Australian Politics Forum - Share market crash this morning.

Bobby.

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Re: Share market crash this morning.
Reply #210 - Apr 9^th, 2025 at 9:35am

freediver wrote on Apr 9^th, 2025 at 8:30am:

The American markets went down again overnight. The ASX will follow.

Yes - DON'T PANIC.

https://edition.cnn.com/2025/04/08/business/trump-china-tariff/index.html

DOW - 0.84%

S&P 500 -1.57%

NASDAQ -2.15%

Tariffs on China set to rise to at least 104% on Wednesday, White House says

By Elisabeth Buchwald, CNN

3 minute read
Updated 3:09 PM EDT, Tue April 8, 2025

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Bobby.

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Re: Share market crash this morning.
Reply #211 - Apr 9^th, 2025 at 9:43am

Futures: don't panic.

https://www.afr.com/markets/equity-markets/s-and-p-500-rally-wiped-out-as-trade-...

ASX to drop,

iron ore slumps;

gold price tipped to hit $US 3170

The Australian sharemarket are set to tumbled 2 per cent at the open after a rally in New York swiftly reversed after the White House said the US would move forwards with total tariffs worth 104 per cent on Chinese exports on Wednesday.

ASX futures were pointing down 154 points, or 2 per cent to 7379, suggesting the S&P/ASX 200 will entirely erase the prior day’s 2.2 per cent gain, which was its largest since November 2022.

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Bobby. Gold Member Offline Australian Politics Posts: 113216 Melbourne Gender:	Re: Share market crash this morning. Reply #212 - Apr 9^th, 2025 at 9:46am Don't panic Mr Mannering - don't panic.
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Bobby. Gold Member Offline Australian Politics Posts: 113216 Melbourne Gender:	Re: Share market crash this morning. Reply #213 - Apr 9^th, 2025 at 10:10am ASX opens 2.00% down: https://www.marketindex.com.au/asx200
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Bobby. Gold Member Offline Australian Politics Posts: 113216 Melbourne Gender:	Re: Share market crash this morning. Reply #214 - Apr 9^th, 2025 at 10:51am Australian dollar collapses - don't panic. $A to $US 59.58 cents https://finance.yahoo.com/quote/AUDUSD%3DX/
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Frank Gold Member Offline Australian Politics Posts: 53084 Gender:	Re: Share market crash this morning. Reply #215 - Apr 9^th, 2025 at 11:07am It's only money, comrades. https://x.com/bennyjohnson/status/1909601572671180865
Back to top	« Last Edit: Apr 9^th, 2025 at 11:24am by Frank » Estragon: I can’t go on like this. Vladimir: That’s what you think. IP Logged

Bobby. Gold Member Offline Australian Politics Posts: 113216 Melbourne Gender:	Re: Share market crash this morning. Reply #216 - Apr 9^th, 2025 at 4:00pm Don't panic. ASX closes -2.02% down. https://www.marketindex.com.au/asx200 DOW Futures -2.4% down. https://edition.cnn.com/markets/premarkets
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Bobby.

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Re: Share market crash this morning.
Reply #217 - Apr 9^th, 2025 at 4:22pm

https://edition.cnn.com/2025/04/09/business/recession-effects-trump-reciprocal-t...

Goods from China, by far the biggest target,
are now subject to at least a

104% tariff.

Trump tacked on even higher tariffs than initially announced after Beijing
didn’t back off its promise to impose 34% retaliatory tariffs Tuesday.

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Bobby. Gold Member Offline Australian Politics Posts: 113216 Melbourne Gender:	Re: Share market crash this morning. Reply #218 - Apr 9^th, 2025 at 4:28pm It reminds me of a song: All I see turns to brown as the sun burns the ground and my eyes fill with sand as I scan this wasted wasted land
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freediver Gold Member Online www.ozpolitic.com Posts: 51400 At my desk.	Re: Share market crash this morning. Reply #219 - Apr 9^th, 2025 at 5:35pm Relax Bobby, and buy some shares.
Back to top	People who can't distinguish between etymology and entomology bug me in ways I cannot put into words. IP Logged

Bobby. Gold Member Offline Australian Politics Posts: 113216 Melbourne Gender:	Re: Share market crash this morning. Reply #220 - Apr 9^th, 2025 at 5:47pm freediver wrote on Apr 9^th, 2025 at 5:35pm: Relax Bobby, and buy some shares. Yep Woodside Energy Group Ltd $19.15 AUD
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Bobby. Gold Member Offline Australian Politics Posts: 113216 Melbourne Gender:	Re: Share market crash this morning. Reply #221 - Apr 10^th, 2025 at 6:53am https://edition.cnn.com/politics/live-news/trump-tariffs-cnn-town-hall-04-09-25/... Tariff pause: President Donald Trump announced a 90-day pause on all the “reciprocal” tariffs, with the exception of China, DOW up 7.87% wow
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Sophia

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Re: Share market crash this morning.
Reply #222 - Apr 10^th, 2025 at 6:58am

Bobby. wrote on Apr 10^th, 2025 at 6:53am:

https://edition.cnn.com/politics/live-news/trump-tariffs-cnn-town-hall-04-09-25/...

Tariff pause: President Donald Trump announced a 90-day pause

on all the “reciprocal” tariffs, with the exception of China,

DOW up 7.87% wow

OMG I couldn’t believe my eyes this morning!
The crypto world is pumping!

Then I see there’s a 90 day pause on tariffs!
Oh well, may as well make hay while the sun shines!

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Bobby. Gold Member Offline Australian Politics Posts: 113216 Melbourne Gender:	Re: Share market crash this morning. Reply #223 - Apr 10^th, 2025 at 7:05am Sophia wrote on Apr 10^th, 2025 at 6:58am: OMG I couldn’t believe my eyes this morning! The crypto world is pumping! Then I see there’s a 90 day pause on tariffs! Oh well, may as well make hay while the sun shines! Yes and why did they wanna kill a genius - why? https://www.bitchute.com/video/3QXuh2t5tKsv
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Frank

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Re: Share market crash this morning.
Reply #224 - Apr 10^th, 2025 at 7:18am

Liberals Devastated As Stock Market Recovers

NEW YORK, NY — Local stockbroker and lifelong Democrat Kang Anon fell into utter despair today, tears falling from his eyes as he watched the stock market recover.

Friends and relatives expressed deep concern about Kang Anon's anguish. "He had been so happy the last couple of days as the stock market was crashing," his coworker Karnal noted. "He was truly on cloud nine. He kept saying that Trump tanking the economy was probably the single greatest thing that ever happened to him."

However, as the stock market rallied historically on Wednesday, Kang Anon's mood turned sour. "It was like someone flipped a light switch," karnal noted. "He kept looking at the stock market ticker going up and up, and he just kept sobbing harder and harder. There was no consoling him."

Kang Anon reportedly went up to the roof to get some air but ended up hurling himself off the building shortly thereafter. Sources say he yelled "TRUMP WAS RIGHT! I'VE LOST EVERYTHiIIING," as he plummeted towards Wall Street.

In a stroke of good fortune, Kang Anon landed softly on a shipment of MyPillows bound for Trump Tower. Upon realizing he owed his life to Trump supporter Mike Lindell, Anon apparently became even more distraught and had to be sedated at the scene.

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Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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