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I think when Trump blows up this country the market will go belly up. (Original Post) kerry-is-my-prez Nov 18 OP
The problem is they're going to have a heads up and going to short everything and we'll make money when it goes down and yourout Nov 18 #1
So do a lot of non-rich Americans. OAITW r.2.0 Nov 18 #2
We were going to move some retirement money into the market but not anymore. yourout Nov 18 #4
Wondering if I should go cash now and rethink global investments. EU and Canada, specifically. OAITW r.2.0 Nov 18 #5
In Canada, they have a saying: True Dough Nov 19 #11
I have money in it but if I complained they would just laugh. kerry-is-my-prez Nov 18 #7
At that point, the wealthy will pressure their local Congress members. Not sure they'll buck trump, though. Silent Type Nov 18 #3
"Rich people have a lot of their money in the stock market and that will NOT be pretty." J_William_Ryan Nov 18 #6
They didn't stop aReagan from edhopper Nov 18 #8
I think shorting the US economy will be the Republican play. OAITW r.2.0 Nov 19 #9
Who was president when all the collatorized mortgages went belly up? kerry-is-my-prez Nov 19 #14
Yep. I'm surprised there aren't more people in the investment world kerry-is-my-prez Nov 19 #13
The Wall Street Journal Blue Full Moon Nov 19 #10
Trumpers don't read the WS Urinal RainCaster Nov 19 #17
Right now, my retirement savings are in the market. Happy Hoosier Nov 19 #12
Yep. And you you have to take risks somewhat in order to get a good return. kerry-is-my-prez Nov 19 #16
Bond market is much larger ... historical charts are always interesting in my opinion ... cliffside Nov 19 #15
They'll buy on the drop and get richer. Scrivener7 Nov 19 #18
The country probably has to hit the bottom kansasobama Nov 19 #19

yourout

(8,094 posts)
1. The problem is they're going to have a heads up and going to short everything and we'll make money when it goes down and
Mon Nov 18, 2024, 11:44 PM
Nov 18

OAITW r.2.0

(28,437 posts)
2. So do a lot of non-rich Americans.
Mon Nov 18, 2024, 11:44 PM
Nov 18

We've got more skin in the game than the very rich. I am wondering what I should be doing with Trump in charge of the economy.

yourout

(8,094 posts)
4. We were going to move some retirement money into the market but not anymore.
Mon Nov 18, 2024, 11:47 PM
Nov 18

They're either going into annuities or something with minimal return but also have no risk. We're in our 60s so we can't afford to take a hit like the retirees did when Bush Jr crashed everything.

It's likely that all the money in the infrastructure projects will keep the market going till about 2 years in but I can't risk it right now.

The next crash is going to be a big one because there is no guardrails left.

True Dough

(20,474 posts)
11. In Canada, they have a saying:
Tue Nov 19, 2024, 12:06 AM
Nov 19

"When Americans sneeze, Canada catches a cold."

Because the U.S and Canadian economies are so closely interwoven, any U.S. stock market crash will have serious side effects for Canada. True too for Europe, perhaps to a lesser extent, however.

kerry-is-my-prez

(9,256 posts)
7. I have money in it but if I complained they would just laugh.
Mon Nov 18, 2024, 11:54 PM
Nov 18

When I worked in investments, it used to be that pensioneers had huge billion dollar accounts but I don’t think it’s a thing anymore. People have been getting their pension accounts closed.

J_William_Ryan

(2,190 posts)
6. "Rich people have a lot of their money in the stock market and that will NOT be pretty."
Mon Nov 18, 2024, 11:52 PM
Nov 18

Congressional Republicans’ corporate masters may not let it get that far.

edhopper

(34,921 posts)
8. They didn't stop aReagan from
Mon Nov 18, 2024, 11:55 PM
Nov 18

The Savings and Loan disaster,more Bush from Sub-Prime meltdown.
All Republicans tank the market.

OAITW r.2.0

(28,437 posts)
9. I think shorting the US economy will be the Republican play.
Tue Nov 19, 2024, 12:02 AM
Nov 19

And passing legislation that makes it happen.

kerry-is-my-prez

(9,256 posts)
14. Who was president when all the collatorized mortgages went belly up?
Tue Nov 19, 2024, 12:20 AM
Nov 19

That used to be the big thing way back when with all the top investment people. One of my bitchy, pain in the ass clients did those exclusively. I have to chuckle thinking she might have had her patty’s slapped.

kerry-is-my-prez

(9,256 posts)
13. Yep. I'm surprised there aren't more people in the investment world
Tue Nov 19, 2024, 12:10 AM
Nov 19

Complaining. The market hasn’t collapsed yet. I would think that would be a worry. Warren Buffet sold all of his Berkshire Hathaway stock not too long ago (which is the cream of the crop when it comes to funds) which is pretty noteworthy. The price is up which is surprising after someone sells a large amount.

Blue Full Moon

(1,234 posts)
10. The Wall Street Journal
Tue Nov 19, 2024, 12:04 AM
Nov 19

Wrote an article on just that. Forbes tried to warn people ahead of the election. I guess tRump supporters don't read.

RainCaster

(11,574 posts)
17. Trumpers don't read the WS Urinal
Tue Nov 19, 2024, 02:24 AM
Nov 19

Can't see value in the subscription cost, and they would never darken the door of a library.

Happy Hoosier

(8,431 posts)
12. Right now, my retirement savings are in the market.
Tue Nov 19, 2024, 12:07 AM
Nov 19

It’s the only way to get enough of a return to actually generate income replacement.

cliffside

(492 posts)
15. Bond market is much larger ... historical charts are always interesting in my opinion ...
Tue Nov 19, 2024, 12:22 AM
Nov 19

The very wealthy are either hedged, moved some money to fixed assets and/or private investments which are becoming more common. Plus they can afford a little loss.

https://stockcharts.com/freecharts/historical/marketindexes.html

Scrivener7

(52,884 posts)
18. They'll buy on the drop and get richer.
Tue Nov 19, 2024, 07:10 AM
Nov 19

I originally thought I'd stay in the market, but I didn't. I put a lot on the sidelines last week.

I feel safer now.

kansasobama

(1,526 posts)
19. The country probably has to hit the bottom
Tue Nov 19, 2024, 08:42 AM
Nov 19

If it has to root out fascism for good. Yes, I will suffer too but I am willing to bite it if it assured a Trump failure.

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