Category: Dow Jones

The DOW Continues On Its Rocky Ride

March 11, 2025

Early Tuesday, the Dow Jones Industrial Average fell 1%, or more than 400 points, while the S&P 500 dropped 0.7%. The tech-heavy Nasdaq composite moved 0.4% lower in morning trades. At the end of the trading day, the markets ending another negative day with a loss of more than 478 points.

Just after the market open Tuesday, President Trump ordered an additional 25%-50% tariff on all steel and aluminum coming into the U.S. from Canada. The tariffs will go into effect tomorrow morning – March 12, 2025, according to President Trump’s post on Truth Social. That only means one thing. Reciprocal tariffs will be issued against the United States from Canada. There is no true winner here. Especially not investors or every day folks that go to work each day, work hard for their earnings and then come home and read the headlines, with Donald Trump in the news leading the way for markets to decline.

So who’s going to be a winner here? Truthfully not every day people, and unless you have the funds and the stomach to wade through the crazy markets, you will loose money. Is this the pain that Donald Trump wants us to feel? Is this what is right for America, especially right before a possible government shutdown on Friday. Hopefully the government shutdown can be averted.

There has been some hopeful days this month, but there is what is called the ‘fears index’, which just implies the volatility based on the options market and it has been getting higher each day, some of the highest levels experienced in months. This can be a signal as this gets excessive that the bottom is close by, but the warning is that the index can get a lot higher before it starts to come down.

At market close on Tuesday, there was still a sell-off as the DOW dropped another 478 points, a 1.14% drop, now at 41,433.48.

The S&P dropped .76% while the Nasdaq dropped .18%. It’s a little slower than for the previous days, but there still is a continuous drop that will effect or economy, kill jobs, a create higher costs. Trump believes that this will be temporary, but all indications from the people in-the-know say that this type of pain can last a long time. In just 50 days, Trump has hurt the economy as to just about push it off of a cliff and now in a free-fall. Trump believes that he has complete control of it. At the click of his fingers, he believes that the economy will be fixed, and that tariff prices will be stopped. There is nothing to explain it better than being in free-fall. For the last two weeks, especially since Trump originally initiated the 20% tariffs against Canada and Mexico, the markets have been so volatile that it’s getting hard to determine now how far it may go. The Dow slid nearly 500 points Tuesday after Trump announced and then walked back new tariffs on Canadian steel and aluminum, amid ongoing economic uncertainty — after closing 890 points down Monday. Canada has vowed to retaliate with tariffs of their own, and went as far as they may decide to cut electrical power off from 3 northern states if Trump continues his tariffs against Canada that receive hydro-electric power generated in Canada. As expected, Trump pulled back, now blaming his Commerce Secretary Howard Lutnick for all the chaos that he’s causing with announced tariffs.

In a response to reciprocal tariffs from Canada, Trump says he will more than double the tariffs from 20% to 45%. The citizens of the United States are in for a shock. If this all plays out for the worst, Tuesday will be a preview doomsday event.

I will be following the stocks pretty intently tomorrow, and report it as things happen, so there should be several updates throughout the day tomorrow.

Trump Continues to Destroy America

March 11, 2025

Never in a million years would I think that the United States would subject its people to a catastrophic event that is preventable. What president in his right mind would do such a thing?

The answer is no president, except Donald Trump.

He’s wanted to happen exactly what is happening. Chaos. He wants to declare emergencies just so that he can legally do what he wants to do, and that is to declare an emergency so that he can expand his tariffs legally, without the blessing of the United States Congress.

Keep in mind that what he is doing has been totally illegal up to this point, because the PRESIDENT OF THE UNITED STATES DOES NOT LEGALLY HAVE THE POWER TO INSTITUTE TARIFFS ON HIS OWN UNLESS THERE IS AN EMERGENCY. ONLY CONGRESS CAN GRANT THE PRESIDENT OF THE UNITED STATES THOSE POWERS. So Trump is creating his own emergency, affecting all Americans, so now he will continue to threaten Canada.

