Free Fall Friday...Dow set for a big drop

obama fixed NOTHING................................

He absolutely did reverse a disaster. That is a fact.

I am ready to fill my freezer...and smoker...with U.S. Produced pork.

I am buying what stock I can afford too. I haven't much but I put a bit away for buying during stock drops weekly.

I say bring it on. Trump supporters will support US farmers. We have more freezers than the Chinese-I would about bet.

If the middle class is smart, we will try to take a bite of the pie while it is out on the table.

so if i owned a $10 stock today and the market went down 2.34% and my stock followed the dow... i would have lost 23 cents a share.

Funny thing about the Chinese tariffs on pork. The largest pork producer in the world is Smithfield, HQ'd in Virginia but the largest processing plant in the world is in N. Carolina.
Who owns Smithfield? The Chinese! Are they going to place tariffs on one of their own companies?

That answer is "NO" and here's why. The Upper Class Chinese will not eat locally produced pork. God only knows why the Chinese slop their hogs with but it can't be trusted for human consumption. They crave American pork so that's why they bought Smithfield.

No way China will tariff their upper crust taste for American pork.

Soybeans? Who else produces soy on the level America does? They need their soy and will not follow through with this eathier.

LOL, that is so ironic.

And Barack Obama began his presidency in 2009.

The market reflects overall confidence in the economy, it's people voting with their dollars...

I invest to help companies grow and make me money...what else are you going to do with your cash? Sit in it and watch it go down in value? Not me

When Obama left office it was at 19,732.

YES. Thank you. Often there are crazy tremors before the rug is pulled out. But lest we all imagine it's organic in nature, it is entirely manufactured. Our whole economy is a Ponzi scheme and it cannot last forever.

I'm waiting for the Monday "We have to take a bank holiday because the Russians/Chinese/North Koreans/Iranians hacked into our system...no money can be removed until we fix it", because they'll have all weekend to do their machinations while we're busy enjoying our time off (if you work in such a job).

That will be your cue.

You can go through the list of products China wants to slap tariffs on and realize that would be disastrous to the Chinese people. American cars? China doesn't import them. GM has a plant in China that they build with bailout Dollars to import back to the U.S.
Airplanes? Not the big ones used for long distance flights. The tonnage China mentioned were for regional travel. Some planes have a life of 10-20 years, so this will only affect planes meant for 3-5 year deliveries from now out and not what was already ordered before tariffs.
Simply put, China can't win this. The U.S. can do without Chinese crap, but China can't do without American food products and uber-tech equipment. Their people will revolt when the price of their soy sauce doubles and the price of their pork chops triples.

the numbers were inflated under obama. remember how many times they lied about the unemployment and sales figures?? has to be adjustments from the FAKE news to reality.
before you can repair your house u must 1st get all the garbage out.

This. YES. Thank you.

This is what the whole premise of the thread is. When will the world effect the market enough to pull the rug out... and it seems pretty close because all the signs are there.

Anyone can do math and compare 2008. This will not be 2008, this will be Great Depression, followed by WAR.

Sure MSM is only reporting "correction" and "Trade War" and other typical economic indicator bullshit. That's not what is happening. MSM reports what they are told.

rofl.

Prepare for the worst and hope for the best.

Who here thinks this will escalate into a full blown trade war? Last one was in the 30's...

interesting times indeed.

The stock market is a giant ponzi scheme, it’s why all these tech companies that make no profit can be valuated tens of billions of dollars.

something is wrong with their ears.
I hear you loud and fucking clear.
5:5

I swear most guys watch the stock market like it's a football game and there are scores and they can shake their fists in the air. Not even considering that The Great Depression 1929 to the late 1930's.

History repeats, all the signs are there, 1 million immigrants unemployed and more on the way, most families with less than $5000 savings living paycheck to paycheck, falling profits.

Signs that we are ok, unemployment figures (not accurate because people gave up on the job market, companies went to part time and hire twice as many which fucks up the numbers), interest rates (climbing super slow because this spooks the market, what if this will be the final straw?)
and solid stocks making up the DOW (these are companies that will not fail until the last minute).

The Second Great Depression could easily sneak up on the US if there are terrorism attacks on US soil (very possible as soon as Salman gets home next week) and if worldwide "allies" decide to pull the plug.

interesting times indeed.

Exactly! Could not have been said any better than this!

the other thread has reached the "nuke" scenario.

and they aren't even realizing that nukes are based on brinkmanship. it's not like a football game, someone scores 7 nukes and the other team scores 21 nukes.
jezus we are doomed for sure.

no, the market might reflect confidence but that's not how it rises and falls ultimately.

false optimism is what happened in 1929 when people thought the government would save them.

I think the majority know the government isn't going to save us. No one saves us but us.

I'm happy with myself, quite proud actually.
I aspired to be more in life than a conspiracy board mod.
I thank God I wasn't created to be a loser.

I've observed, being a mod is punishment for living a pitiful life.
Probably because being a sex offender and pedophiles prevents them from anything else.
So their stuck behind a computer.

Poor souls.

I went by a scrap yard today (electrician) and everything is down, not only that but all of our materials are going up exponentially.

Copper/aluminum and steel (conduit). Yes we still use aluminum for feeders #1 and over (industry standard XHHW-2) the newer compact aluminum feeders are just as good and much cheaper for the end user (owner). We have been installing aluminum feeders for over 20 years with NO call backs (installed properly).

I personally think President Trump has ignited a trade war the USA can't win. It's much more than China. It's the perfect storm, with Trump.

I'll add that I've been in the industry for 35 years, yes I started at 18. Yes I'm ready to retire and could soon. IBEW.

You are just another fucking idiot.

It has nothing to do with we the people except for the libtards.

The deep state criminals have been trying to take this country down for decades you dipshit clueless moron.

The people with at least half a brain elected Trump to take these evil fucks out once and for all.

word from the street. awesome.

perfect storm!