If they drop today (as this article says) another 3 or 4 %, they'll still be above what they were last Sept. while continuing a 30+% drop started last April. Now if Iran & Arabia start shooting...
Posted on 01/03/2016 11:02:35 PM PST by Zakeet
Following the initial halt in CSI-300 Futures at the 5% limit down level, the afternoon session opened to more carnage and amid the worst 'first day of the year' in at least 15 years, Chinese stocks collapsed further to a 7% crash. At 1334 local time, stock trading was halted for the rest of the day across all exchanges (at least two hours early).
[Snip]
Dow futures are now down over 150 points from NYE close, Gold and Treasuries are bid, and offshore Yuan has plunged most since the August devaluation.
(Excerpt) Read more at zerohedge.com ...
08
“Thought maybe it was more complicated than the obvious”
52% of voters voted for Odunga, we live in a very simple minded country in spite of all the education opportunities.
If they drop today (as this article says) another 3 or 4 %, they'll still be above what they were last Sept. while continuing a 30+% drop started last April. Now if Iran & Arabia start shooting...
Seriously? To blame the next president...
Naw, the extreme leftwing press always blames the Republicans --you know, the party of big business. The bottom of the last crash was March '09, --Bush's fault. The big one before was in Mar. of '00 as usual followed by a recession that was (once again) Bush's fault.
I was in commercial banking at the time. We saw the real estate market was going to crash but with the government threatening sanctions could only watch it unfold. This started under Clinton. 110 percent home financing on essentially no financial documentation never made sense.
Yeah, did this right when the last blip downturn started. Now thinking time to move it to my safes.
Obama has one more year to grab the 401Ks if he wants to and there is always ways to invest outside the 401K machine
Metals are looking better and better to grab a little more if they keep going down.
Yeah that is like playing poker with professionals and the only thing you know about poker it is played with 52 cards
You are going to loose your pants
AlGoreithems do all the trading. I might not have spelled that correctly but you get my drift;)
Thanks. I hear there is a current housing bubble also.
Dow Jones futures down 303 pts as I type.
Gotta disagree with you there, not at all comparable. China CAN make decent stuff, very decent stuff now if they choose to, and they have when it comes to their military. Believe it or not they aren't stupid, their government knows what really matters and what they will let slip. Culturally they can't be trusted not to cut corners to profit, but they draw a very harsh line when it comes to military expenditures and procurement. Believe it or not they aren't as stupid as we want to believe they are by a long shot.
We went to a birthday party for my wife’s sister, on NYE day. I forgot that most of her family are dems.
I showed it to one of them, she said “You’re not voting for Trump are you?”
I said “I’m not voting for Hillary.” She watched it a while then handed the phone back. It does go on a little too long.
They don’t have our clandestine inflate-the-bubble team that turns the market around every time there’s a downturn.
I’m all in - great white fathers not allow market to crash quite yet - would be racist. So look for a positive reversal in the S&P 500 today!
So are you saying that such a market crash isn’t a bad thing or that it is bad, but you don’t like the messenger?
You know, I think I’d gamble an ounce of silver today that you might be right.
China’s regime has gone so far as to make people in the stock market and business world disappear in recent months, probably to stave off or hide the inevitable decline of their economy.
We’ve had circuit breakers in the market for decades. Every major exchange has them.
Dow futures down -305 now.
: )
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