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Posted on 5/7/25 at 2:23 pm to Street Hawk
I made good money on market panic by buying calls.
I don't know if these tariffs are going to work the way Trump wants or whether he is just kicking over anthills and poking unfair traders with a stick.
I think Trump made an ugly mistake with Canada trolling Fidel Trudeau with Canada becoming a state. It probably handed the election to the "liberals" because the insult didn't just hit Fidel, but every Canadian. They are little sensitive about that to start with.
Our trade deficit with Canada is due to our energy imports in terms of oil and electric power. Without the energy imports, the imbalance vanishes.
I don't know if these tariffs are going to work the way Trump wants or whether he is just kicking over anthills and poking unfair traders with a stick.
I think Trump made an ugly mistake with Canada trolling Fidel Trudeau with Canada becoming a state. It probably handed the election to the "liberals" because the insult didn't just hit Fidel, but every Canadian. They are little sensitive about that to start with.
Our trade deficit with Canada is due to our energy imports in terms of oil and electric power. Without the energy imports, the imbalance vanishes.
Posted on 5/7/25 at 4:10 pm to Joshjrn
quote:crash?
the market crash
really?
I guess terminology (or hyperbole) is in the eyes of the issuer?
Posted on 5/7/25 at 5:11 pm to NC_Tigah
quote:
crash?
really?
I guess terminology (or hyperbole) is in the eyes of the issuer?
I suppose we could quibble over terminology, but the S&P losing 10.5% in two days feels a bit crashy to me. Again, fortunately, Trump pulled his head out of his arse before we had to find out just how far down the bottom was. For context, here is a list of the five worst two day spans in S&P history:
Oct. 19, 1987
-24.6%
Oct. 20, 1987
-16.2%
Nov. 20, 2008
-12.4%
March 12, 2020
-13.9%
April 4, 2025
-10.5%
But I suppose if you want to hang your hat on "it's not really a crash because Trump pulled his head out of his arse before it could really constitute a crash", you do you. But being in the top five feels at least crash adjacent. Maybe mild to moderate crashiness?
Posted on 5/8/25 at 6:26 am to DarthRebel
quote:
Don’t look at it.I’ve been through it several times-Black Monday,1987.
Dot-Com bubble,2000.2007-2008 housing crisis,2020 COVID pandemic
This is where I am. Some people have not been around long enough. It has been worse.
This is true...but some of us also are close to retirement and don't have that long to wait for a recovery. I was planning to retire in two years. Now it may have to be three or four.
And if we aren't well into a recovery a year from now, Republicans will definitely lose the House, and Probably the Senate, and Vance can probably forget about becoming President. The swing voters that delivered the White House will punish Republicans.
Posted on 5/8/25 at 6:29 am to Auburn1968
quote:
I think Trump made an ugly mistake with Canada trolling Fidel Trudeau with Canada becoming a state.
Are there really people out there that, if by some miracle this happened, think that Canada would be only one state? They would be 10 states at least, with a minimum of 8 or 9 being Democratic.
Posted on 5/8/25 at 6:33 am to mmmmmbeeer
quote:
Milley, Tillerson, Pompeo, Wray
Wow. We definitely aren't going to agree.
Rubio =/= Tillerson. Right out of the gate with his first appointment, to perhaps the most important position, with a unanimous Senate confirmation. Just the difference between these two selections tells you that Trump is operating from a much more experienced position.
Posted on 5/8/25 at 6:44 am to BamaGradinTn
quote:
This is true...but some of us also are close to retirement and don't have that long to wait for a recovery. I was planning to retire in two years. Now it may have to be three or four.
Lol what?
The S&P 500 is down less than 5% for the year and you’re saying you have to work a couple extra years now? How are you ever going to retire?
This post was edited on 5/8/25 at 6:50 am
Posted on 5/8/25 at 7:12 am to BamaGradinTn
So you need access to your maximum retirement savings on Day 1 of retirement? That’s sad.
This post was edited on 5/9/25 at 5:25 am
Posted on 5/8/25 at 8:11 am to OTIS2
quote:
So you need access to you maximum retirement savings on Day 1 of retirement?
He is probably planning ahead for his disbursements so that he can live the lifestyle he chooses to live.
I'm four years out and I have been planning how much I plan to withdraw yearly, which state to live in to minimize my tax load, etc.
Posted on 6/27/25 at 7:13 pm to BamaGradinTn
quote:
This is true...but some of us also are close to retirement and don't have that long to wait for a recovery. I was planning to retire in two years. Now it may have to be three or four.
Congrats on being able to retire in 2 years again.
Posted on 6/27/25 at 7:58 pm to slackster
quote:
Congrats on being able to retire in 2 years again.
Hopefully he didn’t do anything foolish in the interim.
Posted on 6/27/25 at 9:21 pm to UltimaParadox
quote:
The levels in which they are set at today have zero percent chance of succeeding.
I think they start backing off very soon
And people thought they wouldn't back down
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