Dow futures slump more than 300 points as fears of a U.S.-China trade war ratchet up

Discussion in 'Stock Market' started by McRocket, Jun 19, 2018.

  1. McRocket
    Offline

    McRocket VIP Member

    Joined:
    Apr 4, 2018
    Messages:
    1,317
    Thanks Received:
    212
    Trophy Points:
    65
    Ratings:
    +1,332
    'U.S. stock futures fell sharply on Tuesday, as global equities careened lower on a fresh threat by President Donald Trump to slap up to $400 billion more in tariffs on China goods, the latest escalation in a worrying trade dispute.'

    Dow futures slump more than 300 points as fears of a U.S.-China trade war ratchet up


    The DOW will now probably open down for the year...mostly thanks to Trump's stupid trade policies.
     
    • Agree Agree x 2
    • Funny Funny x 1
    • Funny and Agree!! Funny and Agree!! x 1
  2. frigidweirdo
    Online

    frigidweirdo Platinum Member

    Joined:
    Mar 7, 2014
    Messages:
    30,736
    Thanks Received:
    3,065
    Trophy Points:
    1,130
    Ratings:
    +12,404
    Wait for Trump to see the money drain out, and then what him change.
     
    • Funny Funny x 1
  3. DarkFury
    Offline

    DarkFury BANNED

    Joined:
    Feb 20, 2015
    Messages:
    27,260
    Thanks Received:
    8,166
    Trophy Points:
    940
    Location:
    Sun, Sand And Palm Trees
    Ratings:
    +39,822
    300 points is not enough to even be called a correction McStupid.
     
    • Funny and Agree!! Funny and Agree!! x 2
    • Winner Winner x 1
  4. Mac1958
    Offline

    Mac1958 Diamond Member

    Joined:
    Dec 8, 2011
    Messages:
    49,586
    Thanks Received:
    9,648
    Trophy Points:
    2,060
    Location:
    Independent Ave.
    Ratings:
    +40,624
    Oh good, another shallow, hyper-partisan thread on the stock market and macroeconomics. We need at least two or three of these per day.

    The market gets a little emotional now and then, the "press" tries comically to assign various motivations, and each end of the spectrum celebrates any bad stock market news when the other side is in power. And, of course, both sides pretend the stock market is the economy when it suits them.

    Ultimately, the market always calms down and remembers it's just about earnings.

    Gawd, this stuff is so silly, so ignorant, and so transparent.
    .
     
    • Winner Winner x 5
    • Funny and Agree!! Funny and Agree!! x 1
    Last edited: Jun 19, 2018
  5. Erinwltr
    Offline

    Erinwltr VIP Member

    Joined:
    Feb 8, 2018
    Messages:
    1,728
    Thanks Received:
    190
    Trophy Points:
    80
    Ratings:
    +1,022
    True. Even at the height of the Vietnam war the Dow on average lost about 10%, if I remember correctly.
     
    • Agree Agree x 1
  6. McRocket
    Offline

    McRocket VIP Member

    Joined:
    Apr 4, 2018
    Messages:
    1,317
    Thanks Received:
    212
    Trophy Points:
    65
    Ratings:
    +1,332
    Dow tumbles 400 points, wiping out gain for year, as Trump directs more tariffs at China

    Dow tumbles 400 points, wiping out gain for year, as Trump directs more tariffs at China

    So, almost six months in...and the DOW is actually down for the year.

    Clearly, the 'Trump Bump' is dead.


    And before you Trumpbots try to spin this with the U-3 (the unemployment rate)...try this on:

    Donald Trump Calls Unemployment Rate One of the "Biggest Hoaxes in Politics"

    Donald Trump Calls Unemployment Rate One of the "Biggest Hoaxes in Politics"

    And this time, he was DEAD right. The U-3 is a hoax.
     
    • Thank You! Thank You! x 1
    • Informative Informative x 1
    Last edited: Jun 19, 2018
  7. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    19,760
    Thanks Received:
    4,127
    Trophy Points:
    280
    Location:
    On a hill
    Ratings:
    +11,455
    trump.png
     
    • Funny and Agree!! Funny and Agree!! x 4
    • Thank You! Thank You! x 1
  8. Picaro
    Offline

    Picaro BANNED

    Joined:
    Oct 31, 2010
    Messages:
    11,592
    Thanks Received:
    1,516
    Trophy Points:
    290
    Location:
    Texas
    Ratings:
    +7,688
    lol more rubbish. The U.S. stock market is just a pump and dump scam, with no real relation to the American economy. It takes a while to rebuild an economy that has been consistently looted since the 1970's by the financial sector, and only idiots think tariffs caused anything but good for the country, slowing down and lowering the deficits is indeed a good thing, and will encourage domestic businesses to compete, and on something besides labor racketeering and dumping scams by criminal syndicates overseas.

    Ignore the 'business press'; they've been in the fake news business forever, and aren't credible about anything.
     
    • Funny Funny x 1
  9. pinqy
    Offline

    pinqy Gold Member

    Joined:
    Jun 8, 2009
    Messages:
    5,706
    Thanks Received:
    655
    Trophy Points:
    200
    Location:
    Northern Virginia
    Ratings:
    +1,289
    Now. McRocket has me on ignore again, but if someone else wants to ask him if he means that it doesn’t actually measure people looking for work as s percent of the labor force, please do so. You won’t get s straight answer but it might be amusing.
     
    • Funny Funny x 1
  10. McRocket
    Offline

    McRocket VIP Member

    Joined:
    Apr 4, 2018
    Messages:
    1,317
    Thanks Received:
    212
    Trophy Points:
    65
    Ratings:
    +1,332
    And you are so stupid and/or childish. Because only an idiot/manchild makes assumptions like you just did with ZERO factual information to back them up.

    1) I despise both parties. So there is zero 'partisanship' going on. I despised the way GWB AND Obama AND Trump handled/is handling the economy.

    2) Where in the OP did I say anything about yesterday's market turn being significant or important or anything worth worrying about.

    All I typed was 'The DOW will now probably open down for the year...mostly thanks to Trump's stupid trade policies.'

    And unless you know virtually NOTHING about macroeconomics, you should know that is a true statement.

    3) So do tell Mr. Expert on Macroeconomics And Mind Reading (more like Mr. Bored Troll), tell me EXACTLY what in my OP post was 'silly, ignorant and transparent'?

    (this should be good for a laugh)
     

Share This Page