Tracking the next pandemic: Avian Flu Talk |
Financial Collapse |
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Albert
Admin Joined: April 24 2006 Status: Offline Points: 47746 |
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Crazy day in the market today. Today
the market opened in the green at +600 points, and everybody was
celebrating calling it "turnaround Tuesday", and at the end of the day
it tanked and closed in the red at -200. I had a feeling that would
happen. We saw the same large swings back in 2008. In fact, I had a friend text me today when it was +500 saying it's "turnaround Tuesday", and I said watch is close at -200. Closed at -204.
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Medclinician
V.I.P. Member Valued Member Since 2006 Joined: July 08 2009 Status: Offline Points: 23322 |
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I know you have been watching the market in real time as I have and it is very jumpy. It would appear we keep getting quick calls of recovery, when within minutes it dives once more. My basic feeling is TPTB (the powers that be) will make every effort to create an illusion of recovery and push their faulty unemployment rates, emphasize that we are recovering and use many other indexes which are merely putting off a real showdown this September and October. The quick fix of dropping the lending rates has been used many times yet the overall bad situation is not good. The pervasive shadow of a looming national debt crisis, soaring medical costs, and trying to put bandages on a multiple social programs we cannot afford will not stop the inevitable correction on the U.S. Stock markets. Medclinician |
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"not if but when" the original Medclinician
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Albert
Admin Joined: April 24 2006 Status: Offline Points: 47746 |
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Good point Med. Also, all of the talk has been the collapse is coming in October. That hype was probably started by the heavy hitters to get people thinking they have until October and to make a decision on whether to get out by then. This is allowing the big players time to liquidate - now. This explains the early sharp downturn. It seems that the wealthiest have already dumped or are doing so now. And they keep hyping the collapse is in another month or two. Daily the market is tanking. The wealthy are going to trample the middle class in this game.
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Satori
Valued Member Joined: June 03 2013 Status: Offline Points: 28655 |
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a co-worker and I were discussing the stock market last week I urged her to move her money into safer investments she was going to do it this week but for some reason went ahead and did it last week to say she dodged a bullet is to put it lightly she is one happy camper the crash of the market in Sept/Oct is not news to me I have been expecting it for quite some time the REAL news is out there you just have to look for it the crash of 2008 was predicted for at least 2-3 years before it happened I moved my money then also the sites I follow on the WEB predicted that crash down to the exact time period just like they have predicted this one the worst is yet to come this dip so far is just a shot across the bow the market may well recover,for a brief period before it crashes BIG TIME |
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Albert
Admin Joined: April 24 2006 Status: Offline Points: 47746 |
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Was the first time in history the market ever had two days in a row of -500 or more. First time ever. Pretty bad sign. You would have thought a bounce back today, but down again another -200. Today's bad finish is going to start more unease.
The problem with China is that no matter what their gov't (state) does, the people will never trust them. Years of deceit and lies are coming back to haunt them. The people have no faith in their gov't and don't trust them whatsoever. They're doomed no matter what they do now. It's hard for China to manipulate the stocks when nobody trusts them. If china gives a stimulus or reduces interest rates, and says this will fix it, the selloff gets worse. No trust. Bad stuff.. |
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Satori
Valued Member Joined: June 03 2013 Status: Offline Points: 28655 |
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Albert you could take out the word "China" in your post and substitute the "United States" people have no faith in government they are beginning to realize just how VERY corrupt it all is quite frankly if I hear ANYTHING from a "government" source I regard it as a LIE until verified by other more reliable sources |
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Albert
Admin Joined: April 24 2006 Status: Offline Points: 47746 |
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I heard the same thing as you just said a couple times yesterday with regard to the Feds, and no trust. I still think communist China has the world beat by a long shot. The deeper your lack of trust, the worse your economy is reacting these days. The downward trends per country could almost be a trust-barometer for a country. China has tried everything at this point, and they're still down -324 for this session at this moment. The European markets were doing really well a few hours ago, now they're all in the red as well.
