patrick.net

AmericanKulak says

MolotovCocktail says

Insane. Twice the median income for a work truck.

Anything with Platinum in the name is not a work truck.

RWSGFY says

AmericanKulak says

MolotovCocktail says

Insane. Twice the median income for a work truck.

Anything with Platinum in the name is not a work truck.

Not really a work truck either if you do actual work. That's a small penis truck and a nice infotainment system with heated seats and steering wheel. Have fun paying $50k over the real value.

About half of the people own a retirement account; less than half pay Federal Income Tax.

They will benefit from tariffs and other measures to help American workers.

What the stock market does each day only matters to the talking shitheads on MSNBC, CNBC, CNN, etc.

Deporting foreign workers helps American workers of course.

I'm surprised how astute Trump is on these matters.

Stonks up today ~1.5%. Wall Street will survive just as it did in the era of Zenith and Sears.

A negative skew suggests that the market is expecting a downward price movement.

Keep an eye on GOOGL until expiration this Friday's closing.

AmericanKulak says

Stonks up today ~1.5%.

This did not age well.

What was the point of negotiating tariffs out in the open again? Why this shitstorm in the US stonk market was necessary?

clambo says

About half of the people own a retirement account; less than half pay Federal Income Tax.

They will benefit from tariffs and other measures to help American workers.

What the stock market does each day only matters to the talking shitheads on MSNBC, CNBC, CNN, etc.

Deporting foreign workers helps American workers of course.

I'm surprised how astute Trump is on these matters.

Top 10% of American households own 93% of the stock market according to a recent Yahoo Finance article.

I agree as far as why Trump does not care as the top 10% don't mind paying $6 for a dozen eggs or $4 a gallon at the gas pump, nor do they have to have roommates in order to afford rent.

Also I surmise at best 40% of the top 10% of households voted for Trump. The top 10% represent everyone from the over-educated smug hipsters and soyboys (including working as GS 14's/GS-15's at EPA, State Dept, DOJ, etc) to the Soros and Bezos crowd.

It will be interesting to see how inflation fares, but Bloomberg TV was promoting fear last night when it had one headline that said stagflation is very likely.

https://www.cbsnews.com/news/trump-tax-cuts-tariffs-top-50-percent-own-almost-all-wealth/

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Eric Holder says

What was the point of negotiating tariffs out in the open again? Why this shitstorm in the US stonk market was necessary?

Who is making $$$ from this volatility ?

One thing for sure is to follow who is buying short duration or weekly calls

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The $30K to $50K likely don't own stocks or very little. They are the ones who struggle to pay rent and buy eggs and gas.

From today's Yahoo Finance as JP Morgan cut 12 month forecasts for 25 internet-related stocks

The bank reduced its price target on Meta to $610 from $725 while it cut its price target on AMZN to $220 from $270.

JPMorgan lowered its price target on Alphabet to $180 from $220, while cutting its price target on NFLX to $1,025 from $1,150.

AD says

Who is making $$$ from this volatility ?

Slutnick.

Right now the S&P 500 futures is down 2% to 4900. That is 20.3% below the all time high for the S&P 500, hence the start of a bear market.

I think it dropped 20% in October 2022 but the media downplayed as well as claimed we were not in a recession during Birdbrain Biden's administration; it and dropped about 35% in April 2020, 57% in 2009, and 58% in 2002.

Do you Pat net members think the S&P 500 will close at or below 4900 this week ?

Eric Holder says

AD says

Who is making $$$ from this volatility ?

Slutnick.

And MTG was caught with a hand in the cookie jar.

Misc says

The people who were on margin and forced to sell are generally the big losers.

EXACTLY

komputodo says

Misc says

The people who were on margin and forced to sell are generally the big losers.

EXACTLY

Margin is da devil.

But stagflation/recession is not fun regadless. Even for these 38% of poor devils who don't even own any stonks. And I continue to argue that the whole Orange Monday was stupid, unnecessary and self inflicted. We could've gradually rolled out protectionists measures over a year or two w/o drama, inflation and S/R/D words entering the conversation. And the risk of blue wave in the midterms.

And "divide and conquer" usually yields better results than "fight everybody everywhere at the same time".

RWSGFY says

We could've gradually rolled out protectionists measures over a year or two w/o drama

Trump is playing like he has to rush these in because there is not enough time left.

Perhaps Trump wants to solidify these changes this years so by 2029 that they would be almost impossible to undo if a Democrat is in the White House.

But I think Biden kept Trump's tariffs on China.

I think China has protectionist ways that hurt America exporters to China. I wish Trump or at least his Treasurer and Commerce Secretaries state them publicly.

.

Eric Holder says

AD says

Who is making $$$ from this volatility ?

Slutnick.

Rigged and collusion going on

I saw 2 days ago those very high premiums for AMZN and GOOGL calls that expire this week and am not surprised they popped today

I doubt this rally will sustain as its the hedge funds making the gains, and doubt Warren Buffett bought in

Eric Holder says

Why this shitstorm in the US stonk market was necessary?

how else are the 1%ers going do another wealth transfer from the suckers?

