S&P 500 falls more than 2% as market sell-off intensifies

For now it’s limited to aluminum and steel. Let’s see what the next hour brings…

 

I said it before but his nonsense has to just be market manipulation. No one could possibly be this stupid. (Except for his supporters)

 

all 75 million of them voted for Main Street, not Wall Street.

 

He is that dumb. Just look at all the past businesses he ruined or are left failed in his wake.

 

what happens to the economy when capex gets cut to increase buyback as the multiplier drops and companies ramp up buybacks?
inflation from tariffs
higher unemployment pushes wages down or caps them
reduced gubmnt spending
consumer confidence falling and 50% of consumer spending done by top 10% getting crushed in market right now
reduced capex

all leads to drop in GDP

what is the catalyst that prevents this
lower energy prices due to decrease demand as global activity drops increases profits in energy intensive businesses? airlines??
lower interest rates spurs housing? beat up homebuilders/reits

explain how you see this playing out to me for dummies. world isn't going to cower from his tariffs

 

If Wall Street suffers what do you think will happen to Main Street?

 

ruh roh..he's lost Cramer..maga can't be far behind

‘They’re Crushing Us!’ CNBC’s Jim Cramer Flips Out on Trump Over Stock Market — Says He’s ‘Manufacturing’ a Recession

CNBC host Jim Cramer went off on President Donald Trump for fueling recession fears and cratering the stock market, noting competitor markets are “crushing us” and accusing Trump of potentially “manufacturing” a recession — or worse.

On Tuesday morning’s edition of CNBC’s Squawk on the Street, Cramer repeatedly told co-host Carl Quintanilla that if there’s a recession, it will be because Trump manufactured it, and slammed Trump’s handling of trade with ostensible allies. He went on to say Trump is “playing with fire,” and accused him of “arson.”

JIM CRAMER: Smoot-Hawley 60% increase in tariffs. There isn’t anyone in any history book. I know the president reads history. There’s anyone in any history book that doesn’t say that wasn’t considered–.

That was a considered reason why we had the Great Depression. There isn’t a soul who’s ever said that. You look. Go read Galbraith’s book. It’s really quick. It was a direct cause of the of the depression, not the recession.

 

He must hate America if he dares to question Trump.

 

Cramer is dead wrong Trump doesn’t read. Perhaps we can dig up the guy Trump paid to go to class for him at business school

 

It takes a special level of incompetence to manage a casino operator into bankruptcy.

 

Glad I was at Costco last week and bought aluminum foil

 

Especially with his father laundering money into the casino to try and keep him afloat.*


* research the story. Yes another data point of Trumpy fraud.

 

There painting potatoes I hear.

 

or maybe some rocks

 

Well, for better or worse I'm not a high beta investor at this point so most of that doesn't apply to me.
I agree that the market was pricey and with cash at 4-5% it's easy to be patient, but there can be no doubt that the trump chaos is a factor in the recent declines. To say otherwise is just partisan politics.

I don't see a rate drop anytime soon, unless the economy goes in the tank. JMO.

 

but he does like flattery and he does watch TV and he like loud mouth tv personalities

 

I had no idea so many here were for the fat cats on wall street…

 

Oh I totally agree the Trump chaos has exacerbated that.
Sorry if I didn’t make that clear.

The market had a huge run up post Trump election, much of that has evaporated at this point.

I’ve got years left but I’m not selling anything now unless it’s a position that pops due to specific news.(Have some small pharmaceutical companies that may do so with positive study data).

Otherwise I’m laying in wait. I’ve got about 40% cash right now, unless I see a good reason to buy I’ll stand pat.