Cramer: Trump Had to Go and Tweet About the Market

 | Feb 16, 2017 | 1:22 PM EST
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You knew we were dead when you read the @realDonaldTrump tweet this morning on Twitter: "Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism -- even before tax plan rollout."

You knew we were dead because that's just a jinx and traders are wildly superstitious. I heard from a half-dozen of them that this was the kiss of death simply because the rally's been so strong without comment from the president.

In reality, though, just like all the numbers we have seen of late, this market's backed up by strong earnings from the likes of networking giant Cisco (CSCO) , an Action Alerts PLUS holding, and the Philly Fed index, which weighed in with a number larger than anything we have seen since 1984. 

You lump that in with all the other strong data from overseas and you end up with a market that has resisted really getting hammered.

Anyway, stay tuned for my Twitter interview tonight where I talk about the worth of Trump for Twitter (TWTR) with Twitter COO Anthony Noto, as I think the two have become interlinked in a way that only one party has exploited and the other just seems to be along for the ride.

Go figure.

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