Mileage Psycho Posted April 4, 2018 Share Posted April 4, 2018 We have seen presidents make errors, we have never seen a presidents whose policies have so negatively affected the markets until now, and it's not only the markets it's the pork and soybean farmers, manufacturing, etc. This is just plain stupid. Quote Dow plunges more than 500 points on trade war fears after China retaliates to US tariffs Stocks plunged at the open on Wednesday after China announced new tariffs on 106 more U.S. products, increasing worries. The Dow Jones industrial average tanked more than 500 points, with Boeing and Caterpillar leading all stocks in the index lower. The S&P 500 dropped 1.3 percent, with tech and industrials as the worst-performing sectors. The Nasdaq composite declined 1.6 percent. "I think the market is just concerned about this thing escalating right now," James Paulsen, chief investment strategist at The Leuthold Group, told CNBC's "Squawk Box." "It's not so bad if we have a few tariffs on a few products, but if it escalates worldwide, … then you're really threatening the recovery globally." China's Ministry of Commerce said the tariffs are designed to target up to $50 billion in U.S. products annually and would hit goods like soybeans and cars. The move comes less than a day after President Donald Trump issued a list of Chinese imports that the U.S. administration aims to target as part of a crackdown on what the president sees as unfair trade practices. Automakers were down, with Ford and General Motors off 2 percent and 1.5 percent, respectively. Boeing was also slammed, falling more than 3.5 percent. Caterpillar also declined 3.5 percent, while United Technologies — another Dow component — fell 2.3 percent. Perceived safe-haven assets got a bid higher on Wednesday. Gold futures rose 0.8 percent to $1,347.60 per ounce while the 10-year U.S. Treasury yield fell to around 2.75 percent. Bond yields move inversely to prices. Trump tweeted later in the morning: "We are not in a trade war with China, that war was lost many years ago." Wednesday's moves come a day after the major indexes closed sharply higher as tech rebounded from steep losses seen in Monday's sessions. In economic news, the ADP National Employment Report showed private companies added 241,000 jobs in March, more than the expected gain of 205,000. The services purchasing managers' index (PMI) is scheduled for release at 9:45 a.m. ET. Meantime at 10 a.m. ET, non-manufacturing ISM report on business is due as well as factory orders. —CNBC's Sam Meredith contributed to this report. https://www.msn.com/en-us/news/other/stock-futures-plunge-with-the-dow-heading-for-a-500-point-drop-after-china-announces-new-tariffs/ar-AAvrOZU Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted April 4, 2018 Platinum Contributing Member Share Posted April 4, 2018 @DriftBusta What is InvestaBusta telling his clients....... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 4, 2018 Platinum Contributing Member Share Posted April 4, 2018 Probably to sit tight as it has already picked up 175 points of that loss. Quote Link to comment Share on other sites More sharing options...
JEFF Posted April 4, 2018 Share Posted April 4, 2018 Lol at flinching at daily swings... Quote Link to comment Share on other sites More sharing options...
Anler Posted April 4, 2018 Share Posted April 4, 2018 20 minutes ago, SnowRider said: @DriftBusta What is InvestaBusta telling his clients....... Investabusta ( ) Isnt the guy making those calls, his company has smart people who do that for them. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 4, 2018 Share Posted April 4, 2018 (edited) Could you imagine the reaction from our local Reich wing if Obama’s comments were creating this type of reactions in the market? Omfg. They’d be having estrogen attacks. Edited April 4, 2018 by spin_dry Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted April 4, 2018 Share Posted April 4, 2018 5 minutes ago, spin_dry said: Could you imagine the reaction from our local Reich wing if Obama’s comments were creating this type of reactions in the market? Omfg. They’d be having estrogen attacks. they'd have been dead from head explosions a long time ago. starting back when a dem would have refused to show their tax return. Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted April 4, 2018 Share Posted April 4, 2018 and they run around calling others "hacks" Quote Link to comment Share on other sites More sharing options...
Momorider Posted April 4, 2018 Share Posted April 4, 2018 1 minute ago, Snoslinger said: and they run around calling others "hacks" And hypocrite cuz you are one Quote Link to comment Share on other sites More sharing options...
Dave Posted April 4, 2018 Share Posted April 4, 2018 Up 150 from opening bell drop Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 4, 2018 Platinum Contributing Member Share Posted April 4, 2018 It's funny all the Bernie supporters biggest bitch about Obama was his policies helped wall st but did nothing for main st. Now someone is doing something for main st instead of wall st and they bitch Quote Link to comment Share on other sites More sharing options...
