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Time for the rich to buy stocks on discount.
Assuming the US can recover...
If it doesn’t, the rich will still be fine. Unlike most Americans, they can diversify outside of the US.
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...
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.
Well I just bought some inverse SP500 x3 ETF so I'll hold onto that until we reach the new great depression
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.)
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
That sounds like sunscreen
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.
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.
It's good for them when they can buy other people's stock at fire sale prices, it's less good for them when their own stock is reduced to fire sale prices.
And it isn't good for them if stock growth doesn't happen because American companies lose market share.
It's only a concern if you need to sell during the downturn.
Hopefully the market can remain irrational longer than they can remain solvent.
That's not how it works. Stock prices don't fall below the level that rich people are willing to buy them at, specifically because rich people buy them at that level.
Or they can all be in on it and collude to buy once the stocks fall to their target.