• @TommySoda@lemmy.world
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      3019 days ago

      They are literally pumping and dumping the stock market as a whole. It’s market manipulation by tariff as they make bank on peoples fear.

      • @witchybitchy@lemm.ee
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        9 days ago

        announce tariffs > market uncertainty > sell off stocks > value goes down > buy the dip > pause tariffs > markets recover > laugh all the way to the bank

        or something like that

        • @peregrin5@lemm.ee
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          59 days ago

          That’s what I did. I rebalanced my stock allocation from 50% to 80% and put a few thousand more in the market.

          • @Wanpieserino@lemm.ee
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            9 days ago

            General known info would be that lump sum beats DCA 2 out of 3 times. Well, we’re after a crash. So I just am pumping everything into it.

            Into European stock tho, not touching crazy.

            But for anyone reading this: keep an emergency buffer of 6 months on your savings account. Your choice if that’s 6 months expenses or 6 months income.

            If you get fired, you have unemployment benefits, if you get sick you get sick pay.

            We have the ability to seek a bit more risk in our private lives.

            • @peregrin5@lemm.ee
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              9 days ago

              I hedge my bets and do both. I deposit a regular amount regardless of what happens but will throw in a bit extra when it’s clear there is a dip. I prefer the international ETFs also. Can’t go wrong being more diversified.

              Double recommend the emergency fund. I have 6 months income but with the current volatility and that fact that I live in this American shit hole, I may want to start contributing more to it to get 9 months at least. But since I have 6 months already I’m fine with not missing this opportunity to buy the dip.

              I only wish I had waited a week to make my yearly IRA contribution. I generally do a lump sum for that since I just max out the contribution for the year with my bonus mainly because it’s easier to keep track of. This event makes me want to rethink that strategy since I missed the dip on that by a week. It probably doesn’t matter that much though since I can’t touch my IRAs for around 30 years anywho.

              • @Wanpieserino@lemm.ee
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                19 days ago

                The DCA method. They say time in the market beats trying to time to market.

                But in these times, it’s obviously those with money outside of the market that have the biggest gains.

                COVID had a one month crash. Then here in Europe we had the energy crisis bear phase.

                But between the financial crisis and COVID it went relatively smoothly.

                Future can’t be predicted. DCA or building up a lump sum for a bear phase. No idea which of the two is the best option.

                The latter is probably the safest one.

        • @NotMyOldRedditName@lemmy.world
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          9 days ago

          These swings are good opportunities to harvest losses if they cause any and you can move into something else that’s similar.

          Like from a Blackrock 80/20 fund to a fidelity 80/20 fund or whatever it would be.

          Minimal risk but you can still realize a loss.

          I was going to do that until he of course undid it today. My timing was off unfortunately.

    • @floo@retrolemmy.com
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      109 days ago

      Trump is a dumb fuck who got called on a shit by someone he couldn’t force into doing what he wanted. So, like any bully, he’s “changing the agreement” to appear that he is still in power. Which, obviously, he never was.

    • At this point, I am convinced it’s a pump and dump scheme, still ongoing, too. It only takes a few people in the know of when and where the news break about the tariff supsension, to seriously make a killing on the market, on the backs of others. Trumpists can now also (for a while) feel like their God has saved them again and never steered them wrong, or curse their momemts of doubt, when they did not buy yesterday, as their prophet called for.

      It is a mixture of incompetence, impulsivity, but I am certain at this point, a huge chunk of it is outright corruption and cult tactics.

      • @Asafum@feddit.nl
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        509 days ago

        I honestly believe it is intentional as well. The 90 pause that went around social media the other day wasn’t a mistake it was a leak.

        They’d be stupid to not be financially gaining from their intentional manipulation. We hired an entire administration of grifters, what else should we expect?

        • @henfredemars@infosec.pub
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          9 days ago

          He literally announced on Truth Social now is time to buy right before he announced the change.

          There’s no arguing about it. The intent is to manipulate the market to make his friends rich.

      • @Eril@feddit.org
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        129 days ago

        Any bets that it will take less than 90 days before we get the next tariff circus?

        • @Stovetop@lemmy.world
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          9 days ago

          I feel like it’s just going to be round 1 of Canada and Mexico all over again. The pause for them didn’t make a difference. He said “let’s make a deal”, Canada and Mexico made a deal, and then 30 days later the tariffs began regardless.

          No one is making deals this time because everyone knows they won’t affect the outcome. What is affecting the outcome is making threats. So either he just stubbornly waits it out, getting nothing in return before they happen anyways, or he chickens out and walks it all back.

      • @Zorg@lemmy.blahaj.zone
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        8 days ago

        2+ million shares of SPY were traded in 3-4 minutes an hour before it broke. Had been pretty much flat since opening for the day. It’s fucking blatant.

