More stock market carnage coming?! S&P futures down another 4.5%!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think the tech layoffs previously were a bit different. My family is mostly in tech. They are paid very well and assume their jobs are only temporary while their jobs have contracts. It’s a different mindset. And they easily did jump to other jobs (or had two jobs at once or overlapped). Tech layoffs are different than layoffs in other sectors.

It’s different when your average 85k fed is being laid off for no reason. The cuts don’t even make sense from a financial perspective and so many will need to be rehired.

don't worry, all those cancer researchers can go to the brick factory once it's up and running in 5-10 years or whenever

Reminds me of this South park episode where all the professionals are out of work and the people that know how to do stuff are rich

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think the tech layoffs previously were a bit different. My family is mostly in tech. They are paid very well and assume their jobs are only temporary while their jobs have contracts. It’s a different mindset. And they easily did jump to other jobs (or had two jobs at once or overlapped). Tech layoffs are different than layoffs in other sectors.

It’s different when your average 85k fed is being laid off for no reason. The cuts don’t even make sense from a financial perspective and so many will need to be rehired.

$85k doesn’t include benefits feds get that many other workers do not. The fed perks haven’t been what they used to be but many feds still have something.

There is no meaningful perk that Fed workers get that is not widespread or better at most professional jobs. Better than the Wal-Mart health plan, certainly. But other white collar jobs blow it away, esp now with higher pension contributions

[Anonymous]

So nothing happened today

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I believe it will dip again tomorrow. No job seems safe, all consumer goods 20-25% more expensive, tourist from outside the US is way down and there’s no relief in sight. Only billionaires are getting tax breaks in the new plan.

A pretty high percentage of Americans think this is the end of our country and democracy. Even Congress won’t fight for our country.

Even though I am sympathetic to those who will suffer due to the stock market decline and other economic turmoil, this is why you people cannot be taken seriously and are losing to Trump daily.

Democracy and the country don’t end when your candidate loses an election!!

Pp here. I’m a republican who doesn’t agree with what’s going on.

There is no Republican party it is the party of treason and now a full on dictatorship.

Democracy is gone you idiot Voting rights are gone we are not voting again freely and fairly.
SCOTUS today no more Due process you fool!

I can not wait for all the disease that RFK JR and DR OZ will bring.

[Anonymous]

Anonymous wrote:

Anonymous wrote:As per the cnn headline looks like its working "Europe says it is ‘ready to negotiate’ with US as stock markets tumble"

Europe is repeating the same free trade offer it's been making for years.

Exactly. And when Trump succumbs to the pressure he's getting from, well practically everyone, he'll celebrate that same trade offer as some great new deal that he forced. And his followers will believe it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As per the cnn headline looks like its working "Europe says it is ‘ready to negotiate’ with US as stock markets tumble"

Europe is repeating the same free trade offer it's been making for years.

Exactly. And when Trump succumbs to the pressure he's getting from, well practically everyone, he'll celebrate that same trade offer as some great new deal that he forced. And his followers will believe it.

You can’t be this ignorant.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think the tech layoffs previously were a bit different. My family is mostly in tech. They are paid very well and assume their jobs are only temporary while their jobs have contracts. It’s a different mindset. And they easily did jump to other jobs (or had two jobs at once or overlapped). Tech layoffs are different than layoffs in other sectors.

It’s different when your average 85k fed is being laid off for no reason. The cuts don’t even make sense from a financial perspective and so many will need to be rehired.

don't worry, all those cancer researchers can go to the brick factory once it's up and running in 5-10 years or whenever

Reminds me of this South park episode where all the professionals are out of work and the people that know how to do stuff are rich

South Park is absolutely brilliant and hilarious. Lots of truth in jest.

[Anonymous]

Start a South Park thread if you want, but this is a financial forum. Let’s talk about those futures! Looking pretty good!

[Anonymous]

Anonymous wrote: Start a South Park thread if you want, but this is a financial forum. Let’s talk about those futures! Looking pretty good!

“In a bear market, stocks return to their rightful owners.” -J.P. Morgan

Anyone who had weak hands while assuming the world was ending and sold during yesterday’s open, then second guess themselves after seeing all that green and re-buy in at today’s open…Congrats! You just locked in a permanent 5% loss of your portfolio.

Jack Bogle said it best: “Don’t do something, just stand there!”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As per the cnn headline looks like its working "Europe says it is ‘ready to negotiate’ with US as stock markets tumble"

Europe is repeating the same free trade offer it's been making for years.

