In a tweet, President Trump said to be wary of “rich guys” using their platform to comment negatively about stocks, when they tend to profit from betting against the market.
In a tweet, President Trump said to be wary of "rich guys" using their platform to comment negatively about stocks, when they tend to profit from betting against the market.
U.S. President Donald Trump speaks during a press briefing in the Rose Garden of the White House in Washington, D.C., on Monday, May 11, 2020.President Donald Trump pointed the finger at wealthy investors for supposedly manipulating the stock market by making strong statements. "When the so-called 'rich guys' speak negatively about the market, you must always remember that some are betting big against it, and make a lot of money if it goes down," Trump tweeted. "Then they go positive, get big publicity, and make it going up. They get you both ways. Barely legal?"
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