US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.
The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.
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Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.
I realize you are confused.
You don’t appreciate that having 200 shares of a fund today, at today’s valuation, is better than having 100 shares of that same fund today.
Because that’s the point I clearly made, which you ignored and constructed some kind of straw man on which you had your little Don Quixote party on.
And if you really want to understand the philosophy, the point is to take profits prudently and buy bargains when they present themselves. And that’s very much possible without exactly timing the market.
I have never sold at the top and never bought at the bottom. I have no crystal ball to time the market, but I have made a lot of profit buying low and selling high.
I appreciate you sharing more info on your approach. I think I have all the info I need to understand your position now. I hope you have a great day.