• TommySoda@lemmy.world
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      4 days ago

      They are literally pumping and dumping the stock market as a whole. It’s market manipulation by tariff as they make bank on peoples fear.

      • witchybitchy@lemm.ee
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        4 days ago

        announce tariffs > market uncertainty > sell off stocks > value goes down > buy the dip > pause tariffs > markets recover > laugh all the way to the bank

        or something like that

        • peregrin5@lemm.ee
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          4 days ago

          That’s what I did. I rebalanced my stock allocation from 50% to 80% and put a few thousand more in the market.

          • Wanpieserino@lemm.ee
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            4 days ago

            General known info would be that lump sum beats DCA 2 out of 3 times. Well, we’re after a crash. So I just am pumping everything into it.

            Into European stock tho, not touching crazy.

            But for anyone reading this: keep an emergency buffer of 6 months on your savings account. Your choice if that’s 6 months expenses or 6 months income.

            If you get fired, you have unemployment benefits, if you get sick you get sick pay.

            We have the ability to seek a bit more risk in our private lives.

            • peregrin5@lemm.ee
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              4 days ago

              I hedge my bets and do both. I deposit a regular amount regardless of what happens but will throw in a bit extra when it’s clear there is a dip. I prefer the international ETFs also. Can’t go wrong being more diversified.

              Double recommend the emergency fund. I have 6 months income but with the current volatility and that fact that I live in this American shit hole, I may want to start contributing more to it to get 9 months at least. But since I have 6 months already I’m fine with not missing this opportunity to buy the dip.

              I only wish I had waited a week to make my yearly IRA contribution. I generally do a lump sum for that since I just max out the contribution for the year with my bonus mainly because it’s easier to keep track of. This event makes me want to rethink that strategy since I missed the dip on that by a week. It probably doesn’t matter that much though since I can’t touch my IRAs for around 30 years anywho.

              • Wanpieserino@lemm.ee
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                4 days ago

                The DCA method. They say time in the market beats trying to time to market.

                But in these times, it’s obviously those with money outside of the market that have the biggest gains.

                COVID had a one month crash. Then here in Europe we had the energy crisis bear phase.

                But between the financial crisis and COVID it went relatively smoothly.

                Future can’t be predicted. DCA or building up a lump sum for a bear phase. No idea which of the two is the best option.

                The latter is probably the safest one.

        • NotMyOldRedditName@lemmy.world
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          4 days ago

          These swings are good opportunities to harvest losses if they cause any and you can move into something else that’s similar.

          Like from a Blackrock 80/20 fund to a fidelity 80/20 fund or whatever it would be.

          Minimal risk but you can still realize a loss.

          I was going to do that until he of course undid it today. My timing was off unfortunately.

      • givesomefucks@lemmy.world
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        4 days ago

        It’s not intentional…

        His first term had people managing him and stopping him from doing this shit.

        This term is all people egging him on

        He thought countries would rush to negotiate, instead they called his bluff. So now he’s vaugely saying “everyone” has been negotiating so he’s pausing everyone but China.

        He wants every country to think they’re the only one not negotiating, when really no one is.

        trump isn’t that hard to predict. 80s sleazy business practices are way more likely than some convoluted scheme to crash everything.

        Putin wants him to, and trump is gonna do it. But at no point will trump be crashing the US economy intentionally, he’s genuinely doing his best right now.

        And that’s way fucking scarier

        Quick edit:

        Even this 90 day pause, it’s almost certainly just because they saw the bounce from that fake tweet, and knew it would at least cause another bump if they really did it

        They’re fucking idiots with no clue what they’re doing.

    • makyo@lemmy.world
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      4 days ago

      Pure idiotic fuckery is what’s going on and the idea of a market rebound is hilarious to me because even without global tariffs there are plenty of other things he can do and IS doing to create instability in the USA. He’s gotta go, the sooner the better.

    • ExLisperA
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      4 days ago

      They wanted to extort other countries but they are too stupid to execute something like this. They used ChatGPT and fake experts to come up with this ‘plan’ and it failed. Now they are bailing. In couple of days they will start droning Mexico or Israel will start another ground invasion somewhere to cover this fuckup with another one.

    • nuko147@lemm.ee
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      4 days ago

      I guess the strategy of USA is based on D20 dices. That would be my best guess.

    • Lit@lemmy.world
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      4 days ago

      Tariffed countries slapped the woke out of trump and his woke tariffs.

