Stock Market Shrugs Off Trump’s Apocalyptic Threats Against Iran
No matter. On Thursday, markets continued to soar. “It’s not a bull market or a bear market, it’s a Trump market,” says Yale professor Jeffrey Sonnenfeld, though he adds there are signs that financial markets are “starting to call Trump’s bluff.” Traders are trapped, like all of us, in Trump’s world. It’s a bizarro twist on the “boy who cried wolf” dynamic, Armstrong says. “At what point do the villagers say, ‘This kid’s full of shit’ and he gets eaten by the wolf? Well, if the boy who cried wolf had the nuclear codes, the villagers would be forced to keep listening to him forever. The president is an office of terrible power, and that will never stop being true.” That’s made life difficult for the denizens of Wall Street, even as some cash in on the war-time volatility. “This is a trader’s wet dream,” says the Wall Street insider. “Volatility is really good if you’re a trader. I guarantee Goldman Sachs and all the trading desks are making money hand over fist.” “This is …

