this post was submitted on 13 Feb 2025
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KEY POINTS

  • Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
  • Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.
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[–] withabeard 182 points 1 week ago (5 children)

Who's to bet a load of shares get bought up, then suddenly this announcement is rescinded?

[–] [email protected] 51 points 1 week ago (2 children)

Playing the market based on the insanity dripping out of this guy daily, not a bad plan. If only there was some actual rhyme and reason to what he does.

[–] [email protected] 17 points 1 week ago (1 children)

The market manipulation is the rhyme and reason.

[–] FlyingSquid 1 points 1 week ago (1 children)

You give Trump's dementia-addled ramblings far too much credit.

[–] [email protected] 6 points 6 days ago

He's just the puppet at this point.

[–] MrEff 12 points 1 week ago (1 children)

I was already going hard on AI stock, then day of inauguration when he sent the clear message of where tech companies stand in running this country I dumped ALL investment money into AI stock. If I have to live in this hellscape I better at least get to retire in it.

[–] abrake 27 points 1 week ago (1 children)

My brother, have you heard about the benefits of diversification? If you want to retire at all, don't put all your eggs in one basket.

[–] [email protected] 33 points 1 week ago

If I invested in eggs I wouldn't be in this mess!

[–] [email protected] 20 points 1 week ago (1 children)

Everybody was panic buying ! Those stocks were fast as lightning!

[–] someguy3 14 points 1 week ago (2 children)

In fact the buying was a little bit frightening.

[–] TheDoozer 6 points 1 week ago

But AI had expert timing.

[–] MasterBlaster 1 points 1 week ago* (last edited 1 week ago) (1 children)

Everybody was kung fu fighting.

[–] [email protected] 10 points 1 week ago* (last edited 1 week ago) (1 children)

I bought lockheed martin call options after the way the steel markets rebounded

Edit: just checked volume on LMT. 2.4M today vs an average of 1.35M. Yeeeeeeah. Lot more buyers than usual today

[–] [email protected] 4 points 1 week ago

Yay for incredibly immoral investments. It's disgusting how stock trading has been gamified and divorced from what it actually is, owning and supporting a company.

[–] [email protected] 8 points 1 week ago

Since the entire thing is contingent on China and Russia agreeing to half their defence budget too, the only thing to bet on is when it will be rescinded.

[–] rayyy 1 points 1 week ago

Work it baby, work it. Insider trading on steroids, or rather Adderall.