We Have Already Witnessed The First 1300 Points Of The Stock Market Crash Of 2015

The Economic Collapse ^ | August 20th, 2015 | Michael Snyder

[Safetgiver]

Do they believe the absurd employment numbers that improve quarter by quarter?”...No. The true unemployment figure is (or has been) 33%- 35%.

[cuban leaf]

I don’t think this is it.

Go to youtube and search September 2015. ;-)

[catfish1957]

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?

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% :)

[Sam Gamgee]

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.

[Sam Gamgee]

Curiously I was talking to a professor here in Victoria who happens to be from Boston. Boy he had a very different take on things than what we see on Fox News or here on FR. He voted Obama and thinks Obama Care is a great thing. He considers himself a moderate or slightly right of center voter and voted for Obama. That is not a good prospect on the next election.

[catfish1957]

That is not a good prospect on the next election.

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.

[jpsb]

A 10% correction from say 18,000 would be 16,200 we are almost there.

[jpsb]

No, no one believes the gov stats on anything.

[mlo]

"We Have Already Witnessed The First 1300 Points Of The Stock Market Crash Of 2015"

Excellent. I've been sitting on cash for a while waiting for it.

[Georgia Girl 2]

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.

[DAC21]

“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.

[eyeamok]

6500? Hell we can do better than that I am looking at 2000 by next year

[cuban leaf]

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.

[Mr Apple]

Sunday 3:15PM CST:
I too hope you are right. The Asia/European markets open in 1 hour/ 45 minutes.

[Mr Apple]

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”

[laplata]

Thank you, Mr Apple.

It should be quite a week and new month.

[Chickensoup]

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

[Chickensoup]

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.

[wolfman]

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.

[mrsmith]

http://www.bloomberg.com/news/articles/2015-08-23/dubai-stocks-sink-after-oil-drops-to-2009-low-abu-dhabi-slides

Saudi stock market down 7% today, down 24% from it’s April high.
(Never knew the Mideast markets opened first!)