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u/alwaysmyfault 6d ago
MAGA idiots are the same ones that claimed their 401k's tanked under Obama and Biden, but were never higher than they were under Trump's 1st term.
They probably think their 401k's are at ATH's now cuz of Trump's tariffs.
They live in a different reality than the rest of us. They go by what Fox News tells them, and that's it. They are incapable of thinking for themselves.
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u/Bob_Kendall_UScience 6d ago
They’re overwhelmingly poor and don’t own investments. They give themselves away when they say that the stock market did badly under Biden because that’s what Fox tells them. If they had 401Ks they would know that isn’t true.
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u/TinyPotatoe 6d ago
No theyre eating up Trump's talking point abuot "its just the market it will resolve itself" now in r/conservative. Ofc when the market went up under Biden it was "anticipation for Trump, thats a Trump bump" (actual tweet lol) but now that its going down its suddenly no longer expectational of the future, its because of the real current economic principles that were ofc caused by Biden. Not like the losses/gains almost perfectly align with tariff on/off news...
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u/billybobthehomie 6d ago
Yea if their 401ks end up literally 0.001% higher and the Dow is at 46000 after 4 years of Trump, they’re going to brag about it and say everything was fine.
Not realizing in the slightest how fucking stupid that is. That under any other president the returns would’ve been like 20% over 4 years
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u/ElasticLama 6d ago
My Australian super fund that’s basically the equivalent of a 401k has a 1/3rd overseas shares allocation. So mostly American for that part. It was so high under Biden.
I try not to look at now as I can’t cash it out and it’s rather diversified
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u/maoterracottasoldier 6d ago
Yeah I’ve noticed that Fox News is so incredibly giddy over this hostile takeover, that’s it’s bubbling down to their viewers. But the catch is the viewers get none of the benefits and all of the downsides. So they are somehow cheering our destruction with the rich and wealthy. It would be funny if it weren’t for the inevitable death and misery that comes from it
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u/OddMeansToAnEnd 6d ago
MIA. Only proud behind mask or in private quarters.
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u/old-wizz 6d ago
These people have no stocks. They think it just shows how well the policies are working to kick out the old world order (aka deep state in their language)
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u/pancakebatter01 6d ago
Which is hilarious because ppl like Elon Musk only see Social Security as useless because “why not put that money into investing in stocks instead?? You will be making way more money in the long run!”
So many republican voters don’t have ANY investments. They don’t work jobs that provide a 401k. They don’t even know what an IRA is. Hell, they don’t even know how Social Security works. Luckily for them, it continues to work for them, in their favor, regardless of whether or not they even know what it exists.
How in the hell are you going to teach these ppl how to open up and manage a mutual funds account for instance???
Trump & Musk live in a world with money management at a scale that not even the most common Trump voter will ever begin to understand.
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u/mjmaselli 5d ago
The idea that Republicans dont have 401ks and investments is just a fallacy.
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u/old-wizz 5d ago
We’re in a time where truth and bull seems all the same. Only thing i know about the topic here: this president doesn’t care about the stock market
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u/HauntedKhan 6d ago
Red=Republican=Good
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u/Flippohoyy 6d ago
What i think is so funny about republican being red is that all over the rest of the world red is associated with socialism and communism.
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u/css1323 6d ago
“How could Biden do this?!!”
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u/AlphaBetaChadNerd 6d ago
What do MAGA adherents think? Unfortunately they don't.
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u/kranitoko 6d ago
Funny... This wasn't happening when everybody was supposedly "woke"... What happened, guys? 🤔
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u/According_Shower7158 6d ago
They don't care. They're in a cult. They will excuse anything
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u/Ok_Restaurant_626 6d ago
Its a waste of time to try and reason with MAGAts, most are too far gone. Trump can serve them poop in a bowl and tell them its chocolate pudding. They'll eat it and say it's the best pudding they've ever had.
