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Tech stock meltdown: Amazon down $35b... Applefacebookgoogle more drop...

MickeyW

MickeyW

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The stock market’s post-election bifurcation sharpened Monday as technology shares extended their worst performance since the start of the bull market on speculation Donald Trump’s trade and immigration policies will translate into lower earnings.
Apple Inc., Facebook Inc. and Alphabet Inc. led the S&P 500 Information Technology Index down 1.7 percent for the biggest retreat since September. The group stands out as the only industry that normally benefits from a rising economy not to rally on speculation Trump’s policies will stoke domestic growth. Tech stocks in the benchmark equity gauge have slumped 3.1 percent over four days, trailing the S&P 500 Index by 4.2 percentage points, the most since May 2009. Small caps in the Russell 2000 Index surged 1.2 percent to an all-time high.
Trump Tech Meltdown Hits Fourth Day With Amazon Cut by $35 Billion - Bloomberg



Blaming this on Trump....................is lunacy!
 
MickeyW said:
The stock market’s post-election bifurcation sharpened Monday as technology shares extended their worst performance since the start of the bull market on speculation Donald Trump’s trade and immigration policies will translate into lower earnings.
Apple Inc., Facebook Inc. and Alphabet Inc. led the S&P 500 Information Technology Index down 1.7 percent for the biggest retreat since September. The group stands out as the only industry that normally benefits from a rising economy not to rally on speculation Trump’s policies will stoke domestic growth. Tech stocks in the benchmark equity gauge have slumped 3.1 percent over four days, trailing the S&P 500 Index by 4.2 percentage points, the most since May 2009. Small caps in the Russell 2000 Index surged 1.2 percent to an all-time high.
Trump Tech Meltdown Hits Fourth Day With Amazon Cut by $35 Billion - Bloomberg



Blaming this on Trump....................is lunacy!
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Trump isn't exactly - in the Pepsi generation, and the valley is afraid that his new trade deals will make labor more expensive for all of these frickin toys - and the profit margins will drop.
 
Well, actually....apple and many other tech companies make larger profit margins via having their products made for dollars a day in Asian countries.


Trump putting an end to that will notably hurt those margins.
 
Yeah, The GOP LOVES big business and Corps. So IF, and that's a big IF, but IF Trump is true to his word about attacking these trade deals his biggest obstacle will be the GOP. It will be ugly, and a war. Can't tell now who will win, or even if Trump means business. But if he does it will get ugly and it will be a good idea not to have any money in the DOW next year. Might be another 2008 type meltdown.
 
jet57 said:
Trump isn't exactly - in the Pepsi generation, and the valley is afraid that his new trade deals will make labor more expensive for all of these frickin toys - and the profit margins will drop.
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Oh well. Those bastards are already filthy rich. Can't say as I care. Especially since I have no skin in the game.

KevinKohler said:
Well, actually....apple and many other tech companies make larger profit margins via having their products made for dollars a day in Asian countries.


Trump putting an end to that will notably hurt those margins.
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Oh ....darn! :lamo

SenorXm/Sirius said:
Yeah, The GOP LOVES big business and Corps. So IF, and that's a big IF, but IF Trump is true to his word about attacking these trade deals his biggest obstacle will be the GOP. It will be ugly, and a war. Can't tell now who will win, or even if Trump means business. But if he does it will get ugly and it will be a good idea not to have any money in the DOW next year. Might be another 2008 type meltdown.
Click to expand...

War is good about every 7 years or so. History 101. ;)
 
SenorXm/Sirius said:
Yeah, The GOP LOVES big business and Corps. So IF, and that's a big IF, but IF Trump is true to his word about attacking these trade deals his biggest obstacle will be the GOP. It will be ugly, and a war. Can't tell now who will win, or even if Trump means business. But if he does it will get ugly and it will be a good idea not to have any money in the DOW next year. Might be another 2008 type meltdown.
Click to expand...

You can relax, the market wont melt down over anything Trump does. You guys are starting to sound like End Times doomsayers.
 
Fletch said:
You can relax, the market wont melt down over anything Trump does. You guys are starting to sound like End Times doomsayers.
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After 8 ears of you guys predicting the end of the world because there was a Black Muslim Democrat in the WH. Now you are going to preach to others? LOL Please don't.

Anyway if Trump gets in a trade war, it will get ugly. And there's another wild card in this: No matter who is in the WH, or who's running things every 7-9 years the US economy slips into a recession. In other words, we're overdue.
 
MickeyW said:
The stock market’s post-election bifurcation sharpened Monday as technology shares extended their worst performance since the start of the bull market on speculation Donald Trump’s trade and immigration policies will translate into lower earnings.
Apple Inc., Facebook Inc. and Alphabet Inc. led the S&P 500 Information Technology Index down 1.7 percent for the biggest retreat since September. The group stands out as the only industry that normally benefits from a rising economy not to rally on speculation Trump’s policies will stoke domestic growth. Tech stocks in the benchmark equity gauge have slumped 3.1 percent over four days, trailing the S&P 500 Index by 4.2 percentage points, the most since May 2009. Small caps in the Russell 2000 Index surged 1.2 percent to an all-time high.
Trump Tech Meltdown Hits Fourth Day With Amazon Cut by $35 Billion - Bloomberg



Blaming this on Trump....................is lunacy!
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Really check the bond losses and why. IIRC they lost 1 Trillion since Trump was elected.
 
