Wall Street plummets ,trillions lost

[PomPolo]

1 minute ago, still kicking said:

So all cattle are gay?

Only the ones that are short enough to climb onto without a ladder 🤣

[tomazbodner]

4 hours ago, Celsius said:

it always recovers after pre market

Not always.

 

This is what my stock looks like right now (-16%):

 

 

So much winning!

[tomazbodner]

Of course this isn't helping either...

 

[PomPolo]

Go Sir Trump you are welcome to the UK - although glad I won't be there 

This is winning you Trumpsters 😉

[Celsius]

1 hour ago, tomazbodner said:

Not always.

 

This is what my stock looks like right now (-16%):

 

 

So much winning!

 

That's because I'm like Jim Cramer.

 

[Pouatchee]

6 hours ago, BLMFem said:

This is indeed a tax hike, and the group who will feel it the most are the very people that got the clown elected. Every cloud etc.

 

Bob reincarnate?

[bubblegum]

Funny, suddenly the far right is pro tax.

[Celsius]

for everyone waking up it was a massacre.....a bloodbath

[Tug]

19 minutes ago, bubblegum said:

Funny, suddenly the far right is pro tax.

Personally I think the dems should stop calling this mess tarreffs they should just call it the trump tax,after all that’s excactly what it is.

[sharot724]

https://www.msn.com/en-us/news/world/breaking-u-s-says-putin-arming-houthis-sanctions-reveal-russia-behind-yemen-blitz-on-u-s-troops/vi-AA1CeMq2?ocid=socialshare&cvid=940eee66a5574ca5b8f3589c1174e1a2&ei=14

 

Take that 

Some one needs to grow some balls or that Nobel Peace Prise is Vlads

[ronnie50]

13 hours ago, still kicking said:

Won't affect me, whatever reciprocal actions the Thais take against the US. I'm already boycotting US franchises here in Thailand including, but not limited to, McDougals, Starbucks, Burger King, Oscar Meyer products, US beef (Aus instead), McCormick products, Tim Hortons (US owned for many years), Coke, Sprite, Pepsi product. No US booze (beer is weak anyway, and Kentuky whisk(e)y tastes like rotten socks) nor other US junk food at Villa and Big C/Tops.  European booze and wine is far superior anyway. I don't order from Amazon anymore. People in other countries (EU) for example are doing this too. I never take a US airline. And then of course Canada kicked all this off (credit where due) with air passenger traffic down 70% to the US as of last count. The Trump supporters will try to joke and minimize this - but here's the thing: once this takes hold, getting those customers back, if at all, could take a generation. That means tens if not hundreds of millions of non-US consumers that previously bought US goods and service - gone with all that money.

[Lacessit]

12 hours ago, blaze master said:

 

Australia has far bigger issues to contend with. US can get beef from many places you're not special.

 

Take out Pine Gap, Darwin and North West Cape. That takes out 40% of America's surveillance capability, and all communications with nuclear submarines underwater in the Indian Ocean.

 

US can get beef from many places. All subject to tariffs with a broad brush. Try Thailand, I hear their beef is quite tasty.

 

The issues Australia has is with an ally that cuts and runs from all the wars it starts, and uses tariffs when the trade balance is positive for America.

 

It takes a lot to get Australians annoyed. Congratulations on your success. You have probably won the next election for the leftists.

[IsaanT]

16 hours ago, GammaGlobulin said:

 

You only lose when you sell.

 

Your statement is correct at face value (no pun intended).

However, an alternative viewpoint is: you are retaining increasingly lower-value assets, which you may sell eventually (or your estate will inherit the reduced value if the current trend continues).

 

[IsaanT]

16 hours ago, Middle Aged Grouch said:

But others are making great deals in buying up major tech US stocks at crashed prices.

This would be correct if we are at the bottom and prices rise again.

Do you think we're at the bottom?
 

[IsaanT]

12 hours ago, PomPolo said:

Why invest in anything when you have a Trump that will move all the exchange rates for you it's genius - us Brits love you Orange Face x

FYI

Current UK Pound/Thai Baht exchange rate forecasts are for 49-50 baht/£ in fourth quarter this year.

[jas007]

16 hours ago, Harrisfan said:

23% in one day 1987.

I remember that day.  I remember the entire week before and the weekend before, when they were trying to get a little girl out of a well she fell into. That was big news. 

 

Anyway, the few days before Black Monday were no picnic.  Down 100 or so one day, which was a lot back then, and maybe a little less the day before. On Monday, watching the stock ticker was entertaining, for sure. People throwing away perfectly good stocks because they had no other choice. They were using a lot of leverage.  

