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Trump: "Buy the dip"

godhandiscen

godhandiscen

There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
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I found it morbidly hilarious that his priority with regards to the virus is the stock market. Nevertheless, the people in the comments bashing Trump for today's dow drop are completely missing the big financial picture, and consequently remain poor. The market has performed amazingly well under Trump, and regardless of how you see his policy, you should study the facts and perhaps start investing.
 
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godhandiscen said:


I found it morbidly hilarious that his priority with regards to the virus is the stock market. Nevertheless, the people in the comments bashing Trump for today's dow drop are completely missing the big financial picture, and consequently remain poor. The market has performed amazingly well under Trump, and regardless of how you see his policy, you should study the facts and perhaps start investing.
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You don't buy during the fall, you buy just after the bounce back.
 
Musky_Cheese said:
Why is this in Off Topic?
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I didn't feel it was political/partisan in nature. If anything, I would qualify this under financial news. If the mods want to move it to another forum, it's alright.
I am surprised that this thread has so few replies. I guess not many people pay attention to the market in this forum, or are not interested in talking about it.
 
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godhandiscen said:
I didn't feel it was political/partisan in nature. If anything, I would qualify this under financial news. If the mods want to move it to another forum, it's alright.
I am surprised that this thread has so few replies. I guess not many people pay attention to the market in this forum, or are not interested in talking about it.
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I think the vast majority here don't want to talk politics. So when they see a politician in the thread title, they don't click.
 
It's true being President gives you direct control over the stock market. First day in office they show you where the big lever is that controls everything. Old Donny must have fallen asleep on it!
 
Pretty sure people who can afford to go hard in the market after this shakes out don't need to be told on twitter
 
Clearly nobody took his advice because the markets tanked again today. I'm glad I didn't have a market position this week or I would've lost thousands. Pretty shitty for everyone.
 
My 401k has lost $500 $1,000 this week. :messenger_loudly_crying:

EDIT: I misread, its $1000. At least I can feel good knowing some poor billionaire will swoop in and make tons of money when things turn around. It will feel good knowing I helped them when I am eating dumpster burgers under the bridge...
 
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Azzurri said:
I wish I knew what to invest in, I have a good amount of money to invest, but no idea.
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Index funds. I invest with Vanguard, personally

Definitely buy during dips! The stock market has always bounced back and always will unless society collapses, at which point all of your money would be worthless anyway, so might as well invest assuming things are going to be OK in the long run.
 
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V2Tommy said:
Clearly nobody took his advice because the markets tanked again today. I'm glad I didn't have a market position this week or I would've lost thousands. Pretty shitty for everyone.
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You need to time it. I haven't moved my positions yet. Waiting for after next quarter earnings seasons to move.

AFreekinKing said:
My 401k has lost $500 $1,000 this week. :messenger_loudly_crying:

EDIT: I misread, its $1000. At least I can feel good knowing some poor billionaire will swoop in and make tons of money when things turn around. It will feel good knowing I helped them when I am eating dumpster burgers under the bridge...
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I have lost about 20% of my net worth this past week. We all became poorer. Don't stress.
 
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godhandiscen said:
MDRN huh? Second time I hear about it. I wouldn't trust blindly DD from WSB it can be poison at times.
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There's $1.25B in funding from the government headed to a variety of these companies. In this case we might see a rising tide lifting all boats effect, especially with the rest of the market on the outs.

Now as for which company will get to a vaccine first? No clue.
 
I probably waited too long, but I am selling out/moving money to money markets tomorrow in my Roth and 401k. I'm not in the red yet (i.e. below purchase price), but I think the market will drop another 10%+. I'll be in a stronger position to rebuild my lost profit if I buy again even after a lighter drop.
 
Azzurri said:
I wish I knew what to invest in, I have a good amount of money to invest, but no idea.
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got some disney yesterday :messenger_sunglasses:

it dropped some more today kinda wish i got it today hopefully itll fall lower when I get my paycheck next week. looking at unilever as well
 
^ I'm thinking more like 1 to 1.5 years out. Lots of once in a lifetime trading opportunities coming up.
 
Almost bought a bunch yesterday right before market close, but then thought better of it. Glad I didn't.

It's gonna be hard to time this one, because of a mix of things:
- the market grew wicked fast over the last 6 months, so a correction was going to happen at some point
- a full-on recession was supposed to be coming Any Time Now for years
- and now the friggin coronavirus

So aside from the coronavirus, it's hard to tell if there's more behind this dip, and how long it's gonna last.
 
godhandiscen said:
CQaaidM.png


I found it morbidly hilarious that his priority with regards to the virus is the stock market. Nevertheless, the people in the comments bashing Trump for today's dow drop are completely missing the big financial picture, and consequently remain poor. The market has performed amazingly well under Trump, and regardless of how you see his policy, you should study the facts and perhaps start investing.
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The stock market performed better under Obama. This new virus plunge basically solidified Obama's lead over trump. He did it without pumping, lying, and giant irresponsible tax cuts in a worse economy.

I've been investing since 2001. The idea that trump is some market guru or good for the market in general is nonsense.
 
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I was thinking this was about Trump coming out with his own line of dip. I'd try a nacho cheese flavor from him. Maybe a salsa.
 
gatti-man said:
The stock market performed better under Obama. This new virus plunge basically solidified Obama's lead over trump. He did it without pumping, lying, and giant irresponsible tax cuts in a worse economy.

I've been investing since 2001. The idea that trump is some market guru or good for the market in general is nonsense.
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Evil oranje trump tweets are useless now.
Where is the plunge protection team now? Oh right, i can't manipulate the markets now.
 
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