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This is my thought exactly.

I watched Steven Colbert yesterday saying that this large of a fuck up is proof there is no deep state. While I get his point, I disagree. If there is someone in the shadows pulling strings this was the intended outcome.

It's pretty well known that in trading markets, there's almost always something that goes up when everything else drops like a rock. Even as such, moving money to be liquid right before a steep drop off, then buying up all the formerly high-value stocks at bargain basement pricing, and just waiting for the rebound, is a legit strategy. Having foreknowledge of such an action is considered insider trading however. Realistically, insider trading is difficult to prove unless the perpetrator is an idiot.

Whether you call it the deep state or the 1% or oligarchs, or simply "rich assholes", if you believe there is a group orchestrating things, then you beat believe this was the intended outcome.

Another one from 2012:

Now we know why he's keeping Elon around, he needs a lift.

Yes and the same last month, and the month before.

Do some paper trading when he does this. See how much money you could make if you buy who he is fucking just to turn it around the week after.

To be fair, the market is roughly at where it was in September (pending further tanking). So, not a huge difference...yet.

Got my family out last year, I commute back and forth.

There is something really sick about watching this from overseas, like watching paramedics carry bodies out of a car crash.

But it was no fun when I was there.

Fucking morons shooting themselves in the balls to look tough.

No imagine what evil he could do if he didn't spend 90 % of his waking time golfing!

And he was very quick about it. I have never seen anyone deal so artfully before. /s

Be fair, it did take a long time to undo all that...
He's been back in office an astonishing two months. That's a lifetime!!

It disappeared now. When COVID hit I upped my contribution just to max out when the market was at a low.

The only way for the 401k to disappear entirely is if the entire economy is royally, never before seen fucked and completely collapses. At that point retirement if probably not a possibility anyways.

Any other situation you're essentially 'buying the dip' and will see the returns years from now. Although if you're looking to retire anytime in the near future it will likely be a huge hit on what you can take out.

Switching from pensions to 401ks was one of the greatest swindles of the 20th century.

It's funny seeing how this generation grasps for morsels. Big reason why I don't respect ya'll.

Lack of education, bo lack of racism

And people still thinks he is playing some sort of 4D chess. My friend in Georgia mentioned that people around her says Trump is creating a dip, so that federal reserve will lower interest rate.

Yes, because president can fire tons fedral workers, can send secret police to abduct people, but cannot control the federal reserve, and have to play stagnation or bust.

Racism.

The south started a war and killed 600k Americans for racism.

It's all some of them care about, it's their alpha and omega.

Its Russia in the 90s all over again. Must be a coincidence that the Russian mafia-turned-regime they're so chummy with, got its foot in the door and secured its power through an almost identical move.

Im wondering if America will have its equivalent of the 1999 Apartment bombings.

This is apparently a fake tweet. An archive of the actual tweet corresponding to that datetime is here.