No. of Recommendations: 3
<<He let everyone know.
THIS IS A GREAT TIME TO BUY!!! DJT
Apr 09, 2025, 9:37 AM Eastern>>
Yeah, he let "everyone" know who's on the social media feed he owns. Great way to build a following as an influencer, I guess. Not such a great way to President.
I didn't say it was a great way to be president. I was only reacting to someone else saying Trump let his friends and family know to buy at the lows. Nothing to do with liking him or agreeing with him. It was just a factual observation.
Zooming out a little bit more, for those paying close attention, the signs were all building up that the situation was becoming unsustainable and a policy reversal announcement was imminent. Credit spreads and treasury yields were going up basically vertically on Tue night. Bill Ackman begging for a 90 day reprieve, Jamie Dimon saying we are going into a recession, a big but brief spike on Monday morning based on a rumor of a 90 day pause, what Bessent was saying in his interviews (forget about Lutnick and Navarro .. pay no attention to them) etc. I won't rehash everything here, but Trump's tweet was just one sign in a long list.
I am not saying any of this is great. However, for those who were looking to profit from the uncertainty, the signs were definitely there.
You are not going to get low prices unless some bad is happening. The key is to make a judgement that the situation is temporary, then hold your nose and buy.
