Dow sinks more than 700 points.
S E E D E D C O N T E N T
US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.
The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.
All three major indexes were on track to close the week in the red. The S&P 500 is down 5% since this year and on track for its first losing quarter since September 2023.
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MAGA !
Sooooo.....when's that super economy getting here?
Right after Trump controls the economic indicators.... Not the actual indicators, just the numbers
... right after the midterm blowout.
trump's new golden age in america is here ...
5kt plated pile of shit, just like him ...
Only 5 karats? He can't afford 24 karat gold plate anymore?
I can remember when the Dow first hit 2000... Boy they thought they were swimming in it
Yep, my friends on the left were [removed] [✘] in high cotton back then ….
Just another Friday.
Trump is a moron. When will his supporters get a clue?
As I have noted for years, a PotUS can do very little to improve an economy (or stock market) especially when in good shape. But a PotUS can damage same. Trump is showing us all how a PotUS can single-handedly harm a robust stock market and booming economy within a matter of months.
So, again, when will his supporters get a clue?
If they were going to get a clue it would have happened already.
They have not yet felt the pain. It is all academic at this point, the damage needs to be reified.
The will potentially get a clue when they realize higher prices and when (if) they can manage to break free of the cultish mind control Trump has them in so as to comprehend that this is the result of Trump's gratuitous actions.
Sorry, thats not going to matter. They cant be persuaded, only beaten.
My point was not about persuasion; I agree, there is no reasoning with them. My point was about them realizing pain.
The NT Trump sycophants dare not show weakness to their friends here, they will not betray them, and so no matter what anyone anticipates, or wishes, they are not going to change horses in midstream. This will continue to be a divisively hostile site unattractive to new members.
The left wingers on NT can't come up with a coherent logical reason why anyone should support them.
Trump has been President for about 4% of his term.
[deleted][✘]
I follow many of the smartest (and most sucessful) commentators on Wall Street. The major consensus is to lighten up on stocks--they mostly see more downside under Trump's policies.
He hasn't been around long enough to have much impact on the markets.
The market is reacting to temporary economic uncertainty rather than specific Trump actions
Just amazing. You cannot even admit that the uncertainty is caused by Trump's tariffs.
Blaming only Trump policy for what’s happening in the markets right now is a dullards assessment
Not recognizing that the negative activity in the market is predominantly a result of the uncertainty of Trump (especially his tariffs) shows naivety.
The market is "Foward Looking".
Wise investors/traders know that "Past performance is not indicative of furure results".
Nope, but blaming everything that’s been building for years, on a President that has only been in office for two months, is naive though. Very uniformed and naive.
Like...maybe...?
TARIFFS!!!
Sell, sell, sell …. So I can buy, buy, buy ….. c’mon now!
What, if anything, have you been buying lately?
[✘]
Not exactly what trump's supporters were expecting - I think it is going to get worse before it gets better (if it gets better)
It will get worse as long as Trump supporters keep defending him. Things will have to get sufficiently bad so that Trump supporters feel the pain and realize the pain is a result of gratuitous actions by the idiot they elected.
As long as Trump has sufficient support, he will keep doing what he is doing and Congress will continue to be spineless (fear of Trump using his cult to harm their reelection bids).
What I see happening is that Trump is turning allies into enemies causing detriments to all western people (including Americans themselves) while the Asian nations are solidifying their relationships with each other to better the life of all Asian people. Personally, I'm glad to be in China instead of even my home country.
By the way, when I say 'all western people (including Americans themselves)' I exclude the multi-millionaires and billionaires that Trump could be benefitting, and including himself.
I agree 100%
I would add that perhaps mor importantly, he is convincing all the "unaffiliated" and former moderate liberals looking for change in their lives that they made a mistake voting for Trump
You mean the ones that voted for Trump because they finally realized they made a huge mistake voting for Biden?
No I mean those of us that left the top line blank on the ballot, because t he thought of either Trump or Harris in the White House sickened us
Unfortunately leaving the top line blank helped Trump to win. Such voters may have thought that both were equally bad, but I bet that a lot of then now realized the mistake that they made. As I already have said, I blame the American women for for the result because they did not vote for their own personal best interests. Bad mistake on their part.
Great plan, really great.
In the recent election there was a larger number than usual doing that. So much so that the media coined a term for those people: "Double Haters".
I saw a TV interview of 4 Muslim-Americans from Dearborn. One left the top line blank because he thought Biden (and Kamela Harris) were very "Pro-Israel:. Another thought the same about Harris, so he voted for Trump.
