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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]
Bwana 06:06 PM 12-06-2018
Originally Posted by oaklandhater:
it's not that i'm celebrating.
Riiiiiiiiiiiiiiiiiight :-)
[Reply]
vailpass 06:59 PM 12-06-2018
Originally Posted by oaklandhater:
it's not that i'm celebrating.

it's that Trump and his admin are a economic blunder.


so any blowback he gets can either make you laugh or cry.
Did your parents have any children that lived?
[Reply]
lewdog 09:16 PM 12-06-2018
Originally Posted by Over Yonder:
I'm sure I could be making more, but I can't see where I'm losing. Here's the way I see it.

Yonder's money $10
Company match $5

My $10 just turned into $15, that's 50% interest (as long as I don't lose any of it). Then you throw in whatever chump change the money market gains, even if just one penny, that's just icing on the cake at that point.

I do appreciate all the advice but I doubt I change anything. I just had a question of clarification.
What's your company's match?
[Reply]
GloryDayz 09:16 PM 12-06-2018
So the DOW finished the day down 80 and the NASDAQ up 30. Crazy day..
[Reply]
petegz28 09:28 PM 12-06-2018
Originally Posted by GloryDayz:
So the DOW finished the day down 80 and the NASDAQ up 30. Crazy day..
Huge day. This is the kind of day that day traders dream of. IF you are an active index trader, you could have made bank today.

That being said, the fact we rebounded from 800 down is not insignificant at all. We bounced off the lows from the other week in a huge way. We definitely seem to be establishing a trading range for the time being. Going into year end I would expect the market to be a bit higher but you do have things like tax loss selling and such that will come into play for the next week or two.

Tech stocks saw a lot of buying this afternoon which could indicate that people are seeing value at these prices and are swooping in. Retail seemed to take it on the chin. Oil is a weight on the market right now. As much as we all like lower oil prices, the market doesn't.
[Reply]
Bob Dole 10:03 PM 12-06-2018
Originally Posted by oaklandhater:
it's not that i'm celebrating.

it's that Trump and his admin are a economic blunder.


so any blowback he gets can either make you laugh or cry.
So it's just coincidence that any time there's a drop, you rush to the forum to post a thread about it?

You realize that everyone else isn't as stupid as you, right?
[Reply]
Over Yonder 02:19 AM 12-07-2018
Originally Posted by lewdog:
What's your company's match?
It maxes out at 4% mine, 2% theirs.
[Reply]
oaklandhater 01:05 PM Yesterday

BREAKING: Dow falls more than 420 points, below 24,000 for first time June 28 https://t.co/h35a63eZ30 pic.twitter.com/byYCl0zb1N

— CNBC Now (@CNBCnow) December 10, 2018


[Reply]
HonestChieffan 01:26 PM Yesterday
OH Back cheering a negative for millions and millions of people. Sick minds that constantly find pleasure in the pain of of others.
[Reply]
Fire Me Boy! 01:45 PM Yesterday
I've lost 5% of my 401k in the last 3 months. Being unemployed, I can't really afford that.
[Reply]
HonestChieffan 01:46 PM Yesterday
Originally Posted by Fire Me Boy!:
I've lost 5% of my 401k in the last 3 months. Being unemployed, I can't really afford that.

were you drawing off the 401K?
[Reply]
LiveSteam 01:52 PM Yesterday
It's up .006
[Reply]
LiveSteam 01:52 PM Yesterday
Oh deer God it's down again
[Reply]
LiveSteam 01:53 PM Yesterday
Up again.
[Reply]
HonestChieffan 01:53 PM Yesterday
Originally Posted by LiveSteam:
Oh deer God it's down again

Before Trump the market was always up.
[Reply]
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