This morning at 9:15AM ET, Trump published the following Tweet on Truth Social…

Based on Ontario, Canada, placing a 25% Tariff on “Electricity” coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD. This will go into effect TOMORROW MORNING, March 12th. Also, Canada must immediately drop their Anti-American Farmer Tariff of 250% to 390% on various U.S. dairy products, which has long been considered outrageous. I will shortly be declaring a National Emergency on Electricity within the threatened area. This will allow the U.S. to quickly do what has to be done to alleviate this abusive threat from Canada. If other egregious, long time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada. Those cars can easily be made in the USA! Also, Canada pays very little for National Security, relying on the United States for military protection. We are subsidizing Canada to the tune of more than 200 Billion Dollars a year. WHY???? This cannot continue. The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make all Tariffs, and everything else, totally disappear. Canadians’ taxes will be very substantially reduced, they will be more secure, militarily and otherwise, than ever before, there would no longer be a Northern Border problem, and the greatest and most powerful nation in the World will be bigger, better and stronger than ever – And Canada will be a big part of that. The artificial line of separation drawn many years ago will finally disappear, and we will have the safest and most beautiful Nation anywhere in the World – And your brilliant anthem “O Canada, “ will continue to play, but now representing a GREAT and POWERFUL StATE within the greatest Nation that the World has ever seen!

I can continue to criticize Donald Trump. I can continue to report what the world is experiencing with this lunatic. And I will. But everyone within this country of the United States of America now can clearly see what Trump’s goals are here. Everything Trump is doing has to do with a takeover of Canada, making it our 51st state. This is totally outrageous. Canada will not relinquish its freedom without a war. Trump has in effect announced a war on Canada. It is more than a trade war. It is quickly escalating into something that by ANY other president, would have never happened. Has he been coordinating this planned takeover with Russia? I can argue that he is. Putin is watching. He is watching our economy fall over a cliff, which is the biggest WIN Putin has ever had fall into his lap, thanks to our president and convicted felon, Donald J. Trump.

The markets are CRASHING, just as expected, down by another 500 points. The NASDAQ and S&P500 are crashing. A recession is on the way.  Unfortunately, this is just the beginning of the story. But there is no sense now even trying to report what is happening in real time. The causes of our PAIN that we must bear is known. What is still not known is the ACTUAL effect of the pain caused by one callous man, bent on destroying America. I will continue to report stock market updates, but it’s not going to be pretty.

The Stock Market Continues to Struggle – Week of March 10, 2025

March 9, 2025

Well, we now know what to expect with the stock futures starting tomorrow. Stocks will continue to fall heading towards what most economists claim will spur a recession if not turned around. But at least one person in Washington, Donald Trump, doesn’t care what happens. He is such a big loser, and has lost millions in his lifetime, he can only get numb, but he’s not broke, not like many of us regular folks, thanks to the man who what going to fix the economy.

Last week, the Dow Jones industrial Average fell 2.4% in trading. The S&P 500 index lost 3.1%, the Nasdaq composite plunged 3.45% and the small-cap Russel 2000 sold off 4.05%, both hitting five-month lows.

The futures will be down tonight going into tomorrow because the European exchanges always seem to reflect what’s going to happen in the U.S., as their markets open and close first each day. With clocks advancing 1 hour ahead as they did 2:00AM this morning, UTC is now just 5 hours ahead of CT instead of 6. Today, Commerce Secretary Howard Lutnick said that he expects 25% tariffs on steel and aluminum to go into effect as scheduled this Wednesday, prior to a slew of tariffs scheduled to be enacted on April 2.

At the moment, the Dow Jones futures are not looking good for Monday March 10th. So far, the DOW will appear to open at least down .5%, with the S&P500 futures down by .6%, with the Nasdaq 100 down by .7%. I will make a prediction prior to opening of the DOW just before the markets close in Europe in the morning.

Trump’s right hand man in crime, Elon Musk hasn’t had a great week. Two major things have happened to Musk. One of his space rockets blew up after takeoff and fell down to earth in a show that looked like a big fireworks display. The second major thing is Musk’s stock on Tesla.

The Tesla stock (TSLA) dives 10.35% to 262.67, in its seventh straight weekly loss. Ever since Musk teamed up with Trump, he has lost millions in a very short period of time. Thanks to Donald Trump and his tariffs on Canada, our northern neighbor has just slapped a 100% tariff on Tesla, so it don’t look like Musk will be selling many of his electric cars in Canada any time soon. As I have been explaining to my readers, tariffs effect the purchaser of the product being tariffed.