Exactly. And when Trump succumbs to the pressure he's getting from, well practically everyone, he'll celebrate that same trade offer as some great new deal that he forced. And his followers will believe it.

You can’t be this ignorant.

Oh you'll follow party line and fall for it alright.

[Anonymous]

So.Much.Winning (sigh). Aren't professionals ashamed to be associated with this administration?


China says it will ‘fight to the end’ after Trump threatens 50% additional tariffs
https://www.cnbc.com/2025/04/08/china-resolutely-opposes-trumps-50percent-tariff-threat-vows-retaliation.html
China’s Commerce Ministry said it “resolutely opposes” U.S. President Donald Trump’s threat of escalating tariffs.
Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday, if Beijing does not withdraw the 34% tariff it imposed on American products last week.
The People’s Bank of China on Tuesday set the midpoint rate for onshore yuan at 7.2038 per dollar, the weakest level since September 2023, according to data provider Wind Information.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As per the cnn headline looks like its working "Europe says it is ‘ready to negotiate’ with US as stock markets tumble"

Europe is repeating the same free trade offer it's been making for years.

Exactly. And when Trump succumbs to the pressure he's getting from, well practically everyone, he'll celebrate that same trade offer as some great new deal that he forced. And his followers will believe it.

You can’t be this ignorant.

Oh you'll follow party line and fall for it alright.

I’m an independent, I don’t choose by party. People like you will never change.

[Anonymous]

Anonymous wrote:So.Much.Winning (sigh). Aren't professionals ashamed to be associated with this administration?


China says it will ‘fight to the end’ after Trump threatens 50% additional tariffs
https://www.cnbc.com/2025/04/08/china-resolutely-opposes-trumps-50percent-tariff-threat-vows-retaliation.html
China’s Commerce Ministry said it “resolutely opposes” U.S. President Donald Trump’s threat of escalating tariffs.
Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday, if Beijing does not withdraw the 34% tariff it imposed on American products last week.
The People’s Bank of China on Tuesday set the midpoint rate for onshore yuan at 7.2038 per dollar, the weakest level since September 2023, according to data provider Wind Information.

OK? What’s your point? You Chinese?

[Anonymous]

Anonymous wrote:

Anonymous wrote:As per the cnn headline looks like its working "Europe says it is ‘ready to negotiate’ with US as stock markets tumble"

Europe is repeating the same free trade offer it's been making for years.

Europe already has low tariff rates. In some cases, Europe actually has lower tariff rates than the U.S. Accordingly, I do not think that this is accomplishing anything. It's all a performance and little more.

I do think there are reasonable arguments for selectively applying tariffs to certain countries (e.g., China, Vietnam, etc.) and to certain industries (e.g., high-tech manufacturing), but none of that applies to Europe. I do not understand why the U.S. is taking this go-at-it-alone approach and pissing off both allies and foes alike. Why not work with your allies to create a larger free-trade zone and collectively lock out your foes?

Separately, in case folks are not aware, the U.S. does engage in trade protectionism outside of these tariffs. For example, the U.S. subsidizes the farming industry and the U.S. then exports farm outputs (e.g., soybeans). The U.S. does this at a smaller scale than most other countries (e.g., China), but they are not completely innocent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As per the cnn headline looks like its working "Europe says it is ‘ready to negotiate’ with US as stock markets tumble"

Europe is repeating the same free trade offer it's been making for years.

Europe already has low tariff rates. In some cases, Europe actually has lower tariff rates than the U.S. Accordingly, I do not think that this is accomplishing anything. It's all a performance and little more.

I do think there are reasonable arguments for selectively applying tariffs to certain countries (e.g., China, Vietnam, etc.) and to certain industries (e.g., high-tech manufacturing), but none of that applies to Europe. I do not understand why the U.S. is taking this go-at-it-alone approach and pissing off both allies and foes alike. Why not work with your allies to create a larger free-trade zone and collectively lock out your foes?

Separately, in case folks are not aware, the U.S. does engage in trade protectionism outside of these tariffs. For example, the U.S. subsidizes the farming industry and the U.S. then exports farm outputs (e.g., soybeans). The U.S. does this at a smaller scale than most other countries (e.g., China), but they are not completely innocent.

The CAP is a gigantic subsidy. We have a legit complaint regarding that.