$2.4 Trillion in Stock Valuation Wiped Out

[catfish1957]

630M trading volume in the first hour and half of trading with just the 30 stocks of the DOW alone

Pointless to analyze this roller coaster market right now.  I think we are just watching algorithms of FiIN computers fighting each other on trend analysis.

What we might need is circuit breakers on volume, in addition to losses.

[bigheadfred]

Donald J. Trump
@realDonaldTrump
·
16m
The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!

[catfish1957]

Donald J. Trump
@realDonaldTrump
·
16m
The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!

I understand his sentiment, but wish it had been worded a little less harshly.  You don't lead by calling your fearful people weak and stupid.

Plus let me reiterate....  Anyone staking money they need to live on into equities, is not very bright.

[Right_in_Virginia]

[Free Vulcan]

That big stab up might have been a signal of the beginning of the reversal of the downtrend, but the market right now will likely try to test the lows and see if there actually is support.

I expect this will play out over a number of days.

[catfish1957]

@Right_in_Virginia

Very important tweet (social truth) in a critical moment.
Would you have worded it the same?

[catfish1957]

That big stab up might have been a signal of the beginning of the reversal of the downtrend, but the market right now will likely try to test the lows and see if there actually is support.

I expect this will play out over a number of days.

This extreme volatility?  I really don't want to speculate on anything short term at this point at any level

And on a long term basis....  It all hinges on Trump's ability to bring all the biggest partners to the table.

[Canuck Conservative]

All moot...  WH just announced there will be no 90 day pause.  Too bad, wish he would have. For 0rderly process.

Wonder who promulgated the rumor.  They need to be investigated for market manipulation fraud.

@catfish1957

One of Trump's biggest supporters, Bill Ackman, had suggested a 90-day pause ...

"Calling for a 90-day time-out, Ackman urged Trump to renegotiate the “unfair asymmetric tariff deals.”

He warned, too, that launching an “economic nuclear war” would only see businesses grind to a halt, as well as consumers closing up their wallets. 

“What CEO and what board of directors will be comfortable making large, long-term, economic commitments in our country in the middle of an economic nuclear war?” he said.

Almost no business can pass through an overnight massive increase in costs to their customers.” ...

https://nypost.com/2025/04/07/us-news/bill-ackman-warns-trump-is-losing-business-leaders-confidence/

[Right_in_Virginia]

@Right_in_Virginia

Very important tweet (social truth) in a critical moment.
Would you have worded it the same?

What would you have changed?

[catfish1957]

What would you have changed?

Here is how I would have worded it as POTUS.....

My dear fellow Americans...

For many decades  most countries in the world has taken advantage of your country with unfair tariffs and trade practices.  Last week I proposed and invoked specific reciprocal tariffs that would level the playing field with world trade. And in almost all cases, what we were proposing was at or below the corresponding country.

I understand that many of you are seeing losses  in your stock portfolios and 401 K's.  I ask that you stay strong, vigilant, and patient in our efforts to work through these issues.  The long term gain and benefit to our children and grandchildren with jobs and wealth will be immense.

[catfish1957]

@catfish1957

One of Trump's biggest supporters, Bill Ackman, had suggested a 90-day pause ...

"Calling for a 90-day time-out, Ackman urged Trump to renegotiate the “unfair asymmetric tariff deals.”

He warned, too, that launching an “economic nuclear war” would only see businesses grind to a halt, as well as consumers closing up their wallets. 

“What CEO and what board of directors will be comfortable making large, long-term, economic commitments in our country in the middle of an economic nuclear war?” he said.

Almost no business can pass through an overnight massive increase in costs to their customers.” ...

https://nypost.com/2025/04/07/us-news/bill-ackman-warns-trump-is-losing-business-leaders-confidence/

This was just on an Ackman tweet?  And one on a just a suggestion.  Sounds more like some CNBC correspondant slip.

[Right_in_Virginia]

[catfish1957]

Reported that the moment the 90 pause rumor hit the wire, the market shot up 1000 points in 2 minutes. (from FBN)

That is how tenuous this thing is right now.

[mystery-ak]

https://twitter.com/bennyjohnson/status/1909255769461080555

[catfish1957]

You and i understand this...   The average Joe has an attention span of 5 mnutes

p.s. confirmed  that CNBC was the one who  falsely put a banner around the 90 day pause.  What else do you expect from the Network of Cramer?  Talk about a couple of dozen of eggs on their face.

[Right_in_Virginia]

https://twitter.com/bennyjohnson/status/1909255769461080555

Excellent!

