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Watch Stocks Fall Today

How far will the market fall.

  • 500 points or higher on Monday

    Votes: 5 41.7%

  • several thousand points over the next few weeks

    Votes: 1 8.3%

  • Fall? That puppy gonna soar; Trump is great!

    Votes: 2 16.7%

  • No Change, it's summertime, be happy

    Votes: 4 33.3%
  • Total voters
    12
  • Poll closed .
calamity

calamity

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Trump threatened to impose a 25% tax er, "tariff" on Chinese goods over the weekend. So, the question is. How devastating will this stupid idea be to the stock market?
 
It is not going to be pretty today, most marketing in Europe shed a good 1.5% and there is no reason to assume we will avoid a selloff today.
 
Another buying opportunity. You make your money when you buy.
 
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calamity said:
Trump threatened to impose a 25% tax er, "tariff" on Chinese goods over the weekend. So, the question is. How devastating will this stupid idea be to the stock market?
Click to expand...

I predict that the DOW will be at 2500 by Mother's Day. The wold economy will collapse. People, starving and homeless will take to the streets and plead for Social Democrats to save them from the horrors of economy. Trump will be thrown from office and jailed in Guantanamo.

Once the transition to a sane, rational controlled, one world, green economy is complete we will see prosperity and equality for the middle class as Capitalism is properly relegated to the trash heap of history.
 
Lutherf said:
I predict that the DOW will be at 2500 by Mother's Day. The wold economy will collapse. People, starving and homeless will take to the streets and plead for Social Democrats to save them from the horrors of economy. Trump will be thrown from office and jailed in Guantanamo.

Once the transition to a sane, rational controlled, one world, green economy is complete we will see prosperity and equality for the middle class as Capitalism is properly relegated to the trash heap of history.
Click to expand...

From your mouth to God's ears. Wouldn't that be wonderful. One world living together in harmony forever.
 
Lutherf said:
I predict that the DOW will be at 2500 by Mother's Day. The wold economy will collapse. People, starving and homeless will take to the streets and plead for Social Democrats to save them from the horrors of economy. Trump will be thrown from office and jailed in Guantanamo.

Once the transition to a sane, rational controlled, one world, green economy is complete we will see prosperity and equality for the middle class as Capitalism is properly relegated to the trash heap of history.
Click to expand...

I am going to need a whole lot more coffee for this... :(
 
The stock market is the most unpredictable thing in the world and the US POTUS has little control over it. I'm just waiting to see what my portfolio looks like. Time will tell.
 
Mongidig said:
From your mouth to God's ears. Wouldn't that be wonderful. One world living together in harmony forever.
Click to expand...

Well, it would also be fantastic if bird **** cleaned your windshield but that isn't the way the world works.

See, a little adversity now and again is a GOOD thing. Overcoming adversity is how we GROW as people and as a society. It's how we figure out what the best methods for SURVIVAL are. When we stop being challenged we get complacent and when we get complacent then others who are not complacent come in and kick our asses.
 
OrphanSlug said:
I am going to need a whole lot more coffee for this... :(
Click to expand...

Kind of a bummer it's Monday because if you Irished up that coffee a bit it might make the day go by a bit more pleasantly.
 
calamity said:
Trump threatened to impose a 25% tax er, "tariff" on Chinese goods over the weekend. So, the question is. How devastating will this stupid idea be to the stock market?
Click to expand...

Dow plummets 450 points on return of trade war fears - CNN

People need to get it through their thick heads, the reason why we have a trade deficit with China is the same reason why any wealthy country will have a trade deficit with a poorer country, the Chinese cannot afford the stuff we make like we can afford the stuff they make. Westerners see gleaming modern metropolises like Shanghai and think that is how most people in China live, it isn't. Per-capita GDP in the United States is 60k. In China it's 10k.

I have spent a fair amount of time in China over the years, this is how most people in China live:

20181123_141630.jpg

You cannot win a trade war with a country that cannot give you want you want.
 
Right at the bell... 1.5% loss, roughly 380 off.

All things considered that is not terrible based on a Trump tweet, and generally speaking the markets tend to recover from his spats fairly quickly assuming we do not see this whole thing cascade into a more painful trade war and that is unlikely.

Might be investor overreaction.
 
The Dow closed at 19,827.25 on Inauguration Day, Jan. 20, 2017

Today it's 26,194.64 trending down as this is typed.
 
It is already recovering a little from the session open selloff... not awful.
 
