Dow down 2,200 points as $6.4 trillion
is wiped out in two-day bloodbath as China
declares trade war over Trump tariffs
New York Post,
by
Taylor Herzlich
,
James Franey
&
Ariel Zilber
Original Article
Posted By: Ida Lou Pino,
4/5/2025 12:07:34 PM
Wall Street’s bloodbath spilled over into a second day on Friday as the Dow Jones Industrial Average plummeted by more than 2,200 points after China unveiled stiff retaliatory taxes to President Trump’s tariffs.
The Dow tanked 2,231 points — a day after suffering a 1,679-point drop, its previous worst session since the start of the COVID-19 pandemic in 2020. The two-day selloff wiped out $6.4 trillion in market value.
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Reply 1 - Posted by:
earlybird 4/5/2025 12:20:13 PM (No. 1927397)
I do not read market analysis in a tabloid.
9 people like this.
Reply 2 - Posted by:
Italiano 4/5/2025 12:23:41 PM (No. 1927399)
Didn't lose a cent. Didn't sell.
30 people like this.
Reply 3 - Posted by:
jalo1951 4/5/2025 12:31:19 PM (No. 1927406)
Feeding into the fear and selling your stock is what causes the problem. Hang on to it and ride it out. Everytime the stock market burps people freak out. Trump is a businessman first and he sees America as a business and not a piggy bank for the lefties. He is a risk taker and here's hoping he choose wisely. I am willing to wait and see.
17 people like this.
Reply 4 - Posted by:
DVC 4/5/2025 12:48:17 PM (No. 1927413)
Paper profits and paper losses. Yawn. It will be all back, soon enough.
16 people like this.
Reply 5 - Posted by:
LC Chihuahua 4/5/2025 12:48:37 PM (No. 1927414)
The stock market goes up and the stock market goes down. That's the way it works.
8 people like this.
Reply 6 - Posted by:
DVC 4/5/2025 12:49:03 PM (No. 1927415)
And a round of applause for #2!
Yes, sir, exactly.
11 people like this.
Reply 7 - Posted by:
chagrined 4/5/2025 12:49:58 PM (No. 1927416)
A few years back, I remember coworkers trying to time when they'd pull money out of the market when they somehow deduced a drop was imminent, then did the same thing on the flip side, i.e.,...when the mystics bestowed upon them the right time to get back into the market. Talk about spinning your wheels. Needless to say, none did well in those endeavors.
The big drop in the market now. . .I hate it. But that'll make the comeback that much better! I'll continue to support President Trump. He's at least a mile ahead of the naysayers pretty much all the time.
7 people like this.
Reply 8 - Posted by:
sunshinehorses 4/5/2025 12:50:19 PM (No. 1927417)
Well, I guess for once I timed it right. I sold my stock the day before. I will re-invest but for now I am waiting. I am a small investor - it is more for fun for me right now.
5 people like this.
Reply 9 - Posted by:
Vaquero45 4/5/2025 12:55:22 PM (No. 1927421)
Knock it off. Only Democrats talk about a “bloodbath”, and they're always wrong. Just remember what Lou Holtz said: “I’ve been up, and I’ve been down, and I’ll be both places again.”
5 people like this.
Reply 10 - Posted by:
bpl40 4/5/2025 1:01:52 PM (No. 1927423)
I wouldn't go out right away on Monday morning. But these coming few weeks are going to turn out to be biggest buying opportunity of our lifetimes. We will never see stocks priced this low again. You read it here on this Fifth Day of April 2025.
5 people like this.
Reply 11 - Posted by:
stablemoney 4/5/2025 1:05:03 PM (No. 1927424)
China raising their tariffs to 34% will only increase the US reciprocal tariff to 68%, effectively stopping trade and the trading deficit with China. China's action will also cut off US investment and access to US technology. China was already in an economic downturn with collapsing real estate markets. US companies will also feel some pain. Maybe Walmart will have to reduce those $620,000 management salaries their CEO has been bragging about.
8 people like this.
Reply 12 - Posted by:
Twinkle93 4/5/2025 1:10:59 PM (No. 1927426)
What is the makeup of those that have sold and driven down the market? Probably foreigners and democrat million and billionaires.
Just remember that the stock market is the largest con game; you get in and then out and try to screw the next guy.
3 people like this.
Reply 13 - Posted by:
Noj15 4/5/2025 1:15:38 PM (No. 1927428)
Because teaching history in our schools has disappeared, many Americans don't even realize that our income tax laws did not go on the books until 1913. Guess what? America existed only on TARIFFS for 137 years. Yeah, THEY PAID US! I agree with the great posts here. Hang on, don't listen to the doomsayers. They've never been right. Never. (That you, Jim Cramer?)
9 people like this.
Reply 14 - Posted by:
daisey 4/5/2025 1:15:58 PM (No. 1927429)
Didn’t the left chastise Trump for using the term “bloodbath”?
8 people like this.
