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re: What just happened?

Posted on 4/9/25 at 1:10 pm to
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
81974 posts
Posted on 4/9/25 at 1:10 pm to
quote:

Did you get your money in?



i did. i put a nice amount in 3 different accounts. bought enough for today. will place limit orders tonight for tomm.

if it drops we are good. plenty more money to buy more. if not we will buy more on way up. LFG!
Posted by LSUSLU106
Member since Mar 2015
653 posts
Posted on 4/9/25 at 1:13 pm to
Orange man tweeted out it would be good time to buy the dip this morning!
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
71351 posts
Posted on 4/9/25 at 1:13 pm to
Market plateauing a bit
Posted by Jax-Tiger
Port Saint Lucie, FL
Member since Jan 2005
25657 posts
Posted on 4/9/25 at 1:16 pm to
I don't normally do this, but I put in a buy order for MAGS at $40 and a sell order at $45. That was cool...
Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/9/25 at 1:16 pm to
quote:

Please cite to where it was announced either what the tariff amounts would be or that they would be based entirely on the trade deficit of each country instead of being in any way linked to the tariffs they put on our goods


You mean the memorandum he signed on February 13th where it laid out the plan for the calculations and things that would be included in it?

quote:

Then note whether that announcement gave more or less than thirty days notice before enactment.


That one, stated action would be taken in April '25.

LINK
Decent timeline in this article with the rest of the tariffs that have gone into play, when they were announced, effecive date, and any announced suspensions while negotiating. The EU one was announced at 25% in February, to go in effect in April. It eneded up getting superseded by the reciprocal rate calculations for some items, others remained at the 25%, like autos, steel, aluminum.
Posted by Thecoz
Member since Dec 2018
3370 posts
Posted on 4/9/25 at 1:17 pm to
Every day since Thursday.
Sets Limits for going down..some lows hit early this morning.
Will pull trigger on my own if going up .

I am slower on moves going up but will force myself a few times… ( I think)

What causes you to buy when going up.. ? I just always screw up in that direction…
Posted by LSURussian
Member since Feb 2005
130732 posts
Posted on 4/9/25 at 1:17 pm to
quote:

Market plateauing a bit
The market is having a good quarter today...
Posted by InkStainedWretch
Member since Dec 2018
3669 posts
Posted on 4/9/25 at 1:23 pm to
Well idiot here, spooked by the bond turmoil because my wife and I are both retired and actually using our retirement funds to supplement SS and had made our Vanguard IRAs more conservative as that time approached as far as allocations with more in bonds and less in stocks, got out of everything this morning and parked it all in VUSXX for the time being to see how things played out.

And then this happens.

But you know what? Maybe I am not so much of an idiot because I don’t think we are done with the turmoil. We haven’t gotten hammered because we are diversified and we are quite happy to collect our 1.81% return (interest never sleeps) for 30, 60, 90 days and see what happens, especially with bonds, because at our ages the days of chasing cheap bargains and taking big risks are over, we are focused on maintenance of the principal with a decent rate of return.
This post was edited on 4/9/25 at 1:26 pm
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
92455 posts
Posted on 4/9/25 at 1:28 pm to
Winning a trade war is messy but glorious.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
81974 posts
Posted on 4/9/25 at 1:28 pm to
quote:

What causes you to buy when going up.. ?


it is my futures trader mentality.

when i place an order for a contract to go long. if it is a winner you keep adding to the position with trailing stops for protection. same here. do not sit watching it go up and not get back in if you did not dump it all in at the bottom which none of us can predict.

over time i think it is safe to say buying more VOO and QQQ on way up will be good. they will get back to where they were and eclipse it eventually. ride your winners cut your losers.

Posted by Joshjrn
Baton Rouge
Member since Dec 2008
29859 posts
Posted on 4/9/25 at 1:28 pm to
Just went up and down the page you linked, and I can't find anything regarding the February 13 memorandum that would indicate what we should have been expecting on April 2. Can you give a bit more detail or some other link?
Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/9/25 at 1:33 pm to
quote:

Just went up and down the page you linked, and I can't find anything regarding the February 13 memorandum that would indicate what we should have been expecting on April 2. Can you give a bit more detail or some other link?


The article I linked was just for the timeline of everything, with multiple calculations for different sectors, including the blanket 25% that was initially announced.

