Japan's Nikkei plummets almost 5% after Trump announces tariffs, Nasdaq aftermarket plummets over 4%
- Thread starter stinkynuts
- Start date
If there is no bounce tomorrow, then I am out and going fully into cash.
Vance can run for POTUS with Trump as his VP running mate.
Trump as VP can function as Putin did under Medvedev in a tandemocracy.
However, if American sinks into recession at this rate, Trump may have to go into exile if the “golden age” doesn’t come in a hurry for America.
Trump’s mindless tariff actions are causing so many financial morbities in several dimensions all at once, every where.
This is a financial pandemic that will mutate and will cost the planet financial loss and economic devastation worse than Covid-19.
This is a financial pandemic that will mutate and will cost the planet financial loss and economic devastation worse than Covid-19.
I am extremely pro stocks, but even I cannot trust Donald Trump. I never thought that day would come where I would go all cash. But I really fear that things can get much much worse with this idiot in charge. There’s a good chance I will go at least 80% cash.
I went 100% into high interest savings account ETF in my registered accounts a few weeks
ago as they incur no capital gains tax but in my non registered account I sold
only what would not incur heavy capital gains tax as selling then paying a huge tax makes no sense
and besides panic selling everything could be a big blunder if Trump gets hit in the head
and stops being a idiot
Stocks will always go bullish at some point so I am a strong believer in buying when everyone else sells as
market timing cannot be done but Trump is a meglomaniacal wild card so I prefer to sit out this "merry dance of capitalism" because I prefer to sleep at night.
When to get back in is a huge question.
Never in modern history has a leader in the free world intentionally destroyed his own economy
Trump went golfing today
ago as they incur no capital gains tax but in my non registered account I sold
only what would not incur heavy capital gains tax as selling then paying a huge tax makes no sense
and besides panic selling everything could be a big blunder if Trump gets hit in the head
and stops being a idiot
Stocks will always go bullish at some point so I am a strong believer in buying when everyone else sells as
market timing cannot be done but Trump is a meglomaniacal wild card so I prefer to sit out this "merry dance of capitalism" because I prefer to sleep at night.
When to get back in is a huge question.
Never in modern history has a leader in the free world intentionally destroyed his own economy
Trump went golfing today
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Why "sell low"?
The market will come back. And if it doesn't, your cash will be as valuable as Venezualen Bolivars.
Timing the market is a fools errand. Time has proven that just buying and holding stock in quality companies provides the best ROI over time.
Sure, go ahead and analyze your holdings and see if some might not come back, or are not a good future bet anyway.. and sell them.
Why would there be a bounce unless Trump shows signs of reducing or reversing the tariffs.
If the US is trying to soften up the tariff hit countries towards new trade deals, then this is a very poor tactic.
The retaliatory tariffs will hit the American consumer very hard and cause a recession. A US recession will further shock other economies. The US dollar as a reserve currency will also be threatened.
Good comparison to Putin
One way to stay in power is Trump could delay elections by creating civil strife then declaring emergency to stay in power. If he does manage to run again he will rig elections
What needs to be understood is Trump has serious mental issues. He believes he has been sent by God to save humanity at whatever the cost. He has already attacked the capitol with his mob to stay in power and he fucking got away with it.
Trump is a sociopath
As a great life lesson to everyone there are a lot of business people like Trump as the realities of captolism creates them'
Never , ever do business with one of them as they will lawsuit you over every friviality, A corporation lawyer told me that.
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So you think the market has hit rock bottom? That if you hold, your stocks will be worthless very soon?
The market has always come back.
Buy High-Sell Low?
You gotta take a valium and not be so impulsive. Remember when we were chatting about TSLA hitting $113 in Jan 2023? You were so freaked out. Where is it now? Closed today at $239, So in two years, it doubled in price. It was $439 this year. I forget if you sold or not but you would have doubled your money if you held on. Having said that, I got out of TSLA with a full belly. I couldn't take the indigestion of its volatility and I knew Musk was going to lose interest in this meme stock when he bought Twitter. And I just turned on him one day when it hit home what a fucking lying asshole he was.
Now if you want to sell now, and then buy back in later when it does bottom out... that's a possible option. But I hope you are good at juggling knives!
Anyone who doesn't see he has serious mental health problems is either still star struck by his celebrity status or has mental health issues of their own.
As for his beliefs. "What needs to be understood" is that he has no other motive than to help himself and to be gratified by praise. He less than cares about humanity or other people at any scale. He doesn't care if they are helped by him, or hurt by him. All that matters is that he is getting attention. And like any addict, he will always need more, and more. He is so transparent.
I hate to give advice as I could be wrong
but my IMHO listen to Schlong on this one.Market timing cannot be done because the market has no even slope.
At the end of every bear or bull the market will have falling or risen in only a few of the days and within those days only a few of those hours and within those hours a few of those minutes and that is why you cannot market time.
I hesitently got out a few weeks ago (post 27) when this tariff nonsense started because, and only because, Trump is a meglomaniac so I decided to stop thinking it was a normal free market situation and I got lucky in my guess but getting out now may be too late
The market will come back and break records and if it does not your best investment is a patch of land where you can live
off the grid and go back to the barter system
IMHO, this is not advice just food for thought, have enough safe money for a few years and let the rest ride
The situation is less dire in Canada then most countries esp USA so Trump stops this nonsense or there will be civil unrest and the Dems take control of both houses in mid term elections
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Just like with Tesla, the person in charge is important. I would never touch h Tesla again because Musk is a piece if shit con man who is running Tesla into the ground, and its board will not stop the nazi from hurting its investors.
Same thing with Trump. My decision will be based on how confident I am in his leadership. So far he has acted recklessly and is steering the economy into a recession. Stocks could tank much more because of him.
Everyone should invest in what they’re comfortable with.
I agree timing the market is generally a fool’s errand, but simply deciding to stay out of the market because you have no confidence in the leadership is another matter.
Litterally watching this video right now. Graham definitely sums things up pretty well, even MAGA dumbasses should understand from the video how stupid this entire exercise is.
