Stock market rebounds: Dow rises 400 points

[oberliner]

Source: CNN

The Wall Street roller coaster started to climb again.

The Dow rose 400 points Thursday. The broader S&P 500 was up 1.8% and the Nasdaq rallied 3%. Stocks bounced back after a sharp drop Wednesday that sent the Nasdaq into a correction.

The market has slumped badly in the past several weeks, but it hasn't fallen in a straight line. Volatility is spiking, and huge sell-offs have been interspersed with big gains, including October 16's 548-point jump for the Dow and October 12's 287-point gain.

Read more: https://www.cnn.com/2018/10/25/investing/stock-market-today-dow/index.html

[ck4829]

1. Dow goes up, dow goes down

[oberliner]

3. It's quite the roller coaster ride

[workinclasszero]

2. When Trump's tariffs really start to bite

It will go down and stay down.

People are just shopping for bargains right now I bet.

Not that I know anything about that den of thieves called Wall Street.

[MichMan]

4. I'm confused about the tariffs

Aren't tariffs just another form of taxes?

For a few years, the general consensus here was that corporations were not paying their fair share and taxes on them needed to be increased. Also that these same corporations were outsourcing to China because of slave wages and lax environmental standards

Now it seems like we oppose higher tariffs(taxes) because it makes those foreign goods more expensive with the costs either hurting corporate profits or being passed on to consumers in higher prices.

What am I missing?

[Tobin S.]

6. Protectionist trade policies can be deployed by either the left or the right.

They are usually used to protect the home country's economy and industries against foreign competitors. In recent years, both Democratic and Republican elected officials have been pretty much for free trade, with Democrats being slightly more protectionist than Republicans.

The consensus seems to be that Trump has deployed these policies when they were not necessary, and they may end up hurting us more than helping us.

[Polybius]

10. The far-right likes them though; read paleocons

By far-right, I'm not talking about Ted Cruz. Way further than that. Pat Buchanan ran on a tariffs platform during all three of his presidential runs. The right-wing paleo-con Constitution Party supports them as well.

[LanternWaste]

7. No

"Aren't tariffs just another form of taxes?"

No.

"What am I missing?"
Try here...
'Tariffs, Quotas, and Trade' by John Cuddington & 'Protection or Free Trade?' by Henry George

[hibbing]

5. It will probably take me a year to get to where I was

It always seems to drop like a rock and then even if the market is up for a week, my gains are modest compared to the drop. I suppose I should look into better advice.

Peace

[bluestarone]

8. The way i look at this is FALSE FALSE FALSE FALSE

Rumps rich cronies are keeping the market floating!!! I'm sure at the right time it will DROP LIKE A ROCK!!!!!

[olddad56]

9. dead cat bounce

[mpcamb]

12. Or a strong odor of manipulation, traceable to Donnie's buddies

[question everything]

11. At least Whiny Donny learned to keep him mouth shut on this issue