patrick.net

AD says

it seems like an extreme overreaction

Could mean great buying opportunity.

AD says

the prices already factored in Trump's tariff announcements, so it seems like an extreme overreaction

If they were factored in there won't be any stock movement, but there was. The announced tariffs were definitely higher than what every pundit was predicting for the last weeks.

Eric Holder says

AD says

the prices already factored in Trump's tariff announcements, so it seems like an extreme overreaction

If they were factored in there won't be any stock movement, but there was. The announced tariffs were definitely higher than what every pundit was predicting for the last weeks.

Theoretically yes, in a highly efficient market then it should be fully priced in

But yes, I think Trump announced new tariffs at today's conference that was a surprise to many

https://www.bloomberg.com/news/newsletters/2025-04-02/trump-reciprocal-tariffs

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Gold is north of $3150 right now. See you later stonks.

stereotomy says

Gold is north of $3150 right now. See you later stonks.

I have stocks, real estate and cash, but no gold or bitcoin. I would hate to see gold and bitcoin be something I should have bought.

stereotomy says

Gold is north of $3150 right now. See you later stonks.

Gold should go up with inflation or the threat of inflation. I suspect the gold bugs or gold traders are forecasting higher inflation (because of the tariffs, deficit spending, etc).

Birdbrain Biden's 2023 deficit was $1.65 trillion and 2024 deficit was $1.9 trillion. I am hoping the fiscal year 2025 deficit is no more than 3% greater than the 2024 deficit.

Inflation Adjusted Gold Prices Chart , note spike in gold prices during Carter admin and then gradual decline in gold prices from 1981 to 2000, which was a boom period for "growth stocks"



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There must still be a relative oversupply or glut of silver as it is way below its inflation-adjusted and all time high price set around 1980.

Silver is found at a higher rate than gold, so maybe that explains it.

Patrick says

Silver is found at a higher rate than gold, so maybe that explains it.

Hopefully for silver bugs there is a significant increase in industrial applications of silver.

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Swimming in the sea of red ink.

RWSGFY says

HeadSet says

Eric Holder says

WOW, the shit is tanking after hours.

Where? I am seeing stocks rise.

Huh? Are you sure you are looking at the after hours quotes and not the numbers at close?

And today I am down about $95k from just yesterday at close. These are long term holds, so just a paper loss as they should still pay dividends.

Anybody doing any buys?

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Yeah Amazon down 7% today. Okay, so the S&P 500's real or inflation adjusted return since October 2021 is nearly 0%.

So the wealth effect from stocks has taken a beating over the last 2 months as Trump's policies appear to impact the top 10% to 20% who own most of the stock market.

Recall the top 10% account for 50% of consumer spending.

So maybe the couple with $3 million in stocks does not splurge as much on vacation to Hawaii this year, and that lowers the price from $500 a night to $400 a night.

But what does lowering the wealth effect do to inflation as far as the working class ? How does it lower their living expenses like food, gas, and rent ?

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HeadSet says

Anybody doing any buys?

24 April 2025 is the next earnings call for GOOGL. Its P/E is lower than the S&P 500 which is remarkable given its a tech company.

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Year to Date returns

DeportLibtards says

I don't see China willingly coming to the trade negotiations table with Trump.

A lot of this is a cultural issue as China is about saving face and also just reinforcing its existing business practices which may mean require its slave workforce of its state-owned industries to work harder to compensate for the new tariffs.

Two-thirds of Apple's sales are from iPhones :-/
https://www.investopedia.com/articles/investing/022316/economics-iphone-aapl.asp

And Apple's profit margin in 2024 on iPhone sales was at least 50%.

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tariffs smariffs......pump and dump....elites and their buddies dump....then later buy the dip....have enought left over for another mansion, another yacht, and another gulfstream. And blame it on trump...all around win for them...who loses? retail investors...

komputodo says

tariffs smariffs......pump and dump....elites and their buddies dump....then later buy the dip....have enought left over for another mansion, another yacht, and another gulfstream. And blame it on trump...all around win for them...who loses? retail investors...

yeah I wonder how much insider trading is going on especially with friends of Trumps friends or those that pay to get inside info from the friends of Trump friends

and especially this as far as the stock options market

you can get serious fucked over selling covered calls on volatile stocks like Amazon even those that have DTE within 5 days

retail investors need to have the strong stomach for this and don't panic sell on blue chip stocks like AMZN, GOOGL, etc.

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Ah, Buffett was very heavily into cash lately.

It's almost like he gets inside info of what going to happen before it happens, unlike the rest of us. Just sayin.

HeadSet says

RWSGFY says

HeadSet says

Eric Holder says

WOW, the shit is tanking after hours.

Where? I am seeing stocks rise.

Huh? Are you sure you are looking at the after hours quotes and not the numbers at close?

And today I am down about $95k from just yesterday at close. These are long term holds, so just a paper loss as they should still pay dividends.

Anybody doing any buys?

Too early for that: Donnie's madness is far from being exhausted. It's fucking Afgh withdrawal all over again: take a supposedly good idea and fuck it up 7 ways till Sunday with moronic execution.

