Getting tired of living through these record days.
DOW Futures down another 1600
- Thread starter 615dawg
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Are we GREAT AGAIN yet?
Hey, don't worry about it! It's just a flesh wound. 'Tis but a scratch!
50 years from now, we are all going to look back on this a laugh! Smoke our Cuban cigars (made of Kentucky grown tobacco and rolled in Little Havana), sip the best single malt Scotch whiskey to ever come out of the Arkansas Highlands and laugh!
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I'm not very happy, but as the man said, when a patient has surgery, there is a recovery period.
Hoping.
Just looked at my stocks, and fortunately they are down less than .50 cents (after Hours/ Pre market)
Hoping.
Just looked at my stocks, and fortunately they are down less than .50 cents (after Hours/ Pre market)
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I just read the Iranian rial has now dropped to 1,043,000 per US dollar a new all time record low, partially due to plunging crude prices.
Iran is now petitioning mediators to open talks with the U.S. to discuss sanctions on the country.
Iran is now petitioning mediators to open talks with the U.S. to discuss sanctions on the country.
It's going to be interesting to see how the repressed populaces of many of these countries react to their overlords once their slave labor is no longer the global competitive advantage it has been.
I’ve lost a month of NIL for a Heisman contending quarterback in the past week.
I’m looking at everything I own. As I stated in an earlier thread, I sold all but ten shares of every stock I owned two weeks ago. I had reached my limit of what I was willing to lose. More tariffs will automatically hit wednesday so I’ll just be waiting and watching for a few more days.
Futures trading suspended.
We put a game show host in control of the global economy. Buckle up.
We put a game show host in control of the global economy. Buckle up.
Y’all act like the market going down is a bad thing. It’s just an opportunity waiting to be taken advantage of!
What does post recovery look like? Prices for almost everything are about to sky rocket. Even if some manufacturers move back, do prices suddenly drop after a company spends millions on CAPEX?
I’m no expert in this at all, but from my view, there are 2 outcome: 1) prices skyrocket and there is marginal to no new manufacturing jobs; 2) prices skyrocket and there are manufacturing investments. In scenario one, I’d assume the tariffs eventually end and we go back to the way we were but after we tanked the economy and stock market. Scenario 2, the prices are the new normal and we did all that for a few more $50k a year jobs. I’d love to be wrong, but I just don’t see it. The customers I have that import stuff don’t have much of a choice but to raise prices of their end product. I’ve not heard a single customer say they are about to spend millions on a new plant.
Sucks if you’re retirement age. I get it. Jobs report was great. Inflation falling. There are some positives that can come from this like rates falling and I’ve seen speculation of refinancing debt that could be the catalyst for the markets rebounding.
My worry is that the reciprocal tariffs were so dramatic because the administration was overconfident that everyone would be crawling to us looking for a deal. While it has happened with some smaller players like Cambodia and Vietnam, China retaliated big time and now the EU is doing the same.
it wasn’t expected and they don’t know what to do. Maybe this noise is over in a week, 30 days, 90 days, but with tomorrows implied opening, nearly $5 trillion of wealth has disappeared in three days.
Not much we can do other than shut up, hold on and hope we keep our jobs.
it wasn’t expected and they don’t know what to do. Maybe this noise is over in a week, 30 days, 90 days, but with tomorrows implied opening, nearly $5 trillion of wealth has disappeared in three days.
Not much we can do other than shut up, hold on and hope we keep our jobs.
Oops, that happened to me but I'm a contract consultant so it's not uncommon.
I’m a simple man, and copper futures down 8% doesn’t sound like anybody thinks a bunch of manufacturing facilities are about to get built.
During the dot com bust the NASDAQ lost 78% from its peak and tariffs weren't a factor then. It was really incredible how fast it went up and back down, but there wasn't mass unemployment.
You could be farming right now. Things look greeeeat.
Grandma said never plant before Easter.
Thankfully nothing planted and the farm is currently underwater. 12 inches of rain.
I will be surprised if any of these tariffs are still in place in a month. Well, probably the China tariffs that were already in place before this started, but otherwise I dont think this lasts very long.
I wonder how many realize they voted for this, something that didn't remotely happen in Term 1
I suspect that even if we stay in a trade war and get some incremental capital investment because of it, it will be of the high tech / highly automated variety that aren't big job creators for the people that hope to benefit from it. We don't live in 1970 any longer. We have to figure out how to compete in an automated lower labor world.
Cross your fingers that this is all a big threat to get some better export deals with key countries and that it works. That seems like more of a Trump strategy. Big bluffs. Get opponent to fold. Profit on buying up devalued assets in the interim. If it works, good for us. Well done, Trump. The pro tariff isolationists will flip to free trade globalists overnight and that will be that. That said, I don't think many countries, including historical allies, are too keen on laying down this time. They are getting tired of our/his ****.
Worth a watch if you want to hear the thoughts of a guy very, very close to the decision making, who is much smarter than almost everyone so breathlessly discussing these issues (and I don't mean Tucker)...
It just seems unlikely in this environment, but Congress needs get their heads out of their asses and pass something that will limit the President's ability to set tariffs. You know anything that passed would have to override his dumbass, so I think it would take about 16 or so Republicans in the Senate and 77 in the House. Can't see that happen unless the **** really hits the fan.
I am apolitical. I am neither for or against Trump. I hope we come out of this saying what a genius Trump is. I truly do.
Do you think we couldn't spend a few trillion dollars without problems in the future?
I love hearing people think we could print money like crazy and have no repercussions later on... Or maybe we could fix it overnight... magically.
It doesn't matter who is president we were going to have trouble.
I love hearing people think we could print money like crazy and have no repercussions later on... Or maybe we could fix it overnight... magically.
It doesn't matter who is president we were going to have trouble.
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