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Stock markets tumble after record-setting day as Trump’s tariffs cause volatility with investors (www.independent.co.uk)

submitted 5 days ago by [email protected] to c/[email protected]

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cross-posted from: https://metawire.eu/post/19467

After a day of historic gains, the markets tumbled as uncertainty reigns following Trump’s tariff plan pause

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[–] [email protected] 6 points 5 days ago* (last edited 5 days ago) (1 children)

Because it was the highest gain in a single day ever, it is considered to be historic.

But yeah, it doesn't mean much when it's isolated like that.

[–] [email protected] 2 points 4 days ago

It makes sense but it's still pretty disingenuous

If I throw out my wife's beanie baby collection and then bought 10 beanie babies I wouldn't proclaim to my wife "we just had our biggest day in history, 10 new beanie babies in one day!" Because once she is no longer elated about her ten new babies she will eventually begin to ask where the money for those came from, and presumably go to add them to her collection only to find her shelf empty. It's a historic day, I tell her again. We've never gotten this much at once!