Economists and speculators have been crying about the valuation crisis in the market for years. I was a gay bear for a while but couldn't weather out the bull market. Kudos to my gay bear bros that stuck it out, they deserve this win.
Wish I wasn't a greedy fuck. I figured he'd pump market to say see I made the highest stonk gains ever. My NVDa leaps went from 100% up to 15% up just to save some long term cap gains taxes ...now it's not even worth it and I've learned my lesson. Even with leaps just fucking take the profits lmao
That's your opinion though, not facts. The market is part of my path to financial freedom so it is important that I figure "it" out because it has value. Get it?
I was totally expecting a pump and rug pull too. No pump all rug pull. 10/10 would not do again. Luckily I pulled most already since I remembered how topsy turvey (spelling? Boneappletea?) his last time in office was so fairly minimal losses in the grand scheme. Don’t wanna know what the 401ks look like rn though…
Why would you assume he has any clue how the market works? He pays people to invest for him. The guy doesn't know how tariffs work, and thinks a country is just a large company. He rode in on the winds of Obama's economy in his first administration, and the people around him that actually had some familiarity with how the government operates were able to tamp down his most destructive impulses. That's not the case anymore.
DJT has fallen upwards his entire life. He had a million dollar salary as a 16-year-old, was handed a hundred-million-dollar empire his father built, and spent most of his adult life slapping gold shit in hotels until he was $4 billion in debt and had to turn to laundering money for the Russian Mafia to stay afloat until the Apprentice came along and gave him the illusion of wealth.
Anyone that trusts Trump at this point is a moron, so kudos to you, at least, for waking up.
Wait what do you mean waking up? I knew he was a dipshit since he first started running it was just his first run he was able to artificially inflate the market a bit. Thought he'd go that route instead of crash and burn it all. I was the dipshit for not getting out after his first tariffs bluff lol
Most people are stuck in their ways of thinking and have a hard time imagining people doing shit they find ass backwards.
Like, if you walk by a dog turd, and some dude picks it up and says "I'm going to eat this dog turd." You won't actually believe he will do it, until you see it done.
Even then many will think "it's a prank, right? that's chocolate. No one would actually eat dog shit."
It only truly sinks in for all when he breathes in your face and you smell the dog shit.
Yes I am a newbie simpleton. I am loving it right now because it's literally going one way. I wouldn't know which way to go otherwise lol. I genuinely feel bad through because I've been browsing these forums for 3 months now and I've seen a lot of posts talking about I took out a 50k loan to buy tmsc etc. I mean my 401k is down I'm scared to even look but I just wanna make it even out at least.
Totally agree. When the market was pumping in Nov/Dec, I was like "the market has this backwards, this is going to get ugly." And we still have a ways to go down before a solid bottom.
Who could’ve known that threats of global trade wars, firing (hundereds of) thousands of workers, and deporting cheap labor would lead to an economic crisis??
Oh wait…
LITERALLY EVERY SINGLE ECONOMIST OUT THERE
Y’all this is literally Econ 101. And if you don’t understand that, you absolutely deserve to be here.
Sold all my shit within a few weeks of him and managed to catch the second peak just right. Now just trying to figure out how far he can drill down before he dies of heart failure/adderall overdose/etc. or gets removed by the oligarchs for ruining their 12th yacht money.
Yes they do, I remember getting pissed at my at the time new financial advisor in 2019 automatically assuming that I wanted to buy Tesla stock due to my age and going on a mini presentation as to why that's a bad idea due to the valuation bs antics.
I shut that down immediately, told him I wasn't interested in that, and overall went 'look I am not going to treat you as my personal concierge to the high stakes casino here and I don't know why the hell you went in acting like that was the case, what I want from you is different'. He was right then and I'm sure is going 'I CALLED THAT SHIT 6 YEARS AGO' right now lol.
Let the gay bears frolic as Elon's PP pump gives out.
That's giving him a bit too much credit. If this crashe continues, people are going to start losing jobs and trigger a worse spiral. A smarter move would be to not tank the economy and work to rebuild middle and working class salaries back in to a competitive state. As others have stated in these threads, billionaires can much easier weather economic downturn like this and consolidate assets. It wouldnt surprise me if Elon the scumbag took out puts before telling big man to start scorched earth tariff policy.
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u/SuperNewk 26d ago
This is madness