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u/rust-e-apples1 10h ago
This is real "look how great this group project turned out" energy coming from the partner that showed up halfway through group meetings and then spent their time texting.
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u/Arghianna 10h ago edited 9h ago
Nah, he didn’t even show up to the group meetings, he just made a bunch of bs about how he was the best and the group members are stonewalling him bc they’re jealous and then trying to pre-emptively take credit AND assign blame.
“I did all this work and handed it over to them and they said that it was perfect and they’d put it in the project but they messed it all up!”
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u/bebe_laroux 10h ago
If anyone is interested, here is what it looks like since Trump won the election
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u/dismayhurta 10h ago
Obviously this is because Trump inherited an economy so bad that it only crashed once Trump took over. Deep state and all that
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u/YpresWoods 9h ago
This is legitimately what they’re gonna say unfortunately
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u/dismayhurta 9h ago
Of course. They also blamed Obama for not handling Katrina and 9/11 better.
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u/AlanGrant1997 8h ago
Wait they blamed Obama for HIS handling of something that happened checks notes 8 years before? I feel like I should be surprised, but I’m honestly just not…
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u/andiwd 8h ago
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u/AlanGrant1997 8h ago
Jesus fuck the incompetence on display here is… it’s insane.
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u/RampSkater 8h ago
My other comment was flagged since it contained a link to a Facebook video, so here's the same thing on YouTube but with an irritating commenter. This shows Chump supporters changing their opinions in seconds.
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u/AlanGrant1997 5h ago
It’s not even seconds, it’s instant… how anyone can live like that I don’t know.
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u/micallan_17 8h ago
Know that these people voted in 2024 and put trump in power, it says a lot of the times we are now on.
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u/myburdentobear 9h ago
Biden installed a dead man's switch for the stock market if Trump won!
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u/moonwalkerfilms 9h ago
It's actually stupider...they're saying this is the plan, and that we just need to wait it out, that things will get better "eventually"
No, I'm not kidding. I wish I was. Genuinely some of the stupidest people you know are currently steering this ship we're all stuck on.
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u/tomjone5 7h ago
I seem to remember the same rhetoric around brexit. Sure, it'll obliterate the economy and cause absolute chaos, but eventually something will improve somehow and that'll be proof that it was all worth it.
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u/Bahamut3585 8h ago
It's not stupid if you're already in the .01%, you wait the crash out and buy up the wreckage. It's 2008 all over again
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u/Ok_Armadillo_665 8h ago
It's stupid if you piss everyone off so badly they stop working with you. Causing the dollar to no longer be the worlds currency, countries start calling their debts in. We have nothing to buy up because now China owns a majority stake in the country and they're threatening to repo our military equipment if we don't pay the roughly 900 billion dollars we owe them. We can no longer take on foreign debt with our own currency which means we can't borrow enough to pay our debts to stabilize. The US no longer exists.
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u/Bahamut3585 6h ago
There's no way they "repossess our military" without the US using said weapons to fight back.
Which isn't to say that scenario isn't possible, and the more I think about it the more likely it seems.
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u/zehamberglar 9h ago
The white house press secretary has already said this multiple times.
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u/solemnbiscuit 9h ago
And when a democrat takes over the economy in the shitter they’re gonna blame the democrat that the economy was bad during their term
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u/camcamfc 8h ago
They’ve been saying it, however that was when they were trying to cover for inflation while the stock market was bumbling along. Now people are physically seeing their retirement accounts wiped. I’m no expert on the demographic of those that voted for Trump but I’m assuming a large chunk are about to hit retirement age or just got there.
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u/bestdriverinvancity 10h ago
Something something George Soros, sleepy Joe, Hunters dick
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u/Phylacteryofcum 9h ago
Earth is flat. Aliens built the pyramids. The moon landing is fake. Hillary Clinton drinks the blood of children. I'm probably missing a lot more.
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u/bestdriverinvancity 9h ago
Don’t forget the adrenochrome!
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u/caffeineevil 5h ago
I didn't know what adrenochrome was until someone at a gas station told me about how they scare children so the adrenaline goes into the spinal fluid and then they kill the kids to drain it.
I didn't know anything about adrenochrome so I pulled out my phone, quick search, and said "Why do the elites need to do all that stuff when you can buy it online?"
Source here
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u/Oggie_Doggie 7h ago
Yeah, there's one deep state that's the problem: Republican voter's deep state of delusion.
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u/TinKnight1 7h ago
Not only that, but how dare Biden create a scenario so that the markets would crater the EXACT moment Trump rolls out his massive ChatGPT-created tariff plan??
You know, instead of creating a scenario where he/Kamala/Democrats won the election in the first place & avoided hanging over the reins...
The deviousness! How come Biden never thinks of the repercussions of his actions?!
