Will Trump Supporters tolerate the Dow closing below 38,000?

[Gepetto 1,285]

20 minutes ago, Hardcore troubadour said:

So people that have incredibly low interest rates on their mortgage should pay it off instead of? 

yes

[Mark Davis 338]

1 hour ago, Alias Detective said:

ETF's educate yourself

Tell me all about it Mr. Buffett. 

P.S. You can't buy ETFs until funds settle either.

[Hardcore troubadour 14,903]

15 minutes ago, Gepetto said:

yes

So if you have a 2.75 mortgage pay that off instead of getting 4 pct or close to it on a cd? Why? So you can get less and possibly lose a deduction? 

[Engorgeous George 2,117]

5 hours ago, seafoam1 said:

Believe what you want. Trump has a plan and we will see how it plays out and how his enemies in the press rile you all up to do everything you can to defeat everything he does. It's like a football game with you all. The only thing you know that you want is failure for the other team. In this case, this country. All because of TRUMP! 

See below: 

 

The fact that I do not like Trump does not mean I hope for his failure.  I do not.  The thrust and essence of this thread is about the tolerance the mob has for sacrifice or perceived sacrifice before it turns on him.  I believe Trump's course on tariffs was ham-handed.  That does not mean I object to reciprocal tariffs as I actually support them.  Unfortunately Trump went too far, clumsily, and did not set out an end game so that our allies and trading partners could help move expeditiously to resolving the disparity in tariffs thus creating free and fair trade.  He sought uncertainty and uncertainty breeds delay in resolution since our partners are unclear on the resolution sought. Free and fair trade may still leave us with some real deficits with some countrys and some surpluses with others but it would strengthen us. The uncertainty, the delay in resloution has the amrkedts down.  I am confident they will come back, but I wonder at the tolerance of Trump's supporters for bad economic news, even if it is only temporary.  I am wondering about how bad is bad and what is perceived as temporary, or too long.

 

As for you, well you seem to eschew nuance and to lash out at any criticism of a man who invites criticism.  So be it.  I weigh your opinions accordingly.

[Engorgeous George 2,117]

4 hours ago, The Real timschochet said:

If your question means “will they turn on Trump”? The answer is no. Not the MAGA crowd, not ever. Trump will find someone to blame (looks like Jerome Powell) and they will blame him. Never Trump. 

I don't know.  Nothing focuses the mind like watching wealth drain away, even if only temporarily.  The uncertainty of its return can have a bracing and sobering effect on the romance with a politician.

[5-Points 3,385]

Buy the dip!

[Mark Davis 338]

49 minutes ago, Hardcore troubadour said:

So if you have a 2.75 mortgage pay that off instead of getting 4 pct or close to it on a cd? Why? So you can get less and possibly lose a deduction? 

Mathematically you are correct, especially if expected returns hold.  From my point of view I extinguished my debt because in some ways it freed my mind up for what I could do with my assets once I was debt free.  There is an amount that is hard to quantify that you will feel free to invest or otherwise put to work for you if you don't have that looming monthly payment because you have no need for that safety net.  Mathematically I think you are still probably better to keep that low rate mortgage if you don't feel the need to keep extra cash reserves, and I have successful friends who have gone either way on keeping that mortgage or paying it off.

[Hardcore troubadour 14,903]

17 minutes ago, Mark Davis said:

Mathematically you are correct, especially if expected returns hold.  From my point of view I extinguished my debt because in some ways it freed my mind up for what I could do with my assets once I was debt free.  There is an amount that is hard to quantify that you will feel free to invest or otherwise put to work for you if you don't have that looming monthly payment because you have no need for that safety net.  Mathematically I think you are still probably better to keep that low rate mortgage if you don't feel the need to keep extra cash reserves, and I have successful friends who have gone either way on keeping that mortgage or paying it off.

I hear ya. This is my third house so my mortgage is low and so is the interest. I’m in no hurry. Thanks to Bidenomics my mortgage payment is lower than rent for a studio apt. But thanks to the shitlibs and leeches in NY my taxes are Stupid. 

[jbycho 577]

Tolerate? I welcome what Trump is doing. 

[MDC 7,111]

Just now, jbycho said:

Tolerate? I welcome what Trump is doing. 

Me too. I hope he keeps up the trade war and putting the Fed on blast. 

[jbycho 577]

1 minute ago, MDC said:

Me too. I hope he keeps up the trade war and putting the Fed on blast. 

Cool. 

[shadrap 220]

4 hours ago, zsasz said:

Almost 8K points since Biden left.

Still don't get why Trump raced to fire all of these Federal employees and impose all these tariffs. He still has another 20 months until Congress is up for a vote agian.  

Trump, he is trying to give us some fair trade.  Nobody previous has tackled this.  Market does not like uncertainty.  This is the result.

The end result will be better for everyone.

I understand though. Orange man bad in everything.

[Horseman 2,352]

1 hour ago, Mark Davis said:

Tell me all about it Mr. Buffett. 

