Dow tumbles 322 points after Biden plans to nearly double capital-gains tax for wealthy Americans. U.S stocks reversed lower in a swift fashion on Thursday after reports that President Joe Biden is slated to propose much higher capital gains taxes for the rich.
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By Stock Chat

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35 thoughts on “Why did the stock market drop today? (my plan)”
  1. Avataaar/Circle Created with python_avatars Jane Martin says:

    Starting early in Stock Marketing is the best way of getting ahead to build wealth, and investment strategies I believe should remains as a top priority to everyone.

  2. Avataaar/Circle Created with python_avatars adams bules says:

    Stock trading is made easy when you know the right thing to do. I really find it difficult learning how to trade that's why i let a professional trader like Sivakumar Sowjanya handle my trading activities, all i do is just invest and wait for my profit after 7 trading days and she always delivers as promised .

  3. Avataaar/Circle Created with python_avatars jane Dilip says:

    nice video!!! Very engaging from begining to the end. Nevertheless, businesses and Investment are the easiest way to make money irrespective of which party makes it to the oval office

  4. Avataaar/Circle Created with python_avatars Mr Kennedy says:

    I can only imagine the extent of fear in the minds of investors and traders at the moment. Everyone is looking to empty their portfolio. Indeed the game is for the shrewd.

  5. Avataaar/Circle Created with python_avatars Gregor Jim says:

    "Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off." — Carlos Slim Helu. Do not fret, it would always bounce back as it has always done.

  6. Avataaar/Circle Created with python_avatars Joseph Edwards says:

    There is a interesting person, who can be googled as "Walter Bulls copy'. He made a fortune for himself a few years ago. Lately, such services have appeared that allow copying the results of skilled players. This personage shows how to copy him in automatic mode using such services. We gotta try while the market is on the rise

  7. Avataaar/Circle Created with python_avatars Elena says:

    I have passed through hell trying to make profit in trading. I have lost all I have . I am totally frustrated.

  8. Avataaar/Circle Created with python_avatars Janusz Kukulka says:

    Hi, Somebody is bothering me to buy cryptocurrency. I am not interested anymore, this is slippery. Please don’t call me

  9. Avataaar/Circle Created with python_avatars Michelle Johnson says:

    I'd love to build a huge stock portfolio, I've set asides $500k to start investing, however, the constant ups and downs in the market keeps throwing me off, please I could really use quality tips and guidance on a safe way to invest.

  10. Avataaar/Circle Created with python_avatars newg guy says:

    i think alot of people are losing money,

  11. Avataaar/Circle Created with python_avatars Awesome Life says:

    OCGN Stock Positive Covid 19 Vaccine Results.!!! ….

  12. Avataaar/Circle Created with python_avatars real goals says:

    I enjoyed your video, I am actually tired of worrying about stocks and stuffs… its driving me nuts these days, I think cryptocurrency investment is far better than stocks

  13. Avataaar/Circle Created with python_avatars Okchaz says:

    Do a video on the best deals right now 🔥

  14. Avataaar/Circle Created with python_avatars V D says:

    What would you do Ricky? With capital gains tax increase?

  15. Avataaar/Circle Created with python_avatars Justin Kirk says:

    I see more of a sell off on Peloton due to the negative catalyst it has with the toddler deaths and that HUGE head n shoulders pattern 👌👌👌

  16. Avataaar/Circle Created with python_avatars Detra Ed says:

    But honestly this set back may be good cause the market was too high and this might be a blessing in disguise because these tiny…crashes that we have been having have been pushing down the market and not allowing pricing to accelerate so fast for an even bigger crash…which is good in the long run I think..It might be painful but tiny crashes are better then big huge crashes. I wouldn't be surprised if a lot of these tiny crashes are being orchestrated by the govt to lower market pricing because they realize the market is too high due to a lot of the stimulus and low interest rates..cause the info leaked plus it wasn't very detailed info..meaning we dont even know when this tax hike will take place which is actually the most important detail of the conversation.