So Trump’s Tesla that may normally cost $50 thousand dollars now costs Canadians $100,000.

Talk about shoot themselves in the foot, this is a prime example of it Way to go Donald Trump and Elon Musk!    

THE FREE-FALL CONTINUES!!!

Trump Continues to Push Agony on Investors – More tariffs on the Way

March 8, 2025

Yesterday, I watched the stock markets intentely during the opening bell and at closing. There were millions of dollars changing hands, and the brokers seemed not to know whether to buy or to sell.

The markets seem so volatile. And yes it was. Why? Mainly because of Donald Trump’s tariff threats. Just before closing 2 nights ago, Donald Trump halted tariffs on Canada and Mexico, because I believe he finally saw the writing on the wall.

According to J.P. Morgan the following is very true…

If you know what to do in times like this, then you can survive. First, you must remain focused on ensuring your portfolio withstands uncertainties without derailing your near-term needs and long-term goals. A resilient portfolio is properly diversified and tailored to your long-term plan.

Friday at the final bell, the DOW closed at 42,801.72, which was a .52% increase in volume. That was a win. The DOW gained 222.64 points today. It opened at 42,503.07.

The stock market in general has had a pretty dismal performance in the last 3 months, but for the year, it is bearly hanging in the green with just a .61% gain from Dec 31, 2024. During the entire year of 2024, the markets were in the green at 10.53% from the previous year. So far, compared to 2024, this year is just a disaster. And it’s not even the end of the first quarter of trading for the year.

Trump finally cancelled his tarrifs on Canada and Mexico at least for a month until April 2, which was responsible for the slight gains today in the DOW. If he would stay away from taraffs and let the markets recover, the markets will stop spirling and inflation will ease.

But unfortunatey, that is not what Trump plans to do. He is an absolute sicko. When he found out that his 25% tariffs were going to tank the U.S. economy, now he has decided to go another route. His main goal seems to be to inflict “pain” on the American people.

He is ‘hell-bent’ on punishing Canada, our closest neighbor and friend. God only knows why. No other president, Democrat or Republican would be so foolish than to threaten neighboring countries with tariffs. So after just a single day of recoup of the DOW that ended in a positive note today, he has decide now to put new tariffs on Canada, now aiming a 250% on dairy products with Canada, which he claims is a reciprical tax on what Canada has been doing with exports to the U.S. regarding dairy products.

Out of the 5 trading days each week, this week there were just 2 days of uptick results but 3 days with a nose-dive in results with the DOW.

So what’s coming regarding tariffs now?

In a YouTube video, Trump again blamed the prior administration for dairy product tariffs, which he claimed under his watch during his first term. A single day doesn’t go by where he doesn’t try to justify why he initiates tariffs. If it isn’t for the country he blames, he blames Biden.

He claims because of the tariff, it is impossible to sell dairy products along with lumber into Canada. He stated that Canada has been…

“ripping us off for years on tariffs for lumber and dairy products.”

He claims that…

“Canada will be met with the exact same tariff unless they drop it. That’s what reciprical means, and we may do it as early as today or we will wait until Monday or Tuesday, but that’s what we are going to do. It’s not fair, and never has been fair. “

His reciprical tariff on Canada – 250%.

It seems that every hour Trump threatens with a new tariff, or holds back or delays. He’s now also threatening to tariff steel and aluminum imports next week.

So how are the markets going to handle that? It doesn’t take a rocket scientist on what’s about to happen. Well, the markets won’t be stable enough next week to handle Trumps latest tariff threat.   Now that Donald Trump couldn’t keep his upcoming tariff plans under a hat, the investors will have a field day with trading next week, and there will be more devestating losses throughout the week. But mark my words here. Trump is weak and is a coward. He will cave again when he sees where the markets are heading next week.

In April, there are tariffs that loom from the European Union, on autos and reciprical tariffs. Then later on this year, there will be tariffs on copper, timber, lumber and semiconductors. Not to mention the tariffs that were threatened today on dairy products from Canada. 

