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If anyone had advanced warning, you could have made a fortune today: https://www.marketwatch.com/livecoverage/stock-market-today-dow-eyes-700-point-dive-s-p-50
by bhouston 2y ago
If anyone had advanced warning, you could have made a fortune today:
https://www.marketwatch.com/livecoverage/stock-market-today-dow-eyes-700-point-dive-s-p-500-nasdaq-fall-treasury-yields-spike-as-tariffs-hit?mod=home_lead https://www.marketwatch.com/livecoverage/stock-market-today-...
- sigwinch 2y agoLearned their lesson and formed a whole new Signal group.
- thenayr 2y ago[dead]
- carabiner 2y agoI bought VOO and AMZN yesterday. First time buying an individual stock since pandemic. Kicking myself for not buying more. Still waiting a week to possibly buy more if there's another shock, but if the market's up, I'll buy less.
- ackbar03 2y agoThat's stock speculation for you, everything you do is wrong in retrospect
- carabiner 2y agoI just buy during big fucking crises, either individual stocks or index funds. Front page of the NYT type shit, "existential threats" to 100+ year old concerns. Boeing, Toyota, pandemic. Such opportunities only come up every 2-3 years or so. Sell after 1-2 years to get the lower tax rate.
- fragmede 2y agoDCA and time in market beat trying to time the market. If you're doing nothing all day but refreshing Twitter and Robinhood maybe there's some alpha but that's too much involvement for me.
- immibis 2y agoThe first sentence is a thought-terminating cliche and is not true. Correctly guessing the shape of the Trump tariff crash was worth an entire year in the market. Crashes that don't instantly reverse themselves tend to be more like ten years.
- fragmede 2y agoyes but unfortunately for me, I don't have insider information or a time machine. If you had $10,000 today, where would you put it?
- 0cf8612b2e1e 2y agoFeels equally plausible that there would have been an across the board increase in tariffs just to look tough. There is no logical analysis of the current situation.
- outer_web 2y agoBe careful with Amazon, the algos seem to have not realized China is still being tariffed.* * Observation valid for the next 30 seconds. Certain restrictions apply.
- bgirard 2y agoLots of stocks are up 10-15% instantly after this announcement. Curious if we'll get reports of suspicious options volume capitalizing on this information.
- NooneAtAll3 2y agowhy do people still trust stock markets if manipulating them is that easy?
- NewJazz 2y agoAs 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-comment/ https://www.snopes.com/fact-check/donald-trump-fifth-avenue-...
- hn_throwaway_99 2y agoYour question presupposes something I think that most people do not believe.
- taeric 2y agoTo be clear, here, this form of "manipulation" is kind of impossible to really deal with? Or do you have something in mind that should be able to more smoothly work with this?
- kevin_thibedeau 2y agoSEC has reversed suspicious trades in the past.
- taeric 2y agoFrom the president of the united states? Especially knowing that controlling tariffs and such are easily argued to be in his core powers, in the current setting, what authority would they possibly have to do something on this?
- arewethereyeta 2y ago[flagged]
- jajuuka 2y agoI'm sure this will be a talking point for the next couple years. "I caused the biggest surge in the stock market in 5 years."
- codedokode 2y agoI think he prefers a phrase "in American history ever".
- 0x5f3759df-i 2y agoLike if the president had posted that “now is a great time to buy DJT” 15 minutes before announcing the pause?
- AnotherGoodName 2y agoSpy 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.
- deleted 2y ago[deleted]
- BJones12 2y agoRegardless of whatever happened today, it's never a good time to buy $DJT because 1) it's not profitable and 2) holders are slowly continually liquidating in a complicated manner explained by past Money Stuff articles.
- torlok 2y agoThe actual quote is "THIS IS A GREAT TIME TO BUY!!! DJT", which makes DJT either a signature and a call to buy the market if he can form a valid sentence, or a call to buy NASDAQ:DJT if he can't form a valid sentence. Take your pick. It's market manipulation either way.
- dualbus 2y agoOn DJT: Donald John Trump.
- dboreham 2y agoActually 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).
- emseetech 2y agoThose 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.
