Dow dives 724 points as Trump's China tariffs sink in

[Applewood]

Some further articles on the adverse effects of a trade war:

http://www.businessinsider.com/economic-impact-trade-war-us-china-macquarie-2018-3

https://www.cbsnews.com/news/trade-war-with-china-could-hurt-these-u-s-businesses-most


An older article from Fortune:

http://fortune.com/2016/12/22/donald-trump-china-trade-war/

***

Some Trump supporters  have no idea of the devastating  far-reaching economic effects of Trump's foolishness.

[Applewood]

5 bucks most of the jobs will be automated..

If I were a manufacturer, I would automate. 

[Free Vulcan]

The market didn't go down because of tariffs, I can tell you that.

[IsailedawayfromFR]

Oh so now I'm stupid as is my financial planner. 

I have 4 funds -- domestic stocks, domestic bonds, international stock and international bonds.   Roughly a 50-50 split between stocks and bonds.  At my age, I wanted some growth, but less risk.  The setup has worked well until now. 

I expected the correction and took a hit like a lot of people. Was recovering till Donald decided to cater to the unions by starting a trade war.  He gains fans to stroke his massive ego, and the rest of us lose money. 

Wait till the cost of everything -- not just cars and not just steel or aluminum products -- becomes outrageously expensive and the jobs don't return.  Even if some manufacturing comes back to the US, the jobs won't last long.  The greedy unions will see to that.

I also was invested in stocks, and did more when Trump was elected.  After watching the meteoric rise of the DJ the past year, I decided enough was enough and cashed in to preserve the gain.

Depends where you are.  If you are still building a nest egg, one must remain in stocks and watch the roller coaster ride to maximize chances of decent returns.  If one is like me that already build a nest egg, I care not to endure much roller coaster.

[Weird Tolkienish Figure]

Yes, the market went up after Trump was elected, in response to many of his pro-business policies. But as with everything else he does, he's shooting himself in the foot on this issue.

[Applewood]

Dow down again today by 424.69 points.  Other markets, including overseas, also down.    Yes, it is because of the trade war @Free Vulcan. 

https://www.marketwatch.com/story/dow-set-for-triple-digit-drop-as-trade-war-fears-trigger-global-rout-2018-03-23

[Free Vulcan]

Dow down again today by 424.69 points.  Other markets, including overseas, also down.    Yes, it is because of the trade war @Free Vulcan. 

https://www.marketwatch.com/story/dow-set-for-triple-digit-drop-as-trade-war-fears-trigger-global-rout-2018-03-23

Sorry, we're just working through a consolidation pattern that doesn't give alot of clue at this point of overall direction. The market is far more worried about interest rates if anything, but they think too far out to react to whatever the excuse provided for the daily moves.