So there is so much uncertainty in trade policy at the moment, and the Trade Policy Uncertainty Index is going through the roof at the moment. It started to go crazy during his first term, and now again in 2025, more than ever. The markets don’t have a chance in hell to stablize and there will be no time in the near future where people can SAFELY invest in the markets. If you are a risk taker, there will be lots of risks you can take, but many more that you shouldn’t. For the normal investor if you bank your returns on the U.S. stock market from day to day, it is not a good bet to go that route.

So the downturn will continue in the markets next week. I’ll post a report on the Dow futures on Sunday Evening, and we can get a glimpse before the opening bell on Monday on how the markets will begin with trading which should be very volitile for the next week.

Trump will make concessions, like the weak man he is, that’s after people will loose millions thanks to his tariff policies. Then, he will just initiate another tariff, because he is very good at what he does best, and that is to inflick “pain” on the American people.

Again, I ask my Republican friends. What do you think now of Trump in his ability to save the economy. Friends, it’s cratering, and sooner than later we may be in recession territory. You will know when that time comes. The news folks will be talking all about it. But by then, it just may be too late.

Canada, Mexico, China, Japan, and the European Union are not waiting for Trump to change. They know that global trade must go on, with or without the United States, and they will trade without America if they have to.

Stock Market Update and Trump Tariffs

March 6, 2025

All the gains made by the stock market yesterday are gone, and market trading for the day is only half over.

Yesterday the DOW gained about 500 points, but immediately after the opening bell this morning, the DOW fell 400 points, because the European markets were falling throughout the night. There was a bit of reprieve around 10 AM and it looked like the losses were being made up around 1:30PM ET, but just short of the even high mark from yesterday, the DOW spiked downward again. It dropped down to 42,398 which is the worst mark of the day. But again, it is rebounding but indicators show that it will continue to drop more than rise. Soon the world will look at the United States as NOT the richist country in the world, as they already no longer admire us. Thank you President Trump!

All of this is unfortunate. People are loosing millions of dollars in stocks alone, as Donald Trump claims that we need to feel a little pain. Maybe a million dollars here and there is nothing for Trump or Musk, but it means someone’s entire life savings to the rest of us.

Years ago, I invested heavily in stock, and I lost my butt. I will never recover from that, as it was the majority of my retirement savings. It hurts me to see that what is actually happening is chaos created by one man and his selfishness, and his ignorance to leave what was actually working before, to just leave it alone. He is making the entire country experience what I had to. I know the feeling of loss. It never went away. The financial crisis of 2008 is nothing compared to what is about to happen if Trump doesn’t get off of his high horse and try to right at least some of the things he has done wrong. Unfortunately, what Trump has done already will be felt by Americans for years to come because noone would expect an immediate rebound if Trump decided to stop all Tariffs and mass firings of many working people of this country. All because he claims the country will have to feel some “pain” before things get better.

Trump has never felt real financial pain. He never lived on the streets. He never had to worry about having enough food to feed his family or try to find money to pay his bills. He is so corrupt that even with the fact that he has money, he didn’t pay all of his bills or his taxes. He was born afluent. His dad gave him millions of dollars and he floundered it, just like he is making us loose our money today.

Before Trump, we did not have our closest neighbor, Canada initiating tariffs on us. We never needed a wall to keep them out of our country. They are our friends, or used to be. Because of Trump’s tariffs, the country of Canada is informing its citizens not to use American made products, and the American made products that the companies already purchased from America to be distributed out to customers are being pulled off of the shelves, which means that Canada won’t pay the tariffs that Trump demands, they will just no longer import those goods. In the mean time, they initiated reciprical tariffs.

Canada has stated time and time again that they are not in favor of any trade war, and would never initiate tariffs on the United States like we are on them. Donald Trump needed to have that mindset. For heaven’s sake. They are our friend and closest ally by far. But he has turned all the citizens of Canada against the United States. Because of what Trump has done, now there is hardship on them. In a recent poll conducted by Canada, citizens say that they now dislike the United States. Our closest neighbor, now that is saying something.

A majority of Canadians who have property in the United States are selling their properties now. They want no part of the United States.

The sentiment in Europe is the same. Countries supporting the EU are making deals amongst themselves without any consideration from the United States, because they now feel that Trump has abandoned them and so they are out on their own. They will make all of their decisions without the United States.

