion, the market overreacted to the news of progress in the field of antiviral drugs, such as ramdevpir from Gilead.

The stock market bounced back from their March lows, as investors began to rely more on postpone economic recovery. After falling the fastest bear market over the past two months the S&P 500 rebounded from its bottom more than 30% and is now 13% below its record high since February.

Another major investor, who spoke frankly about the market, was bill Akman (Bill Ackman). The Manager of Pershing Square Capital Management, speaking on March 18 in a live CNBC, warned that “hell is coming”, and begged the White house to shut down the country for a month.

Akman received a net profit of more than $2 billion during the week after his television interview. He then used the funds to bet that the current investments of the Fund in assets including shares of hotel operator Hilton Worldwide, will be restored. He called “absurd” the assumption that he was trying to manipulate prices on the stock market through their reviews.

Jim Cramer (Jim Cramer), host of “Mad money” (Mad money) on CNBC, shares a similar view with trump, criticizing Akman for what he did bet against the market, while publicly talked about the coming stock Apocalypse.

Materials on this topic can also be read:
Trump warns that the ' rich guys’ could be talking down the stock market to profit (CNBC)

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Source: finversia.ru

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