Posted on 03/22/2018 1:46:11 PM PDT by SMGFan
The Dow Jones Industrial Average plunged more than 700 points today amids Wall Street fears of a potential trade war with China sparked by punishing tariffs announced by President Donald Trump.
(Excerpt) Read more at abcnews.go.com ...
Lots of globalists losing money and disapprove of MAGA. Np
Cashing out to buy into better investments once the account settles. No big deal.
Didn’t we just raise interest rates?
A good buying opportunity.
I missed out on most of the post election run up. I increase the ownership levels on our 3 favorite mutual funds.
By late Thursday/early Friday after the election, I felt that I was too late to get in. Bad call on my part.
I will be checking out some ETF’s and be placing some buy at orders and of course sell at orders to protect our gains.
If you don’t sell, you don’t lose
Good advice.
We haven’t had a level playing field since Clinton/BushII and Obama. We have been in a trading war with both hands tied behind our backs, with a blindfold and one foot nailed to the floor for about 3 decades.
“Dow close down more than 720 points amid news of Trump’s planned tariffs on China”
Really?
Because he did that nine days ago...
But this was anounced yesterday:
So ABC “News,” what affected the Stock Market today?
.
Raise tarrifs and prosper.
History doesn’t bear this out. But this time it may be different.
+++
Please, history is written by Big Corp special interest. Tariffs always work if allowed to stay in place.
Tariff the hell out of em. The only way to level the playing field for working Americans. Who have been cast aside for Big C’s bottom line. The working class is now the poor working class.
About 10 years ago, you and I were talking each other down off the ledge of a panicked sell of equities. Glad we hung on.
“Greed moves the markets.....” as does fear
Bookmark
My sell by orders protected 50% of my butt, the rest was in Fido CDs. That was an automatic sell, we were on a cruise when the market caved. We lost 10% on what had been recalced before we went on the cruise.
So people like you and I, either stayed in the market or got back later and did okay.
I’m approaching 80 this year and not as daring as I have been.
My wife and I both have auto distribution payments on our IRAs since we have been 70. Inspite of those distributions, our IRAs are basically at the same levels at the recovery. post BushII/Obama.
Thanks to the Trump economy in spite of 5 figure auto distributions on both IRA’s last the value of our IRAs were higher than after the first of this year.
The tomatoes went on sale!
Good news!
Wall Street is apparently fine with cheap labor, intellectual property theft and high Chinese tariffs on our exports.
“Didn’t we just raise interest rates?”
Yup- yesterday afternoon. No mention of that from the MSM today though.
Guess tech stocks fears like google face book had nothing to do with it.
I had to think about 10 years ago.
My biggest fear and I believe yours was the bold bs moves by the mediots and Obama to take money from our 401ks/IRAs and what to do if they did.
Fortunately, they backed away from that bs.
Take a look at the top decliners today and you'll see why the market dropped. #1 is Boeing. China is 12% of their business.
Thanks for your reality reply!
“Please, history is written by Big Corp special interest. Tariffs always work if allowed to stay in place.
Tariff the hell out of em. The only way to level the playing field for working Americans. Who have been cast aside for Big C’s bottom line. The working class is now the poor working class.”
You obviously have not read much history. Small on knowledge; big on emotion.
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