Soon, Trump may decide to leave NATO. If he does that, his actions will hurt NATO greatly and make Putin of Russia very happy. But everything Trump has done since he has become president makes the Russian president happy. Case in point, Trump has stopped all military support to Ukaraine. All weapons and materials that were in flight to Ukaraine were stopped and turned around to return to the United States. Putin loved that. So what does Trump do. He decides to no longer share military intelligence with Ukaraine. So now, the war-torn country of Ukaraine has no idea what Putin plans to do next. Trump is punishing Ukaraine. He has taken sides with Vladamir Putin of Russia. Europe can no longer trust us. The free world can no longer trust us.

The Ukaraine president may cave into Trumps demands to stop the war. It’s been raging for 3 years now.  Trump claims that he is communicating directly with Russia in negotiations to stop the war, but NOT with Ukaraine involved in the talks. Why? Because Trump is a friend of Putin and not of the President of Ukaraine. So Trump expects that when he clicks his fingers, that the Ukaraine president will jump. Who in the hell does Trump think he is? If he thinks he is the leader of the free world, soon he won’t be. Trump is causing permanent harm to the United States.

 

 

Donald Trump and Elon Musk Now Targeting Social Security

March 5, 2025

Today we got a reprieve from the falling stock markets, as the Dow went up almost 500 points, thank God. But it wasn’t for what Trump said last night in his message to the joint session of Congress. Trump can’t help himself. He doesn’t know what to say and when to say what it would take to HELP the markets. Everything that Trump does causes pain to the American people, and recently he stated as such saying that the country needed to experience some pain before things got better. The reason for the stock market rise was because two of the 30 major companies that comprise the DOW had quarterly reports show minor gains. That is just one day out of the last 7. But for the last week of trading, the markets dropped over 1300 points, so the slight recovery that was experienced today what just what it was, a temporary reprieve from what’s about to happen. So instead of talking about the stock markets tonight, and the economy, let’s shift gears and talk about Social Security because I sincerely believe that Trump is targeting Social Security next.

It is possible with Trumps threatening reductions of the SS workforce,  they really want to cut Social Security? This is fact. It is at the top of Trump and Musk’s minds. It is possible that in a very short time under the influence of DOGE, the Social Security administration may cut up to 50% of its workforce, laying off more than 7,000 people. They will be closing down social security offices in red states and blue states. That is already occurring as offices throughout the country are already closing.

Trump’s partner in crime – Elon Musk, calls Social Security “One massive Ponzi scheme”. In other words, he is calling it fraud.

Then wouldn’t you know, Donald Trump in his Tuesday speech to Congress claims that he found “probable fraud” in Social Security.

So the following statement is what Trump actually said…

“We are identifying shocking levels of incompetence and probable fraud in the Social Security program for our seniors, and that our seniors and the people we love rely on.”

My questions now directly go to Donald Trump. If you found it, then where are the arrests?Where is DOGE when they are really needed. Where are all the people, and the fraud which you claim you are finding? Show me just one check written to a dead person.

Actually what is happening is that they are making this stuff up so that they can gut social security. If you found it, then expose it. Don’t threaten seniors and discuss interfering in the Social Security Administration that pays retirees the money that they rightfully deserve. But Trump’s actions worry ALL Americans. He is causing so much unrest with the American people. Trump’s end game – to divert Social Security funds to go directly to the rich, in the form of tax cuts, and another way to help reduce the National Debt. Why would any president do that. Your hard earned money cannot be used to reduce the national debt, but if you listen closely to Trump’s speech last night, you will learn that he claimed that he WILL balance the budget in his second term. With what, your Social Security money?  By providing massive tax cuts to the rich?

Trump is so full of S H _ T, that he can’t even pay his own bills, he can’t pay his own workers in all his past businesses. He filed for bankruptcy at least a dozen times. Trump Steaks.. Trump University… and the list goes one. It’s not so funny now that the country has to listen to a fraudster and a convicted felon tell the American people on how he will be helping them.

Back in October 2024, Elon Musk admitted that “Trump’s plan will collapse the U.S. economy, and says that it’s necessary for everyday Americans to experience “temporary hardship”.  That is what Elon Musk said. So back in October of 2024, they literally claimed that they were going to crash the economy, and now they are doing it. Now they got there hands into social security.

