Do you think Trump is purposely screwing with the stock market so he and his billionaire friends can buy stocks cheap?

Trump doesn’t understand the stock market enough to do that. If he did, he wouldn’t propose and push so many things that will kill the economy in the next six months. Buying dips and selling tops is only worthwhile when the economy is relatively stable. The Trump depression will ruin business for everyone. Musk is facing default on loans predicated on the Tesla stock price, which has lost 45% of its value since Election Day.

I used to question whether Saddam Hussein was manipulating the oil futures market. Every time oil got below $40 a barrel, Iraq would bomb someone or threaten someone, and oil would go back above $50/barrel.

He is not that smart. He also thinks he is doing the right thing for the country (or at least framing it that way).
It will whiplash on him. He will deny. He will blame it on Biden.
Wash, rinse, repeat.

@zenvelo True, but that doesn’t mean he isn’t getting advice from the real Puppet Master, Putin. For instance. Trump wants Greenland for its minerals. Not for Security. If it was about security he would be helping out Ukraine, not singing Putins praises. Bet the deal was for Putin to take Ukraine without US interfering and they would back let Trump invade Greenland. You know he wasn’t smart enough to look up that Greenland is rich in minerals we need, so we won’t need it from Canada and China. This was probably all arranged by Putin. To include making Trump richer, while destroying our economy. But of course Putin left that out.

@Forever_Free You are not wrong.

@Forever_Free I disagree. He is exactly that smart. He’s just the kind of person to use his influence to manipulate markets to enrich himself and his friends.

No, the stock market is failing because of Trump’s bluster, lack of direction, and plain incompetence. He was a shitty businessman and is horrible leader. His mind changes like the direction of the wind.

Trump does not have the strategic smarts to do the sort of damage that his incompetence is causing.

I think it’s possible.

@elbanditoroso Not so sure. The one thing the man was notorious for ,was leaving other people hold the bag. Not saying he was brilliant because everything he touches goes bankrupt before he cashes out. He’s going to do the same with the US. He creates a crisis, and then rescues it and takes in applause even though he already did some damage. Then he does it again.

Yes! I said this a couple of weeks ago. they did it during covid too. I wish I was more gutsy about playing the market. During COVID he was dropping corporate names left and right. Many were obvious like Pfizer, but there were others.

Warren Buffet put half his portafolio into cash, so that is disconcerting too, and I was afraid that might cause a run on selling, but it seems not to have caused too much damage.

Trump’s friends will be ready to buy low.