SouthernDemocrat said:
Dow plummets 450 points on return of trade war fears - CNN

People need to get it through their thick heads, the reason why we have a trade deficit with China is the same reason why any wealthy country will have a trade deficit with a poorer country, the Chinese cannot afford the stuff we make like we can afford the stuff they make. Westerners see gleaming modern metropolises like Shanghai and think that is how most people in China live, it isn't. Per-capita GDP in the United States is 60k. In China it's 10k.

I have spent a fair amount of time in China over the years, this is how most people in China live:

View attachment 67256282

You cannot win a trade war with a country that cannot give you want you want.
Click to expand...

China has been one of the worst offenders when it comes to illegal trade practices, which includes but are not limited to large scale currency manipulation

U.S. files WTO complaints against EU, China, Canada for responding to steel tariff
U.S. files WTO complaints against EU, China, Canada for responding to steel tariffs - MarketWatch

They've been hoarding USD for years which drives up the value of the dollar making US export's less competitive.
China has also been dumping Govt subsidized Chinese steel and aluminum for years.

Our European trading partner's are no better.

Germany exploits the Euro's fixed value accross all EU member Nation's to maintain a trade surplus and an advantage over their trading partner's.

Since the Euro's value is fixed, Germany can run perpetual trade surpluses without making their exports less competitive, and they've been doing this for years

I'm no huge Trump supporter, but at least he's attempting to address this issue.

Most people that criticize Trump for taking on our trading partner's do it because they hate Trump and or are still sore over the results of the 2016 election.
They usually have no clue about trade or the multiple trade violation's that the US has lodged with the WTO over the years
 
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calamity said:
Trump threatened to impose a 25% tax er, "tariff" on Chinese goods over the weekend. So, the question is. How devastating will this stupid idea be to the stock market?
Click to expand...

I usually find that people that criticize Trump for taking on the illegal and unfair trading practices of our trading partner's do it because they hate Trump and or are still butt hurt over the 2016 election results.
Not because they know anything about the trade practices of our partners that have been ignored for years by previous administrations
 
Fenton said:
China has been one of the worst offenders when it comes to illegal trade practices, which includes but are not limited to large scale currency manipulation

U.S. files WTO complaints against EU, China, Canada for responding to steel tariff
U.S. files WTO complaints against EU, China, Canada for responding to steel tariffs - MarketWatch

They've been hoarding USD for years which drives up the value of the dollar making US export's less competitive.
China has also been dumping Govt subsidized Chinese steel and aluminum for years.

Our European trading partner's are no better.

Germany exploits the Euro's fixed value accross all EU member Nation's to maintain a trade surplus and an advantage over their trading partner's.

Since the Euro's value is fixed, Germany can run perpetual trade surpluses without making their exports less competitive, and they've been doing this for years

I'm no huge Trump supporter, but at least he's attempting to address this issue.

Most people that criticize Trump for taking on our trading partner's do it because they hate Trump and or are still sore over the results of the 2016 election.
They usually have no clue about trade or the multiple trade violation's that the US has lodged with the WTO over the years
Click to expand...

I am well aware of China's trade practices. However, even if China wasn't buying U.S. treasures, wasn't subsidizing steel production, and it's companies were not engaging in intellectual property theft, we will still have a huge trade deficit with them, they work cheaper and frankly, harder, than we do, but they can't afford our stuff like we can afford theirs. It's pretty much that simple.
 
Fenton said:
I usually find that people that criticize Trump for taking on the illegal and unfair trading practices of our trading partner's do it because they hate Trump and or are still butt hurt over the 2016 election results.
Not because they know anything about the trade practices of our partners that have been ignored for years by previous administrations
Click to expand...

Ah, so you like tax increases. That's mighty liberal of you.
 
OrphanSlug said:
Right at the bell... 1.5% loss, roughly 380 off.

All things considered that is not terrible based on a Trump tweet, and generally speaking the markets tend to recover from his spats fairly quickly assuming we do not see this whole thing cascade into a more painful trade war and that is unlikely.

Might be investor overreaction.
Click to expand...

I dunno...
I would not be buying today.
 
trixare4kids said:
I dunno...
I would not be buying today.
Click to expand...

People are, we are well off the session lows. The "investors are pushing the panic button" might not be the case as much as CNN wants that to be the case.

Now if we have 4-5 sessions where the market really corrects then perhaps I'll change my opinion, until then...
 
I'm not too worried about what appears to be a down day on Wall Street. I am worried that stocks STILL are overall flat from late January 2018. The last year-and-a-half has not been kind to a lot of portfolios.
 
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