Elon Musk now has access to your personal files, and he is using algorithms and crawling around into EVERYONES Social Security files and claiming to have found enormous amounts of fraud, waste and abuse. That statement was made by Mike Johnson, the Speaker of the U.S. House of Representatives in a recent “Meet the Press” interview, that massive fraud was found within the Social Security System. So if you claim it, prove it and this administration may be respected in the future.

Stocks Continue to Fall while Trump Lies to Joint Session of Congress

March 5, 2025

As was the case on Monday, Dow Futures are ahead, but just like on Monday, the stocks will again tumble. There is no stability, and with the tariffs in effect, the markets do not have a chance to level out. All they will do is fail. It is now March 5th, after Trump’s speech to a joint session of Congress last night,  proclaiming that he is doing what the voters wanted him to do, because he claims he had a mandate during the election.  One major problem with his speech was that it was full of lies.

Regarding the futures, the Dow Jones is up right at this moment by .46% or 195 points. S&P futures and Nasdaq futures each added about .7%. This is what is happening now. But the speech by Trump to a joint-session of Congress was disturbing.

During his speech, it was obvious that he was ad libbing during parts of his speech.  He obviously was trying to highlight his ambitious vision for America, which is what he wants everyone to believe.  The address was marked by interruptions with several Democrats, including Jasmine Crocket and Maxine Waters, walking out. Trump’s claims about the economy Social Security and tariffs were fact-checked revealing significant discrepancies. Then Alyssa Slotkin’s Democratic response emphasized the importance of the middle class, national security, and democracy, uring citizens to stay ingaged and hold elected officials accountable. The discussion also touched on the need for a focused response to Trump’s claims. Slotkin’s speech was one of the better Democratic responses.

Trump did not share or have prepared remarks shared with the media. He was obviously ad libbing when he was making economic decisions, when he said that the American people would have to bear with him, that there would be little disturbance, and that there will be an adjustment period. He was suggesting that the roiling that we saw in the markets is something that he knows he cause, but he knows people will not mind.  But what is actually going to happen starting today, prices will be higher on just about everything. His tariffs that he didn’t highlight in his speech, will cause misery to the American people. He ran on lowering prices, not raising them.

For the record, the worst inflation in this country was in 1980, and the economy left for Trump after Biden was considered worldwide as the best economy in the world. But instead, he implied that his economy of his first term was better than Biden’s single term in office. The best economy of the world was described that way in the ‘Economist magazine’ as the envy of the world

Trump then attacks Social Security. I’ve said this prior to his speech last night that Trump and Musk will eventually attack Social Security and when it is interrupted, it can fail. Trump is claiming massive fraud within Social Security and that there was overpayment in the millions, which for the record is completely false.

Trump claimed that the big three auto industries in this country love his policies, where in fact the CEO of Ford Motors, Jim Farley, said that Trump’s tariff policies would “blow a hole in the U.S. auto industry. Who would you believe, proven liar Donald Trump or the CEO of Ford Motors?

Regarding to support to Ukaraine, the U.S. has only committed about $125 billion to Ukraine’s defense, Europe has committed about $259 billion, the the president lied when he said that America has committed more more to Ukraine’s defense. Near the end of his speech he mentioned that last night before his speech to Congreee, Trump claimed that the president of Ukraine plans to do what it takes to end the war, including to give precious metals to the U.S. as partial repayment. He said that the president of Ukraine is now open to peace talks, and do whatever is necessary to prevent further bloodshed. After the White House meeting that ended in failure between the President of Ukraine and Trump, I hardly believe that Ukraine is ready to submit to the United States.

Trump claims that Joe Biden closed over 100 power plants, which is another outright lie. There were more utility sized power plants up and running in the United States when Joe Biden left office than when he achieved office.

Oil and gas production in the United States hit an all time record under President Joe Biden. Also, DOGE has never claimed that they have saved hundreds of billiions of dollars in savings. The largest items they have claimed to achieve as savings in the US budget have been debunked and they’ve been taken down. But even they don’t falsely claim hundreds of billions of dollars worth of savings. But Trump makes that claim, which is a total lie.

And then on top of all that he said, I can recall him making a spectacle out of praising a young man who thus far survived pediatric cancer, as if he as president had something to do with that. The fact is that DOGE cut amongst other things, funding for ongoing research into pediatrics.