LINK

This does a decent job summarizing the memorandum that was signed and goes over what all will be going into the calculations, including:

quote:

The review outlined in the plan has a broad scope, which includes the examination of tariffs and taxes, including value-added tax (VAT); nontariff barriers or measures and unfair or harmful acts, policies or practices, including subsidies and burdensome regulatory requirements; exchange rates; and any practice that "imposes any unfair limitation on market access or any structural impediment to fair competition." Additionally, the plan will consider "losses as a result of measures that disadvantage the United States as applied, regardless of what they are called or whether they are written or unwritten."

Posted by VABuckeye
NOVA
Member since Dec 2007
37478 posts
Posted on 4/9/25 at 1:34 pm to
quote:

Fat Bastard


yeah, even buying VOO right now at $490 means that if gets back to $563 you are at a cool $73 per higher just by getting back to the historical high.
Posted by GEAUXT
Member since Nov 2007
30119 posts
Posted on 4/9/25 at 1:35 pm to
I moved my 20% bond allocation 100% to my s&p index fund in my 403 and 457 over the weekend.

It is a good day
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
29859 posts
Posted on 4/9/25 at 1:37 pm to
quote:

The review outlined in the plan has a broad scope, which includes the examination of tariffs and taxes, including value-added tax (VAT); nontariff barriers or measures and unfair or harmful acts, policies or practices, including subsidies and burdensome regulatory requirements; exchange rates; and any practice that "imposes any unfair limitation on market access or any structural impediment to fair competition." Additionally, the plan will consider "losses as a result of measures that disadvantage the United States as applied, regardless of what they are called or whether they are written or unwritten."

Except it didn't do any of that. All it did was define "trade deficit" as Trade Deficit = Sum(tariffs and taxes, including value-added tax (VAT); nontariff barriers or measures and unfair or harmful acts, policies or practices, including subsidies and burdensome regulatory requirements; exchange rates; and any practice that "imposes any unfair limitation on market access or any structural impediment to fair competition." Additionally, the plan will consider "losses as a result of measures that disadvantage the United States as applied, regardless of what they are called or whether they are written or unwritten).

No one could read the Administration's mind of the subject, which is why no one had the faintest of ideas as to what the numbers were going to be on Trump's Big Board. That's not reasonable notice of anything beyond "we'll be doing something sometime soon, probably".
Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/9/25 at 1:45 pm to
quote:

No one could read the Administration's mind of the subject, which is why no one had the faintest of ideas as to what the numbers were going to be on Trump's Big Board. That's not reasonable notice of anything beyond "we'll be doing something sometime soon, probably".


Was able to know there was going to be 25% on the EU over a month in advance (got lowered to 20% after new calculations), steel & aluminum 25% a month in advance, 25% autos almost 2 months in advance.

But sure, the ending reciprocal tariff calculations weren't finalized until April 1 which lowered the EU amount by 5%, and definitely countries on there that hadn't been discussed previously. I'll give you that. I just can't buy that people didn't know that they would be looking at the things they looked at for them, when they flat out said they will be. Summary but basically exactly what they said they would be doing:
quote:

To combat the trade deficit, the memorandum introduces the "Fair and Reciprocal Plan," which seeks to counter non-reciprocal trading arrangements by "determining the equivalent of a reciprocal tariff with respect to each foreign trading partner."
This post was edited on 4/9/25 at 1:47 pm
Posted by CHGAR
Haile, LA
Member since Aug 2022
935 posts
Posted on 4/9/25 at 1:47 pm to
I missed why but didn't mis the profit. Looks like doesn't really matter, to me anyway.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
81974 posts
Posted on 4/9/25 at 1:48 pm to
quote:

yeah, even buying VOO right now at $490 means that if gets back to $563 you are at a cool $73 per higher just by getting back to the historical high.


yup
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
29859 posts
Posted on 4/9/25 at 1:55 pm to
quote:

To combat the trade deficit, the memorandum introduces the "Fair and Reciprocal Plan," which seeks to counter non-reciprocal trading arrangements by "determining the equivalent of a reciprocal tariff with respect to each foreign trading partner."

You're begging the question. Saying "I'm going to come up with a tariff amount" isn't sufficient notice. The amount matters. Further, what needs to be done to avoid it matters. Not only did Trump hit countries with rates they didn't see coming, but he also hit countries that literally dropped their tariffs against us to zero, because "trade deficit".

I'm not sure how you can argue with a straight face that businesses could have reasonably just continued on with business as usual under these circumstances.
Posted by Sho Nuff
Oahu
Member since Feb 2009
12685 posts
Posted on 4/9/25 at 7:44 pm to
quote:

buying VOO right now at $490 means that when it gets back to $563 you are at a cool $73 per higher just by getting back to the historical high.

FTFY. I'm so sad I was out of powder the last week.
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