KEY POINTS
- Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
- Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.
Oh if anyone is going to be successful in Kennedy-ing a President, it would be the military-industrial complex.
Keep cutting spending Donald, you’re doing a great job!
Who’s to bet a load of shares get bought up, then suddenly this announcement is rescinded?
Everybody was panic buying ! Those stocks were fast as lightning!
In fact the buying was a little bit frightening.
But AI had expert timing.
Everybody was kung fu fighting.
dude, if you don’t have anything to contribute just don’t type
Dude… WHOOOSH!
No I got it, the song.
The thing is the first two posters changed the lyrics to fit the topic.
You just typed the lyrics to the actual song.
I bought lockheed martin call options after the way the steel markets rebounded
Edit: just checked volume on LMT. 2.4M today vs an average of 1.35M. Yeeeeeeah. Lot more buyers than usual today
Yay for incredibly immoral investments. It’s disgusting how stock trading has been gamified and divorced from what it actually is, owning and supporting a company.
Since the entire thing is contingent on China and Russia agreeing to half their defence budget too, the only thing to bet on is when it will be rescinded.
Work it baby, work it. Insider trading on steroids, or rather Adderall.
Yes please cut defense spending in half.
Twice.
So… a quarter of the original left?
Yeah then do it again!
Do it infinite times!
Whelp, he’s toast. The last Prez to threaten that got domed while visiting Texas.
Bush threatened that. Then 9/11 happened.
Literally was listening to NPR on the way to work that day and Rumsfield was on talking about making cuts to the military.
Here’s hoping 🤞
Spot on. Johnson got the message and the 12 years were spent in SE Asia. In this case, the AI sector, especially Palantir Technologies, will be just as pissed off.
Wow, they tanked *checks notes* 1.6% and 3.6%. Woooow
They probably shorted them first
I’m guessing this is all just a ploy to make Lockheed, Northrup, and Raytheon kiss the ring.
Next week, all the classified work will be contracted to them for a steal of only thrice the price, but only once they’ve publicly kissed his ass enough.
I don’t like it when I agree with the general notion of something Trump says or does. Makes me feel dirty.
Broken clocks. If its any consolation he could be, variously-
- Floating random shit. Common Trump talk.
- Actually wanting to weaken the U.S. militarily, to the benefit of his leash holders.
- Fishing for bribes.
Wait until you see how i gets halved. Im willing to bet they axe the VA, any scholastic programs, ROTC et al as most policies are about destroying America.
Thats the magic of trump though, when he’s vague about things he can sometimes spin them as something agreeable. My guess is he’ll keep the regime change bullshit and nix stuff like burn pit procedures, ukraine support, and veterans benefits
He’ll direct the savings to creating a new internal police force.
Putler told Trump to disarm the US lol.
Would be a good thing if it would actually happen but we all know it won’t. Happy to be proven wrong however
The military is a jobs program. It’s paying for a ton of education and scientific research too. The first thing to go is going to be the scholarships not the guns.
If he actually tried to follow through, there would actually probably be a military coup.
In America.
If he actually halves Pentagon Spending, that would be… the first good deed he’s ever done.
I can see him doing away with seasonal clock shifts by accident at some point.
He never will. He sent a message for weapon manufacturer CEOs to chip in, and off course they will gladlyl buy him just like how silicon techies did
Exactly, this is just fishing for a bribe, just like the tariffs. Bribe Trump enough and your program or industry will get a loop hole or passed over for 6 months or whatever.
Well, couldn’t the M1 Abrams be replaced with cheaper Tesla cybertrucks?
“Sir, half of our swastitanks have burned to the ground.”
“Who attacked them?”
“Attacked?”
It just rained sir.
nooooo!! my lockheed shares!!!
Are you kidding … who the hell believes anything this idiot says any more. If any one does, then you are just as dumb or dumber than this orange cheeseball.
He is the master of deception, lies and misdirection … he’ll say one thing, everyone panics and runs around scared or angry and while they panic, he goes behind everyone to pull off some cheesy lame ass scam that would have been easy to stop otherwise but he gets away with it because everyone is preoccupied.
The stocks will jump up and down at his every whim and because he is the one directing the show, he’ll profit by betting on when the fall occurs and when the rise returns. He’ll skim off everyone’s wealth over and over again until we’re all bled dry.
There was a post just a day or so ago that was basically saying it was time to buy Raytheon:D