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u/redluchador 6d ago
Yup. If trump told his oldest supporters he was going to cut their social security and they'd have to live off cat food from the Dollar Tree they would do it without a fuss
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u/Rocket_Law 6d ago
This is clearly residual from the Biden admin. The market was up post election when Biden was president because it was anticipating trump. The market is down post inauguration when trump is president because of the disastrous woke Biden policies’ effect. January 6 was a peaceful protest but burning teslas is terrorism. Issuing executive orders against law firms and withdrawing them in exchange for cash/pro-bono work is necessary to root out liberal law fare. Judges that resist the current admin are political and should be impeached.
I live in northern Idaho and my number one issue is the southern border.
Also, thank God we stopped those, like, 12 people from playing in girls sports!
/s
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u/SeaClient4359 6d ago
Maga doesn't have stock lol stop..
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u/Odd_Perfect 6d ago
Is it funnier every MAGA person I know actually does not?
My friend put her money in CDs the entire time during Biden’s term. She lost out on so many gains.
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u/seattlemanny 6d ago edited 6d ago
Sooooo, the real bet is. Will they get away with tanking the market, dilution and market manipulation again? I know many cant see it yet. But they have been doing this before stocks were a thing. They use tactic of pump and dumps. Use it for smear campaigns and now. Blackrock with keep ALL the peoples money who wlgave up on the market. The real bet I made in actual 4d chess. Was that THEY WOULD NOT BE ABLE TO PULL IT OFF ONE MORE TIME. nobody is talking about how #APES were tricked by Elon. We thought he was an ape. Many thought Ryan Cohen was an ape. They are magas and all they want is to trick people to give up their money.
I thought the idea was to turn the bots off and end market manipulation. But he is the manipulator with trump and bad Republicans do it over and over.
But, just wait until the real diamond hands pound on that tree that keeps on giving. Blackrock, citadel, ryan cohen, elon, trunp tricked you into believing in the ape movement.
Now, I'm just waiting until the REAL #moass Start. When they go to jail. I won't think they will survive this time. Dear or alive
Lets watch together, the biggest show. And the REAL #moass
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u/disaster_story_69 6d ago
'Buy the dip' is quite an interesting theory, when the dip keeps dipping.
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u/MarsupialStrongswag 6d ago
Look at the monthly charts. How does everyone just think stocks can keep going straight up forever. Makes me sick
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u/2A4_LIFE 6d ago
I don’t think much of it at all beyond I’d like it to drop much further. Sold a rental I was really tired of and now waiting to deploy more capital at hopefully much lower prices. Other than that I really don’t care- this is just a hiccup and people are losing their minds- letting their “feelings” direct decisions.
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u/Secure-Emu-8822 6d ago
The amount of crying over a not even serious market crash shows the amount of noobs/speculators in the market. This is going to get interesting when it truly hits the fan
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u/FollowAstacio 6d ago
Worst thing for a trader is a stale trend. Whether up or down, new trends are the golden chalice.
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u/ohlawdterry 6d ago
Main Street is starting to recover. The economy isn’t just the stock market.
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u/BullPropaganda 6d ago
Clearly this market is a terrorist and should be deported
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u/MakingOfASoul 6d ago
People who don't understand how the market works blaming this on the evil MAGA is hilarious.
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u/originalpanzerlied 6d ago
Say you don't understand market corrections without saying it.
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u/TastyEarLbe 6d ago
I’m no MAGA person but blaming short term fluctuations in the market on political party is not usually a winning position over the long run.
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u/turtle-bbs 6d ago
Literally the only things I’ve heard are
“Shut up”
“Cry about it”
And “He’s doing amazing”
Denial, denial, and denial (with a hint of uniformed, willing ignorance)
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u/Virtual-Gene2265 6d ago
This is going to be a big sale time, and we haven't even seen the bottom yet.
Been waiting for this.
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u/Agile-Fruit128 6d ago
I think it's a fabulous time to accumulate and make a shit ton more money
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u/vesparion 6d ago
Maybe, unless they fuck everything up into oblivion which seems quite possible at this point.
