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DOW Drops Over 1000 Points in First Few Minutes of Today's Trading, But Has Rallied Back to Less-Frightening -275
So those of you in the market are having some news today.
As of 11:30 a.m. ET, the Dow Jones Industrial Average tumbled 462 points, or 2.81% to 16004. The S&P 500 dropped 57 points, or 2.92% to 1913, while the Nasdaq Composite plunged 126 points, or 2.69 % to 4579.
As of 11:30 a.m. ET, the Dow Jones Industrial Average tumbled 462 points, or 2.81% to 16004. The S&P 500 dropped 57 points, or 2.92% to 1913, while the Nasdaq Composite plunged 126 points, or 2.69 % to 4579. ... The concern came as traders wonder what the next shoe to drop is from Chinese officials to stem the bleeding. The world’s second-largest economy moved two weeks ago to devalue its currency, the yuan, on the heels of continued weakness in its economic data. ... China’s Shanghai Composite Index plummeted more than 9% during the session Monday, and closed down 8.5% pushing equity markets in Asia to give up their 2015 gains. Hong Kong’s Hang Seng tumbled 5.17%, while Japan’s Nikkei dropped 4.61%.
#BlackMonday pic.twitter.com/ZdzVJkCf8V
— Evi L. Bloggerlady (@MsEBL) August 24, 2015Comments
(Jump to bottom of comments)Posted by: alexthechick - Yeah I give up at August 24, 2015 11:58 AM (mf5HN)
Posted by: Bevel Lemelisk at August 24, 2015 11:58 AM (n6Omg)
Posted by: The DOnald at August 24, 2015 11:59 AM (WDySP)
Posted by: Thomas Friedman at August 24, 2015 11:59 AM (34w2E)
Managed to get it back into draft without breaking the blog this time!
Posted by: Y-not at August 24, 2015 11:59 AM (RWGcK)
As Aaron Rodgers said...R-E-L-A-X.
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:00 PM (0LHZx)
Posted by: nervous stock holders at August 24, 2015 12:01 PM (JCWve)
Posted by: Brenden at August 24, 2015 12:01 PM (wa+SP)
Posted by: evil_bun_bun at August 24, 2015 12:01 PM (8qoUN)
Posted by: BurtTC at August 24, 2015 12:01 PM (TOk1P)
Posted by: SH at August 24, 2015 12:01 PM (gmeXX)
So now with the crash the Dems will have a JUSTIFICATION/NECESSITY to institute a new raft of handouts which greases their path into the white house in 2016
Posted by: MAx at August 24, 2015 12:01 PM (LAliD)
Posted by: Boss Moss at August 24, 2015 12:02 PM (OO77h)
Posted by: SpongeBobSaget at August 24, 2015 12:02 PM (ktt8p)
They call me black monday, but tuesday is my name....
Posted by: Bruce With a Wang! at August 24, 2015 12:04 PM (iQIUe)
Posted by: Boss Moss at August 24, 2015 12:04 PM (OO77h)
Posted by: donna at August 24, 2015 12:04 PM (hUdMz)
Posted by: Chi-Town Jerry at August 24, 2015 12:04 PM (so+oy)
Posted by: rickb223 at August 24, 2015 12:05 PM (4dbPD)
Posted by: Positive Waves at August 24, 2015 12:05 PM (MQEz6)
Posted by: zombie at August 24, 2015 12:06 PM (jBuUi)
Posted by: Ricardo Kill at August 24, 2015 12:06 PM (LA7Cm)
Posted by: DJIA at August 24, 2015 12:07 PM (evdj2)
Posted by: Boss Moss at August 24, 2015 12:07 PM (OO77h)
Posted by: Dang at August 24, 2015 12:07 PM (2oWD2)
Posted by: Anna Puma at August 24, 2015 12:07 PM (gPuuk)
The pundits were looking at him graciously, but trying not to laugh.
Posted by: Jen the original at August 24, 2015 12:07 PM (KEyz7)
Posted by: weft cut-loop at August 24, 2015 12:07 PM (ZCFje)
Posted by: Hopped Up On Something at August 24, 2015 12:07 PM (NHtMs)
Posted by: zombie at August 24, 2015 12:08 PM (jBuUi)
Posted by: oh what a world at August 24, 2015 12:08 PM (ZtFr+)
It's worth noting that in most previous big downturns, like 2000 and 2008, the crash didn't happen immediately, but rather occurred over time. There were just enough recoveries and rallies to lull people into a false sense of security until the market started a long downward spiral.
Posted by: Michael the Hobbit at August 24, 2015 12:08 PM (dPpmC)
Posted by: anon a mouse at August 24, 2015 12:08 PM (uiVGU)
Posted by: zombie at August 24, 2015 12:08 PM (jBuUi)
Posted by: buzzion at August 24, 2015 12:08 PM (zt+N6)
Posted by: Roy at August 24, 2015 12:09 PM (VndSC)
Posted by: rickb223 at August 24, 2015 12:09 PM (4dbPD)
If you believe 'yes', then there's nothing to worry about.
If you recognize the answer is 'no', DJIA 5000 (where it was the last time stocks were closing on being reasonably valued) won't surprise you.
Posted by: Methos at August 24, 2015 12:09 PM (ZbV+0)
Posted by: phoenixgirl, i was born a rebel at August 24, 2015 12:09 PM (0O7c5)
Posted by: Draki at August 24, 2015 12:09 PM (C891K)
Posted by: oh what a world at August 24, 2015 12:08 PM (ZtFr+)
He can kiss my amniotic-fluid-covered ass.
Posted by: Born alive infant at August 24, 2015 12:09 PM (2Ojst)
Posted by: Hopped Up On Something at August 24, 2015 12:09 PM (NHtMs)
(Oh, wait. Did I get the wrong protest again? Damn.)
Posted by: anon a mouse
Buy high! Sell low!
Posted by: rickb223 at August 24, 2015 12:10 PM (4dbPD)
Posted by: SH at August 24, 2015 12:10 PM (gmeXX)
Posted by: wrg500 at August 24, 2015 12:10 PM (C278+)
Posted by: Anna Puma at August 24, 2015 12:10 PM (gPuuk)
Posted by: fb at August 24, 2015 12:10 PM (JVEmw)
Posted by: Moderate Salami, weeping for our dead Republic at August 24, 2015 12:10 PM (/Ho8c)
Posted by: zombie at August 24, 2015 12:10 PM (jBuUi)
Posted by: The Great White Snark at August 24, 2015 12:11 PM (TuESX)
Alternate NRO post title:
HISTORIC MARKET SELLOFF ON FEARS OF TRUMP PRESIDENCY
by Kevin Williamson and Ben Domenech
Posted by: Soothie at August 24, 2015 12:11 PM (n6Y1A)
Posted by: Roy at August 24, 2015 12:11 PM (VndSC)
Posted by: Doctor Fish at August 24, 2015 12:11 PM (OiFtZ)
Posted by: I R A Darth Aggie at August 24, 2015 12:11 PM (1hM1d)
Posted by: Ricardo Kill at August 24, 2015 12:11 PM (LA7Cm)
Posted by: DJIA at August 24, 2015 12:07 PM (evdj2)
Bring out yer dead! Bring out yer dead!