P.S. You can't buy ETFs until funds settle either.

I agree with everything else you said, but, I don't have to wait for funds to settle. My buying power is increased as soon as a sale or transfer goes through.  But you said "funds clearing" earlier so perhaps you're moving money between banks?  

[shadrap 220]

1 hour ago, Engorgeous George said:

The fact that I do not like Trump does not mean I hope for his failure.  I do not.  The thrust and essence of this thread is about the tolerance the mob has for sacrifice or perceived sacrifice before it turns on him.  I believe Trump's course on tariffs was ham-handed.  That does not mean I object to reciprocal tariffs as I actually support them.  Unfortunately Trump went too far, clumsily, and did not set out an end game so that our allies and trading partners could help move expeditiously to resolving the disparity in tariffs thus creating free and fair trade.  He sought uncertainty and uncertainty breeds delay in resolution since our partners are unclear on the resolution sought. Free and fair trade may still leave us with some real deficits with some countrys and some surpluses with others but it would strengthen us. The uncertainty, the delay in resloution has the amrkedts down.  I am confident they will come back, but I wonder at the tolerance of Trump's supporters for bad economic news, even if it is only temporary.  I am wondering about how bad is bad and what is perceived as temporary, or too long.

 

As for you, well you seem to eschew nuance and to lash out at any criticism of a man who invites criticism.  So be it.  I weigh your opinions accordingly.

Trump has been President for 3 months.  3 MONTHS.

[Horseman 2,352]

6 hours ago, Engorgeous George said:

I do not think so.

It closed below 38,000 on April 7th and 8th.   

[Mark Davis 338]

29 minutes ago, Horseman said:

I agree with everything else you said, but, I don't have to wait for funds to settle. My buying power is increased as soon as a sale or transfer goes through.  But you said "funds clearing" earlier so perhaps you're moving money between banks?  

Yeah I don't keep cash sitting within brokerage accounts.  I do have a little, but nothing of major consequence.  Most of mine is sitting in my overnight sweep account for my business.  It's earning north of 4% and on hand when I need it.  I just have to take a distribution from the company to move it so it takes a couple business days.  I'm not trying to catch an exact bottom so I'm sitting on go if we dip a bit more and just average in some.  

[weepaws 3,146]

No need for concern, trump/Musk will be walking away will all your faith in three more years.  So stop putting faith into your bank account. And start trusting in the Lord, the Lord last a lot longer.  

But the mercy of the Lord is from everlasting to everlasting on those who Fear Him, and His Righteousness to children’s children.   Indeed Amen Thanks 

is Jesus Christ your Lord and Savior? 

[Horseman 2,352]

This thread is a microcosm of what is happening in the news cycle.  

THE DOW DROPPED 1000 POINTS!

(dow makes all that back and more the next couple weeks)

THE DOW DROPPED ANOTHER 1000 POINTS!!!!

(no it's the same 1000 points, you're actually still better off than the last time you hyperventilated about it)

Someone wake me up when it's really moving and not just period volatility.  

 

[Horseman 2,352]

3 minutes ago, Mark Davis said:

Yeah I don't keep cash sitting within brokerage accounts.  I do have a little, but nothing of major consequence.  Most of mine is sitting in my overnight sweep account for my business.  It's earning north of 4% and on hand when I need it.  I just have to take a distribution from the company to move it so it takes a couple business days.  I'm not trying to catch an exact bottom so I'm sitting on go if we dip a bit more and just average in some.  

Fidelity sweep accounts are 4% last I checked.     

[Gepetto 1,285]

4 hours ago, Hardcore troubadour said:

So if you have a 2.75 mortgage pay that off instead of getting 4 pct or close to it on a cd? Why? So you can get less and possibly lose a deduction? 

I actually did that. Trump changed the tax code in his first term so that the deduction was no longer helpful. Still, I think it’s better to pay it off and eliminate debt. Interest rates for CDs had dropped to like close to 1%. They’re much better now of course. You have a good argument. Those high monthly mortgage payments suck though.

[SaintsInDome2006 373]

6 minutes ago, Gepetto said:

Trump changed the tax code in his first term so that the deduction was no longer helpful

Shocker. Such a man of the people. Anyone know what came of the not taxes on tips pledge?

[Horseman 2,352]

8 hours ago, MDC said:

Short term pain long term gain.  

That's different than "total collapse" dumbass.  

[Horseman 2,352]

10 hours ago, SaintsInDome2006 said:

Shocker. Such a man of the people. Anyone know what came of the not taxes on tips pledge?

It's still in HR 482 still being worked on in the house. 

It's stupid though because it causes "severe horizontal tax inequality". Quotes are from The Tax Foundation. 

Fok the poors not paying tax.  

Are you google inept, retarded, or both?  

[Gepetto 1,285]

24 minutes ago, SaintsInDome2006 said:

Shocker. Such a man of the people. Anyone know what came of the not taxes on tips pledge?

