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Title: Wall Street stocks drop like a stone... wiping trillions off the value of 401(K)s in minutes
Source: [None]
URL Source: https://www.dailymail.co.uk/yourmon ... ons-value-401-K-s-minutes.html
Published: Apr 3, 2025
Author: Horse
Post Date: 2025-04-03 08:04:13 by Horse
Keywords: None
Views: 528
Comments: 12

US stocks plunged in after-hours trading after President Donald Trump announced broad tariffs starting at 10 percent — with much higher rates for certain countries.

Within minutes of Trump's announcement, futures tracking America's flagship S&P 500 fell two per cent, while the Nasdaq dropped three per cent — the kind of falls not seen since the start of the pandemic.

The sharp selloff followed Trump's fiery remarks, in which he accused foreign nations of 'ripping off' the United States and vowed to impose tariffs on imports across the globe. The tariffs were higher than expected.

Wall Street fears the move will stifle economic growth, drive up inflation and further rattle global stock markets when trading resumes in Asia and Europe on Thursday.

Most Americans' retirement savings, including 401(K)s, are tied to stock market performance. They are invested in shares and funds that track the major indices.

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#1. To: Horse, 4um (#0) (Edited)

The market open is gonna be wild. Everything is red worldwide. It's like the money is just disappearing.

It'd be a good day to buy.

(Edit) I get the impression that everybody is cutting off their dicqs to try and spite Trump.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2025-04-03   9:26:04 ET  Reply   Trace   Private Reply  


#2. To: Esso (#1)

(Edit) I get the impression that everybody is cutting off their dicqs to try and spite Trump.

Isn't that left's goal a dicqless world?

ghostrider  posted on  2025-04-03   9:58:03 ET  Reply   Trace   Private Reply  


#3. To: ghostrider (#2)

Isn't that left's goal a dicqless world?

Yeah, I suppose, and the EuroTrash seems quite adept at that of late and the West in general.

If it wasn't for little Pacman, Dr. Kimmy wouldn't have much use for me. She certainly doesn't need my money, keep me around for my looks or sunny disposition which is that of an angry honey badger.

I guess I should gear up and get to the stores and start getting ready for the weekend. I better clean up the joint a little or I'll get accused of trying to start my own hospital again.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2025-04-03   10:31:56 ET  Reply   Trace   Private Reply  


#4. To: Esso (#3)

I joined a support group for hypochondriacs, the hardest part is admitting you don't have a problem.

ghostrider  posted on  2025-04-03   14:01:42 ET  Reply   Trace   Private Reply  


#5. To: ghostrider (#4)

One of my buddies at the grocery store asked me how I'm doing.

I told him like my house; old, ugly and falling apart.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2025-04-03   14:04:18 ET  Reply   Trace   Private Reply  


#6. To: ghostrider, Esso, Dakmar (#2)

I posted a chart of gold vs the SP 500 which showed gold doing well. Gold and silver miners should catch up as well. Not a time to buy stocks, especially if there is a war against Iran, which we will lose. Gold is not a dollar denominated asset as would an American automaker or grocery store chain would be. (They are paid in dollars by their customers.)

Our trade deficit is nearly a trillion dollars a year.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2025-04-03   17:59:01 ET  Reply   Trace   Private Reply  


#7. To: Horse, 4um, Dakmar (#6) (Edited)

Gold was about $100 down this morning, it's showing up ~$12 now.

It looks like I lost about $42k today in my brokerage and IRA accounts. 25% brokerage, 75% IRA.

PM (I think Philip Morris) was up about 10% and some other stocks I don't know what they are, I think foreign. My accounts are self- directed, but with mergers and acquisitions and whatnot, the symbols change all the time. Philip Morris used to be "MO".

I never look at that shit, I can't afford to sell anything, the taxes would eviscerate me. I just live off the dividends.

This seems to be some weird Pavlovian response to Trump's tariffs that is making people chop off their dicqs to hurt Trump. I'll bet y'all dollars for donuts I'll be up by next Friday.