    • Frozengyro@lemmy.world
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      4 days ago

      When I played Pokemon as a kid, I would get so mad when my Pokemon ‘hurt itself in confusion’. I thought, how the hell is that even possible. But now I see it first hand…

    • spartanatreyu@programming.dev
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      3 days ago

      Flip-flopping in and of itself isn’t bad.

      What it is - is a symptom.

      A symptom of being an absolute dumbass. Now that is what’s bad.

  • Redditsux@lemmy.world
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    4 days ago

    This is so stupid. He announce tariffs, markets tank. He pauses, markets rebound. He then imposes tariffs, markets tank. He pauses… oh he’s jerking off everyone. got it.

    • Yawweee877h444@lemmy.world
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      4 days ago

      I’m beginning to think Wall Street and this stock market thing might involve scamming and fraudulent activity… Maybe crypto too…

    • Aliktren@lemmy.world
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      4 days ago

      Unless you own a lot of stocks and shares, then a bit of insider trading is really working out well

    • TheFriar@lemm.ee
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      4 days ago

      To add to that chaos, the announcement that there was a 90 day pause was not even true. It was tweeted by Steven Bloomberg or something and markets rebounded because it spread all over Twitter and outlets started reporting it, but he never said it so they sank. Did he actually end up announcing a 90 day pause now? So now they’re back up? The fuck?

  • gregs_gumption@lemm.ee
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    4 days ago

    Pure fucking market manipulation.

    At this point I kind of hope China goes nuclear and implements a complete import and export ban with the United States. China has the social infrastructure inplace and debt head room to borrow their way out of any kind of financial crisis. The United States does not.

      • FrChazzz@lemm.ee
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        3 days ago

        Praise God other people see this connection! A friend and I have been referring to the GOP as Wimp Lo for the last couple of years and are always sad when others don’t get the reference. It’s perfect!

  • werefreeatlast@lemmy.world
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    3 days ago

    Now, I’m not an economist but it looks like orange pile was just testing how he could fuck around the economic beehive. I’m gonna get my money out after it recovers and a few days before the orange pile tries anything again. Probably I should move my retirement money overseas?

    I’m looking around for other strategies.

    • DarkCloud@lemmy.world
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      4 days ago

      No, they haven’t even got started yet. This is the advertisements before the show, people are still sitting down and buying snacks.

  • sleezer@lemmy.world
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    4 days ago

    Why stop there? Why not 500% or 1000%? We’ll see the greatest US market in history. It’d be legendary. Like no president has ever done before. /S

    This guy is a moron. The United States will be in a self made recession or depression very soon cause of this clown.

    • NotMyOldRedditName@lemmy.world
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      4 days ago

      Trump should just create a tarrif that doubles whatever increase the target nation does.

      So tarrifs China 50%. China hits back 50% so now China is 150%

      Then China should do the same and raise tarrifs.

      Then we’ll have infinity tarrifs!

      • Anti_Iridium@lemmy.world
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        4 days ago

        And I think it should be exactly like that.

        Considering they have proven they can get algebra solved, with their (x-y)/x formula, China should retaliate with -50% tariff policy. United States doubles to -100%.

        Everytime you buy something from China, the US Government has to pay you it’s entire value.

  • pyre@lemmy.world
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    3 days ago

    wow, a fascist cunt biting more than he could chew? gotta be the first time.

    pussy.

  • Wispy2891@lemmy.world
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    3 days ago

    And then after 90 days what happens? Because if today you order stuff from another continent to be shipped by ocean, there’s a chance it will arrive after that date. Especially if everyone has the same idea of frontloading their warehouses before he changes idea again

    • Ledericas@lemm.ee
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      3 days ago

      He isn’t going to wait 90days , he’s too impatient, he will resume the tariffs as soon as he feels like it.

      • jj4211@lemmy.world
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        3 days ago

        Yep, and then pause them claiming, like he did this time, that somehow magically every nation in the world managed to negotiate with him to his satisfaction within a couple of days…

        Or claim that no one but China threatened retaliatory tariffs (and of course a lot of them did) and that’s why he gave them a reprieve to reward them for not retaliating.

        Or to claim that China is a bad actor because they imposed punitive tariffs and that’s only something that bad actors do…

  • Lit@lemmy.world
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    4 days ago

    He couldn’t handle china retaliations so had to pause tariffs elsewhere, so he can focus on china. Now he is forcing Americans to pay 125% tax on china imports.