Dave Posted April 4, 2018 Share Posted April 4, 2018 Still going up.... 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted April 4, 2018 Share Posted April 4, 2018 7 minutes ago, steve from amherst said: It's funny all the Bernie supporters biggest bitch about Obama was his policies helped wall st but did nothing for main st. Now someone is doing something for main st instead of wall st and they bitch nothing he has done so far gives anything more than lip service to helping main st. In a trade war some iron workers might get jobs, farmers lose theirs, small businesses that export close. Wall street will always get theirs, they will push companies to drive up prices and automate and reduce workers to make sure they are getting their returns in the long run. Trumps dangling thoughts of a return to 50's era blue collar prosperity are horseshit but throw in a little racism to stir emotions and those who will ultimately suffer somehow jump on board and the rich just laugh cause dem or pub in charge they still win. 1 Quote Link to comment Share on other sites More sharing options...
Im4snow Posted April 4, 2018 Share Posted April 4, 2018 1 minute ago, Angry ginger said: nothing he has done so far gives anything more than lip service to helping main st. In a trade war some iron workers might get jobs, farmers lose theirs, small businesses that export close. Wall street will always get theirs, they will push companies to drive up prices and automate and reduce workers to make sure they are getting their returns in the long run. Trumps dangling thoughts of a return to 50's era blue collar prosperity are horseshit but throw in a little racism to stir emotions and those who will ultimately suffer somehow jump on board and the rich just laugh cause dem or pub in charge they still win. Trump should do a beer summit. Less waves, easier sailing. Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 4, 2018 Share Posted April 4, 2018 55 minutes ago, spin_dry said: Could you imagine the reaction from our local Reich wing if Obama’s comments were creating this type of reactions in the market? Omfg. They’d be having estrogen attacks. Indeed. Neal Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 4, 2018 Share Posted April 4, 2018 23 minutes ago, steve from amherst said: It's funny all the Bernie supporters biggest bitch about Obama was his policies helped wall st but did nothing for main st. Now someone is doing something for main st instead of wall st and they bitch It's not doing for main Street here.... It's the opposite in fact. Neal Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted April 4, 2018 Share Posted April 4, 2018 2 minutes ago, Im4snow said: Trump should do a beer summit. Less waves, easier sailing. trump should try to not be a constant lying piece of shit stirring up the emotional right who believe all the shit he's pulling out of his ass. 1 Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted April 4, 2018 Share Posted April 4, 2018 59 minutes ago, spin_dry said: Could you imagine the reaction from our local Reich wing if Obama’s comments were creating this type of reactions in the market? Omfg. They’d be having estrogen attacks. Trump is being a complete fucking idiot. His little game this week is hurting millions of people. Fuck him. Quote Link to comment Share on other sites More sharing options...
Im4snow Posted April 4, 2018 Share Posted April 4, 2018 still going up. Quote Link to comment Share on other sites More sharing options...
Im4snow Posted April 4, 2018 Share Posted April 4, 2018 So -500 points became -50 points in 3 hours. Quote Link to comment Share on other sites More sharing options...
hayward Posted April 4, 2018 Share Posted April 4, 2018 1 hour ago, AKIQPilot said: Trump is being a complete fucking idiot. His little game this week is hurting millions of people. Fuck him. be careful, don't get sucked in to the dark side just yet. We're only halfway through the week.... 1 Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 4, 2018 Share Posted April 4, 2018 11 minutes ago, hayward said: be careful, don't get sucked in to the dark side just yet. We're only halfway through the week.... Hating Trump isn't the dark side, it's the right side! Neal Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted April 4, 2018 Share Posted April 4, 2018 Just now, NaturallyAspirated said: Hating Trump isn't the dark side, it's the right side! Neal Hating? Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 4, 2018 Share Posted April 4, 2018 16 minutes ago, Im4snow said: So -500 points became -50 points in 3 hours. Better come back, we just blew, what 300-400 billion a year on a tax break! Neal Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted April 4, 2018 Platinum Contributing Member Share Posted April 4, 2018 1 minute ago, NaturallyAspirated said: Hating Trump isn't the dark side, it's the right side! Neal You’re correct about Dump.....like we were 2 years ago. You and your ilk fucked up and now you reap what you sew Quote Link to comment Share on other sites More sharing options...
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