See? As a Free Thinking Republican who Does His OWN Research I TOLD you things were Good and all those Stock THINGS like were FAKE NEWS! Convicted Fraudster Trump would NEVER Lie to Me!
HitlerPig golfing as the Dow drops 10% = Nero fiddling as Rome burns.
S&P is down about 16% since he took office. All caused by his own actions.
Good thing he’ll watch “news” aimed at total dipshits like himself that won’t confront him with too much reality.
I don’t doubt things are going very well for him. He’s out of jail, hitting the links, and bribes are pouring in.
Don’t forget all the crypto grifting. Stocks could plunge another 50% and he won’t care, because that’s not where his money is. He might celebrate the dollar tanking if it means $TRUMP buys more dollars
And just today alone he gained new future golfing buddies Russel Brand and Jean Claude Van Damme!
I wouldn’t be surprised if he really believed that because all the yes-men around him are constantly telling him how great he is.
What makes you think the stock market crashing is not his aim?
It does massively lower US hegemony
Would be a good move if he served Russia or China but a terrible one if he served the US
What makes you think the stock market crashing is not his aim?
I think it’s a combination of both that and stupidity, of both him and the oligarchs. Yes, they like manipulating the market and being able to buy up stock when it’s down and it was working for a while there, but they didn’t bargain on just how far trump would go and how much he would fuck things up. trump figured he could cow other countries they way he does Americans and since he can never admit he’s wrong, he’ll keep doubling down even though it’s not working, causing further havoc. I don’t think he believed China would retaliate with a 34% reciprocal tariff, and he’s not going to listen to the oligarchs when they tell him it’s time to back off. They installed into the presidency a monster they can’t control
People keep repeating this. It’s all on purpose because billionaire snap buy everything cheap
My question continues to be that, such strategy makes sense if you know what you bought cheap would be valuable again. However, trumptard has antagonised the WORLD, even if trade resumes, everyone would jack up prices for the USA to include the risk of another wave of stupid and nobody would sign any long-term agreement so you’d wind up not knowing if your product would cost 10, 20 or 50% more next quarter…
Because people are downright ignoring who he’s working for. His actions make absolute sense as a Russian asset. And no, he’s not trying to screw the US allies, at least that is not his main objective.
EU, Canada, UK, they’re just collateral damage. They’ll hurt but they’ll recover because while loosing the US they still have each other and China. And in their recovery they’ll help isolating the US. After they learn to live without the US it’s game over.
His main target is the US itself. He’s trying to collapse the US economy and isolate them to prevent from rising up again. He’s trying to destroy the US reputation in the international community. He tried it once but now he’s making sure it sticks. With a broken economy and no allies the US will loose its capacity to project military power. Even if a Democrat is elected nobody will ever trust the US again.
Trump works for Putin, it’s completely obvious. His job is to sabotage the US. And he’s doing a great job. And by the time Americans face the facts it will be too late. Maybe it already is.
There’s probably multiple motivations. He serves a motley-crew of white christian nationalists, oligarchs (many with very fascist ideologies themselves), and himself. I think he’s kinda acting like a power-broker/deal-maker for many different people (similar to his buddy Epstein). The numbers don’t make sense because they don’t really matter if the goals are to 1) cause the world to lose faith in the US 2) can be used to negotiate things like de-dollarization 3) can be used to solicit bribes from politicians and businesses. If they really want to bring manufacturing back to the US, the dollar must be unseated as the world’s reserve currency, and there must be very bad stagflation so that we get enough inflation and depressed wages so people are desperate enough to work for roughly the same real wages as Chinese factory workers. If the US is less dependent on other nations for things like manufacturing, the US can do things like invade countries, set up slave and death camps, etc, with less consequence. And the chosen oligarchs get to rule over their own fiefdoms of oppressed workers.
And traditionally once a price is hiked, it doesn’t go back down.
Yeap… They say it’s “sticky”
Because he’s not that smart. It’s not even a Project 2025 thing, because it’s somewhat split on the issue of tariffs. In so far as it supports it at all, it’s mostly about working around some free trade treaties and tweaking things here or there. This strong, across the board tariff is entirely his own idea.
My stocks were a couple bucks shy of $10k on January 19th. Yesterday morning they were $8100.
Edit: down to $7700 this morning.
At least you did not put much money in the market
Silly me for planning to retire.
Silly me for retiring in January
I’ve seen a 30% drop since this whole thing began. I’m not looking to divest for another 18 months, but that’s assuming he doesn’t completely collapse the economy for years…
After 2 years of gains my TFSA was $8k in the green on inauguration day. Today it is at $400
I have a 403B that I pay absolutely no attention to. I was curious, so I decided to look.
Three years of reasonably steady growth with what looks like a run of the mill transient dip at the end.
