Article

2025-04-03 Economy

Wall Street is rocked as major stocks immediately plummet at open... with TRILLIONS wiped off economy and 401(K)s

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Posted by Skidmark 2025-04-03 10:16|| E-Mail|| Front Page|| [11123 views ] Top

#1 It will be weeks until we see where the fallout lands. Some nations will capitulate, others will ignore and others will double down. By Christmas we should have a pretty good idea of what the next year's economy will be looking like and I bet it will be slow growth with some inflation, much like we have had for the past 2 years, but things are manageable.
Next two years after that I expect an upswing as new infrastructure is built out and things get a lot better.

Posted by DarthVader 2025-04-03 11:59|| 2025-04-03 11:59|| Front Page Top

#2 The important thing, Anakin, no way all EU nations will respond as a group.

Posted by Grom the Affective 2025-04-03 12:04|| 2025-04-03 12:04|| Front Page Top

#3 Most Americans are more interested in the price of eggs and gas. It's the ruling class gambling in the stock market for paper gains that maybe concerned.

Posted by Procopius2k 2025-04-03 13:14|| 2025-04-03 13:14|| Front Page Top

#4 ^And, in any case, tomorrow it will rise again.

Posted by Grom the Affective 2025-04-03 13:36|| 2025-04-03 13:36|| Front Page Top

#5 Why, whatever makes you think the stock market is rigged?

Posted by ed in texas 2025-04-03 14:03|| 2025-04-03 14:03|| Front Page Top

#6 before Trump's first term, USA custom duty revenue was well under $40B/year.
by the end of Trump's first year it was about $70Byr
by the last year of Biden's term it was about $100B
if the tariffs announced yesterday were in effect for a whole year it would be about $700B to $900B.

that's a lot

but it could 'finance' the extension of the 2017 Tax Cut and Jobs Act parts of which (e.g., the increased standard deduction) expire in 2025 and other parts in 2026-2028.

Posted by Lord Garth 2025-04-03 14:05|| 2025-04-03 14:05|| Front Page Top

#7 Buyer's market.

Who shorted last week?

Posted by Skidmark 2025-04-03 14:25|| 2025-04-03 14:25|| Front Page Top

#8 @#3 - Geesh, you ain't kidding. I've never heard more talk about eggs over the past year than in my whole life.

Posted by DooDahMan 2025-04-03 16:08|| 2025-04-03 16:08|| Front Page Top

#9 It's the ruling class gambling in the stock market for paper gains that maybe concerned.

Roth IRAs are all the rage with the young crowd

Posted by Skidmark 2025-04-03 16:19|| 2025-04-03 16:19|| Front Page Top

#10 Yawn.

Posted by Besoeker 2025-04-03 18:29|| 2025-04-03 18:29|| Front Page Top

#11 Roth IRAs are all the rage with the young crowd

Those youngsters already clients of financial firms, according to thr article, so not your average young minimum wager. In other words the same group that were investing in Roths back when they were first offered, back in the 1989s. On the other hand, that lot are at least as likely to live paycheck to paycheck — figuring they’re successful and therefore deserve to have *all* the nice things — as their less well-paid peers.

Posted by trailing wife 2025-04-03 18:33|| 2025-04-03 18:33|| Front Page Top

#12 I bought stocks when Covid crashed the stock market.

I will buy stocks when this market hits bottom.

Remember, buy when the cannons are booming. Sell when the violins are playing.

Posted by Muggsy and Company2746 2025-04-03 22:37|| 2025-04-03 22:37|| Front Page Top

23:15 Crusader
22:41 Muggsy and Company2746
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22:24 JohnQC
21:27 Procopius2k
21:26 Procopius2k
20:12 swksvolFF
20:03 swksvolFF
19:07 Pancho Poodle8452
18:54 Bobby
18:33 trailing wife
18:29 Besoeker
18:10 Lord Garth
17:58 SteveS
17:03 SteveS
17:02 swksvolFF
16:47 Pancho Poodle8452
16:35 Pancho Poodle8452
16:28 ed in texas
16:19 Skidmark
16:14 Rambler
16:12 Skidmark
16:08 DooDahMan
14:58 Lord Garth
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