- Terr_ 2y ago> Those aren't guaranteed. Yeah, if we lived in that world, Trump would have been removed from office during his first term for all the crimes. It's worth noting that impeaching and removing Trump from office now would actually take fewer votes than the business of overriding the import taxes he's trying to impose with "Canadian fentanyl is scary" emergency powers. As a big bonus, voting to remove him entirely leaves everyone far safer. He's gonna have a guaranteed tantrum of scorched-earth revenge no matter what you do, but this way he won't have official power to do it with.
- readthenotes1 2y ago3. Carve outs are made for high dollar donors like AAPL (which went up with everything else even though it is now subject to an even more terrific tariff) Trump's whole schtick was that #1 - - get countries to negotiate. Except China. The USA gets 25% of it's bandages from there, and that's no way to prepare to defend Taiwan.
- whalesalad 2y agoBy the same token, 24 hours and a tweet can have it all come crashing down once again. Nothing is real anymore.
- gorgoiler 2y agoThe first order fraud would be market manipulation run by the commander in chief. The second order play would be for Trump to tip his associates off that he was going to do this and let them profit handsomely from the bump. Congratulations Mr President: your lackies love you because they profited from fraud but moreover you now have grade A kompromat on all of them in the form of your Signal chat records showing they were complicit in market fraud!
- Terr_ 2y agoRemember how every other President put their assets into a blind trust? Shit like this is why! It deterred them from firebombing the entire goddamn economy to make a buck for their friends and followers!
- fragmede 2y agoJimmy Carter's peanut farm remembers.
- WillAdams 2y agoI remember how Jimmy Carter had to sell the family farm because it was viewed as a potential conflict of interest and how Mitt Romney's father, when making his run, when asked for a single year of tax returns made them all public, arguing that a single year could easily be manipulated to show anything, and that only by seeing the entirety of multiple years could an accurate evaluation be made.
- opo 2y ago>I remember how Jimmy Carter had to sell the family farm because it was viewed as a potential conflict of interest ... Are you sure you remember that? Jimmy Carter put his farm in a blind trust, he didn't sell it. https://www.usatoday.com/story/news/factcheck/2023/02/24/fact-check-jimmy-carter-put-peanut-farm-blind-trust-during-term-president/11340029002/ https://www.usatoday.com/story/news/factcheck/2023/02/24/fac...
- WillAdams 2y agoFair. https://www.tastingtable.com/1204239/why-president-jimmy-carter-gave-up-his-peanut-farm/ https://www.tastingtable.com/1204239/why-president-jimmy-car... notes: >Carter sold all his personal stocks, and he put his interest in Carter Warehouse and Carter Farms into a blind trust.
- grandempire 2y agoTrump is already a billionaire and is in his 70s. No explanation of his behavior in terms of gaining money makes sense.
- chevman 2y agoLearn about limit and stop loss orders, come in handy in times of high volatility I am finding :)
- thrownaway561 2y agowhen the market dropped 1100 points in a day was the time to buy. Buy the DIP!!!
- SpicyLemonZest 2y agoNotably, there was a headline that went viral on Twitter earlier this week that the White House was considering this, but after they denied it it was widely understood at the time to be fake news. How many of the people spreading it, I wonder, knew it was really true?
- cm2187 2y agoProbably lots of happy white house staffers and congressmen today.
- kart23 2y agohttps://truthsocial.com/@realDonaldTrump/posts/114308272725981913 https://truthsocial.com/@realDonaldTrump/posts/1143082727259... > THIS IS A GREAT TIME TO BUY!!! - @realDonaldTrump today at 6:37 AM PST
- java-man 2y agoHow is this legal??
- deleted 2y ago[deleted]
- echoangle 2y agoDoesn't matter if it is, he would just pardon himself. Edit: On second thought, he wouldn't even have to, since he already has immunity anyways.
- glitchinc 2y agoUsing a personal account to post comments to social media is not an official act.
- dralley 2y agoThe entire concept of "official act" does not actually exist. It wasn't defined in the Constitution, and neither was it defined by the Supreme Court when they invented it from whole cloth.
- blasphemers 2y agoCourts have already determined it's an official act by Congressman and Senators to shield them from defamation lawsuits.
- echoangle 2y agoHow sure are you that the supreme court agrees with you?