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Dow down another 1500 points Sunday evening.

ScrambledEggs said:
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.
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It's not fun for me. It's not fun for millions of Americans who rely on a steady economy, which tRump has destroyed through his tariffs.
 
Chomsky said:
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.
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You are seeing a lot more people being confused and saying they didn't vote for this.

They didn't vote for mycroft policies. They voted for stability and prices to go down.

They voted wrong
 
ScrambledEggs said:
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
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It appears U.S. Crude futures have just taken a dive to below 60 bucks.

I might otherwise have started a thread on it, but with all the economic threads I don't think we need another one.

But if anything feeds the recession narrative, it might be Crude.

Here:

(CNBC) U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears
 
Can someone answer a question?
I am conducting political research and struggle to understand why the VAT (Value Added Tax) system that a majority of the globe has is fair for the United States. I know VAT does not = Tariffs. However, it still appears to be a trade barrier, based on my research. So why are they or aren't they a trade barrier?
 
The Hairy Fiddler said:
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.
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I think you missed the over-arcing thrust of my post.

I'm not sure the distribution of those Americans having exposure in the market (62%) distributes evenly across the political divide.

Do we know a significant number of MAGA own stocks? 'No', we don't (know). It may only be a minority percentage.
 
ScrambledEggs said:
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.
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Yours strikes me as a reasonable position.
 
The Hairy Fiddler said:
This is exactly right and why I keep saying the military needs to remove him.
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Not until the process outlined in the Constitution has been allowed to run its course. Otherwise tRump is right, we are a banana republic.
 
EnchantedMuggle said:
In total dollars? Yes.

In percentage of Americans? 62% of us own stocks. That's a LOT of people being ****ed out of a retirement right now.
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I know very few people who aren't invested in the market one way or another, either directly or through mutual funds.

None of them are in the top 10%.
 
Watching Bloomberg "Circuit breakers triggered for TOPIX futures". Japanese's markets limit down.
 
tshade said:
.and to think, NONE of this was necessary. Things were fine back in November. All Trump had to do was nothing.
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He could have done what he did the first time around: Take a good Democratic economy and claim it as his own.

This time, he destroyed it all on his own.
 
The Hairy Fiddler said:
This is exactly right and why I keep saying the military needs to remove him.
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The congress ought to remove him, or remove any hint of making unilateral tariff policy at the very least.
 
NOLA Dude said:
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That's great and all, but this affects more than just the financial elites since reaction to the stock market changes how companies expand and contract their workforce based on what direction things are going. The stock market is not the economy, but it affects how whole industries react, which is why the stock market reacts is important. In this case, it's a change to the costs of many companies on the stock market and how the price of their products are going to be affected based on broad tariffs.
 
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