Wall Street plummets ,trillions lost

[jvs]

2 hours ago, Don Giovanni said:

Just wait until the 5 trillion in tariffs pours in at the end of the fiscal year.

Can you tell me please where that money is coming from?

Who is paying the tariffs?

[TheAppletons]

13 minutes ago, jvs said:

Can you tell me please where that money is coming from?

Who is paying the tariffs?

 

  The gullible goobers who for voted for Trump....and the rest of the US consumer population.  

[Toolong]

On 4/3/2025 at 7:18 PM, 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…..

'Lay person' or otherwise, Tug (and to be so or not isn't subject to any judgement on my part, I assure you), I reckon you've proved you've little real need for any 'expert advice' at all, by how you distill the deliberately distracting, "apparent" complexities down to an essence which any unbiased expert would confirm is in total accord with the reality (and your own suspicions) that the working class are gonna be bending over and taking what they've always taken. 

In this case however.....one isn't just talking about US workers, or US economy. It's a bucket of turds thrown down so many other wells we all drink from, worldwide. 

(And btw, isn't the US congress the only body that can constitutionally enact such moves?..... stinky stuff.)

 

But anyway, agree with you Tug. 

 

[jvs]

29 minutes ago, TheAppletons said:

 

  The gullible goobers who for voted for Trump....and the rest of the US consumer population.  

Don't tell the MM's,they don't understand how it works,

because their boss doesn't.

[FriscoKid]

U.S. stock market has lost $9.6 trillion in value since Inauguration Day. 

[Nick Carter icp]

On 4/3/2025 at 7:10 PM, Harrisfan said:

23% in one day 1987.

 

   I do think that you are looking for another word , like  *not much * or *insignificant* , that that "nothing" 

[FriscoKid]

Always winning. Since Jan. 17, the Friday before Inauguration Day, the U.S. stock market has seen $9.6 trillion in value erased, according to data from FactSet and Dow Jones Market Data. Of those losses, $5 trillion has been erased just over the past two days -- the largest two-day loss on record.

[Nick Carter icp]

9 minutes ago, FriscoKid said:

Always winning. Since Jan. 17, the Friday before Inauguration Day, the U.S. stock market has seen $9.6 trillion in value erased, according to data from FactSet and Dow Jones Market Data. Of those losses, $5 trillion has been erased just over the past two days -- the largest two-day loss on record.

 

   What is the Lefties opinion of a declining stock market ?

Are they in favour of it or do they oppose it ?

Thought that they'd be happy with all the rich people losing money 

[SunnyinBangrak]

1 hour ago, Toolong said:

'Lay person' or otherwise, Tug (and to be so or not isn't subject to any judgement on my part, I assure you), I reckon you've proved you've little real need for any 'expert advice' at all, by how you distill the deliberately distracting, "apparent" complexities down to an essence which any unbiased expert would confirm is in total accord with the reality (and your own suspicions) that the working class are gonna be bending over and taking what they've always taken. 

In this case however.....one isn't just talking about US workers, or US economy. It's a bucket of turds thrown down so many other wells we all drink from, worldwide. 

(And btw, isn't the US congress the only body that can constitutionally enact such moves?..... stinky stuff.)

 

But anyway, agree with you Tug. 

 

So to summarize - wide open borders = good for working class Americans. Reciprocal tariffs on countries that have been taking the P for decades = the sky is falling? Think I understand. 

Irrational hatred in a man is like rabies in a canine, was it MrChurchill who foresaw todays mass hysteria?

[Cryingdick]

Just now, Nick Carter icp said:

 

   What is the Lefties opinion of a declining stock market ?

Are they in favour of it or do they oppose it ?

Thought that they'd be happy with all the rich people losing money 

When the market is up only rich people own stocks and they are without exception evil. When the market is down suddenly the cry about old people won't be able to make it through retirement. Tim Walz is probably smiling today.

 

I thrive on down markets. I recently sold my waterfront in Michigan and have loads of dry powder. I also sold stocks in early January to buy land in Florida. I always take profits at some point along the way. We knew the tariffs were coming for awhile so anybody that knows that should have taken some off the table when valuations were absurdly high. 

