President Donald Trump said Thursday he will delay a threatened strike on Iran’s energy infrastructure and extend his deadline for Tehran to reopen the Strait of Hormuz until April 6.
  • fizzle@quokk.auEnglish
    22·
    5 hours ago

    As someone who doesn’t understand the arcane and subtle inner workings of “wall street” I’m just going to ask the obvious: why TF can’t wall street people just ignore Trump’s lies like everyone else?

    Or is it just because everyone is bedding down on Thursday night thinking “yeah Trump might tweet something when he’s on the shitter in the morning so better reduce my holdings and see what happens”

    • blackbeans@lemmy.zipEnglish
      15·
      4 hours ago

      Traders react to what they think is going to happen, not what is currently happening. Also they usually do not trade as emotionally, but rather based on processed information.
      It becomes clear that this war is going to last and oil supplies will be further delayed, lowering economical prospects worldwide, which causes the market to react. A volatile market also creates some opportunities for profit as traders can gain both when the market value increases and decreases, depending on how they are trading (although it also increases risk). If you are skeptical, market manipulation is also a possibility as Trump administration is already being investigated for this.

    • MrSulu@lemmy.mlEnglish
      18·
      5 hours ago

      Very sadly, Trump is only interested in personal gain, buying and selling base upon his choices. The rest of the US is going to be recovering for decades

  • edgemaster72@lemmy.worldEnglish
    24·
    6 hours ago

    I’m sure his big, beautiful war will be over within two weeks. Just two more weeks bro, it’s gonna be so good you guys. We’re gonna be winning so much you’ll be tired of all the winning, bro.

    • TheTechnician27@lemmy.worldOPEnglish
      23·
      6 hours ago

      It’s sad but true: until such a time as the US markets bounce back, Trump really did rape those children and try to cover it up. About 3500 more points to go.