Trump tweets: 'The world was gloomy before I won'

"In the event that...Donald Trump wins, I have no doubt in my mind that the market tanks," predicted billionaire Mark Cuban prior to the election.

However, the stock market has surprised many and actually gone up significantly since Trump's victory.

Highlighting the market's performance, the president-elect noted in a tweet on Monday, "The world was gloomy before I won – there was no hope. Now the market is up nearly 10% and Christmas spending is over a trillion dollars!"

See more related to this story:

7 PHOTOS
Most popular political tweets of 2016
See Gallery
Most popular political tweets of 2016
"To all the little girls watching...never doubt that you are valuable and powerful & deserving of every chance & opportunity in the world."
Delete your account. https://t.co/Oa92sncRQY
Obama just endorsed Crooked Hillary. He wants four more years of Obama—but nobody else does!
TODAY WE MAKE AMERICA GREAT AGAIN!
Happy 55th, Barack! A brother to me, a best friend forever. https://t.co/uNsxouTKOO
Four more years. http://t.co/bAJE6Vom
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

Explaining the possible reasons behind the rally, the New York Times noted, "Investors have concluded that at least in the short run, many of Mr. Trump's policies, including increased spending on infrastructure projects, could lead to faster economic growth than was expected."

In regards to Trump's mention of Christmas spending, he didn't provide a source, but according to CNBC, "A Deloitte University Press report in September projected that holiday sales this year will exceed $1 trillion, reflecting a 3.6 percent to 4.0 percent increase..."

As is the case with many Trump's tweets, this one prompted a fierce online debate.

Some questioned how much the president-elect is responsible for these positive trends, with comments like, "He's not even in office yet and he's patting himself on the back for things he has nothing to do with."

On the other side, a commenter defended the tweet, asserting, "actually he can take credit. It's obviously a cause and effect of him being elected that the markets are reaching new records."

Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.