Stock market CRASHED today.

[AZ8theist]

Stocks were doing pretty well recently.

So therefore, Dotard had to step in and wreck it.

https://finance.yahoo.com/news/live/stock-market-today-dow-sinks-800-points-sp-500-and-nasdaq-see-worst-day-since-april-as-trumps-renewed-tariff-threats-spook-wall-street-200026352.html

[C_U_L8R]

1. Trump was so butthurt about losing his precious prize

that he lashed out at China and spooked investors.
He's such a fucking idiot. All spite and no brain.

[multigraincracker]

2. Down 870 at closing.

[bucolic_frolic]

3. Dropped like a stone about 11:30am

I said what's going on .... Trump announces new tariffs on China.

Tech and AI got smashed. Of course once this plays out he'll TACO and up we go. Play the cycles.

[patphil]

4. Huh! I thought it crashed because he didn't "win" the Nobel Peace Prize.

He's got masked "brown shirts" running around the country, kidnapping people and putting them in jail without due process, and national guard troops in major cities terrorizing the general population.
This is his idea of peace.
He's also talking about having the military "train for war" on the streets of our cities.
He thinks this has no impact on getting the peace prize.
Peace prize, NO! POS prize, much better chance.

[Greg_In_SF]

5. DOW is still

up over 7800 points since April.

[Demsrule86]

7. The market is bullshit. This will end like 29...although Trump and his billionaire friends will

fare better than most. Trump is the grifter in chief.

[Greg_In_SF]

9. No it won't

People always say that and it never happens.

[uponit7771]

26. Like 00 and 08 5 too many alarms ringing

[Bernardo de La Paz]

32. They were saying that in 1987 and 2000. It happened. . . . nt

[Demsrule86]

49. It has never happened yet! But consider the similarities to 1929.

We have economic problems...job losses. The market is divorce from the economy in many ways. But almost everyone is involved in the market-not just the rich. There is no real value in the market of today.

We have tariffs...Hoover was a big tariff guy. The banks are shaky...and we have burned crops rather than sell them...we have unrest. Did you know that Hoover called out the Army to attack American citizens who had served in the WWI and wanted their bonus money.
If we don't manage to keep snap benefits, we will see starving people lining up for food. We have already had some of that.

We came damn close in 2008 to a depression. Obama saved us. He was smart and guided us back to safety. Now we have Trump...the most stupid, corrupt, idiotic president in my life maybe ever. We are so screwed. The dominos are in place. Time will tell if we manage to stop this monster.

[EdmondDantes_]

11. While the market has some major issues, it's not going to crash like 1929

There are more breaks in the system and protections. We do need a return to not trying to go for unicorns and everyone over biasing towards "potential" over actual products, but those started long before Trump.

[uponit7771]

27. Nope, more like 08, has 5 too many alarms ringing

[EdmondDantes_]

37. But the 2007 crash was nothing like the 1929 crash that spiraled into the Great Depression and WWIi

We globally know far more about the economy than in 1929 so that level of crash is almost certain to not happen again.

[uponit7771]

43. True, MAGA will bail out their rich buddies and screw everyone else who can't afford to lose 5 years of equity value ...

... which is how long it took the DOW to return to 08 peak after fall of about 50% value.

In that return to index parity the US spent trillions devaluing the currency so the bail out to mega rich weirdos wasn't "free"

On the other hand it does look like we're in a melt up

[W_HAMILTON]

13. To put that in perspective, since Trump took office, the DJIA is up just half (%-wise) compared to Biden's final year.

But, hey, who cares about better and more stable returns when you can have volatility and fascism!

[WarGamer]

16. 2024 was a hell of a year for the market

[W_HAMILTON]

20. And 2023 was even better.

[WarGamer]

23. 2021 was way better...

The DOW gained 18.73% in 21.

Post COVID jump

[Bernardo de La Paz]

33. The Dow is not the market. You can do better. . . . nt

[W_HAMILTON]

38. Ahh, wouldn't it be nice to return to the good 'ole Biden days?

Even though elected MAGAts claimed they were back and """open for business""" in the summer/early fall of 2020, we know the country didn't really open back up until Biden took office in 2021 and his administration helped coordinate a successful roll out of the vaccine, which was what led Americans to finally feel safe to return to pre-COVID life.

