Trump defied political norms. Now he tests the stock market.

Details

Publish Date:

April 3, 2024

Author(s):

Belsie, Laurent

Source:

The Christian Science Monitor

Related Person(s):

Related Organization(s):

Stanford Securities Litigation Analytics (SSLA),
John M. Olin Program in Law and Economics,
Arthur and Toni Rembe Rock Center for Corporate Governance

Summary

“I don’t think it has to do with economics,” says Michael Klausner, a professor at Stanford Law School. “It’s all just a cult stock. [And] if the cult following is strong enough … maybe in the shorter run it isn’t risky, because there’s just such a willingness on the part of these people to keep buying it.”