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Beerman, BSN · Apr 7

toomuchbaloney said:

https://apnews.com/article/stocks-markets-nikkei-tariffs-trump-76d0de278a6cad291ace624a74a6a1b6

This is not going to go well for the majority of Americans. It really didn't sound at all like Trump was going to back down from his sloppy and flawed tariffs at all.

Let's see if he follows the court orders about his immigrant removals.

The wealthiest 10% of Americans own over 90% of the stock market. I'd think liberals would be giddy about the wealthy taking one?

Only half of Americans own any stock. And most of that is in retirement funds and they be touching it for at least 5 years.

I have funds in a money market account in a IRA. I'll be getting some good deals in the next week or two, as will my 401k in the next few rounds of purchases.

I don't believe this is all according to plan as Trump says, but the sky isn't falling.

Tweety, BSN, RN · Apr 7

toomuchbaloney said:

It's difficult to imagine that Trump supporters are now suddenly OK with the president "gambling" with their retirement savings, with the national economy, or with the global economy.

They elected the man by the popular vote and winning all the swing states.

Some believe it is the Devil crashing the economy and not Trump, so I wonder why you are finding it difficult to believe they are suddenly okay with the President doing what he's doing.

Those that don't think it's fake news or the devil causing this, also believe it's our patriotic duty to support the President and pay higher prices.

While his numbers are taking a hit, he's still quite popular.

https://www.usatoday.com/story/news/politics/2025/04/07/trump-poll-approval-ratings-tariffs-stock-markets/82976151007/

Tweety, BSN, RN · Apr 7

Beerman said:

The wealthiest 10% of Americans own over 90% of the stock market. I'd think liberals would be giddy about the wealthy taking one?

Only half of Americans own any stock. And most of that is in retirement funds and they be touching it for at least 5 years.

I have funds in a money market account in a IRA. I'll be getting some good deals in the next week or two, as will my 401k in the next few rounds of purchases.

I don't believe this is all according to plan as Trump says, but the sky isn't falling.

Actually, the narrative I'm hearing is that the wealthy have a better opportunity to weather the stock market losses, and to buy up low priced stocks, than the middle class that owns stock. We are not giddy at their plight.

Yes, younger people have the time to spare to weather this as well. I survived several crashes as bad as this but I'm getting older. I think I've spoken that I'm in the market still because there's longevity in my parents who are still living and I have no commodities. Hopefully I live another 25 to 30 years and can recover and I can keep working if I need to since I'm healthy. Not everyone my age bracket is in this situation.

But I agree, it's not all doom and gloom and I was being dramatic when I said "retirement is ruined" in a post. I am disappointed that I have to endure what could be another huge crash and I might have to retire later than I want to, or just roll the dice and perhaps die younger while I still have funds or hope I can live on SSI. *chuckle*. But it's my choice I made with professional advice based on my goals and risk tolerance.

toomuchbaloney · Apr 8

Tweety said:

They elected the man by the popular vote and winning all the swing states.

Some believe it is the Devil crashing the economy and not Trump, so I wonder why you are finding it difficult to believe they are suddenly okay with the President doing what he's doing.

Those that don't think it's fake news or the devil causing this, also believe it's our patriotic duty to support the President and pay higher prices.

While his numbers are taking a hit, he's still quite popular.

https://www.usatoday.com/story/news/politics/2025/04/07/trump-poll-approval-ratings-tariffs-stock-markets/82976151007/

Sarcasm is difficult to convey.

Beerman said:

The wealthiest 10% of Americans own over 90% of the stock market. I'd think liberals would be giddy about the wealthy taking one?

Only half of Americans own any stock. And most of that is in retirement funds and they be touching it for at least 5 years.

I have funds in a money market account in a IRA. I'll be getting some good deals in the next week or two, as will my 401k in the next few rounds of purchases.

I don't believe this is all according to plan as Trump says, but the sky isn't falling.

