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Wow. $4 trillion gone in 2 days.
That's worse than Covid.
That's worse than *anything* in the history of the Fortune 500.
That's *eight times* the total loss during the 1929 Stock Market Crash that triggered the Great Depression.
And some people still think there's a *plan* here?
How about:
1. You and your buddies sell lots of shares.
2. You crash the world economy.
3. You and your buddies buy lots of shares.
4. You change your mind about tariffs, etc.
@ratcatcher ... I mean, it's a great plan with only two small points of note:
1. All the shares are sold
2. All the shares are sold
I know this is technically one point but I thought it was such a big one it was worth mentioning twice.
Sorry, I don't understand what you mean.
@ratcatcher The last two days have been everyone selling the shares. They are gone. 4 trillion dollar's worth.
To do what you're describing (shorting stock), you need to have stock out there to short; you can't short stock unless you get in on the shorting early.
That was my whole point. You and your pals sell whilst the prices are high. Then you deliberately crash the economy. Then you buy them back for much less. Then you change your mind about tariffs and hope the prices go up again.
Objective is to make US companies prostrate themselves before The Boss for specific exemptions from tarrifs. Nothing more.
@DartzIRL Bit of a shame that _other countries_ are now imposing tarrifs on them...