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55
They're already blaming Trump for stocks falling (archive.ph)
posted 1 year ago by altmehere 1 year ago by altmehere +55 / -0
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▲ 26 ▼
– SoctaticMethod1 26 points 1 year ago +26 / -0

This is actually a good sign as it means they're expecting a Trump win so are trying to saddle him with ALL of the blame for the Biden/Harris economic decisions.

Because doing this knowing you are going to successfully cheat your way to having the cackling in chief really undercuts your own credibility.

Not that it stopped them in the past...

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▲ 22 ▼
– altmehere [S] 22 points 1 year ago +22 / -0

I do think that if Trump wins the stock market will probably drop rather sharply at the beginning of his term, not because Trump is bad for business but because values are overly inflated and the companies like BlackRock pulling the strings will want them to fall to make Trump look bad.

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▲ 4 ▼
– Shill4Hire 4 points 1 year ago +4 / -0

Just means buy the dip.

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▲ 16 ▼
– Vivs3rdSock 16 points 1 year ago +16 / -0

They tried blaming him the other week when McDonald's went down in stock despite actually performing better than the wider market. If anything his appearance there probably helped the company and even if it didn't something else did.

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▲ 1 ▼
– undecidedmask2 1 point 1 year ago +1 / -0

The E. Coli thing probably didn’t help.

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▲ 14 ▼
– HyperboreanDNA 14 points 1 year ago +14 / -0

To be quite honest, Trump winning should send stocks down. Tariffs will hurt major multinational companies even if the net overall impact is that the average American is better off. Remember, Wall Street and Main Street don't always move in lockstep.

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▲ 5 ▼
– covok48 5 points 1 year ago +5 / -0

Haven’t since the early 60s.

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▲ 7 ▼
– FrozeInFear 7 points 1 year ago +7 / -0

Meanwhile on zerohedge:
Ignore the Polls, the Markets Are SCREAMING Trump Will Win

Do you think stocks would be in a roaring uptrend [since Nov 2023] if they thought Kamala Harris was about to win the Presidency?
Do you think the real estate sector would be preparing to break out of a two year bear market if it thought Kamala Harris was about to win?
Do you think Bitcoin would be breaking out of a bull flag and hitting new all time highs if it thought a Harris administration was in the cards?

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▲ 2 ▼
– Gizortnik 2 points 1 year ago +2 / -0

FUCK

Why didn't I buy BitCoin when it was 52k!!!

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▲ 1 ▼
– SR388-SAX 1 point 1 year ago +1 / -0

Why didn't I buy BitCoin when it was 52k!!! $3.50?

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▲ 1 ▼
– Gizortnik 1 point 1 year ago +1 / -0

sigh

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▲ 6 ▼
– Kienan 6 points 1 year ago +6 / -0

Two disclaimers: This is a massively complex system, open to many different interpretations, and hard to pin down. Two, I'm pretty clueless on this stuff.

So, yeah, this is just one theory but...haven't they recently been shifting the polls and betting odds back in favor of Harris anyway? So the "system" is expecting or pretending to expect a Harris win, not a Trump win. So in that respect it's kind of a double whammy: They're lying about Harris being the clear winner, but then also blaming Trump for market instability. They're trying to eat their cake and have it, too.

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▲ 5 ▼
– ernsithe 5 points 1 year ago +5 / -0

Business thread?

What's a portfolio one can make so that if Kamala wins, you get your reparations money back? NKE and LVMUY are givens, maybe some of the big cosmetic firms (Fenty is already 50% owned by LVMH), but I'm having a hard time finding publicly traded companies focusing on wigs/extensions or press-on mails.

Weed is a tough one. Would any of the legal growers see a boost?

Or do you think it would be better to just stick with Green shit, big tech, and defense contractors for all the boondoggles, quit pro quo, and wars we'll be in for?

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▲ 4 ▼
– HallucinatoryBeing 4 points 1 year ago +4 / -0

I have more faith in a yellow rock than whatever "value" the US produces.

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▲ 3 ▼
– alucard13mmfmj 3 points 1 year ago +3 / -0

Lawl. Is that why my crypto fell like 10% in last 48hrs?

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