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 ...
Do they believe the absurd employment numbers that improve quarter by quarter?...No. The true unemployment figure is (or has been) 33%- 35%.
I don’t think this is it.
Go to youtube and search September 2015. ;-)
90% of anyone right of center in this country believes little or nothing the government tells us. Here at FR that number is closer to 99.9% :)
Interesting. So the administration is spinning a story real Americans are not experiencing, unless you are a tenured professor somewhere?
Just curious because I think that Main Street sentiment is important. Wall Street of course loves the positive spin from Washington, even though they know it is all BS.
The problem, and especially the past two elections is that we have created a voting class of entitlement junkies who fear they will lose their "stuff" if a non-democrat is elected. I am afraid that unless something serious happens to the fiber of this country, this trend will continue.
A 10% correction from say 18,000 would be 16,200 we are almost there.
No, no one believes the gov stats on anything.
Excellent. I've been sitting on cash for a while waiting for it.
I don’t either. I predict a brutal open on Monday and then during the day the bargain hunters will enter the market to scoop up the good stocks at bargain prices and we will see the market hit a support level and stop at least temporarily.
“No, no one believes the gov stats on anything”
I’d say anyone whom voted for Odunga or contemplating the same for Canklebeast would beg to differ.
6500? Hell we can do better than that I am looking at 2000 by next year
I think you are right. Eventually enough people say, “at this price, there is no way I’m selling”. At that point it hits a support level. However, like you said, it may be only temporary.
Asian and European metals markets are open now and gold, not surprisingly, is up $1.10 but platinum is up $6.00. I use kitco.com to check all metals along with all market data (box at bottom left) it has only a 10 min. delay. (click “All Metal Quotes”
Thank you, Mr Apple.
It should be quite a week and new month.
Curiously I was talking to a professor here in Victoria who happens to be from
________________
There is nothing more deluded, parochial, and blind than college professor from Boston
I don’t know where you are but there is a lot of construction up our way.
Interesting that again, as in the late 80’s there is a commercial construction boom. Same sort of boom, no new businesses, just businesses relocating from one spot to another.
The Fed is admitting that quantitative easing is failing. There is no other plan that we know of. They’ve run out of road to kick the can down on.
Saudi stock market down 7% today, down 24% from it’s April high.
(Never knew the Mideast markets opened first!)
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