I didn’t have much in but I’m divesting from all stocks and cashing out. Everyone should sell it all and let the market crash.
I sold out everything back in Feb. I even processed a 401K to a roll-over IRA just so I could hold the money in cash. The money-market account is paying around 4% right now.
This orange moron is going to cause a massive worldwide recession and a depression in the U.S.
I’ll reinvest in a few years.
Get some EUR, GBP, gold, bitcoin. Dxy is down ~10% since Feb. USD to 0
On one side, this is awesome because companies should tend to the needs of their customers instead of investors.
On the other, fuck my retirement fund
*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”
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.
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.
GDP and EUR are pumping, time to jump ship.
Counterpoint: BTFD
It’s not even 100 days… 73 days since Jan 20th
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
I forgot what it was like to actually be able to see Twitter responses.
Thanks, though correct grammar kind of gave it away already.
He says enough horrible stuff to not have to fake any of it
1500!!!
Down 3,163.27 since inauguration.
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.
Who are you kidding we’re going to put lead back into everything again just for fun.
It’s not one person charting this path.
Us humans have been making the same mistakes for thousands of years. Lather, rinse,repeat.
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
A lot of people might decide to violently resist such an eventuality. Things can quickly go off the rails.
Remember that despite the rule of law no longer applying to the rich and powerful, the laws of physics continue to apply.
A lot of people might decide to violently resist such an eventuality
I don’t see a lot of evidence to suggest that’ll happen.
Even the wealthy have to think about what is happening right now. To have their company’s value go to shit overnight isn’t winning him any fans.
I think a lot of them are ideological psychos. Saw an interview with Forbes magazine founder, and he’s giddy about these tariffs because he thinks they’ll enable tax cuts. I don’t think he cares if his shares tank or whatever, as long as he doesn’t have money “taken away” from him to help the poors.
No, that wasn’t the point.
There were 2 goals:
-
Cut spending to 0 so they could cut taxes (cap gains to 0)
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Isolate the US from the rest of the world, this is what Putin cares about the absolute most. If we’re out of the way he sees Russia as unstoppable (which is stupid, they can’t beat any country with functioning tractors).
-
Its Russia in the 90s all over again. Must be a coincidence that the Russian mafia-turned-regime they’re so chummy with, got its foot in the door and secured its power through an almost identical move.
Im wondering if America will have its equivalent of the 1999 Apartment bombings.
…what were those
https://en.m.wikipedia.org/wiki/1999_Russian_apartment_bombings
Interesting read
False flag attack orchestrated by the FSB of. The orders of Putin when Putin was still officially Boris yeltsins second in command.
It was used to justify breaking the truce with thr chechen separatists. And start a new war.
It is often cited as the main incident that allowed Putin to seize power in Russia. Yeltsin was dreadfully unpopular. Putin made himself look strong by playing the role of the patriot who was going to flatten the terrorists for what they did.
It was all a scam. Everything Putin has ever done has always been a scam
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.
They’re already shilling crypto hard and threatening to reneg on US debt. They want to crash the economy, do a full venture capital takeover and set up autonomous states in preparation for the coming inequality revolution.
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.
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.
Screen of the WSJ on mobile. For posterity.
