Yes, and Tesla is down over 15% today so far and Trump Media and Technology Groupthink is down over 11%. So not everything is bad.
And Bitcoin is falling too! Actually, everything seems to be falling, even gold and crude oil. Trump is a genius. And a great lion tamer.
It definitely says something that these assets are supposed to be “hedges” just move with the overall market.
In 2008 I learned that everything drops together, except for cash. Stocks, bonds, real estate, all of it shit the bed.
DOW is down 2% today. Where it will end up?
A Grandmaster of economic 4D chess.
Down 2% today and almost 6% over the last month. Poor people paying too much for stuff and rich people seeing their wealth go down. Is there anyone that isn’t going to feel this?
All of it.
Number 3 is not plausible. There’s no one in the world more at ease with hypocrisy than Trump.
I had a BTC sell order at 107,000, which was nice, and the USDC that I’m in is a stablecoin that earns interest “rewards.” My philosophy is “don’t time the market,” but, wow, VTI is getting cheap. I hate to ask: is it cheap enough yet?
Trump is taking his ball home and not playing with Canada any longer.
I thought this was a bad attempt at parodying Trump’s writing style, but he actually did post this, with the wrong your/you’re and all.
He’s deteriorating into a parody of himself.
Thanks for posting that. And I just realized I can get a clean Truth copy to embed without have a Truth account (never would do that).
I’d take that question to the investment discussion but as a guy who has the best month of investing in his life as shit falls apart, which basically makes me Warren Buffet Jr*, I would absolutely not. There’s a lot of further to fall, we’re nowhere near the bottom.
* overconfidence is a slow and insidious killer
At this rate, the Standard and Poor’s is just going to be Poor’s pretty soon.
What are you talkin’ about? This is a magnificent team in the White House. They say so themselves:
MR. MUSK: And President Trump has put together, I think, the best cabinet ever, literally. So, I — and I do not give false praise. This — this is an incredible group of people. I don’t think such a talented team has actually ever been assembled. I think it’s literally the best cabinet that the country has ever had. And I think the companies should be incredibly appreciative of the people in this room.
It goes on and on like this for pages on end. In the official White House webpage. Prayers included.
Prayers ain’t gonna help. But if you have billions that you ain’t worried about, this won’t hurt. You’ll still get that yacht I’m sure.
Okay, but couldn’t he just lie his way out of this? Claim the economy is doing great no matter what the numbers are, over and over? It’ll get spread and believed. Hell, since a lot of the economy is consumer perception, he could actually make it come true, right? Why not? It completely fits the pattern of discussion.
(This, incidentally, is why I wonder at the folks saying he’s waiting for an excuse to pull a Reichstag. Whenever he wants, he can just say something happened. Trans terrorists nuked NYC! Why not, Portland is already burnt down, isn’t it?)
I think when folks logon to their IRA/401, they’ll notice something different about the state of things. I think your general point is probably true though. People voted for Trump because he wouldn’t shut the fuck up about how bad the economy was doing, and that wasn’t true. Now that the economy is truly starting to do badly, he’ll stop talking about it and the problem will vanish from Fox News.
BTW, DOW is looking good today. Currently down 7.5% over the last month.
What DOW? The one I see is down 1.5% today.
That same one. Down 1.5% today, 7.5% over the last month.
I was being sarcastic.
Ahh, yeah.
Looks like the news of Trump adding even more tariffs to Canadian steel and aluminum is not helping. Over on Fox News, the headline is: “Power move. Trump fires back at Canada with new tariff threat over targeting of US ‘electricity’” Yeah, great power move
Wait, the new energy tariffs are coming from Canadian Donald Trump, Doug Ford. This should be “fun”.