You will be shell-shocked by this. Eric Trump was dead wrong. By “dead,” we mean financially, should he have had any stocks in the market. We do understand that the sniveling little shit surely sold his stocks on inside knowledge before the crash, probably bought some good ones, but we can at least play “pretend,” only a little better than he played pretend.
Does anyone remember this?
https://twitter.com/MollyJongFast/status/1241852700775583744
Yeah, hmmm, let’s figure out how that mighta’ been a bit wrong. Let’s see, he is being nice and giving some financial advice to people who aren’t quite as “tuned-in” as him. After all, like his dad, this guy’s a very serious businessman, very rich, which translates into “very smart” in cultist.
So we expect him to give great advice. (No, we don’t, but we’re playing pretend.)
On February 28, 2020, Eric says he would be “all in,” which Eric probably doesn’t know means “move all your money into the market.” Here is Eric’s advice on that February 28th, 2020:
The Dow Jones Industrial Average (DJI) plunged 4.4% or 1,190.95 points to close at 25,766.64. The S&P 500 plummeted 4.4% or 137.63 points to close at 2,978.76. Meanwhile, the Nasdaq Composite Index closed at 8,566.48, shedding 4.6% or 414.29 points. Feb 28, 2020
finance.yahoo.com › news › stock-market-news-feb-28-143502111
Soooo, the Dow was 25.8K rounded up, and on Friday the Dow fell below 20K for the first time since Trump has been president. This means, in 20 days since Eric went “all in” – meaning all his money – Eric has managed to lose a little over 20% of his money … in 20 days.
Putting it in another way, if Eric had $25.80 on February 28th, he paid over $5 to exactly nobody since that point in time.
Buutttt one caveat. This little fcker likely had some reaally good inside info, dumped some stocks, and bought a ton of others, and likely made some money since then.
It’s a lot easier to be “all in” when you know a bunch of things no one else knows. You just can’t tell ’em beforehand. Someone’s gotta get rich off this disaster.
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Peace, y’all
Jason
jmiciak@yahoo.com and on Twitter @MiciakZoom