Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Donald Trump announces new 25% tariffs on all imported cars and car parts
I think all of you misunderstand the process that is going on here. The president of each car manufacturer will approach Trump ask for a waiver and kiss the ring. Trump will then grant waivers to those company presidents that he likes. Their loyalty to him will be required. The tariffs are all unlawful anyways since the US is not in a national emergency, but that does not matter to Trump, whose purpose is to magnify his authority.
Yes sir, that scenario is quite plausible. But outfits like Toyota, for instance, might not understand how to play the game. Any way you look at the situation, it ain't too good.
old_joe, thx for worrying about toyota (customer since 1980s). just last year, me another team-mate were trying convince others in our sports league that tesla was a toyota wanna-be. we failed mainly because we didnt own a new one (of either) and were told we couldnt comprehend the difference.
@FD1000- Hey there - you think that any of this might impact your financial situation?
Edited for civility. OJ, good sir, please don't let your annoyance take over.
First, this thread is political and should be in OFF forum. Second, I didn't sell, and I'm doing well, as I have done for years. My portfolio was at its peak at the close last Friday 3/28/2025. If you know my style and goals, you know what I do. I hope your portfolio is doing great, BTW.
The best thing, as usual, is to do nothing and stop reading the scary stories. You should design your portfolio based on your goals with limited trades. If you are a good trader, watch markets in real time and make adjustments.
@FDSo, just ignore the coup day by day. 1000- Hey there - you think that any of this might impact your financial situation?
Edited for civility. OJ, good sir, please don't let your annoyance take over.
First, this thread is political and should be in OFF forum. Second, I didn't sell, and I'm doing well, as I have done for years. My portfolio was at its peak at the close last Friday 3/28/2025. If you know my style and goals, you know what I do. I hope your portfolio is doing great, BTW.
The best thing, as usual, is to do nothing and stop reading the scary stories. You should design your portfolio based on your goals with limited trades. If you are a good trader, watch markets in real time and make adjustments.
So, just ignore the coup. Nothing to see here. Business as usual... If a coup doesn't vitally impact investing decisions, then nothing does.
As we used to say in the sixties,,,, right on Crash! Power to the people. This is off topic but this morning I was out and about with DW and daughter at a mall and encountered a group getting ready to demonstrate in front of the Elon business in the mall. Mostly old folks and vets. We chatted and I was moved by their enthusiasm and determination not to lose our country by doing nothing. I walked away feeling better than before I met them. They were teaching folks to be Marshals and I shared with them my experience as a Marshal in the 1969 march on Washington. I might return next week. ✊
FD1000 said: "First, this thread is political and should be in OFF forum."
“Another wipeout walloped Wall Street Friday,” Stan Choe of the Associated Press wrote today. The S&P 500 had one of its worst days in two years, dropping 2%. The Dow Jones Industrial Average fell 715 points, losing 1.7% of its value. The Nasdaq Composite fell 2.7%. On Tuesday, news dropped that the administration’s blanket firings and wildly shifting tariff policies have dropped consumer confidence to a low it has not hit since January 2021. Today’s stock market tumble started after the Commerce Department released data showing that consumer prices are rising faster than economists expected.
AIG chief international economist James Knightley said: “We are moving in the wrong direction and the concern is that tariffs threaten higher prices, which means the inflation prints are going to remain hot.” Business leaders like lower interest rates, which reduce borrowing costs and make it cheaper to finance business initiatives, but with rising inflation, the Federal Reserve will be less likely to cut interest rates.
@FD1000- Right you are! All of this is political and will have absolutely no impact on the financial arena.
(Note: Above information quoted from Heather Cox Richardson, 3/28/25.)
I think it's great that people think that launching the largest trade war since the Smoot-Hawley tariff will have no significant impact on world equity and bond markets, much less the bank accounts of John and Jane Doe.
I wonder if FD or his champions have any idea what that even is.
In the good old days lots of people thought that tariffs were tools of crony capitalism. But that's just politics, right?
My mother's father thought the business cycle was defined by how long it takes to forget lessons learned the hard way. I think we're about due for a new verse to The Gods of the Copy Book Headings.
"the business cycle was defined by how long it takes to forget lessons learned the hard way"
Not just the business cycle, by any means. The jokers now in charge either have no idea of 19th & 20th century world history, or they are trying to replicate it. Let's just placate Putin- he's really a good guy at heart.
"Ambiguity is the No. 1 enemy of a market," former director of the National Economic Council and current IBM (IBM) vice chair Gary Cohn said on Opening Bid. "When a company creates ambiguity in their earnings profile, in their growth profile, in their business model, the market will punish that stock. When politicians, legislators create ambiguity in the way that taxes are going to work, the way that capital gains are going to work, the way that they're going impose tariffs, they create ambiguity to a market and the market as a whole reprices."
Comments
thx for worrying about toyota (customer since 1980s).
just last year, me another team-mate were trying convince others in our sports league that tesla was a toyota wanna-be.
we failed mainly because we didnt own a new one (of either) and were told we couldnt comprehend the difference.
https://www.valueplays.net/2025/03/29/durable-goods-orders-rise/
they are the only global mfg w/ waiting lists, will be ok.
Second, I didn't sell, and I'm doing well, as I have done for years. My portfolio was at its peak at the close last Friday 3/28/2025. If you know my style and goals, you know what I do. I hope your portfolio is doing great, BTW.
The best thing, as usual, is to do nothing and stop reading the scary stories. You should design your portfolio based on your goals with limited trades.
If you are a good trader, watch markets in real time and make adjustments.
“Another wipeout walloped Wall Street Friday,” Stan Choe of the Associated Press wrote today. The S&P 500 had one of its worst days in two years, dropping 2%. The Dow Jones Industrial Average fell 715 points, losing 1.7% of its value. The Nasdaq Composite fell 2.7%. On Tuesday, news dropped that the administration’s blanket firings and wildly shifting tariff policies have dropped consumer confidence to a low it has not hit since January 2021. Today’s stock market tumble started after the Commerce Department released data showing that consumer prices are rising faster than economists expected.
AIG chief international economist James Knightley said: “We are moving in the wrong direction and the concern is that tariffs threaten higher prices, which means the inflation prints are going to remain hot.” Business leaders like lower interest rates, which reduce borrowing costs and make it cheaper to finance business initiatives, but with rising inflation, the Federal Reserve will be less likely to cut interest rates.
@FD1000- Right you are! All of this is political and will have absolutely no impact on the financial arena.
(Note: Above information quoted from Heather Cox Richardson, 3/28/25.)
Just politics as usual. Nothing to see here.
I wonder if FD or his champions have any idea what that even is.
My mother's father thought the business cycle was defined by how long it takes to forget lessons learned the hard way. I think we're about due for a new verse to The Gods of the Copy Book Headings.
The Gilded Age wasn't all beer and skittles.
Not just the business cycle, by any means. The jokers now in charge either have no idea of 19th & 20th century world history, or they are trying to replicate it. Let's just placate Putin- he's really a good guy at heart.
Morning Brief
"Ambiguity is the No. 1 enemy of a market," former director of the National Economic Council and current IBM (IBM) vice chair Gary Cohn said on Opening Bid. "When a company creates ambiguity in their earnings profile, in their growth profile, in their business model, the market will punish that stock. When politicians, legislators create ambiguity in the way that taxes are going to work, the way that capital gains are going to work, the way that they're going impose tariffs, they create ambiguity to a market and the market as a whole reprices."
But, hey, keep dip-buying.