        2+ million shares of SPY were traded in 3-4 minutes an hour before it broke. Had been pretty much flat since opening for the day.

      • @WatDabney@lemmy.dbzer0.com
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        169 days ago

        Government by a delusional malignant idiot clown.

        An entire administration of delusional malignant idiot clowns in fact…

    • Optional
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      149 days ago

      He’s a demented rapist who should be nowhere near government.

      • @floo@retrolemmy.com
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        189 days ago

        I disagree. While many of his sicko fans may be pushing towards this goal, Trump, himself, is far too incompetent, stupid, and demented to understand the point of what ever he is, he does. He reacts at a pure emotion, and this play will obviously end him And all of us in a much worse position. He’ll still convince him, Self he’s winning, though, and every sycophant around him will vociferously agree.

        The only way to stop any of this is if Trump, and his entire cabinet, are dead. I’ll leave it up to you to figure out how that should happen.

        • @dogslayeggs@lemmy.world
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          309 days ago

          Oh stop that. He knows exactly what he’s doing. It’s a reverse pump and dump to make insiders more money, while also destabilizing the global economy to help Russia.

          • @floo@retrolemmy.com
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            -19 days ago

            I never said that he didn’t know what he was doing, although I will say that now. He clearly stated a motive for what he’s doing and what he’s doing is never ever going to achieve that. So the only explanation is that he is both mentally deranged in several different ways, but also highly influenced by his sicko followers.

        • Lit
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          49 days ago

          I wonder if all this is just a distraction for something else… no idea what though.

          • @floo@retrolemmy.com
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            9 days ago

            After 2016, you should no longer wonder. It abs-o-fucking-loutley is a distraction for something (everything) else. And if you wanna know what it’s a distraction for, pay closer attention.

            Currently, there are several terrifying crises that Trump has created: an immigration crisis, an import/export crisis, an economic crisis surrounding taxation, and an impending climate crisis. Everything he does is to distract from one thing or another, because he’s trying to ram through Project 2025, which is basically trying to re-legislate everything that the entire world is progressed away from over the last 150 years. Why, because the insane capitalist who want these regressive policies are the ones who also kisses ass to the point that he will do whatever they want.

            How do you fight against any of this? Fight against all of them. But don’t expect that the judiciary or the legislative branch will accomplish that goal.

            Trump has to be eliminated from any position of power. Forever. That’s the only way to begin any hope of reformation. And even if not reformation, just stopping it from becoming worse. Same goes for any ally of his, no matter how temporary, and including anyone who ever voted for him, or thinks that he is capable of anything other than a catastrophically destructive and fascistic authoritarian control of this country that will nearly immediately lead to its destruction

            • Lit
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              39 days ago

              Thanks for the explanation.

        • @floofloof@lemmy.ca
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          49 days ago

          It doesn’t much matter whether he has a plan to destroy the USA or whether he is a dumbass being manipulated by others with a plan to destroy the USA, or whether the manipulation is mainly based in blackmail or narcissistic pride. The overall result is the same.

          • @floo@retrolemmy.com
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            9 days ago

            The fourth possibility you failed to consider, or at least did not include in that list, is that he has such a demented, egotistical, dumb fuck, that he is doing what he’s doing for those reasons.

            But you’re correct: the result is mostly, if not completely, the same.

      • @givesomefucks@lemmy.world
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        9 days ago

        It’s not intentional…

        His first term had people managing him and stopping him from doing this shit.

        This term is all people egging him on

        He thought countries would rush to negotiate, instead they called his bluff. So now he’s vaugely saying “everyone” has been negotiating so he’s pausing everyone but China.

        He wants every country to think they’re the only one not negotiating, when really no one is.

        trump isn’t that hard to predict. 80s sleazy business practices are way more likely than some convoluted scheme to crash everything.

        Putin wants him to, and trump is gonna do it. But at no point will trump be crashing the US economy intentionally, he’s genuinely doing his best right now.

        And that’s way fucking scarier

        Quick edit:

        Even this 90 day pause, it’s almost certainly just because they saw the bounce from that fake tweet, and knew it would at least cause another bump if they really did it

        They’re fucking idiots with no clue what they’re doing.

    • @makyo@lemmy.world
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      39 days ago

      Pure idiotic fuckery is what’s going on and the idea of a market rebound is hilarious to me because even without global tariffs there are plenty of other things he can do and IS doing to create instability in the USA. He’s gotta go, the sooner the better.

    • @Kekzkrieger@feddit.org
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      69 days ago

      Trump told his friends to short their stocks, announced tarifs to crash the economy, they all made tons of money.

      Had everyone buy low, announced pause on tarifs, made tons of money again.

      I really hope its that way, and not just trump being batshit crazy and having no idea or plan what to do.

