After Hours: Stocks down in futures trading.

CNN Money ^ | 8/31/2015 | CNN Money

[PGalt]

now at -330.00

This will be another interesting day in the market. I’m not in. Good luck to all speculators.

[wiggen]

sovereign debt. its one reason rates rarely go up much any longer.

[expat_panama]

tx fer the heads-up

[click pix for updates/more info]

[trebb]

-329 now

I saw a disturbing headline on Yahoo finance yesterday - it stated that the "Market was trying to avoid going into correction".

Funy how the Market can make such an effort - it also begs how much correction might be appropriate....

Relax folks - the Market is alive and well - healthy and doing just what it needs to do...... (do I really need the "/s" ?)

[expat_panama]

Top o' the morning to everyone!  Yesterday's 'profit-taking' (down a % lower volume) seems now (if I didn't know any better) to be turning into a downside trend (see heatmap and NASDAQ in post 23).  Trends for gold'n'silver are staying flat (right now at $1,144.43 and $14.69).  We're also coming up to a begin-month data flood and today's warm-up is:

10:00 AM ISM Index
10:00 AM Construction Spending
5:00 PM Auto Sales
5:00 PM Truck Sales

Other headlines for our morning entertainment:

How Can a Strategy Still Work If Everyone Knows It? - Cliff Asness, AQR
Fed Wants to Hike, But Fears Investors - William Cohan, New York Times
Fed Awaits Moment To End the Zero Rate - David Malpass, New York Sun
The Chinese Sell-Off Will Not Sink Us - James Surowiecki, The New Yorker
With China, Ugly Shades of a New Spanish Empire? - Jacob Soll, Politico
Obama Fixates on Climate, Ignores the Economy - Editorial, Investor's
Resurrection Of Discredited Econ. Ideas - Richard Rahn, Washington Times
The Real Estate Market Not In Recovery - Keith Jurow, Advisor Perspectives

[mad_as_he$$]

The Jurow article is very sobering. Houses around here are in demand with a few new ones being built. They have also reached a stupid price level again.

Got cashed out on CVX and COP yesterday right before the close. Gain targets reached. I am cash.

[central_va]

Houses around here are in demand with a few new ones being built.

Where is here?

[mad_as_he$$]

Northern Nevada.

[ShadowAce]

It's not China that is doing this.

[central_va]

Northern Nevada.

People live there?

[ShadowAce]

(do I really need the "/s" ?)

Probably--there are enough people around who actually think that way.

[mad_as_he$$]

No, It is a terrible place. Everyone should stay away - especially if you are a Kalifornian.

[ShadowAce]

That sounds almost as bad as Texas.

But not quite.

[expat_panama]

The Jurow article is very sobering. Houses around here are in demand with a few new ones being built. They have also reached a stupid price level again.

The Real Estate Market Not In Recovery caught my eye because housing's supposed to be the 'in' sector w/ investors, but strangely none of my former favorites like Ryland Group RYL, KB Home KBH, D.R. Horton (DHI ) and PulteGroup  (PHM) have come up on my stock screens of yet.   At first glance the article didn't seem to have the hard info I was looking for to 'splain why housing's not what it seems but I'm still reading.

Got cashed out on CVX and COP yesterday right before the close. Gain targets reached. I am cash.

Yeah, I may have to 'tweak' back down a bit too today.  Stock index futures plunge is accelerating, now at -2.39%.

[expat_panama]

Northern Nevada.

People live there?

Of course, and we're not nut talking about Ben Cartwright and his kids.

[mad_as_he$$]

Alas the ranch is gone. Used to be a tourist attraction at Tahoe. Behind the main entrance door hung Little Joe’s green coat and the living room detail was exactly as the set in Hollyweird.

[expat_panama]

Sri to hear they’ve moved.

[BipolarBob]

The market is falling. In hindsight, I shouldn’t have made those speculations in tulip bulbs and the South Sea Company.

[GOPJ]

Down 350

[BipolarBob]

BTU is down 15% today if you think coal has a future.