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Have you seen what was going on when Trump win was confirmed? Stocks that day shot up. Now it is correction time both on going back to indicators instead of hy
by ozim 2y ago
Have you seen what was going on when Trump win was confirmed?
Stocks that day shot up. Now it is correction time both on going back to indicators instead of hype and correction based on newly elected administration actions instead of people hopes.
- burkaman 2y agoI noticed this with Tesla, at a glance it looks like it is in freefall, but it's actually just returned to the relatively stable level it was at before the election. It seems like investors were hoping Elon would be able to leverage his position for some kind of large-scale corruption in Tesla's favor, and are now deciding that isn't going to happen.
- svara 2y agoYour whole thesis rests on assuming that the price will stay where it just so happened to be at stock market closing yesterday. It's a bit early to say that, don't you think?
- immibis 2y agoMy impression, as someone who bought USA index funds after the Trump election, and then sold them (at a loss) a few days ago, was that the Trump administration would do everything it can to funnel money from average people to investors. My impression now is that the Trump regime is too incompetent to achieve that, and might even just throw away the USA's exorbitant privilege of being the global reserve currency. Note that being the global reserve currency is the same thing as having a colossal trade deficit, and that a colossal trade deficit is the same thing as a colossal surplus of goods and services. I wonder if Trump thinks it's bad just because of the word "deficit". [e^iπ]: https://en.wikipedia.org/wiki/Exorbitant_privilege https://en.wikipedia.org/wiki/Exorbitant_privilege