this post was submitted on 03 Apr 2025
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[–] The_Caretaker@lemm.ee 34 points 1 day ago (1 children)

Do you think Trump, Musk and their oligarch insider friends maybe, just maybe, opened short positions on a bunch of stock ahead of the new tariff announcement?

[–] MystikIncarnate@lemmy.ca 10 points 1 day ago (2 children)

This is my thought exactly.

I watched Steven Colbert yesterday saying that this large of a fuck up is proof there is no deep state. While I get his point, I disagree. If there is someone in the shadows pulling strings this was the intended outcome.

It's pretty well known that in trading markets, there's almost always something that goes up when everything else drops like a rock. Even as such, moving money to be liquid right before a steep drop off, then buying up all the formerly high-value stocks at bargain basement pricing, and just waiting for the rebound, is a legit strategy. Having foreknowledge of such an action is considered insider trading however. Realistically, insider trading is difficult to prove unless the perpetrator is an idiot.

Whether you call it the deep state or the 1% or oligarchs, or simply "rich assholes", if you believe there is a group orchestrating things, then you beat believe this was the intended outcome.

[–] The_Caretaker@lemm.ee 9 points 1 day ago (2 children)

Nothing needs to go up. Shorting stocks lets you make money off of them when they go down. If a person or group of people can cause a crash and know in advance what day it's happening, they can borrow stocks and then buy the stock to repay the loan at a lower price and pocket the change.

[–] MystikIncarnate@lemmy.ca 1 points 19 hours ago

That is also an option.

Honestly there's a lot of ways to make money in the market if you know what's going to happen in the coming days that will affect it.

[–] theherk@lemmy.world 2 points 23 hours ago

Isn’t the value of short position rising?

[–] CaptainSpaceman@lemmy.world 1 points 21 hours ago

Stocks go down because cash goes up

[–] Naevermix@lemmy.world 48 points 1 day ago (2 children)
[–] Halcyon@discuss.tchncs.de 9 points 23 hours ago (1 children)
[–] frog_brawler@lemmy.world 5 points 21 hours ago

Unfortunately, this one wasn't a real tweet. It seems real, but it's not.

[–] Mendicant_Bias@feddit.uk 4 points 1 day ago (1 children)

Now we know why he's keeping Elon around, he needs a lift.

[–] Naevermix@lemmy.world 4 points 1 day ago

Such incredible foresight from Elon—parking a Tesla in orbit around the sun for this particular occasion!

[–] funkforager@sh.itjust.works 8 points 1 day ago

Screen of the WSJ on mobile. For posterity.

[–] SocialMediaRefugee@lemmy.world 120 points 1 day ago (6 children)

He inherited a growing economy, a healthy stock market and low unemployment. He has undone all 3. Power move!

[–] Ranessin@lemm.ee 4 points 23 hours ago

No imagine what evil he could do if he didn't spend 90 % of his waking time golfing!

[–] melsaskca@lemmy.ca 6 points 1 day ago

And he was very quick about it. I have never seen anyone deal so artfully before. /s

[–] D_C@lemm.ee 19 points 1 day ago* (last edited 1 day ago) (1 children)

Be fair, it did take a long time to undo all that...
He's been back in office an astonishing two months. That's a lifetime!!

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[–] einlander@lemmy.world 170 points 1 day ago (15 children)

Time for the rich to buy stocks on discount.

[–] Sibshops@lemm.ee 74 points 1 day ago (2 children)

Assuming the US can recover...

[–] COASTER1921@lemmy.ml 67 points 1 day ago (5 children)

Normally Trump does what's best for the ultra wealthy, but de-dollarization of the world economy appears to be good for nobody in the USA. I have no clue what they're trying to do, I suspect he's just lost it and there's nobody left to tell him these tariffs hurt his croneys too.

At this point I wouldn't be surprised if we're already too far along to save the dollar's position globally. Globally that's probably a good thing, but for any of us in the US it's decidely not.