 

I was lucky that week, I guess. I had quit my job in August, and was in the process of moving back to San Diego and, prior to that time, I sold a lot of stocks just because I didn't want to fool around watching them. I was using some margin, but the one stock I had at the time, Ford, didn't sell off too much on Monday, so I never got a margin call.  I got back into the market a few weeks later and it's been more or less up ever since, with some minor dips along the way.  The 2008-2009 drop was another good opportunity tp pick up cheap stocks, as wears the beginning of the COVID scare.

 

The moral of the story:  Don't use margin, don't try to time the market, and stay invested.  You can't lose, long term. 

[IsaanT]

I haven't seen @Yagoda in this thread.  I'm wondering what his upbeat 'stocks dude' is advising now.

[BLMFem]

14 hours ago, frank83628 said:

Who's getting paid?

That's got nothing to do with the number of posts but the number of reactions to them. Thought you knew that, being a pro and all.

[PomPolo]

15 minutes ago, IsaanT said:

FYI

Current UK Pound/Thai Baht exchange rate forecasts are for 49-50 baht/£ in fourth quarter this year.

Very happy with that forecast!

[Jim Blue]

So it takes a Trumpian disaster to get  the pound  back to pre Brexit levels ? 

[Mavideol]

‘He Was Lying!’: ‘Daily Show’ Nails Trump With His Own Damning Words On Prices

https://au.news.yahoo.com/lying-daily-show-nails-trump-055341337.html

Trump campaigned vigorously on tariffs, calling it “the most beautiful word” and insisting Americans wouldn’t pay for them.

That changed after he became president.

In February, he admitted tariffs may cause “a little pain” for consumers. Last month, he said he “couldn’t care less” if tariffs raised the price of foreign cars. And his administration and allies have been saying for weeks that consumers should brace for higher prices.

[Lacessit]

41 minutes ago, IsaanT said:

Your statement is correct at face value (no pun intended).

However, an alternative viewpoint is: you are retaining increasingly lower-value assets, which you may sell eventually (or your estate will inherit the reduced value if the current trend continues).

 

It doesn't particularly matter IF the share has been bought for dividend income.

 

Say a share is yielding a dividend of 5%. If the value goes down, and the dividend is maintained, the yield on the share increases.

 

Anyone who buys on a dip in the share price not only gets the dividend, they get a trading gain when the shares recover to reflect the yield.

[Lacessit]

6 minutes ago, Mavideol said:

‘He Was Lying!’: ‘Daily Show’ Nails Trump With His Own Damning Words On Prices

https://au.news.yahoo.com/lying-daily-show-nails-trump-055341337.html

Trump campaigned vigorously on tariffs, calling it “the most beautiful word” and insisting Americans wouldn’t pay for them.

That changed after he became president.

In February, he admitted tariffs may cause “a little pain” for consumers. Last month, he said he “couldn’t care less” if tariffs raised the price of foreign cars. And his administration and allies have been saying for weeks that consumers should brace for higher prices.

It is going to be amusing to read the verbal gymnastics of the MAGA's, as the realization dawns they have been thrown under the bus along with everyone else. Som nam na.

[StayinThailand2much]

Tell me about it; I'm 30% down... Hoping for a recovery till late 2026.

[Gottfrid]

17 hours ago, Harrisfan said:

2.8% is nothing. 

Apparently it´s trillions of dollar.

[Hawaiian]

17 hours ago, Tug said:

I’m just a simple lay person of modest meens that being said I seek expert advice in areas that aren’t in my wheelhouse.99% of experts on economic issues say trumps tariffs are not a good idea + with trumps history of business failures and bankruptcy’s  it’s obvious to be skeptical about anything the man says.I fear with sound reason this is another epic blunder.at the bare minimum it’s a tax hike on the working class it’s us regular folk world wide mind you that are going to pay the price I’m afraid.nothing would delight me more to be wrong about this…….we shall see…..

This is not going to end well for many poor souls.  Luckily I am retired and have no outstanding debt with good medical insurance and retirement.

[Hawaiian]

17 hours ago, Harrisfan said:

23% in one day 1987.

Hold on to your seats. This is just the beginning. 

[sharot724]

Relax everyone as the simple solution is right before us.

 

Trump has reassured markets today that the massive share market crash on 3 April was not due to his new tariffs and were actually caused by the “Biden’s deep state manipulation of the markets”

[Hawaiian]

1 minute ago, sharot724 said:

Relax everyone as the simple solution is right before us.

 

Trump has reassured markets today that the massive share market crash on 3 April was not due to his new tariffs and were actually caused by the “Biden’s deep state manipulation of the markets”

More trash from the garbageman.

[Harrisfan]

5 minutes ago, Hawaiian said:

Hold on to your seats. This is just the beginning. 

Support at 37,000 for Dow.