The Stock Market Crashed …Because Of One Guy…On Purpose.
Long week.
I am headed home from New York and pretty sick. I have never lost my voice but whatever this virus is, it crushed me.
Yesterday it felt like we could crash and we ended on the lows in a miserable cascade. Today was worse.
A few charts to give you a feel…
My Koyfin desktop (blood red)
The $VIX at highs not seen since COVID and the 2008 Financial crisis
There was intense panic selling today…
Have no fear, Trump is golfing and tweeting in all caps from his money burning company Truth Social …
The $VIX is now 37 and Fat Nixon is on his app calling world leaders chicken and stupid in cap lock.
— Coronado ‘Porch’ Lindzon (@howardlindzon)
2:22 PM • Apr 4, 2025
I am a conspiracy theorist when it comes to markets. I assume they are rigged. Someone always knows. Follow the money.
First Trump ‘launched’ a memecoin. He says he knows ‘nothing’ about it other than he launched it. A grift/money grab that he admits launching but knows nothing about.
Now he launched a trade war and the market is screaming ‘stupid’, but all he screamed about today was for a FED rate cut.
Nobody really knows what the hell he is thinking, but the people around him are all jockeying for pre pardons so you won’t hear much of a peep. He has already handed out the craziest pardon in financial history to Trevor Milton.
Craziest pardon in finance history.
— Chris Camillo (@ChrisCamillo)
1:25 AM • Mar 28, 2025
There is someone on the other side of this trade and I imagine at some point they have to cover. I worry of course there are hedge funds now betting that Trump will keep doubling down on and the markets will force someone to play chicken. The lows could be much lower. Not pleasant.
He will have a wonderful weekend knowing the financial and business world is watching him.
It is pretty twisted.