Posted by: Medieval Cart Guy at August 24, 2015 12:11 PM (dQJCS)
Posted by: President Ba-Rock Urkel
Posted by: Misanthropic Humanitarian at August 24, 2015 12:12 PM (QyBQv)
Posted by: Draki
That's one dick I would love to see get laid off by a boss telling him, "The stock market crashed today. Clear out you desk."
Posted by: Dang at August 24, 2015 12:12 PM (2oWD2)
by Kevin Williamson and Ben Domenech
Posted by: Soothie at August 24, 2015 12:11 PM (n6Y1A)
With a foreword by Wick Rilson.
Posted by: Insomniac at August 24, 2015 12:12 PM (2Ojst)
If you look at market crashes or major corrections of the past, many of them including 1929 and 1987 happened in October.
Posted by: JackStraw at August 24, 2015 12:12 PM (OGm46)
That said, we've kind of moved to a point where the small private investor is like the Indians riding on the train roof while the big high-speed traders are down in first class - you might get where you're going, at best sometimes it's not going to be comfortable, at worst you get knocked off by an overpass and gored by a rhino when you tumble into a wadi.
Posted by: JEM at August 24, 2015 12:12 PM (o+SC1)
Posted by: SpongeBobSaget at August 24, 2015 12:12 PM (ktt8p)
Posted by: The Great White Snark at August 24, 2015 12:12 PM (TuESX)
Posted by: Draki at August 24, 2015 12:12 PM (C891K)
"Black Monday is clearly a racist dogwhistle.
Why aren't stock market crashes called "White Monday"? Huh? Ever thought of that?
Invest in race-card manufacturers!
Posted by: zombie at August 24, 2015 12:12 PM (jBuUi)
Posted by: Kreplach at August 24, 2015 12:13 PM (eDW1j)
Posted by: steve in tulsa at August 24, 2015 12:13 PM (aNTak)
Posted by: Anna Puma at August 24, 2015 12:13 PM (gPuuk)
Posted by: Old Hob at August 24, 2015 12:13 PM (ZufZo)
#BlackDollarsMatter
Posted by: BurtTC
That's ok..because
#blackebtcardsaresafe
Posted by: Misanthropic Humanitarian at August 24, 2015 12:13 PM (QyBQv)
Posted by: Leftists at August 24, 2015 12:13 PM (34w2E)
Posted by: Christopher Taylor at August 24, 2015 12:14 PM (39g3+)
Posted by: Boss Moss at August 24, 2015 12:14 PM (OO77h)
Posted by: Hillary Clinton at August 24, 2015 12:14 PM (HSmrB)
Posted by: Furious George at August 24, 2015 12:14 PM (UlJ3l)
This is just a warm up. Watch the end of September / early October.
Posted by: Vashta Nerada at August 24, 2015 12:14 PM (gJyfA)
23 I don't want to go on the cart.
Posted by: DJIA at August 24, 2015 12:07 PM (evdj2)
Bring out yer dead! Bring out yer dead!
Posted by: Medieval Cart Guy at August 24, 2015 12:11 PM (dQJCS)
i remember someone here once quoted that line and the troll that smelled of cat urine said that was a "threat" and put them in it's dossier...... good times!
Posted by: phoenixgirl, i was born a rebel at August 24, 2015 12:15 PM (0O7c5)
Posted by: Brother Cavil, down with Eph 6:12-13 at August 24, 2015 12:15 PM (9krrF)
Posted by: Hopped Up On Something at August 24, 2015 12:15 PM (NHtMs)
Posted by: Ricardo Kill at August 24, 2015 12:15 PM (LA7Cm)
Posted by: Fritz at August 24, 2015 12:15 PM (UzPAd)
With a foreword by Wick Rilson.
Posted by: Insomniac at August 24, 2015 12:12 PM (2Ojst)
Glad to see that his family is safe again and he can go back sucking a living off the GOP donors
Posted by: Misanthropic Humanitarian at August 24, 2015 12:15 PM (QyBQv)
Posted by: wrg500
They can try but that's like slaking your thirst with seawater.
Sell a bond, you get US $. Now what do you do with the $?
If China turns around and tries to exchange it for yuan, the yuan shoots up, screwing your exporters. And the market tanks again among other events.
TANSTAAFL.
Posted by: weft cut-loop at August 24, 2015 12:15 PM (ZCFje)
Posted by: Roy at August 24, 2015 12:15 PM (VndSC)
Posted by: Christopher Taylor at August 24, 2015 12:14 PM (39g3+)
Agree.
Posted by: Jen the original at August 24, 2015 12:15 PM (KEyz7)
I'll stand down by the door
And catch the gray men
When they dive from the fourteenth floor
When Black Friday comes
I'll collect everything I'm owed
And before my friends find out
I'll be on the road
When Black Friday falls you know it's got to be
Don't let it fall on me
Posted by: Qoheleth at August 24, 2015 12:16 PM (iIzG7)
Posted by: Anna Puma at August 24, 2015 12:16 PM (gPuuk)
the troll that smelled of cat urine said that was a "threat" and put
them in it's dossier...... good times!
Posted by: phoenixgirl
Wow. That's an impressive level of stupid.
Posted by: Moderate Salami, weeping for our dead Republic at August 24, 2015 12:16 PM (/Ho8c)
This thing though is going to come undone at some point no matter who's in charge. If you could create wealth by printing it would have happened a long time ago.
Posted by: Coolio at August 24, 2015 12:17 PM (uZIDZ)
smartly realize that a stock crash is a good time to buy low.
If you think DJIA 16000 is low, yeah that's a decent plan.
I think we're in for more economic justice than that.
Posted by: Methos at August 24, 2015 12:17 PM (ZbV+0)
If you look at market crashes or major corrections of the past, many of them including 1929 and 1987 happened in October.
Posted by: JackStraw
_______________
That's because it's Decorative Gourd Season.
Posted by: Furious George at August 24, 2015 12:17 PM (UlJ3l)
Posted by: Boss Moss at August 24, 2015 12:04 PM (OO77h)
-----
Oh.... thats called "Quantitative Easing" and its been going on for quire some time.
Hundreds of billions per MONTH .....
Posted by: fixerupper at August 24, 2015 12:17 PM (8XRCm)
Posted by: Qoheleth at August 24, 2015 12:18 PM (iIzG7)
Posted by: Brother Cavil, down with Eph 6:12-13 at August 24, 2015 12:15 PM
--
How do you avoid them? Are you on a pension plan?
Posted by: Y-not at August 24, 2015 12:18 PM (RWGcK)
Posted by: Nevergiveup at August 24, 2015 12:18 PM (gf8BH)
Posted by: zombie
So you're saying he sucks?
