Dow Jones Futures Drop 420+ points on Trump Announcement of $100b MORE in Tarrifs

[berni_mccoy]

The Dolt just asked the USTR to consider $100b in tariffs against China.

China will retaliate.

Trump is dragging us into a Trade War and he doesn't give a damn about the markets.

http://money.cnn.com/2018/04/05/news/trump-tariff-china-trade-war/index.html

[Botany]

1. I just looked at my 401K investments and outside of bonds (10 cents a share) every part ....

... lost money last quarter. Now I know that markets go up and go down but
as i was reading it all i could say ..... thanx Don so much winning.

[Wellstone ruled]

6. Pretty much the story for most 401's.

Most loss 3-10% depending on your Mix of investments.

[Botany]

8. The international part* was just a little below even everything else ... 'cept bonds ... hit the

skids. Small cap which had been doing very well went to shit. I know markets
will go up and down but w/Trump we have a kid w/1000 gallons of gas, a lighter,
and bottle rockets. soooo much winning.




* no trump

[Wellstone ruled]

13. Hang on to this one.

Had this comment the other day from a Trumper. She was bragging about her $40 dollar increase in her Pay check thanks to Trump. Just smiled and did you notice the new Gas Prices,she said yes,well how much fuel do you purchase weekly,twenty to thirty gallons a week. Ma'am,our Gas prices out at your pumps have gone up 53 cents in the last 6 weeks,so there goes 15 dollars of your so called Tax savings.

Her response was a killer,well that ain't right,how can they do that,Trump promised us we would not see that happen. Darn,Donnie must have lied to you.

Made my day.

[Blue_true]

10. I warned people here to go into cash a few months ago.

Yes, they would have given up maybe a 5% gain, but they would have avoided the punishment that is coming. I know people whose 401k have not recovered from the 2007-2008 meltdown.

[lapfog_1]

2. Maybe not

I think this could be all Trump doing Putin's bidding.

look for short selling by oligarchs.

[unblock]

5. short selling would be a side bonus.

just the damage donnie's doing to the world economy, particularly our trade relationships, is a win enough for putin.

[lapfog_1]

7. yes, but the short selling accelerates the market drop

going into a steep dive with afterburners on!

[unblock]

9. yeah, but then there's upward pressure when the cover their short.

it all comes out in the wash once they cash out. but they do get to extract some wealth with effectively insider knowledge by this process.

but there's more to gain from russia (never mind politically and militarily) stepping in economically where the u.s. renders itself irrelevant. which is what donnie's doing in syria, with international trade, etc.

[Exotica]

11. especially when they took away the uptick rule on short sales

DATES: Effective Date: July 3, 2007.
Compliance Date: July 6, 2007.

https://www.sec.gov/rules/final/2007/34-55970.pdf


THAT was true fuel on the fire that help bring on the 2007 to 2009 financial crisis (not the main thing, obviously, but it was another flame thrower in the markert arsonist's toolkit)



BNP freezes $2.2 bln of funds over subprime
BUSINESS NEWS
AUGUST 9, 2007 / 8:44 AM / 11 YEARS AGO

https://www.reuters.com/article/us-bnpparibas-subprime-funds/bnp-freezes-2-2-bln-of-funds-over-subprime-idUSWEB612920070809

the kickoff..........................................

[Blue_Tires]

3. I'm convinced that Trump is a kid

who is literally fascinated by the concept of "Whatever I say directly influences the stock market!"

And I have no doubt that his buddies are using advance notice of his proclamations to make a killing on the trading floor....

[bearsfootball516]

4. It'll open down 400 and finish up 100.

Markets are ridiculous right now.

[Exotica]

12. let's see Cocaine Kudlow talk up the markets out of this Trump pipe bomb