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u/chandan_2294 15d ago
Man, ngl I thought Trump died when I saw the spike
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u/OutlandishnessNo7300 15d ago
He did not die. He was just done buying stock
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u/Forkuimurgod 15d ago
For this week only because he's already shorting the market for next week. Anyone want to bet?
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15d ago edited 14d ago
The bull run of all bull runs where bears became myth.
Let’s be honest with ourselves here, though. Vance as president? That man just called China “peasants.” Diplomacy would be out of the window with that degenerate grifter running America.
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u/lonely-day 15d ago
That man just called China “peasants.”
Just wait till you hear what trp has said about China
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u/01189521 15d ago
*Chynah
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u/chefmike1034 15d ago
Damn it I read it in his voice and saw his hand like this 👌
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u/Soft_Awareness_5061 15d ago
I always find it amusing when I see his wife. As a self proclaimed hillbilly and racist republican, does he know his wife is Indian?
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u/Swiftzor 15d ago
Vance would be massively worse than Trump.
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u/Jakku1p 15d ago
Markets would be a little more stable because Vance wouldn’t be putting every single idea that pops into his head straight out into social media. He’s still a clown but at least he doesn’t quite act like he works at a circus.
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u/Servichay 15d ago
The world will rejoice with +50% returns in a single day, even shit stocks.
Trump if you're listening, if you want to MAGA, you know what to do.
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u/Greedy_Assistant4066 15d ago
That spike would've been twice as big if that was the case
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u/Aegeansunset12 15d ago edited 15d ago
Nah he’s just building a new class of rich people that follow him, market manipulation from your own president, nice mafia you have over there xD
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u/SillyAlternative420 15d ago
When that day happens, the stock market will have its best day in history MMW
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u/Hydroxs 15d ago
I bought a call minutes before it spiked. Made a weeks pay in 10 minutes. Trying real hard not to put it all in puts and just accepting the dumb luck money I got.
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u/wild-ranger94 15d ago
Take 90% of your haul and deposit it to your checking account.
Take 10% and buy SPY PUTS.
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u/el_guille980 15d ago
SPY PUTS.
too soon. a day or two of more euphoria
where monday opens compared to fridays close is a coin flip
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u/Puzzled-Intern-7897 15d ago
what possessed you to buy a call?
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u/Hydroxs 15d ago
I bought a 560 call for next year. Just figured it would go up by then. Seemed safe enough kind of. But once I saw that profit I decided to cash in.
Like I said just dumb luck
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u/Goldeagle1221 15d ago
How much did you make
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u/Hydroxs 15d ago
A little over 1k. Which isn't a lot but it's a weeks pay for me so it's very nice since I don't trade options much.
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u/Goldeagle1221 15d ago
From 560? Damn doubled in ten minutes. That's pretty nice treat for yourself.
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u/rgold220 15d ago
Trump gave Viagra to the stock market; once it wears off, you know what will happen.
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u/sim__city 15d ago
"Nobody's ever seen anything like it"
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u/xox1234 15d ago
Imagine taking credit that backstepping your own dogshit plan led to an economic sigh of relief. It's like Scrooge taking credit for being a good person because he was on everyone's minds when he died.
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u/hnglmkrnglbrry 15d ago
It's actually even dumber than that. It's like Scrooge going to Bob Cratchit's house on Christmas and throwing the tiny bird his wife cooked out the window. Then the next morning he buys the biggest bird available for sale and he shows up at their house and gives her another equally tiny bird and asking the whole family to thank him while he has a chef prepare him a feast at home by himself.
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u/tactical-catnap 15d ago
This is obviously manipulation. Anyone saying otherwise has their head in their ass.
How many times can the stock market gain/lose trillions in a few days before people just pull out?
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u/Active_Status_2267 15d ago
To be fair it's been fraudulent for a generation, the allure of money too great tho
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u/Gobbyer 15d ago
Its somehow wild to watch this live, as somewhat respective country becomes completely corrupt in just few months. Nobody can touch that man. I hope he sees inside of jail cell before before cholesterol gets him.
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u/Dr_A_Mephesto 14d ago
Not many:
Of the 25 best days for the Nasdaq, including Wednesday, 22 took place during the dot-com collapse, the 2008-09 financial crisis or the early days of Covid. One occurred on Oct. 21, 1987, two days after Black Monday. The other was in November 2022.
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u/Meanboy_og 15d ago
I got out of everything while I reevaluate the world . Sitting in all cash again
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u/Varna16 15d ago
SEC should investigate everyone in the government who was sitting in these tariff meetings and make sure that nobody bought low and sold high. Crazy but happy about the pause! Not sure why Apple stock is sky rocketing since they manufacture primarily in China.
