The Dow Jones Industrial average lost almost 1,000 points over the last five days to its current ominous level this morning at about 41,000. For perspective, the Dow was at 19,173 as of March 20,2020 at the bottom of the seven-week pre-covid crash that saw a loss of 9,000 points. Once the pandemic shutdowns took effect, the Dow actually rallied over the next four months to gain all that loss back and reach a new all-time high of 35,000 in August, 2020, damned close to doubling during the sharpest decline of economic activity in history.

What a good indicator! It tells you what investors think The Market is going to do.

With the current Dow number at 41,000, it is double what it was when the real-life economic downturn started to put people out of work and having to sleep on the pavement. Looks like investors saw that the markets would be protected by fiat money during the Depression that is so troublesome to mere citizens of this Brave New World.
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1,000 points down, and Trump sucks. So what else is new?

Link: https://mailchi.mp/workersstrikeback/wa-democrats-brutal-budget?e=7c5aca...

That was scary.

@humphrey

https://www.cnbc.com/2025/03/10/stock-market-today-live-updates.html

Stocks fell on Tuesday after President Donald Trump placed additional tariffs on Canadian steel and aluminum coming into the U.S., rekindling a market rout that’s put the S&P 500 on the cusp of a correction.

The Dow Jones Industrial Average
lost 700 points, or 1.7%, its fifth decline of more than 400 points in March. The S&P 500 dropped 1.5%, bringing its decline from an all-time high reached in February to 10%. The Nasdaq Composite was trading 1.2% lower, extending further into correction territory. The tech-heavy index, which has seen the brunt of the selling over the last three weeks, is 14% off its high.

The S&P 500 was briefly in the green at one point during the trading session before Trump declared on Truth Social that Canadian steel and aluminum duties would double to 50% from 25%, effective Wednesday. This is the latest in a series of disorderly trade policy moves that have stoked fears of tipping the U.S. economy into a recession.

On Monday, the Nasdaq saw its worst day since September 2022, dropping 4%. The 30-stock Dow lost nearly 900 points. Citigroup this week lowered its rating on U.S. stocks to neutral from overweight, pointing to a “pause in U.S. exceptionalism” as the reason.

go wrong?

The Kobeissi Letter @KobeissiLetter

WOW.

Canada has threatened to SHUT OFF electricity to part of the US after Trump raised tariffs to 50% on aluminum and steel.

In response, Trump says Canada "will pay a financial price so big that it will be read about in History Books."

Buckle up.

@The Liberal Moonbat
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they even warned us about licking an envelope
the propaganda penetration was almost complete
fortunately, didn't buy into the vaxx solution
but do see the effects on those who succumbed
(and continue to "be safe") Try Ashwagandha instead..
Ancient Indian remedy for anxiety.

...and yet, there never seems to be any reliably observable causal relationship between it and anything actually changing.

If only to prove I'm not impossible to satisfy, needless mass-ruination caused by Lockdown would be a good counterexample of a major economic event that DID have directly-observable and lasting effects.