4 ms·
> What's actually wrong with them. Market manipulation. 1. Sell. 2. Threaten tariffs. 3. Buy. 4. Walk back tariffs threats. 5. Repeat. With the secret step 0:
by delecti 2y ago
> What's actually wrong with them.
Market manipulation. 1. Sell. 2. Threaten tariffs. 3. Buy. 4. Walk back tariffs threats. 5. Repeat.
With the secret step 0: Pay enough of an Indulgence to get in the loop of when those are going to happen, and to stay in their good graces so the DoJ doesn't hit you for insider trading.
- arrrg 2y agoThat doesn’t make sense to me. Money is not an end. It’s a (one) tool to get there. To the ends you want. To some sort of change in the world you want to achieve. On that front this is incoherent. I vote incompetence.
- slg 2y ago>Money is not an end. It’s a (one) tool to get there. To the ends you want. To some sort of change in the world you want to achieve. Maybe for the overwhelming majority of the population, but it simply isn't the mindset of the billionaire class that supports Trump.
- disqard 2y agoI think you're operating in Marx's C-M-C circuit. Nothing wrong with that, of course (I'm that way too). A lot of the finance folks work in an M-C-M' world, where Money (M) is the alpha and the omega, so you see this kind of (IMO) perverse behavior. I've found this mental model helpful in explaining these kinds of behavior.
- dataviz1000 2y ago"Gutsy Traders Make $1.5 Billion Triple-Leveraged Bet on Nasdaq 100" [0] This was Monday morning when it was trading ~$40. It is at $53 now. What is 20% increase on $1.5 Billion? $300,000,000. [0] https://www.msn.com/en-us/money/markets/gutsy-traders-make-1-5-billion-triple-leveraged-bet-on-nasdaq-100/ar-AA1CxGoP https://www.msn.com/en-us/money/markets/gutsy-traders-make-1...
- natebc 2y agoI wonder how many executive branch staffers and their kin and kind bought the dip? It's a pretty gross thing to think about.