r/WallStreetbetsELITE • u/RoyalChris • 1d ago

MEME Tired of winning yet?

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400

u/RoyalChris 1d ago

YMCA - Your Market Crashed Again

108

u/Bored_Trout 1d ago

It will go lower still. Counter tariffs, international partners fleeing to alternatives, recession, jobs loss... This is the great depression all over again, at least in US

33

u/QiTriX 1d ago

The tariffs don't even start until April 9.

22

u/Professional-Bad-559 1d ago

The universal 10% takes effect tomorrow.

“The 10% baseline tariff goes into effect at 12:01 a.m. EDT (0401 GMT) on Saturday, April 5, while the higher, reciprocal tariffs go into effect at the same hour of April 9.” (From What's in Trump's sweeping new reciprocal tariff regime

1

u/Beautiful_Echoes 1d ago

I don't think they know what reciprocal means.

13

u/GAE_WEED_DAD_69 1d ago

And that means it's going to be way worse than it is now. The markets are scrambling to adjust.

The truth is that they might mitigate the damage, but they won't remove it.

1

u/hellolovely1 8h ago

And the tariffs completely undermined our relationships with other countries, monetary effects aside. Dumb as shit.

2

u/wai169 1d ago

They moved it up to start the party tomorrow!