One fuckin dude with a handle purporting to be a Bloomberg reporter lied that Trump was considering a 90-day pause on tariffs and literally it sent the entire US market into a dead cat bounce for half an hour and the only thing I can conclude is that stock traders are idiots, by and large
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https://www.youtube.com/watch?v=dBURLdhmmZ8
Also, this sort of thing happens regularly.
Shareholder capitalism is a big Ponzi scheme that will result in the end of life as we currently know it.
Bring on the apocalypse. My body is ready.
2) They’re also panicking, and even smart people do stupid things when they’re panicking
3) They’re also aware that the admin has no concept of the weight of their spokespeople’s…
4) While there could be pump-and-dump, this feels different. There was a rumor from a source hard to track down, sure. But why be that cagey and hope that the Street picks up on it?
They got lucky more than anything, and then used that position to insulate themselves from reality.