Dow closes above 30,000 for first time

[Oompa Loompa]

If Trump's own decisions lead to a poor outcome, I hope everyone will see the reality for what it is.

Sound fair.

 

[essentialsaltes]

Let’s go 38!

38,700 or so at the moment

 

[Nithavela]

Heating oil looking mighty fine. Might fill the tank up early this year.

 

[GoldenBoy89]

38,700 or so at the moment

Well on our way back to the pre-Covid days!

 

[essentialsaltes]

 

[Nithavela]

 

[essentialsaltes]

Fox News removes their Dow ticker as stocks crater from Trump's new tariffs

 

[Aryeh Jay]

Fox News removes their Dow ticker as stocks crater from Trump's new tariffs

But really, the majority of their viewing audience don't own stocks and wouldn't be able to figure out the numbers anyway. Those with significant amounts in the market don't watch TV waiting for their stocks to scroll by, they have an ap or someone actually managing their portfolio.

 

[GoldenBoy89]

But really, the majority of their viewing audience don't own stocks and wouldn't be able to figure out the numbers anyway. Those with significant amounts in the market don't watch TV waiting for their stocks to scroll by, they have an ap or someone actually managing their portfolio.

Checkmate again liberals!

 

[Oompa Loompa]

But really, the majority of their viewing audience don't own stocks and wouldn't be able to figure out the numbers anyway. Those with significant amounts in the market don't watch TV waiting for their stocks to scroll by, they have an ap or someone actually managing their portfolio.

Now would be a really good time to explain what you meant by that post.

 

[Aryeh Jay]

Now would be a really good time to explain what you meant by that post.

Ok, I will use myself as the example. After my father retired from the military he went to work for Wal-Mart and took advantage of the profit sharing program where some of your compensation was stock instead of cash in your paycheck. I inherited the 1/3 of the stock that he had in 1993, my mother and sister getting the other 2/3. They both sold their shares in 1995. I held on to mine, had the dividend reinvented, and after 32 years and a 2 for 1 split in 1999 and a 3 for 1 split last year, I have a good chunk of stock in that particular business. I don't watch the TV to catch the stock prices scrolling on the bottom of the screen. If I did, I might have gotten mad to see that today I lost a little over $57,000. The app on my phone keeps me up to date on the market and watch the sinking in real time. But in the long term it doesn't bother me. I still have over $900,000 in Walmart, enjoying the warm Virginia weather on my 82 foot sailboat and with few places to shop, Walmart will make it back. Hopefully the rain expected at 1am will wash the pollen off the boat.

 

[Vambram]

View attachment 363115

View attachment 363114

Tariffs are part of a long term strategy to bring strong growth to the American industries and very strong economic growth for all Americans.... not for those who play short term strategies with Wall Street stocks.

 

[Pommer]

Tariffs are part of a long term strategy to bring strong growth to the American industries and very strong economic growth for all Americans.... not for those who play short term strategies with Wall Street stocks.

Pairing President Trump with “long term strategy“ seems a bit naive at this point.

 

[Vambram]

Pairing President Trump with “long term strategy“ seems a bit naive at this point.

It might seem naive to you. But to me, it makes a lot of sense.

 

[essentialsaltes]

Tariffs are part of a long term strategy to bring strong growth to the American industries and very strong economic

So not day 1 then. What day? 300? 700? 1000? When will we know it has failed?

 

[Trogdor the Burninator]

So not day 1 then. What day? 300? 700? 1000? When will we know it has failed?

That's the idea. Notice how the narrative has changed over the last week or so from the immediate impact that tariffs might have (e.g. Trump's tariffs will force countries to drop theirs", to "he's doing it for the long term".

Not hard to figure out why either - the tariffs are going to hurt a lot of poor republican voters, and they needed "The Explanation" to keep the narrative on track. And of course the whole strategy didn't go to plan, and a lot of countries are simply responding with their own tariffs, and consumers overseas are boycotting US products.

Trump needed a new narrative. Now whenever someone criticises tariffs, Trump supporters can simply parrot the "long term gain" line, with no actual end date to have to justify the outcome by.

 

[Aryeh Jay]

So not day 1 then. What day? 300? 700? 1000? When will we know it has failed?

Day 4383, the last day of his third term.

 

[ozso]

Day 4383, the last day of his third term.

Nah, day 2920, the last day of the second term of the 47th presidency in the year 2033.

 

[ozso]

So not day 1 then. What day? 300? 700? 1000? When will we know it has failed?

For certain people it will always be seen as in fail mode one way or another. If the dow is way up, there will be some other factor involved keep calling it a failure. It's a must.

 

[Oompa Loompa]

Ok, I will use myself as the example. After my father retired from the military he went to work for Wal-Mart and took advantage of the profit sharing program where some of your compensation was stock instead of cash in your paycheck. I inherited the 1/3 of the stock that he had in 1993, my mother and sister getting the other 2/3. They both sold their shares in 1995. I held on to mine, had the dividend reinvented, and after 32 years and a 2 for 1 split in 1999 and a 3 for 1 split last year, I have a good chunk of stock in that particular business. I don't watch the TV to catch the stock prices scrolling on the bottom of the screen. If I did, I might have gotten mad to see that today I lost a little over $57,000. The app on my phone keeps me up to date on the market and watch the sinking in real time. But in the long term it doesn't bother me. I still have over $900,000 in Walmart, enjoying the warm Virginia weather on my 82 foot sailboat and with few places to shop, Walmart will make it back. Hopefully the rain expected at 1am will wash the pollen off the boat.

Great. Now how does that explain your statement that some would say implies that people who watch Fox News are too dumb and too poor for the network to waste their time posting market information?