CNBC analyst Josh Brown said President Trump bragging about the stock market could end up being his “Mission Accomplished” moment.
“I would say autographing the five-minute chart of the market’s performance on Friday will go down in history along the same lines as George W. Bush with the ‘Mission Accomplished’ banner on the aircraft carrier,” Brown said Monday on CNBC. “It’s pretty much the same thing.”
Brown was referring to a 2003 speech given by President George W. Bush in which he announced the United States completed major combat operations in Iraq as a banner behind him read, “Mission Accomplished.” But as the conflict in the country dragged on for years, the banner became a symbol over which critics would mock Bush.
After the stock market dropped into bear territory last week over concerns about the coronavirus outbreak’s effect on the economy, it shot up on Friday when Trump declared a national emergency. The president has touted how the Dow Jones Industrial Average rose more than 1,000 points after that White House Rose Garden news briefing and sent out autographed Dow charts to supporters.
On Monday morning the stock market plunged again.
