r/WallStreetbetsELITE • u/GenericAptName • 8d ago

MEME Didn't see this coming

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58.8k Upvotes

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u/PM_ME_WITH_A_SMILE 8d ago

Crazy how trade wars affect trade

67

u/Chaosrealm69 8d ago

It's amazing how a boring, steady, unchaotic president who doesn't throw around tariffs like they are candy had a steady stock market.

44

u/Altruistic-Look101 8d ago

Biden has plenty of experience, wisdom and was VP during 2008 crash. He was strategic in his plans. Unfortunately , he didn't speak a lot about himself.

8

u/Str82daDOME25 8d ago

Not VP during the crash but rather the recovery

3

u/Altruistic-Look101 8d ago

You must be kidding me !! Lehman declared bankruptcy just before the election in 2008. I still remember the month of Obama's inauguration , the endless congress emergency meetings, and Obama after a month looked like Zombie.. It was the time I entered into investing.

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u/sump_daddy 8d ago

The S&P 500 called its bottom february of 2009 (after 16 months of losses)... less than 30 days into the new term. Yeah he was in panic mode the whole time but the other 99% of his term was all recovery