He inherited a growing economy, a healthy stock market and low unemployment. He has undone all 3. Power move!
And he was very quick about it. I have never seen anyone deal so artfully before. /s
He also had friends and allies all around the world. He’s undone that too.
No imagine what evil he could do if he didn’t spend 90 % of his waking time golfing!
Be fair, it did take a long time to undo all that…
He’s been back in office an astonishing two months. That’s a lifetime!!Don’t give me hope
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.
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
We’ve probably been in a recession now for awhile. We won’t know officially until I’ll maybe, November? Figuring it usually takes 7 months for data to catch up and and a official recession needs to be 2 consecutive quarters of lost growth.
Two consecutive quarters and that is a very open definition since other factors also are considered.
Thank you for the correction. Edited original post.
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.
And people still thinks he is playing some sort of 4D chess. My friend in Georgia mentioned that people around her says Trump is creating a dip, so that federal reserve will lower interest rate.
Yes, because president can fire tons fedral workers, can send secret police to abduct people, but cannot control the federal reserve, and have to play stagnation or bust.
One of the talking heads on one of those business news shows summed up the theory about lowering interests rates as “it’s like burning down the house to cook a steak.”
There’s no plan here, it’s just a deranged old man surrounded by sycophants doing all of the things people previously told him wouldn’t work.
Lack of education, bo lack of racism
I was considering trying to cash out my 401k and ira in the US (I bought my first house and I think that’s one of the allowed cases), but hadn’t worked out the details yet. Guess that’s not happening right now. I no longer live in the US and will probably renounce citizenship once my parents go.
I looked at my other investments this morning based on this post and… Lol. Granted, I only one a handful, but it still hurts. My stock that was worth only like 40 cents moved up 5+% so yay for that, I guess.
Got my family out last year, I commute back and forth.
There is something really sick about watching this from overseas, like watching paramedics carry bodies out of a car crash.
But it was no fun when I was there.
Fucking morons shooting themselves in the balls to look tough.
I’ve only been twice in the last decade: once the year after I moved and summer 2022ish. It’s just crazy to watch. My family just offered to pay for us to fly out for vacation but I declined. My non-white wife that doesn’t really speek English + immigration now means we’re not going near the place.
To be fair, the market is roughly at where it was in September (pending further tanking). So, not a huge difference…yet.
Pretty much this. If you think “its going to get worse from here”, then why would you hold stocks?
Yes and the same last month, and the month before.
Do some paper trading when he does this. See how much money you could make if you buy who he is fucking just to turn it around the week after.
What happens to your 401k and IRA if you’ve moved abroad and renounce your citizenship? Will it ever be paid out?
Not an American so I honestly don’t know.
I don’t know either. I imagine it just lives on. I can’t put money in them now from Japan anyway (well, unless I want to pay some taxes in the US on top of what I pay here; no thanks). I can’t use Japan’s equivalent either since the US tax authorities will massacre you with paperwork and fines (PFICs). If social security still exists, I worked long enough in the US to get that and it doesn’t matter for that if I renounce.
If social security still exists, I worked long enough in the US to get that and it doesn’t matter for that if I renounce.
Well, hope they won’t change the rules around that if it does still exist by the time you retire. Though generally such things aren’t done retroactively I believe. Once you’ve earned it, you’ve earned it. Even if rules change for future folks. At least in sane countries, but of course we’re talking about the US…
There is a totalization agreement with the japanese govt, so I could theoretically do something before renouncing, but I’ve never looked into it. I liked the idea of having both for diversity and safety
These rules aren’t set by God. Earning it is pretty meaningless.
Rules set by god are just as flaky as any other. Moreso once you realize god doesn’t exist.
That wouldn’t effect legal agreements. if he’s still the owner of the accounts the are still enforced, at least when there was a functioning system in place to enforce contracts with in the US legal and banking systems.
Do you think Trump, Musk and their oligarch insider friends maybe, just maybe, opened short positions on a bunch of stock ahead of the new tariff announcement?
This is my thought exactly.
I watched Steven Colbert yesterday saying that this large of a fuck up is proof there is no deep state. While I get his point, I disagree. If there is someone in the shadows pulling strings this was the intended outcome.
It’s pretty well known that in trading markets, there’s almost always something that goes up when everything else drops like a rock. Even as such, moving money to be liquid right before a steep drop off, then buying up all the formerly high-value stocks at bargain basement pricing, and just waiting for the rebound, is a legit strategy. Having foreknowledge of such an action is considered insider trading however. Realistically, insider trading is difficult to prove unless the perpetrator is an idiot.
Whether you call it the deep state or the 1% or oligarchs, or simply “rich assholes”, if you believe there is a group orchestrating things, then you beat believe this was the intended outcome.
Nothing needs to go up. Shorting stocks lets you make money off of them when they go down. If a person or group of people can cause a crash and know in advance what day it’s happening, they can borrow stocks and then buy the stock to repay the loan at a lower price and pocket the change.
That is also an option.
Honestly there’s a lot of ways to make money in the market if you know what’s going to happen in the coming days that will affect it.
Isn’t the value of short position rising?
Stocks go down because cash goes up
*Trading partner tariff rate is calculated by the White House to include “currency manipulation and trade barriers.”
This needs to be way fucking bigger than a tiny light grey caption under the image, AP. “Trading partner tariff rate is pulled directly out of the administration’s collective rear end”
Now we know why he’s keeping Elon around, he needs a lift.
Such incredible foresight from Elon—parking a Tesla in orbit around the sun for this particular occasion!
Another one from 2012:
Unfortunately, this one wasn’t a real tweet. It seems real, but it’s not.
deleted by creator
Old stock trader wisdom: don’t catch a falling knife.
You don’t know how low things can go. We’re merely 100 days into the Trump presidency.
It’s not even 100 days… 73 days since Jan 20th
Counterpoint: BTFD
Crypto veteran here. Everyone who says that thinks they’re better at looking at charts than everyone else. No you are not. Technical analysis is bullshit, and no I didn’t say most; your method is not an exception.
GDP and EUR are pumping, time to jump ship.
They voted for this. We all have to be onboard for the crash.
deleted by creator
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.
No they are all over invested in the market. The techbros. The effective altruists. The boomers and anyone wealthy. They voted for Trump to pump their bags and dont care about anything else. Only the dirt poor maga aren’t baws deep.
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.
Invite the lions, and hyenas, and wild dogs
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.
So much winning
