Dow down another 1500 points Sunday evening.

[RedFishBlueFish]

It's all self inflicted, just so that Trump can have world leaders kowtow to him.

I think that's part of it. Trump loves the idea that other world leaders will have to negotiate (from a disadvantaged point) with his staff. He'll see it as they have "come begging".

Trump's narcissism, greed, and need for revenge are now completely unbound. It's a very bad sign that he no longer cares about the market crashing.

 

[RedFishBlueFish]

Navarro believes Dow will hit 50K before the end of Trump's term.

This is the asshole responsible for much of this. He has really pushed the tariffs and Trump, who already thought they were a good idea, went wholesale on them.

Navarro is a pig. Like Trump.

 

[eohrnberger]

It is the barometer.

Yes, I'd agree that the stock market is a barometer of sorts. But a barometer of what, exactly?
I think the stock market is a barometer of what the large hedge fund managers are feeling, and not much more.
I mean, what else would you include as major factors which influences the stock market?

 

[ScrambledEggs]

Yes, I'd agree that the stock market is a barometer of sorts. But a barometer of what, exactly?
I think the stock market is a barometer of what the large hedge fund managers are feeling, and not much more.
I mean, what else would you include as major factors which influences the stock market?

Growth prospects relative to the "risk free" 10 year treasury

 

[ttwtt78640]

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.

IMHO, folks care more about the price of gas, electricity and groceries than what the stock market is doing.

 

[tharock220]

Bought shares of a leveraged inverse etf last week to hedge my long positions. These things aren’t meant to be held long. I just need figure out when to sell.

 

[j brown's body]

IMHO, folks care more about the price of gas, electricity and groceries than what the stock market is doing.

The stock market dive is due to the unpredictably Trump has brought to the economy and while it begins with the stock market, it is apt to spread to investment in businesses. No one likes to invest in a volatile market subject to the whims of one man. And then, they say, the tariffs will raise prices.

 

[eohrnberger]

Which doesn't even matter to old Trump voters who have to sell stock (their pension plan/401k) every month to eat/pay rent/etc.

Relying on 401k money to pay for eat/pay rent/etc. is good financial planing in your mind? Is the most common case?
I'm skeptical that either are.

But, hey, they still have Social Security at the moment.

 

[Jezcoe]

Yes, I'd agree that the stock market is a barometer of sorts. But a barometer of what, exactly?
I think the stock market is a barometer of what the large hedge fund managers are feeling, and not much more.
I mean, what else would you include as major factors which influences the stock market?

Trump single handedly destroying the global supply chain is a major factor in influencing the stock market.

 

[ScrambledEggs]

Relying on 401k money to pay for eat/pay rent/etc. is good financial planing in your mind? Is the most common case?
I'm skeptical that either are.

That's like...the whole point of retirement accounts.

 

[Jezcoe]

That's like...the whole point of retirement accounts.

Hey,. Trump erased in a few days trillions of dollars of wealth.

Think of the growth oppurtunities!!!!!

 

[noonereal]

Don't be so easily offended. @noonereal was just predicting the future.

No, he was stating a fact.

 

[j brown's body]

Yes, I'd agree that the stock market is a barometer of sorts. But a barometer of what, exactly?
I think the stock market is a barometer of what the large hedge fund managers are feeling, and not much more.
I mean, what else would you include as major factors which influences the stock market?

Markets don't like volatility.

 

[ttwtt78640]

The stock market dive is due to the unpredictably Trump has brought to the economy and while it begins with the stock market, it is apt to spread to investment in businesses. No one likes to invest in a volatile market subject to the whims of one man. And then, they say, the tariffs will raise prices.

Hmm… I thought the stock market was an investment in businesses.

 

[Lord Tammerlain]

So you hate the rich?

 

[HenryChinaski]

IMHO, folks care more about the price of gas, electricity and groceries than what the stock market is doing.

Those people care about the stock market as much if not more because the health of the stock market directly affects their retirement investment savings and when they are going to retire.
The stock market is a direct indicator or the overall health of the economy and a reflection of the prices of gas, electricity and groceries.
If the markets keep tanking, I'm going to have to postpone my retirement date by 3 years.
This is ****ed up dude. Trump is ruining the lives of millions for no reason.

 

[Paradoxical]

Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates: Live updates

Trump posted on Saturday to Truth Social for people to “hang tough” and that this was an “economic revolution.”

www.nbcnewyork.com

Endless bottom. MAGA's losing more and more of their retirement money.

The well healed 401Kers are fretting and thinking this is it. The End Times as predicted.

Revelations 6.6 "Then I heard what sounded like a voice among the four living creatures, saying, 'Two pounds of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!'”

and Matthews 24.7 "Nation will rise against nation, and kingdom against kingdom. There will be famines and earthquakes in various places."

There were earthquakes in Myanamar, Malibu, Papa New Guinea and even Georgia!!!!
And just yesterday a liberal poster said there is now food insecurity all over the world because of cuts to US AID

If you spell US AID backwards you get DAISU meaning this is end of US AID and end of DAIS for U. It couldn't be any clearer. This is it.

 

[CaughtInThe]

Relying on 401k money to pay for eat/pay rent/etc. is good financial planing in your mind? Is the most common case?
I'm skeptical that either are.

Wait. So you actually don't know how tons of MAGA retirees survive.

Wow

 

[eohrnberger]

That's like...the whole point of retirement accounts.

Once, having been retired, yes. But not prior to that.

Further, its not like retirement accounts are going to be drained by this overnight either.
Retirement accounts are typically drawn on for years on end until passing, at which point, they become part of the deceased estate.

 

[eohrnberger]

Trump single handedly destroying the global supply chain is a major factor in influencing the stock market.

I'm sure you are absolutely positive that the sky is falling too.

 

[j brown's body]

Robert Reich obviously doesn't have his retirement savings invested in the stock market.

Reich isn't referring to current conditions in that tweet. its over a year old.

 

[j brown's body]

Hmm… I thought the stock market was an investment in businesses.

Right. So you can see the trickle down effect. Businesses don't like volatility either.

 

[hecatmoggie]

such buying opportunities come around once every 6-8 years

we'll look back in 2028/2030 and think " dang, the DOW was at 37,500 and we wasn't buying? how stupid were we "

 

[phoenix2020]

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.

I agree with @Chomsky - we have MAGA on this very site claiming that 401ks are for the “elites” - there is a very real possibility that most MAGA do not own any stock. Be it @eohrnberger or @Paradoxical or @NOLA Dude, it’s increasingly clear that these MAGA have never owned stock, never formed a retirement account and may not yet have even entered the workforce. Markets could take a 70% haircut and they’d all be wondering what the fuss is about.

 

[HenryChinaski]

Relying on 401k money to pay for eat/pay rent/etc. is good financial planing in your mind? Is the most common case?
I'm skeptical that either are.

Most pensions are gone, they went the way of the dinosaur. 401K's are the primary tool available and used by most individuals in the working world as a means to save for retirement. You contribute as much as you can out of your paycheck, as you earn more money, you contribute more.
The earlier you contribute, the more that you will have.
When the markets are doing well, your gains go up, but instability will drop your gains like a rock.
Yeah, people's 401k's savings are the funds that they will use to eat and live on, that's the point to them.
Trumps idiotic and unnecessary actions are directly altering the course of the retirements and livelihood of millions of people.