Dow down 600 points as earnings disappoint and Trump threatens to impose new China tariffs
Stocks traded sharply lower Friday afternoon, kicking off May on a down note as investors showed disappointment with earnings from big tech companies and with President Donald Trump’s threat to impose import tariffs on China in retaliation for its handling of the COVID-19 pandemic. -snip
Starting off May with a nice dose of #maga it seems. Dow, S&P 500 and Nasdaq all currently in the red.
Yes, the stock market dipping is generally bad. Trump really needs to stop with the threats, it has real life implications. eg Like the medical supply shortages we have now because of his silly trade war with China over the last 2+ years.
Your snide commentary aside, we'd already done this: I don't like losing money, be it in stocks or otherwise, if you had any money yourself, you'd feel the same
It's just I notice you only show up here in this thread with bad economic news, at least 99% of the time it seems.
Over the past several years I don't recall you ever touting good economic news, but hell maybe I just missed it.
And save your energy if you're planning to show me you posting about good economic news, but attributing it to Obama.
HYG, from a few weeks ago:
Originally posted by Robtard
Stock market is having two good days in a row, but that's what a [2] Trillion Dollar tax payer stimulus package will do.As of now:
Dow 21,588.26 883.35 4.27%
S&P 500 2,510.97 63.64 2.60%
Nasdaq 7,507.70 89.84 1.21%Do wonder if Trump's "by Easter this will all be over" will help or cause it to recede again.
You'll notice there is no mention of "Obama". Any other queries?
Originally posted by Robtard
"Don't start none, won't be none." -Gandhi
haermm
Originally posted by Surtur
Ah, but I didn't take a shot at you.But you tried 🙂
One of your e-gang will be along shortly to faux-laugh.
Suck it, Surtur, you b*tch! estahuh
Originally posted by Surtur
It's just I notice you only show up here in this thread with bad economic news, at least 99% of the time it seems.Over the past several years I don't recall you ever touting good economic news, but hell maybe I just missed it.
I saw two posts of his where he spent quite a bit of time on his post when it went up. He formatted it nicely and used green colors.
But, yes, he disproportionately spends time posting about the negatives.
Oh, and, the economy will recover much more quickly than the stock market crash.
It already is. It's making the recovery in weeks what took years to do from the housing market crash.
Unemployment, however, will need to be looked into. I'm very interested in what ShadowStats has to report about unemployment.
Second day the SM is losing again: Dow falls 500 points as Fed Chairman Powell says the economic path ahead is ‘highly uncertain’
U.S. stock benchmarks fell sharply Wednesday as Federal Reserve Chairman Jerome Powell offered an uncertain near-term outlook of the economy, as state and federal officials attempting to restart businesses from a coronavirus-induced lockdown.
“The recovery may take some time to gather momentum and the passage of time can turn liquidity problems into solvency problems,” Powell said. -snip