Posted by: Bertram Cabot Jr. at August 24, 2015 12:18 PM (W5DcG)
Posted by: Yo! at August 24, 2015 12:18 PM (q+zA9)
Posted by: Anna Puma at August 24, 2015 12:19 PM (gPuuk)
Posted by: Stateless Infidel at August 24, 2015 12:19 PM (AC0lD)
Posted by: Bob at August 24, 2015 12:19 PM (fVGlW)
Posted by: Adirondack Patriot at August 24, 2015 12:19 PM (4AVeu)
The Fed quintupled the money supply and held interest rates at or near zero for six years, and this is what we have to show for it.
Also, they are out of bullets.
Posted by: Vashta Nerada at August 24, 2015 12:19 PM (gJyfA)
Bitchezzzzzz
Posted by: Salt of the Earth at August 24, 2015 12:19 PM (QCwhW)
Posted by: Misanthropic Humanitarian at August 24, 2015 12:15 PM (QyBQv)
lol...i had no idea who he was until someone's post got pulled and then a week later the "consultant" went nuts....some how he felt lil' ol' me needed to be blocked from his twitter feed........i keep seeing stuff he posts though....and i'm not even making an effort to.....the party i still belong to on paper....hires consultants that don't understand their base .....awesome....no wonder they lose....
Posted by: phoenixgirl, i was born a rebel at August 24, 2015 12:19 PM (0O7c5)
Posted by: zombie at August 24, 2015 12:10 PM (jBuUi)
Pump it up when you don't really need it.
Pump it up until you can feel it.
Posted by: Tex Lovera at August 24, 2015 12:19 PM (wtvvX)
Posted by: AllenG (DedicatedTenther) - Fire-hooks and Rock Salt for sale at August 24, 2015 12:20 PM (kff5f)
Yeah, I'm looking forward to him figuring out a way to blame Bush for this one. This is his seventh "Recovery Summer."
Posted by: Qoheleth at August 24, 2015 12:20 PM (iIzG7)
It seems to happen pretty reliably every seven years. That seems to be the amount of time it takes for people to forget what they got burned by last time, repeat those stupid investments, and have them blow up in their faces again.
Posted by: Methos at August 24, 2015 12:20 PM (ZbV+0)
Posted by: AllenG (DedicatedTenther) - Fire-hooks and Rock Salt for sale at August 24, 2015 12:20 PM (kff5f)
His economy sucks and, I swear to Heaven, it seems as if half of his time in office has had flags at half staff. Depressing as hell.
Posted by: Y-not at August 24, 2015 12:20 PM (RWGcK)
Posted by: Mikey NTH - Free Shipping for Atrocities, Monstrosities, and Barbarisms at the Outrage Outlet! at August 24, 2015 12:20 PM (hLRSq)
Posted by: Walter Freeman at August 24, 2015 12:20 PM (kqGWM)
Posted by: The Guy Who Always Thinks It's Ending at August 24, 2015 12:20 PM (NHtMs)
Posted by: Anna Puma at August 24, 2015 12:19 PM (gPuuk)
--------
fuuuuuuuuuuuuuuuuuuuuuuuuuuuk.
You said "first". Theres *more* to come?
fuuuuuuuuuuuuuuuuuuuuuuuuuuuk.
Posted by: fixerupper at August 24, 2015 12:20 PM (8XRCm)
I mean they are building entire cities and malls with nobody in them just to keep the jobs going. That should have been a big clue we were dealing with an empire that was full of shit.
Posted by: Coolio at August 24, 2015 12:21 PM (uZIDZ)
I take my cues from Academy Sports. The folks who handle ordering in my area WalMarts are completely incompetent.
Posted by: Azenogoth (Freedom or Fire) at August 24, 2015 12:21 PM (UPYPp)
Posted by: Anna Puma at August 24, 2015 12:21 PM (gPuuk)
Most likely is that they lack a strong male role model in their lives.
Posted by: Fritz at August 24, 2015 12:22 PM (UzPAd)
Posted by: wrg500 at August 24, 2015 12:22 PM (C278+)
Posted by: Iblis at August 24, 2015 12:22 PM (9221z)
President Trump will kick the Chinese' ass and right the stock market. - And he'll bring countless thousands of jobs back to America.
Posted by: _Dave_ at August 24, 2015 12:22 PM (l2dSQ)
Posted by: RWC - Team BOHICA at August 24, 2015 12:22 PM (fWAjv)
This was before the days of widespread cell phone use so as the news trickled in people were losing their mud and there was a huge line for the one and only pay phone in sight.
We just went back to the boat and continued drinking. I think I'll do the same when it tanks big time again.
Posted by: JackStraw at August 24, 2015 12:22 PM (OGm46)
Posted by: The Guy Who Always Thinks It's Ending at August 24, 2015 12:20 PM (NHtMs)
That's how it starts, the fever, the rage, the feeling of..powerless-ness.
Posted by: That Jeremy Irons-sounding dude in Batman vs Superman at August 24, 2015 12:23 PM (uGhsv)
Posted by: Boss Moss at August 24, 2015 12:23 PM (OO77h)
Posted by: Vashta Nerada at August 24, 2015 12:19 PM (gJyfA)
----
Not exactly. Obama *could* ramp up oil production, putting more money in peoples pockets.
He could also cut income taxes and roll back the capital gains tax to stimulate the economy on the supply side.
**blink**
**blink**
On second thought..... we're totally fucked.
Posted by: fixerupper at August 24, 2015 12:23 PM (8XRCm)
Ghost cities and a ghost economy.
Posted by: Bertram Cabot Jr. at August 24, 2015 12:23 PM (W5DcG)
In their preferred orifice and hard? As if this was Folsom street theatre?
Posted by: Anna Puma at August 24, 2015 12:23 PM (gPuuk)
3rd term you say? Well, with this fucking evil bastard anything is possible. We do live in interesting times.
Posted by: Misanthropic Humanitarian at August 24, 2015 12:23 PM (eeTCA)
1) Quantitative Easing which is giving the wealthiest people basically free money to borrow and invest with, pumping the stock market
2) Almost zero prime rate to control inflation and encourage investment
3) Storing a trillion dollars in reserve for banks, more than has ever been done in the past.
None of these can continue forever. The person that stops them will see a terrible result on the economy.
Posted by: Christopher Taylor at August 24, 2015 12:23 PM (39g3+)
Did it freak anyone else out that her grandmother's neighbor's cousin's super's barber was right about the Pope resigning?
Posted by: HR braucht ein Bier at August 24, 2015 12:24 PM (/kI1Q)
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:24 PM (0LHZx)
Posted by: _Dave_ at August 24, 2015 12:24 PM (l2dSQ)
It seems to happen pretty reliably every seven years. That seems to be the amount of time it takes for people to forget what they got burned by last time, repeat those stupid investments, and have them blow up in their faces again.
Posted by: Methos
Here's the thing though, I understand recessions happen around every 7 years, we can deal with that and have, but I could see the underlying currency and entire system coming apart in a few years.
If interest rates go back up to anything approaching normal, out deficits are going to explode just paying interest on the debt to the point where every penny we get from taxes every year just pays the interest. To say nothing of the tsunami of entitlements.
