The Economy

[swingline]

No cash, no credit, no neeed for a loan! At Cleek's.

 

[BitterYoungMatador2]

Lease the Libs!

 

[Baron Scicluna]

Let's say Trump does the "jk lol no tariffs today" thing. What will we have learned from all this?

That Trump is what he has always been, which is a corrupt asshole.

 

[qtlaw]

I love that Musk called Navarro an idiot. Unfortunately, for the economy sake only, Musk will be leaving the WH and Navarro will be staying.

 

[Twirling Time]

Dow and S&P down just a little today (and NASDAQ was actually up 15 points) but tomorrow is a new day in Trumpland.

 

[Michael_ Gee]

At some point, the market runs out of people wanting to sell, as they've unloaded the holdings they don't want in the earlier routs. The so-called Magnificant Seven tech companies were hurt the worst in the Thursday-Friday rout. Stands to reason NASDAQ would be the first index to find a (temporary) bottom.
PS: The Dow decline was 0.9 percent. At any other time that'd be seen as a big if not amazing drop. My fine investment bank sends out email notices only on 1 percent or more drops in the S&P. People love round numbers, often to their sorrow.

 

[Driftwood]

I've gotten two email Zoom invites today from our guy trying to keep people from panicking.

 

[Twirling Time]

At some point, the market runs out of people wanting to sell, as they've unloaded the holdings they don't want in the earlier routs. The so-called Magnificant Seven tech companies were hurt the worst in the Thursday-Friday rout. Stands to reason NASDAQ would be the first index to find a (temporary) bottom.
PS: The Dow decline was 0.9 percent. At any other time that'd be seen as a big if not amazing drop. My fine investment bank sends out email notices only on 1 percent or more drops in the S&P. People love round numbers, often to their sorrow.

Meh, the market rises and falls in 1% increments on a near-regular basis. Now if they strung together about 5 or 6 of those drops, I'd start to be concerned.

 

[DanOregon]

The biggest problem is that the drop was human-error. And that human will continue playing with the economy like a yo-yo for another three years. And I have to think a chunk of Trump's circle was "prepared" for it.

 

[Here me roar]

I thought it would be worse. But there always tomorrow. Hubby's 401k company called today to see if he wanted to come in and look at options. He did not.

 

[UNCGrad]

Remember when the Dow opened up 1,300 points this morning?

Um, yeah.

 

[Twirling Time]

West Texas Intermediate dove south of $60 and it's going lower. That'll put a pinch on Putin's war wallet.