We'll demonize Wall St.
Posted on 08/24/2015 4:00:11 AM PDT by EBH
U.S. stock index futures screamed lower, with Dow futures (Chicago Board of Trade: @DJ.1) tumbling more than 400 points, as fears surrounding the health of China's economy multiplied.
These concerns saw the benchmark Shanghai Composite (Shanghai Stock Exchange: .SSEC) index notch up its biggest one-day percentage loss since 2007 on Monday, closing down 8.5 percent .
Panic spread to European markets, with the pan-European FTSEurofirst 300 (FTSE International: .FTEU3) as much as 3 percent in early London trading. All major bourses were off a similar amount. The index has shed over $1 trillion in market value in August so far.
(Excerpt) Read more at finance.yahoo.com ...
Not necessarily.
Market goes up market goes down....nothing new under the sun.
This too shall pass.
It kind of gripes me a bit to see all the prognostication about the market going to zero, yet not one of the predictors have the gonads to put up money to back up their opinions.
Must be understudies of the people who told us two months ago that Trump was but a flash in the pan.
Those folks running around begging people to buy into this to save their own butts, is over the top. I bailed out of the 401 charade long ago. I simply lost all trust in it.
It is hard to predict the markets, but not because of variable free market forces; it’s hard because it’s all manipulated by big government and the big and central banks.
I think that there is plenty of downside risk here. The real insiders have planned this and have taken their short positions weeks ago. When the carnage is over, they will be able to buy the most essential things up (utilities, commodities, land) at pennies on the dollar. This is one way to get to neo-communism where the state/multinationals control property and the means of production.
I want to see them raise rates and kill off what’s left of the economy.
The media today -- including the financial media (ESPECIALLY the financial media) -- is filled with @ssholes who earn a lot more money spouting nonsense on the air than they could ever make as investors.
Yes. If they’re so smart to give investment advice, why are they still working?
The fed obviously affects the macro market conditions etc. But what we are seeing today happens all the time .. variable machine sells and buys as thresholds are hit in response to an event such as China. An individual can't compete with these arrays of machines.
Wall Street will be demonized
And here comes Warren!
Well, the DOW is down 108 points right now.
Better sell while you can! /s
We'll demonize Wall St.
DOW is up 900 points since 935am EDT.
a 1-day bull market.
She wasn’t asking Biden “How?” That’s her Indian greeting. Joe called her up and said “Hello.”
She replied “How.”
Hee hee.
A bunch of billionaires just got 10% of their losses back in half a day.
These big drops could start occurring daily.
Next month what would happen if the DOW hit the circuit breakers within the first 30 seconds of opening and did that every day for a week. At what point is trading suspended indefinitely?
I’d guess that could happen.
I worked as CFO for a PEU in CA and that is how they operate. Schools and special districts sell pension bonds besides raising taxes but taxpayers always end up paying for gov’t pensions one way or the other. Most of them factor in a rate of return over seven percent and when they don’t realize it taxpayers have to make up the difference.
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