Tariffs Catch-All

  • Thread starter Thread starter BubbaOtis
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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.
 
superrific said:
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.
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^This. That's why I prefaced my post with "of course this is cherry-picking." I worked on the options floor of the old P-Coast exchange in the 90's, it was the wild west back then and the run in tech stocks for much of the decade contributed mightily to that. It was fun to look back at what something had traded for in the morning and see what it had done by the afternoon and of course I was staring at the screen all day anyway so why not dream. But even for a cherry-picking hobbyist like myself, that move today was off the charts. FWIW, I thought CatTech might've been referring to the type of insider knowledge those in Trump's circle might have, i.e., exactly (or even roughly) when Trump was going to announce a pause on tariffs. That's the type of "knowledge" that actually can make you a fortune...
 
hedge said:
^This. That's why I prefaced my post with "of course this is cherry-picking." I worked on the options floor of the old P-Coast exchange in the 90's, it was the wild west back then and the run in tech stocks for much of the decade contributed mightily to that. It was fun to look back at what something had traded for in the morning and see what it had done by the afternoon and of course I was staring at the screen all day anyway so why not dream. But even for a cherry-picking hobbyist like myself, that move today was off the charts. FWIW, I thought CatTech might've been referring to the type of insider knowledge those in Trump's circle might have, i.e., exactly (or even roughly) when Trump was going to announce a pause on tariffs. That's the type of "knowledge" that actually can make you a fortune...
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And it is also the type of behavior that will destroy our country.

There is no way to rein it in. I mean they can take the control of tariffs away but the manipulation will persist beyond Trump because why not? Big donors will expect manipulation and insider knowledge now that it is the new norm and likely not prosecutable.

That could be the reason for the tweet earlier. He probably told insiders when I tweet this it will be a signal. Those reacting will just claim it is a public tweet and thus public knowledge. But of course they don't have to guess exactly what the tweet means.
 
So who really floated the idea”Walter Bloomberg” 90 day pause? Was it done to convince Trump to go this route?

And, to be clear, it is not actually a pause — the tariffs continue at 10% across the board, the 90-days is a reduction in higher announced rates to the flat 10% (and doesn’t u do other tariffs on autos and steel etc.).
 
ChapelHillSooner said:
And it is also the type of behavior that will destroy our country.

There is no way to rein it in. I mean they can take the control of tariffs away but the manipulation will persist beyond Trump because why not? Big donors will expect manipulation and insider knowledge now that it is the new norm and likely not prosecutable.

That could be the reason for the tweet earlier. He probably told insiders when I tweet this it will be a signal. Those reacting will just claim it is a public tweet and thus public knowledge.
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He's a mafia don. And the world is his Todt Hill.
 
farce© said:
"Treasury Secretary Bessent reiterated that the pause indicated that Trump cared about trade and wanted to make “bespoke” trade deals with countries that were willing to lower barriers. Bessent also arguied that Trump “goaded” China into showing that they were the “bad actors.” -NY Times
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If he said "bespoke," then you know he is serious. I hate that word so much.
 
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