Why do you suppose Laos and Myanmar can tariff the US at almost 100% and all the sudden a HALF tariff against them is the end of the world? Who the fuck are they? When's the last time you bought something from Laos or Myanmar? Frozen seafood if I wasn't paying attention, maybe.

I bought a bunch of Vietnamese construction screws at Menards more than a decade ago... "Vietnam? Huh. The 58,229 fellas that died over there makes this all worth while."

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2025-04-03   19:47:42 ET  Reply   Trace   Private Reply  


#8. To: Esso (#7)

Vietnam refersed their tariffs. NIKE has 130 plants in Vietnam making their shoes and clothes.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2025-04-03   20:53:23 ET  Reply   Trace   Private Reply  


#9. To: Horse, noone2222, Kimmy, 4um (#8)

Vietnam re[v]ersed their tariffs.

I'm thinking most of the guys with PTSD from the 'Nam aren't as well off as I am from the Beirut party in 1983.

The version with Toby Keith when he was dying of cancer (white shirt)

Luke Combs singing about going to Vietnam even though the war was over before he was born. He wasn't stealing valor, he was telling a story for those that can't...

Then I got recruited out of college because I could supposedly read people's minds and drifted away from Kimmy...

43 years apart and her life went Tango-Uniform (tits-up) and she found me through medical records (Not in violation of HIPPA, I had to sign so many releases after the accident in 2013, my tax-babe could see them).

For Kimmy...

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2025-04-03   21:52:28 ET  Reply   Trace   Private Reply  


#10. To: All (#9) (Edited)

I should get squared away and spend a day with Doc at her joint up north in the middle of the week before she gets to itchy and bangs one of her Chippendale pharmaceutical reps.

Kim's as hot at 61 as she was at 15. She's got that sultry Slav thing going on not much unlike Melania Trump.

(Edit) In a smaller package, Melania is 5'11" (my height), Doc is 5'4".

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2025-04-03   22:41:28 ET  Reply   Trace   Private Reply  


#11. To: Esso (#9)

I'm thinking most of the guys with PTSD from the 'Nam aren't as well off as I am from the Beirut party in 1983.

I'm thinking that PTSD is almost an invisible killer hiding inside of the mind of pissed off ex-military vets. Guys that weren't wounded by the so-called enemy but by the betrayal of Uncle Sam. Maybe it's immature to believe that your country and its government are good. It's hard to explain how a simple patriotic kid from the Midwest becomes disenchanted with those he was taught to trust and the flag he pledged allegiance to before discovering things just ain't what we were taught.

Side Note: Just returned from a visit with my daughter's family out west. All I can say about that is life is too short !

Hang tough buddy ! Tell Kim I'm up to 55 MPH these days ! hahaha !

"Yes. I believe the CIA was involved.It's a whole different country than we thought it was. It's all fake."

noone2222  posted on  2025-04-28   4:51:38 ET  Reply   Trace   Private Reply  


#12. To: noone2222 (#11)

Tell Kim I'm up to 55 MPH these days !

Doc rolled out a couple hours ago, but I'll let her know when she calls tonight.

Got some bad news from my neighbor Saturday afternoon when he was over cutting the lawn. His wife's liver is shutting down and she's jaundiced from the cancer. When I told Kimmy about it, she told me, "We better get you a new shirt ordered for the funeral, you'll need it soon, probably this week or the next."

I was just outside having a smoke and saw them and their son leaving for school, she's not looking good. If Chris was going with them, they've got an outpatient appointment today.

I think I got through 2024 with no funerals. The way this year is shaping up, it's looking like I might be in line for another Most Valuable Customer Award from 1800Flowers.com again.

Hang tough buddy !

Copy that, Doug. It's kind of a binary choice, giving up isn't my style. Good to hear from you, man.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2025-04-28   8:00:24 ET  Reply   Trace   Private Reply  


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