Comment by orwin
20 hours ago
It's not, i don't think so. For the first time Trump did a belligerent announcement while the market were open, and not on a late Friday. as expected, the market cratered. Then 4 hours later, this announcement? Crazy coincidence (which it might be, but frankly when it come to market manipulation, i think this admin has lost the benefit of the doubt).
Isn't that precisely the definition of TACO, though?
Trump does a thing, the market goes down as a result, so he does a 180 on the thing.
That he may also be doing it to lower prices for friends and family so they can buy up stocks just before he does a reversal and the market rebounds, making them all a lot of money, is immaterial to whether this counts as TACO.