this post was submitted on 07 Apr 2025
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U.S. stocks were slammed for a third day on Monday as the White House remained defiant even after President Donald Trump’s rollout of shockingly high tariff rates on most key U.S. trading partners has caused a market meltdown.

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[–] dhork@lemmy.world 189 points 2 days ago* (last edited 2 days ago) (2 children)

"Can you believe these stock gurus are so woke? They are trying to make the markets identify as a bear. By Executive Order, I hereby designate that the US stock market is an eagle, forever soaring! Anyone who says the market is down will be shipped to El Salvador"

[–] nownownow@retrolemmy.com 71 points 2 days ago (1 children)
[–] dhork@lemmy.world 21 points 2 days ago (3 children)

I know, I should have misspelled some words or something

[–] Ioughttamow@fedia.io 23 points 2 days ago

Go into an unhinged tangent on how windmills are causing the jet stream to slow down

[–] billiam0202@lemmy.world 12 points 2 days ago

Needed more accordion hands. And it should have been one sentence with about ten different tangents.

Also orange.

[–] peregrin5@lemm.ee 11 points 2 days ago

That would have made it even more realistic.

[–] Litebit@lemmy.world 1 points 2 days ago

Americans eagle sound weak.. https://youtu.be/DeDcBQdAxnc

[–] Darkard@lemmy.world 44 points 2 days ago (1 children)

I've seen a few talking heads today desperately trotting out the "investing is a long term strategy" line and telling people not to sell or pull their money from their portfolios.

The statement is somewhat correct, but all they are after here is for a shmuck to hold the bag for them while the big players pull their tricks.

[–] BakerBagel@midwest.social 11 points 2 days ago (1 children)

Yeah, last time this happened the market and economy stayed weak, with only massive government spending on public works and job programs saving the economy from complete collapse.

[–] cthulhupunk0@lemmy.ml 2 points 22 hours ago

And we all know that ain't happening, given the current trajectory.

[–] exixx@lemmy.world 45 points 2 days ago (1 children)

Welcome to orange Monday, a new day of worsts early in the trumpcession

[–] QuarterSwede@lemmy.world 2 points 1 day ago

Doesn’t even make the top 5 worst stock days unfortunately.

[–] AbnormalHumanBeing@lemmy.abnormalbeings.space 42 points 2 days ago (3 children)

They are doing their best with the framing, but I do get the feeling - considering how futures had been trading before - this is going to be a dead cat bounce.

[–] Redditsux@lemmy.world 49 points 2 days ago (1 children)

It turned positive on some rumor of a pause in tariffs. Whitehouse denied it on CNBC and markets tanked again.

[–] crusa187@lemmy.ml 9 points 2 days ago

Interesting to note the same thing happened with CA/Mex tariff 1month pause, and after denying the rumor Trump did the pause anyway. IMHO that’s why today’s bounce had legs, algos uncertain if near history will repeat itself. It just might, careful how many puts you load up on out there traders!

[–] wise_pancake@lemmy.ca 18 points 2 days ago (1 children)

We’re an hour into the trading session.

Right now we’re all just pushing the stock price planchette — the bears and shorts all entered this morning with their trades queued up from the weekend.

Where we stop nobody knows, usually there are a few reversals through the day.

the bears and shorts all entered this morning with their trades queued up from the weekend.

Yupp, that's why it would be very fitting as a proper dead cat bounce from just the massive amount of shorting that had already been happening.

But you are also right - no one has a crystal ball here. Who knows where the volatile ride will stop.

[–] DaddleDew@lemmy.world 15 points 2 days ago (1 children)

There was a brief $200 spike that lasted 15 minutes and then went back down to where it was. Looks like someone with a lot of money made a bid to "buy the dip". Absolutely nothing to justify this headline.

Yupp, seems that they quickly changed it back, too, lol.

[–] Buelldozer@lemmy.today 26 points 2 days ago (1 children)
[–] mrmanager@lemmy.today 1 points 23 hours ago

It looked good today, until it didnt....

