They're not sending their best.
Posted on 03/10/2025 3:16:48 PM PDT by RandFan
The stock market kicked off the week with steep losses Monday after President Trump declined Sunday to rule out the U.S. economy slowing into recession.
The Dow Jones Industrial Average closed with a loss of 890 points Monday, falling 2.1 percent. The Nasdaq composite closed with a loss of 4 percent, and the S&P 500 index closed down 2.7 percent.
Stocks have fallen steadily since the start of March in response to a string of underwhelming economic data and whipsaw tariff announcements from the Trump administration. But the selloff intensified Monday after Trump demurred on his outlook for the U.S. economy in a Sunday interview.
“I hate to predict things like that,” Trump told Fox Business host Maria Bartiromo on “Sunday Morning Futures” when asked if he expected a recession this year.
“There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing. And there are always periods of — it takes a little time. It takes a little time. But I think it should be great for us. I mean, I think it should be great.”
(Excerpt) Read more at thehill.com ...
King Canute couldn’t rule out the rise and fall of the tide.
Right?
Overpriced tech stocks, low earnings.
Oh…Trump is the one who decides if we are having a recession? LOL
Who are the people writing this crap?
It’s uncertainty . Organized chaos is how Trump governs. Businesses don’t know what he’s doing.
Whenever I’d down and want to feel superior to someone, I read something written by our media ‘experts’ to cheer me up. The Hill is one of my first go-to refs.
I’ve said it a few times already. Trump is playing a game of chicken with Jerome Powell. Trump wants interest rates to come down. He will force Powell’s hand.
We’ve been in a recession since 2022.
It’s “tariff, in 3, 2, wait another month, some tariffs, more tariffs 3,2, nope, another month reprieve, 3, 2, ?”. The uncertainty is what the market hates.
The end of an illusionary economy, can’t come soon enough.
Asset valuations, whether in the stock market or real estate will eventually reflect economic reality.
“Tick Tock”
They're not sending their best.
fraudulent market... reality is half of where it currently sits
There goes the “stable” part of stable genius.
If I had money to invest I’d buy as soon as the market “plunges.”
It always comes back up even if news articles want us to think that the market is doomed and we will have a depression.
Unless they are referring to growth like something you have a doctor remove. Or, "Here's a quarter. Go downtown and have a rat gnaw that thing off your face."
Is this a good time to buy?
“I’ve said it a few times already. Trump is playing a game of chicken with Jerome Powell. Trump wants interest rates to come down. He will force Powell’s hand.”
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Gutting 401’s and IRA’s so you can force the Fed to reduce interest rates when the economy really craters (or, “corrects”) is screwing the people who put Trump in office.
If the reason for the decline is what Trump said then its based on emotion and temporary.
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