General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI'll go contrarian here: Quit rooting for the market to fail
People will lose their jobs and homes. Its unseemly not to realize this and best summed up by this scene from The Big Short. Just dont fucking dance.
newdeal2
(4,705 posts)Aided by the most unqualified cabinet in history and an impotent Congress. Not because of our wishful thinking.
If this is what breaks the MAGA fever, so be it.
Gore1FL
(22,814 posts)EdmondDantes_
(1,317 posts)Or ranting that if there's even an hour of stocks going up it's some obvious conspiracy to falsely hold up the market to support Trump?
There's a lot of posts that come across as if the market falls it will prove that Trump's policies are bad and so want the market to fall to prove that. Maybe they don't mean to come across that way, and/or maybe some of us are reading them that way for some reason that wasn't the author's intent.
Gore1FL
(22,814 posts)muriel_volestrangler
(105,496 posts)I think a lot of posts are saying that the market falling proves Trump's policies are bad. But that doesn't mean "complaining it's not in open freefall". Quite the opposite.
Bernardo de La Paz
(60,320 posts)It is NOT ranting.
Dave Bowman
(6,550 posts)Johnny2X2X
(23,670 posts)Millions of Americans will lose their jobs and many will have their lives ruined because of it.
brush
(61,033 posts)a coming recession, if not a depression. Most economists have already cited that.
trump doesn't know what the fuck he's doing. The idiot even thinks his tariffs will bring in so much money into the treasusry that we can eliminate income taxes, and he will be hailed as a hero for that.
Such a fool.
spooky3
(38,229 posts)Lots of retirees depend on being able to safely withdraw from their 401ks and IRAs. A 15% drop means they may have 15% less income right now.
Johnny2X2X
(23,670 posts)Any retiree would have to ignore all advice from financial advisors to be 100% in equities. I'm sure there are people like that though.
spooky3
(38,229 posts)Traditionally have recommended a 60/40 equities to bond and cash portfolio for retirees, because bonds and cash generally dont keep up with inflationin fact bonds have lost value in many of the recent years.
Heres just one source but there are many others:
https://www.financialsamurai.com/the-60-40-portfolio/
Over the long run stocks greatly outperform bonds in returns. The problem is that there have been several severe shocks in recent years and if you look only at 2020 to the present, youd see much more volatility than usualbecause of the orange idiot, largely.
I keep seeing this myth and blame-the-victim opinion expressed all over social media. Its simply wrong.
(Business doctorate and professor who has gotten advice from multiple finance PhDs over the years)
AStern
(654 posts)I keep hoping that people will wake up but "woke" it's a slur now so...
Bernardo de La Paz
(60,320 posts)anciano
(2,168 posts)but I have always been of the classical opinion that you "invest" in money instruments, but you "speculate" in stocks. Equity risk is inherent.
spooky3
(38,229 posts)For example, do not keep pace with inflation. Youd have to work much longer, and could run out of money in retirement if you avoid stocks or invest very little in them over the course of your work life.
Maru Kitteh
(31,202 posts)hlthe2b
(112,663 posts)picture or what comes next- directly from the tariffs, or Trump's reaction to them.
milestogo
(22,477 posts)And their cries and complaints have a better chance of being heard anyone else's.
Hangingon
(3,088 posts)My retirement is signifantly supported by instruments that invest in the market. So are the retirements of million of other DUers
milestogo
(22,477 posts)I am not rich either. But the only people who have the ear of the powerful are the very rich.
spooky3
(38,229 posts)And those who have pension plans are also affected because their investment managers invest in stocks too.
This tariff bullshit hurts lots of Dems.
Only their cries will be heard. At least right now.
UTUSN
(76,723 posts)Nobody needs to root for big fails but taking note of them and hammering the accountability should be fine.
EnergizedLib
(2,917 posts)My sympathy is for 75 million people, while I hope the 77 million suffer.
Crash the market, tank the economy, place the blame where it belongs - Blue Wave in 2026 and 2028.
fujiyamasan
(1,142 posts)Many Americans have 401ks, some still have pensions, and Roth IRAs as well. All of these are tied to the stock market.
Theres no escaping its impact.
Rooting for it to fail is pointless. The market is irrational for the most part. The general economic impacts like mass layoffs will be felt later and thats something we all feel.
Rooting for fellow Americans to suffer isnt something that will garner votes. Democrats may find a way to win back some seats if it tanks, but thats not a given if Trump is able to deflect blame to something else or change the narrative, which with the media we have is especially easy to do.
Karma13612
(4,909 posts)Im not so much celebrating the stock market falling as I am pleased that Im no longer invested in it.
I moved my 401K from a target date retirement account into a US Government Funds account a week after Trump was reelected. I couldnt stomach more crashes, still remembering how bad my tiny investment was hit in 2000, 2008 and the ups and downturns more recently.
My investment seems more stable and I get a small dividend every month.
I do feel really bad about all the people who have pensions in stocks thru their jobs. This is hurting some people who dont even realize they are at risk.
But, a bit of schadenfreude is fun once in awhile, to make up for the hell we are all facing.
Aristus
(71,577 posts)But if suffering is the only way the people who voted for Trump will understand what a colossal fuckup they committed, then, well, desperate times
genxlib
(6,077 posts)It is just that a swift and utter failure is our best chance to derail the path that Trump is on.
Best case scenario, the short term pain causes backlash and a total discrediting of his power and policies. Hopefully before the damage is permanent.
Worst case scenario, the market plays ball for awhile until the destruction is irreversible.
I guess my position is that pain is baked into the system at this point. I am hoping for short and intense but recoverable over a long slow slide into oblivion.
JCMach1
(29,073 posts)Leads to toxicity
muriel_volestrangler
(105,496 posts)People wanting markets to fall are a minority.
blue-wave
(4,816 posts)movies of all time. I've watched it over and over again to catch every possible detail. You can learn a lot about our economic system while being entertained, a rarity for Hollywood. Everyone should heed the warnings and messages in "The Big Short." Protect yourself as much as possible.
Torchlight
(6,273 posts)As it has just as much effect on the taste of mustard as do any other opinions I hold.
bif
(26,617 posts)I've already lost over 10% of the money I have invested.
brush
(61,033 posts)baked in a recession, if not even a depression. Most economist and business experts are saying it (see Jamie Diamond of Goldman Sachs today on FOX). You don't get a much more credible business name than that.
Scrivener7
(58,169 posts)all the frogs are used to the boiling water.
doc03
(38,796 posts)nothing but a pump and dump scyme. Meanwhile I haven't seen anything other than
from Malcolm Nance about the military build up for a war with Iran.
Happy Hoosier
(9,385 posts)My retirement savins are done more than $100,000 from peaks. That sucks for me. That would REALLY suck for anyone who is retired and has exposure to the market.
BUT.
I think most of us think that the nly thing the MAGAts will understand is their own personal pain. They don;t have empathy. They don't have reason. The ONLY thing that will work is pain.
So many of us want them to actually feel the comnsequneces, and the sooner the better.