"We May Take A Hit": Trump Warns Investors To Prepare For "Pain" In The Market

Two days ago, when we commented on the early morning plunge in stocks (which was subsequently fully reversed by the close in a historic 800 point Dow reversal), we said that a long-standing question - will Trump pick plunging stocks or trade war - had finally gotten its answer when CNBC's Eamon Javers said that a "White House official said the the WH recognizes that Trump’s actions are hitting the stock market, but this is “a longer term thing,” and the president has to follow through on a key campaign promise."

Moments ago, Trump himself confirmed that when in a radio interview on Friday morning, the president said that U.S. markets could face some “pain’’ from the trade standoff with China and other countries, but - like on Wednesday - asserted that in the long-run, Americans would be better off due to his protectionist actions.

Speaking on WABC Radio's “Bernie & Sid in the Morning’’ program, Trump said "I’m not saying there won’t be a little pain so we might lose a little of it but we’re going to have a much stronger country when we’re finished, and that’s what I’m all about.’

"We have to do things that other people wouldn’t do. So we may take a hit, but you know what, ultimately we’re going to be much stronger for it,’’ Trump said during the radio interview on Friday. “It’s something we had to do, and ultimately if you take a look it’s not only trade with China - it’s everybody."

To be sure, stocks have fluctuated dramatically in the past few weeks when Trump drastically intensified trade actions and jawboning against several countries, mostly China. Indicating that he is willing to accept some notable losses in the S&P, Trump said in the interview Friday that “the market’s gone up 40% or 42%.” Which suggests that the president would be ok with a drop of 20% or so if it means winning trade war against China.

Meanwhile, as reported earlier, in response to Trump’s latest tariff announcement, China said it would counter U.S.  protectionism "to the end, and at any cost," as a war of words over Trump’s proposed tariffs on Chinese imports escalated.

"The Chinese side will follow suit to the end and at any cost, and will firmly attack, using new comprehensive countermeasures, to firmly defend the interest of the nation and its people,” the Commerce Ministry said in a statement on its website on Friday.

Finally, recall that China yesterday admitted that "squeezing" the US stock market is perhaps its biggest leverage. It now has a green light from the president himself to do just that...

... and between that, and Trump's admission that stocks are going lower, it may be time to sit on the sidelines for a while.

Comments

mobius8curve BigWillyStyle887 Fri, 04/06/2018 - 09:45 Permalink

Please understand this has been all planned for 30 years and slowly being implemented over that time by the BIS and their central banks in every nation on earth but 4 now which just happen to be the countries in the news today:

http://www.univverse.org/politics/only-4-countries-left-without-a-roths…

https://www.zerohedge.com/news/2017-07-09/economist-get-ready-world-currency-2018

Albert Pike told us a 3rd world war was coming but there had to be 3 major crisis between the 2nd and 3rd world war to set the stage:

http://www.threeworldwars.com/albert-pike2.htm

It is all part of creating distractions from global corporatism controlling the world through food:

https://www.independent.co.uk/life-style/companies-control-everything-y…

It can not be a coincidence that the whole system is more leveraged than at any other top in 100 years. Hyperinflation is the plan that will indeed cause the burning cash under the phoenix that should begin in earnest this year right on schedule. This is complete collusion on the part of most central banks coming down from the BIS who is loaded with satanists hanging out between there and CERN.

That will morph into this:

https://www.csoonline.com/article/3259889/biometrics/self-sovereign-bio…

Over the next 7 years:

https://sumofthyword.com/2016/10/04/the-rapture-of-the-church-is-after-

The masses already have a physical mark in their retina or hand/finger prints. All that’s required to keep them from buying or selling is to phase out cash and replace it with a crypto currency riding on the back of block chain riding on the back of the internet. Then do away with passwords thus requiring them to burn their retina or hand/finger prints to access their iPhone to access the internet to do any future purchasing. It does not matter how decentralized the crypto currency is if the gate keepers of the internet refuse to allow them to access the internet with their iPhone if they do not comply with the beast:

Revelation 13:16-17 And he causeth all, the small and the great, and the rich and the poor, and the free and the bond, that there be given them a mark on their right hand, or upon their forehead; (17) and that no man should be able to buy or to sell, save he that hath the mark, even the name of the beast or the number of his name.

Our Father proved His physical children “Israel” and now He is about to prove His spiritual children “Israel”:

https://sumofthyword.com/2017/12/19/all-israel/

History(His~Story) always repeats:

Ecclesiastes 1:9-10 That which hath been is that which shall be; and that which hath been done is that which shall be done: and there is no new thing under the sun. (10) Is there a thing whereof it may be said, See, this is new? it hath been long ago, in the ages which were before us.

In reply to by BigWillyStyle887

Brazen Heist BaBaBouy Fri, 04/06/2018 - 10:40 Permalink

Plunge protection team at work.....giving us a dose of Friday humour.

The shitshow is on life support, and somebody is gonna pull the plug soon.

The central scammers will waste tremendous ammunition once the market turns, and it won't be worth defending anymore.

In reply to by BaBaBouy

Adolph.H. Stan522 Fri, 04/06/2018 - 12:22 Permalink

Trump, and for that matter, the American government, does not hold the knife by the handle. 

In other terms, he screwed up. 

Badly

Badly

It evades me how U.S. presidents think the rest of the planet plays poker with America. They don't, and when they set out to do anything, it means some of them have the will and the means of what they endeavor to realize. 

