• @EightBitBlood@lemmy.world
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    019 days ago

    Yep. There’s this strategy called “pump and dump.” It’s often used by the wealthy to inflate stock prices before cratering them to buy at discount.

    Idiots like you see line go up for a while, and think:

    • I’ll buy at a discount as it falls

    Instead of noticing the “pump” part of the scheme, also visible in your image.

    Unless you want to point to some economic windfall happening between 2022 and 24 that explains all that growth, it is very likely from downsizing, buybacks, and off market darkpool price manipulation. (Which now happens regularly these days with every blue chip stock around 5pm).

    Historically, Tariffs lead to a recession in 1830 (15% Tariffs), a Depression in 1930 (20% Tariffs), and now with a 40% plus Tariffs on basically everything, we are likely to see the complete disembowlment of the US Dollar and all the market dominance we built with it.

    You better get your completely misplaced premature celebration out now, because you are going to be eating crow the rest of this year, and far into the future. There’s no amount of bullshit Trump spin that will bring our markets back. We are unquestionably fucked.

    I will gladly check back here in 8 months to provide an updated chart, seeing as you will certainly be too embarrassed to do so.