European stocks tank 6% at open as global tariff rout deepens
-
Kinda wish the North American market wasn't the last one to open so I could have sold some shit before everything crashes...
The time to sell was last Wednesday.
-
The time to sell was last Wednesday.
Oh there's still a long way to go before the bottom I'm sure...
-
Well, if everything crashes, then everything is equal!!
Then the guy with the biggest bicep eats first.
-
Which people?
-
Then the guy with the biggest bicep eats first.
But what will he eat?
-
This post did not contain any content.
Aight, of the 15% total crash, I'm 3,5% in it. Gonna put in the rest of my spare money next week and see the result.
That crash wiped out a year of gains, and I'm interested in the future. This is due to a few people in power, not because of tsunamis etc. So this can switch over in just a day.
Just cannot know when that day will be
-
Aight, of the 15% total crash, I'm 3,5% in it. Gonna put in the rest of my spare money next week and see the result.
That crash wiped out a year of gains, and I'm interested in the future. This is due to a few people in power, not because of tsunamis etc. So this can switch over in just a day.
Just cannot know when that day will be
This is due to a few people in power, not because of tsunamis etc. So this can switch over in just a day.
In my view, the damage is very real and businesses will keep suffering even if Trump winds down his tariff ambitions, because the uncertainty and unpredictability hinder investment decisions. For example, if you managed an aluminium business like Alcoa, would you put up the cash to set up new smelters in the US despite melting stock prices, high borrowing costs and the possibility that the tariffs shielding those US smelters from foreign producers are reduced or even scrapped altogether without warning? Many businesses are “damned if they do, damned if they don't”.
I'm sure there are smart plays in this market, but I'm also convinced that we've entered a bear phase.
-
Not that historica, so far it seems to imitate the 2008 financial crisis crash. But yeah, the financial system almost died then. With Trump, the whole global economic system could very well end in the wood chipper.
-
This post did not contain any content.
Im noticing a pattern in the us where after hours the big money pulls out and then during the trading day the chumps buy the dip.
-
This is due to a few people in power, not because of tsunamis etc. So this can switch over in just a day.
In my view, the damage is very real and businesses will keep suffering even if Trump winds down his tariff ambitions, because the uncertainty and unpredictability hinder investment decisions. For example, if you managed an aluminium business like Alcoa, would you put up the cash to set up new smelters in the US despite melting stock prices, high borrowing costs and the possibility that the tariffs shielding those US smelters from foreign producers are reduced or even scrapped altogether without warning? Many businesses are “damned if they do, damned if they don't”.
I'm sure there are smart plays in this market, but I'm also convinced that we've entered a bear phase.
Nobody knows bruv.
Lump sum investing wins from DCA 2 out of 3 times, and well bruv.. the market crashed 15%. I'mma keep it for my child in my wife's uterus. I don't need the money.
Do what fits your goals
-
Infinite growth in a finite reality. Numbers go up up up but minerals and food don't exponentially grow, in fact they deplete.
Shareholder profit > sustained profit is what broke it.
There's nothing wrong with say, Mark Cubans drug store model of 15% capped profits. If it were publicly owned however it's legally liable to pump that up to infinity until the model breaks for shareholders to make quarterly gains. Short term thinking replaced long term strategy.
Even Costco knows you keep the $1.50 hot dog as a loss leader but if it were up to the gouls in suits it would be $6.99 today and $7.99 tomorrow.
I don't think the issue is growth related, I think it's rather about more and more money going to the top 1%. And that issue is accelerated in USA due to badly regulated corporate capitalism.
Greedy shareholders and short time thinking are signs of that, because they keep getting away with it.
Looks like this isn't going to change until there is a massive crash.. -
Could be even worse now, because in the 2008 financial crisis the US government was actively combatting the crisis by putting trillions of dollars in the economy. In this case it’s the US gov driving the madness.
And the fed probably won't let the government dump money into the system because there gonna be afraid of these tarriffs causing inflation.
-
We are witnessing history in the making, people! Keep documenting and writing it down, like the ancient greek historians. The US has radically changed under the new president Trump 2024 -> 2025 and we will need to study the effects on our world and global economy closely. Historic times indeed.
I'm getting really fucking tired of living in interesting times. I've lived through 9/11, the 2008 crash, a first Trump term through COVID-19, Russia's invasion of Ukraine, and now a second Trump term through another financial crisis.
Give me a fucking break.
-
Then the guy with the biggest bicep eats first.
-
I'm getting really fucking tired of living in interesting times. I've lived through 9/11, the 2008 crash, a first Trump term through COVID-19, Russia's invasion of Ukraine, and now a second Trump term through another financial crisis.
Give me a fucking break.
I just want some fucking boring times, is that really so much to ask for? Just a time where people mind their own fucking business and rich cunts don't try to destroy the peace? I've never heard about an economic crash or a war started by a poor person. Hang any motherfucker who hoards wealth. Start from the top, and stop when people are no longer starving in the fucking streets, or dying from preventable diseases. I absolutely guarantee, we won't have to kill that many before the rest fall in line.
-
Im noticing a pattern in the us where after hours the big money pulls out and then during the trading day the chumps buy the dip.
-
That's the great thing about trickle down economics, when it goes up, they get richer and we get poorer. When it goes down, we get poorer and they get richer !
-
This wouid be my... Hmm... Third... I think...?... Once in a lifetime historical market crash. The 2008 one stole my teenage years.
You know, guys, I'm starting to get this strange feeling that our economic model doesn't really work.
Unfortunately, it seems we’re reaping what we sow by switching from Keynesian to Neoliberal economics. It was going ok when the demand side had money to spend. We’ve had several decades of paying for that now.
-
Not that historica, so far it seems to imitate the 2008 financial crisis crash. But yeah, the financial system almost died then. With Trump, the whole global economic system could very well end in the wood chipper.
I can defend my choice of words "historical": Even the most mundane happenings today might be viewed completely weird practices in the future.
-
No, but most people here approve of the fact that we have at least some cushions to shield us from this madness.
It sucks to be everywhere, but I at least feel lucky knowing that there is absolutely no way I won't be able to make rent for the next 1-2 years, whatever happens, since the rent is fixed for the next 3 years and even if I get fired I'll get unemployment for 1-2 years.
I hope it gets better for US folks, but it really seems that the chickens came home to roost for unchecked neoliberalism over there.
