Time for the rich to buy stocks on discount.
Idk, when do they buy? This shit has to go way more south before our dear great leader decides to undo the tariffs, right? And if he doesn’t undo them, when would it go back up? We’re still in a race to the bottom…
Knowing Trump’s irrationality, he just wants to erase all the market gains from when Biden was in office. That means he’ll keep at it until the DOW looses another 10,000 points or so.
Well I just bought some inverse SP500 x3 ETF so I’ll hold onto that until we reach the new great depression
LOL, good luck with that.
(Inverse ETFs, especially leveraged ones, don’t work the way you think they do. They’re not really intended or suitable for anything but day-trading.)
U right, made up some of my losses today but I do plan to sell as soon as it looks sort of stable then I’ll just buy a long put
I lost a lot of money today, but I’m still up from 6 months ago.
This is going to last a long time and the recession is when they’ll buy.
Even if he does undo them there’s no telling when he’ll put them back in place again on a whim. Everyone abandoning the market isn’t going to come back unless Trump gets Epstein’d or Luigi’d.
It’s good for them when they can buy other people’s stock at fire sale prices, it’s less good for them when their own stock is reduced to fire sale prices.
That’s not how it works. Stock prices don’t fall below the level that rich people are willing to buy them at, specifically because rich people buy them at that level.
Or they can all be in on it and collude to buy once the stocks fall to their target.
There’s always a tweet.
He inherited a growing economy, a healthy stock market and low unemployment. He has undone all 3. Power move!
He also had friends and allies all around the world. He’s undone that too.
And he was very quick about it. I have never seen anyone deal so artfully before. /s
I keep saying that but a lot of people that just like to be contrarians (I guess?) keep saying that the economy was not really good at all.
It wasn’t really good, but now it’s getting really bad, for everyone.
Hahahaha… Fuck.
His MAGA fans likely don’t have anything in the market, or they don’t think they do, so they think this won’t affect them. They are in for a rude awakening.
Yep. The market is a lot like politics that way.
You might not take an interest in markets, but markets take an interest in YOU.
I am actually getting worried about the leopards health, are there too many faces for them to eat? Do we need to ensure they stay healthy and in shape to better continue eating all the faces by restricting the amount of faces they can eat in day?
The leopards eating faces are becoming obese.
Down 3,163.27 since inauguration.
And yet people still felt the need to vote for him
I’ll never understand this country…
Racism.
The south started a war and killed 600k Americans for racism.
It’s all some of them care about, it’s their alpha and omega.
Dow drops 1200… so far.
Dropped 1,679.39 by the end of the day today.
This is what Trump wants. He wants the market to drop and/or a recession. Why? To force the Fed to drop rates back to essentially zero. Once that happens, expect a blistering turnaround in the market. Everyone and their great aunt will be borrowing money at ultra low interest to buy stocks. The stock market will explode, maybe crypto, too. Inflation will skyrocket. It will be nuts.
US fire sale!! 🔥 every stock must go! 🔥 15-25% off priced to sell! 🔥 hurry, these deals won’t last!* 🔥
*profits not guaranteed. in the event of mass economic collapse, cross your fingers for a bail out. This is not financial advice.
3% It dropped 3%.
3% = DJIA just closed its worst day since June 2020
1500!!!
I wish there was some way to have seen this coming! Lol
Maybe whatever civilization replaces the US will learn from our mistakes and never, under any circumstances allow a single person to have the ability to set any kind of policy. Hopefully they also don’t leave gigantic weapons that can destroy the country all over the legal tapestry and use the honor system to control their usage.
It’s not one person charting this path.
Us humans have been making the same mistakes for thousands of years. Lather, rinse,repeat.
Machine rule it is, then.
