Stocks dropped as the selling pressures that dragged Wall Street last week persisted, while investors braced for a slew of economic data reports this week.
  • orbitz@lemmy.ca
    4·
    2 hours ago

    My GIC came due and I was considering mutual funds, the bank employee (in those services not like a random one) even said now may not be the best time to do that due to the way markets are in flux. Like they make money if I put it into mutual funds. Unless she just didn’t want to help me shrug that’s sort of a possibility since they didn’t call for our previous appointment when my last one was due. Least it’s making more than my bank account I guess but this seems a bit more down than usual too, mean that’s usually a good time to buy but who knows when they manipulate it up? Not us regular folk, who have more to lose when they absolutely tank it before it makes gains and a pittance because I chose the wrong one.

    Also I’m sure I made the incorrect choice, you’re welcome to tell me how badly I’ve chosen. I used to play RPG games, in D&D I rolled a 1 for attack and 20 for ability check twice in 4 rolls, I always have the worst luck. Go to slots and see my buddy with a bucket of coins when mine ran out in as many tries as my coinage allowed. So if I chose to buy the markets would suck longer lol.

  • Bruncvik@lemmy.world
    4·
    2 hours ago

    From the article:

    “We see some irony in the recent outperformance by foreign markets over the U.S. markets. In our view, foreign companies in Europe, Asia, and Latin America are likely to suffer even more from deployment of tariffs than companies in the U.S.”

    I think they are overestimating the amount of trade flowing into the US. Tariffs will directly impacg US companies and customers, but they’ll also decrease the demand for foreign products. That will cause a challenge, if not outright recession worldwide, but I still think that foreign companies would be able to mitigate the drop in demand from the US better than US companies coping with supply shortages and higher prices.

  • formulaBonk@lemm.eeEnglish
    43·
    4 hours ago

    Everyone here mentioning billionaires and missing the point that the Russian agent in charge is just doing his best to deliver any and all assets to Russia. Sanctions getting lifted just as the fire sale on American assets begins right before the civil unrest. If you’re a Russian dictator you could not have planned it better. Republicans are seriously the dumbest mother/sister fuckers on the planet. I can’t even believe how fucking stupid you’d have to be to hold “conservative views”. Like it does not compute how you can be that dumb

    • Revan343@lemmy.ca
      5·
      2 hours ago

      Like it does not compute how you can be that dumb

      Easy, lack of education (or even actively detrimental ‘education’), courtesy of decades of Republican sabotage of the education system

  • ofcourse@lemmy.ml
    4·
    3 hours ago

    Recent recessions have shown that the top 1% get richer after the recession. It makes sense when you think about the super rich having the cash to invest is now much cheaper stocks and property while everyone else is struggling to make ends meet.

    So I wonder how much the Nazi and the monkey want to avoid a recession. The monkey does not have to worry about reelection and the Nazi is a psychopath.

  • Tezzerets_Tea_Time@lemmy.world
    411·
    5 hours ago

    This is intentional. The billionaires are salivating waiting in the wings to buy up as much as possible when the prices are low.

  • Dagwood222@lemm.ee
    571·
    6 hours ago

    I think he’s doing this deliberately. Encourage people to sell, so his buddies can scoop up stocks at low prices.

    • stopdropandprole@lemmy.world
      3·
      2 hours ago

      it’s so much more than stocks. stocks are mostly vibes and short term get rich schemes for already wealthy people. they’re Pokemon cards for the finance class, creating almost nothing tangibly beneficial to society. hype and FUD in an endless cycle.

      you can’t eat stocks. you can’t warm your house with stocks. you can’t manufacture solar panels with stocks.

      real wealth, the serious fuck you Big Money, depends on the ownership and distribution of real resources: real estate, agricultural land, factories, pipelines, commerical buildings, capital infrastructure. these are what the ultra wealthy buy up during recessions and then charge rents and leases for everyone else to pay, forever. forget about owning land or a home, your kids can’t compete with someone paying cash on a 600k house or snatching up entire portfolios of hundreds of rentals in a single purchase.

      bailouts and blank checks given out as PPP loans to “business owners” during Covid redistributed wealth from the taxpayers (government) into the hands of the wealthiest people in the world. they can then convert their Pokemon collections into real wealth generating resources. government bailouts to corporations become an engine for not just making the rich richer but the types of assets they then acquire using that money cements them at the top of the wealth generation food chain forever.

