DawgTalkers.net Forums DawgTalk Palus Politicus Dow falls 1,100 points

Dow down again today, -960 pts as of now. It will go below 30K before this imbecile is gone. Make Americans Broke Again… Hoovervilles coming to a location near you.

not good!


https://www.cnn.com/2025/03/10/inve...-he-wont-rule-out-a-recession/index.html

Dow falls 1,100 points in market rout after Trump says he won’t rule out a recession
By John Towfighi and Lucy Bayly, CNN
4 minute read
Updated 3:08 PM EDT, Mon March 10, 2025


CNN
—
The rout on Wall Street steepened Monday afternoon as US stocks plunged and the Dow fell by more than 1,100 points — its largest single-day decline since December.

The widespread selloff was mostly driven by concerns about the impact of President Donald Trump’s tariffs on economic growth. In an interview that aired Sunday, Trump said the US economy would see “a period of transition” and refused to rule out a recession.

When asked on Fox News’ “Sunday Morning Futures With Maria Bartiromo” if he was expecting a recession this year, Trump said “I hate to predict things like that. There is a period of transition because what we’re doing is very big.”


The Dow’s losses equal 2.6%. The broader S&P 500 also plunged, dropping by 3.5%, while the tech-heavy Nasdaq Composite plummeted 4.9%.

Tech stocks were leading the selloff Monday, weighing on the S&P 500 and dragging the Nasdaq into correction territory. As of the afternoon, the S&P 500 was down 9% from its record high on February 19, and the Nasdaq was on track for its worst day since September 2022.

The “Magnificent Seven” of tech stocks — Alphabet (GOOG), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) — were all in the red on Monday, driving the broad selloff.

“President Trump’s comments not necessarily taking a recession off the table unnerved investors who were already unnerved,” said Anthony Saglimbene, chief market strategist at Ameriprise.

Tesla erases post-election gains
Tesla was down 14.8% on Monday. After the US presidential election in November, shares of Tesla surged. However, Tesla stock is down more than 44% this year, wiping out its gains since November.

The company’s shares have taken a massive hit in recent weeks amid protests against CEO Elon Musk for his oversized role in the Trump administration, as well as slumping sales in Europe.

Elon Musk speaks with President Donald J Trump and reporters in the Oval Office at the White House last month.
Related article
Wall Street is turning its back on Elon Musk

Nvidia fell 5% and Palantir (PLTR), another star of the artificial intelligence trade, slid 10%.

“When stocks overextend on the upside, they overextend on the downside,” said Gina Bolvin, president of Bolvin Wealth Management Group, in an email.

The VIX, Wall Street’s fear gauge, surged to its highest level this year. “Extreme fear” has been the sentiment driving markets for the past two weeks, according to CNN’s Fear and Greed Index.

“This uncertainty has been swirling in the market,” Saglimbene said.

Bitcoin slid to $78,000 on Monday — its lowest level since November — amid a selloff of risky assets.

Tariff uncertainty spooking Wall Street
Stocks have been hammered so far this month amid uncertainty around Trump’s on-again, off-again tariff policy. The S&P 500 slid 3.1% last week, posting its worst week since September.

“The stock market is losing its confidence in the Trump 2.0 policies,” said Ed Yardeni, president of Yardeni Research.

Trump threatened a massive tariff on imports from Canada and Mexico but then announced a reprieve until April 2. He doubled the tariff on all Chinese imports to 20% from 10%, and a 25% tariff on all steel and aluminum imports is set to take effect March 12. In addition, Trump threatened last week to enact a 250% tariff on Canadian dairy products and a “tremendously high” tariff on its lumber. On Sunday he told Fox that tariffs may still “go up as time goes by.”

“The talk of tariffs is, in a lot of ways, worse than the implementation of them,” said David Bahnsen, chief investment officer at the Bahnsen Group. “The tariff talk, reversal, speculation, and chaos only fosters uncertainty.”

“I do not believe the administration knows how the tariff situation will play out, but if I were a betting man I would say that it will persist long enough to do damage to economic activity for at least a quarter or two, and ultimately result in a deal with different countries that make everyone wonder why we went through all the fuss,” he said in a note Monday.

President Donald Trump signs an executive order in the Oval Office of the White House.
Related article
Cracks are forming in America’s economy. Trump is a big reason why

And cracks are forming elsewhere: Layoffs are mounting, hiring is slowing, consumer confidence is eroding and inflation is picking up.

The yield on the 10-year US Treasury slid to 4.215% as investors snapped up government bonds, signaling concerns about uncertainty and economic growth.

Looking ahead this week, investors will be attuned to monthly inflation data expected on Wednesday and Thursday to gauge whether inflation remained stubborn in February.

