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Stonks

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ThePAMan

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Re: Stonks
« Reply #60 on: April 07, 2025, 03:26:29 PM »
You should DM that link to Dave Portnoy.  He seems to be a little upset with what is going on.
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Jobu

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Re: Stonks
« Reply #61 on: April 07, 2025, 03:33:33 PM »
Surface level analysis of this is disingenuous at best. The economy is way more than the DJI and the market could very easily bounce back to record highs once these things get ironed out. Sucks that roughly half the country is literally rooting for this strategy to fail and can’t see anything other than the stock market.

This clip helps explain what’s happening
(no one will click on it because it says Fox business) but you know most news outlets aren’t going to give anything other than “zomg stocks are down panic” the time of day.

https://www.foxbusiness.com/video/6371178281112

I'm not rooting for anything to fail. I'm rooting for "not losing money."

This is fucking bullshit.
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ridingthegrange

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Re: Stonks
« Reply #62 on: April 07, 2025, 03:36:40 PM »
You should DM that link to Dave Portnoy.  He seems to be a little upset with what is going on.

Are you saying Portnoy has a complaint? 

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Jobu

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Re: Stonks
« Reply #63 on: April 07, 2025, 03:41:04 PM »
And, I will say that if we had this kind of tank in the market under Biden, Custard would be shitting his pants, instead of saying, well gee, the market will correct itself, durrr.

Nah. This is fucked. Your guy is starting some shit that didn't need to be started. Period.
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Jobu

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Re: Stonks
« Reply #64 on: April 07, 2025, 03:41:50 PM »
And, if you source fox anything, I'll tell you to go fuck yourself.
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murphstahoe

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Re: Stonks
« Reply #65 on: April 07, 2025, 03:42:58 PM »
Surface level analysis of this is disingenuous at best. The economy is way more than the DJI and the market could very easily bounce back to record highs once these things get ironed out. Sucks that roughly half the country is literally rooting for this strategy to fail and can’t see anything other than the stock market.

This clip helps explain what’s happening
(no one will click on it because it says Fox business) but you know most news outlets aren’t going to give anything other than “zomg stocks are down panic” the time of day.

https://www.foxbusiness.com/video/6371178281112

NOBODY is "rooting" for this strategy to fail. I had to laugh at Kamala Harris the other night crowing "I don't want to say I told you so" - why on earth did you think you lost Kamala? Schadenfreude is an ugly look for a politician. If Trump's strategy fails, I might even lose my 9th digit! I'd be a 90 millonaire! And that's not even a thing! If you lose a huge chunk of your money, what good is it saying "nee ner nee ner I lost my money and it was your fault!"

We *KNOW* it's gonna fail. The Dow, or S&P isn't "the economy" but it is a huge chunk of the country's wealth. When people's wealth gets cut by 20-30%, they stop taking vacations, buying houses, going out to eat. That's what causes recessions - drops in consumer confidence. Companies whose stocks are down retrench rather than issuing new equity to expand and create more jobs. Add in that foreign travel to the US is getting nuked, so much for those tourist dollars (which by the way aren't included in Trump's so called trade deficits).

There's no "ironing out" going on. The only "ironing out" would be "ok, never mind, no tariffs". If I were our trading partners, I'd be like "fuck you not removing our tariff response because you are run by a drunken sailor and I don't trust you".

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murphstahoe

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Re: Stonks
« Reply #66 on: April 07, 2025, 03:44:01 PM »
I'm not rooting for anything to fail. I'm rooting for "not losing money."

This is fucking bullshit.

jobu the wise

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murphstahoe

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Re: Stonks
« Reply #67 on: April 07, 2025, 03:45:30 PM »
And, I will say that if we had this kind of tank in the market under Biden, Custard would be shitting his pants, instead of saying, well gee, the market will correct itself, durrr.

Nah. This is fucked. Your guy is starting some shit that didn't need to be started. Period.

There was a drop in the market in January 2022 and Custard did in fact shit his pants, in the Joe Biden thread.

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Custard

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Re: Stonks
« Reply #68 on: April 07, 2025, 03:46:22 PM »
You should DM that link to Dave Portnoy.  He seems to be a little upset with what is going on.

Figures the nouveau rich would just assume the market always goes up and doesn’t realize what a buying opportunity is.
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Custard

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Re: Stonks
« Reply #69 on: April 07, 2025, 04:00:36 PM »
NOBODY is "rooting" for this strategy to fail. I had to laugh at Kamala Harris the other night crowing "I don't want to say I told you so" - why on earth did you think you lost Kamala? Schadenfreude is an ugly look for a politician. If Trump's strategy fails, I might even lose my 9th digit! I'd be a 90 millonaire! And that's not even a thing! If you lose a huge chunk of your money, what good is it saying "nee ner nee ner I lost my money and it was your fault!"