  17. Avataaar/Circle Created with python_avatars Detra Ed says:

    Its so funny cause I think the hedge funders or some people had insider info before it happened cause I noticed the dow was red for both dow and nasdaq but yet many dow stocks were green and then the dow went green and the nasdaq went green but tech stocks kept falling.

  18. Avataaar/Circle Created with python_avatars Jorunn Berban says:

    What you do today what your future thank you for? My answer; I Exit Comfort Zone! You earn thumbs up Ricky!

  19. Avataaar/Circle Created with python_avatars 2 Bird dogs and a Wolfdog says:

    Bought 110 of MARA at 35.39. Would be amazing if it hit 55-60 next week. 😶

  20. Avataaar/Circle Created with python_avatars Jim Beezer says:

    Title of the video should be, Biden f**king over America and why stocks are tanking.

  21. Avataaar/Circle Created with python_avatars Onepumpchump123 says:

    I was laughing my ass off when this happen. 😂

  22. Avataaar/Circle Created with python_avatars extremeboy says:

    Bidens tax plan will not go anywhere..not worried and looking forward to picking up everything people dropped….we are all living in hell anyway….

  23. Avataaar/Circle Created with python_avatars Xuan Kai - Daytrading and Investing Journey says:

    Learning point of the day:
    Markets were down today due to news of Biden wanting to double capital gains tax.
    This dip can be considered a nice opportunity to load up on some shares that are down.
    What ricky is watching:
    1) PTON (Currently at support)
    2) TSLA
    3) PINS

  24. Avataaar/Circle Created with python_avatars Lucky Lodes says:

    Small craps gonna eat more shit, rich will do the ditty, day trade div plays for now

  25. Avataaar/Circle Created with python_avatars Matt Kyle says:

    Biden blabbing about tax cuts for rich. Super Rich screaming about inflation means peasants like us getting money. $11 for a hamburger doesn't mean I'm getting money or rich.

  26. Avataaar/Circle Created with python_avatars QueferSutherland says:

    I love the red, I never freak out.
    I know I can get in on some really good deals. Most people freak out because they spend money they need and not money they're not going to worry about

  27. Avataaar/Circle Created with python_avatars Jeff in Texas says:

    Ricky I made money today on PTON using the support and resistance levels while watching NQ – it felt like the good 'ol days trading DGAZ and UGAZ. What you teach works.

  28. Avataaar/Circle Created with python_avatars Keith Baldwin says:

    It's just really unfortunate honestly. This week was one of my best weeks in months, but obviously the news today wreaked havoc on my account. Luckily I had just sold out of several runners this week and have enough buying power to buy up the dip. Great video, I think it helps a lot of people to hear a influential voice show some positivity during rough times. Hold strong everyone, don't let this break you.

  29. Avataaar/Circle Created with python_avatars John Kwak says:

    if biden does pass the double of the capital gain tax…its going to hurt all investor.s

  30. Avataaar/Circle Created with python_avatars Jairo says:

    Check $ORCL it is on a sell off move..!..‼️….

  31. Avataaar/Circle Created with python_avatars nick panico says:

    CELSIUS IS GOING TO TAKE OVER THE FITNESS GAME 10 CALORIE CARBONATED DRINK before workout SLAPS
    CELH

  32. Avataaar/Circle Created with python_avatars Jad Ayash says:

    The market has dropped a sell signal on the 180 day Mac d signal

  33. Avataaar/Circle Created with python_avatars Devoy Williams says:

    aint much to do just don't get him reelected

  34. Avataaar/Circle Created with python_avatars $tockpro says:

    Nice you shorted Tesla and where successful! That is nice as Tesla needs to be shorted and go back to a better price. I see Tesla 5 years from now trading under $100! Keep shorting my friend……….

  35. Avataaar/Circle Created with python_avatars Billy thompson says:

    I feel there are more to this mar ket than we know. Ask for a proper guidance before i'nvestin'g in this pretty much complicated mar ket. I've made over 38 b tc f'rom an a'llocation of 7 b tc over the last 8 months u'sing M'ary G'arrison help. Things might get worse so just make the smarter move. Her what's…app=(+..1…3…6…1…5…0..2…0…5…3…3))

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