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Thu Mar 22, 2018, 03:43 PM

Wall Street is nervous about a trade war: Dow plunges 600 points

This discussion thread was locked as off-topic by muriel_volestrangler (a host of the Latest Breaking News forum).

Source: CNNMoney

The Dow dropped more than 600 points, or more than 2%, on Thursday, underlining growing concerns among investors about looming tariffs on China.

The S&P 500 was down 2%, and the Nasdaq almost 2%.

"A global trade war, whether it's real or perceived, is what's weighing on the market," said Ian Winer, head of equities at Wedbush Securities. "There's this huge uncertainty now. If China decides to get tough on agriculture or anything else, that will really spook people."

Trump announced tariffs on about $50 billion worth of Chinese imports on Thursday afternoon. It's not clear which products will be hit, but the action is aimed at curbing China's troubling theft of US intellectual property.

Read more: http://money.cnn.com/2018/03/22/investing/dow-jones-trade-war-china/index.html



It's being called various things by various people. 'Trade War', 'Tariff Plan', "not a trade war" ....

Free trade has been the mantra since WWII ... except for Nixon's 10% tariff an all imported goods:

https://thefaintofheart.wordpress.com/2016/04/15/remembering-1971-richard-nixon-and-tariffs-david-glasner-also-don-trump-is-a-creampuff/

For people of a certain generation, the brilliant, cunning, yet curiously tone-deaf and self-destructive Richard Nixon, U.S. President (1969-1974), is a bottomless well of interesting stories.

Remembered by a dwindling few is that Sunday of August 15, 1971 when Richard Nixon slapped on a 10% tariff, or import surcharge, on nearly all goods entering the United States. Hard as it is to believe today, Nixon also instituted nationwide wage-and-price controls, and took the U.S. dollar off of gold.

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Reply Wall Street is nervous about a trade war: Dow plunges 600 points (Original post)
bucolic_frolic Mar 2018 OP
George II Mar 2018 #1
CountAllVotes Mar 2018 #2
bucolic_frolic Mar 2018 #3
George II Mar 2018 #4
bronxiteforever Mar 2018 #5
Dopers_Greed Mar 2018 #6
politicaljunkie41910 Mar 2018 #7
muriel_volestrangler Mar 2018 #8

Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 03:45 PM

1. Not that I'm rooting against it, but it's now about 650, could reach 700.

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Response to George II (Reply #1)

Thu Mar 22, 2018, 03:46 PM

2. 674 now

Faux POS & the American people pay the price!



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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 03:47 PM

3. There went 700

approaching 750

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 03:47 PM

4. Just hit 700, went from -630 to -701 in four minutes.

And now -740! This is unprecedented.

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 03:48 PM

5. Trade wars are easy to win! So much winning!

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 03:49 PM

6. How long until the Boomers start jumping from the Trump Train?

Since they are nearing retirement, these hits to the stock market are probably destroying their 401k values.

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 03:52 PM

7. Down 700 pts. I'm sure those working class folks who managed to sock away a few dollars for

their retirement appreciate his continuing to do things that keep f'ing with the market.

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 03:57 PM

8. Locking - duplicate thread

of https://www.democraticunderground.com/10142020999 . Please continue discussion there. Thanks.

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