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Old 12-04-2018, 04:11 PM  
oaklandhater oaklandhater is offline
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Dow falls 800 points on China trade confusion and mounting fear tariffs are choking g

https://www.nbcnews.com/business/mar...global-n943641



The Dow Jones Industrial Average fell by almost 800 points Tuesday, to close at 25,027, continuing a shaky start to the week prompted by confusion over a thaw in U.S.-China trade relations.

The Dow finished the day down 3.06 percent. The S&P 500 lost 3.2 percent of its value, and the Nasdaq fell by 3.8 percent.

The decline on the blue-chip Dow came just one day after a 300-point rally, with investors cheering news that President Donald Trump and China's President Xi Jinping had settled their differences at the G-20 economic summit over the weekend.

Trump announced via a weekend tweet that China would "start purchasing agricultural product immediately," and that "China has agreed to reduce and remove tariffs on cars coming into China from the U.S." Treasury Secretary Steven Mnuchin echoed the positive sentiment, telling CNBC on Monday, "This is the first time that we have a commitment from them that this will be a real agreement."

On Tuesday, Trump tweeted, "The negotiations with China have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina."

However, no joint statement from the U.S. and Chinese trade teams was issued after the leaders of the world's two largest economies met on the sidelines of the G-20. While the Chinese Foreign Ministry acknowledged that further talks on tariffs would proceed, Beijing has yet to corroborate details on any major parts of the trade agreement, with Chinese state media avoiding any reference to a 90-day condition, nor did it mention an agreement to unilaterally reduce car tariffs.

“The market is reassessing if anything tangible happened at the Trump-Xi dinner,” Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company, told MarketWatch.

A protracted tit-for-tat over import tariffs has dominated the economic landscape since Trump first imposed them in January, with markets in turn rallying and tanking as investor sentiment veered.
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Old 12-04-2018, 04:12 PM   #2
oaklandhater oaklandhater is offline
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Old 12-04-2018, 04:17 PM   #3
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The fact that OH celebrates this tells us all we need to know.
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Old 12-04-2018, 04:21 PM   #4
oaklandhater oaklandhater is offline
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Originally Posted by Chief Northman View Post
The fact that OH celebrates this tells us all we need to know.
the fact that you guys think I'm celebrating is hilarious
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Old 12-04-2018, 04:22 PM   #5
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I'd like to think that Trump would figure out that sometimes, he should just put down his ****ing phone.
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Old 12-04-2018, 04:32 PM   #6
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I'd like to think that Trump would figure out that sometimes, he should just put down his ****ing phone.
I dont think that will ever happen
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Old 12-04-2018, 04:43 PM   #7
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Originally Posted by oaklandhater View Post
the fact that you guys think I'm celebrating is hilarious
Just being real with you, your threads always come across like you're celebrating. Whether that's your intention or not.

I have no bone to pick with you, but i get the same vibe.
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Old 12-04-2018, 04:50 PM   #8
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Quote:
Originally Posted by Detoxing View Post
Just being real with you, your threads always come across like you're celebrating. Whether that's your intention or not.

I have no bone to pick with you, but i get the same vibe.
pretty much.
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Old 12-04-2018, 04:54 PM   #9
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I missed the post when it was up 500+ the other day......
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So, if they were polling better than Trump and the primary goal was to prevent Hillary from becoming POTUS, perhaps it would have been a better strategic decision to nominate someone who actually had a chance of beating her and preventing that than nominating Donald Trump.
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Old 12-04-2018, 05:21 PM   #10
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800 points on the Dow ain't what it used to be.
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Old 12-04-2018, 05:39 PM   #11
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Here's Oakland haters logic: The media-proclaimed US and China tradewar was called off during the G20 meeting. The stock market booms. The next day the stock market drops. IT MUST BE THE CHINESE TRADE WAR!!

Where's the logic here? The US and Chinese agreed to call off the tariffs and now we're all suffering the consequences of some trade war? Shouldn't this be the opposite? Should't stocks have been falling months ago?


objective analysis:

Quote:
When a so-called yield curve inversion happens — short-term yields trading above longer-term rates — a recession could follow, though it is often years away after the signal triggers. Still, many traders believe the inversion won't be official until the 2-year yield rises above the 10 year yield, which has not happened yet.
Looks like automated trading systems hit a threshold with short-term yields and a recession alert\balloon floated up and caused a drop. But don't let that reality cloud your ORANGE MAN BAD hate.

Last edited by seamonster; 12-04-2018 at 05:56 PM..
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Old 12-04-2018, 06:54 PM   #12
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I'd like to think that Trump would figure out that sometimes, he should just put down his ****ing phone.
You may as well ask the Sun not to rise.
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Old 12-04-2018, 07:03 PM   #13
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If Trump weren't so dumb, I'd almost think he was doing this shit on purpose.

Trump - "Hey Jared, buy a bunch of this stock."

Trump tweet-"New agreement to drop tariffs."

Stock shoots up.

Trump - "Hey Jared, dump the stock."

Trump tweet - "Just kidding."

Rinse, repeat...
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Old 12-04-2018, 07:05 PM   #14
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Originally Posted by oaklandhater View Post
the fact that you guys think I'm celebrating is hilarious
Can half wit gimps tell a lie?
The answer is apparently yes.
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Old 12-04-2018, 08:52 PM   #15
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Quote:
Originally Posted by oaklandhater View Post
the fact that you guys think I'm celebrating is hilarious
I'd go with gloating. Yeah, there's no passive aggressive nature in you what so ever OH, for realz!
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