Anyway, the collapse may very well be underway. We're breaking all sorts of bad records right now. I think people are just waiting to exit the market right now and will take any gain. Unfortunately that time may not come. Dow, S&P close lower in biggest reversal since Oct. 08 U.S. stocks closed lower, after a failed attempt to rally
from the Dow's worst 3-day point decline in history, as investor
confidence waned amid continued concerns about China and global growth. The Dow Jones industrial average and the S&P 500 closed about 1.3 percent lower after rallying nearly 3 percent earlier, their biggest reversal to the downside since Oct. 29, 2008. The S&P 500 remained in correction territory after falling there on Monday. The index also posted its first six-day losing streak since July 2012. In the last week-and-a-half, the S&P 500 lost
nearly $2 trillion in market capitalization, with $900 billion in this
week's two trading sessions alone. "That crash (Monday) was so big and so long since we had one (investors) don't want a repeat of 2008 so they bail out," said Lance Roberts, general partner at STA Wealth Management. Programming note: Tune in to CNBC at 7 p.m., ET, for live news coverage of the markets turmoil. The Dow fell 205 points and S&P 500 closed below 1,900 after falling into negative territory in the last half hour of trade. The Nasdaq Composite failed to hold slight gains and closed 0.44 percent lower. The Dow traveled another 1,600 points during Tuesday's trading session, adding to the 4,900 points the index traveled in down and up moves on Monday. http://www.cnbc.com/2015/08/25/us-markets-attempt-recovery.html |
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Satori
Valued Member Joined: June 03 2013 Status: Offline Points: 28655 |
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watch out for those dead cats A Note On Dead Cats Bouncing: Six Of Ten Largest One-Day Stock Gains Occurred During The 2008-09 Meltdown |
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Albert
Admin Joined: April 24 2006 Status: Offline Points: 47746 |
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We've been +300 all morning, but I'm guess will finish around -290. Somewhere in the range of -250 to -300
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Albert
Admin Joined: April 24 2006 Status: Offline Points: 47746 |
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+500 today. Big day. Gosh, I was only off by 800 pts.
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Technophobe
Assistant Admin Joined: January 16 2014 Location: Scotland Status: Offline Points: 88450 |
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As with all types of bets, its usually only the bookies that win, Boss. Your guesses have been better than most. You sure outguessed most Chinese punters.
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How do you tell if a politician is lying?
His lips or pen are moving. |
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Satori
Valued Member Joined: June 03 2013 Status: Offline Points: 28655 |
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JPM Head Quant Warns Second Market Crash May Be Imminent: Violent Selling Could Return On Thursday |
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Albert
Admin Joined: April 24 2006 Status: Offline Points: 47746 |
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Fridays are usually not good and are known for big selloff days. We've had a downward trend and those gains over the last two days may be wiped out pretty fast. China closed down yesterday after their positive one-day-wonder, and markets are set to open in the red the morning.
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Dutch Josh
Adviser Group Joined: May 01 2013 Location: Arnhem-Netherla Status: Online Points: 95567 |
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http://www.zerohedge.com/news/2015-08-28/we-are-all-preppers-now
Damian McBride is the former head of communications at the British treasury and former special adviser to Gordon Brown, erstwhile Prime Minister of the U.K. Yesterday he tweeted some surprising advice in response to the plunge in global equities markets.;
Evidently, McBride interprets the wipe-out of over $3 trillion in total global market cap during the three-day rout as a prelude to a much broader and deeper financial crash that will precipitate civil unrest. |
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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein |
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Medclinician
V.I.P. Member Valued Member Since 2006 Joined: July 08 2009 Status: Offline Points: 23322 |
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http://www.bloomberg.com/quote/SHCOMP:IND
China - this is bad. down 3,114.798
85.436
2.67%
As of 03:29:34 ET on 09/14/2015. Medclinician |
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"not if but when" the original Medclinician
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