Almost $10,000 evaporated since March.
I see no reason to believe that it’s transient. I think it’s just the beginning.
My portfolio is down 40% since January. I’m just glad I took most of it out before it got too bad so I’ve only lost about $1,000. I was about to open a retirement account too but decided against it when things started tanking and I’m glad that I didn’t.
Tbf now is a good time to open a retirement account.
Is it? You assume things will recover
If things don’t recover by the time I retire I have bigger things to worry about than retirement.
If it doesn’t recover, you’re no worse off than anyone else.
WHAT?! you do realize that during a depression (aka, if things don’t recover in a while), people who never even dreamed of having enough money to invest would become absolutely destitute, right?
Any money thrown in investments that won’t recover is literally wasted. Better under the mattress to eventually wallpaper your house
Nobody is saying put your rent money into the market.
no, of course. What I meant to say is the mentality that you can buy now cheap because the market is on a dip, assumes a recovery which, this time around, it not at all likely.
If you do not have much money, it would be best to save it in a less volatile medium than plummeting stock under the madness that is this MAGA presidency.
Well, if you’re young enough, you could live long enough to see it recover.
It will. Eventually.
But it has a pretty long way to fall.
And a LOT that can happen before a “recovery”.
Now it is, but 3 months ago when I got the paperwork to do it was not. My procrastination saved me some money.
40%? Were you all in on Nike or something?
It’s what I had left after I sold almost all I had, so it was kinda the dregs anyway. I wasn’t expecting much but 40% kinda took me by surprise.
Modern “Emperor has no clothes” moment.
Except in this case the emperor and all of his advisors have been telling people for months all about how he wanted to go around naked insisting that he is wearing clothing, and all of the dumbass peasants truly believe he’s wearing a beautiful new outfit in spite of the obvious fact that he’s running around naked.
Remind me again why did you US people elected this guy?
I didn’t. You’re asking the wrong crowd.
Americans voted for him. The world doesn’t care who did and who didn’t…
True, but you’re asking a cross segment largely made up of people who didn’t vote for him, so we can’t answer your question. Best we can do is to say that apparently a giant contingent of our society is made up of people who are stupid, cruel, racist, and/or easily manipulated.
As someone who is in constant opposition to his goverment (and their voters), I can see that
Then the world needs to wake up. What’s happening in America is the class war, just like everywhere else. The American people, the cult members, and the rest, are victims
A long time ago, republicans needed an easy way to get voters to vote against their own interests and instead vote in the interest of the corporate overclass. Abortion. It’s genius. Make the preachers ultra wealthy by getting them to preach about something the Bible never seemed concerned about. Abortion. They’re murdering babies, you just have to get out and vote.
Eventually that strategy brought diminishing returns. They overturned Roe and the issue doesn’t have the same bite that it once had. They needed a new plan. Wait, I’ve got it. Trans people existing. Trans people bad, and they’re trying to assimilate your children by existing. They’re trans animals now, pooping in litter boxes at school. How long until you have to refer to your children by neopronouns under the threat of incarceration?
Seriously. This is how trump won the election. This issue is the issue they chose and it works. I hear it from my rightoid coworkers all the time. The GOP creates boogeymen to get idiots to the polls and it works, and the democrats have nothing to counter it.
Oh, come on now. It wasn’t just all about trans people. You’re forgetting the real threats.
Are you not forgetting the threat of tens of thousands of dog-eating Hatians in Springfield, Ohio? Notice how you haven’t heard a peep about dog-eating Hatians in Springfield, Ohio any more, because God-King Trump solved the problem of dog-eating Hatians!
And we had another problem about having a really, really old white guy with cognitive issues sitting in the Oval Office. Democrats tried replacing the old white guy with a <gasp!> black woman and the country collectively stood up and said “No, not like that!”, and lost their collective minds. So of course we did the sensible thing and went back to electing an old white guy with cognitive issues, and everybody lived happily ever after and nothing went wrong.
Then of course there was the Israel conflict, where everybody was upset over Biden’s support for Israel and the ongoing genocide in Gaza. So of course, the only sensible solution to that was to elect someone who promised to genocide harder, annex the territory, and turn it into beachfront property for the rich.
And all of this, of course, was meant to bring down the price of eggs. My understanding is that Trump had a meeting with the National Institute of Chickens the other day, and they are the ones who persuaded Trump to impose a 29% tax on uninhabited Antarctic islands out of fear of having to compete with Antarctic penguin eggs.
As a result of Trump, we’ve restored the dignity of the Presidency by making sure the status-quo is maintained, eliminated the threat of dog-eating Hatians, brought peace in the Middle East by letting Israel just steamroll over everything, and now have a President who is taking it to the front lines on the war on eggs! What more could we possibly ask for? <criessilentlyincorner>
Are you not forgetting the threat of tens of thousands of dog-eating Hatians in Springfield, Ohio?
