Dow plunges 500+ points after Trump blasts ‘hostile’ China, threatens ‘massive’ tariffs

[1srelluc]

MSN

US stocks nosedived Friday after President Trump threatened a “massive increase” of tariffs on China, accusing the nation of “becoming very hostile” in its rare earth restrictions.

The Dow Jones Industrial Average plunged 518 points, or 1.1%, by approximately 12:25 p.m. ET, while the S&P 500 and tech-heavy Nasdaq fell 1.3% and 1.8%, respectively.

Investors quickly grew fearful of heightened trade tensions as Trump appeared to cancel a planned meeting between himself and Chinese counterpart Xi Jinping later this month.

Damn, it does not take much to panic the market!

I swear I went into town and things were around 150 points into the green the Boom! when I looked after lunch the bottom dropped out!

Oh well, a pull back was expected so may as well get it over with.

 

[Lisa558]

Just keep it in perspective. We’ve done fabulously well YTD, so a little pullback of 2% or 3% is no biggie.

 

[Blaster]

The stock market will rebound.

 

[Muhammed]

China announced new rare earth export controls. This will cause supply chain disruptions.

 

[1srelluc]

Yeah, this is looking more like an excuse for a pull back than anything else.

That way they can blame Trump for their flightiness.

 

[Zincwarrior]

Down 700 currently.

View attachment 1171912

Yeah, this is looking more like an excuse for a pull back than anything else.

That way they can blame Trump for their flightiness.

800 points. Yerp.

 

[1srelluc]

Down 700 currently.

800 points. Yerp.

Boys! Looks like a race to the bottom!

 

[Zincwarrior]

Boys! Looks like a race to the bottom!

Well we probably both remember when 800 points meant like a 10% dip and a recession. Its just 1.5% now.

 

[1srelluc]

Well we probably both remember when 800 points meant like a 10% dip and a recession. Its just 1.5% now.

Oh yeah, Monday should be interesting.

 

[1srelluc]

 

[Failzero]

They are feverishly building Giant Assault Landing barges and special craft . It looks like a Winter invasion of Taiwan .

 

[JWBooth]

View attachment 1171908

MSN

US stocks nosedived Friday after President Trump threatened a “massive increase” of tariffs on China, accusing the nation of “becoming very hostile” in its rare earth restrictions.

The Dow Jones Industrial Average plunged 518 points, or 1.1%, by approximately 12:25 p.m. ET, while the S&P 500 and tech-heavy Nasdaq fell 1.3% and 1.8%, respectively.

Investors quickly grew fearful of heightened trade tensions as Trump appeared to cancel a planned meeting between himself and Chinese counterpart Xi Jinping later this month.

Damn, it does not take much to panic the market!

I swear I went into town and things were around 150 points into the green the Boom! when I looked after lunch the bottom dropped out!

Oh well, a pull back was expected so may as well get it over with.

 

[JWBooth]

 

[1srelluc]

View attachment 1171946

Come Monday everything is on sale.

 

[Lisa558]

Down 700 currently.

800 points. Yerp.

1) I’m still way ahead for the year.
2) Market will bounce back.

 

[todd down under]

1) I’m still way ahead for the year.

Another internet stock guru!

 

[Lisa558]

Another internet stock guru!

How could you NOT be ahead for the year? The market’s way up!

 

[todd down under]

How could you NOT be ahead for the year? The market’s way up!

That's why you're on here making a few nickels!

 

[Winco]

Just keep it in perspective. We’ve done fabulously well YTD, so a little pullback of 2% or 3% is no biggie.

Dow Jan 20th, the Day trump takes office = 44,025
Dow today, Oct 10th, = 45,479

So, since trump took office, the DOW is up 1,454.

That represents a 3.3% gain.
So sure, your math addled brain thinks a 2%-3% loss in a single day is "No Biggie"

The stock market will rebound.

It always does, regardless of stupid leadership, except Bush.

How could you NOT be ahead for the year? The market’s way up!

The market is NOT way up.
The market indexes average 10%+ per year.

In 9 months, the DOW is up 3.3%, on pace for 5% gain for the year.

UP? Yes, but NOT way UP.

 

[Lisa558]

That's why you're on here making a few nickels!

To the contrary, I’ve done so well in the market that I retired in my 50s.

I don’t get paid for posting it. You’re confused with all the foreign antisemites. (We’ve had a new slew of them recently.)