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Tariffs

Timber Cruiser said:
Why in the hell would someone looking to retire this year still have funds in a place that was bound to drop like a rock?
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As I mentioned, it's all about your personal portfolio diversification. Yes, my 401k is down 5% after last week, which isn't bad all things considered. I'm doing an early retirement June 30. I won't be touching those funds for at least 5 years, so no worries, that loss will rebound in that time.

It's more of a problem if you're 65 and still heavy into equities right now.
 
90-day tariff pause except for China. Market have exploded since the announcement this morning. If anyone bought quality stock/ETF's when it was down, take a deep breath before you open your account because it is growing. A lot of the pain has subsided for the time being. Now, we just need to get all the agreements worked out.
 
I believe there are still the new 10% tariffs applied but all the increased tariffs are on hold, but only for the countries that DID NOT retaliate. China raised, so POTUS re-raised. We will see what China will say.

But yes, a huge jump in the markets today. My charts couldn't keep up with the price action. I was fortunate to have a SPY Call expiring on the 14th that printed money this afternoon. I sold it before Mr. T can say something else to change the market again.
 
Allsmiles said:
90-day tariff pause except for China. Market have exploded since the announcement this morning. If anyone bought quality stock/ETF's when it was down, take a deep breath before you open your account because it is growing. A lot of the pain has subsided for the time being. Now, we just need to get all the agreements worked out.
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Bought about $50k worth of on-sale items Monday evening. I've been to similar rodeos before, but none like this...
 
This is the largest single one day I've seen. I suspect the rest of the week will be a bust. I mean it would seem it'd have to be......
 
I got a decent amount of stuff on sale and also got some today during the movement that were still priced good. I didn't make a killing...it was a slaughter. By far the biggest day of returns I have ever had. Now just need a few more to make me whole from the drop.
 
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