Progressive Care Inc (fka RXMD)

[ArmoredDragon]

I think it might go down a bit, but not through the fault of margin traders or the company. I think a lot of people are wanting to avoid investing in the stock market right now because the tariffs have created a lot of uncertainty. People like to claim that tariffs save jobs because their intuition says so, but in reality they do the opposite.

Take for example the steel tariffs in the early 90's, which was supposed to save steelworker jobs. Sure, it preserved many steelworker jobs, but each job saved cost the overall economy $345,000 per year per job saved. Because steel became more expensive, other industries that use steel were hit pretty hard, and those industries were (and still are) our top exports, such as earthmovers (i.e. caterpillar) jumbo jets (i.e. boeing) and farm equipment (i.e. john deere). One thing that tariff advocates don't realize is that imports and domestic production rise and fall with one another almost in lock-step; what changes one changes the other almost the same.