this post was submitted on 02 Apr 2025
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politics

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all 21 comments
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[–] [email protected] 5 points 17 hours ago

Make America Great Depression again…? That’s where they’re taking this?

[–] [email protected] 27 points 1 day ago (2 children)

I deleted my Fidelity app when Trump took office. I wasn’t doing anything with my blue chip stock and I’d rather not see what I’m losing in real time.

[–] [email protected] 11 points 1 day ago (2 children)

The nice thing is over time historically the stock market or at least index funds always have gain. So either you will recover or... We all have bigger problems.

[–] [email protected] 5 points 14 hours ago (1 children)

The nice thing is over time historically the stock market or at least index funds always have gain.

The analysis that was based on excluded the effect of markets going out of existence. If those events are taken into account, there's little to no long-term gain at all.

[–] [email protected] 1 points 10 hours ago

Hence the we have bigger problems. At least for the next ten years the stock markets won't say, hey its time to try helping out the poor. If the stockmarkets completely implodes, yeah we got some other problems goingonn.

[–] [email protected] 11 points 22 hours ago (1 children)

Cool. But adding 5, 10, 20 extra years to get to the same valuation in your retirement plan isn’t “nice”.

[–] [email protected] 1 points 10 hours ago

Groovy. You are right, I was just using it as a transition to my comment. Who doesn't love waiting an extra 15 years for retirement?

[–] [email protected] 12 points 23 hours ago

Hahaha oh shits gonna go from really bad to worse

My 401k is factored into the divorce and that's a lot of money I'm about to not have to negotiate with

[–] [email protected] 22 points 1 day ago

Trump targeted Hoover instead of FDR

[–] [email protected] 15 points 1 day ago* (last edited 1 day ago) (2 children)

The market has factored in these tariffs. They haven't factored in the retaliation tariffs, since they haven't been announced yet.

I feel like there should be a name for a tariff terrorist. A tarrifist? A terofist?

[–] [email protected] 12 points 21 hours ago

no the market was betting it was mostly a bluff. look at the futures market to see what tomorrow looks like. (dow jones down 1000 points, etc.)

[–] [email protected] 2 points 23 hours ago (1 children)

Man that absolutely does not flow off the tounge.

Tarriforist?

Ugh that's worse

[–] [email protected] 2 points 20 hours ago (1 children)
[–] [email protected] 2 points 20 hours ago (1 children)

I like how you removed your own upvote lol

[–] [email protected] 2 points 19 hours ago

It rubs me the wrong way, like laughing at my own jokes.

[–] [email protected] 3 points 1 day ago

I’ve never invested or traded stocks and I probably never will…or be able to at this point. Happy recession day!