 

Loads of young people should be happy to have a chance to buy in at a discount. Luckily our resident financial experts here are savvy enough that nobody is going to get hurt. I won't buy today as Fridays can be weird. See what happens on Monday. I tend to look at the first little green shoots in the sea of red and average in. With any sort of planning these dips are always buying opportunities. I remember last time when tariffs were a thing and the results if you bought then were spectacular. 

 

Now if only the housing market would fall apart. 

[Cryingdick]

Viet Nam wants to eliminate tariffs. When that was announced apparel stocks reversed as that is what VN happens to sell. 

[Patong2021]

3 minutes ago, Cryingdick said:

Viet Nam wants to eliminate tariffs. When that was announced apparel stocks reversed as that is what VN happens to sell. 

Says who?

Vietnam made  some tariff changes on March 31. The USA was aware of those changes and still imposed its new tariffs.

[IsaanT]

4 hours ago, Cameroni said:

 

I am an Elliot Wave trader. I had a look at the Dow Jones and there is literally NO way in HELL that 1929 was wave 2. If you would like to post a chart to support this hypothesis please do so.

 

 

Put your chart in logarithmic mode and then look again.  Linear mode (as used on your chart) is inappropriate for such a long period.

[Cryingdick]

5 minutes ago, Patong2021 said:

Says who?

Vietnam made  some tariff changes on March 31. The USA was aware of those changes and still imposed its new tariffs.

 

Says todays news and the price reaction of stocks with heavy exposure to VN.

[Patong2021]

 

 Be a sport and tell  us where to read this news.

I see that Bloomberg is reporting 

Vietnam Stocks Slide for Second Day as Tariff Panic Grips Market

By Nguyen Kieu Giang

April 3, 2025 at 11:00 PM EDT

Updated on April 4, 2025 at 5:19 AM EDT

\

[Sigmund]

Plumetts yes, but nobody is talking of the millions many are spending to buy top stocks at bargain prices. Many will come out very rich from this. Trump and his team are pro's in business and they surely know more on how to play on the stock market then the handful of democrat liberal leftist wokes who are spending their days moaning against Trump. I don't specially like the man, but he knows how to make money.

[Cryingdick]

5 minutes ago, Patong2021 said:

Be a sport and tell  us where to read this news.

 

I watched it on the business news. VN has said it wants to talk about dropping tariffs and the stocks reversed and went green. Look at Nike for example.

 

https://www.bloomberg.com/news/articles/2025-04-04/vietnam-asks-us-to-postpone-tariff-and-engage-in-negotiations-m923qrv7

 

This is why I don't do links anymore is they are never clickable.

[Patong2021]

2 minutes ago, Cryingdick said:

 

I watched it on the business news. VN has said it wants to talk about dropping tariffs and the stocks reversed and went green. Look at Nike for example.

 

https://www.bloomberg.com/news/articles/2025-04-04/vietnam-asks-us-to-postpone-tariff-and-engage-in-negotiations-m923qrv7

 

This is why I don't do links anymore is they are never clickable.

 

Please note that your Bloomberg article reference is stating that Trump says that Vietnam wants to do something. What Trump  claims is not usually the complete story or the truth.

 What actually happened is that Vietnam made the offer  weeks ago and the USA  did not respond. The "charm offensive" as it was called failed and was reported on previously by Bloomberg, Vietnam Charm Offensive Fails to Stave Off 46% Trump Tariff

 

 

[Cryingdick]

Just now, Patong2021 said:

 

Please note that your Bloomberg article reference is stating that Trump says that Vietnam wants to do something. What Trump  claims is not usually the complete story or the truth.

 What actually happened is that Vietnam made the offer  weeks ago and the USA  did not respond. The "charm offensive" as it was called failed and was reported on previously by Bloomberg, Vietnam Charm Offensive Fails to Stave Off 46% Trump Tariff

 

 

I made my observation. I am going to opt out of the prolonged discussion with you. 

[Cameroni]

34 minutes ago, IsaanT said:

 

Put your chart in logarithmic mode and then look again.  Linear mode (as used on your chart) is inappropriate for such a long period.

 

Stop talking nonsense and do as I asked. You claimed 1929 was wave 2. So POST the graph where this is an actual possibility. I would love to see it. Or is it too difficult for you?

[Patong2021]

20 minutes ago, Cryingdick said:

I made my observation. I am going to opt out of the prolonged discussion with you. 

