Black Monday

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KeratinPearls

KeratinPearls

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What are y’all doing to weather this storm. I see some billionaires (Ackman, Dimon) saying this is a major policy error.

Buy the fear?
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I'm buying property to rent out. Of course I still have money in market, but lately I'm trying to make it such that I could easily live off my property's rent without taking a hit to my lifestyle (which is low maintenance anyways) should anything drastic happen.
 
I'm 15+ years from retirement, so this means nothing to me so far, but it really sucks for those close to or recently retired. Although, even if everything gets reversed in 4 years you have to wonder if this is going to cause long-term damage to US economic supremacy. Both mainstream R and D had broadly consistent economic and foreign policy since WW2. That's out the window now and other countries are not going to just sit back and let the US drive the bus off the cliff without at least checking the emergency exits.
 
There is A LOT of uncertainty. While I feel that the market overreacted, I can't help feel that the Market is STILL extremely overvalued. That said, my feelings mean nothing. You are seeing a little bit of a bump in prices today but some of that was over-hyped news that some media outlets received about pull back on Tariffs. You might see a little bit of a rally, but things can come running the in opposite direction just as fast. The only thing I am doing is buying stocks that I personally think will do well no matter what short-term blips we're trying to navigate through. I fully expect that some of these more recent buys may end up going even lower, but long term outlook I am betting they will go up (as has been the case for last twenty years).
 
Similar sentiment. I've felt for a while everything is insanely over valued, PE ratios nonsensical...something had to give. Albeit this is a self inflicted "correction" and it will likely ironically hurt the people who put the orange man in office in the first place, but I'm 15 yrs from retirement as well so just trucking along as usual. I'm nearly 100% stocks, very aggressive, so getting destroyed but I expect things to bounce back at some point in the next few years.
Likewise feel sorry for folks close to retirement, but anyone <5 or 6 yrs should have much less exposure to the volatility of stocks...I think the people 5-10 yrs out are going to feel it more.
 
It’s a grift and scumbags like Bill Ackman are going to take full advantage in screwing people over to consolidate wealth. Shore up your emergency fund and buy the dip; just make sure what you’re buying is the actual dip.
 
Only buys I've made in the last few weeks was electronics and a new wardrobe, just in case those tariffs weren't going to go away.

Took profits on crypto and crypto-related stocks (Coinbase) earlier in the year, and currently sitting on a pretty sizeable cash pile. In no rush to dive in -- although the VIX is ~50, true still panic hasn't hit yet, and I question whether the blind dip-buying that was the play from 2010-2020 is going to work in the current geopolitical landscape. People don't seem to fully appreciate either the amount of financial pain the nation of China is willing (and capable) of enduring, or Trump's intransigence. He can (will?) stay irrational longer than most can stay solvent. I also don't mind missing the bottom and deploying capital during the recovery. There's enough leveraged ETF and option strategies out there that will outperform vanilla indexing once the market trends upwards again.
 
Adrian Cocot said:
Only buys I've made in the last few weeks was electronics and a new wardrobe, just in case those tariffs weren't going to go away.

Took profits on crypto and crypto-related stocks (Coinbase) earlier in the year, and currently sitting on a pretty sizeable cash pile. In no rush to dive in -- although the VIX is ~50, true still panic hasn't hit yet, and I question whether the blind dip-buying that was the play from 2010-2020 is going to work in the current geopolitical landscape. People don't seem to fully appreciate either the amount of financial pain the nation of China is willing (and capable) of enduring, or Trump's intransigence. He can (will?) stay irrational longer than most can stay solvent. I also don't mind missing the bottom and deploying capital during the recovery. There's enough leveraged ETF and option strategies out there that will outperform vanilla indexing once the market trends upwards again.
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LMAOOOO, the man must love how a single tweet of his can move trillions in the market.
 
Adrian Cocot said:
LMAOOOO, the man must love how a single tweet of his can move trillions in
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I guess just listen to Trump…
He tweets buy in the AM several hours later pauses the tariffs.

If you’d bought this AM youre up big today.

