Trump's Stock Market is booming - but THIS analyst is 'terrified' of cataclysmic crash
THE DOW Jones stock index hit the 25,000 level for the first time after strong global economic data but one analyst has warned of its collapse.
During Donald Trump’s time as President, the US stock market has boomed and the billionaire has been boosted by strong manufacturing and a general economic upturn for the world’s largest economy.
The Dow Jones Industrial Average broke 25,000 on Thursday following the release of stronger jobs data than expected.
But one analyst, Paul Gambles, struck a note of caution about the success of the stock market and warned about the dangers of a collapse.
The managing partner at MBMG Group, told CNBC: “We're really terrified”
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The success in the stock market has been described as a “Goldilocks” environment, suggesting it is operating in its optimal state, but Mr Gambles continued to warn about investing the market.
He said: “In the first three versions of the Goldilocks story, Goldilocks actually died horribly and we think that could well happen again (to stocks).”
However, Jacob Deppe, head of trading at online trading platform, Infinox told Express.co.uk global economic harmony still hinges on President Trump's actions on foreign issues.
Mr Deppe said: “Despite the Trump Tax reforms offering further wind behind the sails of this market, the irony is Trump is himself creating the threat of rough seas through his public spats with North Korea, Palestine and former staff."
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We're really terrified
Mr Deppe says the jobs figures surprised everyone, he adds: “Most analysts had expected 190,000 jobs to have been created in the month but 250,000 jobs blew that number apart. Little wonder the Dow Jones soared to a new all-time record high soon after.”
Donald Trump took to Twitter to praise the success of the Dow Jones Industrial Average.
He wrote: “The Fake News Media barely mentions the fact that the Stock Market just hit another New Record and that business in the U.S. is booming...but the people know!
“Can you imagine if “O” was president and had these numbers - would be biggest story on earth! Dow now over 25,000.
“Dow goes from 18,589 on November 9, 2016, to 25,075 today, for a new all-time Record.
“Jumped 1000 points in last 5 weeks, Record fastest 1000 point move in history. This is all about the Make America Great Again agenda! Jobs, Jobs, Jobs. Six trillion dollars in value created!”