/s
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u/bloodontherisers 7h ago
All major indexes ended the day below the 1Y mark. So in two days since "Liberation Day" Trump managed to wipe out a year of stock market gains or about 4000 fucking points on the Dow and 600 points on the S&P. We will see what next week and next month and next year bring, but I am not hopeful.
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u/bebe_laroux 7h ago
he'll do the "create problem, fix problem, tell everyone how great he is for fixing problem". MAGA playbook through and through.
I strongly believe COVID was his saving grace last time that he could use to blame all the problems he created on.
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u/bloodontherisers 7h ago
Yep, I have said the same thing. People remembered him bungling COVID but they missed that he was about to drive the economy off a cliff because COVID happened first.
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u/mettiusfufettius 8h ago
He’s just picking up where he left off. Remember his final year of his first term… 2020
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u/Elendel19 8h ago
5077 now lmao
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u/bebe_laroux 8h ago
aftermarket will be wild. Dow is on track to have its 2nd biggest lost in history. Top three all belong to Trump.
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u/Gmony5100 7h ago
Those of us living today know how crazy Trump is because we’re living through it, but I always wonder how students decades from now will learn about him. I learned about presidents in school mostly from their great achievements and terrible mistakes. Like Lincoln winning the civil war, Hoover through the Great Depression, Kennedy and the Cuban missile crisis, etc. I’m sure there were other extremely important things they all did, but those tend to get overshadowed for obvious reasons.
What will those be for Trump? Will it be the felonies? The rape accusations? The total destruction of political decorum? The upside down Bible? The access Hollywood tape? The documents in mar-a-Lago? Lying about the documents in mar-a-Lago? The two impeachments? January 6th? His Supreme Court picks? His Covid handling? The tariffs? Or maybe something else he’ll do in the next four years? Seeing your comment just added another to the list.
I can’t imagine learning all of that as a kid and then learning that everyone just let this happen. It would be unbelievable to learn about watergate and then learn that just 50 years later a different politician got away with all of this.
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u/bebe_laroux 6h ago
The rest of the world is going to learn about this in history the same way we learned about Hitler and wonder why no one stopped him.
I doubt the US will though seeing as you still have states that teach the civil war was about states rights. As a Canadian I find that one hilarious. I've read the declaration of succession and anyone who has who denies it was about slavery is just straight up lying.
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u/postmodest 7h ago
What's even better is that the 5y version also manages to omit the 1000-point drop when it became obvious Trump 1.0 wasn't going to stop COVID, and the previous 500-point drop in 2018 when he announced a trade war with China.
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u/RollinThundaga 5h ago
You can see the moment it goes from BAU to "oh, he's serious about those tariffs... OH FUCK HE WAS SERIOUS ABOUT THOSE TARIFFS!"
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u/TeeManyMartoonies 4h ago
I’ve been pulling up the big 3 almost daily this week to see what the comparisons were since the election. I’m going to be sad when it gets too far for us to see that date any longer.
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u/Darkwhippet 10h ago
And remind us all - who was president for most of the growth before the sudden fall we've just had?
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u/crinkum_crankum 9h ago
During most of the previous 5 years Amy is so pleased with? That would be Scranton’s own, Joseph R Biden.
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u/DatDamGermanGuy 10h ago
When we brought this up 8 month ago, we were called out-of-touch
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u/falaffle_waffle 8h ago
I mean yeah. The stock market was doing well despite the working class not being able to afford anything. You were out of touch for focusing on the first part and not acknowledging the second. Now the stock market is going to shit in addition to everything is becoming even more unaffordable. If you still acknowledge the first part but still don't acknowledge the second part, then you're still out of touch.
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u/Ffffqqq 8h ago
https://www.factcheck.org/2024/06/competing-narratives-on-real-wages-incomes-under-biden/
Biden made a similar claim to Yellen’s in an interview with Time Magazine on May 28, arguing that “wage increases have exceeded what the cost of inflation, which you’re talking about as the prices that were pre-COVID prices.”
By all the three measures we’ve evaluated, Biden and Yellen are correct.
Real average hourly earnings (calculated by adjusting nominal average hourly earnings for inflation using the CPI-U) increased by 1.20% between February 2020 and May 2024, while disposable per-capita real personal income increased by 6.06% between the fourth quarter of 2019 and the first quarter of 2024. Finally, real median weekly wages increased by 0.83% between the fourth quarter of 2019 and the first quarter of 2024. These findings support Biden’s claim that the average consumer possesses more purchasing power today than before the pandemic.
Majority of Americans say the economy's bad, but their own finances are good
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u/Memedotma 8h ago
People citing the stock market's performance as a metric for how well the average person is doing will forever be bonkers to me. The economy is more than just "line go up!!"
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u/KakeruGF 7h ago
Well many people's retirement and 401k is based on the stock market. It may not mean much to a 30yo but if I was in my 60s I would be sweating right now.
