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Isn't the market sell off exactly what oligarchs would want so they could sweep in and buy what's being sold off so their portfolios expand that much more. Ulti

Isn't the market sell off exactly what oligarchs would want so they could sweep in and buy what's being sold off so their portfolios expand that much more. Ultimately, leaving less available for the 99%ers when the market rebounds leaving the oligarchs that much more in control.

steveBK123 2y ago
Not really. Too complicated. Trump is not a complicated man. Also if you are wealthy you have more money in the market than sitting in cash, so crashes hurt more than help you.
- dylan604 2y ago
  How is this too complicated? All of the oligarchs surrounding Trump knows that if they manipulate him to their advantage, he's not bright enough to know it. So, they realize how much he loves the beautiful word "tariff", and the nudge him even further. Voila! It's win-win
- jredwards 2y ago
  That's generally not true. Crashes hurt everybody, but rich people making a killing during the recovery.
gruez 2y ago
This seems epistemically dubious. If Trump decided his first act as president was to cut corporate taxes instead, and stocks rallied, I bet the same people are going to complain about how "this is exactly what oligarchs want". Short of a communist revolution, what wouldn't oligarchs want?
rich_sasha 2y ago
Their "money" is actually shares too, so when market crashes, they get poorer. So probably not in their benefit.
- apexalpha 2y ago
  As usual one man is ultra prepared for this. Buffet has been sitting on a massive pile of cash for some time now...
- ZeroTalent 2y ago
  The opposite is true. We hedge our bets (hence the name hedge funds) so that in market downturns, we use the profits from these weird investments that hit the green without liquidating the typical stocks. We use that money to buy the dips on regular stocks, failing businesses, and cheap real estate. Then, the market rebounds, and we still have our SPX without taking losses. You only get richer once you hit approximately $20M net worth and understand this. Institutional investors love recessions. At my trade desk firm in Chicago (CBOE) during Covid we were each making the firm like $300k/hour scalping retails with a 20% cut.
  - rich_sasha 2y ago
    Hmm. Millenium and Citadel are down Q1. Many hedge funds are not at all hedged, in fact many (most?) are long only these days. And even then, the uncorrelation to markets is a bit tenuous. But glad things are going well for you in your universe.
    - ZeroTalent 2y ago
      Please reread my comment, slowly. And perhaps Google about hedge funds a bit to understand how they make money. Of course most are down now... The whole point is not all hedge funds are supposed to outperform SPY, hence the name "hedge." They make money on fees.
  - rurp 2y ago
    You're painting with an awfully broad brush here. Hedge funds make large directional bets all of the time. Clearly they don't all carefully hedge given how many funds have blown up in past downturns.
    - 2y ago
Gigachad 2y ago
It’s not bouncing back this time. The entire world has a distrust of the US that’s probably going to last a generation.

steveBK123 2y ago

Not really. Too complicated. Trump is not a complicated man. Also if you are wealthy you have more money in the market than sitting in cash, so crashes hurt more than help you.

dylan604 2y ago
How is this too complicated? All of the oligarchs surrounding Trump knows that if they manipulate him to their advantage, he's not bright enough to know it. So, they realize how much he loves the beautiful word "tariff", and the nudge him even further. Voila! It's win-win
jredwards 2y ago
That's generally not true. Crashes hurt everybody, but rich people making a killing during the recovery.

gruez 2y ago

This seems epistemically dubious. If Trump decided his first act as president was to cut corporate taxes instead, and stocks rallied, I bet the same people are going to complain about how "this is exactly what oligarchs want". Short of a communist revolution, what wouldn't oligarchs want?

rich_sasha 2y ago

Their "money" is actually shares too, so when market crashes, they get poorer. So probably not in their benefit.

apexalpha 2y ago
As usual one man is ultra prepared for this. Buffet has been sitting on a massive pile of cash for some time now...
ZeroTalent 2y ago
The opposite is true. We hedge our bets (hence the name hedge funds) so that in market downturns, we use the profits from these weird investments that hit the green without liquidating the typical stocks. We use that money to buy the dips on regular stocks, failing businesses, and cheap real estate. Then, the market rebounds, and we still have our SPX without taking losses. You only get richer once you hit approximately $20M net worth and understand this. Institutional investors love recessions. At my trade desk firm in Chicago (CBOE) during Covid we were each making the firm like $300k/hour scalping retails with a 20% cut.
- rich_sasha 2y ago
  Hmm. Millenium and Citadel are down Q1. Many hedge funds are not at all hedged, in fact many (most?) are long only these days. And even then, the uncorrelation to markets is a bit tenuous. But glad things are going well for you in your universe.
  - ZeroTalent 2y ago
    Please reread my comment, slowly. And perhaps Google about hedge funds a bit to understand how they make money. Of course most are down now... The whole point is not all hedge funds are supposed to outperform SPY, hence the name "hedge." They make money on fees.
- rurp 2y ago
  You're painting with an awfully broad brush here. Hedge funds make large directional bets all of the time. Clearly they don't all carefully hedge given how many funds have blown up in past downturns.
  - 2y ago

Gigachad 2y ago

It’s not bouncing back this time. The entire world has a distrust of the US that’s probably going to last a generation.