Trump and Justin Sun based little joke in these depressed market conditions
Last Thursday was a depressing day for markets with the free fall of the stock market, crypto market etc, that is old news. However, in the midst of this tragedy, jokes emerged thanks to tweets of US president Trump, who pumps up the stock market using the strategy of the well known Justin Sun (tron) who we Steem Community are associated with ever since he acquired Steemit Inc.
Trump the reason US Stock Market experienced gains on Friday
Looks like on Friday, the Dow Jones besides other stock indexes of the US stock market closed on a green candle and president Trump tweeted - “BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!”
Crypto tweeters pointed out that Dow Jones was down 21% from the previous month and he is boasting about this 9% increase in one day (like an idiot).
The main reason the market gained on Friday was because Trump did great talks of being optimistic on fighting and winning the Coronavirus catastrophe just before the market closed. This tactic of Trump was similar to Justin Sun who does announcements to pump the price of Tron, and that is why crypto, tweeters tweeted -
“America got their very own @justinsuntron”
Now the Tragic and Sad Part of Justin Sun’s marketing tactics
I don’t want to introduce tragedy element in this write up by talking about Justin Tron’s shameless marketing tactics that heartlessly without human consideration makes use of tragic news to pump the price of Tron, but you can read it in this article that Justin Sun Tron used Coronavirus catocastrophy
to his advantage with this tweet -
When the world was grieving over the death of Kobe Bryant, @justinsuntron made use of even that devastating news to promote Tron’s conference niTROn 2020 with this tweet.
Kobe, was great to have met you in niTROn 2019. Mtg you was one of my life's greatest honor & privilege, I'll forever remember us on stage discussing the future of blockchain. We'll have a moment of silence in your honor during niTROn 2020. R.I.P.
This tweet sounds hollow to me , no personal connection, just looks like it was written to promote that niTROn 2020 conference. So disgustingly artificial!!
US’s FED trying to keep the stock market intact
Anyway… there are further talks around everywhere in news that FED is pumping money into the economy, making an effort to keep the US stock market intact. Stock markets should crash logically, as no economic or business activity is buzzing at this current economic situation where the economy is hit down by the Carono virus, when it’s already going through a slow down. However, the US FED is printing money and giving cheap loans to Corporates(through frequent rate cuts) to buy shares and keep the stock market afloat.