“There Are Just Too Many Things Wrong With The Country!” – How Trump Handled The ’87 Crash

The U. S. has gained more than 5.2 trillion dollars in Stock Market Value since Election Day! Also, record business enthusiasm.
— Donald J. Trump (@realDonaldTrump) October 16, 2017

Thirty years ago this week, the stock market took a massive nosedive, a crash that came to be known as Black Monday. Many investors were destroyed by this one day’s collapse, but, as we noted earlier, some survived (and even fewer thrived).
A few investors said they predicted the crash, including one familiar name: Donald Trump.
While now-President Trump is crowing about the surging stock market almost every day (for instance today)…
The Wall Street Journal reported at the time that the real estate executive said he sold all his stocks before the market tanked. He wasn’t too optimistic about a rebound in stock prices.
Why?
‘There are just too many things wrong with the country,’ he said.

This post was published at Zero Hedge on Oct 16, 2017.