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Dow tumbles more than 700 points as trade war fears intensify

Phys251

Phys251

Purge evil with Justice
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https://www.usatoday.com/story/money/2018/03/22/stock-market-falls/448665002/

U.S. stocks sold off sharply Thursday, with the Dow tumbling more than 700 points amid growing fears of a trade fight between the U.S. and its trading partners after President Trump said he will impose billions of dollars in tariffs on Chinese imports.

The heavy selling on Wall Street was exacerbated by continued weakness in shares of Facebook as well as concerns about the impact of rising interest rates on the economy.
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Trade wars are bad for the global economy, as they cause prices that consumers and businesses pay for goods and services to rise. A rise in inflationary pressures could prompt the U.S. central bank to speed up their pace of interest rate hikes, which could slow economic growth.
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President Trade Wars is going to hurt the very working class to whom he appealed. The Dow Jones has lost nearly 3000 points since late January and has shown no signs of long-term stabilizing.
 
How's that 401K looking, genius?!

More take home pay to buy the more expensive Chinese junk that we can't live without! Win/Win

Presidential is so boring!
 
Who could have seen it coming, oh wait, literally every single person that doesn't take Trump at his word.
 
Phys251 said:
https://www.usatoday.com/story/money/2018/03/22/stock-market-falls/448665002/





President Trade Wars is going to hurt the very working class to whom he appealed. The Dow Jones has lost nearly 3000 points since late January and has shown no signs of long-term stabilizing.
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Is that right? what was the stock market when Trump took office and what is it today? Show me any other investment that generates that return? just another anti Trump thread. Think those tariffs are going to help US steel companies and steel workers? Seems you don't really care about creating jobs just bashing Trump
 
Phys251 said:
https://www.usatoday.com/story/money/2018/03/22/stock-market-falls/448665002/





President Trade Wars is going to hurt the very working class to whom he appealed. The Dow Jones has lost nearly 3000 points since late January and has shown no signs of long-term stabilizing.
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What troubles me is the fact that the trade war hasn't even started yet. Once it does, that's when the Dow is going to drop significantly...just as the campaigns for the 2018 midterms really start ramping up. Of course, Trump could blame it all on Argentinian and Chilean hackers and his faithful would still believe every word he said.
 
Conservative said:
Is that right? what was the stock market when Trump took office and what is it today? Show me any other investment that generates that return? just another anti Trump thread. Think those tariffs are going to help US steel companies and steel workers? Seems you don't really care about creating jobs just bashing Trump
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Expert economists have repeatedly warned that a trade war is bad for the economy. Repeatedly. If the Don gets us into a trade war then the US economy is sure to suffer.
 
Phys251 said:
Expert economists have repeatedly warned that a trade war is bad for the economy. Repeatedly. If the Don gets us into a trade war then the US economy is sure to suffer.
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Time will tell, how much is the market up since Trump took office? Think out almost 20 trillion dollar economy can handle it.
 
Glen Contrarian said:
What troubles me is the fact that the trade war hasn't even started yet. Once it does, that's when the Dow is going to drop significantly...just as the campaigns for the 2018 midterms really start ramping up. Of course, Trump could blame it all on Argentinian and Chilean hackers and his faithful would still believe every word he said.
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I believe results and never pay attention to rhetoric like you do. How much is the market up since Trump took office? Doubt there is anything Trump can do to satisfy you and your progressive agenda
 
Phys251 said:
https://www.usatoday.com/story/money/2018/03/22/stock-market-falls/448665002/





President Trade Wars is going to hurt the very working class to whom he appealed. The Dow Jones has lost nearly 3000 points since late January and has shown no signs of long-term stabilizing.
Click to expand...

Do you realize how many of his supporters on this very forum said they didn't take everything he said seriously? They said he was a populist and unknown, and claimed nobody knew what he was going to do. For some reason, they refused to believe what he said he wanted to do. MAYBE NEXT TIME THEY WILL LISTEN TO WHAT THE CANDIDATE ACTUALLY SAYS.
 
Phys251 said:
https://www.usatoday.com/story/money/2018/03/22/stock-market-falls/448665002/





President Trade Wars is going to hurt the very working class to whom he appealed. The Dow Jones has lost nearly 3000 points since late January and has shown no signs of long-term stabilizing.
Click to expand...

To be fair, this is the mostly due to the market being overvalued in the first place. A correction was bound to take place. One already did, in January, and the market rebounded too early from that, so we are having another correction. Sure, trade policy is going to play a part in that, but not as much as you think. Trump isn't too smart, but he is not totally responsible for what is happening in the market right now. It heated up too quickly, so now has to cool off a little. I think that around 20,000 would be the right place for the market to settle to. Had Trump done everything perfectly, which he didn't do, the market will still be contracting.
 
Rexedgar said:
How's that 401K looking, genius?!

