Posted on 04/04/2025 8:18:14 AM PDT by ChicagoConservative27
Wall Street kicked off Friday with another brutal stretch of losses driven by President Trump’s new tariffs despite stronger than expected March jobs data.
The Dow Jones Industrial Average was down more than 1,200 points shortly before 10:30 a.m. EDT Friday, a day after the market suffered its worse single-day of trading in five years.
The S&P 500 index was down 3.6 percent, and the Nasdaq composite was down 3.5 percent.
All three major indexes took serious losses Thursday, the first full day of trading after Trump’s announcement of up to $600 billion in new import taxes. The scale and scope of Trump’s tariffs shocked investors, who had already been selling off stocks in anticipation of a global slowdown.
(Excerpt) Read more at thehill.com ...
You need to move.🤣
Lower domestic taxes / cost of production to offset this...more economic activity domestically would produce more tax revenue and we would have the money in our pocket to pay the increased costs from tariffs. Congress has to actually act on that, however.
DAMN RIGHT LOL
Getting a 7.35% yield on a tax-advantaged MLP is too good to pass up! Been buying and will keep buying.
In a couple of months things will turn around. Right now Congress needs to pass ALL the tax cuts.
Yeah, it’s clearly an index sale. I’m looking at Exxon, which will probably get a benefit from the tariffs, and it’s following the S&P.
There’s going to be some great single stock pickups from this.
Walmart? Yeah, it’s got problems. Sells too much Chinese crap and depends on people on welfare to work there and buy stuff.
Even with this drop, the market is still historically highly priced with a PE around 20. Historically, the market trades at a PE between 15 and 18, so it is still expensive.
C’mon it’s The Shill, not worth reading.
This is not a major tax cut unless I’m missing something. President Trump’s proposal is merely an AVOIDANCE of a tax INCREASE.
Marginal tax rates, the ones that actually stimulate the economy, aren’t changing — again, please correct me if I’m wrong.
The Republicans are merely attempting to extend and make permanent the prior tax cuts of 2017. But there are no new tax CUTS of the top margin rates. Please LMK if it’s otherwise.
No tax on tips: Great, it will help the working class if they happen to be working in restaurants or hotels
No tax on social security: Great, it will reduce tax burdens on seniors
A truly great tax plan would reduce the marginal top rates. Just like President Reagan accomplished.
DOW 20,000!
One of the greatest distortion in our economy has been the outsized rewards to asset holders because of loose Federal Reserve habits. When you print money - the insiders get it first, e.g. NGO principals and the Congresscritters who get paid off through inside stock dealings. But after it flows through the pockets of the insiders it results in inflation and the Federal Reserve raises rates which affects mortgage holders, car purchasers, etc., e.g. rank and file working American citizens. And the number of people taking a reward from this ponzi scheme has grown and grown to the point that we cannot stand it anymore. A significant correction was long overdue.
Great post
You can buy individual stocks when the bottom is found, my guess is just hold cash right now and wait, then write put contracts for somewhere later this next year.
The amount of new debt and deficits counters any narrative of tax cuts. Without massive cuts to government, we will still add more debt, which is a future tax increase.
Congress is too busy crying about voting on maternity leave. What a great time for Luna the Loonie to pick this battle. Nobody gives a shit about her maternal carve outs. That’s not her friggen job. Pass tax cuts and go home then.
People hate it when stocks are good buys.
Imagine a market where stock price has a reasonable correlation between real growth, profit, and dividends.
Shocking, I tell you, shocking!
Well, it might be ‘considered ‘ but historically (over 100 years) it has been under 20. ANY number can be ‘considered’.
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