Wall Street plummets ,trillions lost

[IsaanT]

13 minutes ago, rumak said:

 

Obviously you did not follow the tried and true formula for success !

 

Buy High And Sell Low !       BHASL   ( not to be confused with BLM ) 

I started with £20K and came out with around £120K in tangible assets (cars, an aeroplane, other things) eight months later but, yes, I lost £210K (on paper) but I didn't lose my shirt.  I feel it was a win. 😉

In a rising market (as that was), isn't it BLASH (buy low and sell high) which was my preferred approach?  Although BHASL via shorting the indicies would have worked handsomely last week.
 

[xylophone]

2 hours ago, spidermike007 said:

This has to be part of an intentional plan orchestrated by the deep state using Trump as a puppet. Trump simply cannot be as ignorant, or as stupid as he appears to be, it's just not possible. Nobody is that clueless. 

 

Folks, it would appear that they are intentionally trying to collapse the world economy, for what diabolical reason, that is entirely open to speculation. But no doubt Trump is a puppet in all this. 

 

 

I bet he didn't put tariffs on orange make up, blond hair dye or eyeliner!!!! LOL.

[BLMFem]

3 hours ago, spidermike007 said:

This has to be part of an intentional plan orchestrated by the deep state using Trump as a puppet. Trump simply cannot be as ignorant, or as stupid as he appears to be, it's just not possible. Nobody is that clueless. 

Have a look around this forum and you'll quickly change your mind. 

[Ben Zioner]

3 hours ago, Digitalbanana said:

 

 

Vance will open holiday camps for people like this guy.

[3NUMBAS]

red wall on Wall Street.

The Dow lost more than 2,000 points in a single day - that's only happened three times before in its long history.

[BLMFem]

More winning!

 

Tariff-related layoffs hit five US auto plants that supply factories in Canada and Mexico

[BLMFem]

"Last thing we need": GOP panic grows as Trump team can't get its story straight on tariffs

 

Republican lawmakers are seriously worried about President Donald Trump’s far-reaching and market-rattling plan to impose tariffs between 10 and 50 percent on all U.S. imports.

Amid a bloodbath on Wall Street, GOP members of Congress worried the cost increases levied on many goods could come back to bite them in future races.

Former Senate Majority Leader Mitch McConnell, R-Ky., historically one of President Trump’s biggest enablers despite the animosity between them, called the scheme a “tax on everyday working Americans” on Thursday.

[Mike_Hunt]

10 hours ago, rough diamond said:

I am sure he/she is shaking in its boots and will immediatly take action!!

If enough people do, they always take notice. 

[3NUMBAS]

Trump live updates: Historic stock plunge after tariff announcement leaves Americans rattled

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $6 trillion in two days

[johng]

4 minutes ago, 3NUMBAS said:

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods

 

If the tariffs were more than 34% before then that's a discount  then ???

[placeholder]

Just now, johng said:

 

If the tariffs were more than 34% before then that's a discount  then ???

Where were tariffs more than 34% before. Maybe on a few items? But on average? Where? Trump's tariffs  have nothing to do with the tariffs imposed by other countries. They were computed figuring out what  exports are of imports. Then that percentage is divided by 2. And that's the tariff. the exception being that if that number is less than 10 percent, then it's rated at 10 percent. Even for countries that run a trade deficit with the USA.

[rough diamond]

53 minutes ago, Mike_Hunt said:

If enough people do, they always take notice. 

They may take notice but will do nothing unless it potentially  progresses their so called political career.

[uncletiger]

It's time to be honest. The only reason this reinvention of the global economy is so painful, is because we allowed the tumor of globalism to grow for so long. If we had eliminated this pathogen 50 years ago when we saw the writing on the wall and businesses started to move overseas, nobody would be suffering today.  But we didn't and now it's a punch to the gut and extremely painful for those who believed the globalist propaganda.  All those US headquartered companies that moved production overseas now have no choice but to move back home. And yes, the pensioners who collaborated with them are going to get hit as well.

 

With this being obvious, I am genuinely shocked by how many people still keep chanting the "free trade" mantra like it's a magic word that will make everything go away. It won't. We now have 50 years of real data showing Adam Smith was wrong. Sure, in aggregate his theories may make sense, but the average is not the metric that matters. The vast majority of ordinary Americans are substantially more impoverished than they were 50 years ago, and free trade just keeps making that worse every single year.

 

Trump's punitive tariffs based on imbalance of trade is precisely the chemotherapy we need to eliminate the globalist tumor killing humanity. The sooner we free the world from globalism, the sooner we can all enjoy the golden age.

