I know that some of our members here are strongly pro-trump, and now I'm curious about their reaction. Seeing their stocks plummeting, not even they can ignore the damage now.
When it comes to investing we have weak hands, and strong hands. Though it sounds feeble the term weak hand isn't an insult, it's what any holder is when they first get into an investment and it hasn't moved.
The weak hand will suffer when the markets crash, no matter how big the capital investment.
Trump's crash fell down 27% then bounced back up to -13% ( from the previous top where a weak hand invested. )
Most investors have strong hands and won't panic sell when there's a market dip. As a matter of fact some investors boasted this cycle when they bought that dip.
Hodling while the market crashes is not a test of strength dude, if Trump's shitty policies tank the market, and you are celebrating the rebound, it's like someone burned your house down "but it's okay cuz the fire people extinguished the fire"
You seem very comfortable with a 27% crash. As if you don't understand how devastating this is for the non-rich people, like working class people and people with pensions, retirement savings... Maybe Rich tech bros can hodl but most others, especially Americans, cannot.
also it's funny that my post is mainly about the ethical concerns of (deliberately) tanking the economy, and you are sidestepping that for... Investment strategy. Way to prove my point ig
Also look at the previous dip in 2022. That is a -37% dip ( That chart is the NASDAQ where each candle represents 1 week ) so it took much longer to recover, but there was no outrage.
Maybe they didn't care about minorities or other people, but if it hurts their own wallet it's gotta do something to them, right?
Well Xadem, some of us actually are minorities. I'm the biggest minority on this site tbh, there are less than 1.3 million of me in the world. I'm pro MAGA cause I understand it, and I'm not even a US citizen.
Being a minority yourself doesn't negate the fact that republican policies can harm minorities. Let me guess, you have a gay friend so banning DEI is not a problem either? The way you play into your own minority status and somehow "uncle tom" your way through MAGA's disregards for your own people and other minorities is sad.
Sometimes it feels like the stock market is the only thing US conservatives care about, making it a good opportunity for reflection.
I'd argue you're guilty of that Xadem. You are after all taking the opportunity to reflect on your understanding of the markets performance.
I do think you're the type to prance around every time a market crashes.
I saw that in you before and here we are again. Though the markets are much higher now aren't they. It's just everytime there's a dip, you'll make like it's the end.
Weird that this is the part where you get defensive
It's becoming harder to deny the catastrophic effects the Trump administration has not only on Americans, but on the entire world.
Well. In Canada, Trump has crushed the Trudeau dynasty, his own party insisted he step down because he's proven too weak to deal with Trump.
- We have stronger borders, not only for what may go into the states, but what will come out of it, and trust me we get a lot of illegal shit coming from the states.
- We have a federal election April 28th. We were expecting it to happen in October, but it's happening the hell right now.
- Trudeau the idiot invested 20 billion to Ukraine, and now there's a ceasefire. The ceasefire is Trump's work again.
- Ceasefire between Hamas and Israel. Trump again.
- The Taliban wants dialog with the US and wants to trade. Trump again.
President Trump is the president of peace.
I don't know canadian politics enough to comment on it.
But a bad peace only leads to more war later on... Shitty ceasefires like hamas/palestine and whatever is gonna be Russia/Ukraine completely ignores the reality of the situation and leads to more death down the line.
also, he escalating tensions with iran as we speak, and threatened to invade panama and take greenland.
After ignoring how people are being sent to slave labour camps, judicial due processes being ignored, imperialist territorial claims being made and journalists censored...
Sounds like WWII, with the Nazi's putting Jews to slave labor. I don't think that's happening today. In China it says there are forced labor camps for the incarcerated. I think that's fine, would you like America to free them ?
Yes Realpolitik is inherently hypocritical. Remember how the EU said nothing when Turkish took to the streets to protest against Erdogan imprisoning his main political opponent? Lol. But does that justify sending innocent people to El Salvador slave camps?
The EU is considering closer ties with China over them being rational authoritarians instead of the Trump administration's utter chaos. That makes a choice between a predictable psychopath and a maniacal one. So let's not compare the long list of war crimes of either in favour of the other...
Obviously china does bad shit too, and we can't ignore that. But ask yourself; What happens when a company/country gets uncertainty or even distrustful of a trade partner? They go look for alternatives. So that is simply what is happening. Chinese are eagerly positioning themselves as a stable alternative and predictable partners who are ready to negotiate with everyone. You must understand that unlike the US they are longterm planners who really believe their system is superior to that of the US, and tbh this is slowly proving right. As we speak some billionaire is dismantling the US government and US allies are pulling away, so China is happy to jump fill in the vacuum.
This is an opportunity for geopolitical realignment, cuz Trump is destroying the multilateral system which the USA was the beating heart of. And now China is the new world leader.
That all wasn't enough to break the narrative. Is it now? Or will trumpists double down and pretend there is a masterplan for us all, instead of just for those few at the top?
The master plan in the enrich the American people. Not drive them into the ground as previous administrations have been doing for a very long time.
I myself wrote about Trump's economy doing poorly at first. That is because the economy will need to realign and it won't just happen overnight. Tariffs are a thing, always has been. Your sources don't really program you to understand what's happening with them though.
And who did the tariffs hurt the most? American consumers, farmers, small business owners... Who benefited most? The ultra rich
Also you're welcome to challenge my inferior sources if that makes you feel superior in the absence of an actual reply but if you're just going to dismiss them without offering evidence this convo will not last long