US stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fears
US stocks shed $5.4tn in two days as Trump’s tariffs stoke recession fears
China’s retaliation against Washington’s levies adds to sense of gloom across global markets
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If you have cash tucked away, moments like these are a time to buy. Think of it like a Steam sale for your future pocketbook.
I picked up a few thousand shares of oil stocks in March 2020 for 50-75 cents, sold them for $12.50 in 2023 (thanks Permian Resources) and then paid off my student loans and put a down payment on a condo.
Be greedy when everyone else is fearful - Warren Buffett
That’s only true if there’s an end in sight.
Respectfully, you have to ignore centuries of history if you think there isn't, and the fact that all of this has happened in the US before and it recovered.
All it takes is patience, but it's important to remember that you only get a handful of buying opportunities in a lifetime. They don't come around often enough to ignore.
Must be nice to have money to invest for some later day when most people are trying to cover their bills today.
Of course humanity as a whole will continue. That doesn’t mean you, personally, are immune from the chaos and death that fascism brings.
You're not wrong.