A recession is commonly defined by two consecutive negative quarters of gross domestic product growth. The National Bureau of Economic Research’s Business Cycle Dating Committee, the official arbiters, says a recession “involves a significant decline in economic activity that is spread across the economy and lasts more than a few months.”

“How long this period of investor caution persists depends on how quickly it will take the global trade clouds, and the resulting threat of recession, to dissipate,” said Sam Stovall, chief investment strategist at CFRA Research, in a note Monday.

This is a developing story and will be updated.

CNN’s Matt Egan contributed reporting.

I just posted about Trump continuing his crash of our economy. Only question in my mind is how low will it go…

I have no clue how low it will go. something tells me it will end up around -650 ish

I meant the overall drop in the markets for the duration of his presidency. I fully expect the DOW to dip below 30K before he’s gone. Not rooting for that, but I expect it to be bad. Everything Trump does is bad for America.

Refs merge my thread please**

On Biden's last day, it was at 43,487.83

Currently, we are at 41,913.23

We could go down -1500 points today. it is so hard to guess what is going to happen.

could be an overreaction by the market. lets hope, anyway.

Dow closed today almost 900 pts down..

Usually I don't buy into the thinking that Presidents have major effect on the markets. In general I think that's true. But if we see a President make a series of moves that effect costs to the American people, I do think there is a certain fear that develops and the market responds.

So, this time, this is on Trump. He'll try to tell everyone it's Bidens fault. But that will be a giant pile of BS. Biden did nothing but grow the economy and he stabilized it after the Pandemic. But that's embarrasing to Trump...

Truth- Biden's watch market grew/ recovered. Yes- Trump will blame Biden for falling markets and for price increases.

Show me a time when trump has take an ownership of any of his mistakes and calamities....

I read an article this morning that said that Trump posted on Truth Social 100 times between Noon and 6 pm yesterday... Kinda reminds me how Nero Fiddled while Rome burned. Dnn't blame me, I wasn't dumb enough to vote for this Russian ASSet.

A buddy who I trust greatly with these topics said to me that it has something to do with the tariffs, but it is not the only reason. He said market valuations are also at historic highs and people have been waiting for this adjustment for awhile now. He expects it to go down more.

As Samuel L. Jackson once said....."Hold on to your butts!"

Ironically, it looks like Tesla is leading the charge of long-overdue valuation bubbles looking like they're ready to burst.

You can not have the level of cuts and layoffs on the federal side, the crazy gains the market has made the last couple years-and the tariffs. These are not surgical tariffs to stabilize a US market that is getting rocked-these are just indiscriminate tariffs and we have not even begun to feel the pain of the tariffs/reciprocal tariffs.

And I think it is now morphing into board rooms talking about bottom lines getting squeezed from tariffs/projects going away because grant money is being pulled and uncertainty that trump/musk even have a clue.
The market is going to go way lower unless they find somebody in the room with half a brain to come up with a new strategy

I held on after the election because I thought trump would go back to his old hat-do the tax cuts first and then go after the tariffs and a little bit of cuts to the fed departments.
When it didnt happen after a couple weeks and the elon bros started their crap-I pulled about 20-25% of my gains of the last few years out and went to bonds/cash/money market. When myself and our owners had a meeting about 4-5 weeks ago with a general contractor who has a project working for a company that wanted to spend about 300 million to build a manufacturing facility to make something that had to do with grid reliability and the whole grant that they got from Biden thru the Dept of Energy was pulled "for review"-I went home and talked to my wife a couple days later on as Saturday morning over coffee and we decided to pull most of the rest of our 401k out and put in bonds/cash and put all of our kids college fund money in CD's.

I still have a little bit in an index fund and some foreign funds but most of my stock in US companies was moved about 4-5 weeks ago.

NBC News
Trump made the stock market a marker of success. Now he's hedging as markets dip.
Shannon Pettypiece
Mon, March 10, 2025 at 8:26 PM EDT5 min read


When President Donald Trump wanted to make the case for his first term’s success in an interview last month, he turned to the stock market.

“I was very proud to have handed over the country when the stock market was higher than it was, previous to the pandemic coming in,” he said in a Fox News interview Feb. 9. “It was an amazing achievement.”

And in his second term, he has promised that trend would continue.

“The stock market is going to be great,” he told the crowd at an investor conference Feb. 19.

But after stocks began a downward spiral last week on fears Trump's use of tariffs will tip the United States into a recession, his tone has changed.

“You can’t really watch the stock market,” Trump said in an interview that aired Sunday on Fox News. “If you look at China, they have a 100-year perspective. We have a quarter. We go by quarters.”