[–] DaddleDew@lemmy.world 29 points 2 days ago (1 children)

Trump right now "Trust me, I know what I'm doing! Things will get better soon it will be worth it! I promise!".

Says the compulsive liar who bankrupted 4 casinos, repeatedly stiffs his business partners and only began making real money in corruption schemes.

[–] Litebit@lemmy.world 3 points 2 days ago

by better, he means bankrupt.

[–] Litebit@lemmy.world 22 points 2 days ago (1 children)
[–] crusa187@lemmy.ml 21 points 2 days ago

My head cannon says 10%, but I just looked it up for not knowing and it turns out there are 3 circuit breaker levels on intraday: 7%, 13%, and 20%. TIL

[–] techt@lemmy.world 21 points 2 days ago

Republican tariff market collapse.

[–] Allonzee@lemmy.world 13 points 2 days ago* (last edited 2 days ago) (2 children)

It's a shame we don't have a competent left in the US. This is an opportunity.

As Republican voters have been turned into easily deluded suckers unable to think critically or act in their own interests, now would be the perfect time to capitalize on that and turn them against the core rot of our society: unrestrained capitalism. That's why we have Trump to begin with.

"Look, the capital markets are anti MAGA! The capital markets must be destroyed, if you disagree you have Trump derangement syndrome! Capitalism is revealed as a woke leftist plot to discredit GodEmperorDaddyTrump!"

The capitalists defunded education for decades to cut their own taxes despite profiting from a literate workforce pool, and pushed profit friendly lies through for profit media and captured government pulpits. The capitalists made this drooling army of rage zombies that is the Republican base. They don't know which way is up. They might not be doing it for the right reasons, but this is a magic moment where the monsters could be given a nudge to turn on their oligarch creators.

[–] fluffykittycat@slrpnk.net 15 points 2 days ago (2 children)

The left in this country has been violently suppressed for decades and still is

[–] HK65@sopuli.xyz 2 points 1 day ago

Not just in the US

[–] gndagreborn@lemmy.world 1 points 2 days ago* (last edited 2 days ago)

Left over scars from the red scare movement, which really sucks.

[–] crusa187@lemmy.ml 4 points 2 days ago

Surely it’s a better strategy to simply do nothing but more insider trading over the next 3 years. That’s the key, we will win!

[–] NocturnalMorning@lemmy.world 11 points 2 days ago (1 children)

And Trump is doubling down on the tariffs. Looks like it's gonna be a fun year.

[–] ijedi1234@sh.itjust.works 3 points 2 days ago

This year's season of America is shaping up to have all sorts of plot twists. I wonder when writers will write an episode or two for the NATO plotline?

[–] Ghostalmedia@lemmy.world 7 points 2 days ago* (last edited 2 days ago) (3 children)

Today is shaking up to be volatile as fuck. Now it’s up 200.

Edit: looks like the story has also been updated to say things are positive.

Edit 2: and now down a shitload again. Yup, volatile as fuck.

[–] DaddleDew@lemmy.world 10 points 2 days ago (1 children)

It just went back down $200. This spike lasted 15 minutes.

[–] QuarterSwede@lemmy.world 1 points 1 day ago

Pump and dump baby!

[–] Redditsux@lemmy.world 7 points 2 days ago (1 children)
[–] Ghostalmedia@lemmy.world 1 points 2 days ago

Yeah, that was my point. It’s volatile AF. Erratic swings up and down by thousands is not a healthy sign.

[–] Nougat@fedia.io 5 points 2 days ago

Day ain't over.

[–] BrokenGlepnir@lemmy.world 5 points 2 days ago (1 children)

I was about to say the dow looks like a falling knife, but checking in on it after opening, it looks like it's having a seizure.

[–] Blaster_M@lemmy.world 2 points 2 days ago

funny gmod impact noises

[–] WhatSay@slrpnk.net 4 points 2 days ago (1 children)

Any day that's not a free fall, is a good day

[–] Ghostalmedia@lemmy.world 4 points 2 days ago

Got it. Today is bad.

[–] Gates9@sh.itjust.works 0 points 2 days ago