Dow 40K - Wow

[bogieb]

Oh how things can change in half a year

My 401k is now worth (plus about $200) what it was on April 22. 2024 .

Just checked and more limit orders just filled on nvidia. Catching the falling knife for sure here. Hope the cut isn't too deep!

My nvidia stock is still a bright spot in my portfolio. Bought it in 2022 and is still at +437%. Several weeks ago it was a lot more than that, but I really can't can't complain since nothing else has held its value like it has.

 

[ABMax24]

Reagan warned against the dangers of tariffs and Smoot-Hawley in 1988.


It's a nightmare for the complex assemblies in our largest heavy industry.

View attachment 338123

Airbus will do very well over the next decade. No Airline (except American ones) are going to order planes from Boeing with all the added costs from Tariffs.

 

[Dieselhead]

Maybe I’m just optimistic, but I expect more articles to be coming out like this soon.

Trump says major Nike producer Vietnam wants to slash its tariffs ‘down to ZERO’ after ‘productive call’

The president's statement helped boost shares in apparel brands Nike, Lululemon, and American Eagle -- all of which have major operations in the country.

www.aol.com

 

[begreen]

Maybe I’m just optimistic, but I expect more articles to be coming out like this soon.

Trump says major Nike producer Vietnam wants to slash its tariffs ‘down to ZERO’ after ‘productive call’

The president's statement helped boost shares in apparel brands Nike, Lululemon, and American Eagle -- all of which have major operations in the country.

www.aol.com

Vietnam is an example of how ridiculous and simplistic the tariffs are. The crazy 50% reciprocal formula claims Vietnam charges 90% tariffs on the US, which is untrue. They do have some small import duties. The trade deficit exists not because Vietnam throws up unfair barriers, but because Vietnam’s low-wage workers make a lot of stuff Americans want to buy (like Nike shoes and T-shirts). Meanwhile those same workers (because of their low wages) can’t afford many American goods. Nevertheless, we are now imposing a 46% tax on their exports to the US. To the extent this reduces exports, it will make Vietnamese workers even less likely to buy US goods—not to mention devastate their economy.

Meanwhile, are we sure millions of Americans are going to be lining up for the new jobs of sewing jeans and running shoes 18 hrs. a day, 6 days a week, all for $50 a week in pay? I don't 'tink so, Lucy.

 

[Turbo89]

I’m going to give him 12 -18months, and see where we are. I’m generally in favor of small government and buy America… so “go DODGE”; and I’m treating tariffs as a negation tactic, this I see this interim stock market dip as a buying opportunity… in 12 months I guess we’ll see if it’s interim… if not I’ll be cursing his name, haha!

It does feel like it’s going to be a painfully spring /summer, but if [when] we see rates drop, and favorable job numbers, and/or some major country crack on tariffs (e.g. negotiate favorable US terms), the market will rebound like crazy.

 

[Dieselhead]

Vietnam is an example of how ridiculous and simplistic the tariffs are. The crazy 50% reciprocal formula claims Vietnam charges 90% tariffs on the US, which is untrue. They do have some small import duties. The trade deficit exists not because Vietnam throws up unfair barriers, but because Vietnam’s low-wage workers make a lot of stuff Americans want to buy (like Nike shoes and T-shirts). Meanwhile those same workers (because of their low wages) can’t afford many American goods. Nevertheless, we are now imposing a 46% tax on their exports to the US. To the extent this reduces exports, it will make Vietnamese workers even less likely to buy US goods—not to mention devastate their economy.

Meanwhile, are we sure millions of Americans are going to be lining up for the new jobs of sewing jeans and running shoes 18 hrs. a day, 6 days a week, all for $50 a week in pay?

That’s a big issue, low pay over there. Billion dollar companies paying pennies. They will remain in 2nd/3rd world status if that does not change.

 

[ABMax24]

I’m going to give him 12 -18months, and see where we are. I’m generally in favor of small government and buy America… so “go DODGE”; and I’m treating tariffs as a negation tactic, this I see this interim stock market dip as a buying opportunity… in 12 months I guess we’ll see if it’s interim… if not I’ll be cursing his name, haha!

It does feel like it’s going to be a painfully spring /summer, but if [when] we see rates drop, and favorable job numbers, and/or some major country crack on tariffs (e.g. negotiate favorable US terms), the market will rebound like crazy.

The damage is done, other nations are going to play nice for now, but are going to change forward looking policies to eliminate the US from supply chains, and diversify their own exports to other nations.

I'm really looking forward to seeing US consumer inflation data going forward. My bet is the US consumer waves the white flag before nations being tariffed do.

 

[Turbo89]

The damage is done, other nations are going to play nice for now, but are going to change forward looking policies to eliminate the US from supply chains, and diversify their own exports to other nations.

I'm really looking forward to seeing US consumer inflation data going forward. My bet is the US consumer waves the white flag before nations being tariffed do.

This is certainly a one opinion being thrown out there, but time will tell. Humans tend to have a short memory spans, so while I agree there will be short term pain; I’m skeptical of long term impacts.

 

[EbS-P]

My bet is the US consumer waves the white flag

US corporations have stay silent and those law fits and schools that have been targeted have waved the capitulation flag. Janet Mills of Maine took a stand. Everyone else is too scared.

 

[begreen]

We should not be punishing countries like Vietnam and Switzerland. They are not the issue. The past 2 administrations have encouraged businesses to leave China, so many went to Vietnam. Punishing them is beyond ironic.

Regardless of outcome, the tariffs are the largest tax levied on Americans in modern history. This idea came from Navarro, who is an economic idiot. What remains to be seen now is whether this pushes other nations to drop the dollar as their reserve currency or not. If they do (or threaten to), I'll bet the tariffs get dropped like a lead anchor.

 

[EatenByLimestone]

I can’t remember where I saw it, but I saw somebody point out that if tariffs were as bad as we are hearing, why do other countries have them against US goods?

I imagine they are a tool, just like any other. They can be used as most people anticipate using the tool, say like using a screwdriver to drive in a screw, or as pry bars. Ice picks, a drift, chisel, light duty hammer, etc

I guess the point is, tariffs were implemented. We think we know the reason why. We’ve seen where they have been used as an unconventional tool to help close a border. Time will tell how well the tool works this time.

 

[Dieselhead]

We shall see, not worth getting too far off the mission of this forum. I had to peruse the forum rules to see if this was starting to get off the rails. I found “please keep references to your political beliefs, your gun collection, your religion or lack thereof, etc. off of Hearth.com .”

 

[begreen]

Yes, this is an important issue that will affect all, including directly affecting stove prices. That said, it's inevitably going to wander off topic for Hearth.com. I hope there are some positive outcomes in the future, but they may not be what one expects. In the meantime, get outside and enjoy spring!