[Celsius]

I'm buying Monday 

 

 

[xylophone]

48 minutes ago, Celsius said:

I'm buying Monday 

Whilst you are doing that, think about what many Americans are saying about trump.....doesn't seem as though they have much faith in the orange buffoon or respect for that matter, esp after seeing the carnage on Wall Sreet:-

 

"Many people are talking about Donald Trump on Liberation Day - but not for the reason you'd think.

Mere minutes after Donald Trump starting speaking outside the White House on Liberation Day, X users flocked to Elon Musk's social media site to comment on Trump's physical appearance by talking about his skin color and his hair.

People have been talking about how "orange" Trump can look since he first ran for president in 2016, and today, on Trump's Liberation Day, they just can't seem to get enough of it. Besides the color of his skin, X users are worried about how the president's hair will stay on his head while outside. X users took to the site to poke fun at the president, ignoring what he had to say and instead focusing on his looks".

[Red Forever]

On 4/3/2025 at 7:27 PM, Middle Aged Grouch said:

Absurd post from the woke leftist trolls. The stocks and dollar did crash. But others are making great deals in buying up major tech US stocks at crashed prices. The dollar crashed but that is helping the world as our oil is paid in usdollars.

“Absurd post from the woke leftist trolls “!

Yeah right that Marxist publication Daily Mail eh?

You really should read the whole of the post and from where it is sourced before jumping in spewing your far right bile.

[spidermike007]

14 hours ago, BLMFem said:

"Last thing we need": GOP panic grows as Trump team can't get its story straight on tariffs

 

Republican lawmakers are seriously worried about President Donald Trump’s far-reaching and market-rattling plan to impose tariffs between 10 and 50 percent on all U.S. imports.

Amid a bloodbath on Wall Street, GOP members of Congress worried the cost increases levied on many goods could come back to bite them in future races.

Former Senate Majority Leader Mitch McConnell, R-Ky., historically one of President Trump’s biggest enablers despite the animosity between them, called the scheme a “tax on everyday working Americans” on Thursday.

Now they start worrying about him? A bit late for a modicum of courage, isn't it? 

 

 

[wwest5829]

On 4/3/2025 at 7:00 PM, Celsius said:

it always recovers after pre market

Yep … 1929, started recovering within a decade . No worries.

[IsaanT]

On 4/5/2025 at 12:29 PM, SunnyinBangrak said:

What on earth are you talking about. Hatred trumping any semblance of reality. Trump/Vance won an election, it was a landslide. Your beloved Z cancelled elections. Something the forum left are frantically denying since it was (rightly) pointed out to them thst Trump can say the US is at war so no more elections until 18 months after all wars end. Of course that blew their Z cancelled elections is good meme out of the water.

Then it all gets worse. Turn off msm. Think it all through yourself.

1. Vance was elected to the Senate in 2022 in Ohio - he wasn't elected to be VP.  He was hand-picked by Trump, along with all of Trump's other hand-picked top team member's, very few of which have any relevant experience or credentials for the roles they now hold.

It is disgraceful for a VP to openly attack a visiting sovereign President of another country, especially on live TV.  I'm not the only one to think this, hence the demonstrations when Vance attempted to have a quiet skiing holiday with his family shortly after.

To provide a balance, Vance does appear to be a thinker and appears to have the capability to be responsible and presentable but, without trying to be sarcastic, he's not exploiting much of that potential at this time.  Having to be a 'yes' man/woman to Trump is a constraint for all of Trump's top team so they are all operating under artificial circumstances.  Will Vance run for the top job after Trump finally hangs up his hat?  Very possibly, so he remains on my radar.

2. I don't hate Trump - I just disagree with many (but not all) of his policies.  I also think he's been badly advised.  I won't add value by commenting about Trump's personality traits which make him ill-suited for the role of the most powerful and consequential person on the planet - plenty of others already do that.

My position is easier because I am English, not American, so I don't feel any need to take sides in US politics but I do recognise that his actions are having international repercussions that include my family and friends in the UK.

3.  I don't believe I've ever watched MSM (again, I'm not American).

3. Ukraine's constitution prevents elections during times of war, so Zelenskyy's term has simply been extended because of the circumstances.  And I think he's doing a fine job.

Finally, I hope the biggest loser in all of this is Putin (Russia itself can continue on without him, hopefully in a less aggressive way).  The Soviet Union portrayed itself as a superpower but perhaps were only giving the impression of being so.  Russia has spent three years of full-on assault attacking Ukraine and claims five Ukrainian regions, many of which are not yet under its full control (the five regions total about 65,000 square miles - that's about the same size as Florida or Wisconsin, and a quarter the size of Texas.  Not very impressive.).  Russia used to have a good arms export market but, given the recent demonstration, I expect international buyers are looking elsewhere now (it also used to have a strong gas and oil export business but that's another story of self-imposed destruction...).
 

