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Dow Slides Another 1k Points. Nasdaq on Pace to Enter Bear Market

103 点作者 pera大约 1 个月前

19 条评论

throwaway63467大约 1 个月前
Does anyone think they’re doing it on purpose to profit from short selling stocks? I mean they peddled two sh*tcoins right on Inauguration Day so it doesn’t seem too far fetched they would intentionally tank the stock market as well. It’s hard to see any other angle to this ridiculous policy. If you know where stocks are going you can profit regardless whether they go up or down, and making them go down is easier than making them go up, as a president.
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xnx大约 1 个月前
Imagine being Fed Chair Jerome Powell. You've just successfully nailed the post-COVID disruption softlanding by amazingly bringing down inflation AND unemployment at the same time. The American economy is roaring and the envy of the world. Then, a collective of the absolute least-qualified, most vindictive, idiots comes in and sets the US back 100 years for absolutely no good reason. Voting everyone involved out of office won't be nearly enough.
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jmyeet大约 1 个月前
What ends up destroying fascism is prizing loyalty above all else. If you look at the likes of Luaren Boebert or Marjorie Taylor-Greene, these are seriously, without hyperbole, some of the dumbest people on the planet. But they&#x27;re loyal. And that&#x27;s the point, so we end up with sycophantic morons.<p>I say this because if we had a legislative branch that hadn&#x27;t completely abdicated its responsibility, they would act to strip tariff power from the president, at least temporarily, which they can do with a simple Act of Congress with a veto-proof supermajority. The Democrats would be on board.<p>Just remember this: as much damage as the president is causing, Congress could step in at any moment but they don&#x27;t and won&#x27;t, at least until things get much, much worse.<p>Blanket tariffs don&#x27;t work. The goal here seems to be to reduce reliance on Chinese goods (without setting up any manufacturing to replace it, I might add) and&#x2F;or to get rid of the one remaining progressive tax: income tax.<p>We have precedent for all this: tariffs in the early part of the Great Depression. And what did they do? They made everything worse and the US sunk further into recession.<p>I&#x27;m not sure people realize just how dire the situation is. In other countries, this would have us sliding dangerously close to coup territory. Yet a significant portion of our population, who are the most affected and will see their standard of living decline further, celebrate it.<p>How are those egg prices doing?
amazingamazing大约 1 个月前
On the bright side, the environment will do better since people will be buying less stuff.
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kerkeslager大约 1 个月前
For the first time in my investing life I&#x27;m not invested in the S&amp;P 500. I&#x27;m 80&#x2F;20 in European&#x2F;Pacific index funds--hopefully the rest of the world can do better.
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josefritzishere大约 1 个月前
Sincerely I feel bad for everyone with a 401k. According to the CFRA as long as the stock market doesn’t fall 20% or more and enter bear market territory, it takes on average four months to recover from a correction. Unfortunately we already see the bear coming.
W-Stool大约 1 个月前
All this winning.
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tosser0001大约 1 个月前
Unlike previous market turmoil (2008, 2020) where the U.S. at least had established global trade order to lean on for the recovery, this feels like the U.S. could be entering a period of sustained damage. I don&#x27;t see how the U.S. recovers from this in anything like he near term. Americans will have to get used to a long stretch of low economic growth.<p>The global trade order is going to be reconfigured, but not in the way the Trump thinks. The U.S. is throwing up a wall around itself, but the rest world will continue with the current regime and likely move away from the U.S. permanently.<p>What&#x27;s sad is, the Congress could simply revoke the ability for Trump to single-handedly make these tariffs, but they appear too cowed to do anything about it.
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RickJWagner大约 1 个月前
Note that the Shiller ratio is still 31.3<p>There is much room for further decline. Stocks remain highly valued.
bugbuddy大约 1 个月前
Hello margin-call, my old friend…
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faefox大约 1 个月前
Trump really held a gun to the head of the American economy and pulled the trigger.
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krapp大约 1 个月前
But the price of eggs is going down, right? Right? Guys? Bueller? Bueller?
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penguin_booze大约 1 个月前
In contrast, when Lizz Truss wrecked havoc in the UK, she lasted only more than a month. And that was in a place that has only a fraction of billionaires as US do.
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biophysboy大约 1 个月前
Obviously this will have enormous economic consequences if the &quot;policy put&quot; has a lower strike than the world needs, but I&#x27;m honestly more curious about the long-term political effects of this.<p>Trump has made the GOP more populist and in response the Dems have become more institutionalist. Long-term tariffs could lock in this trend, with finance and business resigning themselves to settle for the latter political camp. Basically, business would trade vicious efficiency for reliability&#x2F;predictability, while the dems would trade Bernie bros for the business class.
aixpert大约 1 个月前
my conspiracy hat tells me that this one is one of the biggest incidences of insider trading ever, where the government willfully tries to push down the markets because Participants might have secret put options.
breaker-kind大约 1 个月前
WOOHOO!
yawpitch大约 1 个月前
Ahh, interesting times.
leeoniya大约 1 个月前
&quot;it&#x27;s gonna be wild&quot;
jmclnx大约 1 个月前
I know people who had to retire (via IBM) last year. Their biggest worry when Biden was elected in 2020 was &quot;Biden will destroy my 401k&quot;.<p>Now that their retirement account has fallen +10% thanks to Trump, I will have to find out what they think. Could be a risky question if I decide to ask them.<p>Also I am surprised Wall Street is not revolting against the GOP. My guess is they are praying for the big tax cuts first.<p>Between this and the tax cuts, Zimbabwean Dollar is looking good &#x2F;s