General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDow does not like the new tariffs from China -706.49 (2.93%) at 1.30pm
Last edited Mon Apr 2, 2018, 02:31 PM - Edit history (2)
Should be one hell of a day
More winning from the Con
beachbum bob
(10,437 posts)Amazon
Tariff war US will lose bigly as anything we sell can be bought somewhere else but what we buy is mostly made in China. US farmers could take a bigger hit.
malaise
(269,200 posts)Approaching -500
onenote
(42,778 posts)Have a look
blake2012
(1,294 posts)onenote
(42,778 posts)And over 900 points higher than Monday's low.
So maybe the "ha ha ha" also was premature?
malaise
(269,200 posts)that ha ha ha.
onenote
(42,778 posts)It's tempting to see where the market is at a particular point in the trading day and assume that whatever direction it's heading is the direction it will continue to head.
On Monday, the downward move of the market was followed closely and even described by some as a "crash". The fact that it began to recover and continued to do so on Tuesday -- not a lot of posts about that.
And today folks saw the futures market and the early movement of the market as, once again, evidence that the market was tanking. But by the end of the day? Not so much.
The market is down over the past several months, which should be shocking to no one -- it was inflated and everyone knew it and that makes for volatility. That volatility is accentuated because people still react to a move of 300 points the same way as they did when the market was 6000, when in fact a move of 300 points is not nearly as significant when the market is at 24,000.
DemocratSinceBirth
(99,716 posts)blake2012
(1,294 posts)Which was the day before Trumps big tariff announcement re: aluminum and steel.
This is not going to work economically. But I see how it would work for him politically with the meatheads who dont understand cause and effect of protectionism.
DemocratSinceBirth
(99,716 posts)-John Maynard Keynes.
But Trump hasn't repealed the law of economics.
beachbum bob
(10,437 posts)market hate this and could easily spin out of control with a 30-40% correction in next few weeks. Today was 730pts....trump adds more fuel to fire and china says no more US treasuries....crash US markets
bigtree
(86,006 posts)...still not enough to actually check though.
Is this getting through to his rich sycophants yet?
Hoyt
(54,770 posts)talking nukes and conventional war as a bullying tactic. Then, it's all going to start crumbling faster.
It's time for Mueller to submit a preliminary report with whatever he has.
awesomerwb1
(4,268 posts)1500 points. Otherwise this is absolutely nothing.
BoneyardDem
(1,202 posts)On March 9 it it was 25,336
as of this posting it is 23,663
its down almost 1700 points
it was well over 26,600 in January
I'd say this is something.
awesomerwb1
(4,268 posts)BoneyardDem
(1,202 posts)while I agree a correction was due, I was responding to you 1500 drop posting.
BumRushDaShow
(129,608 posts)http://money.cnn.com/2018/02/28/investing/stock-market-february-dow-jones/index.html
a week after a couple of our favorite billionaires announced plans at the end of January to create a new healthcare organization, although business pundits seem to suggest it had to do with attempts to stimulate the labor market with what will be more debt... as well as jitters resulting in the end of QE.
Then it recovered somewhat, but recent trade news has pretty much wiped out those gains.
Yavin4
(35,446 posts)That's one correction that's way over due.
blake2012
(1,294 posts)Ilsa
(61,698 posts)That's next
Brother Buzz
(36,477 posts)I don't know what is happening in the Pork Bellies market.
malaise
(269,200 posts)like that Con supporter Joni Ernst.
BumRushDaShow
(129,608 posts)(497.96 at post time)
malaise
(269,200 posts)More winning from the Con
malaise
(269,200 posts)Damn
and 3 mins later -558
malaise
(269,200 posts)Crazy
BoneyardDem
(1,202 posts)Tatiana
(14,167 posts)Thank goodness my entire retirement is not invested in the market, but how much more of this can we take?
Will middle-class America watch everything vanish before they decide they've had enough of this "pResidency?"
question everything
(47,544 posts)He no longer talks about the market, of course. And, I suppose, his base does not invest but when will Ryan and Turtle realize that tanking the market IS a threat to national security and finally start impeachment?
malaise
(269,200 posts)They are all approaching retirement age
malaise
(269,200 posts)Believe me
Gothmog
(145,631 posts)C_U_L8R
(45,021 posts)This clown has no idea what he's doing
malaise
(269,200 posts)expect consequences. When you impose tariffs on goods from China, expect them to do the same to you.
He's a fucking idiot with no sense and an obsession with vengeance.
workinclasszero
(28,270 posts)Enjoy those Chinese tariffs on your hogs and produce Trump loving farmers!
malaise
(269,200 posts)workinclasszero
(28,270 posts)moondust
(20,014 posts)Who fired the first shot?
malaise
(269,200 posts)Fuck the Con!
workinclasszero
(28,270 posts)Dow Jones minus 661
NYSE minus 329
NASDAQ minus 228
malaise
(269,200 posts)Approaching -700 now
-675.75 (2.80%)
workinclasszero
(28,270 posts)Lots of republiKLAN voters are getting their 401K's decimated though.
dalton99a
(81,632 posts)moondust
(20,014 posts)There is some history of insider trading based on knowledge of pending government action.
malaise
(269,200 posts)Damn!
Achilleaze
(15,543 posts)Freaking republicans need to shut up, sit down, and resign from all positions of authority...Sad.
UCmeNdc
(9,601 posts)Except lining his own pockets! Corrupt!
malaise
(269,200 posts)according to Ali Velshi
MoonRiver
(36,926 posts)TNLib
(1,819 posts)One day he's backing off Tariffs and then next he's doubling them. He's such a nut bar I wish someone would lock him in a padded room with a straight jacket and put duck tape over his mouth for the rest of his term.
malaise
(269,200 posts)Damn