Well the previous thread I started about this massive selloff of stocks seems to have been deleted without warning. Maybe this one will stick around. The Article: http://www.reuters.com/article/us-usa-stocks-idUSKBN0UL1BD20160108 The Chinese Markets have been shut down for a second time in a week. The US market (DJIA) has had it's worst four day January start in history. Including the great depression. This isn't about a four kiloton blast in NK. This is about an overblown Fed pump that an inept President didn't have the intellectual power to turn into a real economy. Discuss.
so far your correct for tomorrow for the ny exchange futures are up 150 plus points and china market are up also a percent or 2 http://money.cnn.com/data/premarket/
My portfolio, such as it is, is up for 2016 3.6%. It was down in December so we will see. I must have a counter-cyclical strategy and didn't know it.
People have been buying more and more Chinese junk with each passing decade. They think Walmart and the dollar stores sell the same thing as everyone else. People don't know the difference between price and value. So NOW they are saying something. And their solution is to get aggressive with China, militarily and otherwise.
All the markets are over-inflated currency balloons right now, thanks primarily to 7 years of the US under Obama, leveraging, and destroying, our position as the world's "reserve currency", pumping money instead of building a viable economy coming out of the last recession. Obama can't disappear soon enough.
The stock market has been over-priced and over-rated since early of last least. If you remember, the market peaked at a record high back in May of last year, reaching over 18,300. It had dropped down to 16,500 three months later, and after another rebuild, we have just witnessed the market with tremendous drops again. The stocks have peaked and the only way to correct it is out of the bull market and into the bear market. A bear market on average takes place every 5 years, so we're a little overdue.
I needed an article to use the headline from. Posting rules and all. My take on the situation is that there is going to be a humongous crash. The reality is that the democrats will try to stave it off until there is a republican in the White House. Even George Soros sees it coming.
The Chinese are about to find this out in a very big way. Here's what's about to happen. The Chinese are going to try and stabilize the Yuan Renminbi by selling off US treasuries. This is their theory of re-energizing their economy. In the US, the improving labor market ( for the worker) will continue into the middle of the year. This will translate into lower US personal debt more than it will in new spending. The cash rich environment in the US will cause US investors to snap up the Treasuries that the Chinese are selling off. This outflow of cash will lower the RELATIVE value of the dollar. Since the money will not be spent on Oil, it will not effect those markets. If the next president is smart, he/she will open federal lands to widespread exploration to keep a cap on oil prices. Then they will need to nationalize the Federal Reserve. Confiscate all of the Bonds they bought, that they plan to use as a yoke on the American people, and destroy them. This will free up money being spent on US bond debt and lower the Federal Deficit. Take the remainder of the Reserve and return it to the Social Security Trust Fund they stole it from. Then give every American ALL of the money they paid in SS taxes in personally controlled accounts, that would have rules akin to 401k accounts. The Government would be forever barred from borrowing from (or against) these funds. The Disability fund would be operated separately. Then we eliminate the Income tax and replace it with the Fair Tax. This would stabilize the American economy and return it to full health within 4 years.
Well, the stock market has just had its worst 4 day start ever after it just went through. http://money.cnn.com/2016/01/07/investing/stocks-markets-dow-china/ And so what, today's fabricated job report might give temporary improvement in some stock sales. Then when Monday arrives, and people come to reality, lets see how the market goes all week.
Are you sure about that? I agree on both statements, but seeing either of those ever taking place - at least in my life - is almost a definite no. Another case that I totally agree with. Thing is it's been talked about for years, and as usual nothing done.
I guess not. It dropped another 167 points Friday. Still the worst in history Monday will be a real problem.