On Monday, stocks sank further, erasing all of their gains since Trump’s election. The S&P 500 had its worst day since September, and shares of technology companies were among the hardest hit as the Nasdaq had its biggest one-day drop since 2022, wiping out $1 trillion in value.

None of the more than two dozen posts on Trump’s Truth Social account Monday addressed the market sell-off. A White House official downplayed the market moves in a statement to reporters.

“Since President Trump was elected, industry leaders have responded to President Trump’s America First economic agenda of tariffs, deregulation, and the unleashing of American energy with trillions in investment commitments that will create thousands of new jobs," White House spokesman Kush Desai said in a statement. "President Trump delivered historic job, wage, and investment growth in his first term, and is set to do so again in his second term.”

The White House cited several surveys showing improved confidence among business leaders, though the surveys were conducted before Trump imposed the tariffs on Canada and Mexico last week.

Analyst Says Amazon.com (AMZN) Is a ‘Victim of Their Own Success’
Insider Monkey

After Trump’s first term in office, he frequently used the stock market like an EKG tracking the health of his presidency with posts like “Stock Market at all-time high. That doesn’t just happen!” At rallies, he would often cite the market and talk about workers’ thanking him for making them rich because their stock portfolios were doing so well.

While the stock market had its ups and downs during Trump’s first term, including a dramatic fall at the start of the pandemic, it was largely on an upward trajectory, with the S&P 500 index increasing nearly 70% during Trump’s first term. The market continued its overall rise during President Joe Biden’s time in office.

On the eve of Trump's inauguration, when the S&P 500 was up around 3% since the election, he referred to the increase in stocks, along with other improvements in the economy, as the “Trump effect.”

“Everyone is calling it the — I don’t want to say this, it’s too braggadocious, but we’ll say it anyway — the Trump effect. It’s you. You’re the effect,” Trump said at a rally with supporters. “Since the election, the stock market has surged, and small-business optimism has soared a record 41 points to a 39-year high. Bitcoin has shattered one record high after another.”

But as Trump’s policies have begun to take shape in his first 50 days in office, some of that optimism from investors has reversed course. The decline in markets accelerated last week, when Trump carried through on a threat to impose a 25% tariff on goods from Canada and Mexico, two of America’s closest trading partners, and put an additional 10% tariff on imports from China.

While Trump backed off on many of the Canada and Mexico tariffs days later, the levies remained on many products, and he reiterated that more tariffs were coming in April. On Monday, China imposed retaliatory tariffs on a variety of U.S. agriculture products, while Ontario’s premier announced the province would begin charging 25% more for electricity to 1.5 million Americans.

U.S. tariffs on imported steel and aluminum were set to go into effect later this week, which would drive prices higher for some U.S. manufacturers.

“The underlying fundamentals of the economy are really strong. There is unfortunately a huge amount of uncertainty right now that is affecting boardrooms and investors," Peter Orszag, CEO of the investment bank Lazard and a top budget official in the Obama administration, said in an interview on CNBC. "I think people could understand tension with China. It’s Canada, Mexico and Europe that is confusing. So the good news is this is a choice."

Trump hasn’t dismissed the notion of some economic pain from his tariffs, warning that there will be a “period of transition” in his interview Sunday on Fox and a “little disturbance” in his address to Congress last week.

His top economic officials also offered a warning last week, with Treasury Secretary Scott Bessent saying there would be a “detox period” as the economy shifts away from government spending, and Commerce Secretary Howard Lutnick saying prices on some items would go up as a result of tariffs — though they wouldn’t increase overall inflation.

On Sunday, Trump maintained his position on the tariffs in remarks to reporters as he flew back to Washington from a weekend at his home in Palm Beach, Florida.

“I think the tariffs are going to be the greatest thing we’ve ever done as a country,” Trump said. “It’s going to make our country rich again.”


https://www.yahoo.com/finance/news/trump-made-stock-market-marker-002623522.html

This is true.

But what we are seeing right now is a 100% reaction to Trump. Period. Without the trade wars and Trumptarded "policies", this doesn't happen and you can't change that. Without the Trump affect the markets would still be at their all time highs and possibly overvalued.

No amount of deflection and distraction will change that fact.

This is the thing that gets me with Trump. As Mr. Business, he should have known what his chaotic actions were going to do. He's supposed to be more familiar with the goings on of a board room than anyone.

This is an honest question. Has he ever been a part of a board room meeting where he has had to put together a plan and "pitch" it in a CEO capacity, or has he pretty much been more of the Chairman recipient of the plan and just says "yea or nay"?

I tried to explain this the first time he ran for president. He has always been the head of a family business where he and he alone has the final say. Much he same way he is trying to operate our government now. He had no experience with oversight which is what he has wiped out now in our government.