[Red Forever]

On 4/4/2025 at 5:26 PM, IsaanT said:

Nope, I've done my own research.

We're clearly not on the same page so I'm withdrawing from this conversation.
 

Congratulations Isaan.

You’ve certainly got the forum bore Arris’s panties in a wedgie.

[IsaanT]

37 minutes ago, Red Forever said:

Congratulations Isaan.

You’ve certainly got the forum bore Arris’s panties in a wedgie.

Some threads here can get confrontational, highly-charged and, sometimes, rude and insulting (I'm looking at you, @Don Giovanni).

I speak to people on this forum the same way I would if we were face to face.  There's nothing wrong with robust debate but it would be good if we could all keep it civilised.
 

[Walker88]

On 4/5/2025 at 5:59 AM, SunnyinBangrak said:

The guy is completely economically illiterate. He famously claimed the preCovid Trump economy was worse than the Great depression. No basis in reality whatsoever.

Cute, Sunny.

 

Perhaps you're misremembering, as that is a very MAGA thing to do, but I said 45's economy was in the bottom 30% of all Quarters since the end of WWII. You can access data from a host of websites that will give you quarterly data going back to Hoover.

 

At times I also included a chart produced by the Bureau of Economic Analysis (BEA), a part of the USG, that showed bar charts of each Presidents economy going back to Hoover. Perhaps BEA is also "completely economically illiterate".

 

With Hoover, I noted another fact (anathema to MAGAs) that 45 was the first President since Hoover to leave office with fewer Americans working than when he entered office.

 

Like most MAGAs, you just don't like either facts or reality.

 

[Celsius]

8 hours ago, wwest5829 said:

Yep … 1929, started recovering within a decade . No worries.

 

The only people that should be worried if there is a market crash are expats who will have no access to funds.

 

I will be looking to buy great Canadian  banks and their dividend paying stocks 

[thaibeachlovers]

On 4/5/2025 at 7:57 PM, Harrisfan said:

Wait and see. The LT trend is always up.

That's probably what they were saying before the depression. Took WW2 to recover from that one.

[thaibeachlovers]

14 hours ago, IsaanT said:

Some threads here can get confrontational, highly-charged and, sometimes, rude and insulting (I'm looking at you, @Don Giovanni).

I speak to people on this forum the same way I would if we were face to face.  There's nothing wrong with robust debate but it would be good if we could all keep it civilised.
 

You are correct of course, but seems that some have nothing to offer but insults, and some come on because they want to offer insults.

I guess that when one has no life, insulting others anonymously livens up another boring day.

[thaibeachlovers]

18 hours ago, wwest5829 said:

Yep … 1929, started recovering within a decade . No worries.

Had WW2 not happened ( the war started for real in 1939- which is your decade ) would we have recovered from it? I think not so quickly.

[Harrisfan]

1 minute ago, thaibeachlovers said:

Had WW2 not happened ( the war started for real in 1939- which is your decade ) would we have recovered from it? I think not so quickly.

Barbaric times

[thaibeachlovers]

Just now, Harrisfan said:

Barbaric times

We still live in barbaric times. Ever heard of Sudan, the Congo, South Sudan?

 

We in the west benefit from having the biggest guns, but that time is almost over, then there really is going to be wailing and gnashing of teeth in western households.

 

We have had it easy, perhaps too easy, so we became soft and lazy, but the party is almost over and the crying is about to start.

[thaibeachlovers]

On 4/6/2025 at 2:27 AM, uncletiger said:

The sooner we free the world from globalism, the sooner we can all enjoy the golden age.

I agree that Globalism is the curse of the modern age, but I disagree that the golden age will return ( simply because AI robotics will consign most of us to irrelevance ). For us westerners  the 50s and early 60s were the golden age, but the rest of the humans on planet earth never had a golden age, not even a silver one. Perhaps a fool's gold one.

[BritManToo]

16 minutes ago, thaibeachlovers said:

I agree that Globalism is the curse of the modern age, but I disagree that the golden age will return ( simply because AI robotics will consign most of us to irrelevance ). For us westerners  the 50s and early 60s were the golden age, but the rest of the humans on planet earth never had a golden age, not even a silver one. Perhaps a fool's gold one.

Didn't think that much of the 50s and 60s TBH.

70s, 80s and 90 I was working so didn't really notice the world passing by.

Best is the 10s and 20s, no money worries, retired and now living in the sun.

 

What was the OP again, oh yeah Wall Street .......... always though the stock market was a scam for the rich to take money from the gullible.