Economy Nasdaq 100 Heads for Worst Day Since 2022 as $1 Trillion Zapped

[AmonTobin]

By doing exactly what I said in the post? Either have countries pay a premium to sell here, bringing in revenue. Trump calls it the external revenue service.

Or they will be forced to bring jobs back here, like the manufacturing jobs recently, that then stimulates the economy, and people need less handouts because they are working, and the economy is moving

First of all, you're not accounting for retaliatory tariffs.
Secondly you can't substitute specific imports with "homegrown", if the US simply doesn't have the specific resource or the industry.
Thirdly, you can't have a healthy economy if you're not offsetting the big corp's massive income revenue with their fair share of income tax contributions.

 

[wlu.29]

“Since 2022” so it was worse in 2022 with Biden as president. Regardless, it still recovered as it always does.

We, with disposable income will buy the dip, make big profits, and in a few months, the hysteria will prove to be just that

So it's not the globalists manipulating the market, as trump suggests? Or is trump himself the manipulator?

 

[Brampton_Boy]

Great, then why are you opposed to these tariffs, which are basically taxes on large international corporations?

Normal taxes wouldn’t normally affect them, as they can evade by going over seas, have the CEOs and such have primary residence and bank accounts over seas, various loop holes, etc.

This directly affect their bottom line and will either force companies to manufacture here, which there are already results, or pay a tax, which will help relieve the tax burden of Americans?

Tariffs are not remotely the same thing as taxes on large corporations. Are you familiar with something called the passthrough effect? It has been proven (repeatedly) that the cost of tariffs are "passed through" to consumers.

Read "The Return to Protectionism" is a great paper that helps explain the phenomenon in plain language.

 

[wlu.29]

Tariffs are not remotely the same thing as taxes on large corporations. Are you familiar with something called the passthrough effect? It has been proven (repeatedly) that the cost of tariffs are "passed through" to consumers.

Read "The Return to Protectionism" is a great paper that helps explain the phenomenon in plain language.

He doesn't understand, nor care, it's only parroting whatever trump says

 

[Andy Capp]

By doing exactly what I said in the post? Either have countries pay a premium to sell here, bringing in revenue. Trump calls it the external revenue service.

Or they will be forced to bring jobs back here, like the manufacturing jobs recently, that then stimulates the economy, and people need less handouts because they are working, and the economy is moving

lol

Found a picture of this guy IRL,

 

[Andy Capp]

Tariffs are not remotely the same thing as taxes on large corporations. Are you familiar with something called the passthrough effect? It has been proven (repeatedly) that the cost of tariffs are "passed through" to consumers.

Read "The Return to Protectionism" is a great paper that helps explain the phenomenon in plain language.

Please see my post immediately above.

I applaud your sincerity but you're just feeding a troll.

 

[44nutman]

This man has been preaching the gospel for months, and I wish I had listened.

I followed my brokers advice - "You can't time the market" "Time in the market is better than trying to time the market". I'm down $55K since Feb 18th and I own supposedly safe indexed ETFs.

Oh well, just going to ride it out and "try" to add strategically.

The market was overvalued as it was, then mix in tariff stupidity plus Trump flip flops all the time, it was an easy call.
The markets do not like chaos plus algo's trade a lot now so runs either way can happen easier, but you still have to consider the Trump factor. I will get out of this play with money and will not watch my gains melt, but Trump's ego will not let the stock market suffer under his watch or at least he will try to stop it crashing. He will talk a big game about not caring, but will do something like lessen the tariffs, and it will slow down the down turn but it wont stop it.
The other problem is the housing market, lots of people are priced out. Some markets in my area have 27 months supply of homes and most of the markets are over supply and half the markets are starting to decline in values and I am in Central Florida which is an active market. In my market the 700k to 1200k priced homes are dead. The next thing to fall will be the housing market, which will not help the market no matter if Trump starts making smart decisions for the economy or not. The fact he surrounded himself with yes men, is not a promising sign.
So, I sold everything I was not getting dividends on, and even sold a few of those. Mostly kept my Brazilian dividend stocks. Then invested 50% of that cash in shorting the market and have made a killing. Kept the rest of the cash and became part of Warren Buffets cash gang (lots of billionaires started bailing out of the market at the end of last year, so it just was not Buffet). I can go bargain hunting in a couple years. Right now, just let it earn interest which is much safer.
No matter what MAGA Regards will try to tell you, this is a bear market and will be for a while.
The last thing is JPow talks on Wednesday, if inflation is increasing because shit got more expensive from Trumps Dumb Tariiffs then he can’t lower rates. JPow promised two small rate cuts but if that’s off the table then the market will get real ugly which means I will be rich.

