Comment on Let Trump cook...
theunknownmuncher@lemmy.world 5 weeks agoTwo things that have also failed to manifest, in large part thanks to the prolific state spending following COVID.
We’re still only 3 days into this war. And yet this is already manifesting right now in real life as we debate it on the internet. …yahoo.com/…/stock-market-today-dow-sp-500-nasdaq…
Trump’s very obviously not going to do that.
Yes, agreed, this is very obvious. Because Trump does not have control over the interest rates.
UnderpantsWeevil@lemmy.world 5 weeks ago
The second big Iran-Israel conflict in less than a year.
Ah yes. A total nosedive of 0.30%.
This is the Uno-Reverse “Why you complaining when the DOW is over 50,000!” line. Any token sell-off gets reported on like it’s Black Friday.
He’s lining up his pick to replace Powell as we speak.
theunknownmuncher@lemmy.world 1 week ago
Well, it’s been 4 weeks, so I’m back! Here’s the S&P 500 over the last month, with no end to the Iran war in sight.
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UnderpantsWeevil@lemmy.world 1 week ago
Fair enough. Hope you made some money on the plunge. I would not have guessed an 8% drop, given the weirdly stubborn endless equities enthusiasm, but here we are.
theunknownmuncher@lemmy.world 1 week ago
Yeah 8% over 1 month is pretty huge. Not suggesting this will actually happen, but if the current trend continues at the same rate, it will be a 62% loss over a year.
A short period of time before the Iran war started, I pulled all my money out of the market and am 100% in CDs now. I didn’t time the top perfectly, but that’s never really my goal anyway, and I’m definitely beating the market right now with modest returns.
theunknownmuncher@lemmy.world 5 weeks ago
I’ll come back to this in 4 weeks. See you then 😉
UnderpantsWeevil@lemmy.world 5 weeks ago
You gotta at least give yourself a full Friedman Unit.
marcos@lemmy.world 5 weeks ago
I wouldn’t take any kind of advice from Friedman…