Trump points to stock market gains: 'How are your 409K's doing?'

Source: The Hill | January 9, 2020 | John Bowden

President Trump pointed to gains in the stock market on Thursday as evidence of a strong economy under his presidency, imploring Americans to check how their “409K’s” were doing in an apparent typo in a since-deleted tweeted referencing 401(k) retirement funds.

In a tweet Thursday morning, the president pointed to the Dow approaching another all-time high, tweeting: “STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 409K’S DOING? 70%, 80%, 90% up? Only 50% up! What are you doing wrong?”

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The erroneous reference to “409ks” — which appeared to be a typo — quickly drew fire on social media, with critics of Trump mocking the president for his early-morning mixup.

“My 409K sucks. It’s apparently doesn’t even exist,” tweeted GOP strategist and frequent Trump critic Rick Wilson.

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