Posted by: Coolio at August 24, 2015 12:24 PM (uZIDZ)
Posted by: RWC - Team BOHICA
Which was brought on by global warming which was brought on by my car.
Posted by: Bertram Cabot Jr. at August 24, 2015 12:25 PM (W5DcG)
http://tinyurl.com/nqwo7gh
Posted by: Draki at August 24, 2015 12:25 PM (C891K)
IF by the end of the year the stock market has crashed, will the same
dopes thanking Obama for "doubling" or "tripling" the stock market blame
him for the drop?
===============
No. That's Bush's fault.
Anyway, I'm old enough to remember when record stock market highs under Bush were proof that the rich were getting richer and the poor were getting poorer.
But, let's have another round of, "who else agrees with me that Trump and his supporters are stupid" column from our wordsmith betters.
Posted by: RoyalOil at August 24, 2015 12:25 PM (ZvKdv)
Posted by: Misanthropic Humanitarian at August 24, 2015 12:23 PM (eeTCA)
That's un-Constitutio.....
*shit
Posted by: RWC - Team BOHICA at August 24, 2015 12:25 PM (fWAjv)
You'd think so but apparently a lot of people bought into it.
I hope Tim Cooke and Apple really take a pounding in this.
Their stock is not doing well, but I don't know if they're suffering significantly. Seriously, the I-Watch? Really? Steve Jobs has to be spinning like a turbine.
Posted by: Christopher Taylor at August 24, 2015 12:25 PM (39g3+)
Posted by: Harry Reid at August 24, 2015 12:25 PM (OO77h)
Posted by: John Doh at August 24, 2015 12:25 PM (1OU8C)
--
I'll never forget where I was when I heard about her junior high school volleyball coach getting a splinter on September 11th.
Posted by: Y-not at August 24, 2015 12:25 PM (RWGcK)
Mark Steyn in for Rush: "Scott Walker has had THREE positions on Anchor Babies."
Posted by: _Dave_ at August 24, 2015 12:24 PM (l2dSQ)
Didn't know he was bi-polar and all.
The problem with governors, is that they don't have to deal with alot of this shit and don't think things thru. On that note he's still a better choice than Bush or Crispe Creme
Posted by: Misanthropic Humanitarian at August 24, 2015 12:25 PM (eeTCA)
I can and shall dismay.
But if it wasn't for your misfortunes
I'd be a wealthier person today.
Now, shit got real.
The Dow it does reel.
Tell me how should I deal,
And trade you like I do.
Posted by: Blue Black Monday at August 24, 2015 12:26 PM (JCWve)
Posted by: Nevergiveup at August 24, 2015 12:26 PM (gf8BH)
In their preferred orifice and hard? As if this was Folsom street theatre?
Posted by: Anna Puma
So the inflated nutsack has popped?
Posted by: rickb223 at August 24, 2015 12:26 PM (4dbPD)
I'll never forget where I was when I heard about her junior high school volleyball coach getting a splinter on September 11th.
Posted by: Y-not at August 24, 2015 12:25 PM (RWGcK)
Vic remembers July 4, 1776
Posted by: Misanthropic Humanitarian at August 24, 2015 12:26 PM (eeTCA)
Posted by: Leftists at August 24, 2015 12:13 PM (34w2E)
What a brilliant idea!
Posted by: Thomas Friedman at August 24, 2015 12:26 PM (zoehZ)
Posted by: Bertram Cabot Jr. at August 24, 2015 12:25 PM (W5DcG)
Which used the oil which we went to war in Iraq for which was started by lies by Bush.
Hence, Bush's fault.
Posted by: RWC - Team BOHICA at August 24, 2015 12:27 PM (fWAjv)
In their preferred orifice and hard? As if this was Folsom street theatre?
Posted by: Anna Puma
So the inflated nutsack has popped?
Posted by: rickb223 at August 24, 2015 12:26 PM (4dbPD)
He's probably jerking off out the window onto passers-by.
Posted by: Insomniac at August 24, 2015 12:27 PM (2Ojst)
When Black Friday falls you know it's got to be
Don't let it fall on me
---------------
See the glory of the royal scam.
Posted by: exdem13 at August 24, 2015 12:27 PM (ry4ab)
Swear to God,, dude here at work just told me he was gonna' borrow against or dump his 401k and buy silver dimes! I shit ya'll not!
Posted by: Hillary Clinton at August 24, 2015 12:27 PM (HSmrB)
All you Obama haters missed out on the greatest gain in history
Posted by: Righter at August 24, 2015 12:27 PM (OpK2H)
Posted by: wrg500 at August 24, 2015 12:27 PM (C278+)
SP is only down 1%.
Posted by: HUCK / AKIN 2016
No one's panicking, twat.
Posted by: weft cut-loop at August 24, 2015 12:27 PM (ZCFje)
S&P500 is down 5% for the year!!!
Wait what? 5%?
But I was told I have to panic.
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:27 PM (0LHZx)
Posted by: Anna Puma at August 24, 2015 12:27 PM (gPuuk)
High here today upper 50s. FFS it's August. I don't want to have to start the damn furnace.
Posted by: Misanthropic Humanitarian at August 24, 2015 12:27 PM (QyBQv)
Everything will be fine until investors realize that all that paper and all those bullshit numbers being spewed by the Real Experts have to be backed by something (like, oh, I don't know, actual production/sales of goods) to have any meaning.
The Money People have been living in a fool's paradise for years. Simple logic and basic math dictate that reality will sink in -- and I do mean sink -- at some point, Jim Cramer notwithstanding.
Posted by: MrScribbler at August 24, 2015 12:28 PM (SNBrO)
SP is only down 1%.
Posted by: HUCK / AKIN 2016
No one's panicking, twat.
Posted by: weft cut-loop at August 24, 2015 12:27 PM (ZCFje)
__________
Sure thing.
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:28 PM (0LHZx)
The thing is you can basically credit the Obama administration for the Stock Market rise. With the constant Quantitative Easing he basically was handing the wealthiest in America money to invest with, which pumped the stock market up and up and up.
As a result, its way over its reasonable value, in my opinion, so a drop is a market correction.
Posted by: Christopher Taylor at August 24, 2015 12:28 PM (39g3+)
But I was told I have to panic.
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:27 PM (0LHZx)
No you weren't. You were told to GFOAD
Posted by: Misanthropic Humanitarian at August 24, 2015 12:28 PM (QyBQv)
Posted by: Coolio
If interest rates returned to a "normal" 6% the payment on our national debt would spike to one trillion a year.
Posted by: Hopped Up On Something at August 24, 2015 12:29 PM (NHtMs)
Posted by: Misanthropic Humanitarian
Winter's coming
Posted by: wrg500 at August 24, 2015 12:29 PM (C278+)
Mark Steyn in for Rush: "Scott Walker has had THREE positions on Anchor Babies."
--------------------
Eh-heh-heh-heh, Steyn is great when he is slashing the politicos with his sharpened wit.