For long term Investors - this turmoil is creating great opportunities to buy / add to your holdings. If your nervous buy and immediately sell out of the money covered calls against your shares
 
Be very careful. At age 73 I have seen this a couple times before. During the.com era from the late 90s up to about 2001 similar wild swings occurred in the midst of an overall “falling knife“.
 
KeratinPearls said:
Anyone see the video of Trump bragging his friends made billions off the stock market chaos?

Call volume spiked right before the pause in tariffs was announced. Biggest act of corruption in stock market history?
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Clearly corrupt. And I was so surprised I think I may have had a PVC.
 
Of course it's insider trading -- what did anyone expect? The man started his second term by extracting nine figures from the crypto markets with the scam launches of the Trump and Melania memecoins. He has a habit of pardoning financial criminals (Milken, Hayes, Kushner, the Nikola guy). This is par for the course.
 
Adrian Cocot said:
Of course it's insider trading -- what did anyone expect? The man started his second term by extracting nine figures from the crypto markets with the scam launches of the Trump and Melania memecoins. He has a habit of pardoning financial criminals (Milken, Hayes, Kushner, the Nikola guy). This is par for the course.
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Every single politician engages in insider trading. You can easily follow ANY politician and look at their required disclosures they have to submit whenever they purchase securities. Also, anyone who spends USD on a meme coin pretty much deserves to get fleeced. Hawk Tuah meme coin to the moon, right? I don't want to turn this into a political discussion, but both sides of the isle are all apart of the same hypocrisy. If you're going to **** on Trump, don't forget to leave out Nancy Pelosi and company.
 
cmz said:
Every single politician engages in insider trading. You can easily follow ANY politician and look at their required disclosures they have to submit whenever they purchase securities. Also, anyone who spends USD on a meme coin pretty much deserves to get fleeced. Hawk Tuah meme coin to the moon, right? I don't want to turn this into a political discussion, but both sides of the isle are all apart of the same hypocrisy. If you're going to **** on Trump, don't forget to leave out Nancy Pelosi and company.
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Yup Nancy Pelosi is equally corrupt. A politician who has a salary of what 200 K or so but has amassed 200 plus million with nice options trades.

Marjorie Taylor Greene just bought like 1.6M dollars worth of stock on the dip last week. It’s ugly. Both parties are corrupt.
 
Corruption is rampant, and they all insider trade--it's disgusting--but the meme coin thing is next level unscrupulousness. Not sure how it's even legal. Disgraceful.
 
It's no secret that politicians have been -- unethically, if not illegally -- leveraging privileged information they obtain through their office to make trades that benefit them personally. And I don't think there's anyone -- other than a couple of hundred people on Capitol Hill -- who thinks this should continue.

But:

Nancy made some 300M over a career spanning 30+ years using financial instruments that were freely available.

Trump made half of that OVER A WEEKEND with back-to-back orchestrated pump and dump schemes.

Nancy may have been the OG, but Trump is taking the grift to new heights, running the nation-state equivalent of a paid Telegram group, while kneecapping all the watchdog/regulatory agencies that could prevent it. Equating those two without taking into account the degree of severity is ill advised.
 
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Trump ran a scam charity for kids with cancer, so the writing’s been on the wall for a long time now.
 
Well, if the market continues to take a huge dump and we have what seems forward momentum towards an irreversible course of doom and gloom, I fully expect the Government to print a lot of money -- Covid-style. We will just continue to kick the can down the road and hope for "the best."
 
Trump tweets that the top 200+ holders of his memecoin get access to an exclusive dinner with him. (read: give me money for access)

Price goes up 60% in an hour.

In three days, vested tokens -- owned by the "team" -- will begin unlocking to the tune of $4M per day.

All while Richard Heart, the Hex/Pulsechain scammer subject to an Interpol red notice, gets let off the hook by the SEC.

The grift is now being openly flaunted. bUt NAncY iS juSt aS BaD. smdh.
 
This is bad, but it is no worse than the coups, assassinations, staged wars, etc. that I have seen since the 50s. If it ain’t gonna change folks.
 
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