    • @ExLisper@lemmy.curiana.net
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      49 days ago

      They wanted to extort other countries but they are too stupid to execute something like this. They used ChatGPT and fake experts to come up with this ‘plan’ and it failed. Now they are bailing. In couple of days they will start droning Mexico or Israel will start another ground invasion somewhere to cover this fuckup with another one.

    • @nuko147@lemm.ee
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      49 days ago

      I guess the strategy of USA is based on D20 dices. That would be my best guess.

    • Lit
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      9 days ago

      Tariffed countries slapped the woke out of trump and his woke tariffs.

  • @llothar@lemmy.ml
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    1419 days ago

    This just proves that US tariff policies are unstable.

    Why would any company move production to US based on tariff then? Imagine spending money to move a factory from China to America, and the next month tariffs flip flop and your competitor laughs at you all the way to the back counting earnings from their Chinese imports.

    • Mbourgon everywhere
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      269 days ago

      Dems just need to say that their candidates will drop all new tariffs like this. Which is goofy (repubs pro-tariff, dems anti), but it incentivizes them to not go along with any of this, medium/long term

      • @taladar@sh.itjust.works
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        59 days ago

        Whatever Democrats say, it will just contribute to uncertainty which is what the comment you replied to was all about.

  • @werefreeatlast@lemmy.world
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    198 days ago

    Now, I’m not an economist but it looks like orange pile was just testing how he could fuck around the economic beehive. I’m gonna get my money out after it recovers and a few days before the orange pile tries anything again. Probably I should move my retirement money overseas?

    I’m looking around for other strategies.

    • Optional
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      69 days ago

      HIs mind changes with whoever just left the room.

    • @cocomutative_diagram@infosec.pub
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      8 days ago

      No, but this is the art of the deal™

      (/s in case any dumbass is reading this. There is no art and he made no deal, except the deal with his criminal friend to do insider trading)

    • @spartanatreyu@programming.dev
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      28 days ago

      Flip-flopping in and of itself isn’t bad.

      What it is - is a symptom.

      A symptom of being an absolute dumbass. Now that is what’s bad.

  • @sleezer@lemmy.world
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    289 days ago

    Why stop there? Why not 500% or 1000%? We’ll see the greatest US market in history. It’d be legendary. Like no president has ever done before. /S

    This guy is a moron. The United States will be in a self made recession or depression very soon cause of this clown.

    • @NotMyOldRedditName@lemmy.world
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      9 days ago

      Trump should just create a tarrif that doubles whatever increase the target nation does.

      So tarrifs China 50%. China hits back 50% so now China is 150%

      Then China should do the same and raise tarrifs.

      Then we’ll have infinity tarrifs!

      • @Anti_Iridium@lemmy.world
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        168 days ago

        And I think it should be exactly like that.

        Considering they have proven they can get algebra solved, with their (x-y)/x formula, China should retaliate with -50% tariff policy. United States doubles to -100%.

        Everytime you buy something from China, the US Government has to pay you it’s entire value.

  • Hello_there
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    219 days ago

    It’s almost like tariffs should go thru a process to be decided. Instead of decided by trump when he’s sitting on toilet

  • @CPMSP@midwest.social
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    99 days ago

    Coward. And now he’s going to tell everyone what a great deal maker he is - it only cost the world $12 B or so.

    The fact that people defend this action is appalling.

  • @Redditsux@lemmy.world
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    1079 days ago

    This is so stupid. He announce tariffs, markets tank. He pauses, markets rebound. He then imposes tariffs, markets tank. He pauses… oh he’s jerking off everyone. got it.

    • Null User Object
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      1019 days ago

      I’ll give you one guess when he and his cronies are buying and selling stocks.

    • @Yawweee877h444@lemmy.world
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      409 days ago

      I’m beginning to think Wall Street and this stock market thing might involve scamming and fraudulent activity… Maybe crypto too…

      • Yeah, but here is the tragedy to all that: It is still also deciding, which things get the capital investments necessary to exist, and the livelihood of people has been entangled with that shitshow to an absurd degree.

        Sometimes I almost love that I am already at subsistence level disability payments (in a European Welfare state, so thankfully, not in danger of starvation or anything) without any real wealth beyond day-to-day living expenses, there’s not that much for me to lose every time this shit happens.

    • @Aliktren@lemmy.world
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      129 days ago

      Unless you own a lot of stocks and shares, then a bit of insider trading is really working out well

    • @TheFriar@lemm.ee
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      39 days ago

      To add to that chaos, the announcement that there was a 90 day pause was not even true. It was tweeted by Steven Bloomberg or something and markets rebounded because it spread all over Twitter and outlets started reporting it, but he never said it so they sank. Did he actually end up announcing a 90 day pause now? So now they’re back up? The fuck?

  • Norgoroth
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    109 days ago

    Trump the financial terrorif and his cronies are doing an absurd amount of insider trading