Market reaction to Trump's China tariffs? DOW crashes over 700 points!!!

You're a one trick pony-- same trick. You deliberately truncated my post and removed the multiple links that proved Wall Street took a tumble due to Trumps announcement of tariffs against China. Trump loves to tell the same lie over and over without proof. He hopes the shear repetition of the lie turns it into the truth. And some of his followers suck it up hook line and sinker. Ask Joseph Goebbles Hitler's minister of propaganda he knew this. Here's a restoration of my original post with the links that you remove restored.

1 Yahoo finance
The Dow Jones industrial average sank 420 points Thursday after Trump announced that new tariffs on imported metals will be implemented next week.
The S&P 500 and Dow are now both in the red for 2018.
https://finance.yahoo.com/news/dow-plunges-trump-says-tariffs-181900151.html


2 MSN News
Dow plunges 500 points as Trump moves to impose China Tariff
https://www.msn.com/en-gb/news/poli...trump-moves-to-impose-china-tariff/ar-BBKzwpU

3 Business Insider
Dow plunges after Trump says tariffs are coming next week
https://www.businessinsider.com.au/dow-plunges-after-trump-says-tariffs-are-coming-next-week-2018-3

4 Rush Limbaugh
RUSH: The Dow Jones Industrial Average is down about 500 points on the announcement that Trump is going to impose tariffs. Now, they haven’t been imposed yet. That’s gonna happen next week. It’s just the talk of the imp… They’re taxes. This is foreign exporters and the Dow Jones Industrial Average is now down by (let’s see) 485. So it’s in the 500 ballpark.
https://www.rushlimbaugh.com/daily/2018/03/01/trump-announces-tarrifs/


5 Money Morning
Goldman Sachs Group Inc. (NYSE: GS), the global investment bank once run by Gary Cohn, has weighed in on the impact of steel and aluminum tariffs on U.S. companies. Goldman projects that both U.S. automotive giants General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F) could both take a $1 billion loss due to the president's proposed tariffs
https://moneymorning.com/2018/03/07...ter-gary-cohn-resigns-from-trump-white-house/


Trump is now the color orange with yellow stripes down his back
bostonglobe.com/2018/03/05/tariffs...
"By midday Monday it was clear his position on tariffs was similar to his position on building a border wall: He isn’t backing off, but don’t expect it to happen any time soon. Trump took Washington and Wall Street by surprise late last week when he announced at a meeting that he wanted to impose a 25 percent tariff on steel and a 10 percent tariff on aluminum."
https://www.bostonglobe.com/news/po...your-breath/wev8XBN15T6uIxmzX7aokI/story.html

 

The points about the stock market falling due to Trumps announcements are correct.
The importance to the economy of these falls however are not worth bothering about as they only contributed to a one or two day fall.
Storm in a teacup. Predictions of global meltdown and apocalyptic hysteria has made fools of their proponents. Once again.

Essentially this is a case of Trumps enemies clutching at straws. Selling an agenda first, giving a balanced appraisal of the economics second. If at all.

 

In terms of purchasing power, or the demand? you think America is the only market for cheaply made goods?

It could, but it would result in the same disastrous results that we're seeing from the tit-for-tat with China that our markets are experiencing now.

 

What disaster are you talking about?

Methinks your "disaster" is not a disaster at all.
It is just you trying to pretend there is a disaster to score points against your political rivals.
I see no disaster.

Only loud wailings from the usual loud wailers.

 

Stocks have fallen 3,000 points, a 10% loss in value, in a little over 2 months. Sure, everything is fine, everything is good. 500 points today alone, so far.

 

Stocks have fallen and recovered again.
And the reason they fell was only in part fears of tariffs.
They have fallen 500 today, I'll take that at face value. They will most likely recover in the next few days. Just as the previous falls did.

Do not panic. Never panic. Stocks exchanges rising and falling by 500 points is not a disaster. It's fairly normal.

