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commander@lemmy.world to Investing@lemmy.worldEnglish · 2 months ago

Dow plunges 2,000 as sell-off for markets slams into a scarier gear following Trump's tariffs

apnews.com

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Dow plunges 2,000 as sell-off for markets slams into a scarier gear following Trump's tariffs

apnews.com

commander@lemmy.world to Investing@lemmy.worldEnglish · 2 months ago
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  • wallstreetbets@lemmy.world
  • worldnews@lemmit.online
  • world@lemmy.world
Markets plunge with S&P 500 down 6% and Dow down 2,200 after China retaliates against Trump tariffs
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Wall Street’s worst crisis since COVID slammed into a higher gear. The S&P 500 plummeted 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%.
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  • SatansMaggotyCumFart@lemmy.world
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    2 months ago

    So far!

  • PhilipTheBucket@ponder.cat
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    2 months ago

    I think it’s moderately likely that Trump will soon be explaining on TV that a lot of people don’t know this, but tariffs actually aren’t a tax on the other country, they’re paid by people in the US. So they actually don’t work the way that a lot of people think they do.

  • SadSadSatellite @lemmy.dbzer0.com
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    2 months ago

    So, do I liquidate now? Or wait it out? Sell everything and buy it back in two weeks?

    • thessnake03@lemmy.world
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      2 months ago

      Buy the dip! It’s all on sale!

    • hark@lemmy.world
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      2 months ago

      The second you liquidate is the second it turns around with a massive green candle.

    • Darrell_Winfield@lemmy.world
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      2 months ago

      If you haven’t sold yet and aren’t retiring in the next 5 years, hold. Good buying opportunity.

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