U.S. Stock Market Rebounds On Report Of Trade Talks With China
Last edited Mon Mar 26, 2018, 05:14 PM - Edit history (1)
Source: NPR
Major U.S. stock indexes were up about 2 percent Monday morning after The Wall Street Journal reported that the U.S. and China have "quietly started negotiating" to improve U.S. access to Chinese markets. U.S. Treasury Secretary Steven Mnuchin is considering a trip to Beijing for negotiations, the newspaper said.
As of 10 a.m., the Dow Jones industrial average was up 468 points, or 2 percent, to 24001.23. The S&P 500 index was up 47 points, or 1.8 percent, and the Nasdaq rose 140 points, or 2 percent
Last Thursday and Friday, the Dow lost more than a total of 1,100 points amid increasing signs of a looming trade war between the two major trading partners.
Read more: https://www.npr.org/sections/thetwo-way/2018/03/26/596983086/u-s-stock-market-rebounds-on-report-of-trade-talks-with-china
In this episode of "Is the President smarter than a 5th grader" the President of the US gaslights himself and destabilizes the world trading system so that he can send the criminal Mnuchin on a trip to get out negotiated and then come back and proclaim a great victory for making America even greater than when his grandfather ather owned the only brothel during the Yukon Gold Rush.
atreides1
(16,046 posts)It was Trump's grandfather who was the brothel keeper, not his father!
Bernardo de La Paz
(48,786 posts)Brothel was how the tRumps got their initial big stake. Trump's father was the genius businessman, but even then he had to break the law to make his money: He and his son DJT had to sign two (2) consent decrees in the 1970s to stop racist discrimination in their rental housing in New York City; two because they broke the first one.
If tRump had taken the $200 million his father left him and invested it in the S&P 500, he would be a bit richer and have no debt today.
https://www.nytimes.com/2016/08/28/us/politics/donald-trump-housing-race.html
Fred C. Trump with his son Donald visiting a tenant in one of their apartment buildings in Brooklyn in January 1973. Credit Barton Silverman/The New York Times:
grantcart
(53,061 posts)Turbineguy
(37,206 posts)trump did not start WW3 while watching 60 minutes last night.
IronLionZion
(45,256 posts)How did he avoid competition?
grantcart
(53,061 posts)DFW
(54,050 posts)I only own two stocks where it would make a difference, and I haven't bought or sold anything in many years. Ever since the idiots at that Republican outfit sold off my Apple stock at about $1.6 million less than my original 500 shares (after all the splits, they would have been 14000 shares now) would have been worth today, I told them not to touch ANYTHING ever again.
Even after taxes, I would have had about a million bucks, and while I don't know what I would do if a million dollars suddenly landed in my lap, I know for sure, I would have found something better to do than miss them as they disappeared in a puff of smoke!
So now, I just look in on occasion to see what condition my condition is in. Remind me to get excited one way or the other when I retire. For now, it's too much to want to pay the taxes on it, and not enough to retire on. Spectator sport. Let the Wall Street types get high blood pressure over it. I'm done with that part.
IronLionZion
(45,256 posts)just stick with broadly diversified index funds like S&P500. Set up a well balanced portfolio once and check on it to rebalance maybe twice a year or so. Use dollar cost averaging to put the same amount of dollars in no matter what the market is doing. Maybe gradually shift some money from stocks to bonds as you get closer retirement. Do this and you'll be fine for retirement.
Do not bother with the daily ups and downs of the market or you might die sooner.