"I told you not to be a PANICAN and to HODL" - Trump

"ReeEEEEeee, I sold! I'm going to perish!" - Whingey RINO Investors

wth!!! everything up like we found gold or something

FortwayeAsFuckJoeBiden says

wth!!! everything up like we found gold or something

what do you all forecast for tomorrow and Friday ?

so if AMZN and GOOGL went up 10% each, will the drop a few percentage between Thursday open and Friday close as traders and hedge funds cash out their gains ?

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Looks like today's close for the S&P 500 will finish in the top 20

https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_S%26P_500_Index

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trumps tariffs drive the markets down...(lots of hand wringing and panic)
trumps tariffs drive the markets up (silence)

Every finance bro today looks like the panican follower-retard they are

I just checked Yahoo Finance main page and futures right now

S&P 500: - 0.7%
Nasdaq: -1.48%
Gold: +1.97%

Bitcoin is cooling off now also.

AMZN was up almost 12% today and I wonder if it will cool off by this Friday's closing. GOOGL also was up about 10% today.

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AD says

RWSGFY says

We could've gradually rolled out protectionists measures over a year or two w/o drama

you mean the drama created by the media to defame trump?

AD says

RWSGFY says

We could've gradually rolled out protectionists measures over a year or two w/o drama

you mean the drama created by the media to defame trump?AmericanKulak says

Every finance bro today looks like the panican follower-retard they are

probably because they are retards and also the people who can't think for themselves and listen to them

On the one hand, maybe Trump bowed to the pressure from panicked stockholders.

On the other, he made his point well enough: other countries can find their access to the US cut off at any time and should start producing here.

Similar to how we found out during the scamdemic that we should not have outsourced all our antibiotic production to China because the Chinese can cut it off at any time.

That's what I like to see a strong sense of conviction. - giggle

komputodo says

AD says

RWSGFY says

We could've gradually rolled out protectionists measures over a year or two w/o drama

you mean the drama created by the media to defame trump?

Yes all the drama no matter who created it. That's the beauty of proper diplomacy and closed-door negotiations: your enemies don't get the chance to create drama, don't get a chance to consolidate positions, etc., etc. Basic stuff really.

As it stands now Donnie was forced to climb down by all the drama in the markets and in the Congress, that's a fact.

RWSGFY says

That's the beauty of proper diplomacy and closed-door negotiations: your enemies don't get the chance to create drama, don't get a chance to consolidate positions, etc., etc. Basic stuff really.

As it stands now Donnie was forced to climb down by all the drama in the markets and in the Congress, that's a fact.

the media doesn't need facts to create drama...They just make it up as they go...closed doors or not.. Now the new narrative...Trump was forced by the media and congress to do something.. And you call it a fact because they said so.

Patrick says

On the other, he made his point well enough: other countries can find their access to the US cut off at any time and should start producing here.

Yes.. that's how winners negotiate... You don't actually have to do anything. Just the thought that you might do something in many cases is enough. Trump doesn't bow.

Some questions I have. Why did the Trump threat of tariffs cause a massive sell of of equities like the MSM says? There are lots of stockholders on Patnet. When you first heard of Trumps threat of tariffs, did you guys immediately dump your stocks? And if so, are you glad now that you did?

komputodo says

RWSGFY says

That's the beauty of proper diplomacy and closed-door negotiations: your enemies don't get the chance to create drama, don't get a chance to consolidate positions, etc., etc. Basic stuff really.

As it stands now Donnie was forced to climb down by all the drama in the markets and in the Congress, that's a fact.

the media doesn't need facts to create drama...They just make it up as they go...closed doors or not..

I disagree: one thing is to run around and scream that the sky is falling while nothing is happening and another is to do the same while market is cratering and senators are raging in hearings.

And I find the idea that one needs to crash his own markets in order to get the counterparty's attention slightly retarded. It does not make one's position stronger.

There were many who thought that the stock market was "overvalued" , a "bubble." They had been predicting a "crash" for many months previous to Trump announcing tariffs.

So, maybe the tariffs were the pin which popped this "bubble".

My investments are largely mutual funds which I don't sell. I own a lot of shares of Apple stock, but I would not sell them either.

There are those who sell after a big gain, and later buy in when things are low; I don't know who they are but they probably do this for a living somewhere.

RWSGFY says

And I find the idea that one needs to crash his own markets in order to get the counterparty's attention slightly retarded. It does not make one's position stronger.

So you still think Trump crashed the markets? Not the market makers with help from the media for another trillion dollar wealth transfer from the suckers?
If people weren't glued to their screens 24/7 and out of contact for the last week, they wouldn't even know that anything happened in the markets and saved themselves a lot of hand wringing and panic.
And as far as making his position stronger, the media were all on the bandwagon blaming it on trump but now that it's back to normal, have you heard anything positive from the media about Trump?

Yes, I think that the unforced error with using stupid formula and plugging wrong values into it instead of following the 2025 plan on reciprocal tariffs did crash the markets.

That botched rollout is indefensible and didn't add anything positive to the process, but lots of negative

My opinion, fuck media.