Jump to content

Recommended Posts

Posted
UUUU has been as low as $15.76 today and, normally, I would be a buyer at that level. However, the Supremes take up the legality of Trump‘s sweeping tariffs tomorrow and if they rule against the president, it is going to get ugly for anyone long the stock market.

They won’t rule until next year though, right?
Posted
1 hour ago, scottsins said:


They won’t rule until next year though, right?

Technically, the Supreme Court has until next July to rule.  However,Jeffrey Schwab, senior counsel at the Liberty Justice Center, a constitutional rights law firm representing companies in the case said, “ It’s very reasonable to expect that this will be decided before the end of the year, if not much, much earlier than that”.

Posted
6 hours ago, bluto said:

I mean shit, the last ten months have been NOTHING but uncertainty and look at what the markets have done. Additionally it would generally remove the uncertainty of whiplash capricious tariffs going forward. As of today the corps are looking at the already paid tariffs as money gone so getting a refund would bolster them. Throw on no tariffs = lower price inflation and I see it as overall positives.

of course, scotus will prob say he has the right to enforce tariffs individual tax payers not just countries/industries. the market will prob bounce 3% one way then slingshot the other within hours bc that’s what we do. 

I don’t think it would remove the tariff whiplash uncertainty. The Court is looking at his authority to impose tariffs under IEPPA. However, there are other potential statutes which could be used to impose tariffs and while not as flexible/easy, that would likely keep these tariffs threat of tariffs around. Lastly, doesn’t Wall Street operate under the TACO principle and therefore tariffs don’t matter?

Posted

Ok, new stonk friend found.  IBRX is gone never to be mentioned again, bought a few hundred shares of PINS today after a solid quarter which got them decimated this morning (actually down 20 percent at one point).

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...