 

[Sinister]

It's just incredibly hilarious watching the MAGA mental gymnastics, behaving as if they wouldn't have called for Harris' head if this would have happened under her.

Newsflash: They absolutely would be screaming about her being an inept DEI hire, and how a woman should never be in charge of an economy. And that's even if she accurately predicted a stockmarket crash ahead of time.

But it's ok if Daddy Trump bankrupts us.

All part of the plan.

 

[pinger]

Tariffs are not remotely the same thing as taxes on large corporations. Are you familiar with something called the passthrough effect? It has been proven (repeatedly) that the cost of tariffs are "passed through" to consumers.

Read "The Return to Protectionism" is a great paper that helps explain the phenomenon in plain language.

Wasting your time with him Brampton, he is intellectually dishonest and has no interest in learning anything or admitting he is off base.

 

[Substance Abuse]

Tariffs are not remotely the same thing as taxes on large corporations. Are you familiar with something called the passthrough effect? It has been proven (repeatedly) that the cost of tariffs are "passed through" to consumers.

Read "The Return to Protectionism" is a great paper that helps explain the phenomenon in plain language.

He isn't aware of much, lol.

 

[evergreenrider]

I dont know why you guys are arguing. We could easily bring manufacturing back and be 100% isolationist. We have the infrastructure and capable workforce to support such a load TODAY. Covid global shipping disruptions you point to? Ppffftttt. We could do it all in-house tomorrow.

And these great men that can make this a possibility, you want to tax them?? Shouldn't we be giving even MORE of our earnings to them to help facilitate this? This whole, "tax the rich" thing, you guys better not say that out too loud. We need to respect and admire our saviors.

We gotta get them immigrants out first though. Remember the 76ers? Trust. The. Plan. The golden age of American industrialization awaits!

 

[pinger]

The market was overvalued as it was, then mix in tariff stupidity plus Trump flip flops all the time, it was an easy call.
The markets do not like chaos plus algo's trade a lot now so runs either way can happen easier, but you still have to consider the Trump factor. I will get out of this play with money and will not watch my gains melt, but Trump's ego will not let the stock market suffer under his watch or at least he will try to stop it crashing. He will talk a big game about not caring, but will do something like lessen the tariffs, and it will slow down the down turn but it wont stop it.
The other problem is the housing market, lots of people are priced out. Some markets in my area have 27 months supply of homes and most of the markets are over supply and half the markets are starting to decline in values and I am in Central Florida which is an active market. In my market the 700k to 1200k priced homes are dead. The next thing to fall will be the housing market, which will not help the market no matter if Trump starts making smart decisions for the economy or not. The fact he surrounded himself with yes men, is not a promising sign.
So, I sold everything I was not getting dividends on, and even sold a few of those. Mostly kept my Brazilian dividend stocks. Then invested 50% of that cash in shorting the market and have made a killing. Kept the rest of the cash and became part of Warren Buffets cash gang (lots of billionaires started bailing out of the market at the end of last year, so it just was not Buffet). I can go bargain hunting in a couple years. Right now, just let it earn interest which is much safer.
No matter what MAGA Regards will try to tell you, this is a bear market and will be for a while.
The last thing is JPow talks on Wednesday, if inflation is increasing because shit got more expensive from Trumps Dumb Tariiffs then he can’t lower rates. JPow promised two small rate cuts but if that’s off the table then the market will get real ugly which means I will be rich.

I'm Australian and moved my superannuation (401k) to defensive (fixed interest and cash) as soon as Trump was elected, but those markets are still affected by the international markets and the stupidity that Trump has enacted.

It must be terrifying if you are American and retired and are watching the money you are budgeting to last you the rest of your life evaporate 25% in a week.

 

[Sinister]

I'm Australian and moved my superannuation (401k) to defensive (fixed interest and cash) as soon as Trump was elected, but those markets are still affected by the international markets and the stupidity that Trump has enacted.

