3 ms·
Politicians impacting the stock market is nothing new. Pipeline and coal companies plummeted with Obama's executive orders, and the executive branch DOJ created
by drak0n1c 10y ago
Politicians impacting the stock market is nothing new. Pipeline and coal companies plummeted with Obama's executive orders, and the executive branch DOJ created a huge drop in prison stocks with what was effectively an indirect tweet. Solar stocks zig zagged according to the latest Solyndra and renewables subsidy activity. The only thing new is Twitter as a more easily machine-readable mouthpiece.
Congress actually gets a free pass on buying and selling stocks with insider information and many have done so for decades: http://www.cbsnews.com/news/congress-trading-stock-on-inside-information/ http://www.cbsnews.com/news/congress-trading-stock-on-inside...
- dlgeek 10y agoI think what's novel/different here is the examples you all cited are examples of market reaction to government action, compared to, let's call it "executive sentiment". The distinction here is people are anticipating future actions based a politician expressing feelings rather than taking action.