Ok, here is the thing…while the markets were up under Biden, the outcry was that it doesn’t affect those without 401ks (most of the MAGA base) what makes you all think this situation matters to them now? They are calling this ‘winning’! Not saying they wont feel the pain that is coming but not today
You know who DOES feel this pain and fear today? Mainstream MAGA donors. Midsize biz owners, dentists, doctors, corporate consultants, think-tank CFOs. They want lower taxes and relief from OSHA, EPA, SEC, FTC. They're getting, instead, a wholesale destruction of their wealth. They'll notice.
And if you have billions to your name, it's almost time to go on a stock shopping spree and buy up significant portions of companies that will make you even more obscenely wealthy when there's a new administration & the market skyrockets.
Only if you want to destroy the nation that rejected you in 2020 and barely elected you in 2024 as sweet, sweet revenge. So I guess the answer to your question is "Yes".
Should’ve done this a long time ago. Companies haven’t traded on fundamentals in a long time. It’s all been animal spirits, or “irrational exuberance.” Market had a chance to reset in 2020 but it was artificially boosted by congress since they and their donors have the most to lose.
Comments
trump did this
trump did this
And all the Republicans in Congress and in his cabinet
trump
No such luck....
See the connection...
Someone must have unilaterally introduced a boneheaded economic policy or something.
aka "Bloody Wednesday": Bears Rejoice, Bulls Mourn.