It is a bloodbath out there.
The terminally-online stonks lads are in a frenzy today. It is an absolute madhouse on social media right now after Trump announced 10% reciprocal tariffs on nations that have tariffs on U.S. goods.
Meanwhile, for most of us who have no money to "buy the dip," it's a relatively peaceful Thursday.
Here's the thing: The stock market is down. But it's not the end of days.
From CNBC:
The broad market index dropped 4%, putting it on track for its worst day since September 2022. The Dow Jones Industrial Average tumbled 1,200 points, or 3%, while the Nasdaq Composite fell 4%. The slide across equities was broad, with decliners at the New York Stock Exchange outnumbering advancers by six to one.
Thursday's moves sent the S&P 500 to its lowest level since before Trump's election win in November, and also erased nearly $2 trillion from the index.
That sounds scary, but not when you put it in perspective.
What's interesting to me is how Democrats, along with RINOS, are rushing to the cause of the mega-corporations.
But let me give you a different perspective.
First, the stock market wasn't as strong as you thought it was. The vast majority of stocks are held by a tiny fraction of people - the same people who pushed DEI and UN-led ESG efforts to wokeify the global workforce while also stumping for WW3 in Ukraine.
Second, I don't think the older generations understand the current desperation of younger generations.
Buy stocks? Ha! With what?
Third, American industry has been bled dry over the last 40 years while the coastal elites got rich by flooding the U.S. with cheap foreign goods and incentivizing companies to outsource. Our communities have become wastelands as a result.
So yeah, you could say that a good number of people are quite excited about the shakeup in the status quo, also known as "the impending crash of Western civilization that we've been on for decades thanks to greedy parasites."
Occasional forest fires are healthy for forests and occasional bloodbaths are healthy for markets.
As a good friend of mine said about his plans for today (some of you really miss him), "I'm buying the blood."
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