• Showroom7561@lemmy.ca
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    6 days ago

    Oh, so a real 90-day pause, after the fake 90-day pause was leaked yesterday?

    This is market manipulation.

    • Rhaedas@fedia.io
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      6 days ago

      It certainly is being used like that for those who are able. I’m convinced though that it’s complete incompetence surrounded by people who don’t dare say anything negative about his tactics (well, the ones who aren’t enjoying it for various things like the power trip, money, etc.). My reasoning - he’s not just affecting the stock market numbers, he’s completely destroying things that do make the country prosperous.

      When a bull storms into a china shop, you don’t claim that he doesn’t like a certain brand of crystal and he’s just knocking them over to increase the value of the rest of the store inventory.

      • henfredemars@infosec.pub
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        6 days ago

        He posted that now is the time to buy right before the pause.

        Is clearly, inarguably intentional. Unless it’s some kind of joke I’m too poor to understand?

        • Rhaedas@fedia.io
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          6 days ago

          That certainly was intentional. It’s a no-brainer even for him that when the line is down him backtracking will bounce things up some. Whether or not this whole thing is for that purpose or not, let’s just say that as market manipulations go, it’s pretty terrible to have to break everything to make a buck.

    • MacroCyclo@lemmy.ca
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      5 days ago

      It does certainly rhyme with what Elon doea with Tesla stock and dogecoin, but this time its with the entire economy of the US.

      At the same time, it also seems like we are inching towards normalization of relations with the US, so I really hope this keeps up.