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Stock market today: S&P 500, Nasdaq plunge, Dow drops 1,500 points as Trump's tariffs rip through markets worldwide

Callen said:
Yeah right back where we were 5 months ago. No doubt Trump will screw it up again July 9th with his new round of stupidity......unless he pulls a TACO
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It's looking better since Canada tacoed, again (no surprise) on their tariffs.

Not looking great, but looking better.
 
BabaVoss said:
Trump is lying when he says " we are charging them". Period. We are not charging other countries anything. We are charging the American companies who are importing products. They, in turn, will pass on the additional cost to its customers / Americans,

It's a tax.
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Raising taxes always raises prices.

Only dishonest people deny this.
 
Metric Mouse said:
It's looking better since Canada tacoed, again (no surprise) on their tariffs.
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It's delusional to think pausing the DST impacted the stock market.....and silly to grab a totally unrelaed post to try and make a lame point.
 
Callen said:
It's delusional to think pausing the DST impacted the stock market.....and silly to grab a totally unrelaed post to try and make a lame point.
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Why wouldn't stocks for companies that were expected to lose 3 billion dollars, and now won't, not rise?

This is exactly the trade deals that this entire thread is about.
 
Metric Mouse said:
Why wouldn't stocks for companies that were expected to lose 3 billion dollars, and now won't, not rise?

This is exactly the trade deals that this entire thread is about.
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Yes the thread but not your post...enjoy your games
 
Desert Storm said:
DOW is almost at a record high

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Yes and the market also made record highs during Hoover's presidency, in the months leading up to the stock market crash and the Great Depression. Of course don't let actual history get in the way of what you want to believe. Isn't that why historians are just another group of experts who need to be brought to heel and taught the meaning of MAGA.
 
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We're always making new highs. That's what markets do. On average, a new S&P high occurs about every two weeks.
 
Mulefoot said:
We're always making new highs. That's what markets do. On average, a new S&P high occurs about every two weeks.
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Where were you between 2000 and 2007? Waiting for a new high then was like waiting for the Great Pumpkin. 😆
 
Callen said:
Yes the thread but not your post...enjoy your games
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But my post was about pausing taxes that would have affected these companies?

Why would lowered taxes on certain companies not cause stocks to rise?
 
Ahlevah said:
Where were you between 2000 and 2007? Waiting for a new high then was like waiting for the Great Pumpkin. 😆
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What until someone brings up 2022 to 2024.

Seemed a lot longer waiting for the market to rise, at the time.
 
Relsdm said:
If ever there was a case of wrongful conviction, I believe this is one of those.
Just from what she wrote we do know this is what she claims. She doesn't remember when it occurred. There are no witnesses. She somehow ended up in a dressing room with Trump.
Let's say she is truthful up to this point. How did she get there? If he didn't drag her, she went willingly. If he did drag her there, I am to believe he stopped with groping?

If I did not see lies levied at Trump ever since he announced running for President, I may give some sympathy for her claims. It is very difficult for me to believe claims against Trump when I hear everyone crying wolf all the time. So as a reasonable person, yeah I have serious doubts in her story.
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Face facts: Trump bragged on national TV about doing the sort of thing he was found liable for. Several other women have accused him of the same or similar things. And as to lies levied against Trump, he has far out-levied anyone in the lie-levying field.
 
Do you know how really truly hard it is to bankrupt 6 businesses? For this to happen you have to be truly greedy, moronic and have no ability to learn from your mistakes. You have to not only be a world class liar, you have to, at some point, start to believe your own lies. Super human powers of rationalization are required to make it happen. Even more bizarre is the fact that, in each case, Trump bragged about how fabulous the business was doing and how fabulous he was at running it right up until the moment he had to file. We are now seeing these abilities being directed at our country. There is no telling the havoc he can cause with the power of our entire Government at his disposal. All of the bizarro abilities possessed by Trump seem to have been inherited by his entire MAGA following of bigots. His 1% followers believe that all of this will just help to transfer more of the soon to be defunct middle classes wealth to them. The wealthy used to believe that they did better as the country did better. That, of course, was before they learned that it was easier and more lucrative to simple transfer wealth from the masses to themselves. All it has taken is for Trump and them to misdirect them was by appealing to the copious numbers of bigots in our country. Trumps real super power was in his ability to appeal to all forms of bigotry and to get all of them into one big tent.
 
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SayMyName said:
How ya doing?

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www.cnn.com
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Where else are investors going to put their money right now, I guess. I think we're going to see a rethink in the coming months as the job market continues to cool and consumer spending cools with it.
 
multivita-man said:
Where else are investors going to put their money right now, I guess. I think we're going to see a rethink in the coming months as the job market continues to cool and consumer spending cools with it.
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Gold and T-bills. 😆

Ted Oakley, who grew up dirt poor but founded and is the managing partner of Oxbow Advisors, an Austin, Texas-based investment management firm that caters to high-net-worth households, fits the definition of a patient, bottoms-up, value-oriented investment manager who doesn’t think this is the time to assume excessive risk. I agree with him.

 
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