As far as the stock market goes.......

I don't think there's a single ingredient as to why the market is diving. Many have spoken about the tariffs, a natural market correction and so on. The thing is, if people actually believe that some market correction just accidentally happened at the exact same time as all this talk of tariffs they have either fooled themselves or are trying to fool others. I don't pretend to have all of the answers as to why it's falling the way it is but I do know two huge contributing factors.

Consumer confidence and consumer spending. 80% of America's GDP is based on consumer spending. How confident consumers are with the economy has a big impact on the way they spend. Companies all across this country from Walmart on down have projected that sales and profits will be down in 2025.

US Consumer Confidence Dropped Sharply in February

https://www.conference-board.org/topics/consumer-confidence

The worst since Feb. 2021.

US consumer spending posts first drop in almost two years

https://www.reuters.com/markets/us/...uary-monthly-inflation-rises-2025-02-28/

I have no idea if things will continue to trend this way or not. But this is the current status and this too is a contributing factor for what we're seeing now.

Didn't he file bankruptcy 6 times?

Just clicking; Down over 500 today. I don't see any end in sight

Lucky me so far, the stuff I'm invested in hasn't been hit to hard.

trump doubled the tariffs on Canadian steel and aluminum this morning

I wish this would help more than the handful of steel factories that exist in this country. But it's clear we can't force the free market to build factories in this country that we need, so...oh well.

Cleveland has some big ones here.

for sure, and they're gonna benefit greatly.

I'm just saying we don't have nearly the amount of mills across the country for these tariffs to really benefit the industry. we don't have a lot of big steel mills left, and it takes at least 2 years to put up one.

now, my response to my own statement would be "well better start building them now", but that's not how the people at the top view it.

He already has,,, That to me is a sure sign he knows he's to blame for this recent drop. He also tried to blame Biden for Canada providing Electricity to certain states... I think he forgot he signed the deal with Canada and Mexico that allowed that.

He really isn't all that bright

lol fair.

I think renewalable energy is going to get a shot in the arm in the US and Canada is going to cut off their nose in the process.

The Trump Slump continues full steam.

Wonder if it escalates when all these countries quite rightly return the tariffs and impose increases on US exports?

Who wins? Who Pays? What is the long term benefit of recipricated taxes?

No-one. Us. No benefits, just higher costs for everyone and less stable world trade partners.

He makes this dumb old hillbilly look as bright as a 1,000,000 watt light bulb

I agree with the last part.

Markets like stability. Right now we don't have stability. There is a lot of upheaval. Upheaval we as a country have been avoiding for several decades. Avoiding as in sticking our heads in the sand.

Now we are hearing hints of the country going broke. Is it fear mongering or does it hold some truth? Probably some of both, but we are indeed acting like a business who can't continue to see red ink.

What about anything 47 campaigned on makes you think renewable energy is going to get a shot in the arm?

You have framed that as if it's almost something that we need to do and go through.... I think that is drinking the Kool-Aid just a little bit too much.

I am re-reading Hitchhiker's guide to the galaxy and came across an observation about their president that I think is apropos:

"One of the major difficulties ... was learning to distinguish between him pretending to be stupid just to get people off their guard, pretending to be stupid because he couldn't be bothered to think and wanted someone else to do it for him, pretending to be outrageously stupid to hide the fact that he actually didn't understand what was going on and really being genuinely stupid."

Additional quotes about the president of the galaxy that apply to our current president include

"Many had seen [him being elected president] as clinching proof that the whole of known creation had finally gone bananas"

He was a "good-timer, (crook? quite possibly), manic self-publicist, terribly bad at personal relationships, often thought to be completely out to lunch."

The qualities that the president was required to display "are not those of leadership but those of finely judged outrage."

but we (the people in control) hate renewable energy, remember? it's all a scam. we need more coal plants and drill more oil. we haven't invested in the infrastructure like we should for the last 30-40 years, at least thats what people keep telling me based on the oil companies.

on top of that, let's drill more oil. now we gotta convince (read: bribe) private companies to build the refineries necessary for us to be self-sustainable.

Refineries the private market could've build years ago...but chose not to.

has nothing to do with 47. it has to do with us making our own power in alternative ways in the USA vs buying it from across the border.


heck, Microsoft is getting a nuclear reactor up for themselves

https://www.datacenterdynamics.com/...-signs-20-year-835mw-ai-data-center-ppa/

So then you are against trillions in tax cuts that make the red ink much worse?

That Tesla commercial he shot in front of the White House yesterday should help EV sales. At least for one brand.

Drill bay drill. Lets dig up some coal!