r/WallStreetbetsELITE 8d ago

MEME Didn't see this coming

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58.8k Upvotes

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65

u/yldf 8d ago

I did see it coming. Just got the timing wrong, expected the honeymoon phase to last a couple months longer.

38

u/GenericAptName 8d ago

SAME!!! It's fascinating how quickly he managed to tank markets, Trump Taj Mahal lasted longer than this.....

2

u/NoSherbert2316 8d ago

What about Trump Plaza?

2

u/Nahmum 8d ago

Normally it's an accident. This time it was deliberate. Putin happy. 

2

u/CrushTheRebellion 7d ago

Trump steaks lasted longer than this...

1

u/GenericAptName 7d ago

Trump University

1

u/Zcrash 8d ago

Turns out all you need to do to rapidly turn a growing economy into a shrinking one is just make everyone pretty nervous.

1

u/no_use_for_a_user 8d ago

Are you sure it's not just a pump and dump scheme? Cause traders could make trillions knowing when it's about to pump or dump.

1

u/waltwalt 8d ago

Gotta get the interest rates to go down so the 8 trillion dollar debt refinances at a lower rate and in three months they are gonna print money like crazy and buy it all up again.

7

u/sourmeat2 8d ago

Lol, converted my 401k holdings to 50% bonds in January. I expected him to do exactly what he said he'd do and I haven't been disappointed. Dude is exactly a smart as he sounds.

1

u/ThatOnePatheticDude 7d ago

What if he gets the keys to the printer room? It's still not too late for me to exit, but I don't know what to enter into lol

I've been buying international stocks to have something, but those would probably tank along America, just not as hard

1

u/nexus8516 7d ago

Everything I have is down massively, it's half s&p 500, rest international.

1

u/ThatOnePatheticDude 7d ago

I'm down like 10% from my ATH, but given that it was after a big rally, it doesn't feel that bad.

And I think we can still do much worse... Maybe not, but I don't find it unlikely

1

u/nexus8516 7d ago

Yep, I reckon it'll probably get worse before it gets better.

1

u/IDontWannaBeAPirate_ 5d ago

Problem with pulling out is I'll for sure miss the rally.

Shits going to tank, people will turn on Trump, and he'll reverse course on tariffs. Or we're going to be in the next great depression. One of the two.

1

u/Fair_Lecture_3463 7d ago

I didn’t touch my 401k or Roth just because I have decades to go with that.

But I pulled every other penny I had out of the market and have it parked in a HY savings fund.

The amount of people on the Fidelity thread yelling at me that I can’t “time the market”. Unreal. We’re clearly heading to disaster. I don’t need to hit the exact bottom. I just need to be better than I was.

6

u/Just_SomeDude13 8d ago

Same. I expected him to putz around with random fluffy bs for a few months while riding the Biden economy as long as he could to take credit for it. But no, he just steaight-up walked into the Oval, blew a bunch of stuff up, and is trying to tell people everything is going to be great.

2

u/10000Didgeridoos 7d ago

That's the most amazing part of it all. He could have done literally nothing at all, and taken credit for the bull market that was already happening. Instead he feels anything that wasn't his direct idea or doing is bad and wrong, and must implement his own ideas to fuel his narcissism.

That's all Trump policy on anything is. If it wasn't his idea, it's bad and needs to be replaced with whatever whim just popped in his head that day. And anything that is his idea is the Best Ever.

3

u/Knife7 8d ago

Same here, I said 6 months for when shit falls apart. Bro underpromised and overdelivered.

2

u/FatalTortoise 8d ago

And Elon is taking alot of the early hate that the president should. Don't get me wrong Elon should take it, but he's giving him an easy scapegoat

1

u/BertDevV 8d ago

He hasn't even been in the office for 100 fucking days, will the foolery stop??!