this post was submitted on 08 Apr 2025
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Summary

Despite Trump's 2024 warnings of a market crash under Biden, the S&P 500 is experiencing its worst start to a presidential term in modern history under him, dropping ~15% since Inauguration Day.

This plunge, largely attributed to Trump's aggressive tariff policies announced post-election ("Liberation Day"), is pushing the market toward bear territory faster than any predecessor since 1957.

The Nasdaq is already in a bear market, and economists increasingly warn the tariffs could trigger a recession impacting widespread stock ownership.

(page 2) 8 comments
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[–] eurisko@lemmy.ca 1 points 4 days ago

Skeletonized me (waiting for any kind of impeachment or counter power):

[–] werefreeatlast@lemmy.world 1 points 4 days ago (1 children)

Start? I though this was ending the market. If I could travel in time to 1882/1896, I would explain it to the founding slave owners like this: basically you tell people to invest, they give you all their money and as soon as they're about to retire, just tell them the markets lost so you can keep the money! Yeah, they think they're free and we do have personal flying vehicles now.

[–] werefreeatlast@lemmy.world 1 points 4 days ago

Totally... Help them buy a house! Yeah! They think they own the house but here's what you do...invest $50 on land and build of a house for a slav...citizen thru bank #1 which you own. Then buy the house later with bank #2. Yeah you'll pay a little more, like $65, but then you sell it back to another foo..citizen for $200. In the future, you children will be selling houses back to the citizens millions! No the stupi...citizens don't know they don't actually own the house. They totally think they own the house! Oh and get this! If your house needs repair, just sell it to a fixed upper couple or contractor! They will fix it for you and then pass it off at a profit to another citizen. You get a cut!. Every transaction, you get a cut!!!

[–] pepperprepper@lemmy.world 1 points 4 days ago

By design, bubble would pop at some point, no all the money from his grifts, meme coin, djt, gold card... etc will be used to by larger parts of public companies ensuring his power and wealth will last.

[–] MisterFrog@lemmy.world 0 points 4 days ago

"Bear" and "Bull" as terms are so cringe and I can't put my finger on why.

I think I just associate them with grifters and idiots.

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