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Originally Posted by Firebot
Stock market (more specifically NASDAQ at almost 3% down right now) appears to be in a free fall this morning with TSLA shaving off another 8% and falling fast.
I moved most of my funds to cash last week and the rest to European markets looking to avoid the US market completely and minimize exposure until something breaks and reevaluate. Probably many doing the same. How long until companies knock at Trump's door to stop the bleeding?
Frankly I feel the market is just hoping somehow things will be alright...somehow and that Trump isn't completely sabotaging the economy. I don't think this will last long and it will give out (versus Trump suddenly not being insane).
TSLA now down 40% YTD
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It's rare that a president can have such immediate and dramatic affects on the economy and stock market. Normally, the impacts of government's actions are seen a year or two down the road.
He's actually managing to shrink the economy and increase inflation simultaneously with all of his policies.
I don't spend much time looking at Project 2025, but I guess one outcome they are trying for is to destroy everything and try to build it back up the way they want it.
The only plausible explanations for what he's doing is to purposely destroy everything, or just gross incompetence.