Posted on 02/06/2018 5:12:14 AM PST by Wolfie
The fed said they had a hand in starting the great depression. The fed and other globalists hate our duly elected President and are taking vengeance out us and doing all they can to make Trump look bad.
I’m about as doom and gloom as they get, and even I don’t think this is “the” crash.
Which means it probably is. :-p
It’s not about “point drop,” it’s about percentages, so not a record-setter. This correction just set us back to what it was last November. Relax, everybody, and find some bargains.
Bit coin down to $6500?
It wasn’t that long ago it broke over $1000.
So far this is just froth offf the top.
No. This was most likely due to "algorithm trading" and stop loss orders placed by recent entrants into the bull market.
The market will recover quickly.
I don't thinks so. But, it is one helluva bump in the road!
What came next was a double top. Denn. even admits it at the beginning of his article. When I see fundamental assets crumbling like the 2007 housing bubble bursting and a double top, then I will worry. That's probably 10 years im the future.
Karl Denniger has inflated ego issues.
Or, maybe not.
There is a famous story about Joe Kennedy, patriarch of the Kennedy clan. He was a Wall Street tycoon. On leaving his office in 1929 he overheard a shoeshine boy tell his customer that he’d just bought a share in the Hup Motor company. Kennedy turned around, reopened his office and sold everything he owned. He said later, “We all knew we were in a bubble. I realized that if the hype had gotten to the point where a shoeshine boy was playing in the market the bubble had burst.” Shortly after that the market cratered.
We are nowhere near the level of hysteria that I saw in the tech bubble and later in the real-estate bubble. Some things will, of course crater. Byte coin, for example. The market is not just one thing. It is thousands of things. Occasionally, from low Earth orbit, they appear to be going in the same direction. But that is rarely true. The market, like hemlines, will go up and down with no rhyme or reason.
Look instead to hiring. If companies are hiring, and I can see even locally that this is true, then things are fine.
“pindick” Trump? Just another liberal horses ass with Trumpfobia.
Personally, I believe this was the beginning:
http://www.freerepublic.com/focus/f-chat/1994684/posts
The meeting gave us QE. And I learned about a year ago that at least two attendees called their wife and told them to get as much out of cash machines that they could because they may not be able to on Monday.
Basically they kicked the can further down the road and have been ever since. Personally I think this is bigger than trump or our government. Yes, I expect it to result in “the” crash, but don’t think this is it, yet.
For some historical perspective, everyone knows about the crash of October 1929. Most people don’t know that 1932 was when the REAL crash happened.
So, sure, we’re in a world of hurt and this may be “it”, but it’s probably not.
This sums the whole thing up:
https://www.youtube.com/watch?v=TlN28DoL5qA
This is not “the crash”. While the volatility is being taken out of the market, the underlying momentum of the growing industrial revival of the American infrastructure and the growing enthusiasm and confidence of newly re-employed people, including many who had been out of the job market for months or even years, and the return of vast amounts of capital that had escaped our shores, are just now starting to show their effect.
Through the substitution of natural gas for many of the uses of petroleum, and the singular revival of the use of coal as an energy source, those factors may soon result in America once again being a net exporter of energy to the REST of the world.
Now, if the regulatory agencies would just get over their superstitious fears on nuclear power, and permit, on an expedited basis, the development and adoption of Thorium fueled Molten Salt nuclear reactors, we may yet see a true development of the real potential of electric power.
After all, one point two one jigawatts of electrical power was enough to propel a DeLorean forward and backward through time.
(by the way, where are the flying cars? They were supposed to be available four years ago....)
Trump should fire the new Fed chairman. The market crashed on his first day.
Poor kid didn't pick a very good stock. Hupp was already in decline and would go out of business a decade later.
Hey, the new guy hadn’t figured out how to wash Fed money through foreign government securities through to the stock market.
He will learn, though. :-)
This chart will help him figure it out—we Freepers are always there when you need us!:
http://ticdata.treasury.gov/Publish/mfh.txt
....pindick Trump????
No thanks, Karl.
Those who want to call it a crash will call it a crash. Or a correction. It all depends on what they think of the current president.
Someone manipulated the market. Michael Savage says it’s because of what Yellen said on her way out - and that she raised interest rates. (Savings and T bills more advantageous, money moves from stock market.)
I suspect there are other forces in action that have come into play at the exact moment of the SOTU, to make it come down.
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