Another thing that was immediately noticeable was when he mentioned that Elon Must is the head of DOGE. As noone would think this was really important since Musk seems to act more of a president at times than does Trump himself, but now the matter will end up in court, because Trump claimed to the court that Elon Must has no control of DOGE. So, it’s just another lie that Trump was caught in, as his statement in front of Congress was directly contrary to what the administration has overtly swarn to a federal judge about the leadership of DOGE. I’m hoping that the courts really put Putin in his place and criminalizes the organization.

 

The Stock Wrap-up for Tuesday March 4, 2024

March 4, 2025

No one should be suprised. This outcome has been inevitable, but it was preventable. The following note found on ‘The Daily Beans Podcast’ says it all.

I don’t say this lightly. All you have to do is look at the trending data from the U.S. Stock markets. The DOW dropped 680.23 points or 1.55% just today alone, because our president decided to activate tariffs he’s been threatening for the last 6 weeks. The S&P 500 dropped 1.22%, and the Nasdaq Composite shed 0.35%. The Nasdaq, which is tied closely to tech-heavy industry, dipped more than 2% at its lowest point and came within striking distance of correction territory, which is a term that refers to an index falling 10% from a recent peak.

So it’s happened. Since March 1st, the trend has been spiraling downward. The State of the Union Address comes tonight, and it will be very eye-opening on how Trump will portray the State of our Union. Before it even happens, I can assure you that his speech will be filled by lies. The Republican Senators will applaud him. The Democratic Senators will stay silent. Has even one Republican Senator helped even just one of their constituents. Find me the proof and I’ll believe it, but there is absolutely no proof that any Republican lawmaker who is following Trump, is helping ANY of their constituents.

Yesterday, the markets were signaling to the American people what was about to happen today. Many Americans have decided to run this out, but what will they have to loose to ride this wave of stock market sell-offs before they realize that it is going to affect them, even though they voted for this president.

Then, it will be too late. The question now is what is it going to take to prevent a further free-fall. It’s normal for the stocks to go up and down. That’s what’s great about our economy. But in the end, they should always go up more than they have been going down, and there is just no indication in the foreseeable future to say that the declines will reverse any time soon.

I know that this report is very glim and bleak, but as they say, “it is what it is.” These are the facts. We are now living a World Wide Trade War in this year of 2025, initiated by Donald Trump himself, for all of his rediculasly foolish reasons.  This situation should have never come about, but it has.

 

Tuesday – The Day of Recogning

March 4, 2025

It didn’t take a rocket scientist to predict what was about to happen today. The DOW dropped nearly 500 points today and the markets are not even closed yet, and the Nasdaq is flirting with correction territory. Why? Because Donald J. Trump has foolishly initiated a trade war.

People close to me, including my wife have been checking their stock values all day. My wife is upset, but I informed her that this day was coming. In a single day, she lost $500.00 in less than 4 hours. The markets have a few hours to go.

U.S. stocks saw losses mount on Tuesday as our felon president, Donald J Truimp put tariffs on key trade partners, which our partners were waiting for a signal to initiate their own tariffs on the United States. So what we have now is a global trade war and escalating fears of the national economy cracking.

Our fearless president instituted 25% duties on Canada and Mexico that took effect at midnight. Trump also slapped an additional 10% tariff on Chinese goods.

Monday’s plunge in the market didn’t phase Trump, because it ONLY amounted to a 1.2% drop. That drop was about 650 points. The S&P shed .8%. But that small percentage amounted to millions of dollars lost.

Nasdaq Composite didn’t feel the crunch as much, as they were cushioned by gains by Nvidia and Alphabet.

In reality up until today, the trading was not as bad as it will start with today’s free fall. That’s because the traders really weren’t sure if Trump would pull off this sick stunt, but now he has.

After Trump imposed tariffs on Canada of 25%, Justin Trudeau initiated their retaliation tariff on the United States of 25%. So what does Trump do? He said that he would add even higher tariffs on Canada.  So what’s next? Will oil now be cut off by Canada? Before Trump became president, Canada was exporting 97% of all of their oil production to the United States. No tariffs, as a result of the Trump USMCA agreement made by Trump and his neighbors of Canada and Mexico. But Trump has decided that he would no longer be bound by the USMCA agreement, the one that he instituted and our neighboring countries accepted during his first term.

