And that will then make a general world war increasingly possible because too many countries will have nothing to lose by starting a war as a means to shore up the local economy. 
How low can we go
I checked the futures at 1 pm and the Dow futures were off over 400 points.
Checked them again at about 7:30 and they were down 113.
So the direction is getting better!
Saudi stock market down 7% today, down 24% from it’s April high.
(Never knew the Mideast markets opened first!)
The Nikkei opens down 500 to 18,990.
” pointing the finger all over the place.”
_____________________________________
Reminds me of the old western trope, where the cowboy dashed out of the bunkhouse, leapt onto his horse, and rode off in all directions at once.
Dow 16342 and dropping
S&P NASDQ and USD dropping like a stone
Will the fed let the market go below 16,000 tomorrow?
Will they announce QE4?
Even if so some insiders do not believe it will work this time
Heyyy, this isn’t supposed to happen until a GOP president takes office and catches the blame
Monday, anybody with market experience knows very well there will be massive margin calls hitting lots of investors.
There is a potential for these margin calls to get to be self-fulfilling.
OTOH, the market will indeed find a bottom somewhere, but please don’t take my comment as meaning that it has to happen this week or month.
The “tell” will be closer to mid-week, when the mar calls have gone out and been met.
The real, real danger the market faces is liquidity. When liquidity dries up, there is giant demand for it. This happened in 1997-8 with the “Asian contagion” -— with the competitive currency devaluations. Under these conditions, stocks can be vigorously sold off. This occurred as well in 2008-—liquidity dried up when banks discovered that all the other banks they were used to lending to were as big liars as the bankers knew every one of themselves was. Nobody was willing to lend. Liquidity became scarce. ULTRA scarce.
This is when you see your conservative JNJ and MRK sold off, because these stocks which kind of just sit there and trade in very narrow ranges become “sources of funds”. Because the margin clerk calls you have sell what you can, not what you want to. And that’s when you see massive index selling.
And of course, this seems to happen concurrently with increased tensions in Korea that the media is absolutely moot about and yes, 99 times out of 100 these things amount to nothing.
The stock market goes down as well as up! Who knew? Not the guys whose investing experience started in 2009, that’s for sure.
I thought the stock market was closed on the weekend ..??
ping
Nikkei 225
As of 09:46 24 August 2015 - Market open
index value 19043.21
index change: -392.62index change percentage: down -2.02%
Open
19075.05
Previous close
19435.83
I’m curious to see which asset bubble will get re-inflated from all the equities dough that’s being taken off the table.
You know it’s got to go somewhere.
I’ve noticed that the markets tend to fluctuate.
And that will then make a general world war increasingly possible because too many countries will have nothing to lose by starting a war as a means to shore up the local economy.
August ain't over yet.If only it had been by that little bit. DOW futures down -423 as I write this.
I retire next year so I’ve been dumping stocks for months now. Preservation of principal is what matters now.