Posted by: exdem13 at August 24, 2015 12:29 PM (ry4ab)
High here today upper 50s. FFS it's August. I don't want to have to start the damn furnace.
Send some our way. Already 86 at 11:30 am.
Posted by: rickb223 at August 24, 2015 12:29 PM (4dbPD)
against or dump his 401k and buy silver dimes! I shit ya'll not!<<<
Dude I work with took his 1/4 mil out of his 401k and put it in "annuities."
Posted by: Fritz at August 24, 2015 12:30 PM (UzPAd)
Yes, a 1100 drop in the dow followed by 1000 points of plunge protection action definitively show that the market is healthy.
It can't possibly be that the rubes are being set up for the real fall this morning's open already proved is necessary.
Posted by: Methos at August 24, 2015 12:30 PM (ZbV+0)
All you Obama haters missed out on the greatest gain in history
Posted by: Righter at August 24, 2015 12:27 PM (OpK2H)
----
Well.... its not too fucking hard when you take office months after a major correction.
BTW.... I note you failed to mention he also set the Presidential record for weakest and most delayed recovery..... ever.
Asshole.
You... not the President. For now.
Posted by: fixerupper at August 24, 2015 12:30 PM (8XRCm)
Winter's coming
Posted by: wrg500 at August 24, 2015 12:29 PM (C278+
So's Labor Day. Geez whizz. It could be worse. Alberta had snow last week.
Posted by: Misanthropic Humanitarian at August 24, 2015 12:30 PM (QyBQv)
Posted by: Leftists at August 24, 2015 12:13 PM (34w2E)
What a brilliant idea!
Posted by: Thomas Friedman
___________
Then I says to this douchebag riding in my cab, if you force everyone to buy stock and make it illegal to sell stock, then everyone gets rich. And then this douchebag says, "Wow, you're right! We've got to stop digging holes!"
Posted by: Thomas Friedman's cab driver at August 24, 2015 12:30 PM (UlJ3l)
That's quite a bounce back. Lots of buying.
If I was smart at all I could've made some money today.
Posted by: Dack Thrombosis at August 24, 2015 12:30 PM (oFCZn)
Posted by: The Great White Snark at August 24, 2015 12:30 PM (fFIVI)
Farmers Almanac is calling for a long cold winter I believe.
Posted by: wrg500 at August 24, 2015 12:30 PM (C278+)
Posted by: naturalfake at August 24, 2015 12:31 PM (0cMkb)
Draki, I think the Hugo Award Soviet Justice Wankers are the Goodlife in a Saberhagen Beserker story.
----------
Yes, they are the enemy of all intelligent life that values living over mere existence. And they get their orders from a malign soulless force that has destruction at the core of its being.
Posted by: exdem13 at August 24, 2015 12:31 PM (ry4ab)
Well... that could be problematic.
You know, here's the thing: I don't agree with birthright citizenship based on geography (that is: the mere fact you were born within our borders should not make you a citizen), but it is a position one can hold and be consistent on.
Really, it's not completely indefensible - and even if it's philosophically bankrupt (I think it is), it does have the advantage of 40+ years of tradition.
Limiting birthright citizenship to those born to US Citizens is a position with which I agree. It is a position one can hold and be consistent. It is fairly easily defensible, and has the weight of millennia (more or less) of tradition behind it.
What is not consistent is, well, inconsistency on the issue. What, did you not know what "birthright citizenship" meant in context? Are you vacillating hoping to find the "right" answer? Are you someone of no principle (at least on this issue)?
Heck, based on the 14th Amendment, I can even make an argument for geography-based citizenship for those born here to *legal* visitors/resident aliens (that whole: "and subject to the jurisdiction thereof," thing).
But pick one, defend it, and stick with it.
Posted by: AllenG (DedicatedTenther) - Fire-hooks and Rock Salt for sale at August 24, 2015 12:31 PM (kff5f)
And if you recall we went through the same thing in 2011. And sure enough back then people were screaming about how the economy was going to blow up, Dow 5000 talk, and the rest of it.
Like I said, amusing.
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:31 PM (0LHZx)
Yes, Walker is a better choice than Bush or a glazed doughnut or a ham sandwich or Joe Biden. (I'd definitely vote for any of those except Bush or Biden.)
But that ain't saying much.
Posted by: _Dave_ at August 24, 2015 12:31 PM (l2dSQ)
------
You should invest with Moo Moo Financial Services. Sure they are smug, but they are always right.
Posted by: SH at August 24, 2015 12:32 PM (gmeXX)
>>Wait what? 5%?
>>But I was told I have to panic.
If you think stocks are accurately priced and there are no structural problems in this market then you aren't nearly as smart as you seem to think you are.
Posted by: JackStraw at August 24, 2015 12:32 PM (OGm46)
Bernie blames this on "unfettered free trade."
------
Bernie doesn't know what "unfettered free trade" is, except that it is something he isn't supposed to like according of the Heresy of Saint Marx.
Posted by: exdem13 at August 24, 2015 12:32 PM (ry4ab)
to deal with alot of this shit and don't think things thru.
Posted by: Misanthropic Humanitarian at August 24, 2015 12:25 PM
You could say the same about Senators and Representatives, too. Or anyone in Big-Time National Politics.
There farther up the ladder you climb, the more insulated you are from reality.
Wannabe Preezys who lounge around in Congress have an unfortunate tendency to tell us the are All Clued In on and Totally Involved with the really important stuff. They lie.
Posted by: MrScribbler at August 24, 2015 12:32 PM (SNBrO)
Posted by: Boss Moss at August 24, 2015 12:33 PM (OO77h)
Posted by: Dack Thrombosis
-----
I'm not that smart and all my money is tied up in trying to be alive in 2015.
Posted by: Hopped Up On Something at August 24, 2015 12:33 PM (NHtMs)
to deal with alot of this shit and don't think things thru.
------
Except the ones in Texas, but he said something about having a heart - so screw him.
Posted by: SH at August 24, 2015 12:33 PM (gmeXX)
Posted by: rickb223 at August 24, 2015 12:29 PM (4dbPD
Not sure where you are located stiff NW wind is pushing it hopefully your way.
Posted by: Misanthropic Humanitarian at August 24, 2015 12:33 PM (QyBQv)
Posted by: HR braucht ein Bier at August 24, 2015 12:24 PM (/kI1Q)
lol....yes.
Posted by: phoenixgirl, i was born a rebel at August 24, 2015 12:34 PM (0O7c5)
Dude I work with took his 1/4 mil out of his 401k and put it in "annuities."
Posted by: Fritz at August 24, 2015 12:30 PM (UzPAd)
_______________________
Hmmmm, can't be worse than freakin' silver dimes. Silver. Dimes. WTF?
Posted by: Hillary Clinton at August 24, 2015 12:34 PM (HSmrB)
Posted by: Blano at August 24, 2015 12:34 PM (NHQQx)
Posted by: Moderate Salami, weeping for our dead Republic at August 24, 2015 12:34 PM (/Ho8c)
Posted by: Dick Bilson at August 24, 2015 12:34 PM (TwjuU)
http://astore.amazon.com/aoshq-20/detail/B014BTSEYO
Golden Isis right now is #68 in Occult. Since it has Nazis, it's Occult right?
