Trump brands stock market tumble ‘the Kamala Crash’

[Valletta]

Trump wrote in a subsequent all-caps post: “VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!”

Trump brands stock market tumble ‘the Kamala Crash’

“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe,” Trump, 78, wrote on social media Monday morning — after the Dow Jones Industrial Average plunged 1…

nypost.com

Indeed. The choice is yours.

 

[AlexB23]

Trump wrote in a subsequent all-caps post: “VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!”

Trump brands stock market tumble ‘the Kamala Crash’

“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe,” Trump, 78, wrote on social media Monday morning — after the Dow Jones Industrial Average plunged 1…

nypost.com

Indeed. The choice is yours.

I did not even know we had a stock crash, cos I do not check stock news, but yes, a 2000 point plummet is not good. Also, I do not trust Trump for stock news, but I trust this graph below. We will have to see what the next few weeks bring, in order to determine if this drop will continue happening, or if this drop is just temporary, as in the drops in April and late May of 2024.

Also, wow, the DJIA surpassed 40K for the first time in July 2024, specifically July 12. That is amazing. As a kid, I remember the Dow being around 10,000-12,000 in the early 2010s.

 

[Bradskii]

Trump wrote in a subsequent all-caps post: “VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!”

All caps? Really? Anyway, Trumps brilliant plan is to increase tariffs. From here: Everything You Should Know About Tariffs and How They Impact Your Finances

'A study by Trade Partnership Worldwide estimates that for every job gained as a result of the recent tariffs, eight will be lost.

U.S. companies pay the tariffs on the goods they import then tend to pass on those costs to consumers. For example, the Trade Partnership Worldwide study estimates that the average American family of four will pay an extra several hundred dollars a year to several thousand dollars a year for goods and services as a result of the recent tariffs.

Although tariffs are touted as a way to protect American industries, they don’t protect American consumers from higher prices. And they don’t protect all American jobs — just those in industries protected by the tariffs. So be aware that when the government imposes tariffs, your finances will likely take a hit, and possibly a really big hit.'

Indeed, voters have a choice. You have been warned.

 

[Hans Blaster]

All caps? Really?

The caps lock key on Trump's iPhone got stuck in 2021.

 

[Hans Blaster]

I did not even know we had a stock crash, cos I do not check stock news, but yes, a 2000 point plummet is not good. Also, I do not trust Trump for stock news, but I trust this graph below. We will have to see what the next few weeks bring, in order to determine if this drop will continue happening, or if this drop is just temporary, as in the drops in April and late May of 2024.

Also, wow, the DJIA surpassed 40K for the first time in July 2024, specifically July 12. That is amazing. As a kid, I remember the Dow being around 10,000-12,000 in the early 2010s.

At the beginning of the year a closing at 38700 would have been an all time high. Many of us remember when the DJI fell 500 points in one day and it was the worst day for the market since '29.

 

[7thKeeper]

LOL. "Trump was right about everything". And the alternative title of this thread "American thinks that global phenomena only occured in the US and due to only single person from the US."

 

[AlexB23]

At the beginning of the year a closing at 38700 would have been an all time high. Many of us remember when the DJI fell 500 points in one day and it was the worst day for the market since '29.

I remembered the 2008-09 stock crash, but just barely. But yes, 38700 would have been an all-time high. The stock market is doing just fine, for now, but we better see what happens over the following days and weeks. Trump likes over-inflating issues, and blaming everything on others, it seems. Unfit for a president, that is for sure.

 

[durangodawood]

I blame Trump for this devastating crash.

 

[KCfromNC]

Trump wrote in a subsequent all-caps post: “VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!”

Trump brands stock market tumble ‘the Kamala Crash’

“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe,” Trump, 78, wrote on social media Monday morning — after the Dow Jones Industrial Average plunged 1…

nypost.com

Indeed. The choice is yours.

Yeah, one can go with people who can think in complete sentences or they can vote for the guy who wrote the weird rambling quoted here.

But I do appreciate we've heard both that Harris has done nothing as VP and is also single-handedly running the stock market. Nothing weird at all about trying to sell both of those ideas.

 

[iluvatar5150]

Trump wrote in a subsequent all-caps post: “VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!”

Trump brands stock market tumble ‘the Kamala Crash’

“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe,” Trump, 78, wrote on social media Monday morning — after the Dow Jones Industrial Average plunged 1…

nypost.com

Indeed. The choice is yours.

This class in economics brought to you by the same people who think that the blockage of the Keystone XL pipeline made gas prices appreciably more expensive.

 

[Tropical Wilds]

Trump wrote in a subsequent all-caps post: “VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!”

Trump brands stock market tumble ‘the Kamala Crash’

“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe,” Trump, 78, wrote on social media Monday morning — after the Dow Jones Industrial Average plunged 1…

nypost.com

Indeed. The choice is yours.

Daaaaang. Shes powerful enough as a VP to be the single cause of a worldwide market drop? Impressive.

 

[iluvatar5150]

Note that even with this dip, the S&P 500 is still 38% higher now than it was when Trump left office, for an annualized increase of 9.6%.

 

[Hans Blaster]

I remembered the 2008-09 stock crash, but just barely. But yes, 38700 would have been an all-time high. The stock market is doing just fine, for now, but we better see what happens over the following days and weeks. Trump likes over-inflating issues, and blaming everything on others, it seems. Unfit for a president, that is for sure.

I was talking of the largest percentage single-day drop in the DJIA, 2008 doesn't even make the top 10 (neither does yesterday).

 

[KCfromNC]

Note that even with this dip, the S&P 500 is still 38% higher now than it was when Trump left office, for an annualized increase of 9.6%.

View attachment 352844

Thanks, Obama.

 

[AlexB23]

I was talking of the largest percentage single-day drop in the DJIA, 2008 doesn't even make the top 10 (neither does yesterday).

Was that 1987? I was not around back then.

Ooh, I was right:

List of largest daily changes in the Dow Jones Industrial Average - Wikipedia

en.wikipedia.org

 

[Hans Blaster]

There is a sell off from the AI bubble that has to happen. Some big companies built up in part on AI hype are going to take a hit (NVDIA, MS, Alphabet, Meta). Some of the AI companies will just implode.

 

[7thKeeper]

There is a sell off from the AI bubble that has to happen. Some big companies built up in part on AI hype are going to take a hit (NVDIA, MS, Alphabet, Meta). Some of the AI companies will just implode.

Hmm? May have missed something in this thread. You mean related to the new EU legislation regarding use of AI?

 

[Hans Blaster]

Hmm? May have missed something in this thread. You mean related to the new EU legislation regarding use of AI?

I am unaware of any EU legislation. I was referring to the AI hype bubble. People are starting to catch on that it can't deliver what the hype promises. There will be a partial correction to the market to sort that out.

 

[Tropical Wilds]

There is a sell off from the AI bubble that has to happen. Some big companies built up in part on AI hype are going to take a hit (NVDIA, MS, Alphabet, Meta). Some of the AI companies will just implode.

I got the same heads up on MoneyWatch after Intel made their announcement. And it was predicted that we are at about the 12 month cycle for the 10% market pullback.

 

[wing2000]

This class in economics brought to you by the same people who think that the blockage of the Keystone XL pipeline made gas prices appreciably more expensive.

...and the same folks avocating for a 60% tariff on Chinese imports and 10% tariff for the rest of the world.