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u/APoopingBook 7h ago
Okay but that simplifies an overly complex discussion into a "gotcha" that's more wrong than correct.
These conversations act like "Market up but average person broke" is the end of the discussion, when really it should be the start. Because the most logical question, and the one we are getting the worst answer to right now, should be "But would they be broker if the market wasn't up?"
It was the average voter's job to learn the answer to that question. The Dem's showed their work and told you that you could expect more of what they had brought: Putting out an apartment fire slowly but steadily. But everyone said "Hey they aren't putting out the fire fast enough! Let's elect the people who started the fire." Meanwhile the Democrats kept saying "We are putting out the fire as fast as we can and we expect to continue putting out the fire, but we could go faster if we had a little more power in Congress..."
Utterly stupid to try to blame them for this because they rightfully pointed out that they were helping the economy recover in a much quicker, much more effective way than we even hoped. That's what they SHOULD have been pointing out. It was all the dumbfucks who bought into this propaganda that "oh they're out of touch because they say things are recovering but do you feel rich yet?" that took that message at face value.
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u/Memedotma 7h ago
Not blaming anyone or saying "It's the dems!!" etc. or anything like that. The fact is the cost of living has been increasing for the average person, and people feel it. All the while wealth inequality is getting worse too. Pointing to the stock market growing and therefore concluding that the "economy's looking good, great work everyone" is disconnected and is exactly what lead to the "vibecession" phenomenon.
I said in another comment effectively that as long as the cost of living, debt, etc. keeps growing for the average person, any incumbent government will see a decline in popularity over the course of their term. Obviously Trump is about to make that a lot worse.
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u/DazeDawning 5h ago
I generally agree with you in the sense that the Democrats offered a better vision for the future, but I wish we had options other than the stewards of the Dow Jones vs walking arson.
Two of my adult siblings live at home despite working full-time jobs and the one who lives alone has a degree and works THREE jobs, still has the lion's share of their rock-bottom rent paid by family, and is currently struggling under the debt accrued from getting a health condition DIAGNOSED, not even treated, with insurance. I want to stress that all of us were Harris voters, but it sucks that the only candidate who was willing to even pretend to notice how hard it is to keep your head above water in lower income brackets was the guy currently nuking America's economy and international relations from orbit.
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u/SailingCows 8h ago
Completely agree. And seriously we should talk a lot more about corporate fuckery, because. Or talking about the second part got us all into this rather unpleasant place.
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u/absenteequota 10h ago
"things aren't so bad when you compare them to right in the middle of a global pandemic!" is not the win she wishes it was
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u/perpetualmotionmachi 1h ago
Also, if you ignore where that current dip started. This is basically a "the economy gained steadily during the Biden admin" post
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u/whitemuhammad7991 11h ago
Slightly annoying that I live in France and my stocks have all plummeted for a guy I never even got to vote for at all (obviously I wouldn't have)
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u/IRMaschinen 10h ago
You do your part to keep the National Front out of power, and we’ll do our damndest to unfuck things over here.
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u/whitemuhammad7991 10h ago
I'm not French I don't get to vote for that either lol
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u/Basket_Of_Snakes 10h ago
Oh, I see, you're some kind of skinwalker then? No wait you said you weren't French
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u/Off-BroadwayJoe 10h ago
If it makes you feel better or worse, most Americans didn’t vote for him either. This is why this office shouldn’t have this much unilateral power.
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u/justjess8829 10h ago
It doesn't. He is far overreaching the bounds of his power and continuing beyond court injunctions to stop him. And congress isn't doing shit to check it because the GOP is a cult and the Dems are two cents more than worthless
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u/TheFatJesus 9h ago
It doesn't/didn't. Congress has given over a hell of a lot of their power to the executive branch over the past century or so.
Tariffs are a tax. Only Congress can levy taxes. But after we started using income taxes, they passed that authority to the executive branch for the president to play with. Now Trump is doing whatever the hell he wants because the GOP doesn't have the balls to check him.
Congress are the ones that declare war. But they decided it was easier to just let the president do whatever they felt needed to be done and just tell them about within a couple of weeks. Now Trump is posturing against Iran.
Also, US Marshals were under the control of federal court districts until the 1960s when Congress created the United States Marshal Service within the executive branch. Which is why Trump can ignore federal judges with impunity.
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u/SuicideTrainee 9h ago
So real man, I'm Canadian and my investment plans have lost $200 from a high of like, +1200, I'm so worried about my house savings
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u/thufirseyebrow 10h ago
Friendly reminder, the stock market's performance is only an indicator of the country's economic health when Democrats are in office and should be utterly ignored when Republicans are in power. Unless it's doing well, then it's totally a sign that Republican leadership is best for the country.