In 2016 they ran the “be afraid of Shari’ah Law taking over the USA” program. …so many hoax memes…
Also the failing economy, you know the economy that the tarriffs would make great again. The same tarriffs that as of today has wiped quite a lot off the stock market. The same tarriffs everyone else said would hurt the economy.
Also I might add the non-voters that did not vote for Kamala because they did not find her compelling enough. Whilst the alternative was authoritarian, racist and mysognistic.
So its really a group effort by republicans and well…. others…. Not sure if those other idiots are left leaning or right leaning tbh but idiots they are all nonetheless.
Don’t assume I voted for the prick. Ask the 70+ million idiots who did. You’ll find them in conservative instances. Go on. Go ask them.
Dozens of Bomb threats suppressed the election day turnout in Blue areas of swing states.
As far as I can tell, it boils down to some combination of three reasons: they’re bigots; they’re stupid; or they’re selfish. Bigotry is self-explanatory. If they actually believed that he would do good things and help the country, then they’re clearly stupid. If they didn’t care how his actions hurt others but thought they’d help them financially, then they’re selfish. Now, if they’re selfish and not wealthy (wealthy being not like two houses and a couple millions in savings but rather own a couple yachts and an island) then they’re also stupid on top of being selfish.
The United States has a good deal of cultural rot. As a culture, we’re sick and have been for decades (and that’s not even getting into the nation’s original sin of slavery/racism). Carter rightly pointed it out in his “malaise speech.” A large number of Americans are simply incapable of thinking about others outside themselves. We are incapable of taking on large projects for the collective good. And because of that, we defunded education for decades leading to the stupid, selfish population of today.
Reminder of how selfish people are: the pandemic. People couldn’t fathom why they were expected to take precautions to avoid spreading it to other people
The worst part is that if you’re selfish, you’d think Biden would be better. I miss that 30% increase in my stock portfolio vs the 25% decrease for no reason.
I think the better question is why a third of Americans didn’t bother to vote against this.
Voter suppresssion was a significant tie breaker. Also keep in mind that a lot of people get shafted by both parties and have given up.
I don’t blame them.
Also keep in mind that a lot of people get shafted by both parties and have given up.
I don’t blame them.
I don’t blame them for feeling shafted, but they do share the responsibility for the current state of things.
You are literally blaming the victims when you say they share responsibility.
Who? The non-voters? They’re not exactly innocent victims in this.
Yes, both parties let them down, but those were the option and one was clearly going to do more harm.
Edit: I recognise there were legitimate barriers for some but I have trouble believing that was the majority of non-voters
Felons who are denied the right to vote, and felons who are only felons because they were bullied into false guilty pleas. People whose lives have been impacted by the violent and bipartisan supported war on drugs, including family members who have been killed by ridiculously violent police actions. When things are bad enough for someone, the lesser of two evils is still evil enough that there is no incentive to participate.
I’m not talking about the majority of the people who didn’t vote. There are a lot of apathetic and willfully ignorant non-voters we can blame. We can also blame those that chose not to vote on a single issue when Trump was the obviously worse outcome for that single issue.
Ultimately the people that are the most to blame are the people who voted for Republicans.
I agree with all that.
Well, then I guess the victims are to blame this time, because that’s not really up for debate in our current system.
“You must choose between being stabbing and shooting, otherwise we will blame you when the general populace that has been stabbing you your whole life votes in favor of shooting.”
Sorry, I just can’t blame people whose lives are destroyed by the system when they choose not to participate in the system. Choosing the lesser evil is fine for those of us where the lesser one isn’t imprisoning family members through forced confessions or shooting relatives in no knock raids. Both available parties regularly campaign with being tough on crime and both follow through.
Nope, I refuse to blame those people for Trump winning when the alternate choice for them was more of the same.
Middle class whites? Yeah, fuck them if they don’t vote
A very significant portion of those who didnt vote were just people that couldn’t be bothered. And another significant portion were those who just abstained because Harris wasn’t tough enough on Isreal, and I’m sure those people are happy with that decision now. Palestine will be free any day now, surely. Yes there is a lot of voter suppression, but things were way too close with a lot of people not voting to claim that that made all the difference. They weren’t ALL disenfranchised. Plenty just made a choice not to vote.
So… I do blame them.
centrists support genocide and then blame everyone but themselves when genocide support isn’t a winning issue outside of their wing of the party.
I’d have much rather had someone who was actually progressive, or at minimum, not supportive of Isreal’s genocide. But that wasn’t an option, was it? Harris and Biden’s positions on Isreal were bullshit. But so was Trumps. At best they were a wash on that subject. And Trump was objectively worse in every other regard.