It's amusing that the same people who are convinced that Biden ruined our economy are now telling us to relax and how it's not that big of a deal that Trump single handedly cause historic market losses around the globe.

Why would anyone be giddy about this kind of reckless and sloppy economic policy?

Beerman, BSN · Apr 8

Tweety said:

They elected the man by the popular vote and winning all the swing states.

Some believe it is the Devil crashing the economy and not Trump, so I wonder why you are finding it difficult to believe they are suddenly okay with the President doing what he's doing.

Those that don't think it's fake news or the devil causing this, also believe it's our patriotic duty to support the President and pay higher prices.

While his numbers are taking a hit, he's still quite popular.

https://www.usatoday.com/story/news/politics/2025/04/07/trump-poll-approval-ratings-tariffs-stock-markets/82976151007/

We also keep in mind what the alternative was.

toomuchbaloney · Apr 8

Beerman said:

We also keep in mind what the alternative was.

A well qualified and accomplished black woman was the alternative.

Tweety, BSN, RN · Apr 8

Beerman said:

We also keep in mind what the alternative was.

Yep, better to believe Satan and fake news is out there rather than truth and the alternative.

But the point being a big reason the alternative didn't win was because of high prices he promised to lower. Now his supporters have to accept possible higher prices instead with no talk of them getting lower. TMB can't believe they would. They believe a good deal of his lies or don't care, so my thoughts are his base is behind him. Fox News is promoting the idea to stand behind him as a patriotic duty.

I get there's a lot of rhetoric from the left as well.

Anyway Asian markets don't make up their losses but didn't tank again. Maybe US will follow and Jesus will defeat the devil. Praise Jesus.

https://www.cnbc.com/2025/04/08/asia-markets-live-trump-tariffs-hang-seng-index-china-stocks.html

Beerman, BSN · Apr 8

Tweety said:

Yep, better to believe Satan and fake news is out there rather than truth and the alternative.

But the point being a big reason the alternative didn't win was because of high prices he promised to lower. Now his supporters have to accept possible higher prices instead with no talk of them getting lower. TMB can't believe they would. They believe a good deal of his lies or don't care, so my thoughts are his base is behind him. Fox News is promoting the idea to stand behind him as a patriotic duty.

I get there's a lot of rhetoric from the left as well.

Anyway Asian markets don't make up their losses but didn't tank again. Maybe US will follow and Jesus will defeat the devil. Praise Jesus.

https://www.cnbc.com/2025/04/08/asia-markets-live-trump-tariffs-hang-seng-index-china-stocks.html

I think you're overestimating the Satan angle. Except for your post of the crazy lady I've never heard of, I haven't heard anyone blaming Satan for what's going on.

Yes, many voted for Trump in hopes he would lower prices. But, that wasn't the only reason for many. He may have still won without that promise. We'll never know.

I've never had high hopes prices would lower as they seldom do. I don't think it's a given the prices are going to rise faster then normal. We'll have a clearer picture in the coming weeks.

Some members have consistently been wrong on many things and automatically blame Trump for whatever displeases them on any given day. And then forget or not want to acknowledge when they're wrong, let alone show an ounce of humility. I'm not putting any stock on what those folks think.

Stock futures look good today. Hopefully some good news coming.

Tweety, BSN, RN · Apr 8

Beerman said:

I think you're overestimating the Satan angle. Except for your post of the crazy lady I've never heard of, I haven't heard anyone blaming Satan for what's going on.

Yes, many voted for Trump in hopes he would lower prices. But, that wasn't the only reason for many. He may have still won without that promise. We'll never know.

I've never had high hopes prices would lower as they seldom do. I don't think it's a given the prices are going to rise faster then normal. We'll have a clearer picture in the coming weeks.

Some members have consistently been wrong on many things and automatically blame Trump for whatever displeases them on any given day. And then forget or not want to acknowledge when they're wrong, let alone show an ounce of humility. I'm not putting any stock on what those folks think.

Stock futures look good today. Hopefully some good news coming.

