By Grand Rapids Anonymous
thursday, april 3, 2025 at 4:49:00 p.m. edt
Mass murder of the stock market, as tariff ramifications kick in
Final tally: dow sold off 1600 (5.3%) points, the S&P was lacerated 276 points (4.7%), while nasdaq was the worst of all—a colonoscopy-like reaming of over 1000 points (6%).
GRA: Now, it’s a game of chicken between President Trump and investors. Who blinks first?
--GRA
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Stock markets were in need of a correction to begin with. Four years of Let's Go Brandon and the S&P up 55%, Dow up 39%, Nasdaq 46%. You've got to be kidding.
Trump Tariff Timing, two days after the end of the quarter. So almost 90 days before the next 401(k) statements and blustery made-for-TV outrage from people who have zero idea of which funds their money was invested in.
Agree--waaay overdue. There is one expert I read that thinks this could be the start of a long bear market--especially if 5,000 doesn't hold on spx. Elliott wave stuff.
--GRA
"AND THE BEATING GOES ON"(SANG SONNY AND CHER),AS STOCKS PLUNGE ANOTHER 4% FRIDAY MORNING.
GRA:China retaliated with a 34% tariff. Update later.
--GRA
IF THIS SELLOFF CONTINUES,TRUMP WILL MATCH HERBERT HOOVER AS MOST UNPOPULAR PRESIDENT
GRA:P.T has to do it to cut some of the debt,corruption and waste that permeates our country. Basically,phony money has propped up the stock market--and it doesn't like seeing immigration cut(demand from government payouts removed),jobs cut,rampant money printing and a deficit going to the stratosphere. Oh yes--and tariffs. People don't like losing money,a sure way to become unpopular in a week or month.Hoover found that out and President Trump will too--IF there are no deals to cancel the tariffs.
(yahoo)Trump, posting on Truth Social on Friday, added to fears by saying that his policies "will never change" and warning that China "played it wrong."
GRA:Markets are looking for a sign that Trump will cave quickly. He says he won't BUT...
--GRA
STOCK MARKET "TEMPER TANTRUM" CONTINUES FRIDAY;DOW OFF OVER 2,000 POINTS,S&P DOWN NEARLY 6% AND APPLE DOWN 7% TO 188.
(GRA)They sold them all except for bitcoin and bonds. Now,what happens over the weekend to give investors a reason to buy--or sell? The pundits think President Trump will give in at some point and throw the market a bone to grab on to. He says "no",but the pressure is on.
There was some talk of negotiating with Vietnam--and the market rallied briefly,mid-afternoon,but the buying didn't last long.
5,000 is critical support. Afterhours futures are in an area that if Trump doubles down over the weekend,a "black Monday" is possible. Everything is iffy here on Friday. A relief rally is also possible.
Place your bets.
--GRA
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