Tariffs Catch-All

  • Thread starter Thread starter BubbaOtis
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Right now - Trump has complete control over this market. There will come a time when his actions cause real economic consequences and that is when he will lose control. I would not buy or sell until we get to that point - either on the positive or negative. You are just gambling on the whims of one person if you invest today. You might win. He might relent and provide relief but you might lose and he might just let this shit crash to 2008 levels. Even with a long horizon - we just don't know the ramifications of his policies and how they might affect medium and long term economic activity.
 
As of now, the futures have about halved the losses predicted last night but still deep in negative opening territory (-2.15% for Dow, -2.47 for S&P and -2.85 for NASDAQ).

The Stock Market’s Fear Gauges Point to a Bounce, Not a Bottom​

The ingredients are in place for a ‘sucker’s rally’ in stocks​


GIFT LINK 🎁 —> https://www.wsj.com/finance/stocks/...f2?st=D6RazG&reflink=mobilewebshare_permalink
Seeing NASDAQ currently down -8.76 and has been around that for the most part. Was down ~-10% much earlier. I’m looking at CNBC so not to say they’re right. It is their app.
 
CNN has an article on freaking Jamie Dimon now saying the tariffs are bad. Dude was all about them in January telling folks to "get over it."

Another simpleton who didn't listen to what Trump said and just had dreams he would be milder...
 
CNN has an article on freaking Jamie Dimon now saying the tariffs are bad. Dude was all about them in January telling folks to "get over it."

Another simpleton who didn't listen to what Trump said and just had dreams he would be milder...
Jamie is a politician. Of course he changed his tune when his job is on the line
 
IMG_6184.jpeg

In the most recent report, inflation ticked up for food overall, but mainly for meat and eggs on the groceries side and otherwise more for eating out.

In any event, is he implying that he is tanking world markets to cool inflation?
 
IMG_6184.jpeg

In the most recent report, inflation ticked up for food overall, but mainly for meat and eggs on the groceries side and otherwise more for eating out.

In any event, is he implying that he is tanking world markets to cool inflation?
There is no inflation.
 
Jamie is a politician. Of course he changed his tune when his job is on the line
Yeah, Dimon seems not to be reversing from his “get over it” response to tariffs in January as he is saying he assumed there would be / there needs to be a plan for resolving this without an extended trade war. Basically, he seems to be arguing that he expected a short-term modest increase in tariffs along the Nixon model (10% unless you revalue against the dollar) versus what Trump unveiled with no clear approach for resolving the rates imposed. 🤷‍♀️

BTW, he also challenged proposed top earner tax cuts and said the Buffet Rule (minimum tax for the wealthiest) should be adopted, which is laughably unlikely in this Congress …
 
Dimon has long tried to straddle both parties. He is self serving - or at least serving his business. I'm not sure what else anyone would expect.
 
From CNN CNN’s audience shares its thoughts on tariffs:

I voted for Trump and I'm not too concerned. I haven't changed any of my spending. … I'm hoping the retaliation tariffs will bring down prices of American products due to lower foreign demand. I believe AI is more dangerous to the economy than any tariff.

— Michael Delgado, 41
Hospitality and leisure
Lake Havasu City, Arizona

__________________________


IDIOT

_____________________________________________

Another..."what did you think was going to happen???" braindead young male

I am moving back in with my parents. Costs are going to go up, and if I move back home I can save on rent and use my parents’ car. As terrible a president as Biden was, I now regret voting for Trump. All the money I had saved in the stock market will be taking a hit as well.

— Matt, 30
Health tech
Miami, FL
 
It seems pretty clear that no one in the financial world expected more than targeted tariffs and big tax cuts - the latter the reason for their support.
 
Yeah, Dimon seems not to be reversing from his “get over it” response to tariffs in January as he is saying he assumed there would be / there needs to be a plan for resolving this without an extended trade war. Basically, he seems to be arguing that he expected a short-term modest increase in tariffs along the Nixon model (10% unless you revalue against the dollar) versus what Trump unveiled with no clear approach for resolving the rates imposed. 🤷‍♀️

BTW, he also challenged proposed top earner tax cuts and said the Buffet Rule (minimum tax for the wealthiest) should be adopted, which is laughably unlikely in this Congress …
I think you may be correct but, IMO, Jamie has only ever done what was best for Jamie and not for anyone else but maybe I'm jaded bc of his stupendous ignorance in the past. IDK, like trump et al I'm kinda tired of hearing/reading him discuss financial matters. He, again IMO, thinks he's on par with Morgan when it comes to finance and he's not. (Not that Morgan was a champion of the everyday man either but at least he was a brilliant financial guy)
 
It seems pretty clear that no one in the financial world expected more than targeted tariffs and big tax cuts - the latter the reason for their support.
Politicians and supposedly smart business people all believe Trump has a bottom and predict accordingly. He doesn't.
 
Hey Krafty, by chance do you have the DOW number and the NASDAQ number reversed?
I don't think so. But that was around 4:30am. As others have noted. it bounced back a good bit. We will see where it opens.

European car manufacturers are putting a temporary hold on car shipments to us. In fact, Audi has a ship waiting, and will keep on wait I guess at the port or off coast, for awhile.
 
I think you may be correct but, IMO, Jamie has only ever done what was best for Jamie and not for anyone else but maybe I'm jaded bc of his stupendous ignorance in the past. IDK, like trump et al I'm kinda tired of hearing/reading him discuss financial matters. He, again IMO, thinks he's on par with Morgan when it comes to finance and he's not. (Not that Morgan was a champion of the everyday man either but at least he was a brilliant financial guy)
I am not arguing whether to hold him or his opinions in high regard so much as being aware that many in the markets do.
 
I am not arguing whether to hold him or his opinions in high regard so much as being aware that many in the markets do.
Oh I understand your stance and I agree with you! Apologies if it seemed like I was disagreeing bc I absolutely wasn't! Just stating my opinion on the guy! Whether I'm correct or not...IDK...but agreed, many do regard his opinion high. They shouldn't, but they do.

The only positive I can see is his position on cryptocurrency despite me having several 1000 in crypto.
 
I don't think so. But that was around 4:30am. As others have noted. it bounced back a good bit. We will see where it opens.

European car manufacturers are putting a temporary hold on car shipments to us. In fact, Audi has a ship waiting, and will keep on wait I guess at the port or off coast, for awhile.
Looking forward to trump saying something about this then peddling tesla as the answer
 
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