I have no idea how while Trump is a) ripping out the underpinnings of constitutional law which, in turn, is all that holds up all other laws (including transactional) in the US AND b) ripping apart the post war Western defense alliance leaving Europe and Australia completely exposed and vulnerable AND c) going to impose global reciprocal tariffs, which are going to kill trade and plunge the country and the world into the greatest economic depression (coincidentally) since the 1930's, how the market isn't down 75% - 90% by this point. Hopes & Dreams? Hallucinogens? Heroin?
What power on earth is allowing Hedge Funds, Banks and Small Investors the justification to keep betting on an underlying business system which is literally being pulled apart at the seams with no real hope of being functional shortly. How is this happening. It's like I'm taking crazy pills every day. The market should look at what Trump's already done (much less what he still promises to do) and say, whoop that's us, we're audi, this is insane, we can't trade our value as a corporation any longer, we don't know where supplies, labor, administration, distribution, sales, or any law governing any of it stands, we have to pull all our monies out, and put them someplace safe like our pockets.
What is happening to keep the market propped up, when literally everything, everywhere that it needs for stability in projected earnings is being hollowed out beneath it?
edit 2/20 : lol edit 2/21: lol
yes financial value isn't intrinsic, it's created, but it's created by group acclimation, a thing is worth what a) someone of a group of someones says it's worth AND by b) a second group who is willing to pay what the first group has valued that thing at, for that thing. but it's an understanding, which is based in observable, recordable, and prooveable metrics BASED equally on the intangible of trust in the underlying business system upon which it is offered. That second bit can't exist in the current environment, when the Constitution and all law based on it, are becoming meaningless.
You kind of get it with your own answer but are refusing to see it.
Why hasn't the market dropped yet with all the fuckery going on in DC? Because the impact of said fuckery has not occurred yet. Let this be a chance for some awareness of your own personal information bubble and possible over doom scrolling.
This is not saying this administration isn't going to cause some terrible shit. It just hasn't stuck yet. Nothing the administration has done has prevented Microsoft or Google or Netflix from collecting their subscription fees. The closest thing so far has been tariffs that came and went.
For the record, they were only delayed for 30 days, not cancelled.
Also, Trump just announced some more today, so that's fun.
You're right that the actual brunt of the effects haven't hit yet, though.
This is s completely incorrect take on the stock market.
Rule #1 of the stock market is that none understands how it responds to inputs.
Rule #2 is that it attempts to factor in future expectations, so if you wait for something to happen, the impact is already accounted for in the price if the stock.
Market frenzy, people piling on when FOMO takes over, etc all make it impossible to have any level of certainty. So it's a valid question to ask why all of the current fuckery has not translated into market chaos.
My reply addresses this with your 2nd point. What I'm trying to say is that maybe the market did factor in the fuckery and has so far believed it to be a nothing burger.
Everyone could be wrong, of course, but so far that is what the markets indicates. So naturally the follow up questions should be, are the markets wrong? Or am I (OP) consuming too much media from my bubble which is overexaggerating the doom and gloom?
The people with the money are the ones running shit. Everything works until they say it doesn't. Or until we all do.