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Forum => Kenya Discussion => Topic started by: RV Heavy Hitter! on March 04, 2025, 02:58:30 PM

Title: Tarriffs are slowly wiping people's wealth out
Post by: RV Heavy Hitter! on March 04, 2025, 02:58:30 PM

The S&P 500 and other indexes are experiencing a significant decline, while most stocks are experiencing a rapid decline. I suspect 1 trillion in wealth has disappeared in the last few days, but incompetent media is not talking about it. Soon, it could be time to sell and hold cash if it continues to drop. 401(k) and other retirement plans will soon be raided, which may trigger more selling. Time to be a bear with at least 40K to keep daily trading and harvesting going!

Title: Re: Tarriffs are slowly wiping people's wealth out
Post by: gout on March 04, 2025, 04:44:23 PM

Econ 101: Numbers on a computer are not wealth. Anybody can be shorted. It is all perceptions.

Title: Re: Tarriffs are slowly wiping people's wealth out
Post by: RV Heavy Hitter! on March 04, 2025, 05:34:09 PM

Quote from: gout on March 04, 2025, 04:44:23 PM

Econ 101: Numbers on a computer are not wealth. Anybody can be shorted. It is all perceptions.

Numbers on stock are real wealth, sir! If you had 400K in your portfolio when Biden was president, you now have about $343,000. One stock, PLTR, alone has vanquished people here; they are screaming at their computers. 120+ to 80 in record 19 days. Tesla 400+ to 270 and still bleeding. Elon has lost $130 billion since Trump's inauguration. That is real money, not numbers on computers.