Posted on 08/21/2015 8:51:46 AM PDT by Enlightened1
What has been happening on Wall Street the past few days has been nothing short of stunning.
On Thursday, the Dow Jones Industrial Average plummeted 358 points. It was the largest single day decline in a year and a half, and investors are starting to panic. Overall, the Dow is now down more than 1300 points from the peak of the market. Just yesterday, I wrote about all of the experts that are warning about a stock market crash in 2015, and after today I am sure that a lot more people will start jumping on the bandwagon. In particular, tech stocks are getting absolutely hammered lately. The Nasdaq has fallen close to 3.5% over the past two days alone, and it has dropped below its 200-day moving average. The Russell 2000 (a small-cap stock market index) is also now trading below its 200-day moving average. What all of this means is that the stock market crash of 2015 has already begun. The only question left to answer at this point is how bad it will ultimately turn out to be.
When stocks were booming, tech stocks were leading the way up.
But now that the market has turned, tech stocks are starting to lead the way down…
(Excerpt) Read more at theeconomiccollapseblog.com ...
is there any money left in the “Plunge Protection Team” budget ?
I’ve been watching today. Fascinating:
I was just telling my wife we might see the PPT kick in around 2:00 fast time.
Guess time will tell. I for one am glad I don't invest in the stock market. Not that I could anyway since I'm a lowly pauper who hardly makes enough money to rub two nickels together.
I read that they are predicting a 10% correction which is not going to trigger an economic apocalypse. 10% corrections are not out of the norm. Run the Dow down to 6500 and now you have a crash.
I’m up over 10% this year shorting oil - just saying ... I don’t make the waves I just ride them.
If we can get the DOW down to even an 8-10K area, I will be the "Happy Equity Shopper". '09 was fun too.
DOW now down 232, was down 323 earlier.
I’m curious not being American, what is public sentiment in the US? Do they believe the absurd employment numbers that improve quarter by quarter?
So now the democrats can say their policies are working and we need to do more of the same.
Know plenty that believe whatever the wun and state media tells them.
A lot of Americans know the financial manipulations won’t work forever. Lots of bogus stuff going on. The statistics have been played with for years.
First hump is the tech bubble, second hump is the real estate bubble, third hump is where we are today.
1. Place the blame squarely on the shoulders of Obama and the Democrats who have had control of everything and have had their way in virtually everything since the crash of 2008, they have had their budgets, they have had their spending, they have had their way at the Fed imprinting zillions. This crash is all Democrat. It should be pinned on them.
2. If a dislocation occurs it might be the "Black Swan" event which opens the way for real reform in America providing conservatives can seize the moment and dominate the debate-two things they are not renowned for doing but this time around we have Cruz and Trump who might manage it.
Manage what? Effectuating real reform by regulation, by legislation and by application of Article V.
“I’m curious not being American, what is public sentiment in the US? Do they believe the absurd employment numbers that improve quarter by quarter?”
Who is “they”?
No, people do not believe the emp numbers, but as a trader you can not not believe the numbers because the big money believes the numbers. Not really believe, you have act on, act as if you “believe”.
And then again, sometimes hot employment numbers are seen as “signs of a strong economy”. “Let’s buy stocks!” Sometimes, strong employment numbers are signs that labor costs will rise, inflation is heating up, Fed will raise, stocks fall.
Nothing means anything. It is how it is perceived (which is what you asked)
It takes a lot of spidey sense to suss out how the market will react, if that happens to be your focus.
Yes I do, as I drive around my area and all the construction vans and trucks are still in the drive way. Plus every time I go out to buy supplies another suppler I have used for years is closed down. I get 10 or more calls from people wanting to know if I have any work for them every week. The grocery stores have reduced the size of there shelf’s and the walk ways between are bigger. Most shelf’s have only one facing deep. The real teller is the store front down the road from me that is six years new and still is empty. It’s going real good here in America!
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