Seeing a lot of copium but am I fucking crazy? The market would have to do more than just recover for people to recoup their losses, correct?
If you're going to retire in the next ten years you shouldn't have so much money in the stock market. If you're young then this is a fire sale.
Big donors who wanted this own large private businesses and have very little market exposure.
Firesale?? And how are you suppose to partake, you just lost a huge bit of wealth??? The stuff you buy today will only grow as fast as the stuff you just lost.
You haven't anything until you sell. Holding long-term is more profitable anyways.
You aren't. It's for people that already have tons of resources.
It's a fire sale for people who moved to more securities and cash earlier when trump signaled that he was going to crash the market. Also his billionaire buddies when he said he was going to do this, got a heads up.
They're going to buy premium stocks for dirt cheap now and clean up if/when it recovers.
The issue this time around is, trump destroyed the fundamentals of trade between literally every other country on earth outside of the US.
There's literally no way for the market to recover when it's largely based on the same global trade that trump just destroyed for the next generation or two at least.
Allies will not trust the US anymore. We just pulled a Brexit and gave up our seat at the head of the table in world trade.
They may recover, but not to the pre-trump tariff's level.
Increase contributions to retirement and other savings accounts like HSA and college funds. You're going to need it since social security is going away.
Bro calm the fuck down. Welcome to the stock market. This is really fucking bad but if you were to sell now you'd be an absolute fucking idiot. Fight the urge and BUY