It's now or never.
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It's now or never.
What is ‘now or never’?
The great Black Monday stock market crash of 2025.Quote:
Originally Posted by jon1959
Well if that is the 'now or never' then it is now. The FTSE100 is already 11% down in just over one day of trading.Quote:
Originally Posted by Wales-Bales
Most market analysts I have read in the past week (it is certainly not my area of expertise) think the great Trump Tariff Experiment has been badly thought through, planned and communicated. Trump's cabinet are contradicting each other every day. It has gone bigger than expected and the retaliation has been bigger. There is currently a 50:50 chance of a US recession this year. Pension pots are 'bigly shrunk'. US workers and consumers will be hit hard - and the promise of a return to 1950s manufacturing (a fantasy) by bringing jobs 'back onshore' is for the medium to long term even if it was true.
It is what the world looks like when cock up and conspiracy are in lock step.
There is likely to be a major adjustment to trade deals and military alliances - none of which will help exploited workers in Global South countries - which isolates the USA and works around it. It will reshape globalism, but Trump will not end it. He doesn't want to - he profits from it like Musk and the rest of his oligarch mates and golf buddies. But it does look like four years of 'America First' (aka Trump First).
It hasn't started yet, the NYSE opens at 2-30 pm. Get your :popcorn: ready!Quote:
Originally Posted by jon1959
I'd forgotten that one from the first term - that Trump is some sort of anti-globalist. He wants a tower with his name on it in every capital city!Quote:
Originally Posted by jon1959
And he also wants money and isn't particularly sniffy about how he gets it.
What's Rachel Maddow's take on things?Quote:
Originally Posted by lardy
Lot's of doom & gloom on the BBC.
https://www.bbc.co.uk/iplayer/live/bbcnews
I've got a sneaky suspicion he'll demand his face on Mount Rushmore before too longQuote:
Originally Posted by lardy
"bigly shrunk"! I love it!Quote:
Originally Posted by jon1959
The S&P 500 was hitting regular highs over the last year and was over priced and due a correction, but he's done more than that.
The high was around 6130 Feb 18th this year, and is currently down to 5077 as we speak, talk of a potential rip-your-face-off rise at 4,800 and technical traders are recording a potential low of 3000 before it's cheap and buy buy buy.
However, no one really knows, when Trump will take action to start negotiating so that the markets and all his cash are reinvested to fly back up.
What a pleb.Quote:
Originally Posted by North Cardiff Blue
However, there is some good news!
https://www.theguardian.com/us-news/...erg-jeff-bezos
Since 'Liberation Day' (don't all laugh at once!) Musk has lost $31bn, Zuckerberg has lost $27bn and Bezos has lost $23.5bn.
Sounds a bit desperate thatQuote:
Originally Posted by North Cardiff Blue
Yeah, what happened to Richard Branson?Quote:
Originally Posted by delmbox
I wonder if we will find out when all the dust has settled, that certain people have made a fortune by betting against the marketQuote:
Originally Posted by jon1959
I'm sure of it. But they will do it in a totally non-globalist way to keep Gluey purring! :hehe:Quote:
Originally Posted by Rjk
What's wrong with making a bit of beer money :biggrin:Quote:
Originally Posted by jon1959
This will cost far more American jobs that it'll create.
SKS & RR respond to the current situation
https://www.youtube.com/watch?v=SdMVcXS0rBQ
And they're all Trump fansQuote:
Originally Posted by Rjk
S&P 500 surges (+$4T) on news of EU interest in zero tariffs with US.
But but, CCMB financial gurus are all sat Infront of their computer screens wearing their Black Monday shirt and Tie combos 🤣Quote:
Originally Posted by Wales-Bales