Summary
Fox News openly blamed Donald Trump for Monday’s stock market crash, with the Dow dropping 890 points and the S&P 500 falling 2.7%.
The Dow is now 1,500 points below where it was when Trump took office. Analysts cite his chaotic messaging and steep tariffs on key trading partners as driving investor uncertainty.
Trump refused to predict a recession, calling it a “transition,” while his officials gave conflicting reassurances.
Treasury Secretary Scott Bessent warned of a “detox period,” further fueling market fears.
The funny thing about buying the dip is that sometimes the company is just fucking failing and is up to its eyeballs in debt, so you don’t even get a cash out.
And if it wasn’t in debt, it will be when the corporate raiders finish transfering their own debt to it.
That’s why I’m in index and mutual funds. I didn’t do well with picking single stocks.
No one does well with picking individual stocks, any more than someone does well at playing the lottery. Even the people who win just got lucky.
Professional stock traders frequently lose to random chance engines like a hamster in a ball or an octopus touching coloured tiles.
The only way to reliably succeed at owning individual stocks is to be wealthy enough that you can massively diversify your portfolio. The rest of us should just buy VGRO.