Dow tumbles more than 800 points. How ugly will this get?

[DrDoug]

The Trumplorables aren't feeling this in the same way, though.

I wouldn't bet on that. I live in a small conservative town and in the recent past some of the people where my wife works have complained to her about their 401K plans and such taking a hit. They were blaming Democrats for blocking their Chosen One though at that time.

I'm sure that there are plenty of conservatives who are shitting themselves right now over what's happening. I'm also sure that those same people are busy blaming everyone else for the root of the problem that they voted into office and still support. Turn up the pain, they're just starting to feel the pain. With Metamucillini comparing the Fed Chair to the President of China and asking which one is a greater threat to our country, he's just getting warmed up for the wreckage that he's going to cause. He's in a panic because if the economy tanks and he loses in 2020, the jigs up for him and his crime syndicate family. Republicans running for the House and Senate have tied their electoral futures to his win or loss because they have no choice in the matter any more, he owns them.

It's beginning to look a lot like Christmas... is going to cost a lot more because of the tariffs. Great timing, Dollhands Donny!

 

[cytg111]

Someone put forth a narrative that convincingly has Donny bowing out of this trade war.
Thats right, its not happening.
Donny is pushing ALL of the chips to middle on this one. All of them. If he wins 2020, then everything is possible... and by every thing I don't mean the good stuff.

 

[shortylickens]

Trump voters might want to reflect on how they were thinking 3 years ago when Trump sucked 'em into the biggest scam they ever fell for. They actually believed in him in a totally irrational way. Swooned, they did. Some of them will be too proud & too stubborn to own up to it but I figure that's far from universal. We all have those "WTF was I thinking?" moments. I figure it's their turn, for sure.

Trumpers have short memories and tend to believe what they've been told recently as opposed to what they saw years ago
Main reason theres so much nostalgia for the 50's and 60's, which actually were not that awesome but thanks to TV and film will live forever as a perfect era.

 

[cytg111]

I got a little egg sitting... I wouldnt mind a little panic just about now.. I cant move it atm cause 8 ball keeps saying try again tomorrow..

 

[K1052]

Trumpers have short memories and tend to believe what they've been told recently as opposed to what they saw years ago
Main reason theres so much nostalgia for the 50's and 60's, which actually were not that awesome but thanks to TV and film will live forever as a perfect era.

Somebody like this in my family said that we never had the kind of problems or divisiveness that we'd got now trying to blame Democrats for it. This person lived through the 60s. They did not appreciate me listing off the major events of that decade that don't comport with their fantasy.

 

[fskimospy]

In case anyone cares this morning he’s ranting about how he can force all businesses in the US to cease all transactions with China, which would obviously cause an economic calamity.

Hey right wingers, how’s that 25th amendment sounding right now?

 

[K1052]

In case anyone cares this morning he’s ranting about how he can force all businesses in the US to cease all transactions with China, which would obviously cause an economic calamity.

Hey right wingers, how’s that 25th amendment sounding right now?

OTOH apparently he wants to fund phase 2 of the Second Ave Subway...

What in the world is he watching on TV?

 

[kage69]

In case anyone cares this morning he’s ranting about how he can force all businesses in the US to cease all transactions with China, which would obviously cause an economic calamity.

Hey right wingers, how’s that 25th amendment sounding right now?

Remember all the 'presidential overreach!' wailing from when President Obama was in office? The silence is deafening, but I like that I'm seeing jaws drop here and there.

 

[glenn1]

In case anyone cares this morning he’s ranting about how he can force all businesses in the US to cease all transactions with China, which would obviously cause an economic calamity.

Hey right wingers, how’s that 25th amendment sounding right now?

Trump is an incompetent idiot which I doubt would qualify as a disability for purposes of the 25th amendment. He's able to "discharge the duties of his office" just fine, it's that he sucks at it.

 

[IronWing]

The down side here is that Congress might have given the President the power to tell US companies to stop doing business in China. On foreign affairs, Congress tends to do stuff like that on the assumption that the Presidency won't be occupied by a moron.

 

[glenn1]

Lot of churn and volatility, but S&P is still only down about 6% from the peak back on July 26. Still a very event driven market that reacts bigly whenever Trump or Fed say something.

 

[fskimospy]

Trump is an incompetent idiot which I doubt would qualify as a disability for purposes of the 25th amendment. He's able to "discharge the duties of his office" just fine, it's that he sucks at it.

What qualifies is anything his cabinet says qualifies.

There’s ample evidence he is mentally ill, that by itself is enough.

 

[fskimospy]

Remember all the 'presidential overreach!' wailing from when President Obama was in office? The silence is deafening, but I like that I'm seeing jaws drop here and there.

It’s not like they weren’t warned, they just wanted tax cuts and judges more than they wanted a sane chief executive.

 

[fskimospy]

I’m waiting for Slow to come in here and say that Trump doing great by making stocks more affordable.

 

[Jhhnn]

What qualifies is anything his cabinet says qualifies.

There’s ample evidence he is mentally ill, that by itself is enough.

Trump's cabinet? Surely you jest.

 

[snoopy7548]

Trump is an incompetent idiot which I doubt would qualify as a disability for purposes of the 25th amendment. He's able to "discharge the duties of his office" just fine, it's that he sucks at it.

That's probably the weakest anti-impeachment argument I've heard. "Even though he really sucks at it, he can still perform the duties of the job." You're really OK with an "incompetent idiot" being president?

