Happy Liberation Day

[Mac-7]

What’s that?

Steady jobs

 

[Marener]

Steady jobs

How?

 

[Mac-7]

How?

By making things in factories

 

[Marener]

By making things in factories

What makes that a steady job?

 

[Mac-7]

What makes that a steady job?

I’m tired of playing 20 Questions with you

If you have a point to make get on with it

 

[Marener]

I’m tired of playing 20 Questions with you

If you have a point to make get on with it

The fact that you cant defend the policy just shows it’s not really good policy.

There’s nothing about manufacturing that is more steady than most other jobs. Factories open and close all the time.

The obsession with manufacturing makes no sense. The future economy isn’t based on manufacturing. You’re taking us backwards, not forwards.

You’re like Trump. You’re happy to make the gamble with the entire economy because you have ZERO risk involved. It’s not your future that he’s risking.

 

[Mac-7]

There’s nothing about manufacturing that is more steady than most other jobs. Factories open and close all the time.

If so then no job in America is steady, with the exception of being elected to congress or being a public school teacher

I’d rather have a job and lose it instead of never having a job at all

 

[Marener]

If so then no job in America is steady, with the exception of being elected to congress or being a public school teacher

I’d rather have a job and lose it instead of never having a job at all

People have jobs, if you haven’t noticed.

Of course you haven’t. You don’t have a job. Your connection to reality is tenuous at best.

You have nothing at risk. Am I right?

 

[Robert Urbanek]

Liberation Day? More like Independence Day.

 

[multivita-man]

This post did not age well.

What part of it didn't age well?

Most of my post was talking about why the tariffs won't work, which I assume is your position as well.

But today's market dive wasn't a crash. If you want to see a crash, see the Financial Crisis, Black Monday, the Dot Com bubble, and of course, the granddaddy of them all, the Fall of 1929.

Today's drop, while certainly steep, was most likely a still price correction, in the sense that markets have been way, way overvalued for too long (especially the S&P). And, like many political and economic talking heads, most investors did not take Trump seriously when he said he really was going to impose sweeping tariffs. They assumed it was a negotiating tool or another head-fake or bluff. It wasn't a bluff or a head-fake, and markets still had not priced that in. Maybe that is finally starting to change.

I think this is the first shoe to drop, or the first phase of the economic hardships caused by the tariffs regime. The markets will drop again - in earnest, I think - when the hard economic data comes out, showing how tariffs are causing near-term stagflation.

Even if it's just a little stagflation, that's not going to be good for equities markets. Consumers want price stability. They want to know where this ends, and investors even more so.

 

[Luckyone]

Liberation Day? More like Independence Day.

View attachment 1096462

No, it is like suffering from a tornado and then waiting to see if your insurance covers the damage and knowing that even if it does, it will be YEARS before you get back to normal, and if the insurance does not cover it, you know you are screwed.

Either way, there is no short-term solution.

 

[Luckyone]

What part of it didn't age well?

Most of my post was talking about why the tariffs won't work, which I assume is your position as well.

But today's market dive wasn't a crash. If you want to see a crash, see the Financial Crisis, Black Monday, the Dot Com bubble, and of course, the granddaddy of them all, the Fall of 1929.

Today's drop, while certainly steep, was most likely a still price correction, in the sense that markets have been way, way overvalued for too long (especially the S&P). And, like many political and economic talking heads, most investors did not take Trump seriously when he said he really was going to impose sweeping tariffs. They assumed it was a negotiating tool or another head-fake or bluff. It wasn't a bluff or a head-fake, and markets still had not priced that in. Maybe that is finally starting to change.

I think this is the first shoe to drop, or the first phase of the economic hardships caused by the tariffs regime. The markets will drop again - in earnest, I think - when the hard economic data comes out, showing how tariffs are causing near-term stagflation.

Even if it's just a little stagflation, that's not going to be good for equities markets. Consumers want price stability. They want to know where this ends, and investors even more so.

Let me give you a level to watch tomorrow (weekly close) in the NASDAQ100 index (tech stocks) that is pivotal. A close below 18339 will turn this drop from a correction to a downtrend. The index closed today at 18521, meaning that another red close tomorrow by more than 182 points will be indicative.

 

[DonGlock26]

Let me give you a level to watch tomorrow (weekly close) in the NASDAQ100 index (tech stocks) that is pivotal. A close below 18339 will turn this drop from a correction to a downtrend. The index closed today at 18521, meaning that another red close tomorrow by more than 182 points will be indicative.

What if, the market reaches record highs in three months? Will you become a Trump supporter?

 

[multivita-man]

Let me give you a level to watch tomorrow (weekly close) in the NASDAQ100 index (tech stocks) that is pivotal. A close below 18339 will turn this drop from a correction to a downtrend. The index closed today at 18521, meaning that another red close tomorrow by more than 182 points will be indicative.

I don't think anything in the next few days is indicative.

But...there will be counter-tariffs, and I expect another sell-off whenever another major economic power announces them.

So we're in for a rough ride.

The real pain on markets will come when the actual economic data starts coming out. Things like initial/revised GDP growth, CPI, PPI, unemployment, jobs growth, hours worked, etc.

At that point, for Trump and his MAGA faithful it's a race to get reinvestment back in the US to have something to show for all the chaos, and he has to do that before summer of 2026 -- either that or transform the US into a de facto dictatorship.

 

[Luckyone]

What if, the market reaches record highs in three months? Will you become a Trump supporter?

First of all, I would have to be released from the hospital from the overwhelming shock that paralyzed me. Having said that, I would give Trump credit for that. I will never be a Trump supporter given that he has no morals, ethics, principles or humanity and I will never back someone that has none of those.

Given your question, let me ask you the same. If 3 months from now, the market is lower, inflation is higher, unemployment is higher and you have problems paying bills (problems you do not have now), will you give up your support for Trump and blame him for his incompetence?

 

[DonGlock26]

First of all, I would have to be released from the hospital from the overwhelming shock that paralyzed me. Having said that, I would give Trump credit for that. I will never be a Trump supporter given that he has no morals, ethics, principles or humanity and I will never back someone that has none of those.

Given your question, let me ask you the same. If 3 months from now, the market is lower, inflation is higher, unemployment is higher and you have problems paying bills (problems you do not have now), will you give up your support for Trump and blame him for his incompetence?

Not necessarily. I'm taking a long view on his program. You are the one who is looking at a day or two of stock market activity and panicking. I choose three months because it was a short enough period of time for you to understand.

 

[Luckyone]

Not necessarily. I'm taking a long view on his program. You are the one who is looking at a day or two of stock market activity and panicking. I choose three months because it was a short enough period of time for you to understand.

But it is not short enough for you to understand?

 

[DonGlock26]

But it is not short enough for you to understand?

I don't use short time frames for investing.

 

[Luckyone]

I don't use short time frames for investing.

so you are OKAY with this?

 

[Moonglow]

Yrump did not put any new tariffs on Russia in his tariff war.