Yes I am being over sarcastic about the devil inventing the crash to make Trump look bad. I'll let that one go. The point being though many still believe the big lie that he won his third election, and others so they aren't about to not believe him now.

I posted several post election surveys that listed inflation and the economy as the primary reason, along with the border and other issues for a good deal of voters and won't belabor that point. Particularly people that were independent or on the fence. It was a major deciding factor in Harris losing (and yes there were other things).

So again, supporting Trump as prices go up would be an about face for them.

Quote

Elections are never decided by one factor alone, but inflation is one factor that helped Donald Trump win the 2024 presidential election. Americans were angry about inflation. In surveys prior to the election, inflation was typically the most commonly cited concern on voters' minds. Most voters also thought Trump would do a better job than Harris at bringing prices down. After all, Trump constantly reminded voters that prices increased much faster during the Biden administration than during the previous Trump term. Trump also pledged to end inflation if re-elected.

https://hub.jhu.edu/2024/11/20/how-inflation-impacted-2024-election/

toomuchbaloney · Apr 8

Beerman said:

I think you're overestimating the Satan angle. Except for your post of the crazy lady I've never heard of, I haven't heard anyone blaming Satan for what's going on.

Yes, many voted for Trump in hopes he would lower prices. But, that wasn't the only reason for many. He may have still won without that promise. We'll never know.

I've never had high hopes prices would lower as they seldom do. I don't think it's a given the prices are going to rise faster then normal. We'll have a clearer picture in the coming weeks.

Some members have consistently been wrong on many things and automatically blame Trump for whatever displeases them on any given day. And then forget or not want to acknowledge when they're wrong, let alone show an ounce of humility. I'm not putting any stock on what those folks think.

Stock futures look good today. Hopefully some good news coming.

In contrast, Trump supporters are never wrong and they never blame people for Trump's errors or sloppy incompetence. Trump supporters always and quickly admit when they have been wrong and acknowledge that with humility. We should put great stock in what those folks think.

Yes. There's a market rebound as people with money buy cheap stocks. We also notice that none of the uncertainties or tariff threats have changed. The market remains unstable and we still have a nearly 60% likelihood of a Trump recession. You definitely could buy some distressed stocks now though if you have a mind to gamble a bit.

toomuchbaloney · Apr 8

https://finance.Yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-reverse-gains-as-white-house-confirms-104-tariffs-on-china-193907607.html

Quote

US stocks tumbled in afternoon trading on Tuesday after the White House said it plans to move forward on a threat to add a 50% tariff on Chinese goods in a move that would bring the overall tariff rate on Beijing to 104%. That tariff rate will go into effect at 12:01am ET.

The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) each reversed gains of over 4% to fall around 1.8% and 2.2%, respectively. The Dow Jones Industrial Average (^DJI) slid 1%, falling about 400 points. Earlier in the session, the index had added over 1,300 points.

The Senate hearing today made pretty clear that this sloppy and reckless tariff policy is not at all popular.

toomuchbaloney · Apr 9

https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-09-25/card/dollar-confidence-crisis-is-here-deutsche-bank-warns-OS3izqVU0PPvpBGqOC2k

https://www.investing.com/analysis/us-dollar-nearing-another-confidence-crisis-as-tariff-risks-mount-200659265

Look at the aftermath from the bad ideas of a mentally ill bully that are poorly executed using deeply flawed math and dishonesty.

Quote

One of the reasons why the dollar is suffering the most from additional tariffs on China is that markets feel the lack of immediate substitutes for some Chinese products means even greater inflationary/recessionary risks for the US. At the same time, there is a diminishing negative effect on Chinese exporters from additional tariffs.

While it's true that Trump is starting to negotiate with other key partners (like Korea yesterday), the technical times for trade deals aren't short, especially considering the large number of parts involved at the same time. We'll watch closely whether European equities outperform US ones again today.

Just like Trump's reassurances about covid, Trump apologists want everyone to believe that it will all magically disappear at some point and everything will be beautiful. America will be great again.