In reply to by Stan522

zuuma the cork Fri, 04/06/2018 - 13:20 Permalink

rare earth metals

China has all of 'em.   We got none.

That's what makes your hard drive hard, and your touch screen pretty.

We could mine them here, but the by products are super nasty, so not profitable.

 

China doesn't care, so they mine 'em & leave vast uninhabitable wastelands

They cut off those exports and we will feel a good pinch.

In reply to by the cork

Miffed Microbi… zuuma Fri, 04/06/2018 - 14:33 Permalink

Oh dear God, like what you are saying like there'd be no touch screens and like the apps wouldn't work and I'd have to like buy a fucking rand McNally road map to find my way around? Actually meet my friends rather than clicking on Facebook? Use a paper dictionary? Read a paper book? It's like life would be over! 

 

I say pull it. Some of us could handle it. 

 

Miffed 

In reply to by zuuma

zuuma dbsbunker Fri, 04/06/2018 - 16:21 Permalink

Indeed.

The CONUS has LOTS of rare earths. in the ground. All we would ever need.

Huge operation in Colorado (Loveland Pass area) just went bankrupt.  It was a Molybdenum mine.

They got caught "polluting" in some way & were fined to death.

That and wild price swings due to China being the largest producer (they can dictate price by adding & subtracting from the market)

But we -- so far --care about the environmental cost of extracting, so not worth it.

Maybe, 'till now.

In reply to by dbsbunker

bluez Adolph.H. Fri, 04/06/2018 - 13:14 Permalink

My impression is that this should, and would, have worked great if it had been done 50 years ago.

I believe the plan was to export all our manufacturing, collapse Russia, and then use its vast resources to manufacture "goods" for the USSA in China and Japan. This had nothing to do with "ideology". But... This scheme went off the rails when a little thing known as "Putin" happened.

I so love the little story about how our agencies had "no idea" that the USSR would collapse. Their mistake was that they were far too confident about which way the dominoes would eventually fall.

Now... The agencies have completely lost their minds. And it would not surprise at all if folks were soon to walk into a Wall-Mart only to find empty shelves.

It's hard to believe that major manufacturing will ever return to the USSA. Wars happen because the psychopathic rulers refuse to lose.

In reply to by Adolph.H.

not dead yet bluez Fri, 04/06/2018 - 15:49 Permalink

If you had actually been in a Walmart you would know most of the store is not made in China. You have no idea how most of American retailers are chock full of China or anywhere overseas.. All of your discount retailers are chock full of China especially Target. I love how people think they are too good to shop with the unwashed masses at Walmart go to Target and buy the same shit for more money. You do know that the hub of manufacture for all kinds of electronics whether it be consumer or industrial is Asia and especially China. Been nice knowing ya Best Buy. Good luck expanding and improving the internet and telecommunications. Your auto parts stores will be mostly empty. Ah but we'll always have our Craftsman power tools. Wrong, they went to China years ago. Good luck bringing all this back and getting the machinery to make it which is made in Asia and China. Of course we still have John Deere and Caterpillar manufacturing here so we will be able to dig huge pits to bury our electronics when the Chinese flip a switch and all of our electronics die, including the high tech military, as they built back doors into their stuff.

I mention all this to show the ignorant that all of our CEO's have sold us out so they can have free sky boxes at the big venues, their own company paid for plane with an unlimited expense account (if this year is like years past the airport at the now playing Masters tournament is full to overflowing with corporate jets on "business trips"), extra pay and perks because the company can't exist without them until it does, and nice oversized fancy digs with an oversized even fancier office for MR CEO. Of course lots of all expense paid trips on the CEO plane staying at the top dollar hotels as he "manages" his overseas empire. Yep, our CEO's are correct when they care about the welfare of their employees. Of course that only includes those who come to work in expensive suits. Blue collar? Totally invisible to those suits.

In reply to by bluez

Endgame Napoleon Brazen Heist Fri, 04/06/2018 - 10:56 Permalink

Oh, you think it is the Fedsters, trying to disguise the emptying of their overloaded balance-sheet wastebasket by timing it with a trade war so that the Fed can blame underemployed Deplorables whose jobs were shipped to China and Mexico?

Dark....

I am not sure about that. Trump has always wanted the US to insist on less lopsided trade with China. If our country’s leaders had done that 30 years ago, rather than handing China the manufacturing side of the tech industry in a hand basket, we wouldn’t have so much underemployment of citizens.

In reply to by Brazen Heist

Baron von Bud natxlaw Fri, 04/06/2018 - 12:10 Permalink

China got rich not by cheating but by playing along. Do you believe all those factories and jobs went to China while nobody was looking? It was a business decision by the US govt and the S&P500 corporations. Cheap labor, no environmental controls, lower taxes, and vastly less regulation. That profit game is tapped out due to voters pissed off and angry. The US/China will work out a more balanced system where the rich continue to win on both sides of the Pacific.

In reply to by natxlaw

veritas semper… Brazen Heist Fri, 04/06/2018 - 15:26 Permalink

The shitshow has been on life support since 2008 ,when the collapse happened.

Since then,US applied some band aids pretending it was 'just a flesh wound' and injected Trillions into the crooks' accounts,instead of jail time.

That was probably the last opportunity US had to improve things.

There is nothing left to do but to place Don Corleone at the White House ,trying to extract some extortion fees from where he can.Like the Saudis. Not so easy with the Russians and Chinese.

In reply to by Brazen Heist