He adjusted the standard deduction way up so that many people no longer needed to itemize because the standard deduction route resulted in lower tax, although my tax went up slightly, it was negligible.

[SaintsInDome2006 373]

WSJ: The Dow is headed for its worst April since 1932.

[SaintsInDome2006 373]

13 minutes ago, Horseman said:

It's still in HR 482 still being worked on in the house. 

It's stupid though because it causes "severe horizontal tax inequality". Quotes are from The Tax Foundation. 

Thanks for the info, seriously.

[MDC 7,111]

1 hour ago, Horseman said:

That's different than "total collapse" dumbass.  

The stick market doesn’t matter. MAGAs said so.  

[SaintsInDome2006 373]

10 hours ago, SaintsInDome2006 said:

WSJ: The Dow is headed for its worst April since 1932.

Also per WSJ - this is the worst S&P 500 performance post inauguration since 1928.

[thegeneral 2,877]

7 minutes ago, SaintsInDome2006 said:

10 hours ago, SaintsInDome2006 said:

WSJ: The Dow is headed for its worst April since 1932.

Also per WSJ - this us the worst S&P 500 performance post inauguration since 1928.

That seems bad.

[The Psychic Observer 494]

26 minutes ago, SaintsInDome2006 said:

Also per WSJ - this is the worst S&P 500 performance post inauguration since 1928.

It's also the worst month of April since 1932 which was the great depression.

It's almost impossible to be this incompetent that you wonder if it's sabotage.

[seafoam1 2,797]

18 minutes ago, The Psychic Observer said:

It's also the worst month of April since 1932 which was the great depression.

It's almost impossible to be this incompetent that you wonder if it's sabotage.

Another whiny liberal. 

These dopes are hurting so bad. And I love it. 

[Grace Under Pressure 69]

15 hours ago, Horseman said:

This thread is a microcosm of what is happening in the news cycle.  

THE DOW DROPPED 1000 POINTS!

(dow makes all that back and more the next couple weeks)

THE DOW DROPPED ANOTHER 1000 POINTS!!!!

(no it's the same 1000 points, you're actually still better off than the last time you hyperventilated about it)

Someone wake me up when it's really moving and not just period volatility.  

 

In what world, and when, did it "make all that back and more"? The S&P was at 5975 when this dope took office. It's now at 5250. That's a 12% haircut. It never "made that back and more". 

[Grace Under Pressure 69]

Guy takes the best economy in the world to the woodchipper, and gullible cultists think it's good because "fock the libs!". Grow up. 

[The Real timschochet 6,388]

3 minutes ago, Grace Under Pressure said:

Guy takes the best economy in the world to the woodchipper, and gullible cultists think it's good because "fock the libs!". Grow up. 

They’re not gullible. It’s far worse than that. They know what’s going on but they honestly believe that “Fock the libs” makes it all worth it. 

[Maximum Overkill 1,738]

3 minutes ago, The Real timschochet said:

They’re not gullible. It’s far worse than that. They know what’s going on but they honestly believe that “Fock the libs” makes it all worth it. 

This means nothing for people like us. The casual investor may panic, others understand the evenflow of the markets and how to navigate through it. 

There's absolutely nothing to panic about, Liberals are just looking for something to blame on Trump. 

[Grace Under Pressure 69]

14 minutes ago, Maximum Overkill said:

This means nothing for people like us. The casual investor may panic, others understand the evenflow of the markets and how to navigate through it. 

There's absolutely nothing to panic about, Liberals are just looking for something to blame on Trump. 

Right, because in the alternate MAGA universe it's probably Biden or Obama's fault. 

No one needs to "look for something to blame on Trump". He did this. Take accountability for once. It's not "liberals" at all. HTH. 

[shadrap 220]

5 minutes ago, Grace Under Pressure said:

Right, because in the alternate MAGA universe it's probably Biden or Obama's fault. 

No one needs to "look for something to blame on Trump". He did this. Take accountability for once. It's not "liberals" at all. HTH. 

Yes, Trump did this.  We have been taking it up the ass on tariffs for too long.  Trump is trying to fix that.  

[joneo 556]

Will Biden/Harris/Obama/Lenin/Stalin supporters praise Trump when the DOW goes above 50,000?

[Grace Under Pressure 69]

37 minutes ago, The Real timschochet said:

They’re not gullible. It’s far worse than that. They know what’s going on but they honestly believe that “Fock the libs” makes it all worth it. 

 

3 minutes ago, shadrap said:

Yes, Trump did this.  We have been taking it up the ass on tariffs for too long.  Trump is trying to fix that.  

Yes, they are gullible. Some aren't, sure. But there are plenty of those just regurgitating propaganda, like this. 

[joneo 556]

44 minutes ago, Grace Under Pressure said:

Guy takes the best economy in the world to the woodchipper, and gullible cultists think it's good because "fock the libs!". Grow up. 

Take a good look at the 10 year history of the stock market and explain away the huge dips during Biden's years. You are an expert of histrionics and not history of how the market works.