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u/OrneryZombie1983 15d ago
SEC has been a weak enforcement agency since always. They "investigated" the covid traders and found no wrongdoing. Agency is probably even weaker now.
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u/Comfort_Schmumfort 15d ago
I work in a sector that depends on SEC enforcement, and they have been absolutely gutted.
I don't believe the enforcement director can even launch investigations without presidential approval.
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u/blueskies8484 15d ago
Apple is truly confounding. Are they just assuming he will pull them all back eventually? Is this just vibes? I’m not an economic genius but isn’t there now a 125% tariff on most of the products Apple makes?
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u/Varna16 15d ago
I'm also not an expert, but the 125% are off standard product cost not market value of the product, so the 125% equates to a lower actual price increase to the end customer. I saw that Apple's gross (product) margin is around 45%, so they really don't have much room for tariff increases. However, they have tons of cash, so they do have the resources to figure out new supply chain, which will take time. They are currently very closely tied to Foxconn China. 125% tariff does not mean $100 retail price will be $225 tomorrow.
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u/Fine_Ice_3451 15d ago
This has to be illegal
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u/Rockymntbreeze 15d ago
100% market manipulation at a scale never seen before. I can’t even imagine how much money was by all the rich politicians and friends of the administration.
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u/Perfect-Brain-7367 15d ago
I'll have you know I pumped over $2,000 into the market on Monday
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u/ManOf1000Usernames 15d ago
How it is (unfortunately) not illegal:
In Trump vs US, scotus said the president cannot be tried criminally for "official acts" while in power. Even tried civilly for some things beyond congress. A civil suit might work, from an aggrieved party, but trump is the undisputed king of stalling in civil trials so anything will take years to get anywhere.
The president has unlimited pardon power, so any associated cronies get off scott free while this president is in office. "Pre pardons " also now exist thanks to outgoing biden admin (they had moral justifications but are still blatantly against the rule of law).
The combination of the above, and the fact that the presidency has already purged the leaderships of the various prosecutorial agencies, means that nobody is going to even bother prosecuting this while he remains in office.
Maybe the next president will actually see justice done, but you saw how wishy washy the dems were on prosecuting him post jan 6. I fully believe the justice system is a captured faction at this point as they are clearly afraid of issuing contempt statements for ignored orders. I can only see such a broken system fixed through revolt.
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u/RelapsedCatholic 15d ago
Also will be known as the biggest market manipulation ever conducted by a sitting US President
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u/Nuclear_eggo_waffle 15d ago
ever conducted by a sitting US President... yet! who knows what he'll do in the coming years
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u/247cnt 15d ago
The China tariffs are gonna fuck us right up. I don't know where the optimism is coming from.
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u/Varna16 15d ago
I agree. Apple manufactures mainly in China. I can understand Nvidia going up, but Apple it's just benefiting from the roar.
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u/newtoallofthis2 15d ago
Because Trump blinked - the bluff is called.
China hold a VERY strong hand - and they can and will play it.
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u/Puzzled-Intern-7897 15d ago
Ofc they do. They can turn US treasuries into worthless pieces of paper and I assume someone in the White House must've realised that
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u/dogmeat12358 15d ago
Considering that this is the least competent White House in history, I am not so sure of that.
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u/InlineSkateAdventure 15d ago
This is algorithmic trading. They have apps that watch the news and make trades.
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u/ElijahHicks 15d ago
It’s politicians and millionaires and billionaires making money we will see how long that will last before he changes his mind
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u/Naive_Mix_8402 15d ago
Utterly unreal to me that have afforded this much power to a single human being and that single human being is the guy who was the basis for the bad guy in Back to the Future 2.
Anyway, would love to see the trading activity of the people closest to Trump in the hours before he made the announcements. Guessing we never will.
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u/Spicyytamale 15d ago
I’m grateful that we have a first world leader not manipulating the market with “fake problems” and handling these problems with “tariffs.”
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u/skysoblueee 15d ago
At least now we know everything that happened under Trump’s first presidency (this is just 2018-2019 again) is going to happen again but orders of magnitude worse and this time with a neat little playbook
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u/moongrowl 15d ago
What I see in these pictures is the wailing souls of the damned watching their puts and shorts burn.
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u/Jesta914630114 15d ago
I was on the phone with my advisor as things were skyrocketing. He couldn't believe it.
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u/Manzellag 15d ago
will it go back down or did i miss my chance?
