greggerypeccary wrote on Apr 4^th, 2025 at 4:29pm:



I will be watching the DOW tonight.   

https://edition.cnn.com/business


      



https://edition.cnn.com/2025/04/04/investing/stock-market-dow-tariffs/index.html

US stocks were battered by a steep sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war.

The Dow plunged by 2,231 points, or 5.5%. The broader S&P 500 was 5.97% lower. The tech-heavy Nasdaq Composite was 5.82% lower.

The Nasdaq closed in a bear market for the first time since 2022, down more than 20% from its record high in December.

The Dow closed in correction, down more than 10% from its record high in December. It is the first time the Dow has closed in correction since March 7, 2022, according to Sam Stovall, chief investment strategist at CFRA Research. The Dow posted its biggest back-to-back losses since March 2020, during the onset of the Covid-19 pandemic.

The S&P 500 shed $5.06 trillion in market value across the past two days, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. The benchmark index, which entered correction Thursday, sank more than 10% over the past two days.

greggerypeccary wrote on Apr 5^th, 2025 at 8:02am:


Former President Donald Trump and Republican vice presidential nominee Sen. JD Vance continue to falsely describe how one of their major policy proposals, across-the-board tariffs, would work.

Trump has falsely, and repeatedly, claimed that China – not US importers – pay the tariff.

At a rally in Arizona in mid-August, he claimed that Vice President Kamala Harris, his Democratic opponent, is lying when she refers to his tariff plan as a “Trump tax.”

“She is a liar. She makes up crap … I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country,” Trump said.

In September, he repeated the claim during an interview with Fox News: “It’s not a tax on the middle class. It’s a tax on another country.”

And he said again during a rally in Wisconsin Saturday that “it’s not going to be a cost to you, it’s going to be a cost to another country.”

And he still has no idea how tariffs work.

Wow - our dollar went below 60 cents - pacific pesos - the End Times.

https://www.bloomberg.com/quote/AUDUSD:CUR

https://www.marketindex.com.au/asx200

Bobby. wrote on Apr 7^th, 2025 at 10:08am:


Thanks to just one rapist and convicted criminal.

Bobby. wrote on Apr 7^th, 2025 at 10:17am:


No point panicking - there's absolutely nothing you can do about it.

“Let go of what you can't control; focus on what you can change.”