More take home pay to buy the more expensive Chinese junk that we can't live without! Win/Win

Presidential is so boring!
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The Smoot-Hawley Tariff Act was one of the contributing factors that caused the great (Hoover)Depression.Whats Trump calling for now?:2wave:
 
danarhea said:
To be fair, this is the mostly due to the market being overvalued in the first place. A correction was bound to take place. One already did, in January, and the market rebounded too early from that, so we are having another correction. Sure, trade policy is going to play a part in that, but not as much as you think. Trump isn't too smart, but he is not totally responsible for what is happening in the market right now. It heated up too quickly, so now has to cool off a little. I think that around 20,000 would be the right place for the market to settle to.
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A stock tip for ya Dan.Buy GE.:thumbs:
 
danarhea said:
To be fair, this is the mostly due to the market being overvalued in the first place. A correction was bound to take place. One already did, in January, and the market rebounded too early from that, so we are having another correction. Sure, trade policy is going to play a part in that, but not as much as you think. Trump isn't too smart, but he is not totally responsible for what is happening in the market right now. It heated up too quickly, so now has to cool off a little. I think that around 20,000 would be the right place for the market to settle to. Had Trump done everything perfectly, which he didn't do, the market will still be contracting.
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A correction may be due, but this is no correction.

It's the result of a horribly stupid and impulsive act, which Trump thinks makes him look "strong". There will be retaliation, and worse, I suspect that if there is retaliation Trump will double down, then triple down, etc. He will think that any failure to do that will make him look "weak."
 
SheWolf said:
Do you realize how many of his supporters on this very forum said they didn't take everything he said seriously? They said he was a populist and unknown, and claimed nobody knew what he was going to do. For some reason, they refused to believe what he said he wanted to do. MAYBE NEXT TIME THEY WILL LISTEN TO WHAT THE CANDIDATE ACTUALLY SAYS.
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LOL, like you did with Obama? how did that work out for you, keep your doctor?
 
Conservative said:
I believe results and never pay attention to rhetoric like you do. How much is the market up since Trump took office? Doubt there is anything Trump can do to satisfy you and your progressive agenda
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Last I recall, Trump was taking credit for the rise of the stock market two months before he took office. That, and I strongly remember how back in my earlier years on DP, when we pointed out how the economy was getting better under Obama, y'all flatly refused to give him any credit at all. Even after the Dow had nearly tripled from its nadir in March 2009, and even after unemployment had fallen to below 5%, y'all refused to give any credit at all to Obama.

But the moment Trump took over, it's "see how great Trump is for the economy!!!!" In other words, y'all really didn't care about results - y'all just wanted to play partisanship. Obama handed Trump a FAR better economy than the one he (Obama) inherited in January of 2009...and golly-gee-whiz, Gomer, the moment Trump took over, all of a sudden y'all just happened to notice that the economy was really in good shape...and of course you wanted to give Trump 100% of the credit, and Obama 0% of the credit.

But here's the problem you face: You're giving Trump 100% of the credit for the economy (regardless of the fact that he's passed no major legislation except for the tax cut that has barely begun to take effect)...and Trump himself has been taking credit for the economy since even before he took office...AND y'all own the whole doggone government - WH, House, Senate, and SCOTUS - and do you know what that means? Y'ALL OWN THE ECONOMY. Y'all own the whole doggone thing, the whole enchilada, the whole kit-and-kaboodle.

And now Trump's gone and done something that doggone near every economist of note has said is a very bad idea: decided to start a trade war. Trump has said trade wars are "easy to win"...and the economists say that nobody wins a trade war. Guess what? we're going to find out exactly how that turns out - apparently just in time for the 2018 midterm elections! And just like y'all are bragging how y'all get ALL the credit for the economy today, y'all are going to get stuck with ALL the blame for what happens if Trump's trade war becomes reality.

Yes, you'll surely see the results...but if past is prologue, you'll still learn nothing from those results, but will instead demand gallons more of the rhetorical Kool-Aid from your own side.
 
Glen Contrarian said:
Last I recall, Trump was taking credit for the rise of the stock market two months before he took office. That, and I strongly remember how back in my earlier years on DP, when we pointed out how the economy was getting better under Obama, y'all flatly refused to give him any credit at all. Even after the Dow had nearly tripled from its nadir in March 2009, and even after unemployment had fallen to below 5%, y'all refused to give any credit at all to Obama.

But the moment Trump took over, it's "see how great Trump is for the economy!!!!" In other words, y'all really didn't care about results - y'all just wanted to play partisanship. Obama handed Trump a FAR better economy than the one he (Obama) inherited in January of 2009...and golly-gee-whiz, Gomer, the moment Trump took over, all of a sudden y'all just happened to notice that the economy was really in good shape...and of course you wanted to give Trump 100% of the credit, and Obama 0% of the credit.

