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#nasdaq

4 posts2 participants0 posts today
Continued thread
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⚯ Michel de Cryptadamus ⚯

4/ we already know that trump thinks nothing of abusing presidential powers in exchange for cash because he just pardoned a bunch of his donors (e.g. Nikola Motors scammer Trevor Milton) and dropped charges against all his new crypto biz partners (e.g. Justin Sun, a16z).

enriching his supporters w/insider trading opportunities is the same kind of mafia style "repayment"

perhaps trump’s donors were so loud in his ear complaining about all the money they just lost that trump decided to shut them up w/an opportunity to profit on history's largest (not an exaggeration!) insider trading opportunity.

or consider a scenario where #TeslaTakedown has put #ElonMusk financially on the ropes and badly in need of cash. does trump strike you as someone who wouldn't help a fellow grifter out if doing so only cost him some well timed tweets & market chaos?

headline about trevor milton pardon
#trump#uspol#stockmarket
Continued thread
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⚯ Michel de Cryptadamus ⚯

3/ what’s different about this rally as compared to previous bear market rallies is that price moves right now are being driven *entirely* based on the moment to moment proclamations of a mad orange king drunk with power.

trump can easily (and IMHO just did) use this power to xfer massive amounts of retail suckers' money into the hands of Trump donors/friends/insiders etc. w/just a few steps.

[11am] privately inform donors you'll be announcing the cancellation of tariffs at 3pm

[11:01am] donors buy stonks

[2pm] tweet "GREAT TIME TO BUY", transforming donor trades from "insider trading crimes" to "trades based on public information"

[2:01pm] retail MAGA apes & other trump team members (republican congress, officials, etc) "buy the dip"

[3pm] suspend tariffs

[3:01pm] whole world apes in, mkt goes 🚀🌖, insiders' profit massively from their trades.

x.com/unusual_whales/status/19

@realDonaldTrump "THIS IS A GREAT TIME TO BUY!!! DJT"
screenshot of tweet
#corruption#uspol#Nasdaq
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⚯ Michel de Cryptadamus ⚯

#MAGA bros are crowing about the 2nd highest single day Nasdaq stock market gains in history. It's worth remembering that:

1. the 1st, 4th, 7th, 8th, and 10th largest single day Nasdaq gains came during the dotcom crash.

2. the 3rd and 5th largest single day gains came in the middle of the 2008 financial crisis.

3. the 6th and 8th (tied) largest gains came during the covid panic in 2020

In other words all 10 of the highest gaining days in Nasdaq history, with the possible exception of today which is still TBD, came during major long term market crashes.

Massive market moves like this are in no way a sign that markets are healthy and performing their societal function. In fact quite the opposite - massive moves up are historically almost always a symptom of the disease of speculative mania refusing to accept reality (“buy the dip!!!!”).

screenshot of https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Nasdaq_Composite
#uspol#recession#stockmarket
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Gina Intheburg 🇺🇦 🌻 🥥🌴

Yikes.

#Dow
#NASDAQ
etc...

A long time ago, some finance wiz on a news show said the best time to check the stock market was after 1pm, when everyone had been out to lunch, discussed the pros and cons with their peers & had come back to the office and began trading.

This is the real.

Graph of the Fire Jones Industrial average today at 1:28pm showing the market down by 1,345.34 points, or 3.19%.
Screenshot of comparison of other stock markets showing steep declines similar to the Dow: -S&P 500 - down 3.94% at 5,447.48 -NASDAQ down 5.06% at 16.709.79 -Russell 2000 Index down 5.61% at 1,930.59 -NYSE composite down 3.01% at 18,945.08
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Gina Intheburg 🇺🇦 🌻 🥥🌴

Investors flee U.S. stocks as Trump's tariff plan shocks global markets

S&P 500 futures, which indicate where it will likely open on Thursday, plunged 3.5%. #Nasdaq 100 futures sold off by more than 4.3%, and #Dow futures slid about 1,000 points or 2.3%.

#TrumpTariffs

nbcnews.com/business/markets/i

NBC News · Investors flee U.S. stocks as markets react sharply to Trump's tariff planBy Steve Kopack
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R. Scott Pert

Stocks plunge as Trump's 'Liberation Day' tariffs loom

> #US #stocks plunged in early trading on Monday ahead of the expected introduction of President #DonaldTrump's sweeping #tariffs on Wednesday, measures the president said will impact "all countries."

> The Dow Jones Industrial Average fell 315 points, or 0.75%, while the S&P 500 declined 1.1% on Monday morning. The tech-heavy #Nasdaq plunged 1.75%. abcnews.go.com/Business/market #MAGA

ABC News · Stocks plunge as Trump's 'Liberation Day' tariffs loomBy David Brennan
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