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Trump brands stock market tumble ‘the Kamala Crash’

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Valletta

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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!!!”
nypost.com

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 nypost.com

Indeed. The choice is yours.
 
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AlexB23

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Valletta said:
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!!!”
nypost.com

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 nypost.com

Indeed. The choice is yours.
Click to expand...
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.

1722913643612.png
 
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Bradskii

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Valletta said:
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!!!”
Click to expand...
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.
 
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AlexB23 said:
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.
Click to expand...
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.
 
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7thKeeper

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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."
 
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Hans Blaster said:
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.
Click to expand...
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.
 
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KCfromNC

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Valletta said:
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!!!”
nypost.com

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 nypost.com

Indeed. The choice is yours.
Click to expand...
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.
 
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Valletta said:
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!!!”
nypost.com

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 nypost.com

Indeed. The choice is yours.
Click to expand...
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.
 
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Tropical Wilds

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Valletta said:
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!!!”
nypost.com

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 nypost.com

Indeed. The choice is yours.
Click to expand...
Daaaaang. Shes powerful enough as a VP to be the single cause of a worldwide market drop? Impressive.
 
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AlexB23 said:
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.
Click to expand...
I was talking of the largest percentage single-day drop in the DJIA, 2008 doesn't even make the top 10 (neither does yesterday).
 
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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.
 
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Hans Blaster said:
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.
Click to expand...
Hmm? May have missed something in this thread. You mean related to the new EU legislation regarding use of AI?
 
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Hans Blaster

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7thKeeper said:
Hmm? May have missed something in this thread. You mean related to the new EU legislation regarding use of AI?
Click to expand...
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.
 
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Tropical Wilds

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Hans Blaster said:
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.
Click to expand...
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.
 
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wing2000

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iluvatar5150 said:
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.
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...and the same folks avocating for a 60% tariff on Chinese imports and 10% tariff for the rest of the world.
 
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