US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.
The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.
. . .
Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.
Technically we are in correction territory, so id say we are a slump. This isnt the bottom though. Get some puts and ride this baby all the way down. I hit 10x on tesla puts that i bought yesterday. This markets dumb and with the volatility this high, everyone should be making money if they sell when they are green and done diamond hand it
I love this idea that while 60% of the country is living paycheck to paycheck “everyone should be making money” like everyone has money to invest. We are well and truly fucked
From a Canadian masterpiece of a videogame:
What game?
Warframe
Starts out with space ninja stuff, and progressively gets weirder. Currently it’s the time travel zombie boyband clone hunting story arc. Still with space ninjas though.
What game?
I turned $70 into $2k in the last 2 days. It doesnt take much to get started
No offense but that sounds like casino talk. You got lucky. You definitely should not be telling people to invest in things they don’t understand with money they don’t have.
Yeah gonna back you on this one, maybe I’m I’ve got a bit too much Scottish blood but the risks involved in it are too high and reliant on an inmate volatility. If ya have the extra cash to spare get a good pair of boots, tools, or equipment which are good investments the difference between a yearly replacement and a bi yearly replacement may very well be 30 bucks.
Also yes I am paraphrasing Sir Terry Pratchett.
Sure, but you see tesla going up on bad news, its not difficult to anticipate its going to come right back down. Im not telling people to throw money away, obviously you need to be educated. Last year i turned 7k into 35k. Took it all out except 700 and am already back to 6k.
Ive been doing this for about 14 years. I have experience and knowledge that someone starting out doesnt. That wasnt my point. My point is, it doesnt take much money to get started.