US stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fears
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Oh gosh I really hope no one could have predicted this and used these information to make themself and their friends short the market to gain an incredible amount of money
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"shed" try "bottom out" or "nosedive" or "crash" or "fell off a cliff into total oblivion" or "oh my god my retirement account!!" you know. be honest.
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Oh common it's not that much.
So how much is that really? And I found out it's only about the same as 2 Apples!!https://finance.yahoo.com/quote/AAPL/
/s
PS.
We sold our American stock a few months ago, in part to boycott USA. So thank you Trump for making us do that.
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Hooray!! We've been liberated from our retirement earnings!
I'm looking ahead at one bleak, empty future. One that wasn't there last week. It's really starting to sink in how the entire country is becoming one big crater. And there's a portion of the population celebrating. They won't be for very long once things really start rippling and their shitty little businesses stop pulling in money
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The 8 largest Dow Jones drops in American history:
- Trump, 3/16/20
−2,997 - Trump, 3/12/20
−2,352 - Trump, 4/4/25
−2,231 - Trump, 3/9/20
−2,013 - Trump, 6/11/20
−1,861 - Trump, 4/3/25
−1,679 - Trump, 3/11/20
−1,464 - Trump, 3/18/20
−1,338
Winning.
While true, it's not really fair to attribute the march 2020 covid drops to Trump. Every market on earth tanked, and there wasn't much any admin could've done to stop it.
This however, was 100% in Trump's control and is 100% self-inflicted. Has any US admin ever tanked the markets entirely on their own, in all of history... I mean, apart from the Republicans ~100 years ago (hilariously, also with Tariffs)?
- Trump, 3/16/20
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The 8 largest Dow Jones drops in American history so far.
I’m sure next week will be a blast 🫠
I suspect a dead cat bounce at the very least next week.
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womp womp.
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Rich people are loosing imaginary money.
Poor people, prepare to be punished -
If you have cash tucked away, moments like these are a time to buy. Think of it like a Steam sale for your future pocketbook.
I picked up a few thousand shares of oil stocks in March 2020 for 50-75 cents, sold them for $12.50 in 2023 (thanks Permian Resources) and then paid off my student loans and put a down payment on a condo.
Be greedy when everyone else is fearful - Warren Buffett
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Rich people are loosing imaginary money.
Poor people, prepare to be punishedWhen the stock market is up, rich people buy new yachts, if the stock market is down, normal people start starving.
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If you have cash tucked away, moments like these are a time to buy. Think of it like a Steam sale for your future pocketbook.
I picked up a few thousand shares of oil stocks in March 2020 for 50-75 cents, sold them for $12.50 in 2023 (thanks Permian Resources) and then paid off my student loans and put a down payment on a condo.
Be greedy when everyone else is fearful - Warren Buffett
That’s only true if there’s an end in sight.
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That’s only true if there’s an end in sight.
Respectfully, you have to ignore centuries of history if you think there isn't, and the fact that all of this has happened in the US before and it recovered.
All it takes is patience, but it's important to remember that you only get a handful of buying opportunities in a lifetime. They don't come around often enough to ignore.
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Respectfully, you have to ignore centuries of history if you think there isn't, and the fact that all of this has happened in the US before and it recovered.
All it takes is patience, but it's important to remember that you only get a handful of buying opportunities in a lifetime. They don't come around often enough to ignore.
Of course humanity as a whole will continue. That doesn’t mean you, personally, are immune from the chaos and death that fascism brings.
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Respectfully, you have to ignore centuries of history if you think there isn't, and the fact that all of this has happened in the US before and it recovered.
All it takes is patience, but it's important to remember that you only get a handful of buying opportunities in a lifetime. They don't come around often enough to ignore.
Must be nice to have money to invest for some later day when most people are trying to cover their bills today.
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Of course humanity as a whole will continue. That doesn’t mean you, personally, are immune from the chaos and death that fascism brings.
You're not wrong.
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Internal US News is not World.
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