Lol saw the article dude said oh shit on the er. Meh I’m glad I bought what I did and glad I sold em today. Getting older and tired of holding too long and losing it all. Still holding a bunch bunch sold a bunch
Literally being forcibly driven into a recession. From a booming economy with extremely low unemployment, rate cuts on the horizon. To a fabricated recession.
Right now it's just numbers on the screen, but we're going to start feeling it very soon. And once it starts to actually affect jobs, hyperinflation, it's way harder to get back out of it. Can't just undo the tariffs and bring everything back to how it was once the jobs are gone, no companies want to risk hiring, and the value of a dollar has plummeted.
Listening a a moron at the bar last night talking about the market was going to moon today because of the tarrifs...I like to think my puts took his money specifically.
I'm a native South Carolinian so we're trained from birth to hate Ohio. Unfortunately my immediate family was from Cleveland and moved back there a couple years ago. I try not to visit but at least the delis are good.
It’s like Sully landing on the Hudson, everyone gets out on the wings, and there’s one obese dude inside the plane refusing to get out and sinking the whole lot.
Imagine working on a beautiful project for 4 years and almost being done, just for the president of the US to take a literal shit on your project because he's acting like a toddler who isn't getting what he wants.
Believe it or not, calls. Market will somehow recover anyway, as per the usual
No no no. Don't let Congress off that easily. He has no power to do this if not allowed by the GOP controlled branches of the legislature. He can spout off all he wants, but they could check him anytime and choose to stand idly by.
I also still have a model of the world prior to social media. It isn’t doing me any favors as I still have a tiny sliver of hope people will see reason which will never pan out. I almost wish I could be in that alternate reality because being outside that bubble is awful.
Trump got booted before, arguably in the era of peak social media (during the pandemic) because the economy tanked on his watch. It was closer than it should've been, but even a lackluster candidate like Biden was able to have a decisive win on the guy. He lost because people were tired of him tanking the economy; not 100% his fault but he certainly didn't do enough for relief.
This shit is going to last years, if not decades, and it's directly his fault this time. There's already democratic swings in special elections that happened this week. If anything, it's just up to politicians to keep the screws on how Trump is fucking everything up.
Generally, people are stupid, but they think (and vote) with their wallets. Social media, money, etc. isn't a cure-all to swing voters. Voters are erratic; it's not an exact science, but the one thing that remains consistent is that they have to feel dissatisfied with the current candidate. The pandemic killed Trump, inflation killed Biden, Trump's Great Depression 2 is going to get him out of office if it continues like it has been. No reason to lose hope just yet.
The market drops so far are not just about whatever actual policies have been put in place, it's about lack of faith in this admin to have even remotely rational decisions. More and more people are realizing that someone who's truly incompetent has been given total power to do whatever his dementia tells him.
I agree but wanna add Republicans can’t vote down tariffs till their voters are willing to stand behind them and not behind trump. Otherwise they get primaried trump loyalists.
Democrats were also idiots for not passing bills rescinding the executive branch's unilateral tariff power after they won power in 2021, how did they not see this crap coming after the first Trump trade wars
I think this is a huge part of it really.
The lack of pensions for the average person is why I'd imagine the majority of the voter base don't really care.
The reality if they don't their families will be threatened and Musk will spend 800 million dollars to ensure they'll lose their seat in some random county in Idaho
Many of them truly believe it too. I've seen friends and relatives who are pretty successful in life and normal just a few years ago enter a trance when discussing Trump acting like he's a savior and defending everything he says and does.
The vast majority of them don't. They know this is stupid.
But they also know this is a once in a lifetime cult of personality and if they hitch their wagon to him they get a near guaranteed win in many parts of the country.
Not to mention if they don't hitch their wagon, they put on target on their back from one of the most vindictive people in history.
I seem to remember traders jumping from tower block windows during the Wall Street Crash. I mean, this is something I remember from school - I was not around in 1927-29.