 

The previous falls have NOT been recovered. Again, we're 10% off of the high point from two months ago, we're in correction territory right now.

Continuous losses in the stock market ARE something we've seen before, but only a dolt would claim that it's a GOOD thing.

 

I don't claim loses are a good thing.
I claim the amount of loses you are discussing are not a disaster.

You are 10% lower than a high of two months ago. Level with 3 months ago. 10% up from 4 months ago and 66% up on 5 years ago.
Depends how you want to look at it.

Where is the disaster of which you spoke?

Lets consider 9/11. A disaster. Stocks dropped by 39% in one day. Thousands of people died. And multiple wars were declared.

 

K, why don't you go ahead and dictate what number exactly constitutes a disaster.

Losing 6+ months worth of gains in 2 months is a disaster in my book. Oh, and we're just at the beginning of these trade tiffs. If you think this is it, you're sorely naive.

 

From an all time high.. Did you expect it to go up forever?

 

Almost every single day in Dow history from 2013 on was an "all time high", that doesn't really impress me.

 

I expect my president to not create a stock market crash by implementing a trade war on a whim.

And to not attack a US based company because of his hatred for a US newspaper.

 

Lets pretend China doesnt have Tariffs....

Amazon has some practices that need to be looked at never mind their very nice agreement with the USPS that helps Amazon a ton meanwhile the USPS is in the negative.

This is one of the agreements
https://www.scribd.com/document/254642175/Amazon-USPS-Sunday-Deal

Notice all the redactions.

 

Also partly due to Trump's threats to Amazon, implementing new taxes on companies like Amazon, threat to kill NAFTA, and his general animosity to all of our trading allies.

 

Losing two months worth of gains. Not 6 months.
Stock prices are up 10% from 6 months ago. Not down.

 

Trump started a trade war and it started a crash of the US Stock Market.

Trump attacked a US based company, a company that his campaign personally used to the tune of tens of thousands, solely because of his hatred for a US based newspaper which is partly owned by the same owner.

 

Basically, yes.
As long as there is inflation, stock prices should rise.
As long as the economy is growing in productivity and population, it should also continue to rise.

To all intents and purposes it should always be rising. There will be blips however.

It should be noted by Republicans however that the stock market stagnated throughout the Obama years. Barely rose it all. If at all.
Given inflation, that means it was shrinking in real terms.
Trump's term has seen a dramatic improvement in the stock market so far. A revival.
Around 50% up. All the gains in the last 5 years have been on Trump's watch.

 

Fine, the last time the Dow was at 23,600 (where we are now) was 5ish months ago. So, sorry, we lost FIVE months worth of gains.

 

Hmm...November 2nd, the Dow Jones ended at 23,516...It is currently at 23,627.

So yea, 6 months.

 

Six months ago technically would be October. The point, however, is that we've lost several months worth of gains in a couple.

 

The Dow is down again today but if you missed the last run up in the market now would be a good time to put a little money to work. Facebook down 20%? Time to buy because it will recover at least half of that back for a gain of about 10%. The same for the market as a whole. Some of us have been waiting for an opportunity to put some extra money to work.

 

Pretty sure that was what people thought last Friday, and the previous Friday, and the Friday before that.

 

So you dont want to discuss the topic i see.

China has Tariffs us using the same level of Tariff is called equal not a trade war.

Amazon has issues outside of its ownership of a Newspaper you did not read a damn thing i wrote.

 

I was simply stating facts.

You chose to respond by echoing the Trump talking points (read: not facts).

 

Where several = 2.
Two months of gains lost in two months.
4 months ago, the stock market was level with today.



All that said a loss is a loss and tariffs are a big part of the reasons for it. Quite possibly the primary driver in them.
Tech companies have their own unrelated issues of course. This is also a big factor.
Just as the recent rapid 10% gain that had left it over valued was.

Also.. it's Monday. We expect the Dow to be down on Mondays.
Just as we expect it to be down in the mornings. Traders are creatures of habit. They must sell before they can buy.