How many had SPY puts
I’m too regarded to understand puts. I only buy calls.
If I had balls I would have. Can’t gamble our house money though. I did sell near the top.
Corrupt and shitty government? How is this even news?
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Yep I could see the fall coming a mile away. Sold near the top. I didn’t expect such a rapid recovery but I’m not going back in, I think the next drop could be even worse. Like think depression not recession.
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We haven’t even seen any real effects of the tariffs yet. The last time a US administration did this, it caused 10 years of some of the worst economic downturn in world history - the Great Depression.
It’s simply unbelievable that that would occur.
- Make illegal any trading by legislative/judicial/executive and anyone closely linked or related
- There is no #2
To enforce #1 we require they move all investments to a market-wide USA ETF (or US bonds) before they can take their position and disallow sales or any unscheduled purchases while they hold that position. If they’re not comfortable investing in the market they now have a part in keeping healthy then they are absolutely welcome to hold it as cash.
Doesn’t it undermine your faith in leadership knowing the people you vote for are capable of paying attention?
Trump rolled out tariffs 8 years ago and they fucked the economy. Trump went on and on about tariffs, AGAIN, and a bunch of people connected the dots and sold. YEARS after the first round of tariffs.
Only psychopathic greedy corrupt assholes could figure out how to sell stocks in time. Nobody else could have seen it coming.
TL;DR:
Over a dozen U.S. government officials and congressional aides sold stocks just before Trump’s major tariff announcements, which later caused market drops. While there’s no proof they used insider info, the timing is extremely suspect
Officials who sold their stocks include a White House lawyer, a State Department official, and a Trade Representative director selling shares before key announcements. Experts argue such trades undermine trust in government and markets.
I’m in favour of banning government members from trading stocks, but it didn’t exactly take an insider to predict that the tariffs would bring the market down.
it didn’t exactly take an insider to predict that the tariffs would bring the market down.
Nope, but it took an insider to know the timing before everyone else and thus get a head start before things start plummeting. There’s a shitload of money to be pilfered that way.
He was publicly raving about enacting tariffs before the tariffs were officially announced and in place. The only people that didn’t know they were coming were those not paying attention and the willfully ignorant.
Why wouldn’t they? Americans continue to allow it.
Corruption!
Little late on this, but okay.
Well, duh! It was obvious Stock Manipulation Fraud from the beginning. He even put out a tweet saying that it’s a good time to buy, just a few hours before he postponed his most recent tariffs.
Yeah they’re allowed to do it because our silly little outrage is meaningless. Oh, we’re disgusted? “Lol stay poor libs.”
The Art of the Grift.