Posted by: Anna Puma at August 24, 2015 12:34 PM (gPuuk)
Posted by: fixerupper at August 24, 2015 12:34 PM (8XRCm)
Posted by: Boss Moss at August 24, 2015 12:35 PM (OO77h)
What can't go on forever, doesn't. Reality eventually reimposes itself.
It's a fiscal SMOD, and I'm loving watching every minute of it.
Posted by: Qoheleth at August 24, 2015 12:35 PM (iIzG7)
You should invest with Moo Moo Financial Services. Sure they are smug, but they are always right.
Posted by: SH at August 24, 2015 12:32 PM (
Be one of the first 30 callers and get a free aborted baby to make some extra money with. Sorry no C.O.D.s.
Posted by: Misanthropic Humanitarian at August 24, 2015 12:35 PM (QyBQv)
He's not entirely wrong: if we truly had unfettered free trade like in the 19th century, it is really volatile and has severe swings. A free market goes through a sort of irregular sine wave of growth and recession. As opposed to a centrally planned market that drops, bounces slightly as it grinds near the bottom, then craters completely after a while.
Posted by: Christopher Taylor at August 24, 2015 12:35 PM (39g3+)
Posted by: JackStraw at August 24, 2015 12:32 PM (OGm46)
________
S&P 500 P/E is around 16. That's right in the sweet spot.
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:35 PM (0LHZx)
Posted by: Daniel Plainview at August 24, 2015 12:35 PM (QCwhW)
I wish Francis was resigning... Now he's on the "Reform" criminal justice" bandwagon....
Posted by: donna at August 24, 2015 12:35 PM (hUdMz)
Like I said, amusing.
Posted by: HUCK / AKIN 2016
You have my permission to stop commenting.
Posted by: weft cut-loop at August 24, 2015 12:35 PM (ZCFje)
Due to a brutal winter no doubt
========
It's even money that, by the end of the day, at least one "financial" column will downplay the fall with some sort of reference to over-blown fears about potential damage from Hurricane Danny.
Posted by: RoyalOil at August 24, 2015 12:36 PM (ZvKdv)
Farmers Almanac is calling for a long cold winter I believe.
Posted by: wrg500 at August 24, 2015 12:30 PM (C278+)
It's been awfully cool here for the last week or so as well, more so at night.
Not ready for summer to be over that's for sure.
Posted by: Dack Thrombosis at August 24, 2015 12:36 PM (oFCZn)
i emailed him this morning...still waiting to hear back....if anyone is close to 95 in the northern portion of sc let me know.....
Posted by: phoenixgirl, i was born a rebel at August 24, 2015 12:36 PM (0O7c5)
Posted by: Ricardo Kill at August 24, 2015 12:36 PM (LA7Cm)
Posted by: Nevergiveup at August 24, 2015 12:36 PM (gf8BH)
Posted by: JackStraw at August 24, 2015 12:36 PM (OGm46)
Posted by: _Dave_ at August 24, 2015 12:24 PM (l2dSQ)
Such is the curse of running for Pee Resident. You have to have AT LEAST three different positions, depending on which group you happen to be talking to that day, and of course with social media being what it is, you can't get away with that so easily these days.
Of course, there is always a fourth position: the one they will actually do, should said candidate manage to get his knuckle-headed self elected.
Posted by: BurtTC at August 24, 2015 12:36 PM (TOk1P)
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:36 PM (0LHZx)
Posted by: Methos
Jonathan Cahn has a few things to say about this 7-year cycle.
http://goo.gl/U6dBmB
https://youtu.be/Qi0ZJ4sCwwY
Posted by: Michael the Hobbit at August 24, 2015 12:37 PM (dPpmC)
You're right, and its good to have a voice of calm in the shouting. But your tone is needlessly arrogant and condescending, which is hurting your message, I think.
This isn't a disaster, in fact if you were rich and in the market this morning, it was an opportunity but its not a good sign to watch the market bounce around like this, particularly as the far east is crashing.
Posted by: Christopher Taylor at August 24, 2015 12:37 PM (39g3+)
Heard the same. Wet too due to El Nino they say.
Posted by: Ricardo Kill at August 24, 2015 12:37 PM (LA7Cm)
Posted by: donna at August 24, 2015 12:37 PM (hUdMz)
Posted by: Mr. Mook Mook at August 24, 2015 12:37 PM (JCWve)
... right up to the point that you can't anymore.
Posted by: EndOfPatience at August 24, 2015 12:37 PM (ZAIv+)
And gradually fall away from any consideration for higher office because it's a stupid damn opinion.
Some people actually learn stuff -- and I don't mean from political consultants.
Posted by: MrScribbler at August 24, 2015 12:38 PM (SNBrO)
So the question I have is what is the actual tie between the real economy that people face (buying milk at the grocery store) and the stock market.
As a total outsider, all the business show dorks look like folks who can't see the forest for the trees.
What actual difference does it really make if the market corrects, crashes, or goes sky high? Sure the stockbrokers and heavy traders "make" some money. But how does this translate into generic business?
Posted by: Azenogoth (Freedom or Fire) at August 24, 2015 12:38 PM (UPYPp)
Maintain the standard political environment that has been strongly lilting left for well over a decade now?
Nah.
It's time to shake it up! If Cruz or Jindal doesn't t rise in the polls: TRUMP is our guy.
Posted by: _Dave_ at August 24, 2015 12:38 PM (l2dSQ)
Posted by: Laup Nor at August 24, 2015 12:38 PM (Vrqr0)
My brother lost quite a bit from investments in companies that disappeared in the collapse. Those stocks weren't around to hang on to.
Posted by: Christopher Taylor at August 24, 2015 12:38 PM (39g3+)
Posted by: donna at August 24, 2015 12:37 PM (hUdMz)
Some people just don't seem to know when they are not welcome or don't care, or just fuckin asshole...yeah that's the ticket, they are fuckin assholes
Posted by: Nevergiveup at August 24, 2015 12:38 PM (gf8BH)
Who could have ever thought this would happen -
with a rigged and opaque market like China?
Posted by: naturalfake at August 24, 2015 12:31 PM (0cMkb)
My thought exactly. Which is one reason why the corrupt practices of the Obongo Administration are so invidious: no one can believe ANY of the economic indicators they release. They're constantly having to restate them ("would you believe ...?") and the media keep reporting every train wreck as happening "unexpectedly." Maybe they should start expecting some?
Posted by: Jay Guevara at August 24, 2015 12:38 PM (oKE6c)
----
No they didnt.
If you rode the wave down then rode the wave back up..... you didnt triple your fucking money.
Only if you bought in fresh at teh botom could you do that.
Now.... please stop braying to every body about how fucking smart you are.... because youre not.
MMMMkay????