JANFU said:
Really check the bond losses and why. IIRC they lost 1 Trillion since Trump was elected.
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It's not Trumps fault. That's like saying that if I 'm the new Governor of my state, housing prices will drop dramatically. Silly.
 
MickeyW said:
It's not Trumps fault. That's like saying that if I 'm the new Governor of my state, housing prices will drop dramatically. Silly.
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Wrong- It is due to Trumps economic plan, which will lead to massive borrowing and higher deficits. The bond markets reacted to that
 
It's funny. Trumps economic plan is to renegotiate NAFTA in such a way as to make it a positive for America instead of the negative that it is. To bring manufacturing jobs back to America which in turn will bring more jobs and better wages to the lower and middle class. Which means more revenue. Actually with the proper plan it would bring the same amount of revenue, but in the end benefiting America instead of China, Mexico, Taiwan etc etc etc.

And Americans are against this why? Corporations are against this why? Long before NAFTA America had these corporations and manufacturing plants here in the US and they survived just fine. Did they have to pay more to the employee's and to get materials? Yep. Even then they did. But they made up for it when they sold their products. So, what made them move to other countries? The ability to make things cheaper, but sell things at relatively the same price that they always had here in the US. That of course gets them a greater piece of the pie. But what has it done to the rest of America? Impoverished many more Americans than previously. Middle class shrinkage. Expansion of the lower class. Rich class staying about the same.

So, I can see why Corporations would be against changing that. But why is the rest of America against it? Personally I don't care about a corporations stock market. I don't care if they make a huge profit or just simply a profit. What I care about is being able to support my family. And not just support them. But to live comfortably to where we're not having to live paycheck to paycheck wondering if we're still going to have a roof over my families heads come next month. So, imo if a corporation has to take a hit between receiving huge profits vs simply making a profit vs making sure I don't have to worry about my family having a roof over their heads every paycheck guess which one I'm going to pick.....

And no, I don't believe the doomsayers claiming that the economy will crumble if we try and renegotiate NAFTA to the betterment of America. All this fear mongering is quite frankly disgusting and tiring.
 
JANFU said:
Wrong- It is due to Trumps economic plan, which will lead to massive borrowing and higher deficits. The bond markets reacted to that
Click to expand...

And yet, Trump won't be in charge for over 2 months....kinda jumping the gun aren't they?
 
Kal'Stang said:
It's funny. Trumps economic plan is to renegotiate NAFTA in such a way as to make it a positive for America instead of the negative that it is. To bring manufacturing jobs back to America which in turn will bring more jobs and better wages to the lower and middle class. Which means more revenue. Actually with the proper plan it would bring the same amount of revenue, but in the end benefiting America instead of China, Mexico, Taiwan etc etc etc.

And Americans are against this why? Corporations are against this why? Long before NAFTA America had these corporations and manufacturing plants here in the US and they survived just fine. Did they have to pay more to the employee's and to get materials? Yep. Even then they did. But they made up for it when they sold their products. So, what made them move to other countries? The ability to make things cheaper, but sell things at relatively the same price that they always had here in the US. That of course gets them a greater piece of the pie. But what has it done to the rest of America? Impoverished many more Americans than previously. Middle class shrinkage. Expansion of the lower class. Rich class staying about the same.

So, I can see why Corporations would be against changing that. But why is the rest of America against it? Personally I don't care about a corporations stock market. I don't care if they make a huge profit or just simply a profit. What I care about is being able to support my family. And not just support them. But to live comfortably to where we're not having to live paycheck to paycheck wondering if we're still going to have a roof over my families heads come next month. So, imo if a corporation has to take a hit between receiving huge profits vs simply making a profit vs making sure I don't have to worry about my family having a roof over their heads every paycheck guess which one I'm going to pick.....

And no, I don't believe the doomsayers claiming that the economy will crumble if we try and renegotiate NAFTA to the betterment of America. All this fear mongering is quite frankly disgusting and tiring.
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I absolutely agree. One thing I notice though is that you could apply your same argument to a bunch of liberal policies like 'increase corporate tax' or 'increase environmental regulations', but I can't see you as being equally up for them?

At the end of the day, the wellbeing of the people is better than the stock markets bottom line, no?
 
Nilly said:
I absolutely agree. One thing I notice though is that you could apply your same argument to a bunch of liberal policies like 'increase corporate tax' or 'increase environmental regulations', but I can't see you as being equally up for them?

At the end of the day, the wellbeing of the people is better than the stock markets bottom line, no?
Click to expand...

Let's put it this way. Moderation is key. Too much of anything can be a detriment. Too little of anything can also be a detriment. So to answer your question... it depends.

However you should note that my post that you quote is inherently biased and selfish. "Equally" is irrelevant to it. ;)
 
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