Eric Trump nails the stock-market call he made during February's massive sell-off

pulse

August 21, 2018 6:02 PM

Eric Trump, the younger of President Donald Trump's adult sons, said stocks were a "buy" on February 9, 2018 — the day the stock market tumbled into a correction. They have since rallied more than 11% to hit a new record high.

Eric Trump, the younger of President Donald Trump's adult sons, said stocks were a "buy" on February 9, 2018 — the day the market tumbled into a correction.
His call coincided with the lowest S&P 500 close of the year and the index
has since rallied more than 11% — to a record high.
Trump's call still pales in comparison to the one made by former President Barack Obama.

Eric Trump nailed his stock-market call.

Back on February 8, the stock market had just tumbled into a correction — a 10% drop from its recent highs — amid fears the Fed would have to hike interest rates more aggressively than it had been telling investors. That when Trump, the younger of President Donald Trump's two adult sons, bravely declared that stocks were a good buy.

"The market's going to continue to look incredibly, incredibly strong," he told Fox Business. "I think actually, right now, is probably a great period to buy."

It just so happens that Trump made the call to "buy" stocks less than two hours after the S&P 500 put in its lowest close of the year. Since then, the S&P 500 has rallied more than 11% to break the record high of 2,872.87 set on January 26.

And while Trump's call was a good one, it pales in comparison to the one made by his father's predecessor — former President Barrack Obama.

Back in March 2009, during the darkest days of the financial crisis, Obama made what could possibly be the greatest stock-market call in history.

On March 3, 2009, he told reporters: "

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