Wall Street plummets ,trillions lost

[IsaanT]

2 minutes ago, Cameroni said:

... because for standard trending waves 1 and 2 the time of wave-2 should equal or exceed that of wave-1.

 

Really?

Those that know will understand why it would be pointless to continue this discussion.  This is a forum for expats, expat-wannabees and expat-havebeens to discuss things related to Thailand.  This thread has gone way too far off track.

Let's agree to disagree please.
 

[johng]

On 4/3/2025 at 11:27 PM, SunnyinBangrak said:

Look on the bright side, it has totally cured the left's Ukraine & more war obsession. Kudos Donald, it was time.

Just like the Ukraine war cured the Covid...and the next thing will come along soon for everyone to be outraged or scared to death about.

[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".