But here's the problem you face: You're giving Trump 100% of the credit for the economy (regardless of the fact that he's passed no major legislation except for the tax cut that has barely begun to take effect)...and Trump himself has been taking credit for the economy since even before he took office...AND y'all own the whole doggone government - WH, House, Senate, and SCOTUS - and do you know what that means? Y'ALL OWN THE ECONOMY. Y'all own the whole doggone thing, the whole enchilada, the whole kit-and-kaboodle.

And now Trump's gone and done something that doggone near every economist of note has said is a very bad idea: decided to start a trade war. Trump has said trade wars are "easy to win"...and the economists say that nobody wins a trade war. Guess what? we're going to find out exactly how that turns out - apparently just in time for the 2018 midterm elections! And just like y'all are bragging how y'all get ALL the credit for the economy today, y'all are going to get stuck with ALL the blame for what happens if Trump's trade war becomes reality.

Yes, you'll surely see the results...but if past is prologue, you'll still learn nothing from those results, but will instead demand gallons more of the rhetorical Kool-Aid from your own side.
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Yep, that 1.2% GDP growth and 9.4% U-6 was incredible but you are right, I thank Obama everyday for giving us Trump

Yes, Trump owns the economy from February 2017 to the Present and the debt from the point he had his Administration in place. What economists tell me is irrelevant but what my bank account says is what motivates more people so now answer the question, what was the stock market when Trump took office on January21, 2017? As of now what I see is a doubling of the GDP percentage from what he inherited, a 8.2 U-6 rates, 2.7 million more jobs than what Obama had at the same time his last month in office and 1 million more people working full time vs. Obama's last year numbers. Results do matter except to you and the rest of the left but I will continue to confuse you with the official data from bea.gov, bls.gov, and Treasury.org
 
I told folks that a Trump presidency would result in Trump tanking the economy, like ALL Republicans the past 100 years have done, and a nuclear war.

Keep voting for Republicans; theys winnas .............
 
cuban smokes said:
I told folks that a Trump presidency would result in Trump tanking the economy, like ALL Republicans the past 100 years have done, and a nuclear war.

Keep voting for Republicans; theys winnas .............
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A much overdue market correction today means Trump has tanked the economy? The economy is full speed ahead, hence why the fed raised interest rates today. I have no doubt that this is what stimulated the market to correct.

Fed raises rates, signals confidence in strengthening economy
 
trixare4kids said:
A much overdue market correction today means Trump has tanked the economy? The economy is full speed ahead, hence why the fed raised interest rates today. I have no doubt that this is what stimulated the market to correct. https://www.reuters.com/article/us-...idence-in-strengthening-economy-idUSKBN1GX2QH
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This wasn't a "correction." It was a direct result of the threat of a tariff war.

I put some of my reserves set aside for investment into etfs right before the market closed, but obviously not a lot because I have no way of knowing just how far this thing is going to go.
 
trixare4kids said:
A much overdue market correction today means Trump has tanked the economy? The economy is full speed ahead, hence why the fed raised interest rates today. I have no doubt that this is what stimulated the market to correct.

Fed raises rates, signals confidence in strengthening economy
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did I say Trump tanked the economy today? No. Please pay attention ..........

did I say Trump started a nuclear war today? No. Please pay attention ..........

As long as Trump is POTUS then he has time to do both ............ please pay attention ...............
 
Last edited:
Phys251 said:
https://www.usatoday.com/story/money/2018/03/22/stock-market-falls/448665002/





President Trade Wars is going to hurt the very working class to whom he appealed. The Dow Jones has lost nearly 3000 points since late January and has shown no signs of long-term stabilizing.
Click to expand...

Yesterday was the biggest interest rate increase in ten years. That's likely going to increase interest on the national debt as well.



In retaliation to Trump's tariffs, China is going to target his base. I hope they get the message.
 
Cardinal said:
This wasn't a "correction." It was a direct result of the threat of a tariff war.
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I'd say it was a combination of the Federal Reserve hike and a reaction to Trump's memorandum on tariffs.
"To no one’s surprise, the Federal Reserve on Wednesday announced it would be raising interest rates for the sixth time since late 2015, lifting the benchmark to a target of 1.5% to 1.75%. This move is geared towards keeping inflation at bay as the economy continues to accelerate."
 
that's funny; raise rates to keep inflation in check :roll: ............
 
cuban smokes said:
did I say Trump tanked the economy today? No. Please pay attention ..........

did I say Trump started a nuclear war today? No. Please pay attention ..........

As long as Trump is POTUS then he has time to do both ............ please pay attention ...............
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Well, when you respond and assert stupidity as this below, I feel compelled to say that there is NO indication that your dreams will come true.

Originally Posted by cuban smokes View Post
I told folks that a Trump presidency would result in Trump tanking the economy, like ALL Republicans the past 100 years have done, and a nuclear war.

Keep voting for Republicans; theys winnas .............
 
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