Tomorrow 4/7/2025 when Great Depression 2.0 begins?

[Anonymous]

Anonymous wrote:

Anonymous wrote:If it takes a crash to make MAGA go away, then so be it.

Do they care about the market? Do most MAGA even have investments or a 401k ?

The wealthiest 10% in America hold a record 93% of all household stock market wealth. No, they don't really care about the stock market and you can't really blame them. Working class Americans have been screwed for decades by fat cat Wall Street banksters. It's the billionaire class that cares about the stock market.

We need Bernie Sanders.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If it takes a crash to make MAGA go away, then so be it.

Do they care about the market? Do most MAGA even have investments or a 401k ?

When the market crashes, the downstream layoffs will impact them. 401ks don't matter when you don't have a job.

[Anonymous]

P/E ratios over 18x have never been sustainable. Ford currently at 5x is a steal. Too bad the anti Trump crowd doesn't understand.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

But we're winning!!!

https://cleantechnica.com/2025/04/05/china-just-turned-off-u-s-supplies-of-minerals-critical-for-defense-cleantech/

Wow.....

Yeah everyone should read this.

OMG.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If it takes a crash to make MAGA go away, then so be it.

Do they care about the market? Do most MAGA even have investments or a 401k ?

The average MAGA cult member probably does not actively invest but may have a 401k. However, being in a cult, they are sticking by their leader. The rich Trump supporters who secretly loathe him and think he's an idiot will be fine and are taking advantage of the current financial situation as only they know how and can afford to.

Middle class, small business MAGA are the ones that are going to get hurt.

No, literally everyone is going to get hurt. Growing wealth does not trickle down, but loss of wealth floods the lowlands with polluted, toxic waves.

[Anonymous]

Anonymous wrote:P/E ratios over 18x have never been sustainable. Ford currently at 5x is a steal. Too bad the anti Trump crowd doesn't understand.

Do you understand how little most people in the country live on? The margin between scraping by and destitute is screen thin. That margin is not going to hold. Your Ford stock being a steal is not good for the little guy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If it takes a crash to make MAGA go away, then so be it.

Do they care about the market? Do most MAGA even have investments or a 401k ?

When the market crashes, the downstream layoffs will impact them. 401ks don't matter when you don't have a job.

2008 affected plenty of regular people. It will eventually trickle down to them. When hundreds of thousands of people get laid off, they stop getting their hair and nails done, they stop going on vacations, they stop eating out, and they stop getting home renovations. People should not take a recession so lightly, the social effects are horrible. High divorce rates, the birth rate is going to tank lower than it already is, mental health issues and substance abuse issues tend to trend up as well. This is not good.

[Anonymous]

Anonymous wrote:P/E ratios over 18x have never been sustainable. Ford currently at 5x is a steal. Too bad the anti Trump crowd doesn't understand.

Well then load up on F. But, if you do some research, you will find that Autos often trade at single digit PEs at peak earnings, right before earnings decline and the PE expands dramatically.

[Anonymous]

S&P dipped below 5000. Ouch. We had hit 6000 within the last six months. It’s come down so fast. Eleven months of growth wiped out in three days.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s starting to look like there may not be a bottom. It also looks like nothing is going to stop it

Unless the entire stock market goes to zero there is always a bottom. Basically, the entire stock market going to zero only happens when private industry is 100% nationalized or a government completely collapses.

Is that not what maga is trying to do now.

[Anonymous]

Anonymous wrote:I am sure his followers will praise Trump. It’s going to be bad, very bad.

Of course they'll praise him. They don't invest or have 401k accounts, so they don't care. They see it as owning the libs.

I've seen so many MAGA messages like:

Can't lose your money when the stock market is crashing if you never put any in.

and

Oh, you lost $9,000 today? Boo hoo. Try losing money for 1460 days in a row when Biden was in office.

[Anonymous]

Anonymous wrote:The question is: How do we get the GOP to stop this?

Congress has to get involved and say tariffs were not passed for a national emergency but Mike Johnson doesn’t want to

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am sure his followers will praise Trump. It’s going to be bad, very bad.

Of course they'll praise him. They don't invest or have 401k accounts, so they don't care. They see it as owning the libs.

I've seen so many MAGA messages like:

Can't lose your money when the stock market is crashing if you never put any in.

and

Oh, you lost $9,000 today? Boo hoo. Try losing money for 1460 days in a row when Biden was in office.

MAGA may not have 401ks (a bit of a stereotype because many do...) but they shop and see prices. Everything is about to get a whole lot more expensive for everyone.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am sure his followers will praise Trump. It’s going to be bad, very bad.

Of course they'll praise him. They don't invest or have 401k accounts, so they don't care. They see it as owning the libs.

I've seen so many MAGA messages like:

Can't lose your money when the stock market is crashing if you never put any in.

and

Oh, you lost $9,000 today? Boo hoo. Try losing money for 1460 days in a row when Biden was in office.

MAGA may not have 401ks (a bit of a stereotype because many do...) but they shop and see prices. Everything is about to get a whole lot more expensive for everyone.

....and also, the layoffs will hit them downstream. The distraction with "they don't have a 401k anyways" is beside the point when you live paycheck to paycheck, your paycheck goes away, and the administration in charge will also likely reduce unemployment benefits because they view you as "lazy" after they also caused your layoff.