Trump won the election in part because of a backlash against consumer price inflation on Biden’s watch. Several Trump policies will make inflation much worse.
My 401k lost value significantly the week before the election, but has rebounded now. The slime balls who dominate the stock market must have been afraid that Harris would win. This country is disgusting.
I don’t understand. How would people investing more cause my value to drop? I’m admittedly very ignorant on the topic, so don’t take this question the wrong way.
My guess: The pre-election drop was probably the usual investor jitters before a major event. The rebound was from people betting that other people would throw in money after a Trump win. Does that make sense?
They know they’ll win anyway. What’s going to be interesting is when they realize being a multi millionare doesn’t qualify them as rich enough for that to be true for the level of shit hitting the fan that’s coming up.
My 401k lost value significantly the week before the election, but has rebounded now. The slime balls who dominate the stock market must have been afraid that Harris would win. This country is disgusting.
Yeah, I laughed at the “market fundamentals” when I saw that. Same for seeing how crypto reacted. JFC.
The market is based upon vibes and has been for a while now.
No, they threw in more money on the bet that everyone else would do the same. Nothing to do with liking either candidate.
I don’t understand. How would people investing more cause my value to drop? I’m admittedly very ignorant on the topic, so don’t take this question the wrong way.
My guess: The pre-election drop was probably the usual investor jitters before a major event. The rebound was from people betting that other people would throw in money after a Trump win. Does that make sense?
I don’t disagree, but a lot of that is uncertainty being resolved (for now). Most economists liked Harris.
Oh, I know. But flighty rich conservative assholes give no shits about economists
They know they’ll win anyway. What’s going to be interesting is when they realize being a multi millionare doesn’t qualify them as rich enough for that to be true for the level of shit hitting the fan that’s coming up.
It’s impressive we give so much control of our financial instruments to idiots who obviously don’t fully grasp how tariffs and protectionism work.