When Trump was in office, the timeline for me getting my vaccine was September 2021 at the earliest; Biden took over and I was able to get my vaccine in either March or April, I can't remember which.

Thank you, Joe Biden!

PS - When did you get you're vaccine, WarGamer?

[WarGamer]

48. Not the very first vax surge... got my two in May/June, IIRC

[Bernardo de La Paz]

34. DJIA is not the market. . . . nt

[uponit7771]

25. That's not a good thing seeing how far it fell

[edhopper]

28. You are cherry picking

to make Trump look good.
The Dow was at 44500 when the Dolt took office, he then crashed it to the April low point you chose.
It is now at 45400. That is a 900 point gain since the festering boil took office. Or about 2% in 10 months.
And the bottom is a long way down.

[Bernardo de La Paz]

31. Dow is not the market. It is basically arithmetic BS. . . . nt

[anciano]

6. Equity markets fluctuate...always have, always will.

[Fiendish Thingy]

8. 1.8% isn't a crash

It isn’t even a correction.

How soon we forget the big dive of last spring, which has since recovered and gained further.

Market volatility is a fact of life in the Trump era.

[AZ8theist]

21. Sorry, "crash" was hyperbole.

But when my IRA lost $11G in one day, it sure feels like a crash to me.

[Fiendish Thingy]

22. Well, hopefully it was an equally small percentage

Otherwise you’re overweighted in some funds.

[doc03]

10. If you are a billionaire with lots of cash

it is just another engineered buying opertunity. Market goes up anounce tariffs market goes down.

[Disaffected]

12. It did not CRASH,

or even Crash or crash. Please stop the FUD.

[W_HAMILTON]

15. To anyone that has ever complained about Democrats being bad at messaging...

...I sure as hell hope you aren't one of the ones in this thread defending Trump after he alone caused the market to drop damn near 1,000 points solely because the fascist had another temper tantrum.

[EdmondDantes_]

41. I don't see anyone defending Trump

I see people pointing out this is a small percentage change. Bringing context into the discussion is a good thing.

[Bernardo de La Paz]

45. I basicly agree with your post but add that 2.7 pct is dramatic (though not a crash). And tRump's tantrum sparked it.

Just that morning an analyst had dumped cold water on the "irrational exuberance" case by saying that the rise has been "orderly", which it kind of has been since May after the April fall and recovery.

2.7 percent in one day is not an orderly temporary pause or pull back. It might turn out to be one or the other of those, but orderly it is not.

[GoodRaisin]

17. He will now say something over the weekend to pump it back up and place his buy orders.

Signaling to his billionaire friends, and It will soar on Monday.

[Greg_In_SF]

18. The market

is closed Monday.

[GoodRaisin]

19. Tuesday then.

[LuckyCharms]

24. Stock market is open Monday. Bond markets are closed. n/t

[Bernardo de La Paz]

35. Shows how much you know about what you are talking about. . . . nt

[gab13by13]

29. Just to be clear,

Right before Krasnov proclaimed he was adding tariffs on China causing the market and Crypto to tank, someone shorted Crypto and made a boat load of money.

[Bernardo de La Paz]

36. Evidence? Or your sayso?

[EdmondDantes_]

42. There's this report

https://www.tradingview.com/news/cryptonews:4c6d1252f094b:0-early-bitcoin-whale-shorted-1-1b-right-before-tariffs-now-up-27m-how-did-he-know/

Not sure if it's a reliable source but the Blockchain record is a thing. Of course being unrealized gains doesn't inherently mean they are going to realize said gains because the market (crypto and otherwise) goes up and down.

[Bernardo de La Paz]

44. Very interesting. Thank you. . . . nt

[SocialDemocrat61]

30. Bad day on Wall Street

[lark]

40. He's periodically crashing the stock market on purpose to hurt the middle class & enrich the already rich.

He's doing it purposefully to fuck us over and to profiteer for himself.

[Bernardo de La Paz]

46. Instead, I think he is profoundly incompetent, but there may be people using inside knowledge

His grifting takes other forms, most recently with the tRumpRX scheme for drugs that has junior on the board of directors of the company centrally involved.

[lark]

47. He has stated previously that stock market crashes are wonderful for the rich.

This is something he's pushed for years - starting back when he had a half way functioning brain. He grifts in so many ways, Im sure we're not privy to even a fraction of his treachedy and theft.