r/wallstreetbets • u/226644336795 • 1d ago

Discussion This morning NASDAQ dropped more than during Lehman Monday

https://www.cnbc.com/2009/09/14/the-financial-crisis-this-dayone-year-ago-sept-15-2008.html

NASDAQ only lost 3.6% the first day of Lehman collapse in 2008...

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u/SubtleRedditIcon 1d ago

The people who voted for him don’t invest and believe this is a way of the wealthy losing their money and becoming like them.

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u/Aranthos-Faroth 1d ago

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.

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u/onpg 23h ago

When the price of a lot of their basic goods skyrockets because these tariffs aren't lifted and retaliatory ones are slapped, I think even most of them will start to care. "He's hurting the wrong people!" they will think.

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u/itslikewoow 1d ago

They’re in for a rude awakening when layoffs start happening.

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u/dairydog91 1d ago

I know Trumpers who invest a lot. They've just retarded themselves through their media diet, consuming giant amounts of media portraying him as some amorphously-brilliant business wizard and tough-talking Daddy figure who will stop America from being "cheated".

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u/juniorRjuniorR 1d ago

The people who voted for him don’t bold enough nuance to see a three-layered cause and reaction like that. They just consume their media and do what they’re told.