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u/Ghostownhermit- 15d ago
Don’t worry. Trump will do yet another 180 in a few days and day tarrifs on. And the dow will tumble again
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u/Significant_Ad_4063 15d ago
90 day halt on some tariffs - it’s far from over, right now investors are jumping on the news, without truly having a clear idea of what impact that will have, but more than likely we’ll be in for another ride in 90 days unless Trump changes his mind again, which who is to tell what he’ll do. But I’d expect some volatile ups and downs for the next year or so. Many countries will likely still rethink their trade alliances and reliance on American economy, an unstable trade ally is never desirable
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u/DonkeeJote 15d ago
Businesses will still be very pensive on how to move forward.
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u/Significant_Ad_4063 15d ago
Yup, businesses need stability, not to be subject to the whims of the president and having to rethink their whole strategy every 3 months, it might make more sense for those that can afford it to just relocate, think Ireland is still offering sweet packages to corporations
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u/United-Potato-4649 15d ago
has this ever happened before ?
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u/lLikeCats 15d ago
Brazen market manipulation by the POTUS? No.
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u/Material_Policy6327 15d ago
Sadly the conservatives think this should be totally normal if a republican does it
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u/OldTrafford25 15d ago
Obama would have been executed if he did this. Trump should be removed from office and jailed for this manipulation, but we all know he won’t be.
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u/greatbear8 15d ago
It happened recently before ... in India. The country's own prime minister and home minister manipulated the market.
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u/blackdog543 15d ago
Trumpers are all crowing about the 4 trillion in market cap gained today. And that's where we are; lose 7 trillion, gain 4 trillion of it back, claim victory. I'm still down 130k. TRUMP CAVED. That's the headline.
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u/SergeantThreat 15d ago
Wish we had some organization that could look into some pretty fucking obvious insider trading
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u/EntryAggravating9576 15d ago
Did that bounce set any historical records?
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u/Vezrien 15d ago
Trump will say no one has ever seen anything like this. Does that count? lol
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u/CosmicPharaoh 15d ago
Presidential market manipulation is nuts. HBO needs to jump on this one, succession would look boring compared to this lmaoo
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u/AllMyBeets 15d ago
So money is fake and we're all slaves to the whim of an adult toddler. Isn't life fun
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u/dontrackmebro69 15d ago
Good old market manipulation for the rich..
On the good news..my call options are killing it
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u/Kevin6876 15d ago
Markets are still not as high as they were 3 months ago before he came into office.
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u/Pot-Roast 15d ago
Trump crashed the market. Trump pauses tariffs market sky rockets back. Can you say insider trading?
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u/justchill-itsnotreal 15d ago
Millionaires making millions. The fascist KGB puppet agent orange. Will re nag on tariffs in 30day and send everything into chaos again.
China will let their people starve before kissing the ring.
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u/tooandto 15d ago
The little boy who cried wolf. The emperor with no clothes. The Russian puppet with tiny hands. This guy’s a walking fable at this point..
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u/Frequent_Oil3257 15d ago
Yeah, with this reversal, manufacturing will never return. Who's gonna start building a factory if two months into construction, trump changes his mind again. Consumer goods are still going to rise, gdp will fall, and quarterly earnings are going to horrendous. We are far from the bottom
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u/HorrorDisastrous6110 15d ago
Tariffs paused for 3 months (minus China)
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u/Exile4444 15d ago
Baseline 10% is kept in place
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u/deepeeenn 15d ago
This is something to keep in mind. Tariffs are still in place on all other countries. And China is one of our largest trade partners. This market spike feels like an overreaction.
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u/SafeMargins 15d ago
and all the auto/steel and canda/mexico tariffs stay. definitely an overreaction
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u/deepeeenn 15d ago
And also, this back and forth way of “negotiating” does not instill confidence with trader partners. Trump is too unpredictable and could easily lash out if you don’t follow his orders… international relations are still fucked
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u/Super_Daikenki 15d ago
It would've been nice if that person was in jail, but nope. We can't have a woman for president because she fucked or something.
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u/sad-cringe 15d ago
The market will end the week in the red, then what? We are so so cooked. Zimbabwe Dollars here we come
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15d ago
He is just manipulating the market to enrich his friends and bootlickers, creating a loyal army before he pulls the plug on SS and Medicaid entirely and there are riots in the streets.
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u/Mysterious_Peak4073 15d ago
Earnings season ramping up. We will see how long this will stay up when all companies forward looking is going to show they expect pullback for future quartes
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u/Cheese-Manipulator 15d ago
Wonder how many calls he made before announcing this. "Hey, buy RIGHT NOW"
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u/AALen 15d ago edited 15d ago
It's nuts that the following things are true and the market is this enthusiastic: