• andyquest@sh.itjust.works
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    1 day ago

    Idk, when do they buy? This shit has to go way more south before our dear great leader decides to undo the tariffs, right? And if he doesn’t undo them, when would it go back up? We’re still in a race to the bottom…

    • wise_pancake@lemmy.ca
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      1 day ago

      I lost a lot of money today, but I’m still up from 6 months ago.

      This is going to last a long time and the recession is when they’ll buy.

    • Boddhisatva@lemmy.world
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      1 day ago

      Knowing Trump’s irrationality, he just wants to erase all the market gains from when Biden was in office. That means he’ll keep at it until the DOW looses another 10,000 points or so.

      • andyquest@sh.itjust.works
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        1 day ago

        Well I just bought some inverse SP500 x3 ETF so I’ll hold onto that until we reach the new great depression

        • grue@lemmy.world
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          1 day ago

          LOL, good luck with that.

          (Inverse ETFs, especially leveraged ones, don’t work the way you think they do. They’re not really intended or suitable for anything but day-trading.)

          • andyquest@sh.itjust.works
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            1 day ago

            U right, made up some of my losses today but I do plan to sell as soon as it looks sort of stable then I’ll just buy a long put

    • CileTheSane@lemmy.ca
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      1 day ago

      Even if he does undo them there’s no telling when he’ll put them back in place again on a whim. Everyone abandoning the market isn’t going to come back unless Trump gets Epstein’d or Luigi’d.