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Dow down another 1500 points Sunday evening.

T

The Hairy Fiddler

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Congressional GOPers know damn well that Americans won't tolerate another week of the stock market crashing.

If the markets are towering inferno bad again tomorrow, there's gonna be alot of GOPers calling Trump and telling him to stop his Tariffgeddon or else they'll start siding with the Dems in taking legislative action to halt it....and any threat of "I'm gonna see you primaried!" won't work either. Having voters pissed off at 'em scares them more then any electoral threats from Trump.
 
ScrambledEggs said:
Starting to look like panic... capitulation this week.
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Is it a panic when people finally say I'm tired of Trump throwing away my money? There is a breaking point when people come to their senses and say enough is enough. The Titanic will continue until Trump calls off these ****ed up tariffs that have been proven to be disastrous over centuries.
 
The Hairy Fiddler said:
This is exactly right and why I keep saying the military needs to remove him.
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If Congressional Repubs would grow a spine and throw him out of office already, we could cut our losses and start over with Vance.

But they're too chicken to do that.
 
That's what capitulation is. Everyone who will sell sells. Those who bought start with a newer long term cost basis. This doesnt seem to be a long drawn out sell of like the dotcom bust given the deep volatility.

I dont have a crystal ball obviously but I doubt anyone who is that scared will be in the market by EOW.

Edit: consider after black monday, the sp500 rose 10% over the next few months and capped in year 2000 at height of dotcom bubble
 
Isidore said:
"GREAT JOB NUMBERS, FAR BETTER THAN EXPECTED. IT'S ALREADY WORKING. HANK TOUGH, WE CAN'T LOSE!!!" – DJT
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Watch where the job numbers are in one month. Just brutal as thousands of companies slash their workforce because of tariffs. Its absolutely inevitable.
 
The Hairy Fiddler said:
MAGA's losing more and more of their retirement money.
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I don't know about that.

On the several MAGA sites I recon, the public commenters seem to be voraciously cheering on the "Fall of Wall Street".

I mean, there's some serious cheering.

So I'm not sure the incidence of MAGA stock-ownership is as prevalent as we may think,

Anecdotally we see MAGA's on DP that claim they own no stocks, and we see others with no knowledge of 401K's and other portfolios.

62% of Americans may own equities, but we don't know if that cuts across the political divide to MAGA.
 
exoplanet said:
Real damage has already been done.

Countries and corporations are going to be seriously thinking about how to Trump-proof themselves and reduce any dependence on the US.
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I agree, the markets are just trying to price out the risk now and form a new baseline. What's the foreign policy saying, there are weeks where decades happen? Same thing applies to markets.

COVID sell off happened over ~1.5 months. Once it hit bottom, the SP500 rallied over ~10-15% in a matter of days and it was mostly uphill from there.

Bottoms tend to reverse quickly. It's very hard to time a bottom.

S&P 500 - 100 Year Historical Chart

Interactive chart of the S&P 500 stock market index since 1927. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value.
www.macrotrends.net
 

We're not at the bottom. That's the scary thing.

And we won't be if these tariffs stick.
 
exoplanet said:
It's not the entire economy, but everyone I know near retirement age is shitting a brick right now because the consequences on their retirement plans are very, very real (unless something drastic happens like Trump walking this back).
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One of my neighbors, a pretty solid Trump guy, recently retired, shocked me this morning by coming-out against Trump. He was seriously pi****, and mincing no words, red-faced and raising his voice.

I don't know if I caught him on a bad day, or what? But I was blown-away by him coming-out against Trump. Double-blown-away that he was so vehement!

So, yeah. Some MAGA might actually have limits.
 
Phys251 said:
We're not at the bottom. That's the scary thing.

And we won't be if these tariffs stick.
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I don't think we are at the bottom yet either. I just think we may see some heavy capitulation this week, and begin to see the bottom forming.

To clarify I'm not making a prediction with my money, I don't play the game, I just buy & hold and sell if I have a bill to pay. No timing from me. But it's fun to think about.
 
exoplanet said:
Real damage has already been done.

Countries and corporations are going to be seriously thinking about how to Trump-proof themselves and reduce any dependence on the US.
Click to expand...

Bingo!
 
exoplanet said:
It's not the entire economy, but everyone I know near retirement age is shitting a brick right now because the consequences on their retirement plans are very, very real (unless something drastic happens like Trump walking this back).
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Many of them have tough decisions ahead, but the ones we should really worry about, have chronic health problems. Oh they are hanging on for now, but their backs, knees, hearts, and yes their minds are getting compromised, and they simply do not know if they can hang on another year or two. The Boss has been noticing that they are slowing down, can't lift as well, or stand for as long as they are supposed to. Maybe they are calling more often with more medical appointments, maybe their dexterity or fine Moter skills are impacting productivity.

What answers do they have, if they won't meet a definition for 'disabled' and bosses and colleagues can't be patient forever? They need to reach into their savings until they can qualify for social security or to supplement if their hours get cut, but that check is also on suspect ground.

People cannot work until they are 75, if their health does not permit the option.
 
Come on my friend, you can read through that bullshit. Nobody wants to lose 20% of their money. Nobody. Anybody can say anything on the internet. And remember, lying as a daily habit is par for the course for these mini Trumps.
 
Everyone has a breaking point.
 
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