the market fell triple digits today

[DJT for Life]

The Market fell three figures today?

Damn!

Has that ever happened before?

DOW Jan 31, 2018 26,268.17


DOW May 31, 2018 24,415.84 −251.94 (1.02%)

Stock Market on Nov 8, 2016...18,259.60

 

[Mac1958]

on the news of extending steel/aluminum tariffs to Canada, Mexico, and the EU ...

Good job Goldie !

U


Trump Metals Tariff Sends Dow Down Triple Digits

There's the day-to-day machinations of the stock market, and then there is reality.

May job gains beat expectations, unemployment rate hits 18-year low
Manufacturing picks up steam in May, ISM survey says

That's good news, right? You're celebrating, right?

Ha ha, just kidding.
.

 

[Marion Morrison]

Cool!

Make it in America or fuck off!

 

[Doc1]

Deutsche Bank was downgraded to BBB+, Italy is about to collapse. Damn those Republican's. You Lefty's are idiots.

 

[iamwhatiseem]

And yet...let's take the paper industry.
Most would tell you that "paper mills are in bad shape because people use less paper"...uh no.
We use more. Lot's more.
U.S. paper mills have been getting their asses handed to them via unfair trade.
Decade-long Chinese/Canadian dumping. Especially the Chinese.
Both governments subsidizing their mills heavily and selling their paper at or below cost.
Killing U.S. mills.... but of course the investor class loved it, so the Bush and Obama administrations did NOTHING.

Trump enacted tariffs on both Canadian and Chinese paper....and guess what??...the investors are talking doom and gloom how this is going to hurt workers.
Don't believe the bullshit.

 

[AntonToo]

And yet...let's take the paper industry.
Most would tell you that "paper mills are in bad shape because people use less paper"...uh no.
We use more. Lot's more.
U.S. paper mills have been getting their asses handed to them via unfair trade.
Decade-long Chinese/Canadian dumping. Especially the Chinese.
Both governments subsidizing their mills heavily and selling their paper at or below cost.
Killing U.S. mills.... but of course the investor class loved it, so the Bush and Obama administrations did NOTHING.

Trump enacted tariffs on both Canadian and Chinese paper....and guess what??...the investors are talking doom and gloom how this is going to hurt workers.
Don't believe the bullshit.

America also subsidizes farmers, who will now get hit with retaliatory tariffs.

All this back and forth, instability and uncertainty fundamentally causes LOSS OF EFFICIENCY because industries do not get built and rebuilt overnight, which requires INVESTMENTS.

AND FOR WHAT? At 3.8% unemployment are we really bleeding for fractionally more paper milling jobs and more expensive paper at the store?

 

[abrere]

cause even 1% unemployment is too much, that's why.

 

[iamwhatiseem]

And yet...let's take the paper industry.
Most would tell you that "paper mills are in bad shape because people use less paper"...uh no.
We use more. Lot's more.
U.S. paper mills have been getting their asses handed to them via unfair trade.
Decade-long Chinese/Canadian dumping. Especially the Chinese.
Both governments subsidizing their mills heavily and selling their paper at or below cost.
Killing U.S. mills.... but of course the investor class loved it, so the Bush and Obama administrations did NOTHING.

Trump enacted tariffs on both Canadian and Chinese paper....and guess what??...the investors are talking doom and gloom how this is going to hurt workers.
Don't believe the bullshit.

America also subsidizes farmers, who will now get hit with retaliatory tariffs.

All this back and forth, instability and uncertainty fundamentally causes LOSS OF EFFICIENCY because industries do not get built and rebuilt overnight, which requires INVESTMENTS.

AND FOR WHAT? At 3.8% unemployment are we really bleeding for fractionally more paper milling jobs and more expensive paper at the store?

You are forgetting, this is all a result of damn near 20 years of a completely lopsided investor driven market that has created a plethora of unfair markets.
This is the problem when the tin can you keep kicking down the road becomes the 55 gal. barrel.

 

[DJT for Life]

Wow...

24 hours later and the market closed up 3 figures.

Isn't it funny how that shit works?

 

[Mac1958]

Wow...
24 hours later and the market closed up 3 figures.
Isn't it funny how that shit works?

Go figure, huh?

So silly the way folks use short term stock market moves to "make" a "point".
.