Ask Lemmy

I agree with you and I am trying to take advantage of it. Bought SPY calls @570 for tomorrow. I imagine by Friday it will drop substantially again.

The problem is not Trump. America would be in the same predicament no matter who was leading or what party or what ideology they had. Obama hit the nail on the head when he talked about the dangers of financializing America - making money on money instead of making product. A substantia portion of the American GDP has nothing to do with generating tangible wealth, it is a result of inflating paper wealth - the value pf stocks, the price of gold, the value of real estate, the interest payments from other people on borrowed money, interest on your savings account that is only as valuable as the bank that holds the account. None of this wealth can actually buy anything tangible, except more paper wealth. Eventually, the country begins to look like Musk - on paper, enormously wealthy, but in terms of liquid money, unable to buy very much. Musk has to use his paper asset wealth to BORROW real money on, if he wants to do anything big.

Generally, Trump is not alone. All of America is just running around stupidly cuckoo crazy because they realize there is not a single thing they can do to actually stop the decline. They are in pure panic mode, grasping at anything that comes along, and panic is always chaotically unpredictable except for the nature of the outcome.. All they can do is to position themselves individually so that when the country goes 'splat' they have a chance of surviving.

For Canada to avoid the splat, we need to put as much distance between us and the 'splat' as we can, instead of being at ground zero of the impact.

Yah, I'll trust him like running into a dog that nipped my hand before.

Your title makes it sound like you think the S&P is going to get a lot higher. This is because you mention growth, then use a tip of the iceberg analogy, which suggests that the rest of the iceberg is more growth. If you wanted to suggest a crash, you should have used a different analogy.

Alot has happened in the last 6 years that has financially changed the world. Corona virus and the breakdown of global supply chains. Biden froze Russia's investments in US treasuries resulting in the weaponization of the global reserve currency at the start of the Ukrainian war. Further trust was eroded by Trump and his abandonment of previously agreed upon trade deals and imposing tariffs of varying degrees that are adjusted at will, per emotion. Whatever your political leanings you best get ready for some difficult times as the world loses faith and trust in American global leadership.