Dow drops 1,200 as US stock market leads a worldwide sell-off following Trump's tariff shock

On one side, this is awesome because companies should tend to the needs of their customers instead of investors.

On the other, fuck my retirement fund

Do you think Trump, Musk and their oligarch insider friends maybe, just maybe, opened short positions on a bunch of stock ahead of the new tariff announcement?

Screen of the WSJ on mobile. For posterity.

I was considering trying to cash out my 401k and ira in the US (I bought my first house and I think that's one of the allowed cases), but hadn't worked out the details yet. Guess that's not happening right now. I no longer live in the US and will probably renounce citizenship once my parents go.

I looked at my other investments this morning based on this post and.... Lol. Granted, I only one a handful, but it still hurts. My stock that was worth only like 40 cents moved up 5+% so yay for that, I guess.

My 401k today is $520 less than what it was Jan 21st. I put in almost $600 every 2 weeks.

That's a good chunk of change that just disappeared. I can only imagine how much someone with a bigger retirement account than I have is hurting.

And yet people still felt the need to vote for him

I'll never understand this country....

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

Time for the rich to buy stocks on discount.

They voted for this. We all have to be onboard for the crash.

Hahahaha... Fuck.

Old stock trader wisdom: don't catch a falling knife.

You don't know how low things can go. We're merely 100 days into the Trump presidency.

Dow drops 1200... so far.

So much winning

This is what Trump wants. He wants the market to drop and/or a recession. Why? To force the Fed to drop rates back to essentially zero. Once that happens, expect a blistering turnaround in the market. Everyone and their great aunt will be borrowing money at ultra low interest to buy stocks. The stock market will explode, maybe crypto, too. Inflation will skyrocket. It will be nuts.

*Trading partner tariff rate is calculated by the White House to include "currency manipulation and trade barriers."

This needs to be way fucking bigger than a tiny light grey caption under the image, AP. "Trading partner tariff rate is pulled directly out of the administration's collective rear end"

1500!!!

We've probably been in a recession now for awhile. We won't know officially until I'll maybe, November? Figuring it usually takes 7 months for data to catch up and and a official recession needs to be 2 consecutive quarters of lost growth.

Maybe whatever civilization replaces the US will learn from our mistakes and never, under any circumstances allow a single person to have the ability to set any kind of policy. Hopefully they also don't leave gigantic weapons that can destroy the country all over the legal tapestry and use the honor system to control their usage.

Burn baby burn

US fire sale!! 🔥 every stock must go! 🔥 15-25% off priced to sell! 🔥 hurry, these deals won't last!* 🔥

*profits not guaranteed. in the event of mass economic collapse, cross your fingers for a bail out. This is not financial advice.

I wish there was some way to have seen this coming! Lol

I didn't have much in but I'm divesting from all stocks and cashing out. Everyone should sell it all and let the market crash.

The Orange Turd is an economic genius.