 

And that is because you are relying on  what  Trump says, whereas I am relying on actual events.

 

Just like this event;

-The stock market took another pounding Friday after China retaliated with new tariffs on U.S. goods,.

- The Dow Jones Industrial Average traded more than 1,500 points lower, or 4%. This follows a 1,679.39 point decline on Thursday.

- The S&P 500 slid 5% after the benchmark shed 4.84% on Thursday and is now off more than 15% off its recent high.

-  The Nasdaq Composite, dropped 4%. If it closes there, the measure will be 21% lower than its December record close, a bear market in Wall Street terms.

-  Technology stocks kept bleeding on Friday.  Apple slumped more than 4%, adding to a 10% loss for the week. Nvidia pulled back 7%, while Tesla fell 9%. 

 

Winning Bigggggggggggggg!!!!!!!

[Walker88]

On 4/3/2025 at 12:00 PM, Celsius said:

it always recovers after pre market

Oooh, that comment didn't age well.

[Walker88]

46 minutes ago, Sigmund said:

Plumetts yes, but nobody is talking of the millions many are spending to buy top stocks at bargain prices. Many will come out very rich from this. Trump and his team are pro's in business and they surely know more on how to play on the stock market then the handful of democrat liberal leftist wokes who are spending their days moaning against Trump. I don't specially like the man, but he knows how to make money.

Go back a hundred years. The stock market performs much better under Democrats.

 

So does the economy.

 

There has never been a single Republican President, going back to Lincoln, who did not preside over the start of a Recession or Depression. Not even one.

 

The current clown will keep that deplorable string alive.

[Hawaiian]

7 hours ago, Mike_Hunt said:

Congess has delegated much of its constitutional power to the executive branch.   Back in 2017, I said the Democrats might roll back the power of the executive branch since they hate Trump so much. It never happened.    

Now that Republicans are receiving a growing push back from their constituents more are willing to take back that power.  Look for the anti-Trump demonstrations to turn violent as more Americans suffer from rising prices and interruption of government services.

[Walker88]

Come on, POTUS. It's the last hour of the market week. You want a 2000 point Dow drop?

 

Quick, make up some lie and get it out there. Say China called and wants to negotiate. Say Germany is going to build a factory "some people say will be the biggest ever". Tell us again it's going to boom, not go boom.

 

Give the market some hyperbole to chew on. Don't let it fade into the weekend on a low.

 

Find a deceased feline somewhere. Toss it down hard. It might bounce.

 

LOL

[IsaanT]

3 hours ago, Cameroni said:

 

Stop talking nonsense and do as I asked. You claimed 1929 was wave 2. So POST the graph where this is an actual possibility. I would love to see it. Or is it too difficult for you?

 

The Dow closed at 38,314 a few minutes ago.  It lost 2,231 points, a 5.50% fall in one session (it is historically exciting times so I set my alarm to see where things ended at the final bell). Your failure to accept what is happening is undoubtedly your loss.

 

I would prefer that you look at your own data on your own platform with your own eyes and draw your own conclusion with your own brain.  I would hope that would remove any potential concerns you might have about possible misrepresentation or misinterpretation by some random guy you've never met spouting some fantastic nonsense.  I think the rest of us can easily predict your response to any further information I offer.

 

@Harrisfan also states that he knows about Elliott Wave theory.  Perhaps you could get an independent second opinion from him.

 

Lastly, of greater concern is your failure to actually understand my request.  This now illustrates that you don't know as much as you would like to think you do.

 

Only the strong survive.  Be careful out there.

 

[Tug]

5 hours ago, nick supreme said:

I hate Trump, Orange man bad. 

Well he does disrespect pows he did betray Ukraine to side with putin then there’s the big lie why heck today after he tanked the  world’s economy he rushed off to play golf with the Saudis….you know the guys who did the World Trade Center.so yea it’s a safe bet he’s bad.and hey Nicky that’s just scratching the surface.

[Mike_Hunt]

6 hours ago, Hawaiian said:

Now that Republicans are receiving a growing push back from their constituents more are willing to take back that power.  Look for the anti-Trump demonstrations to turn violent as more Americans suffer from rising prices and interruption of government services.

I wrote a nasty letter to my rep about this mess.