China’s retaliation against Washington’s levies adds to sense of gloom across global markets
  • miss_demeanour@lemmy.dbzer0.comEnglish
    75·
    15 days ago

    The 8 largest Dow Jones drops in American history:

    1. Trump, 3/16/20 −2,997
    2. Trump, 3/12/20 −2,352
    3. Trump, 4/4/25 −2,231
    4. Trump, 3/9/20 −2,013
    5. Trump, 6/11/20 −1,861
    6. Trump, 4/3/25 −1,679
    7. Trump, 3/11/20 −1,464
    8. Trump, 3/18/20 −1,338

    Winning.

    • WhatAmLemmy@lemmy.worldEnglish
      9·
      15 days ago

      While true, it’s not really fair to attribute the march 2020 covid drops to Trump. Every market on earth tanked, and there wasn’t much any admin could’ve done to stop it.

      However, this was 100% in Trump’s control and is 100% self-inflicted. Has any US admin ever tanked the markets entirely on their own, in all of history… I mean, apart from the Republicans ~100 years ago (hilariously, also with Tariffs)?

    • WanderingThoughts@europe.pubEnglish
      7·
      15 days ago

      In points, but not in percentage. At least not yet. But it sure seems to want to measure up to all major crisis and leave its mark.

  • pH3ra@lemmy.mlEnglish
    23·
    15 days ago

    Oh gosh I really hope no one could have predicted this and used these information to make themself and their friends short the market to gain an incredible amount of money

    • deadfatquarterzip@lemm.eeEnglish
      3·
      15 days ago

      I’m looking ahead at one bleak, empty future. One that wasn’t there last week. It’s really starting to sink in how the entire country is becoming one big crater. And there’s a portion of the population celebrating. They won’t be for very long once things really start rippling and their shitty little businesses stop pulling in money

  • Buffalox@lemmy.worldEnglish
    7·
    15 days ago

    Oh come on it’s not that much.
    So how much is that really? And I found out it’s only about the same as 2 Apples!!

    https://finance.yahoo.com/quote/AAPL/

    /s

    PS.
    We sold our American stock a few months ago, in part to boycott USA. So thank you Trump for making us do that. 🤣🤣🤣

    • slaneesh_is_right@lemmy.orgEnglish
      1·
      15 days ago

      When the stock market is up, rich people buy new yachts, if the stock market is down, normal people start starving.

  • Snowclone@lemmy.worldEnglish
    4·
    15 days ago

    “shed” try “bottom out” or “nosedive” or “crash” or “fell off a cliff into total oblivion” or “oh my god my retirement account!!” you know. be honest.

  • FlashMobOfOne@lemmy.worldEnglish
    3·
    15 days ago

    If you have cash tucked away, moments like these are a time to buy. Think of it like a Steam sale for your future pocketbook.

    I picked up a few thousand shares of oil stocks in March 2020 for 50-75 cents, sold them for $12.50 in 2023 (thanks Permian Resources) and then paid off my student loans and put a down payment on a condo.

    Be greedy when everyone else is fearful - Warren Buffett

      • FlashMobOfOne@lemmy.worldEnglish
        1·
        15 days ago

        Respectfully, you have to ignore centuries of history if you think there isn’t, and the fact that all of this has happened in the US before and it recovered.

        All it takes is patience, but it’s important to remember that you only get a handful of buying opportunities in a lifetime. They don’t come around often enough to ignore.