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"In a Monday interview with Fox News’s Larry Kudlow, Sen. Tommy Tuberville (R-Ala.) suggested the stock market’s recent nosedive was reasonable, even justifiable, because things had simply gotten too lucrative.

I asked Tuberville to elaborate on his statement that the market was 'over-bloated.'”

~ Joe Perticone

#Musk #Trump #economy #StockMarket #stagflation #recession
/2

“'It’d gone way up, you know, probably over-priced,' he said. 'In a short period of time it had really gone up, and so it probably reset itself a little bit.'

Asked whether the market could get back to the same level, Tuberville said, 'No doubt.'

I noted that the consensus has been that the market dive was a direct result of Trump’s tariffs and the economic instability they bring."

#Musk #Trump #economy #StockMarket #stagflation #recession
/3

"Tuberville said that more tariffs coming at the start of next month would right the ship. (He did not make clear how exactly this righting would be achieved.)

'They don’t last forever, I mean,' Tuberville added. 'The reciprocals are gonna be, what, April 2nd? So it’ll be good. Bye, bye, bye.'

For what it’s worth, I checked the handy Autopilot app3 to see how Tuberville’s portfolio is performing over the past three months. He was down 6.9 percent as of Monday."

#Musk #Trump #StockMarket
/4

"On the Monday edition of his program, Fox News host Sean Hannity announced that as a gesture of devotion to Elon Musk, he is buying a Tesla. …

Then Tuesday morning, Donald Trump announced that he too will buy a Tesla, and expressed his belief that it should be illegal for anyone not to buy one."

#Musk #Trump #economy #StockMarket #stagflation #recession #Tesla
/5

https://paulwaldman.substack.com/p/the-war-on-tesla-is-good-for-america

"Tesla stock is dropping precipitously; in December it reached a high of $488 per share, but after yesterday’s trading it stood at $225. But even with that decline, Tesla’s stock is still wildly overpriced. …

But Tesla’s stock price was always based on the cult of Musk; people and institutions bought it because they believed that other people would keep buying it and paying more and more for it, simply because of how awesome Elon Musk is."

#Musk #Trump #economy #StockMarket #Tesla
/6

"Now that he has been revealed as kind of a moron and kind of a Nazi, and most Americans don’t want to have anything to do with him, there’s a fair chance the stock will continue dropping until it reaches a level commensurate with the company’s actual value."

#Musk #Trump #economy #StockMarket #stagflation #recession #Tesla
/7

Trump's niece Mary tells us:

"His delusions aside, it hasn't taken him much time at all to destroy almost everything that was good about this country. The stock market is falling off a cliff right now. Yesterday it dropped 1150 points before ending with an over 890 points. As I write, it has fallen another 430 points."

#Musk #Trump #economy #StockMarket #stagflation #recession
/8

https://www.marytrump.org/p/watch-what-he-does

"Donald has claimed the stock market crash is merely a “disruption” in the service of building a 'great foundation' for this country. But because the stock market is one of the few metrics that Donald Trump cares about and pays attention to, I find it alarming that he is dismissing these terrifying numbers out of hand.

So the question for me remains, will it affect him? Because if isn’t not going to, he will not care."

#Musk #Trump #economy #StockMarket #stagflation #recession
/9

"The fact that this moron, this prepubescent creep has been allowed anywhere near the levers of power is something that should fill us in with shame. The fact that people like Maria Bartiromo exist to allow him to spout this grotesque nonsense is just unforgivable. It's unforgivable that so many people thought that this was a good idea."

#Musk #Trump #economy #StockMarket #stagflation #recession
/10

@wdlindsy
Mary does a good job describing him doesn’t she…