Trust in the US has been damaged permanently even if democrats regain power that trust will not comeback, only way to regain it would be to completely remodel the government via some kind of revolution, put in more checks and balances, remove citizens united ruling etc
Yes big money may not care but if they default on “parts” of US debt then there might be no going back for a long long time
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u/redshirt1972 6d ago
I don’t think non magas realize it’s purposeful. The Don is setting his boys up for a great buying opportunity. 3 yrs from now when it’s back up and the gajillioniares are quadrillionaires all the poor will still be poor.
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u/Sharp-Necessary8044 6d ago
They're feeling the greatest America ever. GO MAGA!!!! Right?
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u/JustinCompton79 6d ago
My father said: “When it is done, everything will turn around. As he said there will be an adjustment period, everything being done is to bring back manufacturing to America. There have already been billions of dollars in future investments promised. He is not your normal politician and doesn’t play by their rules, and they don’t like it.”
I’ll believe it when I see it.
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u/upsetwithcursing 6d ago
Does he realize that manufacturing left America because it was too expensive? The reason America was previously able to prosper as it has is because it outsourced cheap labour.
Have him google the Smoot-Hawley Tariff Act.
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u/publius2021 6d ago
I bought puts. The market was overdue for an unwind anyway. The P/E ratios on tech were deep into bubble territory.
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u/ElectricBuckeye 6d ago
"This was Biden's plan to tank the stock market when Trump took back the WH and started cleaning up the Swamp. Biden is printing money and causing more inflation. Obama is controlling the Federal Reserve until President Trump can take over the Fed and MAKE IT GREAT AGAIN! Nancy Pelosi and Chuck Schumer are running scared from DOGE! Lol Demonrat Libtards! Hou can't handle all the WINNING! Just watch, President Trump is on the phones with the heads of all these companies and they're about to BOOM like no one has ever seen before. SO MUCH WINNING!"
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u/SirKevok 6d ago
Idk it's Saturday. Pretty sure stocks are closed till Monday. Are you special?
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u/galactojack 6d ago
That slip Friday was kinda scary
Negative sentiment definitely still owns the market. Bear market.
Now we'll be going under the 200 Day MA again and institutional investors are going to freak out
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u/GotThemCakes 6d ago
No, my MAGA supporting boss said the markets have been over inflated for a while. This is just a correction
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u/notwyntonmarsalis 6d ago
I think I’ll take some market volatility over an increase to the capital gains rate.
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u/AdventurousAd1752 6d ago
people don’t care about wrong or right they only care what trump says he will be like its a witch hunt or its fake news or say biden did it and they will believe it no questions asked no proof no nothing and if you pull up a article or a video post of trump saying he gonna do some dumb shit they will say awww hes just joking he is not gonna do that project 2025 is not real 😂😂😂
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u/Ag_reatGuy 6d ago
Market is still overvalued. Things are going to get worse before they get better.
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u/Educational_Mud3637 6d ago
Stocks and wall street: Bad, Greedy Capitalists. EXCEPT when they take a loss, then it means the Life of Working Americans is being hurt via their Roth IRA 401ks. Make sure you vote for the guy we tell you to or you're Against Poor People!!
Billionaires having billions of net worth: Bad, Greedy Capitalism. EXCEPT when their net worth plummets due to stock market price corrections, then it means the Economy is Crashing and Burning and we are in for a Recession. Make sure you vote for the guy we tell you to or you want America to Crash and Burn!!
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u/PersnicketyYaksha 6d ago edited 6d ago
Here's a take: tanking the stock market in a stressed economy is the perfect condition for the rich to buy up more stock for cheap at the expense of retail investors, leading to a much higher concentration of wealth in the long run. From that point of view this aligns well with the American 'conservative values', which views policies that concentrate wealth favourably and policies that equitably distribute wealth negatively.
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u/LGL27 6d ago
Many of them will be okay no matter the markets. I have MAGA family who ironically cast their votes early so they could go on vacation in Mexico. They celebrated election night at an all inclusive resort. I think many of them don’t mind a hit to their bottom line if that same hit is a knock out punch to the right people.
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u/SterlingVII 6d ago
They’ve been real quiet these past weeks.