Speed Reads

history rhymes

CNBC analyst says Trump's stock market autograph was his 'mission accomplished' moment

Back in 2003, then-President George W. Bush stood on the aircraft carrier USS Abraham Lincoln and delivered the now-infamous "Mission Accomplished" speech, in which he announced the U.S. was at the end of major combat operations in Iraq.

Bush himself never actually said the words "mission accomplished," but a banner behind him projected the statement. Still, the point is that the prediction was wrong and the U.S. has remained in some form of combat in Iraq ever since.

Well, CNBC contributor Josh Brown thinks Trump may have had his own "mission accomplished" moment last Friday when he autographed a chart showing the stock market's major rally amid the coronavirus pandemic. Brown thinks it's "pretty much the same thing" as Bush's speech, suggesting the U.S. — and the stock market (which plunged again) — are far from out of the woods, despite the president's optimism. Tim O'Donnell