It must be terrifying if you are American and retired and are watching the money you are budgeting to last you the rest of your life evaporate 25% in a week.

The most terrifying part is not merely that, it's also that this is likely planned incompetence. Another wealth transfer, this time more so into the hands of the other billionaires who want that stupid Curtis Yarvin Cult vision of a totalitarian USA. People with enough wealth to buy everything up for pennies on the dollar when the economy folds.

 

[pinger]

The most terrifying part is not merely that, it's also that this is likely planned incompetence. Another wealth transfer, this time more so into the hands of the other billionaires who want that stupid Curtis Yarvin Cult vision of a totalitarian USA. People with enough wealth to buy everything up for pennies on the dollar when the economy folds.

I find CT's to almost exclusively be the bastion of the stupid and logically challenged.

But by the same token, as someone who prides themselves on evaluating things based on logic and reasoning, its incredibly hard to make any traditional logical sense of is his recent trade and Ukraine decisions.

Given Occam's razor, complete stupidity, or planned incompetence suddenly becomes the most logical explanations.

Baffling.

 

[Mr Holmes]

I'm Australian and moved my superannuation (401k) to defensive (fixed interest and cash) as soon as Trump was elected, but those markets are still affected by the international markets and the stupidity that Trump has enacted.

It must be terrifying if you are American and retired and are watching the money you are budgeting to last you the rest of your life evaporate 25% in a week.

It has not gone down 25% in a week..

 

[avenue94]

Great, then why are you opposed to these tariffs, which are basically taxes on large international corporations?

Normal taxes wouldn’t normally affect them, as they can evade by going over seas, have the CEOs and such have primary residence and bank accounts over seas, various loop holes, etc.

This directly affect their bottom line and will either force companies to manufacture here, which there are already results, or pay a tax, which will help relieve the tax burden of Americans?

Can you explain to me how putting a tariff on all Taiwanese chips (as Trump is proposing) would benefit US chip manufacturing?

 

[pinger]

It has not gone down 25% in a week..

Point conceded, but Donald is saying "hold my beer" at this stage

 

[avenue94]

I dont know why you guys are arguing. We could easily bring manufacturing back and be 100% isolationist. We have the infrastructure and capable workforce to support such a load TODAY. Covid global shipping disruptions you point to? Ppffftttt. We could do it all in-house tomorrow.

And these great men that can make this a possibility, you want to tax them?? Shouldn't we be giving even MORE of our earnings to them to help facilitate this? This whole, "tax the rich" thing, you guys better not say that out too loud. We need to respect and admire our saviors.

We gotta get them immigrants out first though. Remember the 76ers? Trust. The. Plan. The golden age of American industrialization awaits!

My favorite example of tariffs being dumb is that putting a tariff on Taiwanese chips would lead to Intel suffering even more since they farm out most of their leading edge consumer chiplets to TSMC. But don't worry that will give Intel the boost they need. It would also hurt TSMC's US production since they still have to send chips overseas for packaging a lot of the time.

 

[ermac88]

He said there would be short term pain as he implements his agenda(especially tariffs) and it will be better long term. That likely included the stock market.

He’ll stick with it and he has the rope to stick with it rather than doing inconsequential business as usual things just to keep Wall Street happy and put makeup on the GDP. Neither of which are the temperature of our nation. He ran on not doing business as usual.

He could open up the borders tomorrow and spread our cheeks in trade to every country and have the Koch types rave about our “growth” but he’s making moves and will see it through to the end.

“But he said on the campaign”. Campaigns are all big picture. He means on day 1 things will be set on the right path, not that all our wildest dreams come true.

Short term pain does not mean we’re on the wrong path.

Hopefully there is a plan at play here and not just for billionaires

 

[HunterAcosta]

Meh. MAGA will be proud and homeless on streets starving and selling body for change, with an autographed picture of Daddy to comfort them in the cold, knowing that the suffering they are feeling tlll their bitter end, was necessary for bililonaires and trillionaires(hint Musk isnt REALLY world's richest man) to get their freak offs forever with their Neuralink and merging with AI to be immortal vampires, forever freaks, freaking off. They''ll be proud they owned the libs and saved their daughter's from trans, illegal immigrant, cat/dog eating, communist, fetanyl addict/dealer, rapists, canniablistic, satanic, gay, gun hating democrats.