Market Tanking - Any Correlation With the Judgement We Can Now Expect? [Vanity]

self-published | 06/29/15 | fwdude

[fwdude]

At last check the market (DJI) was down 254 points after a steady decline throughout the day. US Treasury yields down 14 basis points.

I know, the Greek crisis. But Who orchestrates these events beyond our understanding?

[SunkenCiv]

It’s down 292.31, less than 2%, that’s tip money. :’)

[SunkenCiv]

Out of curiousity, I added these insurers to my watch list, and all of them are down today as well.

The Supreme Court’s Obamacare Decision Is Already Worth $3 Billion For Insurers
http://www.freerepublic.com/focus/chat/3304214/posts

[fwdude]

How would you characterize a significant decline? And why?

[Arm_Bears]

Greece won’t be making a scheduled interest payment; and may not for some time, if ever.

The global financial house of cards built on ever-increasing debt is beginning to teeter. Collapse would be swift and devastating.

[VRWCarea51]

I’ll consider buying when it hits 15k, if it drops to under 12k I am all in. :)

[dware]

God works through means - often well-timed events.

Such as stopping the British just short of capturing Washington and his men at the Battle of Brooklyn, hiding the colonial army under cover of night, and then dropping the fog in the early morning hours, allowing the colonial army the time to get across the river and live to fight, and eventually win their independence. I bring these up because there are so many stories like this in our Nation's founding. The truth is, we never should have won the War for Independence. We were outnumbered, outgunned, outfinanced and more. God's grace was the ONLY thing that brought Washington and the colonial army to victory.

[fwdude]

Thank you for “getting it.” :)

[gr8eman]

Has something to do with Greece ;<)

[jjsheridan5]

1) A <2% drop is not “tanking”. When this market tanks, you’ll know it.

2) The big issue right now is China. The Chinese potemkin economy is threatening to implode. Greece is a sideshow, at least as far as the US is concerned.

This may very well be the beginning of the end. But, then again, it may not. We are in an unprecedented position, where the entire global economy is one huge bubble created out of cheap money and speculation. There is no value in trying to time it correctly.

[dware]

Thank you for “getting it.” :)

Guess what else folks like us "get"? Courage. Such as the courage displayed by men like Stephen Hopkins of Rhode Island, a signer of the Declaration. Take a look at his signature - it's extremely shaky. The story goes that, upon seeing his signature in such sad shape, Hopkins turned to his cohorts and stated, "My hand trembles, but my heart does not."

Let's face it - Hopkins, and the other 55 signers, stared death and destruction in the face, but acted anyhow. What an amazing example they set! Now, it's up to us to honor that legacy.

[fwdude]

1) A <2% drop is not “tanking”.

Yet. The week is early.

2) The big issue right now is China. The Chinese potemkin economy is threatening to implode. Greece is a sideshow, at least as far as the US is concerned.

Again, my point completely escapes you. But there is probably little point in explaining it to you if you can't understand by reading through this thread.

I might be wrong, but the timing is uncanny.

[grumpygresh]

There always has to be an underlining reason and a catalyst/trigger event.

We have had an underlining reason for some time now with the looming bond crisis. Then a default of a minor economy with the optics of bank closures is the trigger.

[fwdude]

I'm still waiting for some courageous state government to drop the ultimate nuclear bomb and begin secession proceedings, beginning with their own declaration of independence from a tyrannous government, as is prescribed in the Constitution.

It would start an avalanche.

[keats5]

“I have heard it said that homosexuality is the judgement for a nation that has turned its back on God.”

According to the Bible, that is correct. You may read about it here in Romans 1. The fact that homosexuality is now looked upon with approval in this nation indicates that we ARE ALREADY under judgment.

https://www.biblegateway.com/passage/?search=Romans+1&version=NIV

[jjsheridan5]

Again, my point completely escapes you

At last check the market (DJI) was down 254 points after a steady decline throughout the day. US Treasury yields down 14 basis points.

I know, the Greek crisis. But Who orchestrates these events beyond our understanding?

In looking at your post, I am trying to deduce the brilliance of your "point". I doubt it was the first paragraph, since that was merely a market report. The "I know, the Greek crisis" sentence was merely filler, so that leaves the rather cryptic: "But Who orchestrates these events beyond our understanding?"

I have little doubt that you are trying very hard to find shapes in the clouds, but the bottom line is that a <2% drop is rather meaningless. The "timing is uncanny" would be insightful, were it not for the inconvenient question: the timing of what? A minor drop in a clearly inflated stock market?

When this goes south, you will know it. Stocks will free-fall, and interest rates will skyrocket, and there won't be any force on earth capable of stopping them. And then you can meaningfully ask "who orchestrates these events?", although, it is actually just a manifestation of mathematics, and nothing more.

[SunkenCiv]

Having ‘lived through’ the 1987 correction, I’d call that significant. :’) My broker sounded absolutely beat around 1 in the afternoon. “We’re going to be here until 7 pm, at least. You could order us a pizza.” The computer system at NASDAQ had been upgraded the previous year to handle, wow, I can’t remember now, a share volume that was far beyond what most people could imagine, and the guy who’d insisted on it was looking like a genius that day. Of course, I’d be a little surprised if the daily volume on a regular day now isn’t much higher than it was that day.

[SunkenCiv]

:’)

[SunkenCiv]

Yeah, it's on the skids.

[fwdude]

After all your bloviating, here’s another newsflash.

Market now down 304.

[jjsheridan5]

LOL. “Bloviating”? Here’s another newsflash, to add to yours. 310 (which it is now) is still less than 2%. A non-event.

You do get extra points for using “bloviating” in a sentence, however. Don’t get me wrong, this market is sitting on nothing but air. It will plummet, and will do so so quickly that most won’t be able to get out. But what we are seeing today is nothing.