So if you hired someone to write software but they wrote C/etc. code in plain English, that wouldn't be grounds for firing them? I mean, they suck at it, but they can still technically write code...

 

[glenn1]

That's probably the weakest anti-impeachment argument I've heard. "Even though he really sucks at it, he can still perform the duties of the job." You're really OK with an "incompetent idiot" being president?

So if you hired someone to write software but they wrote C/etc. code in plain English, that wouldn't be grounds for firing them? I mean, they suck at it, but they can still technically write code...

Impeachment has no standards apart from undefined “high crimes and misdemeanors” and competence could be grounds if Congress wished. The 25th amendment does have performance criteria. I was responding to someone who suggested the later.

 

[fskimospy]

Impeachment has no standards apart from undefined “high crimes and misdemeanors” and competence could be grounds if Congress wished. The 25th amendment does have performance criteria. I was responding to someone who suggested the later.

The 25th amendment is pretty clear that it is entirely up to the Vice President and cabinet to determine if he’s capable or not. There are no criteria they are required to apply. They could remove him because they think his hair looking dumb makes him incapable.

 

[Jhhnn]

Impeachment has no standards apart from undefined “high crimes and misdemeanors” and competence could be grounds if Congress wished. The 25th amendment does have performance criteria. I was responding to someone who suggested the later.

Like impeachment, the 25th depends entirely on the judgement of Congress. "unable to discharge the powers & duties of his office" is whatever they decide it is. It's actually more difficult to implement because it requires 2/3 majorities in both houses and the initial judgement of half the cabinet. Calling for it is an attempt to shame people who have no shame, Trump's cabinet & the leadership of the GOP.

 

[Bitek]

View attachment 9967



This is the kind of stuff that could set off a panic.

Also LOL at we have to elect a R president because a D president would bring economic uncertainty.

Jesus F. Reading that makes me want to sell everything and flee for safety...

 

[s0me0nesmind1]

I believe you missed the point of what he was trying to say. The OP was in an "OMG the market is DOWN 800!!!OMG." state of mind and what s0me0nesmind1 made the point that while the market started out down for the week it eventually evened out. The OP was being a bit hysterical if you ask me.

As far as your question goes the market is always in a state of ups and downs but if you look at the long term outlooks you will see that the rate of return is always positive. A one year outlook like you mentioned is not long term.

Don't go making people here start to think critically. If the stock market isn't going up than whoever is in power is directly failing. At all times. No question... Even though they have overall very little affect on the day-to-day stock-market.

Some people are too stupid to understand complex words like "volatility" and just parrot the narrative of their political assignment - facts be damned.

 

[s0me0nesmind1]

Volatile because the infantile White House denizen can't help himself. One week he declares monumental tariffs and the stock market tumbles. A week or two later he recinds his dicta, says he'll hold off until Dec. 15 because it "might" affect the Christmas shopping season for Americans. Might, yeah! But can you imagine that he's going to slap on 10% tariffs on that scale on Dec. 15? Ten days before Christmas? What odds do you want?

Do you guys understand volatility? It simply means uncertaintly. That it. People don't know if we should say OMG WERE LOSING THE TRADE WAR! Or... this has little affect on us.

They are making volatile trades in an effort to think they know what is happening - the reality is that they have little to zero clue how it will affect the overall market.

 

[alien42]

Don't go making people here start to think critically. If the stock market isn't going up than whoever is in power is directly failing. At all times. No question... Even though they have overall very little affect on the day-to-day stock-market.

Some people are too stupid to understand complex words like "volatility" and just parrot the narrative of their political assignment - facts be damned.

that might have been true in the past but it is absolute bullshit now. Trump tweets or says something and the market IMMEDIATELY reacts. it isn't a guessing game, it's a simple observable fact. the markets took a big shit on Friday not after China announced tariffs but after Trump attacked chairman Powell and threatened new tariffs on China.

if you are too stupid to not understand that, i doubt anyone can help you with that.

 

[alien42]

Do you guys understand volatility? It simply means uncertaintly. That it. People don't know if we should say OMG WERE LOSING THE TRADE WAR! Or... this has little affect on us.

They are making volatile trades in an effort to think they know what is happening - the reality is that they have little to zero clue how it will affect the overall market.

healthy markets aren't volatile and volatile markets aren't healthy.

 

[s0me0nesmind1]

Trump is losing this trade war badly.

He shot off about these tariffs, got a strong response from China, then he got scared and backed out.

China is still moving forward on the currency manipulation.

Trump got nothing from this other than further revealing his weakness, fear and incompetence

I have one main question for the folks here: The leftist media (and unsurprisingly/subsequently all the leftist shills here) are saying "Tariffs are BAD! That means americans pay more! BAD FOR AMERICA!".

So if tariffs are in fact bad for the originating country, why is the response from China to enact retaliatory tariffs? I mean, if tariffs are bad, why would they impose them on their own people? If were shooting ourselves in the foot, why are they shooting themselves in the foot?

The answer is that anyone who says "Tariffs are bad" by default are simply too fucking dumb to think outside of OMG WE MIGHT PAY MORE ON A PRODUCT! Christ, take a fucking economics 101 class and understand that global trade isn't limited to 1 country. This is a global economy, this isn't 3D Chess this is 3543246724D Chess. And if you think you will know the exact effects of every economical move then that is just laughable. Majority of folks in here don't even hold a business degree let alone one in economics.