this post was submitted on 09 Apr 2025
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[–] leisesprecher@feddit.org 22 points 2 weeks ago (13 children)

One part is a reverse game of chicken, buy the dippest dip to realize most profit from less dippy dip buyers.

The other part is the assumption that this means the tariffs will never actually come or at least in a much relaxed form.

[–] CanadaPlus@lemmy.sdf.org 21 points 2 weeks ago* (last edited 2 weeks ago) (12 children)

The vibe I get is that most elites really don't want to believe the president could be dumb, because that means they could be too. Elites own and/or work with a lot of stocks, and that extends to their investing decisions.

So they figure, sure, it must just be a 4D chess bluff.

[–] leisesprecher@feddit.org 2 points 2 weeks ago (6 children)

And you really think "the elites" are the ones buying and selling here?

Yes, they have a lot of wealth in stocks, but usually they simply own a large chunk of their (or their parents) company and the rest is managed by a fund manager. And if you have millions or billions, you don't need to think quarter to quarter.

[–] CanadaPlus@lemmy.sdf.org 7 points 2 weeks ago* (last edited 2 weeks ago)

Wealth is a continuum; there's no actual dividing line, like is commonly thought. But just personally, the posher people I know are less bearish, and it looks like the trend continues once you get even higher. Big fund managers tend to be in the picture. I don't know off the top of my head how much movement is professionals and how much is retail investors.

I feel the need to disclose that I'm personally short on the US, relative to other markets.

Edit: And I should also mention the myth of meritocracy has a wide following, it's just extra favoured by the people who would be implied to have merit by it. And there's the fact that most people came up in a time where this sort of thing never happened, so there's normalcy bias on top of it all.

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