Trump warns stock market: 'Don't expect a rescue'. That means no bailouts this time round.
(www.axios.com)
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Holy fuck... The 2008 crash is finally being allowed to hit the rich?
Should we expect it to start raining stockbrokers and Business executives then?
Another week of massive drops might bring us to āsuicide weekendā
THIS IS BEGINNING TO LOOK LIKE ANOTHER 2008 SITUATION...was at Merrill-Lynch at the time and walked into the technical manager's office and turned in my resignation---->saw the writing on the wall<...
Did NOT WANT TO BE PART OF THE CARNAGE THAT TOOK PLACE...10,000 people in 6 blgs in Jacksonville, Fl were laid off all at once...
SMART, but damn that sucks for the ones that stuck around.
At least they get unemployment. Hopefully
Let's hope so.
My Ford is insured. Where do I park it to arrest their fall?
"It's raining men"
What about seniors with 401ks invested in the stock market? They depend on that money to live.
That was a stupid thing to do. I remember a company I worked for switched over to stock investing for our 401ks and I was the only person in the room that was like "that is insane. why!?", so I opted out. I look like a genius now, but really its like someone in HR coming to you and saying "I'd like to put your pension into a casino run by colombian drug lords...you cool with this?" Dumb. I just wish at that time I had put it into bitcoin instead
Genuine question, why do you think bitcoin is any different? To me itās the same thing as the stock market but worse
Bitcoins down much worse than either index, I wonder if they thought through that reply.
Itās decentralized and that means compared to fiat itās much more difficult for greedy ass clowns to manipulate for their own gains.
In theory itās borderless, so a hut dwelling Nigerian can buy it and it will hold its purchasing power regardless of whatās going on in the banana republic they live in. With that comes a whole lot of financial options that your average Nigerian spear chucker wouldnāt normally have available to them.
That barely scratches the service!
Exactly. People act like they have absolutely no idea that the stock market is a form of gambling.
People who refuse to go to casinos or play the lottery or play poker with their friends because they're morally opposed to gambling have no problem playing around with stocks.
People really make no sense to me. š¤·āāļø
Yah want to be putting all that stuff in Gold and Silver, etc. It stands the test of time.
Correct. Everything in the red today except Au and Ag
Fog of war is in play. Keep in mind that the markets have been aware of Trumps tariff plans for years now.
This comment from r/Superstonk is interesting:
Spot on
I'm kind of enjoying it. Stocks and crypto are on sale right now.
I think the "crash" is bring engineered in an attempt to get PDJT to back pedal on tariffs and make small investors panic sell. They did the same thing back in 2020 (covid plandemic was issue then but same playbook used) and everyone that put money at the bottom then is happy they did.
That includes my mother.
She said,she wants to see it burn down.
Alas, the general opinion around here seems to be "Who cares? They should have been investment wizards when they were younger."
Here comes the new stock market system!
Tokenized securities. Blockchain. No brokers. No fraud.
Been waiting for this for several years.
Edit: it has begun https://patriots.win/c/TheDonald/p/19Ax2d5oF0/
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What about Hedge Funds?
Their banks will take their positions over,like Credit Swiss did last year....
They are no longer with us.
I think most of us are tired of bailing out these crooks, how many of crisis are created by the ones we have to bail out?
Margin calls incoming.
They are toast.
New stock market system imminent.
Blockchain based, tokenized securities. No middle men or fraud.
Man the Lifeboats mates!
For the dummies like me that do have a 401k and are close to retirement in 2-3 years, what do we do once it really does crash? I have been in the most conservative "model" for years thinking this would happen someday, its like the 30/70 model, I know I have lost a lot of opportunity but now that "opportunity" has basically reset and I am also not freaking out with what's happening, am I wrong thinking I should jump into a higher risk model like the 50/50 or 60/40 right after it tanks ? is "the dead cat bounce" coming or has it already happened ?
If you are in an asset allocation target model (sounds like you are), it will auto rebalance periodically, meaning if stocks drop they will no longer represent 30% of your portfolio, so the fund manager will sell bonds to buy stocks when it rebalances. The rebalancing policy should be available online, in terms of frequency. Remember that interest rates have been dropping which is good for bonds, so rebalancing also trims your winners. It converts market volatility into a source of additional return over the buy and hold investing style. In 2-3 years things will be fine anyway.
The 30/70 is the risk factor, I can select a group of pre selected funds that fit that risk, I can set it to rebalance but I currently do not have it set that way, I can also select individual funds and percentages, it is empower retirement that I have thru my employer
If I were you, Iād look for a silver IRA to liquidate some into.
Check And We Know podcast for links. Also I just heard X22 Dave advertise a Crypto thingy (not my thing, but an option)
IDK but can you select which stocks? I would bet that Tesla, for instance, will recover but others run by swamp monsters may not
You only lose when you sell.
Is this the precursor to "suicide weekend" we are all expecting?
The rescue is coming. For We,The People.
Does that mean for everyone? The farmers are already clamoring for one.
And they feed us, so...
Next phase coming soon: People figure out to live simply, grow at least some of their own food, and not be reliant on the stock market for anything. It's just a scam anyway. Most of our needs can be taken care of by ourselves and local small businesses.
Look around. It's already happening. In fact, many people have been living this way for decades.
the buy marker is when they start jumping out the window