Posted by: fixerupper at August 24, 2015 12:39 PM (8XRCm)
All the dolts who put in sell orders over the weekend just lost 7-8%.
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:39 PM (0LHZx)
Do you have any clue what started happening in 2008 that kept this market afloat? It's not that hard, been in all the papers and everything.
Or did you think we could go on printing money forever with no reckoning?
Posted by: JackStraw at August 24, 2015 12:39 PM (OGm46)
He's down here in DFW with the rest of us rednecks.
Posted by: Ricardo Kill at August 24, 2015 12:36 PM (LA7Cm
I know where YOU are located. But not the rickb.
I'll send some cold shit your way Ricky.
Posted by: Misanthropic Humanitarian at August 24, 2015 12:39 PM (QyBQv)
The tough part is, nobody really knows when that point is. Its always easy to look back and point to how obvious it was, but as you're going through it?
Posted by: Christopher Taylor at August 24, 2015 12:40 PM (39g3+)
Heard the same. Wet too due to El Nino they say.
Posted by: Ricardo Kill
What do the wooly worms say?
Posted by: Bertram Cabot Jr. at August 24, 2015 12:40 PM (W5DcG)
You're right, and its good to have a voice of calm in the shouting. But your tone is needlessly arrogant and condescending, which is hurting your message, I think.
This isn't a disaster, in fact if you were rich and in the market this morning, it was an opportunity but its not a good sign to watch the market bounce around like this, particularly as the far east is crashing.
Posted by: Christopher Taylor at August 24, 2015 12:37 PM (39g3+)
It's moo moo. It's all the miserable dishonest little amoral shit is capable of. It's why Christians he meets talk about God to him. Because if they didn't they'd punch him in his worthless lying face.
Posted by: Buzzion at August 24, 2015 12:40 PM (zt+N6)
Gee, a fucking crying shame? Since all they "teach" in those "Schools" is Jooo hate anyway.
Posted by: Nevergiveup at August 24, 2015 12:41 PM (gf8BH)
Undocumented Mark Steyn in for Rush:
"Trump is appealing to those who think America just doesn't work anymore."
YEP! Damn straight!
LET'S SHAKE IT UP!!
Posted by: _Dave_ at August 24, 2015 12:41 PM (l2dSQ)
Posted by: exdem13 at August 24, 2015 12:41 PM (ry4ab)
Posted by: Anna Puma at August 24, 2015 12:41 PM (gPuuk)
Posted by: Coolio at August 24, 2015 12:21 PM (uZIDZ)
Hai, hai!
Posted by: Detroit at August 24, 2015 12:41 PM (TYZLQ)
Posted by: Ricardo Kill at August 24, 2015 12:41 PM (LA7Cm)
Do you have any clue what started happening in 2008 that kept this market afloat? It's not that hard, been in all the papers and everything.
Or did you think we could go on printing money forever with no reckoning?
Posted by: JackStraw at August 24, 2015 12:39 PM (OGm46)
_________
It doesn't matter what I think. I'm telling you what actually happened. Those who sold in 2008 lost a shit load of money. Those who didn't made a lot of money.
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:41 PM (0LHZx)
Heard the same. Wet too due to El Nino they say.
Posted by: Ricardo Kill at August 24, 2015 12:37 PM (LA7Cm)
Caterpillars not only have a furrier coat that usual, if you look close you can see them wearing little thermal undies under their coats.
Posted by: BurtTC at August 24, 2015 12:42 PM (TOk1P)
Posted by: Anna Puma at August 24, 2015 12:42 PM (gPuuk)
Posted by: SH at August 24, 2015 12:42 PM (gmeXX)
deficits are going to explode just paying interest on the debt to the
point where every penny we get from taxes every year just pays the
interest
============
Exactly. That is the cold, hard math. It is inevitable.
Leftists fucking love to point out how great the JEF is by talking about how the deficit was cut.
Yes. By back-loading all that interest to the future and through printing billions of e-dollars to float that loan.
Remember: Barack Obama--also a sitting Senator at the time--did not suspend his campaign in 2008.
And the same advisors who told McCain that would be a winning play are the ones today telling us Trump can't win and we should heap hate and vitriol upon his supporters.
Posted by: RoyalOil at August 24, 2015 12:42 PM (ZvKdv)
children from returning to school for the new term Monday, as the UN
agency that employs them struggles financially."
If the kids and the teachers aren't in school, then there's no human shield to protect the missiles they're hiding and launching from there. HIT THEM NOW.
Posted by: Qoheleth at August 24, 2015 12:43 PM (iIzG7)
FTSE had the biggest one day drop since 2009. Down 4.6%
Posted by: JackStraw at August 24, 2015 12:43 PM (OGm46)
Posted by: Misanthropic Humanitarian at August 24, 2015 12:35 PM (QyBQv)
Calvarium On Demand?
Posted by: Insomniac at August 24, 2015 12:43 PM (2Ojst)
The original Black Friday had nothing to do with shopping. It's when gold skyrocketed and bankers refused to honor notes and were hung in the streets of New York.
The Army was called in to quell the violence.
So when the economy is tanking, let's take a look back at the recent polls and see who voters trust the most on economy and jobs....
Hmmmmm....
"They're rapists."
Trump
2016
Posted by: prescient11 at August 24, 2015 12:43 PM (q5APL)
But if the vector sum of market sentiment adds up to a 25% downleg, that 25% loss still will materialize. It will merely do so over a couple of sessions instead of all at once.
Posted by: torquewrench at August 24, 2015 12:44 PM (noWW6)
Posted by: Christopher Taylor at August 24, 2015 12:44 PM (39g3+)
-----
Its more of a brisk walk.
Posted by: SH at August 24, 2015 12:42 PM (gmeXX)
More like a wobble and a shuffle.
Posted by: Buzzion at August 24, 2015 12:44 PM (zt+N6)
Posted by: Qoheleth at August 24, 2015 12:44 PM (iIzG7)
Posted by: exdem13 at August 24, 2015 12:44 PM (ry4ab)
The US continues to downgrade.
remember this
The 2011 S&P downgrade was the first time the government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011.
Yeah, well, we are morally and ethically downgraded to "O." Which I believe is the bottom rung of the rating structure.
Posted by: artisanal 'ette at August 24, 2015 12:44 PM (qCMvj)
Posted by: Bruce With a Wang! at August 24, 2015 12:44 PM (iQIUe)
Who am I?
I'll give ya 2 guess, but you'll only need one
Posted by: Nevergiveup at August 24, 2015 12:44 PM (gf8BH)
Posted by: fixerupper at August 24, 2015 12:44 PM (8XRCm)
Posted by: Anna Puma
______________
Are you asking how much a Grecian earns?
Posted by: Furious George at August 24, 2015 12:45 PM (UlJ3l)
2008 are those who sold. Those who kept calm and realized corrections
are part of investing doubled or tripled their money.
Do you have any clue what started happening in 2008 that kept this
market afloat? It's not that hard, been in all the papers and
everything.
Or did you think we could go on printing money forever with no reckoning?
