Time for the rich to buy stocks on discount.
Assuming the US can recover…
Normally Trump does what’s best for the ultra wealthy, but de-dollarization of the world economy appears to be good for nobody in the USA. I have no clue what they’re trying to do, I suspect he’s just lost it and there’s nobody left to tell him these tariffs hurt his croneys too.
At this point I wouldn’t be surprised if we’re already too far along to save the dollar’s position globally. Globally that’s probably a good thing, but for any of us in the US it’s decidely not.
I have no clue what they’re trying to do
They published it online. project 2025. They straight up told you what they’re going to do. Add in pooty, whose goals align a great deal, and that’s it. How do people still not get this, they told you what they’re doing.
As confusing as it is this does still all fit into Theil’s plan to isolate the US in order to create a corpo-fascist state and bring back apartheid.
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
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.
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.
It’s only a concern if you need to sell during the downturn.
And it isn’t good for them if stock growth doesn’t happen because American companies lose market share.
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.
Hahahaha… Fuck.
I mean, it’s only fuck if you’re in the stock market.
I mean, anyone with a 401K is in the stock market.
Which is why 401k is a scam.
It’s still basically most people’s only hope for retirement. And represents a large portion of the compensation they are literally working for day after day.
Especially with the history of constant cuts, and current gutting of, social security.
What’s the better alternative? I’d certainly take a 401k over the current system in Germany where the current working population pays for the pensions of those currently retired. Which is obviously unsustainable if you take a single look at the demographic changes ahead.
Stocks will eventually go up again and at least for my global all world ETF the current drop means we are only back to where we were in September 24. Trump is certainly destroying a lot of wealth with his actions, but I think this would be true regardless of how you invest.
And anyone in hot waters right now because of the current drops should have probably been invested more diversified and maybe reduced risk a bit more.
I have to admit, I don’t know that it’s the best option, but all my funds are currently in a HYSA.
Not as high return as the market under normal circumstances, but it’s liquid, and it’s been relatively safe at between 3.5% and 4.25% the last several years, and the times we live in are anything but normal.
Your funds might be in a HYSA but the bank holding them probably has them in stocks and bonds.
So if the stocks fall enough you won’t have your money anyways.
Now you could say you want to hold onto cash instead, but the only fix for the banks not having money is to print money which makes cash worth less.
Okay but what if you held gold or other minerals. Well the value of those comes from the perception that they could be used to trade when other things fail, but even if milk is $500 a gallon no grocery store is going to take gold as it isn’t able to be insured and tracked. So the value of gold also will drop as it can’t actually be used for goods and services.
So basically you can’t isolate yourself and protect yourself from societies stupidity. Its all a gamble and maybe your option works out or maybe it doesn’t but there isn’t a clear way to avoid the problem.
It’s good to have 3 months to a year of expenses saved in an HYSA to start with as a rainy day fund you can use in an emergency (i.e. lose your job/house, etc.). I think there are some studies that a huge portion of the population doesn’t have savings to cover even a surprise $1000 expense.
That’s more important than putting money in the stock market to start with but after you have that you can put your savings into an IRA or something preferably in a diversified fund. (Vanguard has a few tgat are specifically targeted for retirement at particular years).
In Canada the CPP is paying into an annuity you get after retirement.
You’re not just paying in for the current seniors, you get out based on what you put in (up to a cap)
My life experience has given me no reason to believe it was ever going to pay out anyway. Let the motherfucker burn.
Have you actually looked at it? The sort of index fund that people put their retirement money in (if they invest in stocks rather than bonds) has doubled its value in the last 7 years. Quadrupled in the last 13.
Let the motherfucker burn
Allow me to introduce you to the concept of a global depression, a situation far worse than anything we’ve seen in the last 100 years or so
I pulled out when he won.
The canary dies, you take action.
Just think of all that millennial investments!
Where my SPXS gang at? 😎
Crying in their mom’s basement about how unfair gambling is.
There’s always a tweet.
This is apparently a fake tweet. An archive of the actual tweet corresponding to that datetime is here.
Looking at that archived Tweet, I forgot what it was like for Twitter responses to not be unhinged
Down 3,163.27 since inauguration.
Dow drops 1200… so far.
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
Burn baby burn
yes bring on global depression because no one remembers 100 years ago…
If the rest of the world can reconfigure its trade (which it’s in the process of doing), it’s going to impact the US a lot more than anywhere else.
*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”
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%.
1500!!!
I wish there was some way to have seen this coming! Lol
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.
The Orange Turd is an economic genius.
It is almost like the Orange Turd is an economic moron.
