• Mk23simp@lemmy.blahaj.zone
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      4 days ago

      Imagine if he waits for people to panic and sell off and then buys back into the market.

      In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they’re an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.

      • 5C5C5C@programming.dev
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        4 days ago

        I imagine this should count as illegal stock market manipulation, but the government would be too toothless to prosecute it.

        • Passerby6497@lemmy.world
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          4 days ago

          I imagine this should count as illegal stock market manipulation, but the government would be too in on the scam to prosecute it.

          FTFY

        • excursion22@piefed.ca
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          4 days ago

          This is the government’s favourite sport. What do you think all the tariff announcements and later withdrawals are doing?

        • BarneyPiccolo@lemmy.today
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          4 days ago

          The MAGA government will get in on it. Trump will probably make some kind of ridiculous statement to kick off the plunge, so they can all profit on the slide, and rebuy at the bottom, and recycle the bubble.

    • sp3ctr4l@lemmy.dbzer0.com
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      3 days ago

      Yep.

      I read this and actually said aloud “Oh Dear God.”

      I mean, I’m a poor, I don’t have… a pension, investments, I’ll be lucky if my net worth ever exceeds the FDIC guaranteed $250k…

      But uh yeah, yeah, if you have any uh, exposure to the stock market… uh, good luck!

      Have fun realizing you were actually just barely less poor than me, this whole time.