      Trump 2.0 is engineering another massive redistribution, even bigger and more focused on real estate than before. he made his fake reputation on real estate. loyalist oligarchs who bank rolled dark maga will be handsomely rewarded with the newly emptied government office buildings and public lands.

      and your kids and grandkids will be homeless.

    • Magister@lemmy.world
      172·
      5 hours ago

      yup, I’d buy apple or microsoft or nvidia because they are going down now but will go up certainly in 1 or 2 days or even weeks/months. Except tesla, this one will go down and down and down for days/weeks/months, tesla stock is super toxic, dump all of it.

      • sp3ctr4l@lemmy.zipEnglish
        2·
        57 minutes ago

        This is going to be the second Great Depression.

        It is going to impact the entire world.

        Notable differences from the last Great Depression:

        Many countries have many nuclear weapons.

        Something like 6 billion more people exist.

        Climate change is accelerating, and this will make food more expensive everywhere, as opposed to a regionalized Dust Bowl, as well as causing more frequent and more severe natural disasters basically everywhere… and the more time passes, the more expensive it will be to mitigate this.

        Perhaps also worth noting:

        Japan argued the US’s oil embargo on it as functionally a declaration of economic war.

        History is replete with examples of embargoes and massive tariffs being considered a justification for escalating a trade war… to an actual war.

  • cygnus@lemmy.ca
    171·
    6 hours ago

    “Small price to pay to own the libs!” the faithful cry as they slowly eat their daily ration (one egg and a slice of wonder bread)

    • maplebar@lemmy.world
      2·
      3 hours ago

      I sold all of my stocks a couple weeks back and I’m feeling pretty fucking good about that right now.

      • Ms. ArmoredThirteen@lemmy.zipEnglish
        1·
        1 hour ago

        My employee stock purchase plan went through recently. I missed selling before the dip caused by all the other employees selling. Normally I will ride it out for a bit and the stock jumps back up but this time I had a sense it was going to just keep dropping. I waited a couple hours for it to partially rebound and managed to time it perfectly, it’s only been downhill since I sold lol

        • maplebar@lemmy.world
          1·
          60 minutes ago

          To be totally honest, this isn’t about stock market gamesmanship to me–I’m not trying to buy the dip over the next few days. (If anything I’m waiting for the AI bubble, which I personally believe is bigger than the .com bubble, to blow the fuck up.)

          Between incompetent idiots and assholes running everything, ridiculously inflated stock prices, meme stocks and market manipulation, on-again-off-again trade war bullshit, and the AI bubble, I’m happy to have my money out of the market. I have zero faith in the people who are running our economy to do anything worth investing in, and I’ll be perfectly happy to find alternative means of investing over the next 2-4 years.

          Frankly, I’m sick of putting almost my entire life savings in the hands of corporations and the delusional k-holed fucknuts like Musk who run them. It’s a bonus that I’m no longer the shameful owner of bullshit ETFs and company shares that serve only to enrich and empower the richest corporate oligarchs.

          I’ve lived through multiple crashes already, maybe I’ll hop back into the stock market during the next one, or maybe not because fuck this whole system.

      • empireOfLove2@lemmy.dbzer0.comEnglish
        7·
        6 hours ago

        That’s why I said “for now”. I was mulling buying in after the election when corporate interests were riding high on a “pro business” President. But I didn’t. Now I have that cash free to buy in when we hit the bottom of the slump, if there is a bottom…