Billionaires Score Best-Ever Day as Stocks Soar on Tariff Pause

[demmiblue]

The world’s wealthiest people added $304 billion to their combined net worth on Wednesday — the largest one-day gain in the history of the Bloomberg Billionaires Index — as stock markets soared after President Donald Trump pledged to pause tariffs on some trading partners.

The S&P 500 Index jumped the most since 2008 following Trump’s mid-day announcement, reversing steep losses over the past few days and boosting the fortunes of the world’s 500 richest people by an average 3.5%. The Nasdaq Composite Index also rebounded, climbing the most in more than 24 years.

https://www.bloomberg.com/news/articles/2025-04-09/billionaires-score-best-ever-day-as-tariff-pause-jolts-market

* Paywall

[The Great War & Modern Memory]
‪@ps9714.bsky.social‬

The world’s wealthiest people added $304 billion to their combined net worth — the largest one-day gain in the history of the Bloomberg Billionaires Index — as stock markets soared.

The largest individual gainer Wednesday was Tesla CEO Elon Musk, who added $36 billion to his fortune.

Billionaires Score Best-Ever Day as Stocks Soar on Tariff Pause

The world’s wealthiest people added $304 billion to their combined net worth on Wednesday — the largest one-day gain in the history of the Bloomberg Billionaires Index — as stock markets soared after ...
bloom.bg

April 9, 2025 at 7:47 PM

https://bsky.app/profile/ps9714.bsky.social/post/3lmg6gjdflc2n

Trump’s Tariffs Whiplash Is Open Corruption. He Admitted It Himself.

Trump posted a message to his followers just before pausing the bulk of his tariffs.

Trump may have accidentally confessed to insider trading and market manipulation on Truth Social.

“THIS IS A GREAT TIME TO BUY!!! DJT,” the president wrote on Wednesday, a mere four hours before announcing a 90-day pause on most retaliatory tariffs except for China, yet another market-shocking announcement that caused stocks to shoot up.

Insider trading is a very illegal practice that involves using special or private information to give yourself an advantage in buying and selling stocks. Someone with knowledge of an economic policy change that would cause the markets to shoot back up would be posting about how great a time it is to buy right before the policy change happened. This particular situation looks like the opposite of a pump and dump: a poop and scoop. This is when an exclusive group of people with private knowledge do whatever they can to drive stock prices down—like announcing debilitating global tariffs—and then buy stocks up strategically before the price goes up again. And with this administration, the corruption is completely out in the open.

“Trump is creating giant market fluctuations with his on-again, off-again tariffs. These constant gyrations in policy provide dangerous opportunities for insider trading,” Senator Adam Schiff wrote on X. “Who in the administration knew about Trump’s latest tariff flip flop ahead of time? Did anyone buy or sell stocks, and profit at the public’s expense? I’m writing to the White House—the public has a right to know.”

https://newrepublic.com/post/193823/trump-tariffs-corruption-insider-trading

[kentuck]

1. Interesting factoid:

"The largest individual gainer Wednesday was Tesla CEO Elon Musk, who added $36 billion to his fortune."

[llmart]

2. That's just obscene!

And so is he.

[demmiblue]

3. And Zuck gained almost $26 billion.

[Igel]

5. Losses are good if it hurts.

Gains are bad.

How dare he gain X - 10 back after losing X--it's just made him richer than he was before! (But, um, no, that wouldn't.)

The question is, Is Musk back to status quo ante or still down from where he was a few weeks ago? Remembering that these are all unrealized paper changes. Like my mom's house: Bought for $260k in '96, up to over $450k by '07, in '09 it was back at $260k. And she wanted to know who got that nearly $200k difference--"They stole my money." She has moderate-severe dementia at the time, but she'd had said the same thing 40 years earlier. She didn't get appreciation and depreciation, at least as far as assets go.

I know that today my savings increased by nearly over 1/3 of my last year's net earned income (after deductions, etc.), but I'm still down by more than half of my 2024 net earned income. Also unrealized gains/losses, but still, Real Soon I'll need to start cashing out. Or at least planned to. Plans change.

Inflation, 2021-2025, means I get to work an additional year and retire at 67 instead of 66. I'm like a tuned-out HS senior who finds that he has an additional year--it's not a pretty sight. Esp. if I'm slated for a new-to-our-district class that I've never taught, so I get to assemble it for ... 1 year. Lots of work for little payback.

But wait! There's more! Because of the last few weeks, if the damage is not entirely undone, I get to work yet another year ... Or maybe two. Retire at 68 or 69.

I'm tired.

Oh. And my kid sent email saying, "My summer program abroad is $10k. Mom's paying half. Can you pay the other half?" Surprise, payment's due by 4/16. Sure, I have $5k just sitting around doing nothing. Next up: "I need spending money for Osaka." Japan's not a cheap place. But he won't bother to mention this, probably, until he texts on the way to the airport.

[mwmisses4289]

4. And there you have it- the reason for the tariff pause.

The gopees wealthy controllers were absolutely furious about how much they were losing. Probably a little whisper in gopee critters delicate little ears of we'll make sure you lose your next run for your office - and poofda! Tariffs are paused. Won't be surprised if in a few weeks if 95% of them are gone.

[Jack Valentino]

6. Today's stock market rise was somewhat illogical, since the tariffs on our 3 greatest trading partners

have not been paused--- so far as I know... and the matter is not really "settled", only "paused".

I expect it was a one-day buy-back, mostly by big-money players,
which did not put the market back where it started....

and as the economy falters, the stock market will re-commence falling--
perhaps not dramatically, but slowly....