Reply 15 - Posted by:
Hazymac 4/5/2025 1:17:43 PM (No. 1927430)
Most investors should have suspected that multitudes would overreact to PDJT's recalibration of tariffs, and that the market would panic and sell off. But shaking up decades of trade policy that does not favor the USA is necessary. There is bound to be short term pain. Trump is the only one who would have dared to stand up for American interests the way he has. In the medium to long run, what has happened recently will be made up for, and much more. Be calm. Can tariffs take the place of income taxes? There's a larger purpose at work here.
Bulls make money. Bears make money. (Bears have cleaned up this week as they sometime do.) Pigs get slaughtered. Odds are good that the market sell off of the past few days is a normal Elliott Wave 4 (2?) pullback before a glorious Wave 5 (3?) recovery, on the way to all time highs. When? Who knows? As Tommy Cooper once said, "I used to be indecisive. Now I'm not quite sure."
4 people like this.
Reply 16 - Posted by:
MissMann 4/5/2025 1:23:13 PM (No. 1927433)
It has to happen. Pulling off the bandaid is going to hurt, but we couldn't go on the way we have. I'll give it a year and judge then. (I'd rather have high prices, etc., because of realigning our market than because of the US gov printing trillions of dollars.)
6 people like this.
Reply 17 - Posted by:
VietVet68 4/5/2025 1:54:20 PM (No. 1927444)
I have lots of thoughts on the Wall street bloodbath. If I had to give a statement on the issue I'd say that the left in this country hates Trump so much they would rather destroy all this wealth than to see the tariffs have the desired effect, fair trade for America. There's no rational reason for countries to levy tariffs on American goods while expressing displeasure when America levies reciprocal tariffs on them. As Trump has stated they've taken advantage of America for many decades. That American industry has suffered is of no concern to the political class and it has never been. They always manage to build their wealth thanks to misdirected funds from USAID.
6 people like this.
Reply 18 - Posted by:
cartcart 4/5/2025 2:32:25 PM (No. 1927462)
Stock market increases by $15 trillion, drops by $6 trillion and stockholders are still $9 trillion ahead. Panic ensues. It's paper gain and paper loss at this point.
4 people like this.
Reply 19 - Posted by:
Strike3 4/5/2025 2:45:07 PM (No. 1927467)
That's about what Biden and his pals spent on drag shows, Sesame Street books and transgender propaganda around the world.
1 person likes this.
Reply 20 - Posted by:
Strike3 4/5/2025 2:48:30 PM (No. 1927472)
If Harris had slithered into the Oval Office there wouldn't be a stock market right now.
3 people like this.
Reply 21 - Posted by:
robertthomason 4/5/2025 3:29:48 PM (No. 1927499)
Looks like somebody needs to switch to decaf.
1 person likes this.
Reply 22 - Posted by:
OhioNick 4/5/2025 3:33:28 PM (No. 1927502)
Donald Trump imposed tariffs, which will increase the prices of goods, for a reason -- to create American jobs and level the economic playing field. On the other hand, Joe Biden's policies, such as his out-of-control federal spending, increased prices for absolutely no positive reason. Instead, he was blatantly trying to crash our economy.
1 person likes this.
Reply 23 - Posted by:
Dodge Boy 4/5/2025 3:45:00 PM (No. 1927512)
I bought in right at Friday's market close. Easy money to be made.
3 people like this.
Reply 24 - Posted by:
buckeye1 4/5/2025 4:00:22 PM (No. 1927517)
These loses will be recovered. Rule #1 of stock investing is don't watch the daily stock fluctuations. IMHO, today would be a grestcdsyvto buy stocks.
1 person likes this.
Reply 25 - Posted by:
FormerDem 4/5/2025 4:35:04 PM (No. 1927544)
I think it is awesome someone understands the real economy and also the fake one and is working to make the real one succeed even though the paper economy jiggles. If PDJT runs for a third term I will vote for him, however he does it. There are constitutional ways. He will have my vote. Or whoever he points at - JD?
0 people like this.
Reply 26 - Posted by:
udanja99 4/5/2025 7:16:49 PM (No. 1927633)
Remember what happened to the market at the beginning of covid? I vividly remember watching the chyron on Fox as the market dropped by a thousand or fifteen hundred or 2 thousand points a day. I’m doing just what I did then - sitting on my investments. And just like then, it will all come back.
0 people like this.
Reply 27 - Posted by:
YorkieMom 4/5/2025 11:20:48 PM (No. 1927700)
I'm trusting Trump.
0 people like this.
Reply 28 - Posted by:
Harlowe 4/5/2025 11:38:37 PM (No. 1927706)
#15~ Curious. Is it true that the stock market can be manipulated? Allegedly, the very wealthy and/or hedge funds can influence the market.
1 person likes this.
Reply 29 - Posted by:
paral04 4/6/2025 12:48:40 PM (No. 1928011)
China putting tariff on our goods is a drop in the bucket. What do they import from us?
0 people like this.
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Write this down - - and memorize it: By July 4, 2026 - - our 250th anniversary - - the Dow Index will be over 50,000. You will be wise to pump as much as you can into the stock market - - right now.