Stocks Go On A WILD Ride And Fake News Gets PUNKED Badly!
Fake news shook markets for trillions!
Before noon, the gloom-and-doomers were calling the economy cooked… and that was just the FIRST of several plot twists through the day.
By the end of the tumultuous day, the markets shocked all the alarmists by finishing back on track.
JUST IN: Stock market bounces back while more than 50 countries, including Japan and the EU, have contacted the United States to negotiate deals on tariffs.
The Trump effect at work. pic.twitter.com/lXzqEepZtH
— Libs of TikTok (@libsoftiktok) April 7, 2025
With all the swings we saw through the day, that result was all but unthinkable just a few hours earlier.
The beginning of the drama, from the opening bell, the markets turned blood red. This mirrored what was happening in other markets thorough Asia and Europe. Headlines touted that we were seeing the biggest crash since Black Monday in 1987. Covid and 2008 were invoked.
They told us it was The End.
For some combination of comic relief and real material losses, along came a Bloomberg tweet that changed everything. For a couple of minutes, anyway.
Not only did they run bogus news, they ripped off other people’s reporting without citation. You might expect that from an online aggregator, but from a corporate news outlet and a wire service? Total amateur hour.
What were the impacts of running that fake news? Financial whiplash in the trillions of dollars, setting records for market swings.
Leading that same social media account to make a quip and then update it afterward:
Why did the markets (mostly) bounce back?
Let’s let President Trump answer that in his own social media post:
Japan is in talks with USA. Europe is talking about changing our trade relationship.
If the goal was putting peoples’ feet to the fire to force a meaningful conversation of what an equitable trade relationship looks like… we’re just taken a huge step forward in that goal.
And what is China doing in response? The funniest thing ever.
They are blocking Hollywood from access to US markets.
Oh, no, Mr Xi, sir…
Don’t make Hollywood less dependant on pleasing Chinese censors and more responsive to the preferences of the American public.
How could we POSSIBLY recover from such a blow?