28 Comments
 

You’re not looking under the hood at all. It is huge carnage across many names. Even on the index level, QQQ down -21%, Russell 2000 back to 2020 levels down -27% (yes 5 years!), semi conductor indices such as SOX down -40% from highs and back to 2021 levels. The s&p 500 and dow have been relatively not as destructed but those are not most stocks. Years of gains have been wiped

 

That graph is wrong - there is no uptick at the end. It is straight down for 2 days. I get your point though.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

We have been implementing the worst economic and geopolitical policies in the past 100 years.  We survived 2008 partly because we had a lot of smart people helping us get through.   This time, we have a circus in town with a clown in charge.  

 
Most Helpful

We didn't survive 2008 beucase of smart people in charge... Blastin hundreds of billions at shitty debt deals and endless bailouts with barely anyone going to jail was really dumb. Not sure how you could think otherwise.

Now the deficit is larger than ever with no signs of slowing and the government's default response to a crisis has been to give away money. "Look boys, market is back up. Job well done!" 

 

Frybird101

We didn't survive 2008 beucase of smart people in charge... Blastin hundreds of billions at shitty debt deals and endless bailouts with barely anyone going to jail was really dumb. Not sure how you could think otherwise.

Now the deficit is larger than ever with no signs of slowing and the government's default response to a crisis has been to give away money. "Look boys, market is back up. Job well done!" 

Your comments about 2008 are about as misguided as your comments about tariffs.  In 2008, the economic/market system was on the bring of collapse and without intervention, bankruptcies and unemployment would have sky rocketed to multi decade highs.  Since then, company results have been strong and unemployment has been low.  Therefore, the intervention was successful.  I have a feeling you are going to find alternative facts

 

Habeas_Corpus

Dow Jones is at $38k not $42k FYI… you just conveniently left out a further 10% drop, no big deal right? And what if this is just the very beginning? These tariff policies are a very big deal and easily the dumbest policy in maybe 100y, if not reversed, there will be lots of blood on the street. This will not end well

It is not only the tariffs that are the problem.  The problems result from almost every action/statement this clown takes.  It is a terrible strategy to alienate your allies and it is awful to appoint loyalists with shit credentials to major roles in the US government.   The actions are damaging consumer confidence.  

 

Warren Icahn

This was posted on Thursday and this was the price the day before... I didn't leave anything out, maybe you didn't know but stocks change day-to-day. 

So why haven't you posted to say "I was wrong" yet?  We're all aware that stocks are marked at the end of every day, what we're all a little confused about is why you decided to make this post a day after tariffs were implemented (for one single index, mind you) and then pretend like you'd scored some sort of point, only to studiously ignore the fact that the market kept tanking and not update your own post.

You're either dishonest or incompetent.  There isn't a third choice.  So don't complain when someone picks the one you don't like.

 

Have you said thank you once? 

But seriously, this is one of the history books - we're getting pummeled right now. Just waiting to see if Trump starts backpedaling now that the crash is real, or if he just continues to double down. Bessent, Navarro, et. al. seems to live in their own bubble right now. Trump is going with his usual "Not my fault!"  

 

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