We *KNOW* it's gonna fail. The Dow, or S&P isn't "the economy" but it is a huge chunk of the country's wealth. When people's wealth gets cut by 20-30%, they stop taking vacations, buying houses, going out to eat. That's what causes recessions - drops in consumer confidence. Companies whose stocks are down retrench rather than issuing new equity to expand and create more jobs. Add in that foreign travel to the US is getting nuked, so much for those tourist dollars (which by the way aren't included in Trump's so called trade deficits).

There's no "ironing out" going on. The only "ironing out" would be "ok, never mind, no tariffs". If I were our trading partners, I'd be like "fuck you not removing our tariff response because you are run by a drunken sailor and I don't trust you".

Trade deals are being reworked and things will stabilize. I would think successful guys like you all here could temporarily sacrifice a few percent of your worth (some of which you didn’t even have until the post-election market runup) to address the serious systemic issues that impact the financial future of the entire country. But sounds like you’d rather just keep pumping printed money into the market in perpetuity until we finally collapse under the weight of our own debt.
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alum74

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Re: Stonks
« Reply #70 on: April 07, 2025, 04:05:24 PM »
White House economic advisor Kevin Hassett gave an interview to Fox this morning and was asked if Trump would consider a pause on his tariffs for 90 days.  His response was something like “the president will do what he will do.”

Well done, Hassett.  Do you advise or just nod your head to whatever Trump does? 
It's pretty clear that Trump has surrounded himself with incompetent sycophants, none of whom are fit to hold the offices they're in.  They were chosen for their unquestioning subservience.

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murphstahoe

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Re: Stonks
« Reply #71 on: April 07, 2025, 04:06:20 PM »
Trade deals are being reworked and things will stabilize. I would think successful guys like you all here could temporarily sacrifice a few percent of your worth (some of which you didn’t even have until the post-election market runup) to address the serious systemic issues that impact the financial future of the entire country. But sounds like you’d rather just keep pumping printed money into the market in perpetuity until we finally collapse under the weight of our own debt.

Tariffs were announced Wednesday, starting a decline on Thursday.
The S&P 500 closed at 5782 on Nov 5, before the election
The S&P 500 closed at 5690 on April 2, before the tariffs were announced.

I know you flunked alegbra but even in basic math you'd learn that 5690 is below 5782

For a "deal" to be "re-worked" there has to be a "deal" to start with. Trump just slapped dumb ass tariffs in place.

He's a fucking moron, you shitposting troll.

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murphstahoe

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Re: Stonks
« Reply #72 on: April 07, 2025, 04:07:31 PM »

Well done, Hassett.  Do you advise or just nod your head to whatever Trump does? 
It's pretty clear that Trump has surrounded himself with incompetent sycophants, none of whom are fit to hold the offices they're in.  They were chosen for their unquestioning subservience.

the scary part is no matter how batshit he gets, removal by the 25th Amendment has to happen via a vote from the Cabinet, who were chosen for their own batshittiness

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ILLove1997

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Re: Stonks
« Reply #73 on: April 07, 2025, 04:07:54 PM »
NOBODY is "rooting" for this strategy to fail. I had to laugh at Kamala Harris the other night crowing "I don't want to say I told you so" - why on earth did you think you lost Kamala? Schadenfreude is an ugly look for a politician. If Trump's strategy fails, I might even lose my 9th digit! I'd be a 90 millonaire! And that's not even a thing! If you lose a huge chunk of your money, what good is it saying "nee ner nee ner I lost my money and it was your fault!"

We *KNOW* it's gonna fail. The Dow, or S&P isn't "the economy" but it is a huge chunk of the country's wealth. When people's wealth gets cut by 20-30%, they stop taking vacations, buying houses, going out to eat. That's what causes recessions - drops in consumer confidence. Companies whose stocks are down retrench rather than issuing new equity to expand and create more jobs. Add in that foreign travel to the US is getting nuked, so much for those tourist dollars (which by the way aren't included in Trump's so called trade deficits).

There's no "ironing out" going on. The only "ironing out" would be "ok, never mind, no tariffs". If I were our trading partners, I'd be like "fuck you not removing our tariff response because you are run by a drunken sailor and I don't trust you".

The bond market is larger than the stock market and is doing fine.
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murphstahoe

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Re: Stonks
« Reply #74 on: April 07, 2025, 04:13:10 PM »
The bond market is larger than the stock market and is doing fine.

yields are going up meaning bond prices are going down.

Which should be the opposite of what you see when people are selling stocks. Money is fleeing the stock market and who knows where it's landing.