Not a good day to look at the market; Dow down 3.5%, S&P down 4.5% pre-opening.
Unless you want to buy?

Seems like every 2 years we get some event like this.

The "market" panics at every little thing. Granted...this is a "bigger" thing happening but the market will rebound on the next "little" or "big" positive thing that comes along. Sell on high days and buy on low days to rebalance your portfolio.

So what we gonna buy?

I bought SMCI

Amazon and google are still a buy, but you missed the boat at 100.00 a share.
Amazon just put in a bid for tictoc, whether you like it or not does not matter. Whoever buys it will make $.

Berkshire is still holding cash, waiting on the correction imo.

Been buying my same mutual funds

Will be interesting to see how the markets close. Bet they trim their losses...

Retiring in November and I froze my 401 this morning. Too close to the end to gamble.

Been watching this unfold and here are some thoughts. Not sure that he's actually a long term/strategic enough thinker to do this, but is Trump attempting to intentionally put the US into a short recession to force treasury yields down, thus strategically reducing the interest that we are paying on our national debt (1.6 trillion in 2025)? While at the same time, forcing a complete re-negotiation of essentially all foreign trade agreements, while forcing a ton of manufacturing and jobs to come home? in other words, basically manipulating the US economy and international trade in order to be able to restructure and refi our debt and debt service, at favorable terms, just like you would do by taking advantage of refinancing your house at a lower rate, if you were in a position to be able to force the rates down at your own discretion and timing?

Scott Bessent certainly is strategic enough to do it and he said this morning, three times, that rates would be coming "way" down. If they can thread the needle and pull it off, it will be a huge win/win for the US. Helps with our cashflow and debt issues. Once new trade deals are negotiated, prices will come down on all the foreign crap that the US is addicted to. It brings jobs home, while at the same time opening up and making international trade much more favorable for US businesses, and those businesses will be paying additional US taxes on all that additional revenue. He's also said repeatedly over the past two weeks, that the US is not going to go into a recession. By definition that's a 6 month period.

Only question is, how long would the manipulated recession last (it's technically only a recession if there are 2 quarters of negative GDP....real definition, not the BS that Biden's group changed the definition to, in order to claim that we were not in a recession) and can they pull this off without crashing the US economy. Some jobs will be lost and some weaker companies will fall to the wayside but those that survive will be in much better shape moving into the future. Safety net, if it goes bad, is to simply drop all the tariffs and everything resets back to where it was.

We are living in very complicated and interesting financial times. I'll also mention that China and many other countries are constantly doing similar things, on a regular basis, through trade, govt subsidized industries, and blatant currency manipulation. Fun Fun. Buckle up.

If they do cause the economy to crash, I’m not sure that dropping the tariffs would reset everything. I’m sure eventually it could but it would take time.

Solid post Abolt. My other half and I were talking about this last night. I told her Trump wasn’t the one putting the strategy together. He may have an input here or there but this type of strategy is coming from those he has surrounded himself with. While it’s a calculated risk I think Trump has signed off on the approach that we have to make substantial moves to right the ship, no matter the short term political consequences. If it pans out, Trump’s legacy could be that of the president who re-ignited the American industrial base. That said, I too doubt we will see a true recession regardless of what happens in the short term. Word in my company is the US leadership expects solid margins through Q3, while our overseas leadership are in panic mode in certain markets.

Pwyse, it's a calculated risk. I'm betting it works and also feel certain that they will not let it go all the way into a full blown crash before pulling that parachute, if they think it is headed that way. They've teased this out over the last several months and the market has slowly cooled off, and in a semi-controlled manner, sold off. Not crashed. I could easily be wrong, but at this point, I really think it is all planned and intentional.

Hopefully this market will recover and then some before I retire 8-10 years from now. If it goes back up to all time highs, I'll be more in fixed.

I’m afraid Trump is handing the midterms over to the democrats. Hopefully they get this tax bill passed and signed into law soon.

We've had bigger drops over other meaningless shit. I don't trust the stock market or those who make their living at it. It damned sure isn't the lead indicator on American economy health, that's for sure.

Markets have to have ups and downs for winners and losers. The more volatile the market is the better it is for traders who make good decisions.

This should be seen as a good thing.

I dont understand how you really see that . What he ran and was elected for


Hes doing just what he said he was gonna do

Those who will cut and run when the first shots are fired are showing themselves aren't they? Tolerance for pain for the greater good simply isn't there. It's one of our biggest weaknesses. Destroying ourselves from the inside.
Lots of folks who talk a tough game. But when it really matters, they'll cut and run. It's on display today.

Yeap .