Aged Like Milk

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A community dedicated to all those things in media and elsewhere that didn’t stand the test of time, at all.

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Avenging5@sh.itjust.works

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its not even 24 hrs (sh.itjust.works)

submitted 5 days ago by RelativeArea1@sh.itjust.works to c/agedlikemilk@sh.itjust.works

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[–] billwashere@lemmy.world 94 points 5 days ago (1 children)

Oh he had a reason.

Donald Trump posted on his social media platform Truth Social that “THIS IS A GREAT TIME TO BUY!!!” at 9:37 a.m. on Wednesday, just hours before announcing a 90-day pause on most tariffs, which significantly boosted the stock market.

The fucker is insider trading in fucking broad daylight. This is like the most blatant market manipulation I’ve ever seen.

[–] PolarKraken@sh.itjust.works 28 points 5 days ago* (last edited 5 days ago)

I called this shit from the beginning, that the tariff bullshit was just a legit-seeming way to make the market do stuff he could easily predict (by directly causing). Didn't realize he was literally communicating, nakedly, when to buy and sell though. Fucking WILD. And I promise before long he uses that exact mechanism to do the opposite thing and fuck all the folks who get used to listening to such announcements.

And nothing will be done. Stock market itself is such a fuckin scam, and I say that as a dude with a 401k.

Edit: actually, to add, one thing I didn't notice initially is that these naked manipulations, with some ability for randos to profit too during the ride, that really has the Musk stink all over it. Same shit he's gotten away with often, just now with the goddamn US President as the mouthpiece, scamcoins and all. Truly bananas, where we're at.