• AbnormalHumanBeing@lemmy.abnormalbeings.space
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    11 days ago

    At this point, I am convinced it’s a pump and dump scheme, still ongoing, too. It only takes a few people in the know of when and where the news break about the tariff supsension, to seriously make a killing on the market, on the backs of others. Trumpists can now also (for a while) feel like their God has saved them again and never steered them wrong, or curse their momemts of doubt, when they did not buy yesterday, as their prophet called for.

    It is a mixture of incompetence, impulsivity, but I am certain at this point, a huge chunk of it is outright corruption and cult tactics.

    • Asafum@feddit.nl
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      11 days ago

      I honestly believe it is intentional as well. The 90 pause that went around social media the other day wasn’t a mistake it was a leak.

      They’d be stupid to not be financially gaining from their intentional manipulation. We hired an entire administration of grifters, what else should we expect?

      • henfredemars@infosec.pub
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        11 days ago

        He literally announced on Truth Social now is time to buy right before he announced the change.

        There’s no arguing about it. The intent is to manipulate the market to make his friends rich.

    • Zorg@lemmy.blahaj.zone
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      10 days ago

      2+ million shares of SPY were traded in 3-4 minutes an hour before it broke. Had been pretty much flat since opening for the day. It’s fucking blatant.

      2+ million shares of SPY were traded in 3-4 minutes an hour before it broke. Had been pretty much flat since opening for the day.