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Washington DC and The Holy Land>Dow falls 800 points on China trade confusion and mounting fear tariffs are choking g
oaklandhater 04:11 PM 12-04-2018
https://www.nbcnews.com/business/mar...global-n943641



The Dow Jones Industrial Average fell by almost 800 points Tuesday, to close at 25,027, continuing a shaky start to the week prompted by confusion over a thaw in U.S.-China trade relations.

The Dow finished the day down 3.06 percent. The S&P 500 lost 3.2 percent of its value, and the Nasdaq fell by 3.8 percent.

The decline on the blue-chip Dow came just one day after a 300-point rally, with investors cheering news that President Donald Trump and China's President Xi Jinping had settled their differences at the G-20 economic summit over the weekend.

Trump announced via a weekend tweet that China would "start purchasing agricultural product immediately," and that "China has agreed to reduce and remove tariffs on cars coming into China from the U.S." Treasury Secretary Steven Mnuchin echoed the positive sentiment, telling CNBC on Monday, "This is the first time that we have a commitment from them that this will be a real agreement."

On Tuesday, Trump tweeted, "The negotiations with China have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina."

However, no joint statement from the U.S. and Chinese trade teams was issued after the leaders of the world's two largest economies met on the sidelines of the G-20. While the Chinese Foreign Ministry acknowledged that further talks on tariffs would proceed, Beijing has yet to corroborate details on any major parts of the trade agreement, with Chinese state media avoiding any reference to a 90-day condition, nor did it mention an agreement to unilaterally reduce car tariffs.

“The market is reassessing if anything tangible happened at the Trump-Xi dinner,” Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company, told MarketWatch.

A protracted tit-for-tat over import tariffs has dominated the economic landscape since Trump first imposed them in January, with markets in turn rallying and tanking as investor sentiment veered.
[Reply]
Bowser 08:56 PM 12-04-2018
Originally Posted by oaklandhater:
the fact that you guys think I'm celebrating is hilarious
Originally Posted by oaklandhater:

via GIPHY

HILARIOUS
[Reply]
lewdog 09:36 PM 12-04-2018
Trump should stop fucking these market rallies by tweeting or opening his big mouth.
[Reply]
Chiefspants 09:49 PM 12-04-2018
Originally Posted by oaklandhater:
the fact that you guys think I'm celebrating is hilarious
The gif is a little much.

The market is showing very real cracks that are similar to the signs we saw before the whole financial system crashed in 2008. It is going to ruin people’s lives if that happens again.
[Reply]
Hog's Gone Fishin 10:10 PM 12-04-2018
I know one thing. I picked a hell of a time to start trading stocks.
[Reply]
Hamwallet 10:10 PM 12-04-2018
Originally Posted by oaklandhater:
the fact that you guys think I'm celebrating is hilarious
That fact you have no money in the stock market is funny.
[Reply]
GloryDayz 10:24 PM 12-04-2018
Originally Posted by Donger:
I'd like to think that Trump would figure out that sometimes, he should just put down his fucking phone.
Why?
[Reply]
Jim Hammer 10:38 PM 12-04-2018
But look at it this way, Trump gets to tweet about it crossing 25k again.




[Reply]
Pitt Gorilla 11:35 PM 12-04-2018
Originally Posted by Detoxing:
Just being real with you, your threads always come across like you're celebrating. Whether that's your intention or not.

I have no bone to pick with you, but i get the same vibe.
The straight cut and paste always denotes celebration, IMO.
[Reply]
-King- 12:39 AM 12-05-2018
Originally Posted by oaklandhater:
the fact that you guys think I'm celebrating is hilarious
You are lol. You're just like every one else on this forum. Only post things to get your "I TOLD YOU SO" moment.
Posted via Mobile Device
[Reply]
petegz28 08:23 AM 12-05-2018
Originally Posted by lewdog:
Trump should stop ****ing these market rallies by tweeting or opening his big mouth.
Yeah, it was all Trump. It had nothing to do with the inversion of the yield curve between 3's & 5's. :-)
[Reply]
petegz28 08:27 AM 12-05-2018
BTW, the OP is completely off base. The yield curve started to invert on Monday which is what sent stocks down. The trade talks had a little chatter about them but it was primarily the inverting yield curve.
[Reply]
Discuss Thrower 09:15 AM 12-05-2018
Originally Posted by petegz28:
BTW, the OP is completely off base. The yield curve started to invert on Monday which is what sent stocks down. The trade talks had a little chatter about them but it was primarily the inverting yield curve.
What on Earth gives you the idea oaklandhater knows anything about the global bond market?
[Reply]
Iowanian 09:27 AM 12-05-2018
I should get some money together to buy in first thing in the morning...when the Dow roars back because Trump is awesome.
[Reply]
Marcellus 09:42 AM 12-05-2018
Originally Posted by lewdog:
Trump should stop ****ing these market rallies by tweeting or opening his big mouth.
Agreed.
[Reply]
Lex Luthor 10:17 AM 12-05-2018
Yesterday's drop of 799 points is the 4th largest drop in the history of the DJIA. All 4 drops of 799 points or higher have taken place during the Trump administration.

Trump promised to run this country like he runs his businesses. Turns out he was right.


[Reply]
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