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Dow set to drop more than 150 points after China retaliates with new tariffs

Posted on 8/23/19 at 7:44 am
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 8/23/19 at 7:44 am
quote:

China will retaliate with new tariffs on another $75 billion worth of U.S. goods, including autos. The tariffs will range between 5% and 10% and will be implemented in two batches on Sept. 1 and Dec. 15.


LINK

It’s time to take the kid gloves off and completely sink China.
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1576 posts
Posted on 8/23/19 at 7:57 am to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 8/23/19 at 8:09 am to
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 8/23/19 at 8:21 am to
With your near perfect record of being wrong about everything almost all of the time, the Dow Jones will probably close UP today....
Posted by gizmoflak
Member since May 2007
11660 posts
Posted on 8/23/19 at 8:55 am to
quote:

150 points

Posted by Scooba
Member since Jun 2013
19999 posts
Posted on 8/23/19 at 8:58 am to
quote:

150 points

Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 8/23/19 at 9:04 am to
And, the Dow Jones just went positive.

To OleWarSkuleAlum: for being the best stock market contra-indicator I've ever seen in my life!
Posted by windshieldman
Member since Nov 2012
12818 posts
Posted on 8/23/19 at 9:05 am to
OP I’ve been rooting for you for awhile now just to be correct about something. It hasn’t happened yet, somehow you’ve been wrong on everything you’ve ever posted. But I think today may be the big day!! Even if Dow only goes down 1 point we are going to consider today a win.

Eta: Well shite
This post was edited on 8/23/19 at 9:06 am
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123945 posts
Posted on 8/23/19 at 9:27 am to
Posted by The Boat
Member since Oct 2008
164143 posts
Posted on 8/23/19 at 9:52 am to
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 8/23/19 at 9:53 am to
Powell epically fricked it up. We’re doing DOWN boys!

quote:

Donald J. Trump @realDonaldTrump
....My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?
9:40 AM · Aug 23, 2019·Twitter for iPhone
Posted by Thib-a-doe Tiger
Member since Nov 2012
35391 posts
Posted on 8/23/19 at 9:54 am to
Chill out Husss
Posted by lsujro
north of the wall
Member since Jul 2007
3921 posts
Posted on 8/23/19 at 10:00 am to
quote:

Powell epically fricked it up. We’re doing DOWN boys!


quote:

U.S. stocks turned positive after Federal Reserve Chair Jerome Powell called out “significant risks” to the U.S. economy and repeated a pledge to “act as appropriate to sustain the expansion.” Investors largely took this assessment to mean the Fed leader was still open to the idea of easier monetary policy in order to help keep the economy humming.



Posted by good_2_geaux
Member since Feb 2015
740 posts
Posted on 8/23/19 at 10:08 am to
DAILY DOWN VOTE
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 8/23/19 at 10:13 am to
quote:

We’re doing DOWN
You can't even type a sentence without screwing it up.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119195 posts
Posted on 8/23/19 at 12:06 pm to
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123945 posts
Posted on 8/23/19 at 1:57 pm to
quote:

We’re doing DOWN boys!
Things girls might say at a Trisomy 21 party?
Posted by Puffoluffagus
Savannah, GA
Member since Feb 2009
6098 posts
Posted on 8/23/19 at 4:16 pm to
Let the back and forth continue:

quote:

Breaking News

Trump: Starting on Oct. 1, Tariffs on $250 Billion Of China Imports Will Be Raised to 30% From 25%

Trump: Other Chinese Imports That Were Set to Have 10% Tariffs on Sept. 1 Will Now Have 15% Tariffs
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 8/23/19 at 5:02 pm to
Needs to tank beginning next Friday and do it every other Friday for 35 years. That will make my 401k happy.
Posted by notiger1997
Metairie
Member since May 2009
58138 posts
Posted on 8/23/19 at 5:58 pm to
quote:

Needs to tank beginning next Friday and do it every other Friday for 35 years. That will make my 401k happy.




I will take it for 20 years.

I am not a big political person and haven't spent much time reading up on this tariff issue, so can you, Russian, or one of you other MB posters kind of summarize how this might end for China? I know they are hurting and it's getting much worse for them by the week with their leaders trying to play a game that they can't win, but I would like to learn more without having to read through a bunch of BS.
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