r/investing • u/waitbutwhycc • 2d ago
Most Predictable Drop of All Time
I posted here right after the first crash in February “Don’t buy the dip, this is more 1929 vibes than 2001.” In response I got almost 100 replies telling me not to time the market, before it got removed by mods for being a “question” (it was not).
Literally all Trump is doing is exactly what he promised on the campaign. And virtually every economist knew it would cause a recession. Even after the crash yesterday he doubled down, saying he might add tariffs on semiconductors and pharmaceuticals too. He is simply trying to remove us from global markets, and it’s working!
Buy the dip once people start actually pushing back against Trump - no real reason to buy before that point.
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u/weasler7 1d ago edited 1d ago
I think a key difference in Trump's 2nd term is that there are no more adults are in the room.
Old school fiscal conservative/free trade/pro business republicans are out. The new school consists of unprincipled billionaires/kleptocrats with their own agendas in mind. I think they will support whatever policies that will allow them to become the new oligarchs of America. Crash the economy, make everyone dumb and poor, birth more bodies for the meat grinder. If things go wrong they will just fuck off to another country like Switzerland. No one in his cabinet will tell him that unfocused tariffs are a terrible idea because they are either loser yes-men without qualifications or just want to hold onto the reins of power.
I bought puts to protect some positions about a month ago when there was just merely talk about tariffs and I realized that dotard Trump has rarely backed down- even when he clearly is wrong. Now the puts are up bigly. Shit is bleak long term for sure though.