PART II: THE DOW TODAY. 4/7/2025

I’ll add, don’t be surprised if the DOW drops 3,000 points today (or soon), probably a record for one day. Nasdaq will drop between 1,000 and 2,000 points. Enough already!!! I get a karmic 9 when I look at this. Update: 04:30: market this early doesn’t look as bad as last Friday.

What I get for certain is, this entire business week will be bad for stocks!

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At this point I want to make something completely clear. The stock markets have a mind of their own. They run on greed, fear, intrinsic value, news events, companies’ quarterly earnings reports, and “everything else!” Even Buffett doesn’t know what the markets will do. His A and B BRK stocks have been beat up lately. Mostly, he’s sitting on mountains of cash, waiting for a market low, a “correction” they call it. In 1929, the correction didn’t occur (complete) until 1939, a year also marking the prelude to World War II.

A tariff war is indeed a war! War — any kind of war — is never pretty! Many countries’ entire prosperity is dependent on the tariffs they charge. A sudden change in others’ (ours) tariff rates creates political instability, social instability. All normalcy goes out the window. Negotiation is required to come to a common understanding — or not! Right now the whole world doesn’t know which way is up because Trump suddenly decided to have a tariff war, mostly at our expense! Genuine dialogue and cooperation is needed from all parties. Me, I’d like to see no tariffs. Allow market forces determine value. When…