alt.hn

2/23/2026 at 3:19:57 PM

Dow drops 600 points as confusion grows after U.S. tariffs

https://www.cnbc.com/2026/02/22/stock-market-today-live-updates.html

by Betelbuddy

2/23/2026 at 3:32:42 PM

I moved my money to Gold and Microsoft when Donald took over. I thought they were safe havens... It's been a bumpy couple of months. :(

by gitbit-org

2/23/2026 at 11:04:51 PM

Aren’t you still up bigly?

by pfannkuchen

2/23/2026 at 4:27:32 PM

Diversification is your friend, not just across asset classes (equity + bond + precious metals/commodities + hard assets +alts) also trying to pick a single stock to be your safe haven is not always a wise move.

by ninininino

2/23/2026 at 5:24:05 PM

It's a few points, but consumers confidence is low and debt is _really_ high, saving rates are excruciatingly low (especially when compared to developing economies).

If I had to bet, US growth should be driven by AI investment, high-earner spending and net exports (a bit like China). Being a net exporter basically mean suppressing workers wages, so that tracks.

If tariffs are stopped all at once without being careful about it, I'm a bit wary of the chain reaction. We might see negative growth for a quarter (temporarily), but since the economy is vibe-based these days, that could end up really bad.

by orwin

2/23/2026 at 5:43:34 PM

Savings rates are higher in developing economies because there are fewer social safety nets.

by ta9000

2/23/2026 at 6:02:07 PM

Good thing we don't have to worry about a lack of social safety nets in the U.S.....

by lubujackson

2/23/2026 at 6:04:54 PM

Europe would disagree. Also past US would disagree. The issue I have with US saving rate is that the last time they were this low was 2005-2007.

by orwin

2/23/2026 at 6:45:42 PM

Saving rates are huge in Japan and they have great social safety nets.

by bamboozled

2/23/2026 at 4:37:43 PM

I don't think this is about tariffs (or rather, 'loans' which are inevitably going to be forcibly disgorged by the courts).

The crypto market plunged yesterday right as news came out that the OpenAI 'Stargate' project was dead in the water[1]. I think this is a continuation of that crash, and it's the realization that, while everyone was busy partying, the AI bubble hit an iceberg in the North Atlantic.

[1] https://www.tomshardware.com/tech-industry/artificial-intell...

by mullingitover

2/23/2026 at 4:28:58 PM

It will change, but it's currently down 834 points (1.68%) when I looked.

by burnt-resistor

2/23/2026 at 4:50:16 PM

600 points ... under 1.5% is not a move worthy of any discussion.

Call me at 2,000 points and we can talk.

by blitzar

2/23/2026 at 5:50:45 PM

Dow slides 800 points...https://www.cnbc.com/2026/02/22/stock-market-today-live-upda...

In case you dont know, more, and it will trigger the circuit breakers...plus you have margin calls...

by Betelbuddy

2/23/2026 at 9:36:01 PM

> more

Level 1 (7% drop): Triggers a 15-minute halt (if before 3:25 p.m. ET).

7% is a lot more than 1.6% and the plunge protection team would be active long before then.

by blitzar

2/23/2026 at 4:56:50 PM

This is the only sane take. The DOW moving 1.5% is not really news. 600 points sounds like a lot, but isn't. It's clickbait.

by wmeredith

2/23/2026 at 4:52:57 PM

Careful what you wish for

by canadiantim

2/23/2026 at 4:55:45 PM

Down a couple 100 points for the calendar year to date (in feburary) would not bother me in the slightest

by blitzar

2/23/2026 at 6:35:02 PM

Down 2000 points in a day tends to be just the start

by canadiantim