[catfish1957]

Excellent!

???

I see nothing on the wire on this And I am watching this pretty close.  A zero for zero EU tariff announcement would be international breaking news

[Right_in_Virginia]

You and i understand this...   The average Joe has an attention span of 5 mnutes

   Agree.  But, this is all the more reason to keep repeating reality ---- especially when we're in the middle of redefining just how formidable a people we are.

[Right_in_Virginia]

???

I see nothing on the wire on this And I am watching this pretty close.  A zero for zero EU tariff announcement would be international breaking news

I got the news here .... Let me see what else I can find @catfish1957

[mystery-ak]

 BREAKING: EU offers 'zero -for-zero' tariffs to US, stands 'ready to negotiate'

"Europe is always ready for a good deal. So we keep it on the table."

    by: Thomas Stevenson 04/07/2025

On Monday, European Union leader Ursula von der Leyen has said that the European Union is ready to offer "zero-for-zero" tariffs in trade negotiations with the United States for industrial goods.

"We stand ready to negotiate with the United States. Indeed, we have offered zero-for-zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal," von der Leyen said on Monday.

more
https://humanevents.com/2025/04/07/breaking-eu-offers-zero-for-zero-tariffs-to-us-stands-ready-to-negotiate

[Right_in_Virginia]

Here is how I would have worded it as POTUS.....

My dear fellow Americans...

For many decades  most countries in the world has taken advantage of your country with unfair tariffs and trade practices.  Last week I proposed and invoked specific reciprocal tariffs that would level the playing field with world trade. And in almost all cases, what we were proposing was at or below the corresponding country.

I understand that many of you are seeing losses  in your stock portfolios and 401 K's.  I ask that you stay strong, vigilant, and patient in our efforts to work through these issues.  The long term gain and benefit to our children and grandchildren with jobs and wealth will be immense.

It's softer .... maybe his comm team will write the next one.  (Although I am lovin' "Panican"  )

[mystery-ak]

US stocks climb, reversing deep losses as Trump signals tariff negotiations

https://www.msn.com/en-us/money/markets/us-stocks-tumble-at-opening-amid-historic-rout-in-foreign-markets/ar-AA1CqvtJ?ocid=msedgntp&pc=U531&cvid=cf5564047dd84d6290edcd5d5d145fdf&ei=9

[Right_in_Virginia]

BREAKING: EU offers 'zero -for-zero' tariffs to US, stands 'ready to negotiate'

"Europe is always ready for a good deal. So we keep it on the table."

    by: Thomas Stevenson 04/07/2025

On Monday, European Union leader Ursula von der Leyen has said that the European Union is ready to offer "zero-for-zero" tariffs in trade negotiations with the United States for industrial goods.

"We stand ready to negotiate with the United States. Indeed, we have offered zero-for-zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal," von der Leyen said on Monday.

more
https://humanevents.com/2025/04/07/breaking-eu-offers-zero-for-zero-tariffs-to-us-stands-ready-to-negotiate

Thanks!

[Free Vulcan]

BREAKING: EU offers 'zero -for-zero' tariffs to US, stands 'ready to negotiate'

"Europe is always ready for a good deal. So we keep it on the table."

    by: Thomas Stevenson 04/07/2025

On Monday, European Union leader Ursula von der Leyen has said that the European Union is ready to offer "zero-for-zero" tariffs in trade negotiations with the United States for industrial goods.

"We stand ready to negotiate with the United States. Indeed, we have offered zero-for-zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal," von der Leyen said on Monday.

more
https://humanevents.com/2025/04/07/breaking-eu-offers-zero-for-zero-tariffs-to-us-stands-ready-to-negotiate

The rough, tough, creampuff bravado never stops with them.

[catfish1957]

BREAKING: EU offers 'zero -for-zero' tariffs to US, stands 'ready to negotiate'

"Europe is always ready for a good deal. So we keep it on the table."

    by: Thomas Stevenson 04/07/2025

On Monday, European Union leader Ursula von der Leyen has said that the European Union is ready to offer "zero-for-zero" tariffs in trade negotiations with the United States for industrial goods.

"We stand ready to negotiate with the United States. Indeed, we have offered zero-for-zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal," von der Leyen said on Monday.

more
https://humanevents.com/2025/04/07/breaking-eu-offers-zero-for-zero-tariffs-to-us-stands-ready-to-negotiate

Good news in practice....   Wonder what sway she has with individual EU nations?  That is where the rubber will meet the road.  Each individual PM and President negotiates their own trade policy.  There I am guessing a more hardline position.