Stocks have almost returned to where they were 5 days ago after his latest change to the tariffs.

  • @[email protected]
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    017 days ago

    100 points after losing thousands is not “soaring”. That’s like saying “Well I lost my job, my home, and my wife, but I just found $20. Amazing”

    Write a country song about that, MAGA sickos.

    • @[email protected]
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      017 days ago

      Normally it’s called a dead cat bounce (idk why 😿) when the stock market crashes and then has a nice little bump before crashing more.

      It’s people trying to buy the dip, and fat cats pumping and dumping more shares, VCs trying to dump money into stocks to keep it near an attractive number, etc.

      What Trump did here was gave the stock market a line of cocaine during it’s dead cat bounce.

      Soar? Today? Sure. Let’s chat next Tuesday…

      • @[email protected]
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        017 days ago

        Because the news lags. Tomorrow every country will come out in the press full force about Trump’s bullshit and the markets will tank again. It also will take a week or more for people in the US to realize how much their winter Citrus and Avocados cost.

      • @[email protected]
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        016 days ago

        We had a bounce like that yesterday. Still too early to say if this one is a bounce or not. Have to see tomorrow / over the next few days.

      • @[email protected]
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        017 days ago

        Yeah, wait for tomorrow. Takes some time to really realize what’s going on with these psychos.

        • @[email protected]
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          16 days ago

          Everything about the indicators scream overbought:

          RSI is high

          Price is stretched above VWAP

          Riding the upper Bollinger Band

          Only thing still bullish is EMA12 > EMA26, and that’s lagging. Once that crosses, the dump is on.

          And let’s not forget: the Buffett Indicator was already at 1.7 before today’s jump. Normal is 0.8–1.3. We’re deep into ‘correction incoming’ territory.

          So yeah, this bounce? Classic sugar high. The real pain hasn’t even started.

          • @[email protected]
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            016 days ago

            Random person to random person: stop buying into all the “indicators”. It’s bullshit.

            You know what he’s going to do. That’s your best direction. There is no “sailboat upward hook” or “flailing fish” dumbshit charting on this. It’s unprecedented. No charts will help. In fact, stop looking at the charts and play the news. That will actually make you money.

    • @[email protected]OP
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      017 days ago

      Yeah, that’s the BBC’s headline. I didn’t like it either, I guess it seems like “soaring” if you’re looking at the 1 day view. If you’re looking at the 1 week view it looks like “recovering”. If you’re looking at the 3 month view it’s more “recovered slightly”.