OT - Dow plunges 1,175 - worst point decline in history

[Elefantino]

I hereby order the Dow to soar to 30,000.

[XXtwindad]

I'm not as well-versed in economics as some of the other members, so I'm wondering if the chaos in Italy has any relevance to this thread...

[Tony T]

Buckle up Monday...
"At 5 p.m., after financial markets closed, the president tweeted that he was escalating the trade war further, applying a 15 percent tariff to $300 billion worth of Chinese imports starting Oct. 1 and raising the rate on $250 billion of imports to 30 percent from 25 percent."
https://www.nytimes.com/2019/08/24/u...core-ios-share

[Tony T]

Originally Posted by XXtwindad

I'm not as well-versed in economics as some of the other members, so I'm wondering if the chaos in Italy has any relevance to this thread...

"Beyond the trade wars and Brexit, Mr. Powell’s speech cited a potential Chinese crackdown on Hong Kong protesters and government instability in Italy as factors in a turbulent summer for financial markets."

[PQJ]

The SEC needs to investigate trades by members of the Trump Crime Family, their affiliates in the GOP and their respective comrades.

[Vientomas]

Originally Posted by PQJ

The SEC needs to investigate trades by members of the Trump Crime Family, their affiliates in the GOP and their respective comrades.

+1. Who is profiting from the market swings?

[Burnette]

Originally Posted by PQJ

The SEC needs to investigate trades by members of the Trump Crime Family, their affiliates in the GOP and their respective comrades.

I hope the thread stays open so we can talk about the Dow and market.

All I'll say to this is that it's bigger than a small group, even though one at the top can jostle the jar. Things would have come to a head on trade no matter who got the crown and I'll cede the argument that I would want a defter hand at the wheel too.

Back on topic, forvlong term investors, we will live through it, it's the frequent traders that are bouncing off the wall because every metric they ever learned to follow has been thrown out of the window.

[echappist]

Originally Posted by Burnette

I hope the thread stays open so we can talk about the Dow and market.

All I'll say to this is that it's bigger than a small group, even though one at the top can jostle the jar. Things would have come to a head on trade no matter who got the crown and I'll cede the argument that I would want a defter hand at the wheel too.

Back on topic, forvlong term investors, we will live through it, it's the frequent traders that are bouncing off the wall because every metric they ever learned to follow has been thrown out of the window.

don't forget the people who need to withdraw money, though granted, those near retirement shouldn't have that much exposure in the first place (so 10% reduction on 30% of portfolio represents a 3% drop in portfolio value)

[Burnette]

Originally Posted by echappist

don't forget the people who need to withdraw money, though granted, those near retirement shouldn't have that much exposure in the first place (so 10% reduction on 30% of portfolio represents a 3% drop in portfolio value)

Agree, at that stage of life you should allocate properly to minimize volatility.

I watch the gyrations of the market with interest but always play long term.

On the market, Germany is weak as exports slow and as such, so goes the rest of the EU. China is struggling but they can handle the blow, the UK is screwed no matter how they exit and the US is the strongest light. There won't be a dull moment in the market going forward, except more of the unexpected.

[Spoker]

China vs DT is almost like a bike race: 'I'm hurting bad, but I will make you hurt as bad".

[joosttx]

Originally Posted by Spoker

China vs DT is almost like a bike race: 'I'm hurting bad, but I will make you hurt as bad".

I feel when all this settles a major ramification will be the burning of the Amazon forest so Brazil can supply China with cheap soybeans. Maybe the midwestern farmer can replant their farms with a rainforest to replace the O2 and market they lost.

[echappist]

Originally Posted by Spoker

China vs DT is almost like a bike race: 'I'm hurting bad, but I will make you hurt as bad".

more like a 12-round boxing match

no one is gonna come out of it looking pretty, and both may sustain permanent damages

[oldpotatoe]

Originally Posted by echappist

more like a 12-round boxing match

no one is gonna come out of it looking pretty, and both may sustain permanent damages

Yup but the later rounds will be after Nov, 2020...no doubt China is willing to stick their fingers in trump’s eye just to watch him go off into left field, hit the twitter sphere and turn more people off. trump is way better for the progressive movement than PRESIDENT Obama ever was.

[nickl]

Originally Posted by oldpotatoe

Yup but the later rounds will be after Nov, 2020...no doubt China is willing to stick their fingers in trump’s eye just to watch him go off into left field, hit the twitter sphere and turn more people off. trump is way better for the progressive movement than PRESIDENT Obama ever was.

Hopefully you are right. The pseudo populist led governments in the US, UK, Italy, Brazil, etc. are wreaking havoc with the world economies, the environment including acceleration of global warming and democratic institutions.

[oldpotatoe]

Originally Posted by nickl

Hopefully you are right. The pseudo populist led governments in the US, UK, Italy, Brazil, etc. are wreaking havoc with the world economies, the environment including acceleration of global warming and democratic institutions.

YUP, and a couple of BIG ones..US and The other in mid-east, wreaking havoc, then wondering why there is a refugee problem..