US stocks were battered by a sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war.
The Dow plunged by 1,950 points Friday afternoon, or 4.82%, pulling back slightly after being down more than 2,000 points. The broader S&P 500 was 5.4% lower. The tech-heavy Nasdaq Composite was 5.36% lower and on track to close in a bear market — down more than 20% from its record high in December.
You can bet every little bounce up it does is from his buddies buying up the dip until he drops the whole deal to restore things to normal. Suddenly the rich own an even higher % than they did before in just a few week’s time.
Since we know it’s a grift, is there anything non-billionaires can do to profit off the situation?
The problem is all his buddies know when he’s going to do something so they can easily time their trades.
If you don’t know when and what and how much, you’re going to be at a massive disadvantage.
E.g - I’m sure insiders billionaires knew what these tarrifs were going to be, and they could sell in advance. Everyone else just knew they were coming, but not what, so there was more hesitation and uncertainty. And then the billionaires will know in advance that he’s going to suddenly switch his mind, and we won’t know until he does it.
Yes, run to other countries
Where? Pax Americana enveloped all of the developed world and American shanenigans have an impact on everywhere it would be nice to live. Late stage capitalism is a global problem nowadays. Americans are getting fucked economically but europeans are facing the collapse of security structures and the need for huge arms investments, also the wave of right wing populism doesn’t seem to be receeding. IDK too much about situation in south America but apart from Argentina 100 years ago SA countries never seemed to be the best of countries to live. Developed nations of Asia probably have the same problems as Europe right now.
I guess we should just hope that China doesn’t turn their strategy from economic expansion to something more imperialistic and will still be satisfied with us just consuming tons of their plastic shit.
I’m actually hopeful it will spark a New Deal like situation and result in more and better jobs. Also, a lot of the military readiness stuff is dual use, for example the biggest hurdle for military readiness against Russia seems to be the terrible state of German railways.
Ok, howabout non millionaires?
Let’s break it down further.
I got 13 gil and some pocket lint.
The only good way I can think of is to short and wait, who knows how long this would prolong.
If you just hold and don’t sell, at some point wouldn’t there be no sellers to meet the buying demands?
RN is the worst time to sell tbh. Hold and buy if you can
Registered Nurse?
Right now
But do you know how many people could be willing to sell? Also, the market can stay irrational longer than you can stay solvent.
When do you think he will restore things to normal?
One month before midterms?
My guess, around the time they buy up all the free floating stocks on the market.