r/WallStreetbetsELITE • u/Desperate_Elk_7369 • 2d ago
Loss I'm old enough to remember when everybody on Wall Street was cheering Trump's victory because he was going to be so great for the stock market.
https://www.bloomberg.com/news/newsletters/2024-11-06/wall-street-votes-for-trump-with-huge-stock-spike-day-after-election58
u/DavidGQ 2d ago
To be fair, it lasted much longer than him and Stormy Daniels
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u/Brataz 2d ago
Trump is the tax on idiotism of people
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u/mm_ns 2d ago
I was literally in a meeting with an asset manager that manages like 20 bil in funds on election day, he was going on and on how great a trump victory is going to be for markets etc, played off the tariff risk, the uncertainty he brings etc. Just complete dismissal of all the threats trump brings. Worst part is this was in canada as well, not even some Maga american.
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u/Training_Pop_5437 2d ago
Good old days are over. Time to pay Trump’s piper.
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u/Dead_Cash_Burn 2d ago
I knew even then all those gains were going to be gone. I just thought it would take longer.
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u/Playingwithmyrod 2d ago
Dude same I was like he’s gonna fuck shit up but I thought it was gonna take until 2026 or 2027 after replacing Jerome Powell at least. If you told me he was going to enact trade policies THIS heavily within the first 90 days in office I would have liquidated my entire portfolio in January.
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u/MilitantlyWokePatrio 2d ago
This is what we mean when we say that so many are sleep walking into fascism.
We must wake up.
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u/JonInOsaka 2d ago
Ugh, bring back Sleepy Joe. I can't take all this winning.
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u/AccomplishedChair436 2d ago
My wife and child are in bed making me their servants with some combination of too much winning and the flu. Luckily I have a strong immune system and can handle all this winning
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u/Meat_Frame 2d ago
Well I’m not that surprised because Wall Street is a Demonic Temple that worships power and hierarchy, and such people fucking hate things like equity and inclusion and love to throw slurs at those they deem Lessers.
But it turns out Woke is the only thing keeping the imbeciles off the levers of power.
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u/Underlord_Fox 2d ago
Boy, did we underestimate the importance of decency. When we get this country back, and I hear a young person being rude, I'm gonna tongue lash them whippersnappers real good. "Sonny! You mind your manners to that fine, upstanding immigrant, or we'll all end up back in Idiotic Kleptocratic Fascism!"
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u/onallcylinders 2d ago
Yeah, we were at a work dinner pre election and ask to vote who do you want to win. Majority of hands went up for trump, their reason; because they wanted, and expected, the stock market to go up. 🙄
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u/ASaneDude 2d ago
Used to think the “Wall Street analysts” were just dumb and wrong. Seeing how they misled investors over the last 3-4 months, I actually think they’re criminal now.
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u/Downtown-Midnight320 2d ago
Ahhh ues, back when everyone thought they were getting 2016-2019 Trump admin instead of this clown car
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u/SonicDenver 2d ago
It’s not like it wasnt being reported for months before the election he was going to impose tarifffs. But bros online kept saying he was going to be great for the economy. All he did his first term was ride Obamas economy and give a giant tax cut for the rich.
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u/Acceptable-Peace-69 2d ago
And impose tariffs. It’s one of the few things he accomplished.
It cost the USA $200+ billion and 40-50k jobs.
Also, he’s an idiot.
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u/thegreyfirefly 2d ago
Money printing fools
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u/shelter_king35 2d ago
Ya but he is a Russian asset trying to destroy the dollar. Makes sense what he’s doing for Russia. Sad most of America never caught on
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u/tenderooskies 2d ago
bloomberg radio, still trying to figure it all out
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u/Upper_South2917 2d ago
Not to worry, that Levine guy will surely write a corker of a column. Yeah, that’ll solve everything.
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u/Murky_Judgment3192 2d ago
Ugh! He is destroying the stock market! Is there anything that can be done about this!
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u/melatonin2020 2d ago
Right now is the good time for u to write down the name of everyone who tells you trump will be great for the stock market.
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u/Sharkwatcher314 2d ago
In my day we promised tariffs and didn’t deliver like most politicians promises. You kids with your tariffs, teslers and new fangled EO’s
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u/Davge107 2d ago
They thought he do the things Wall Street wanted him to do and the other stuff was just talk. It was just campaign rhetoric. He was a businessman after all and that had to be good for Wall Street and the markets after all. Right? They also thought once in office he listen to them if they told him a policy etc was bad for business or the markets tank. Oh well.
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u/MilitantlyWokePatrio 2d ago
Arrogant fools. We have much work to do to BROWBEAT and bring these traitors to heel.
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u/Tasty_Narwhal6667 1d ago
Did they not listen to Trump during the campaign? He only mentioned tariffs about a million times. None of this should be a surprise unless you are clueless and have not been paying attention.
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u/Commercial_Rule_7823 2d ago
Im gonna laugh when tomorrow opens green and closes green. All institutional buyers bought all retail shares.
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u/XFrankXGrimesX 2d ago
Our analysts may be geniuses but they can't see the future. How could they predict Trump would do the thing he repeatedly said he would? We stand by our decision, at the time, endorsing a deranged moron was the right call.