Tariffs Catch-All

  • Thread starter Thread starter BubbaOtis
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superrific said:
Bespoke trade deals? Who the fuck does he think he's fooling? Anyone who knows what a "bespoke trade deal" is supposed to mean knows already that trade deals are all bespoke, all the product of extensive and detailed negotiation, and all finely tuned.

This goading argument would in most years shockingly stupid but in 2025 it's just Wednesday.
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I was watching live as Bessent attempted to explain this shit earlier and I posted "Bessent looks like a fool." So yeah.
 
UNCatTech said:
I wish I had this kind of knowledge.
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You shouldn't. The vast majority of this type of "knowledge" is used for money-losing purposes by Dunning Kruger types. My dad has that kind of knowledge and has lost hundreds of thousands of dollars trying to play with options.

There's a reason why hedge is talking in the past tense. He would have made a lot of money. But that's an insanely risky strategy and it's really easy to lose everything.
 
Good lord. I lost $17k in minutes on my puts. Still turned $5k to $25.

I still think this is all really bad news for the US. He just pissed China off and they will not negotiate with us. Trade with China has effectively ended.

Plus we are firmly a kleptocracy now.
 
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Covering for the under trading by his family and team ahead of the next tweet?
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LOL, this is absolutely cherry-picking, but S&P 5300 calls expiring today actually traded a nickel just before the announcement of the tariff "pause" (1:11pm), at 1:43 they traded $143. That's a 28,000% return in 30 minutes.
 
hedge said:
This is actually pretty good advice. Staying the course in terms of one's portfolio has historically been the best move, but as you say, with this loon in charge, I don't think historical trends apply. It's going to be a bumpy ride the next few years...
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I'm still grossly underwater in my retirement accounts. 15 ft from the surface instead of 25 ft ain't helping much.
 
Sorry, that was the SPY calls that traded a nickel, the S&P's were 50 cents, the percentage gain was correct though (roughly the same percentage gain for the SPY calls as well)...
 
hedge said:
This is actually pretty good advice. Staying the course in terms of one's portfolio has historically been the best move, but as you say, with this loon in charge, I don't think historical trends apply. It's going to be a bumpy ride the next few years...
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Stay in retirement. Exit 529s.
 
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