How soon before "the red hats" start claiming they have never made so much money in the stock market?
By Mark-Paul
@MarkPaul (221)
March 10, 2025 10:14pm CST
PREDICTION:
As trump's policies crash the stock market (and the economy), rather than confess to his incompetence, "the red hats" will claim they are making money hand-over-fist, that they are buying an abundance of eggs for under $1.00 (USD) per dozen, and that their lives have become easier and better than it was under the steady hand economy of Joe Biden.
Meanwhile, trump's Secretary of Treasury explains, the objective is not to give Americans low prices.
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3 responses
@FourWalls (72320)
• United States
11 Mar
They will claim that either (a) he never promised what he promised, or (b) it’s not his job to do that (unlike it all being Biden’s job and fault).
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@porwest (97120)
• United States
12 Mar
Clearly you don't understand how the markets work. The most number of new millionaires from the stock market come from DOWNTURNS, not upswings, because the broad markets go on sale. I am not saying I enjoy the downturns. I am simply saying, they offer the greatest opportunity to actually make tons of money in the stock market.
You also don't seem to grasp basic economics either. But that's for another day.
@MarkPaul (221)
•
12 Mar
So, let's summarize: As a (self-proclaimed) "astute businessman," you don't enjoy downturns, but you rejoice for them and think the role of a president is to cause them because it allows millionaires to be made from the stock market and for goodness sake if that isn't the overriding goal of government, what is?
So, during the downturns during the Biden years, when trump claimed there would have been no downturns, no inflation, and no recessions if he was president he was really saying he was happy for those downturn periods because more stock market millionaires were being made. But, he didn't want to rejoice publicly because of... well, you know, politics. I mean everyone understands that.
And, while we are at it,can we also say that high grocery prices are good? Of course, we don't enjoy them, but anyone with any economic sense certainly knows that higher food prices mean people need to tighten their food budgets which means they can't buy as much food and that's a good thing because, let's face it, Americans have become known as overweight. And, this way they are forced to eat less... and smarter. And, that's just healthy. Anyone who knows anything about nutrition understands that. But, that's for another day.
Let's hope for more downturns to come. Praise be to trump. Amen.
1 person likes this
@porwest (97120)
• United States
12 Mar
So, let's summarize: As a (self-proclaimed) "astute businessman," you don't enjoy downturns, but you rejoice for them and think the role of a president is to cause them because it allows millionaires to be made from the stock market and for goodness sake if that isn't the overriding goal of government, what is?
@MarkPaul I never said that.
So, during the downturns during the Biden years, when trump claimed there would have been no downturns, no inflation, and no recessions if he was president he was really saying he was happy for those downturn periods because more stock market millionaires were being made. But, he didn't want to rejoice publicly because of... well, you know, politics. I mean everyone understands that.
Your words. Not mine.
And, while we are at it,can we also say that high grocery prices are good?
No. They are not. But Trump did not cause that. Biden did.
Of course, we don't enjoy them, but anyone with any economic sense certainly knows that higher food prices mean people need to tighten their food budgets.
Yet you would have happily voted for the same policies that caused people to have to tighten.
Anyone who knows anything about nutrition understands that. But, that's for another day.
That's why RFKJr. was appointed as Health and Human Services Secretary.
Let's hope for more downturns to come. Praise be to trump. Amen.
You sound ridiculous. No one HOPES for downturns. At the same time, sometimes they are NECESSARY. And almost every time, they are PROFITABLE. Anyone investing into an IRA or 401k right now will be ahead greatly in 5 years.
@MarkPaul (221)
•
12 Mar
@porwest "Yet you would have happily voted for the same policies that caused people to have to tighten."
Your words, not mine.
"No. They are not. But Trump did not cause that. Biden did."
That's what trump is saying (and you are repeating), but what is noticeably absent from your recitation is that trump said he would "fix that" by lowering prices on Day-1. He later reinforced that by saying grocery prices is why he was elected. But, that's probably for another day.
"That's why RFKJr. was appointed as Health and Human Services Secretary."
How naïve (or stupid, no offence) can you be? He was appointed because he endorsed trump. He has 0.0 experience in health and human services, so only his endorsement turned him into a "best hire."
"No one HOPES for downturns. At the same time, sometimes they are NECESSARY. And almost every time, they are PROFITABLE. Anyone investing into an IRA or 401k right now will be ahead greatly in 5 years."
And, yet you also say... "I am simply saying, they [downturns] offer the greatest opportunity to actually make tons of money in the stock market."
So, I guess most people don't really want to make "tons of money" because as you confirm, no one hopes for the downturn condition that will cause them, in your assessment, to make "tons of money."
Can you be any more twisted into a pretzel? You literally sound like a clown. And, if any investor will be ahead in 5 years, then that means when the stock market is up they are at a disadvantage. Or, perhaps you think no matter what happens, it doesn't matter. If the stock market is up, that's good. If the stock market is down (when trump is president) that's good. And, that could be a valid position, but that pulls the rug out of one of trump's major criticisms of Biden in warning he would cause the stock market to crash while taking credit each and every time the stock market went up (regardless if he was president or not).
So, now you know why your credibility as a (self-proclaimed) "astute businessman" is being mocked.
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