The buf­foon in­dex

Hartford Courant - - Opinion -

If you can get a heads-up on Pres­i­dent Don­ald Trump’s lies, you can make money in the stock mar­ket.

For ex­am­ple: Trump an­nounced a tar­iff deal with China, and the Dow Jones in­dex went up 288 points and Ama­zon up 82. The next day, when his own staff ad­mits that there is no deal, the DJIA was down 799 points, and Ama­zon was down 104.

I am sure stock traders are tak­ing note — per­haps Trump, his staff mem­bers and friends find a way to profit from his lies.

Per­haps some­one should de­velop an in­dex for this. There should be a TVI (Trump Vo­latil­ity In­dex) or BI (Buf­foon In­dex).

Note that Trump has a long way to go. Dur­ing Pres­i­dent Barack Obama’s terms, the DJIA in­creased 148.23 per­cent. Dur­ing Trump’s ten­ure, the in­dex is up 26.22 per­cent. To match Obama, the Dow must rise to 49,217 — un­likely. To match the Dow’s growth dur­ing Pres­i­dent Bill Clin­ton’s terms, the Dow must rise to 64,751.

Ge­orge H.W. Bush is be­ing hailed as the best one-term pres­i­dent. It looks like Trump is des­tined to be the worst.

Stan Phillips, Avon

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