Wishing I’d bought more…
I bought a bunch of shares at $2.07 earlier this afternoon…
Quit the day job!
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Trump feels that creating chaos is an effective negotiating tactic. I actually think it just helps disguise the stupidity of many of his decisions.
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Uncertainty can be good for military matters. It’s terrible for economics
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Better ship those Land Rovers quick before he changes his mind again
I wish. Not making nearly enough. On the other hand Kraken Robotics has been doing great for me. I initially got in at $0.30 to $0.60. I’m up over 450% on my main holdings. I’m hoping for them to be bought out in 2-3 years…
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Posted elsewhere, but yep. Insiders were tipped.
SEC will be prohibited from investigating the Trump insiders.
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“Helps distract from his stupidity” is more like it.
Everyone assumes this so there is no longer any outrage. Sad.
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They’ve been calling for Nancy pelosi’s head for as long as I’ve been alive
Mexico and Canada still are whacked by previously announced tariffs. Bessent today said the new base 10% reciprocal tariff applies to Canada and Mexico but he was subsequently corrected by the chief trade advisor: the 10% doesn’t apply to those two countries.
What a gong show.
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Tariffs, no tariffs, i dont think it matters. I assume carney and other leaders are proceeding as if there will be ongoing irrational behavior and looking to circumvent trade with the US permanently.
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Today was the ninth largest % gain in S&P history. The rest being during the Great Depression, the 2008 GFC, and Covid. Interesting.
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What most folks don’t realize is that US trade with each of Mexico and Canada is much greater than the US trade with China. Was watching an expert being interviewed on CNN saying that China was America’s largest trading partner. Even the “experts” can’t get these basic facts rights! The problem with China is it has the biggest trade surplus with the US.
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The 2024 trade in goods among the US, Canada and Mexico was $1.6 trillion. The trade between China and the US was under $0.6 trillion. Canada and Mexico get relatively little coverage in these trade wars compared to China but the size and integrated nature of the trade relationship among these three NA countries is huge. It would be very complicated and expensive to decouple the arrangement.
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The potential that insiders were tipped to the delay announcement is completely reasonable. However, the pause was also leaked to the press a couple days ago and this morning, a couple hours before the announcement, Trump himself said that we should buy stock.
Regular people had the chance to jump in on this deal.
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So if these three countries agreed on 10% average tariffs for each country, that would generate $160 billion per annum in taxes that could be divvied up by the respective governments…..not insignificant.
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Being this erratic is probably worse than the already stupid idea to slap on the tariffs. Just slapping on some arbitrary 30% tariff would be damaging, but then we could work out what trade will look like in the aftermath.
Nobody desires more trade with an unstable, untrustworthy, and hostile nation. America is still Very Important, but less so. There’s still a lot of potential to profit in America but the world is turning toward more stable and promising prospects.
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Pretty sure “regular people” got in as it moved, at the very best, almost by definition. And give me a break with this “leaked it two days ago”. When that happened two days ago Trump himself reaffirmed that wasn’t the case.
The emperor has no clothes. He played chicken and finally blinked when the bond market started flashing that shit is getting real. There is no strategy.
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This. Its all ego,untempered by awareness.
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