[–] imrighthere@lemmy.ca 57 points 1 day ago (5 children)

I have no clue what they're trying to do

They published it online. project 2025. They straight up told you what they're going to do. Add in pooty, whose goals align a great deal, and that's it. How do people still not get this, they told you what they're doing.

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[–] pleasegoaway@lemm.ee 102 points 1 day ago (6 children)

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

[–] DicJacobus@lemmy.world 34 points 1 day ago* (last edited 1 day ago) (4 children)

Its Russia in the 90s all over again. Must be a coincidence that the Russian mafia-turned-regime they're so chummy with, got its foot in the door and secured its power through an almost identical move.

Im wondering if America will have its equivalent of the 1999 Apartment bombings.

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[–] corsicanguppy@lemmy.ca 115 points 1 day ago (1 children)
[–] teawrecks@sopuli.xyz 88 points 1 day ago (5 children)

This is apparently a fake tweet. An archive of the actual tweet corresponding to that datetime is here.

[–] HurlingDurling@lemmy.world 1 points 19 hours ago

On one side, this is awesome because companies should tend to the needs of their customers instead of investors.

On the other, fuck my retirement fund

[–] brygphilomena@lemmy.dbzer0.com 32 points 1 day ago (8 children)

My 401k today is $520 less than what it was Jan 21st. I put in almost $600 every 2 weeks.

That's a good chunk of change that just disappeared. I can only imagine how much someone with a bigger retirement account than I have is hurting.

[–] Sporkbomber@lemm.ee 2 points 1 day ago

It disappeared now. When COVID hit I upped my contribution just to max out when the market was at a low.

The only way for the 401k to disappear entirely is if the entire economy is royally, never before seen fucked and completely collapses. At that point retirement if probably not a possibility anyways.

Any other situation you're essentially 'buying the dip' and will see the returns years from now. Although if you're looking to retire anytime in the near future it will likely be a huge hit on what you can take out.

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[–] tiredofsametab@fedia.io 21 points 1 day ago (10 children)

I was considering trying to cash out my 401k and ira in the US (I bought my first house and I think that's one of the allowed cases), but hadn't worked out the details yet. Guess that's not happening right now. I no longer live in the US and will probably renounce citizenship once my parents go.

I looked at my other investments this morning based on this post and.... Lol. Granted, I only one a handful, but it still hurts. My stock that was worth only like 40 cents moved up 5+% so yay for that, I guess.

[–] InverseParallax@lemmy.world 9 points 1 day ago (1 children)

Got my family out last year, I commute back and forth.

There is something really sick about watching this from overseas, like watching paramedics carry bodies out of a car crash.

But it was no fun when I was there.

Fucking morons shooting themselves in the balls to look tough.

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[–] rockettaco37@lemmy.world 29 points 1 day ago (3 children)

And yet people still felt the need to vote for him

I'll never understand this country....

[–] cocomutative_diagram@infosec.pub 14 points 1 day ago* (last edited 1 day ago) (1 children)

And people still thinks he is playing some sort of 4D chess. My friend in Georgia mentioned that people around her says Trump is creating a dip, so that federal reserve will lower interest rate.

Yes, because president can fire tons fedral workers, can send secret police to abduct people, but cannot control the federal reserve, and have to play stagnation or bust.

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[–] slaneesh_is_right@lemmy.org 5 points 1 day ago

Lack of education, bo lack of racism

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[–] DicJacobus@lemmy.world 38 points 1 day ago* (last edited 1 day ago)
[–] SocialMediaRefugee@lemmy.world 34 points 1 day ago (5 children)

His MAGA fans likely don't have anything in the market, or they don't think they do, so they think this won't affect them. They are in for a rude awakening.

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[–] te_abstract_art@lemmy.world 54 points 2 days ago (33 children)
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[–] jordanlund@lemmy.world 40 points 1 day ago

Down 3,163.27 since inauguration.

[–] wanderwisley@lemm.ee 15 points 1 day ago

They voted for this. We all have to be onboard for the crash.

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