What we are watching unfold is incredible. Of course the mainstream media is bringing on lots of clueless experts that are talking about what a wonderful “buying opportunity” this is. Even though those of us that saw this coming have been giving a detailed play by play account of the unfolding crisis for months, the talking heads on television still seem as oblivious as ever. What is happening right now just doesn’t seem to make any sense to the “experts” that most people listen to. I love this headline from an article that Business Insider posted on Monday: “None of the theories for the Black Monday market crash add up“. Yes, if you are willingly blind to the long-term economic and financial trends which are destroying us, I guess these market crashes wouldn’t make sense.
Well, it is bad but I would think the number of points is not as relevant as the percentage.
Obama has said we should not worry about daily gyrations of the stock market. And officially we are told that the economy is getting stronger and stronger, bin Laden is dead and GM is alive and all that...........
Big whoop. 500 Dow points ain’t what it used to be.
Bush’s Fault
ATM’s Fault
Weather’s Fault
Greedy Doctor’s Fault
Never Obama’s Fault
Stocks go up, stocks go down. It’s what they call a “market”, not a savings account. Overall stock growth has offered the best return available anywhere and the smart investors will ride this out just as we have in the past. And we will be fine.
bprepared
The thing that is fascinating to me is that the Shanghai Composite is now at the level it was at in late January of THIS YEAR. So, we now have a break-even index for this year. In fact, looking at exactly 1 year ago, the index is still nearly 50% higher than it was in August 2014. The Index would have to lose another 1,000 points (or 33% of where it is now) to have a flat performance for a year.
Not certain why this is panic time for everyone else... Or even China, for that matter. Even here in the US, the NASDAQ lost 80% of its value in 2 years, value which has yet to be recovered and we’re still here living in luxury. The crap going on implying that by year end we are all going to be shooting each other for the last can of tuna in the world sounds asinine to me.
I guess They heard Joe Biden might be running for President.
>> Even though those of us that saw this coming have been giving a detailed play by play account of the unfolding crisis for months
And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...
Congratulations! Sooner or later y’all razor-sharp analytical minds were bound to be right!
To use the worn cliché: y’all have accurately predicted seventeen of the last one significant Dow drops.
(and, yes, there ARE buying opportunities out there!)
funny when the dow was 1000 a 500 drop was alot. in percentage. at 16000 -500 is crap. It was a mear -4% drop. if you have ever owned a stock that is just inter-day trading. the IPOs keep a stock price around 15-30 when the dow is at 16000. that is a penny stock. the crash, i think went from 2600 to 1900 i think. 500 points was a big percentage baby that’s a drop. when we get a drop of 5000 let me know. then sell out of the money puts and chomp your box of tums.
i just looked at the three trading sites i buy junk silver from and all three are mostly outNo, it wasn't, you moron.
Ep. 105: Will The Fed Rescue The Stock Market?
by Peter Schiff
https://www.youtube.com/watch?v=35Wta_Y_Svw
TDV Interview Series: Marc Faber on Market Collapse and the Stupidity of Central Banks
by The Dollar Vigilante
https://www.youtube.com/watch?v=hQusNGz2peE
Still Report #417 - Market Crashes
https://www.youtube.com/watch?v=bgy2JkOd-g8
The Dow Jones biggest 3-day point loss in history was 1,477.45 points!
The Free Market is drinking the Fed's milkshake.
Woohoo! I made my first investment in 3 years into the stock market. It’s about time there was a sale on.
Hopefully the commies disguised as capitalists at Facebook, Google and Twitter took it in the shorts.
And it’s insanely up over 600 points as far as futures go.....
None of it is about the US economy per Carl Quintanilla’s report leading NBC Nightly News last night. Not in the Obama Era.