The list of Donald Trump naysayers who are forced to eat their words grows longer with each passing day.
While mainstream media and so-called economics experts had bleated dire predictions that the stock markets would crash if Trump were elected, the financial markets have instead rallied to all-time highs during the past two weeks.
Trump continues to defy naysayers' market predictions. The Dow, S&P 500, & NASDAQ hitting lifetime highs. #TrumpTransition #StockMarket pic.twitter.com/gIdfkIjTy1
— Candace (@roycan79) November 21, 2016
The Dow Jones Industrial Average hit a new record high Tuesday, closing above 19,000 for the first time in history.
Similarly, the S&P 500 and NASDAQ also cleared record highs since Trump was elected.
BREAKING: Dow Jones Industrial Average hits 19,000 for the first time ever https://t.co/YKho1O67Ek pic.twitter.com/YUMfFDht7b
— CNBC (@CNBC) November 22, 2016
On November 23, 2016, the Dow Jones industrial Average and the S&P 500 closed at record highs for the third consecutive day, while the U.S. dollar hit multi-year peaks.
In the months and weeks preceding the election, Wall Street analysts and economics professors warned the public that a Trump victory would spell doom for the financial markets, cause the dollar to crash, and ultimately send the United States into a recession.
Underscoring once again that most of academia is a left-wing, intellectual wasteland, economics professors Eric Zitzewitz (of Dartmouth College) and Justin Wolfers of the University of Michigan were both proven dead-wrong when they predicted a mass market sell-off if Trump won.
Another “loser” in the financial prediction game is billionaire Mark Cuban.
Cuban, who had bloviated against Trump and campaigned for Hillary Clinton, had predicted “huge, huge” losses for the stock market if Trump won. Oops!!
Maybe this is why Trump called Mark Cuban “dopey.”
And don’t forget this flashback gem.
Nancy Pelosi brags about dessert stockpile in $24,000 fridge as Americans line up at food banks
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Samantha Chang is a senior staff writer for BizPac Review. She is a financial editor and lawyer based in New York City.
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