The Trump stock market crash continues today, Dow is down 1,400 points

Tbird19482 said:
Sure looks like " Drill baby Drill " is really working.

The national average price for a gallon of regular gas rose again to $3.268, according to AAA.

This marks the third straight Friday that fuel costs have increased. Gas prices have changed over the last month. A week ago, a gallon of regular gas was $3.157. On March 18, it cost $3.078 per gallon.
So it is up 19 cents in two weeks.
I thought Trump was going to bring DOWN the price of gas the way he is bring down the markets.
Sure looks like he has things backwards , Gas is suppose to go down and the markets are suppose to go up not the other way around.
and in a few weeks when it does come down because the Saudis increased production and decreased the price of oil Trump will try and say it is all because of him and what he did.
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It's bullshit. Just before Biden left office he strengthened sanctions against Putin. The market drove oil up to just under $80/bbl after it hovered between $68/$71 for almost a year. Gas prices rose more than $.10 overnight, and now oil is trading well below $70/bbl for weeks.

Granted, summer brings higher prices due to increased demand, and a short term shortage due to refineries ending the ethanol garbage which takes retooling.

But oil is down $15/bbl since they jacked up the price of gas.
 
Althea said:
It's bullshit. Just before Biden left office he strengthened sanctions against Putin. The market drove oil up to just under $80/bbl after it hovered between $68/$71 for almost a year. Gas prices rose more than $.10 overnight, and now oil is trading well below $70/bbl for weeks.

Granted, summer brings higher prices due to increased demand, and a short term shortage due to refineries ending the ethanol garbage which takes retooling.

But oil is down $15/bbl since they jacked up the price of gas.
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Point was Trump said he was going to drill baby drill and bring DOWN the price of gas and it has gone up 19Cents in what 3 weeks.
 
We all know Trump is obsessed with the market. He took credit for what Obama did when it soared. How many times did he talk about the market ? Now he is silent.
 
Tbird19482 said:
Point was Trump said he was going to drill baby drill and bring DOWN the price of gas and it has gone up 19Cents in what 3 weeks.
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We've been at max capacity for years. Our industry doesn't want to drive the prices too low. Only morons react to DBD...the MAGA crowd.

OPEC+ just increased production a tad because they're starving. Our max capacity output has basically signaled to OPEC that they can go fuck themselves. Worldwide consumption is down.

Prices are what they are because the stock market keeps them that way. At some point the futures traders have to shit or get off the pot, and prices come down quickly.
 
Nordberg said:
We all know Trump is obsessed with the market. He took credit for what Obama did when it soared. How many times did he talk about the market ? Now he is silent.
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He was counseled that crashing the market and increasing the cost of goods will make it necessary to stimulate the economy via the Fed.

Powell spanked trump today. He ain't budging.
 
Dow down 2231.07 to 38314.86 at 4 pm ( 4/4/25 ) it was 43487.83 the day Trump took office on 1/20/25
So the DOW is down 5172.97 points in just over 2 months.
Trump is doing a hell of a job.
Market going down and gas prices going up.
Boy he has got that all backwards.
 
Jarod said:
Tennessee is flooding, Trump is golfing in Florida.
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Million dollar a plate fundraiser with the Saudis. They're bribing him to aid them in their sportwashing attempt via LLV.

It's collapsing around itself, but trump is a whore.
 
Tbird19482 said:
Dow down 2231.07 to 38314.86 at 4 pm ( 4/4/25 ) it was 43487.83 the day Trump took office on 1/20/25
So the DOW is down 5172.97 points in just over 2 months.
Trump is doing a hell of a job.
Market going down and gas prices going up.
Boy he has got that all backwards.
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He doesn't give a shit. He got elected. Only a moron would have believed what he was peddling during the campaign. He's laying the foundation for his own little oligarchy.
 
Globally the US has 36% of the consumption. The other countries HAVE TO SELL TO US to keep their economies afloat. Yes we are taking a dip but the market will be back so smart people will buy now.
 
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