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u/-Codiak- get fucking killed 10h ago
The other day someone was praising a Tesla bump "Tesla is up 5%, from yesterday" Yeah dawg, down 50% since Trump took office...
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u/AlexDavid1605 10h ago
Oh wait till they turn up with the 100 year chart, with the way things are going. They'll start the depths of the Great Depression and start using it as the base line...
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u/TheJaybo 10h ago
We've only lost 1 full year of gains.
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u/EdgySniper1 9h ago
In less than a day, no less.
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u/azrolator 9h ago
Even being generous and calling it 3 months -3x48 months of a Trump term - 816% drop. At this rate, at the midterms, s&p500 will be down 408 points and it's very possible we see a supermajority dem Congress. The big cities will be a tough one though if voters will have to climb over all the investor bro bodies splattered on the sidewalks.
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u/angryvetguy 10h ago
The YTD tells a much different story.
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u/ark_keeper 7h ago
Day after inauguration it was at 6086. Over 1,000 point drop since inauguration.
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u/aecolley 10h ago
And, er, what happened to it exactly five years ago, exactly? Just off the left edge of the graph there.
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u/dirtymatt 9h ago
Yup, if you start that comparison 2 months earlier, it drops to an increase of 52%.
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u/PhaseNegative1252 10h ago
Did they not see the part where it dropped the most points in a single day since the pandemic? Something tells me they're quite aware of this and want to skew the data so it doesn't look as bad a it is
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u/OutlandishnessOk2304 11h ago
And guess who was in charge for most of those last five years, idiots?
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u/LordofDsnuts 9h ago
Weren't they saying Trump was the shadow president while also blaming Biden for anything that went wrong?
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u/ComicsEtAl 10h ago
You think it would take too long to walk from NYC to Los Angeles.
I know it would take far less time than it takes to walk from NYC to Saturn.
We are not the same.
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u/WordNERD37 10h ago
Curious, and who was president for like ALL that time....
Is it, a challenge for them to wipe out as much gains as humanly possible?
"135% gain over the last half decade? Well boys, let's nuke that shit before the weekend! Papa needs to get up bright and early on Monday for those breadlines!
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u/GilgameDistance 10h ago
It is really a beautiful self own she posted there, isn't it?
Less than three months (and I'm being generous, really its two days) to wipe out about half of 5 years worth of gains. Not the flex you think it is, Ames.
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u/mirage01 10h ago
She is right. Yet these same people forget that Biden was President for most of that. Trump in just a few weeks has wiped out 17% of those gains.
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u/Cold_Barnacle_1058 10h ago
The thing to consider is it’s not just the stock market that tells us a not so bright future is in store for us.
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u/blackmobius 9h ago
How bad ia the market under Trump?
response: Biden had a good market all along
Thats how bad its going
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u/tessthismess 9h ago
Nice, the stock market is worth nearly 20% more than....the start of a global pandemic that was a massive disruption to trade, production, and spending.
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u/huskerdev 8h ago
So you’re telling me the stock market wasn’t actually bad during the Biden administration? Never would have known it from the trumpers
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u/_-Tabula_Rasa-_ 10h ago
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u/video_dhara 9h ago
What is that even? I’ve looked at NASDAQ, NYSE, DJI, S&P and none of them show that drop…a plateau through February and then decline. Shit is bad enough, no need to pull up random-ass charts
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u/ImFeelingTheUte-iest 10h ago
WHY ARE YOU COMPLAINING ABOUT LOSING OVER 10% OF THE LAST 5 YEARS OF GAINS IN TWO DAYS!?!?!?!?!?!
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u/Eccentric_Fixation 9h ago
Now do one year. A whole year's gains wiped out in 2 days by intentional mismanagement by Trump
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u/juiceboxedhero 10h ago
Who was president for the majority of the last 5 years? Not a trick question.
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u/mettiusfufettius 8h ago
Lol yeah it’s grown so much over the last 5 years… hey can anybody tell me who was in charge 5 years ago and why the whole market was down? Oh ok… and who took charge and help gain back those 2020 losses? Oh ok… and who is in charge again now while the market takes another dump? Oh ok…
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u/justjess8829 10h ago
Lmfaooo esp because 5 years ago was like the 2nd or 3rd worst it's ever been. Remember how they lost like a trillion dollars right after COVID started? Hilarious time to compare to.
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u/Haschen84 5h ago
Oh sorry that was YESTERDAY today we went down another 400 points. Goddamn dude, we are so cooked.
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u/falaffle_waffle 8h ago
The S&P is now only up 2,195,936.86% over the last 100 years instead of 2,195,953.86%.
And everyone at CNBC is crying.
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u/don-again 10h ago
Where were these outlooks when Biden was president 🤔
Dow would lose 50 points and foxsplainers would have us believe it’s Armageddon.
Where ya at now Laura Ingram?