Trump now the only US president to inherit a bull market and turn it into a bear market. Not only that, he's done it in record time.
Which of the sycophants is still defending this man being elected?
Spoken like a true champion of the free market!
A lot of Trump’s supporters do not have exposure in the S&P 500 so probably don’t care the stock market has tanked.
He’s done exactly what he said he would on the election trail so people knew what they were voting for.
An awful lot of them will have a 401k or other pension pot linked to the stock markets.
Thanks for answering my question.Spoken like a true champion of the free market!
A lot of Trump’s supporters do not have exposure in the S&P 500 so probably don’t care the stock market has tanked.
He’s done exactly what he said he would on the election trail so people knew what they were voting for.
Thanks for answering my question.
This is Baghdad Bob stuff.A lot of Trump’s supporters do not have exposure in the S&P 500 so probably don’t care the stock market has tanked.
Haha it’s not a nod of support, just an observation. There were plenty of MAGA supporters excited by Trump’s flirtation with abolishing income tax and replacing it with tariffs… they voted for it in every swing state and particularly the rust belt where they feel their jobs have been stolen by workers in foreign countries.
Besides, I’m sure the phrase ‘the stock market is a graph of how rich people’s feelings’ came from left wing economic people? So when did you and others care so much about the price of the S&P 500… it’s disingenuous.
We all know if Bernie Sanders was elected president, you (and others) wouldn't care how the US stock markets reacted to his policies.
Honestly, your ability to say this stuff in back-to-back sentences with a straight face is almost impressive.The stock markets value has had ridiculous price-to-earnings value for a few years which has lead many people to suggest it’s a bubble.
Either way, if you ride out the bumps, when the stock market is down it’s usually a great time to invest.
There are 20 million people aged 60-64 in the USA
This is Baghdad Bob stuff.
Again - if stocks are tanking because investors are predicting a recession, then it matters to everyone regardless of how much exposure they have. As this thread shows, consumers are deeply aware of financial unrest and will behave accordingly.
Honestly, your ability to say this stuff in back-to-back sentences with a straight face is almost impressive.
MAGA Mad Boys?Haha it’s not a nod of support, just an observation. There were plenty of MAGA supporters excited by Trump’s flirtation with abolishing income tax and replacing it with tariffs… they voted for it in every swing state and particularly the rust belt where they feel their jobs have been stolen by workers in foreign countries.
Besides, I’m sure the phrase ‘the stock market is a graph of how rich people’s feelings’ came from left wing economic people? So when did you and others care so much about the price of the S&P 500… it’s disingenuous.
We all know if Bernie Sanders was elected president, you (and others) wouldn't care how the US stock markets reacted to his policies.
Where is the evidence that it doesn’t impact ordinary Americans? The impacts of a volatile market sell-off are about more than just the value of stock portfolios - political fallout, consumer confidence, or financial contagion could all be factors.Whilst all this is true, it doesn’t impact ordinary Americans because most of them will not investments in the stock market. If there is a deep recession, of course it will impact people but that wasn’t the point I was making.
Yes and do you think their portfolios will be particularly exposed to the S&P?
It’s not likely unless their fund managers are idiots because the risk factor (distribution of your portfolio) reduces (i.e. from stocks to bonds) the closer you are to retirement.
Whilst all this is true, it doesn’t impact ordinary Americans because most of them will not investments in the stock market. If there is a deep recession, of course it will impact people but that wasn’t the point I was making.
Why do you think that?
Frankly, you don’t know you’re in a bubble until it’s burst and the historically high price to earnings ratio could mean one of many things; either we’re in a bubble or perhaps the new tech (though unrealised) is genuinely taking the step up.
After every market shock, the S&P 500 has always made a comeback so as an investor myself, it’s not a terrible time (imo) to invest and if I lose money… I’ve got myself to blame.
I’m also a bit confused. We are meant to ignore what Trump says because he’s probably just posturing, but we’re also meant to not be surprised because he said it on the campaign trail?Where is the evidence that it doesn’t impact ordinary Americans? The impacts of a volatile market sell-off are about more than just the value of stock portfolios - political fallout, consumer confidence, or financial contagion could all be factors.
what happened to there's no way I'm backing down when we're making $2bn a day, that was only a few hours ago90 day pause on tariffs expect China. It’s almost like there’s no actual plan.
what happened to there's no way I'm backing down when we're making $2bn a day, that was only a few hours ago
often said that the one thing the markets don't like is instability. how the fuck is anyone supposed to know what is happening from one hour to the next
It’s almost like he’s been shorting the market on purpose so he and his mates can profitView attachment 42433
Stocks bottomed out and the buy up started.
Meanwhile... 125% tariff on China.
Yeah, that's now. But what will he be saying in 10 mins time?View attachment 42433
Stocks bottomed out and the buy up started.
Meanwhile... 125% tariff on China.
If it’s always been about China, why not just hit China? Why the charade regarding the rest of the world?It’s always been about China
Trump says he is open to talks after hiking China tariffs to 125%
"Xi is a smart guy and we'll end up making a very good deal," Trump told reporters in the Oval Office.www.bbc.co.uk
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