Dow Gains ~3,000 points: Largest One-Day Gain in Over 16 years, Reaffirming Trump's Genius

And yet market heading back down today

 

When people actually analyzed what happened yesterday, they realized that the pull back was from about a 27% tariff to about a 24% tariff. Obviously, a move in the right direction, but not nearly as dramatic as initially thought, so they are pulling back a bit.

 

You state "buy the dip" and then talk about not "day trading." Probably without realizing the irony.

 

The Dow still hasn't recovered what it lost, and it's down 1000 points today.....so, no, still a boneheaded move by a mental deficient

 

there's always an excuse...even if that excuse doesn't make a lick of sense

 

I think you’re right, city, that we have a falsifiability problem here. In order for Trump’s wins to have any meaning, there needs to be something that would count as a loss, but it’s hard to imagine what could count as such to his supporters at this point.

 

he's a multi-billionaire because his dad - Fred Trump - built a multi-billon dollar real estate empire (on the back of federal grants for residential homes after WW2) that he leveraged to the hilt and rode the back of. He inherited a great market from Obama. Dow was up almost 150% under Obama, 56% under Trump. Trump is now single-handedly going to sink the economy, just like he sank virtually every business he ever started. Enjoying those Trump Steaks on a Trump plane on the way to a Trump Casino?

Not being American means I don't live inside your one-sided biased misinformation bubble..and can see when someone is as fake as they come, has conned voters into believing he actually knows what the hell he's doing when the rest of the entire world sees what an unqualified moron he is. There is zero thought that goes into anything he does - as is once again obvious from the tariffs on, tariffs off, tariffs on, tariffs off, knee-jerk reaction of everything he does. The man can't even read financial statements (this is 100% true), but somehow he is a "business genius". He's a Class A moron who got where he did by conning gullible people that don't understand how dumb he is. That's why he does so well with uneducated voters.

 

funny how you would say the opposite if the market was down when Biden was in power....but now that Trump is it's "must...support....my...leader...at all costs". The cult is strong in this one.

 

The OP might break the record for having to change his thread title.

 

I would like to formally invite everyone here to celebrate this unique genius by recreating it, with me.

Send me $100. I will immediately subtract 50% from it. But tomorrow, I will add 75%. I am willing to do this in perpetuity. Then you can impress your friends with perpetual 75% gains.

 

This sentiment speaks to my point above, okee. What is it that makes a political move count as a success? Is it the theory behind it? Is it the outcomes that follow? Or is it the identity of the person that performs it?

I think it’s good to have some trust in experts. MAGA’s skepticism of experts is also understandable but often seems to go too far, throwing the baby out with the bath water. But we don’t want to fall into the opposite trap of just trading blind faith from one expert to another. If there is nothing that can happen in the future that would suggest Trump erred, it is really is blind faith.

 

It's very unlikely the stock market will go up in any significant way over the next couple of years. Too much incompetence and chaos at the top.

 

Even with a good inflation report today the S&P is down 4.3%.

 

All of the work we have all put into building our lives, futures, retirements are completely dependent on man's ego. Just like our forefathers had hoped.

 

A good day for you and yours to buy more. Dow is down 1700 as I post.

 

I’ll play …

The gains by Trump’s first term were the product of a racing recovery from the foreclosure recession, recovery started by Obama. Trump did little, of anything to aide or accelerate that recovery. And, the gains were literally evaporated during his term where we had the worst cratering of the market since the Great Recession. And even while giving you the benefit of no-blame on Trump for Covid, it still exists, and nothing Trump did helped a recovery.

Now, the next four years under Biden had the largest, record gains of the market, not to mention record employment and job creation. Yes, it was because the globe was recovering from the Covid collapse (during Trump), but if you are going to be consistent—a grave difficulty for your position—you can’t point to the circumstances of the growth.

And now we have economic cratering solely due to Trumpenomics—self-inflicted actions with no forward thinking, no study, no plan of follow-through, just action regardless of consequences. And the cratering has the additional wounds if worldwide distrust in our leadership, coupled with unpredictable and unreliable atmosphere of business.

 

New title suggestion:

“Capitulation Day!”