Painful 2 days (April 3/4, 2025)

[Jluke]

Not sure if anyone saw but the DOW and Nasdaq shot up high. Like 700 for Dow maybe between 10-10:30.

individual stocks moved up but then that didn’t match any of the articles so it went back down

Found this explanation online.

[quote]
After three days of consecutive declines on Wall Street, the indexes suddenly rose earlier in the day on reports that Kevin Hassett, a top Trump adviser, said the White House would consider a pause on all countries but China. Markets quickly retreated yet again as it became clear that the speculation was based on a Fox News interview in which Hassett did not make that suggestion. [quote]

[LivingAlmostLarge]

well you know what I'm down 15% YTD. I haven't told my mom yet maybe today I will have too. Interesting since she is a trump supporter. There will be pain for both of us

[ua_guy]

Not sure if anyone saw but the DOW and Nasdaq shot up high. Like 700 for Dow maybe between 10-10:30.

individual stocks moved up but then that didn’t match any of the articles so it went back down

Found this explanation online.


After three days of consecutive declines on Wall Street, the indexes suddenly rose earlier in the day on reports that Kevin Hassett, a top Trump adviser, said the White House would consider a pause on all countries but China. Markets quickly retreated yet again as it became clear that the speculation was based on a Fox News interview in which Hassett did not make that suggestion.

The early spike (Pacific time)? I did see that, and wondered what it was. I hadn't gone looking for an answer, but that certainly explains it.

[myrdale]

what is with these ads?????

You've got to remember, regardless of if the site is a labor of love, it is a business. It has expenses to keep up, and ads are the source of revenue that keep it up.

Personally I have zero tolerance for ads. I will not under any circumstance click on any ad. I'm probably a "bad customer" of the site. But then on the other had you and I and others here do generate a good bit of content to draw people in. I suspect regardless of my interaction or not with the ads, they are still coming out in the positive with us here than not at all.

[james.hendrickson]

You've got to remember, regardless of if the site is a labor of love, it is a business. It has expenses to keep up, and ads are the source of revenue that keep it up.

Personally I have zero tolerance for ads. I will not under any circumstance click on any ad. I'm probably a "bad customer" of the site. But then on the other had you and I and others here do generate a good bit of content to draw people in. I suspect regardless of my interaction or not with the ads, they are still coming out in the positive with us here than not at all.

Guys - the ads should be off the forums. It may take a day or so for the Adsense servers to get the message.

[disneysteve]

That early spike was due to a rumor that tariffs were being paused. As soon as the truth circulated, the decline resumed.

[EasyMoney00]

At this point we all need to have some faith. Time for all of us to pray. We need help from a higher power.

[Snydley]

These are lousy examples of what "you" call stealing. Typically all you can eat establishments do not let you take food home (not stealing). I am not commenting on the cancelation policy because it can vary widely.

Interesting. I guess we will have to agree to disagree on this. I can give more examples, but I guess there's no point- you would might think it's fair that my insurance company just charged be nearly $857 for my husband's 15 minute ambulance ride, and nearly $100 for blood tests I didn't ask for, all on top of copays, when I cannot get these prices upfront. Oh and I have 'great' health insurance (Blue Cross). I'm sure the $857 went mostly to the back to the EMT workers, that must be a great gig!

[Atretes1]

Is anyone here buying anything on the downturn as far as individual stocks?

I am buying VTI (Vanguard Total Stock).

[Atretes1]

Interesting. I guess we will have to agree to disagree on this. I can give more examples, but I guess there's no point- you would might think it's fair that my insurance company just charged be nearly $857 for my husband's 15 minute ambulance ride, and nearly $100 for blood tests I didn't ask for, all on top of copays, when I cannot get these prices upfront. Oh and I have 'great' health insurance (Blue Cross). I'm sure the $857 went mostly to the back to the EMT workers, that must be a great gig!

I have have seen a couple of people bash billionaires on this forum. Like, if you don't like it. Become a billionaire yourself. I would also guess that most Airbnb owners are not billionaires.

[ua_guy]

I have have seen a couple of people bash billionaires on this forum. Like, if you don't like it. Become a billionaire yourself. I would also say that most Airbnb owners are not billionaires.

