DOW, S&P CLOSE LOWER IN BIGGEST REVERSAL SINCE OCT. 08

CNBC ^ | Aug 25, 2015 | Evelyn Cheng, Peter Schacknow

[familyop]

The Dow Jones Industrial Average closed down 204.91 points, or 1.29 percent, at 15,666.44, with Merck plunging 5.2 percent as the greatest laggard and Apple and Walt Disney the only advancers.

The Dow transports also reversed intraday gains to close down 1.7 percent, solidly in correction territory.

The S&P 500 closed down 25.6 points, or 1.35 percent, at 1,867.61, with utilities plunging more than 3 percent to lead all 10 sectors lower.

The Nasdaq closed down 19.76 points. or 0.44 percent, at 4,506.49.

[ponygirl]

There’s that 666 number again. Didn’t that happen during the 2008 crash?

[Osage Orange]

Got it the first time........

[RKBA Democrat]

Why? It was a good article.

[Kartographer]

Because I am a fear monger and what is happening is normal you know the market goes up and the market goes down. Nothing to see here.

[familyop]

“Posted it last night got slammed on it.”

Look at the bottom of the following page, under “Browsing Location.” See “School.” And most of those from “Work” are from government offices. See?

http://www.alexa.com/siteinfo/freerepublic.com

That also explains the blitz for socialist candidates and against conservative candidates.

So don’t sweat it. Just keep the info in mind when posting in order to more effectively discourage and confuse the beast. Keep on keepin’ on. Economic collapse ends efforts to support big, intrusive government, and it will end the political/regulator tyranny.

Big government spending requires big, sustainable revenues from a large and diverse manufacturing base that includes many thousands of small shops (to prevent business rot that occurs over generations). A class of government-supported overlords tends to outlaw such work from local levels, up.

So no revenues for them. Debt won’t pile up to feed their monstrous racket forever. They’re going to lose one way or another, regardless of who they elect. And really, the more socialist the politicians, the sooner it will happen (collapse, default, repudiations of debt, etc.).

[dragnet2]

Down is the new Up.

lol...Perfect.

That seems to fit nice with everything else in 2015 America. Decline is good!☺

[familyop]

You might also want to see comment #25. Be sure to follow the link and have a look at the bottom of that page.

[SaveFerris]

It’s Hope.

Change.

[RKBA Democrat]

Sounds like a badge of honor to me. If someone doesn’t hate you at FR, you’re probably doing it wrong.

What is that Taylor Swift lyric? Propagandists gonna spew, spew, spew?

You put out some great stuff. Please keep it up.

[cuban leaf]

I was watching it on Yahoo on my phone all day. I said that it is actually struggling and losing ground every hour. I expecte the gain to be small by the end of the day, but I confess the “falling off a cliff’ surprised even me.

People don’t realize that on its own, a drop of 205 is a pretty big deal. But added to the five previous days, we have “officially” and technically entered a genuine correction.

[TigerClaws]

This is actually nothing compared to the collapse to come.

100 trillion in unfunded liabilities. The entire wealth in the world won’t pay the U.S. debt.

[cuban leaf]

My sentiments exactly. I think we will have a very “interesting” next 30 days.

[ro_dreaming]

I’m hoping I get left some change!

[RKBA Democrat]

A hundred trillion here, a hundred trillion there. Pretty soon we’re talking real money.

[SaveFerris]

I am actually left with change! (that’s not a joke either)

I have 32 cents in my pocket (counted it) and maybe, maybe $2 in the bank (approx).

[SkyPilot]

Thanks for the post familyop.

I was busy early in the day, so I didn't even check the markets until later. Every headline was about how stocks had rallied.

I expected a rally, because the market does that. But even as I read the headlines, I said to myself the same thing I have been thinking: "Rallied....based on......what?"

The global markets were either struggling or diving at the same time Wall Street traders were high fiving each other this morning.

Hot air, and happy talk.

The US economy is an absolute mess, and the stock gains these past few years are are the result of $4 Trillion in fake money created by the Central Banks and "pumped" into the market. Heck, give me $4 Trillion and I can make anything look good as well.......for a while. Then the bill might come due.

The disparity between the market soaring in recent times and the real US economic Depression is vast and deep.

If you really want to see something scary, look at this chart from this article:

This is 'the danger'

What this chart is revealing is that the S&P (market capitalization of 500 large companies that have their stock listed on the NYSE or NASDAQ) traditionally has a tie to commodity prices. However, because of the QE mirage and pumping, they have diverged. With stocks now facing the music, the danger is that the S&P may have to fall 50% just to go back to reality. But, commodities just got hammered again, and oil, gold, and others are falling. Combined with government debt situations worldwide, this means a global death spiral could enfold.

[familyop]

Thanks for the extra important information. Futures are down again at the time of this comment, and it’s early in the day for futures.

http://www.bloomberg.com/markets/stocks/futures

[vpintheak]

Owebowma still working on that mess Bush left for him. Poor fella, he’s doing the best he can.

[familyop]

"Owebowma still working on that mess Bush left for him. Poor fella, he’s doing the best he can."

Really, getting down to the bare bones of the matter, sometimes, all that a few good men can do is to salt the earth. Things were getting pretty solidly rotten decades ago. Even cabinets around good men were filthy with socialist, traitorous, anti-family corruption and too much influence.

Thanks to George H. W. Bush, his great Secretary of Defense (who kept us well supplied and kept us from falling out from heat exhaustion) and a few others.

Have fun. Enjoy the slide.