We can submit quotes?

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Its over for wall-street-cels

It’s okay you can say r/Wallstreetbets

Jokes on you, you can make money off of a crashing stock market. 🐻

imagine if there were still actually good political comedy shows for this shit instead of just reading /r/drama.

Lmao imagine being one of the dumbasses that thought that Trump was serious about the Trade War ceasefire with China.

I'm sure HE believed it

I'm going to buy so many stocks. Then I'm going straight to r/wallstreetbets to laugh at people.

BUY HIGH SELL LOW

Wow a bunch of poorly managed tech companies drop. Must be Trump.

The named companies were all banks, you fucking mong 😂 😂 😂 😂

Mong.

Oof

"Big tech stocks fell sharply. Apple (AAPL) and Alphabet (GOOGL) lost more than 4% apiece. Amazon (AMZN) and Netflix plunged more than 5%."

Bank of America (BAC), Morgan Stanley (MS) Citigroup (C) and Wells Fargo (WFC) declined more than 4% apiece. The SPDR S&P Regional Banking ETF plunged 5.5%, the worst day since June 2016.

Imagine being so retarded you only make it to the third paragraph 😂 😂 😂 😂 😂 😂 😂

Lmao you want to defend daddy so much you can't even finish reading fucking article from start to finish

A flattening yield curve and slowing economic growth hurt the profitability of banks. Bank of America (BAC), Morgan Stanley (MS) Citigroup (C) and Wells Fargo (WFC) declined more than 4% apiece. The SPDR S&P Regional Banking ETF plunged 5.5%, the worst day since June 2016.

Thanks for including a the full quote that actually defends what I said. Here's the part you missed because you were too busy believing CNN's not-so-subtle pot shot at Trump instead of what actual happened.

 

Action -> Reaction

A flattening yield curve and slowing economic growth -> hurt the profitability of banks.

 

Banks are dependent on and a part of the market in way that is similar to currency. When a sector falls, banks fall.

Where the fuck did you say that in your first comment Lmao weren't you blaming "poorly managed tech companies"

I guess you still don't get it. I tried.

The Dow plummeted 799 points on Tuesday. Uncertainty about the US-China trade ceasefire was one reason. But the banking sector was hit particularly hard on concerns about bond yields, and what they could be saying about economic growth. Investors appear to be spooked by the shrinking difference between short-term and long-term bond yields. On Tuesday, the gap between 10-year and two-year Treasury yields was the smallest it's been since just before the Great Recession.

DDF 200 IQ brain take: Wow a bunch of poorly managed tech companies drop it's their fault

I tried

Try harder

ur right, i should just came in my own ass while watching an andy milonakis livesteam and rubbing glitterpaste on my nipples.

lmaoo, using self-deprecating humour to cope

imagine being so dumb you can't understand econ 101 shit.

You're still trying. I told you to stop

That would be an improvement

Super brave drama alt account talking about post history.

😎

Do you know how badly you need to fuck up for people to downvote you on /r/Drama?

Now you faggots care about the DOW Jones lol

There's a serious problem when I, a private citizen, understand economics better than the President.

Is this a copypasta?

Is he claiming the tariffs would benefit the economy, though? I read nothing like that in the article. In the past he's gone the populist route, essentially that tariffs would hurt companies that produce abroad and thus bring domestic manufacturing jobs back. For him that's a sensible argument, since much of his support comes from people that would benefit from more industry jobs.

It would hurt the companies and economy, but lowering steel and aluminium imports in a lasting manner would lead to a rise in mining and metallurgy industries, and more jobs. Probably very welcome thoughts to those coal miners Trump was alone in supporting during the election.

His rhetoric is typically along the lines of being tough on China, since they abuse us with a trade deficit (while drastically misunderstanding what a trade deficit actually is). Not to mention, he's putting tariffs on things we don't produce domestically, which does nothing to even protect native industry, making it even more pointless. The tariffs are, in fact, drastically damaging his rural base, hence why he's promoting an aid package for them.

https://www.youtube.com/watch?v=etkd57lPfPU More info

I wonder if any of his mates sold stock just before he said it?

is who said what available to the public?

Stock traders are some of the biggest betas out there

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