If anyone had advanced warning, you could have made a fortune today: https://www.marketwatch.com/livecoverage/stock-market-today-...
when the market dropped 1100 points in a day was the time to buy. Buy the DIP!!!
Trump temporarily drops tariffs to 10% for most countries
31–40 of 1001 posts
Re: Trump temporarily drops tariffs to 10% for most countries
#32Re: Trump temporarily drops tariffs to 10% for most countries
#33One thing companies love is lots of uncertainty like this. It keeps their accountants entertained! "Maybe we should build a factory in the US" ... 24 hours later ... "well, not today".
What's really amazing is all the muttering from "Very Important Wall Street" type people who are saying that he's insane. Like... with that kind of salary, weren't you paying attention? We've known he wasn't right in the head for a while now. Maybe they should be replaced by AI.
Re: Trump temporarily drops tariffs to 10% for most countries
#34If anyone had advanced warning, you could have made a fortune today: https://www.marketwatch.com/livecoverage/stock-market-today-...
Actually you did have advance warning because there has been several days of wall-to-wall finance bro and republican heads on TV saying the tariffs were batshit crazy. Under those conditions there are only two outcomes: 1. the tariffs were rolled back or 2. Trump is removed from office (and the tariffs rolled back).
Those aren't guaranteed. I do believe Trump is in danger of being removed if the economic damage of the tariffs becomes too great since the one thing truly sacrosanct in America is the economy.
But the timeline would hardly be immediate. We'd have to go through considerable pain before the government would act.
Re: Trump temporarily drops tariffs to 10% for most countries
#35[flagged]
[flagged]
Re: Trump temporarily drops tariffs to 10% for most countries
#36If anyone had advanced warning, you could have made a fortune today: https://www.marketwatch.com/livecoverage/stock-market-today-...
Like if the president had posted that “now is a great time to buy DJT” 15 minutes before announcing the pause?
Spy went from 497 to 505 by 1:05pm (announcement was later at 1:18pm). Then onwards to 530+.
Clearly some listened or simply had knowledge the announcement was coming.
Re: Trump temporarily drops tariffs to 10% for most countries
#37The stable solution to this problem is infinite tariffs everywhere.
But then these are politicians they will declare 2*infinity tariffs.
Re: Trump temporarily drops tariffs to 10% for most countries
#38Threaten people with a 49% national sales tax, and suddenly they celebrate when it's only 10%.
Re: Trump temporarily drops tariffs to 10% for most countries
#39Earlier quoted context omitted.
Lots of stocks are up 10-15% instantly after this announcement. Curious if we'll get reports of suspicious options volume capitalizing on this information.
why do people still trust stock markets if manipulating them is that easy?
As easy as winning the presidency and having enough loyalty within your base to say "I could stand in the middle of 5th Avenue and shoot somebody and I wouldn't lose voters." then win reelection just 8 years later?
https://www.snopes.com/fact-check/donald-trump-fifth-avenue-...