Today's market was outrageous. The SPY crashed the moment it opened, the Nasdaq fell almost 2.6%, and the Dow Jones plummeted over 600 points, all because Trump made a crazy announcement that morning about imposing "massive tariffs" on China, citing the rare earth issue. He implied that China was using rare earths to "control the global supply chain." The market immediately imploded. The algorithmic market crashed, and retail investors followed suit, panicking. Tech, semiconductors, and manufacturing sectors were all decimated. Ironically, rare earth and mining stocks actually rallied. Isn't that ironic? Didn't we just go through this in April? Back then, he also mentioned tariffs, sending the market into a panic, only to crash and then recover. This time, it felt similar, only louder and the drop was even more severe. Honestly, I'm not surprised at all. Having been in this business for 20 years, I've seen this kind of drama countless times. When the news breaks, everyone jumps on it, no one looking at the fundamentals. A company that was doing well the day before was slashed in half because of a tweet. I reduced my holdings a bit today, but I didn't sell. I kept some cash and will see how things play out next week. If it drops another 2% or 3%, I might start slowly adding to my holdings. This isn't a systemic crash, it's just panic. If there's anything I can really learn, it's this: don't jump in when others are collapsing. Black Friday is great, and everything is discounted right now, but don't buy everything. You have to figure out which stocks are truly valuable and which are just discounted junk.

    Trump is at it again. Black Friday is damn true.
    byu/Ornery-Highway-150 instocks



    Posted by Ornery-Highway-150

    33 Comments

    1. Bro apld was ready to hit $40 today and iren was close to $70. 
      Not to mention crypto.

      Oh well. Taco Tuesday!

    2. All that was said about China, from that particular angry orange… Unbelievable, bite me…

      This feels just like a dump and pump, but who knows

    3. Defiant-Tailor-8979 on

      This isn’t black Friday, s&p is down less than 3%.

      This is typical trump dump, next week or 2 it will be back in the perma-pump

      Ffs, this is life for 3.25 more years.

    4. S&P 500 dropped lowest in one day since April but some think this is a nothing burger. Might be. TACO Tuesday perhaps. Buying opportunity definitely my thoughts

    5. If this is April all over, then buy!! If your really think this is the start of the “great crash” that has been predicted for the past several years, then buy Puts! Seems pretty simple actually. Just depends on your confidence level.

    6. Enough-Radish-4973 on

      I was actually looking at the largest S&P 500 point drops by day.. As it stands right now (3:30) 12th worst in history.

    7. DeepestWinterBlue on

      This orange bitch single handedly tanked it and I’m bet him and his friends are buying

    8. Glittering-Praline59 on

      Pigs get slaughtered. Market is disgustingly overheated over the last few weeks as I’ve been saying. I am very happy to see that a sell-off was finally triggered. Hopefully, it declines by another 8-10%. I would like to see Bitcoin under $100k and SPY at around 620-630 before I start buying more than usual.

      We’re still at absurdly high levels. The fact we didn’t have any pullback since April is just ridiculous.

    9. >When the news breaks, everyone jumps on it, no one looking at the fundamentals. A company that was doing well the day before was slashed in half because of a tweet.

      No company that was doing well with good fundamentals was slashed in half in one day because of a tweet.

    10. I sold 10K worth of alphabet calls that I made 110% on. Freed up 21,000. Sucks they were up over 200% at one point but alphabet keeps getting hit and I will gladly get back in.

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