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

[sandorski]

A Crash would require over a 4k drop, although 2k would certainly be a serious concern for the next Trading day.

 

[soundforbjt]

Who knew trade wars were so hard?

 

[ultimatebob]

875 now. @ultimatebob what about 1,000 in one day? Can we panic then? Or do you mean maintaining 1,000+ down over two days, to differentiate a panic for whale-profit?

If it goes down 1,000 in one day and back up 800 the next day, that's just profit taking. You really need a downward trend over a few days before you really should get worried.... unless it was something crazy like a 5,000 point crash caused by the next 9-11 type event or something.

 

[Homerboy]

How ironic.

You say "ironic", I say "apropos"

 

[brandonbull]

I'm okay with that, we could use more inflation.



I 100% agree student debt is a huge problem and is a long term drag on our economy that we must address.

I'm just saying that with mortgage debt like in 2008 if you can't pay you become homeless. Even worse, when lots of people can't pay then the larger securities based on them default and you get failing banks, etc. etc. With student loans, generally speaking, if you can't pay you put them into forbearance and they aren't securitized the same way.

So we should stop any future loans until the existing ones are repaid.

 

[Mai72]

A Crash would require over a 4k drop, although 2k would certainly be a serious concern for the next Trading day.

Went down over 800 points today. That's a big drop.

Now if and when Trump strikes back, this could get real ugly.

 

[fskimospy]

So we should stop any future loans until the existing ones are repaid.

That's a very dumb idea so we won't be doing that.

 

[Maxima1]

GO!

 

[DrDoug]

I just hope the upcoming crash comes under Trump, so that brain dead conservatives don't have the pretense to blame anyone but themselves.

That won't stop them from blaming Obama for the crash...lol! Conservatives never take responsibility for anything they do, they reflexively blame their failures on Democrats. It's to the point that if Ted Cruz was unable to achieve an erection while lying in bed with his wife, he would blame Obama or Pelosi.

I'll just waltz away now that I've ruined your day by making you think of Ted Cruz trying to get it up.

 

[SlowSpyder]

Sony has said there will be a PS4 and eventual PS5 price hike if this continues.

https://comicbook.com/gaming/2019/07/30/ps5-ps4-playstation-price-sony-tariffs/

OMG! Luxury items could become more expensive in a trade war? Sound like bs anyway, consoles are generally sold at a loss, software and subscriptions are where the money is made.

 

[IronWing]

Dow skyrockets 180+ points off session lows! Eat that, naysayers!

 

[DrDoug]

OMG! Luxury items could become more expensive in a trade war? Sound like bs anyway, consoles are generally sold at a loss, software and subscriptions are where the money is made.

Excuses are like assholes and man, do you have a lot of assholes. Speaking of luxury items, when are you going to buy a better brain?

 

[JSt0rm]

OMG! Luxury items could become more expensive in a trade war? Sound like bs anyway, consoles are generally sold at a loss, software and subscriptions are where the money is made.

We dont need a russians point of view on America.

 

[Jhhnn]

OMG! Luxury items could become more expensive in a trade war? Sound like bs anyway, consoles are generally sold at a loss, software and subscriptions are where the money is made.

And you can back up that assertion with what, exactly?

 

[JSt0rm]

And you can back up that assertion with what, exactly?

stop engaging the russian. Thats what he wants.

 

[Vic]

Not a crash by any stretch of the imagination, just the market pricing in the costs of Trump's trade war, plus the effect the Fed's rate cut had on the dollar.

 

[K1052]

The US Treasury has declared China a currency manipulator. While this has little practical effect they had not done so because it would majorly antagonize the Chinese.

Market futures doing what you'd expect.

 

[BoomerD]

Gee?...you guys...relax...it's just the 1%ers making a bit of profit by taking it away from the peons who invested...

 

[JSt0rm]

The US Treasury has declared China a currency manipulator. While this has little practical effect they had not done so because it would majorly antagonize the Chinese.

Market futures doing what you'd expect.

pretty sure them dropping the value was a "come at me bro" move and they dont care was piss baby does. They will not be bullied. The biggest benefit they have is the ability to change the perception of their populace. The moment the chinese people feel like the us is a threat it turns on a dime and you will never sell them another soybean.

 

[JSt0rm]

like if we wanted to bully china we should of done it 20 years ago. They dont need us anymore.

 

[Mai72]

pretty sure them dropping the value was a "come at me bro" move and they dont care was piss baby does. They will not be bullied. The biggest benefit they have is the ability to change the perception of their populace. The moment the chinese people feel like the us is a threat it turns on a dime and you will never sell them another soybean.

Yea, this is what most Americans don't understand. The Chinese will wait this out. They can take the pain. Americans? Not so much. We've gone soft. They'll start crying when they can't buy their 50" 4K TV for $800. It's sad, but true. And the Chinese know this.

 

[K1052]

pretty sure them dropping the value was a "come at me bro" move and they dont care was piss baby does. They will not be bullied. The biggest benefit they have is the ability to change the perception of their populace. The moment the chinese people feel like the us is a threat it turns on a dime and you will never sell them another soybean.

The people who claimed that China has limited avenues of retaliation when this all started because they import less stuff from us than we import from them have been proven so amazingly wrong.

The ag industry is just fucked now. Totally fucked.

 

[Jhhnn]

The markets are international. It needs to be understood that a third of all US equities are foreign owned. They don't care who wins this trade war. They just want to be winning. The welfare of the People isn't really an issue for them. Investors wanting to go long on China will use this currency imbalance as a good opportunity to sell American & buy Chinese.

 

[Thebobo]

What goes up must come down
Spinnin' wheel got to go 'round
Talkin' 'bout your troubles it's a cryin' sin
Ride a painted pony let the spinnin' wheel spin..

 

[JSt0rm]

The markets are international. It needs to be understood that a third of all US equities are foreign owned. They don't care who wins this trade war. They just want to be winning. The welfare of the People isn't really an issue for them. Investors wanting to go long on China will use this currency imbalance as a good opportunity to sell American & buy Chinese.

Maybe ill put some money in yuan. Maybe thats what the sell of was all about