Nitter link to video: https://nitter.net/MorePerfectUS/status/1910340290260463771#m
The market surge added over $300 billion to the collective wealth of the world’s top billionaires in a matter of hours, according to Bloomberg. Shortly before announcing the tariff pause, Trump posted to his social media platform that it is a “great time to buy” stocks, prompting accusations of market manipulation.
A video clip of U.S. President Donald Trump openly boasting about enriching his billionaire friends is drawing outrage as the administration faces growing scrutiny for possible market manipulation and insider trading in the aftermath of his partial tariff pause.
“He made two-and-a-half billion today,” Trump said in the Oval Office on Wednesday, just hours after announcing the pause, “and he made $900 million.”
“That’s not bad,” the president added.
Making money from swings in the stock market is just stealing money from the people who didn’t choose as wisely.
There is nothing “choose wisely” about getting an insider tip from the President.
Even if the average American got the same tip, there is no way they could have made even close that much.
You need to be a soulless parasite, grifting and leeching for decades prior to have the capital to cash in that big from an insider tip.
Futures with intraday margin is a hell of a drug
With the fear of a resession or depression, many average Americans more then likely panicked and withdrew their investments understandable.
This caused the markets to go down, and then simultaneously allowed investors and trumps buddies to buy up stocks “at a discount”.
Now the people hit the hardest are the ones that withdrew when the markets were already down.
Sell low and buy high is definitely not the recommendation.
Yes, wisely was a poor choice of word. The intent of my post was on “stealing” not on “wisely”.
You might have a point about retail investors vs ‘smart money’ institutions - if you ignore retirement funds.
That’s who they’re actually stealing from via insider trading. Both individual 401(k)s and state/industry run like the California Public Employees fund are in the stock market. Good luck asking your employer for an old school pension, where your retirement is secured, regardless of market change. YOU now hold that risk.
The people who don’t have Bloomberg terminals or the myriad of subscription news/insight feeds, are the ones hurt the most by this kind of insider trading.
Sell low buy high is my motto.
Disclaimer: I am not a financial advisor, I am a ape.
You sound like a bear with identity crisis.
sorry
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I fail to see how the word “stealing” could possibly be construed as anything positive. They are obviously using the system to prey on all the other people who put their money in the stock market.
My fault, it read as advocating for the wealth transfer. Stealing isn’t enough of a signal unfortunately, banks and lenders and brokers view retail investors with contempt.