March 6, 2025
I have never been a great predictor for stocks, but even I must say that my conclusions of what’s happening in todays US Stock Market has been nothing less ‘right on’. Yes, I deserve to pat myself on the back at times, and for the last 6 weeks I’ve been more right than wrong.
So again, at the beginning of the day, the Dow Jones Industrial Average dropped by 400 points, by just looking at what happened throughout the night in Europe. And I was hopeful that the market would really pick up. Early in the morning, it picked up most of the value it had but then something happened, which I will detail later when I know what happened.
But in its present course, the market will end the day of more than 400 points lost. Just one more day to go and the week of trading will be over and the country will know that what I have been saying all this time is actually what is happening. Investments, savings, and so much more is being lost by investors, who only want the markets to do better so that they can do better, so that their companies and portfolios can grow.
Unfortunately, that’s not what’s on Donald Trump’s mind. Sometimes you wonder what the heck is on his mind. The markets have now officially closed. The DOW lost another 1% of it’s value. The closing figure is 42,579.08. I can report what I have been seeing each and every day. What is interesting and especially evident at the end of a trading day, if the markets are doing well throughout the day, there will be a spike at the very end before closing. Likewise, if the markets are doing bad, and as of this minute in time, the stock market values of DOW will drop.
So what’s the fallout for today. For the Dow, it spiraled down another 516 points or 1.2% after falling 600 points earlier today. and other major markets, the NASDAQ and S&P500 both fell.
Obviously Donald Trump was aware of the stock market drops today. So what does he do? Our weak president now put on the brakes to Mexico tariffs and Canada Tariffs. But it’s a little to late for that. Canada is already dealing with new trading partners and Mexico said that Trump had until tomorrow before they would decide the tariffs they were going to put on the U.S.
Trump caved, just like he always does. The leaders of other countries now know what he’s going to do. They will always be one step ahead of him to keep him in check. This morning he stopped tariffs from those two countries on just the products the auto makers need to make cars in this country. After his not so teriffic speech to the joint session of Congress, the big three auto makers in the United States gave Trump an ear full. So he backed down, just like the coward he is and always has been. But to keep chaos on track, he now moved the next tariff implement date to April 2nd. Now that’s just great Donald Trump. Right before tax day, just when everyone has to dip in their savings in some cases just like me to pay their taxes. He thinks that will help the stock market and his rich buddies who invest in it. Maybe he’s right, but all indications say that the markets will continue to be very volitile until he elliminates them all together. When April 2nd comes around and Trump lets the tariffs kick in again, prices are going to soar in this country.
Don’t get me wrong, I’m glad that he did remove the tariffs, but it shouldn’t have taken the auto makers to complain or the stock markets to plummit before he would listen to reason. So you may ask if I think Trump is a reasonable man, and of course I would say NO. He doesn’t know what ‘stands to reason’ means.
What’s his first 100 days so far look like. Well that’s a story for another day, but so far, it’s going to be pretty bad. Maybe the people will wake up. Maybe the Repubicans and my friends will wake up and admit that Trump is no good for our economy, after he ran on saying he was going to do so much to bring down prices. Did he say that the country will have to experience some “pain” first before things get better?
Where are we when it comes to “NO TAXES ON TIPS”? Where are we now about when Trump claimed that Social Security Taxes should be eliminated? I can tell you at this moment, Trump is nowhere on those topics. Congress hasn’t a clue on what they want to do. The one thing he kept his promise on was that America will ‘feel PAIN’ before things get better. Did Trump ever say that he was going to gut all the Federal programs and furlow so many Federal workers, gut Medicade and Medicare, which is what he plans to do next? He has the Republican votes to do just that in Congress in the near future, but will they wake up in time like John McCain did during the vote on Obamacare to save Medicade and Medicare? That would free up tons of money that he can use to be able to give a tax break to the rich. Then it’s Social Security on the block. Will it end? Hopefully it will end before everyone looses everything and he completely destroys our country.