CNN's Chris Cillizza panned for claiming 'Trumpism' is behind GameStop stock surge
From WWW.FOXNEWS.COM
CNN editor-at-large Chris Cillizza raised eyebrows Wednesday by suggesting that "Trumpism" is behind the dramatic surge in the stock price of struggling retailer GameStop.
GameStop Corp.'s share price surged another 130% on Wednesday in pre-market trading as amateur investors continued to back the stock whose price has skyrocketed nearly 700% over the past two weeks.
Cillizza sought to explain the stock market phenomenon in a CNN piece titled, "How Trumpism explains the GameStop stock surge."
"At the core of Donald Trump's angry populist appeal was -- and is -- this sentiment: 'The elites think they know better than you. They think they can tell you how to live and what to believe. But guess what? We the people are smarter than the elites!'" Cillizza began.
"What made Trump's argument so potent, politically speaking, is that he wasn't just calling out the elites. He was saying that Average Joes needed to rise up and actually show them how wrong they were -- that voting him for him was the best way to express their anger and frustration with the condescension of their alleged bettors. Donald Trump offered himself up as a collective middle finger to the elites. And he won."
The CNN editor-at-large concluded that th... (Read more)
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Submitted 1236 days ago