Another voted for a minor party candidate (One way to be ineffectice!)
I don't "hate" anyone wasn't raised that way (I know that makes me a minority in this country these days), but I certainly did not think that either Harris or Trump was an acceptable choice for President. I guess I could have written a name in, but I didn't I left it blank.
Harris lost so many traditional democrat votes - that is what elected Trump
Unfortunately leaving the top line blank helped Trump to win.
Probably contributed along with the mass of moderate Democrats that left the Harris' parade because they felt abandoned.
But I can still look at myself in the mirror and know I made a choice based on my values - I felt neither them should be president and I voted accordingly. I now live with the consequences of my moral choice. Living with the results of our choices (good and bad) is what being an adult is all about.
I never voted for Biden so I wouldn't know.
Okay, so you’re in the group of votes that didn’t count. Gotcha.
SPARTY
That is a very narrow-minded way to look at it and as usual completely wrong
My vote mattered in all the down ballot races- Senate, the House, state elections, local elections, levy issues - so yeah my votes counted. Plus I retained my self respect by not voting for a candidate that I didn't believe in - either of them.
But we have a group of people here to were very clear before the election that such a vote did not count. When I stated that I could not vote for Trump and would not vote for Harris, I was told very clearly that I was throwing away my vote and allowing Trump to win. They didn't care that I vote my conscience, I needed to vote as they told me.
Logically that is the case. Not voting does nothing to stop Trump. Voting for Harris does.
Voting your conscience is your right. Choosing to not vote against Trump, however, did nothing to help prevent him from winning the election.
That was the argument.
Now you twist it into some victim scenario where you were told how to vote rather than an argument for why anyone who did not want to see Trump in office should have voted for Harris. And the argument for why Trump was and is unfit and never should have been allowed access to the power of the presidency.
I need to vote as my conscience tells me - n one else's opinion really matters in the end.
People here on NT on both sides of every issue can't see any farther than their own opinions and when someone disagrees with them - the hate fest begins
ROBERT
No it isn’t and as usual …… it is spot on.
It was not my intention to accuse anyone of being a "hater". Rather I was jsut trying to point out that there was a relatively large number of people in the recent election who didn't like either candidate.
People on the Internet like to create "clever" labels, memes, etc, so they coined the phrase "double haters" to label people who didn't like either candidate.
(Seems especially prevalent on Tic Tok and Instagram)
I'm not in the habit of frequently giving advice online, but if I were my advice woulce would be not to listen to what other people are telling you about your vote!
(While it may not be true, after many years on social media forums, I have come to the conclusion that most people are total idiots!)
SPARTY
No it isn't it is dead wrong!
Krishna
I took no offense - I simply disagreed thanks for the back and foth
I have never used TikTok or Instagram -
People who need a label, or a meme or a copy of what someone else said because they are unable to articulate their own points amuse me.
You are a very wise one!
I n my experience it always gets better. What's difficult to predict is...when?
A few weeks, months-- or years?
Maybe Trump will get scared of a major defeat during the Midterms and roll back tariffs and take other actions designed to help the market? (But it may be too late...my guess is that if left unchanged his policies will result in a major landslide for the Dems).
And if you have some money in the Market-- what actions should you take?
Some people panic and sell some great stocks-- at too big of a loss. Some people buy gold. Both were good strategies-- if they were done earlier. Now its mostly too late.
Still might not be a bad idea to buy a little bit of "defensive" stocks-- for example certain utilities. The good ones do OK in a bad market (and while you are waiting for the economy to improve, you collect dividends)
If you are collecting dividends, you can "Dollar Cost Average" by using "DRIP" ("Dividend Reinvestment Plans")..
Finally, trading "drivatives" (this gets a little technical). Instead of buying a stock outright, sell a Put on a stock you want to own. doing that you automatically buy it at a lower price (if its "put" to you) but more importantly you collect income.
And of course selling Puts brings in income....
I forgot to mention: selling Covered Calls.This strategy is is great in an unpredictable market. It generates income, and if done properly you come out ahead.
Every trade has a possible downside of course. But with Covered calls the only downside is that you miss out of large gains if the market takes off (not likely now).
Well actually you can lose money if you are using really lousy stocks.....(but this is not a good market to increase risk--- only buy solid companies).
You are of course right! When is the real question!
And if you have some money in the Market-- what actions should you take?
I didn't move a cent in 2008 (The Great Recession remember) and things turned out alright. I am an old fart so I will likely take the same approach today (at least for now)
That's not a bad approach in this market!