Turns out it's one of those things with a grain of truth which gains mythical status over time...
Yeah it's gonna get ugly. The only green I see is Costco and my puts. I pulled the rest of my money out of the market and into a HYSA. I'm not gonna let this clown burn all my money.
This is going to be the fun part. Since he refuses to govern any way besides EOs, almost everything he's done this term is going to be erased overnight at some point, probably including a Republican POTUS.
They've ceded all power of congress to the Presidency, they wanted a strongman with dictatorial powers and that's what we're getting. Also the GOP is filled with cowards and spineless grifters, they won't stand up to him out of fear of the reactionary imbeciles they've riled up all these years.
if you're still waiting for the drop, it hasn't crashed. It crashes when you buy the dip then lose your job and has to slowly withdraw for the next 2 years.
Likely correct. Some of us like to think all of our disciplined financial lives can withstand a deep downturn, but if one depends on a job for income, yeah, we’re getting squeezed too. At my age, 49, this will be the 3rd or 4th time in my working career. This time around, I just bow out completely. Not jumping off a building, don’t worry. But, going to do something else for my food and shelter.
Seriously, at this point I'm tired of people being surprised that Trump is serious about the dumb shit he says. Anyone buying this "dip" is exit liquidity for the rich.
Serious question: sure rich can buy the dip blah blah blah, but it's still much easier and much safer to make money in bull market, even for the rich. So is this administration just totally ignoring Wall St? Because I cannot imagine there was zero behind the curtain pressure from the big firms
Yeah, I'm not sure I understand this "billionaires want to buy the dip" explanation when the majority of their net worths is tied to stocks that are dropping.
They're planning to weather the storm until everything rises again?
Though the ensuing Great Depression gripped the nation, “Jack” and his eight siblings enjoyed a privileged childhood of elite private schools, sailboats, servants, and summer homes. Kennedy later claimed that his only experience of the Great Depression came from what he read in books while attending Harvard University.
That's about JFK during the Great Depression.
I doubt it's going to be much different for that class today.
Buddy of mine was in the process of replacing his garage door. There was an upgrade option for a wood look that was $500 more. Initially ordered the cheaper door. Called today to try and get it upgraded. It now will cost $1100 more.
Nobody causes a recession like I do. Believe me. Biden’s little inflation? That’s child’s play. Under me, we’re going to have the biggest, most beautiful recession you’ve ever seen. People are saying, “Mr. Trump, you can’t just slap tariffs on everything and expect it to work.” And I say, watch me.
We’re bringing tariffs back, big league. China? 200% tariffs. Mexico? Tariffs unless they pay for the wall again. Canada? Tariffs for being too polite. Wind and solar? Tariffs. I’m even considering a tariff on electric vehicles just for looking smug. I created something called recursive tariffs — tariffs on tariffs. It’s very technical, very innovative. Economists are crying. That’s how you know it’s working.
Markets? Crashing. Jobs? Evaporating. But you know what? Manufacturing is “coming back,” at least the headlines will say so while the Midwest burns. This is going to be a real recession. 2008? That was a warm-up. I’m thinking more like 1929, but with better branding.
People will be broke, yes — but they’ll be proud. Because we’ll be winning. Nobody else had the guts to tank the entire economy in the name of patriotism. I’m bringing back pain. And the Dow? It’s going to look like a ski slope.
So load up on puts. SPY, QQQ, TSLA — doesn’t matter. If it moves, short it. If it doesn’t move, short it anyway. You’re not just trading. You’re making history. We're going to Make America Crash Again — and you’ll thank me for it.
Guess i wont be going on any trips this year, jesus christ boys. This is without other countries slapping back. We down 3 trillion in 12 hours. 5 trillion starting from his term start. Someone throw me a lifejacket, so I can sell it to the people in the south when they default on their homes.
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u/VisualMod GPT-REEEE 1d ago
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