Nobody likes being taken advantage of, or not getting what they were told they were going to get. Billionaires get a lot of focus because their actions affect many people, and they often have money to know and/or do better. There are, actually, ethics in business, and wealth shouldn't be an exemption.

[LivingAlmostLarge]

Here's two examples: (1) Disney, Ohana restaurant: it costs $75pp for all you can eat food with waiter service. Last year, they asked us what we would like from each course option, and we took home what we didn't finish that was left on the table (you know, like we all do at restaurants, all the time). This year, the waiter brought out full plates of steak, shrimp, chicken, salad without asking us first, and then, when I asked for to-go boxes, he said he wasn't allowed. He said the CEO of Disney was in the restaurant a few months prior and told him no more to go boxes. Also, I would guess he threw in a 'get it all on the table' rule so people don't ask for their money back when they eat considerably less than $75 worth. I then asked if the food would be donated, and he said no, if it's on the table it gets composted. The waiter said he was sorrym that he felt like it was our food because we paid for it (damn right we did!!). And what an incredible waste, how horrible for the environment, all that meat into the garbage, all so people staying at Disney keep spending $ of food and don't eat leftovers kept in the hotel rooms for another meal.

(2) Airbnb: I have been a big time Airbnber in the last 5 years, I have used them all over the US and in Europe. Last year, I rented one and then realized I wouldn't be using that rental for our trip. I asked the owner if I could have just one more hour to make this decision than what was allowed in their refund policy; she said sure. This was a mid-week very off-season rental (total bonus $ for her); I took the extra hour to cancel. She then refused to refund any of my $. I called Airbnb several times, asking them to cover the 1/2 deposit ($800), because it's all documented in our message exchanges that she has agreed to give me one more hour. I was so shocked that they said to me "that is between you and her'. What gives Airbnb the right to take a good amount of $ from all these transactions if there's no protection on their end?? This is very different from how they treated me in the past.

In both cases, stealing.

I gotta agree that's not stealing. The first one is a waste but the restaurant can run the way they want.

The second one I have found more that Airbnb hosts cancel without any problems because they can make more money than what I am paying. That really annoys me. But I personally would have cancelled and rebooked instead of waiting the extra hour. I Would say they are well within their right even if they agreed. I always try to consider it from the other side they just wanted their money

[EasyMoney00]

Interesting. I guess we will have to agree to disagree on this. I can give more examples, but I guess there's no point- you would might think it's fair that my insurance company just charged be nearly $857 for my husband's 15 minute ambulance ride, and nearly $100 for blood tests I didn't ask for, all on top of copays, when I cannot get these prices upfront. Oh and I have 'great' health insurance (Blue Cross). I'm sure the $857 went mostly to the back to the EMT workers, that must be a great gig!

No, you do not have great insurance. You probably have some high deductible junk like a lot of people. Our son just took an ambulance ride, non life threatening. He was driven 1.8 miles and it cost $1,000. Insurance paid $900. We paid $100.

Stop blaming everyone else for the problems you have. I know a couple people with this attitude that the world is out to get them, life isn't fair. I no longer see these people. It's exhausting being around them.

[Atretes1]

No, you do not have great insurance. You probably have some high deductible junk like a lot of people. Our son just took an ambulance ride, non life threatening. He was driven 1.8 miles and it cost $1,000. Insurance paid $900. We paid $100.

Stop blaming everyone else for the problems you have. I know a couple people with this attitude that the world is out to get them, life isn't fair. I no longer see these people. It's exhausting being around them.

I agree with the stop blaming everyone attitude.

I do have a high deductible plan and I love it. I max out my HSA every year and I am using my HSA like a retirement savings plan. I just know that if I have a catastrophic event my max out of pocket for the year is $3,300. My premiums on my paycheck are only $7 every 2 weeks. I am single and go to the DR once a year for my physical currently my medical cost now are very low.

[Jluke]

April 9: pause in tariffs. Up 96k.

off my all time high by about 140k

painful 4 days. Who knows what is in store for the market.

everyone has a plan until they are punched in the mouth.

I wasn’t happy but I also wasn’t going to let four days of market swings change my investment plan.

it has opened my eyes to risk tolerance and figuring out a plan to have more “cash like” assets to support expenses so I can let retirement funds continue to earn in down market. As I am approaching 50 years old.

in the last couple years I did increase my cash holding from 40 to 60 to 100 to 120k (goal for year end)