Posted on 03/10/2025 12:13:40 PM PDT by EBH
A three-week market sell-off intensified on Monday, with investors worried that tariff policy uncertainty would tip the economy into a recession, something President Donald Trump did not rule out over the weekend in an interview.
The Dow Jones Industrial Average dropped 1,107 points, or 2.6% for its biggest decline of the year. The S&P 500 shed 3.4%, falling to the lowest level since September. The tech-heavy Nasdaq Composite saw the biggest selling of the major averages, falling 4.8% for its biggest decline since September 2022.
The S&P 500 is off by 9.1% from its all-time high reached Feb. 19, the Nasdaq Composite is off by 14% from its recent high. Small-cap benchmark Russell 2000 is off 18% from its high. A 10% decline is considered a correction on Wall Street.
The losses worsened as the trading day continued.
(Excerpt) Read more at cnbc.com ...
End of easy money. Gotta swat in out.
I would say a very long overdue correction.
That and the MIC might be taking a hit.
Democrats must be thrilled.
Buy buy buy
The market needs this is a very bad way...
Meanwhile, the S&P 500 is up 10x (1,000%) on an inflation adjusted basis since I started investing in the early ‘80s.
Where do you want to be?
On the sidelines?
Trump’s economic plans seem Schizophrenic...Not seeing a clear path to where he is going...
Wall Street got addicted to Spending, and now the money is being shifted to private.
Stock market has been overpriced for a long time due to FedReserve funny money.
Don’t mind me. I’m just showing all of the NeverTrumpers where they can park to participate in this thread.
You globalist troll.
Based on earnings, stocks are still 35% over valued. We had dozens of market drops without tariffs in the past.
>> Buy buy buy
I did. Eggs. Now I’m broke and so are the eggs. 😩
Being worsened by the trade war instigated by Trump.
The ability for the government to spend dept is like a junkie with the syringe hanging out of the artery. At some point the junkie needs to break the habit. Trump is pulling the needle out so the junkie can get straight. The only way to cure the dysfunction that comes from addiction is to stop using the drug. Withdrawal is painful but better than not quitting.
That’s why he’s president and you are some schlub sittin on the couch stuffin your face.
Nope I support Trump but would be nice to understand where we are going..., if we are heading off the cliff I would like to be prepared as it is not the fall that kills you it is the sudden stop.
should have bought the chicken....
then you’d have a egg manufacturing plant.
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