People that do not live in reality, that do not understand that under our system you often have to vote for the lesser of two evils to save yourself from the greater of them, are children that need to grow the fuck up.
I voted for harris. You don’t have to convince me. Also, the election is over and you don’t have to carry water for her anymore.
Just because centrists got their only wish and we didn’t have a choice to vote against genocide, that doesn’t mean we don’t get to gripe about it.
things were way too close to claim that that made all the difference.
Votes being close is why voter suppression and not voting for Harris because she wasn’t good enough to use as a vote against Trump had such a big impact.
But in any democracy there will be a significant portion of voters who either aren’t engaged or are unwilling to stand with the available options. You can blame them, but you should really be blaming the Trump voters.
You can blame them
I do.
but you should really be blaming the Trump voters.
I do.
Voter suppresssion was a significant tie breaker. Also keep in mind that a lot of people get shafted by both parties and have given up.
I don’t blame them.
To be honest, I would be more inclined to accept this if literally every state in the country hadn’t shifted rightward, including deep blue states that not only didn’t engage in voter suppression but also aimed to expand voting rights.
California of all states stared looking competitive. There was no voter suppression going on there.
So you don’t accept that voter suppression is an overall issue in other states because California is expanding voter access?
ok
50 out of 50 states shifted to the right for one reason or another. Voter suppression has nothing to do with that.
You can either blame the voter suppression boogeyman or you can try to figure out why even deep blue states with no voter suppression started shifting rightward. Whatever makes you feel better.
It is a combination of things, voter suppression being one of them and a common tie breaker in battleground states.
When there is a shift, voter suppression is a common denominator on flipping close states. I’m just talking about one part of the overall issue, not saying it is the entire issue.
Since California was your chosen state to target:
Trump got less votes this time than before, the Dems lost way more, and still beat him by a pretty decent margin
What this tells you should be pretty fuckin obvious, because it’s been said loudly since before the election: the Dems ran a dog shit campaign that even their usual supporters hated. Courting the Cheney’s was a mistake
I voted against him.
Because he has a penis, and his opponent didn’t.
Also, he’s white underneath that orange makeup.
I’ve convinced myself that’s a secondary concern. We did manage to elect a black human who was articulate, bright, and clean, but who also had a penis. I think that’s the common trait.
True, the penis carries more weight than the skin color, but when you combine no penis and more melanin, it’s a bigger handicap than just the sum of its parts.
True, the penis carries more weight than the skin color
I’ve heard that once you go Black, you never go back, so maybe there is a correlation between penis weight and skin color after all…
but when you combine no penis and more melanin, it’s a bigger handicap than just the sum of its parts.
Ah, but remember that Trump also won against the one with no penis, less melanin, and a lot of buttery males. I think that is conclusive, scientific proof that most voters see a penis as a necessary quality in a President.
Ah, but remember that Trump also won against the one with no penis, less melanin
Yes, and he would have won by more if she had more melanin.
I know someone who is the target demographic for Trump (white, evangelical, 50+ yo man), and refused to vote for him. However, he “couldn’t bring” himself to vote for Kamala.
It’s so stupid
This talking point is just an excuse to shut out AOC.
Remind me again why do non-Americans believed the Americans are one single person?
It takes less mental effort for them.
He’s clearly good for the economy, you just don’t get it. Like adults and applejacks
Caught the moment as the market opened on Friday:
Pulled all of my funds out of the market months ago…
No idea why people thought leaving their retirement funds in the stock market with trump in charge would be a good idea.
The problem is you have to buy back in at the dip. And Noone knows when the dip will be done dipping.
Professional stock traders don’t know when the dip will end, so unless you are retiring in the next year or 3, you need to invest back in something… so start thinking about what that means for you
The problem is you have to buy back in at the dip. And Noone knows when the dip will be done dipping.
Professional stock traders don’t know when the dip will end, so unless you are retiring in the next year or 3, you need to invest back in something… so start thinking about what that means for you
Yes and no.
Let’s say you sell now. Then stocks drop by 10%. (Making up numbers for easy illustration). You wait to see if they’re going any lower, and the next thing you know, stocks have regained 5% of that and are on the way back up. If that’s the point where you buy back in, and assuming they don’t drop again, you’ve still come out well ahead.
It’s not so much about “buying the dip”. It’s knowing when the dip is over, things have started rebounding, and getting in before all the losses have been regained.
This is the most important advice for investing right now. Volatility is something you should be considering before investing, not afterwards. Let present holdings ride, and use this as a time to recheck your personal comfort level with investment risk going forward.
It’s fucking great. The money that I moved from my savings account into the market is doing awesome. /s
Napoleon vibes and I don’t mean Bonaparte
Spasti 😂