Trump is no less than a RAT. He is undermining our economy, and hurting the world with his selfish actions. The markets were at an all-time high before he came into office. Now they are tanking. Millions and millions of dollars of investments by Americans have already been thrown out the window. Some Americans will never recover from this.

Trump was right when he stated that the country will feel ‘PAIN’. Is this what the people elected him to do? What about lowering prices for the middle class. What about NO TAX ON TIPS. Oh wait. The only thing Trump wants to do is help is rich friends with tax cuts.

I am making a very bold prediction here. I can feel it in my blood. If things continue with the way things are going with the economy, things like Social Security can fail within the next 3 months. You can laugh at this prediction saying that you have been paying into the fund your whole life. Well if that doesn’t get your gander up, nothing will, because I have been predicting this day for the last 6 weeks, and noone, not even my close friends and family members beleived it would happen. But here we are. Actually, I was suprised that my social security check arrived on time this month. Again I hope I’m wrong.

I will give another update here when the markets close later today. In the meantime, I need to console my wife as she is pretty upset with her investment strategy at the moment.

 

The Dow is Free-Falling and Tariffs now on the Horizon that will Hurt Americans

March 4, 2025

The first week in March is proving to be a very volatile week regarding the economy. On Tuesday at 12:00AM, Trump claims that 20% tariffs will go into effect for Canada and Mexico, and another 10% on China.

On Monday, the markets responded negatively regarding the threat of tariffs actually going into effect.

On Monday morning the DJI Index (Dow Jones), opened up at 44,900.49. But as expected, the markets dropped to a low of 43,160.68, which was a 1.55% loss with the final figure for the day being 43,160.68. That was a total loss in one day of 680.23 points.

But at market open, the market shot up to 44,033.8, because of Tesla and BitCoin. But it took less than 30 minutes for all of the gains to be sold off, and the Dow Jones Industrial Average went into the negative and never really came back.

Dow futures on Tuesday morning are looking positive, but not nearly as much as the futures were on Monday morning.

So what does ‘futures’ mean. Actually, the idea of what it means is fairly simple. Futures is a birds eye view of what will happen at market open. So you may wonder how anyone would know if the markets are actually closed until 9:30AM ET in the United States. That’s because the markets in the U.S. follow the markets that have been open at least 6 hours before the markets opened in the U.S. The U.S. markets will follow  what is going in Europe at 9:30AM E.T.

The prediction now since the markets are now open in Europe, is that the markets will open slightly higher than Mondays closing figure. But unfortunately, the markets are expected to free fall even more than what happened on Monday. Why? Because Trump will initiate the tariffs on midnight before market open. To make it worse, Trump cannot help himself by making crazy announcements when he addresses Congress on Tuesday night on Prime Time TV.

Expect a very volatile day regarding the markets, and another day of crazy sell-offs on Wednesday, after what I can already call a disastrous speech, full of lies and false promises that only Donald J. Trump would give on such a stage, because he is hungry for attention.

Regarding Ukraine, several Congressmen cozied up to the president of Ukraine during his visit to the White House will openly turn against him when Trump claims he will no longer support the war in Ukraine when he speaks on National TV on Tuesday night. As of Monday, Trump has stopped all military support for Ukraine. All shipments are stalled unless Trump allows them to continue to Ukraine to help fund the war. Stopping supplies to Ukraine gives Russia a logistical advantange in the war.

On top of this, Trump is siding with Putin of Russia and is expected in the next few days to give monetary relief to Russia. What does this mean? It means no less that Donald Trump has done an about face with American policy regarding Russia and Ukraine. Trump has decided to change sides and now support Putin. No other president in American history has every done such a thing. He is the ONLY American president that has sided with Russia in a war. The United States has never sided with a country that attacked a Democratically controlled country. The president has decided to not support the Democratically elected president of Ukraine, but instead support a dictator and murderer named Putin.

This, on top of what Trump is openly doing to our economy, will set the United States back for years, with the economy, and with relationships to other countries, especially our closest neighbors, Canada and Mexico.

There will be daily updates on this website regarding the economy, and a report of Trumps talking points with his message to Congress which will be televised on Tuesday night.