PS. Now I'm sure Potato did execute Donnie's plan to a T, LOL. He probably wanted to hang the whole thing around his neck, but it didn't work out.

AD says

yeah I wonder how much insider trading is going on especially with friends of Trumps friends or those that pay to get inside info from the friends of Trump friends

why just trumps friends...how about all the 200k salaried pol. democrats that have a net worth of 20 mil? Yeah, that doesn't fit the narrative.HeadSet says

I have stocks, real estate and cash, but no gold or bitcoin. I would hate to see gold and bitcoin be something I should have bought.

Yeah, it would be a shame if some of your friends hold gold or bitcoin and prosper. It's better if they don't. because you don't want them to get ahead if you don't.

I think it wasn't a surprise to anyone that tariffs would be imposed and that stocks would fall afterwards.

Some people took notice and made changes accordingly to their holdings, e.g. Warren Buffet.

Others are lazy and do nothing as they have done for decades, e.g. myself.

It's interesting that whenever I have to sell shares, like to pay my taxes, shit seems to have dropped; I hate that shit.

What is interesting to me is Trump is doing what no American president has had the fuckin balls to do, and the world seems to be flipping out.

It reminds me of when I didn't cough up any cash to some broad who was used to free money from me; what a reaction!

komputodo says

Yeah, it would be a shame if some of your friends hold gold or bitcoin and prosper. It's better if they don't. because you don't want them to get ahead if you don't.

I do not begrudge other's success, I am saying I would rather have made the same choices as well.

clambo says

Others are lazy and do nothing as they have done for decades, e.g. myself.

May not be just "lazy," but the idea that the drop is a short-term overreaction and prices will return.

Investing is like marriage - do it in haste, repent at leisure.

The media is going to go ape shit over the inevitable dip in stocks. What else would you expect?

Wall Street Journal: Foreigner owned, editorial policy is pro-illegal workers, pro-foreign workers.
The Wall Street Journal is anti-Trump.

Fox News: Foreign controlled.

NY Times: Carlos Slim, the world richest fat Mexican, saved them and has editorial influence.

CNBC: Liberal Wall Street shitheads talking all day about nothing.

Tip: Stocks have intrinsic value, but the stock market is an auction; thus, sometimes they get bid up quickly, but can also be bid down quickly. So what?

The S&P 500 index is up 117% over the past 5 years.

HeadSet says

And today I am down about $95k from just yesterday at close.

Look on the bright side : The 10% you will lose today (Friday) is less than the 10% you lost yesterday!

See you at zero!

I am seeing more panic selling pre-market today.

Looks like a good time for a Roth IRA conversion.

It's all Obama's fault!

RWSGFY says

It's all Obama's fault!

Who's fault is it when a person loses in a casino?

komputodo says

RWSGFY says

It's all Obama's fault!

Who's fault is it when a person loses in a casino?

What is casino in this context? Elections?

stfu says

HeadSet says

And today I am down about $95k from just yesterday at close.

Look on the bright side : The 10% you will lose today (Friday) is less than the 10% you lost yesterday!

See you at zero!

"Zero," really? Just paper loses and they will recover.

clambo says

Looks like a good time for a Roth IRA conversion.

Not a bad idea, actually.

https://palaceintrigue.substack.com/p/dont-cry-for-wall-street-tariffs

When the stock market goes up, the average American feels nothing. No wealth effect. No wage boost. No benefit. But when it crashes? Suddenly it's our problem. Suddenly we need bailouts. Socialism for the rich, capitalism for everyone else.

The stock market loves job cuts, offshoring of industry, union busting, automation, and stock buybacks over increased wages and R&D spending.

Why? Because these all boost short-term profits, which push stock prices higher. These people literally do not have the capacity to think further than 3 months ahead, and it’s been this way for nearly 50 years.

But all the things they love that make stonks go up in reality devastate the real economy — the economy where actual humans work, spend, and live.

The Fed and government have conditioned the market to expect free money every time there’s turbulence. ZIRP (zero interest rate policy), QE (quantitative easing), and the “Fed put” are all designed to protect asset prices, not people.

And every time there's a downturn, Wall Street screams: “Do something!” They don't mean create jobs. They mean: Protect my portfolio. Bail out my bag.

60% of Americans live paycheck to paycheck. Household debt is at record highs. Millennials and Gen Z are screwed on housing, retirement, and savings.

The U.S. can’t build basic infrastructure without Chinese steel and imported semiconductors. But hey — Apple’s stock is up 5%! So everything must be fine, right?

So no — when the stock market dips because of tariffs or reshoring efforts, it’s not the economy suffering. It’s the parasite getting hungry because the host is finally fighting back.

HeadSet says

"Zero," really? Just paper loses and they will recover.

Tongue in Cheek. It's how I cope.

I am also losing my ass. Also not selling; considering selling my SGOV to raise cash for the inevitable bottom.

Oldie, but goodie:



Paging SpaceX. Elon, you heard the man.