Trump is at it again. Black Friday is damn true.

Today's market was outrageous. The SPY crashed the moment it opened, the Nasdaq fell almost 2.6%, and the Dow Jones plummeted over 600 points, all because Trump made a crazy announcement that morning about imposing "massive tariffs" on China, citing the rare earth issue. He implied that China was using rare earths to "control the global supply chain." The market immediately imploded. The algorithmic market crashed, and retail investors followed suit, panicking. Tech, semiconductors, and manufacturing sectors were all decimated. Ironically, rare earth and mining stocks actually rallied. Isn't that ironic? Didn't we just go through this in April? Back then, he also mentioned tariffs, sending the market into a panic, only to crash and then recover. This time, it felt similar, only louder and the drop was even more severe. Honestly, I'm not surprised at all. Having been in this business for 20 years, I've seen this kind of drama countless times. When the news breaks, everyone jumps on it, no one looking at the fundamentals. A company that was doing well the day before was slashed in half because of a tweet. I reduced my holdings a bit today, but I didn't sell. I kept some cash and will see how things play out next week. If it drops another 2% or 3%, I might start slowly adding to my holdings. This isn't a systemic crash, it's just panic. If there's anything I can really learn, it's this: don't jump in when others are collapsing. Black Friday is great, and everything is discounted right now, but don't buy everything. You have to figure out which stocks are truly valuable and which are just discounted junk.

Posted Oct 10, 2025, 7:26 PM UTC

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