Posted by: JackStraw at August 24, 2015 12:39 PM (OGm46)
Weimar Moo Moo doesn't care about such things? Why are you trying to ruin his Euro vacation plans like that?
Posted by: BurtTC at August 24, 2015 12:45 PM (TOk1P)
This isn't a disaster, in fact if you were rich and in the market this morning, it was an opportunity but its not a good sign to watch the market bounce around like this, particularly as the far east is crashing.
Posted by: Christopher Taylor at August 24, 2015 12:37 PM (39g3+)
___________
I've been saying this for years. All I hear/read on conservative media is how awful the economy is. It's not awful, it's actually pretty good. And when I point that out I'm called a commie socialist troll.
And yes some of the runup early on was due to the Fed printing money. But right now if you look strictly at p/e ratios the s&p500 is right where it should be. But we can't possibly say that, because then we're obviously communist socialist Obama loving trolls.
Meh
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:45 PM (0LHZx)
So you're saying that selling at the height of a market drop is a bad thing? Thanks for that insight.
What the hell does that have to do with the fact that financial markets around the world are beginning the inevitable period of correction that was always going to be the result of central bank interference?
Posted by: JackStraw at August 24, 2015 12:45 PM (OGm46)
------
If only we had some sort of historical guide on how Germany might react.
Posted by: SH at August 24, 2015 12:45 PM (gmeXX)
I'll send some cold shit your way Ricky.
26 miles due north of downtown Dallas. I can see the lit buildings of Dallas on a clear night.
Posted by: rickb223 at August 24, 2015 12:45 PM (4dbPD)
This is why the next president is going to eat a huge crap sandwich, no matter who it is, and I'd rather that not be someone like Cruz or Walker that I like.
Posted by: Christopher Taylor at August 24, 2015 12:45 PM (39g3+)
gold skyrocketed and bankers refused to honor notes and were hung in the
streets of New York.
The Army was called in to quell the violence.
When was that?
Posted by: Jay Guevara at August 24, 2015 12:45 PM (oKE6c)
Posted by: Qoheleth at August 24, 2015 12:46 PM (iIzG7)
Who am I?
I'll give ya 2 guess, but you'll only need one
Posted by: Nevergiveup at August 24, 2015 12:44 PM (gf8BH)
Rode a tank and held a general's rank while the blitzkrieg raged and the bodies stank?
Posted by: Insomniac at August 24, 2015 12:46 PM (2Ojst)
Posted by: artisanal 'ette at August 24, 2015 12:46 PM (qCMvj)
Germans taking over Greek property? And Germany expecting 800,000 asylum seekers this year. 70 years later, the Germans will be running trains to Athens, on time, to dump their unwanted masses in the new Lebensraum...
*thud* I am sorry I even made those connections.
Posted by: Anna Puma at August 24, 2015 12:46 PM (gPuuk)
*clomp*
*shuffle shuffle shuffle*
*clomp*
*shuffle shuffle shuffle*
*clomp*
*shuffle shuffle shuffle*
*clomp*
*shuffle shuffle shuffle*
*clomp*
*shuffle shuffle shuffle*
*clomp*
*shuffle shuffle shuffle*
...
Posted by: Hillary "Running" For President at August 24, 2015 12:47 PM (0cMkb)
I remember when President Barack Obama went on the Twitters to reassure everyone about the stock market crash of 2016.
Posted by: Joe Biden IV at August 24, 2015 12:47 PM (JCWve)
That's true on both sides.
You lose no money in the stock market until you sell.
You make no money in the stock market until you sell.
If you're at all likely to need to use your money it shouldn't be anywhere near this market today. If you think it's going up from here, by all means keep your money in. Heck, put more in.
If you've been paying attention to the rampant manipulation, lying, and cheating going on, today's bounce is a great opportunity to sell everything now and wait to buy back in until after the inevitable crash has run its course.
Posted by: Methos at August 24, 2015 12:48 PM (ZbV+0)
It's only good for a certain subset of the population.
Posted by: Moderate Salami, weeping for our dead Republic at August 24, 2015 12:49 PM (/Ho8c)
Posted by: rickb223 at August 24, 2015 12:45 PM (4dbPD)
We must be neighbors. I live in the Plano-Richardson area.
Posted by: Michael the Hobbit at August 24, 2015 12:50 PM (dPpmC)
I shit you not it's not a joke. Powerline has linked to an article in the NY Sun called:
The Trump Recession.
TDS is full blown retardation.
Posted by: prescient11 at August 24, 2015 12:50 PM (q5APL)
-----
I would agree with CT that your tone is probably not helping. I would say the economy is ok, but there are definite and obvious structural problems. And the economy could be a lot better. From a materialistic standpoint, we are much better off as a society today than we were 20 years ago. So in that sense things are good. But the economy is not growing like it has in the past nor like it needs to. Markets go up and down, and just because it has not crashed like people have said doesn't mean it won't.
Posted by: SH at August 24, 2015 12:50 PM (gmeXX)
As much as we like to shout about the incompetence of Obama, has anyone noticed how incredibly effective Obama has been at damaging out country and damaging the conservative movement?
Am I alone here?
Does anyone see how devastating Obama's Executive Order De Facto Amnesty has been to our movement?
Do. We. Just. Not. See. It. - ??
Posted by: _Dave_ at August 24, 2015 12:50 PM (l2dSQ)
No, wait.
BUY! BUY! BUY!
Wait....
HOLD! EVERYONE JUST SIT TIGHT! HOLD!
Wait, no.
SELL! FOR GOD'S SAKE, SELL!
Posted by: Warden at August 24, 2015 12:51 PM (wHAYQ)
Posted by: Soona at August 24, 2015 12:51 PM (P25Hh)
how mean Germany is and how its turning into a German colony. Well
that's what happens when you take huge loans you can't pay back, people.
------
If only we had some sort of historical guide on how Germany might react.
--------
Mid-1941 when Hitler had to put Barbarossa on hold to rescue Mussolini's Greek takeover scheme from collapsing?
Posted by: exdem13 at August 24, 2015 12:51 PM (ry4ab)
This is a problem of perspective. If you're wealthy and enjoying the rich-friendly policies of this administration, things seem great!
If you're not, well there's a different picture out there. Leaving your gated community and the country club and you can see the closed businesses, the homeless camps, and the stuff the press is conspiculously avoiding. There are literally tent camps in Salem, where homeless people are living. They used to call these Hoovervilles. Now they're just written out of the narrative as awkward.
The unemployment level in the country is catastrophic. A ridiculously high number of the public is living off the government through food stamp programs etc. And its all being paid for by the treasury borrowing money from the fed that is just being printed on demand.
This isnot a good economy. It is not healthy. Its rotted to the core and crumbling from underneath. The only question is when it collapses, not if. You can party like its 1999 if you want to, because you have money. But when the dollar is worth a tenth what it is now, how well will that serve you? When there's rioting in the streets because the government can't give away phones and food and housing any longer, how much will that little fence around your house save you?
Posted by: Christopher Taylor at August 24, 2015 12:51 PM (39g3+)
What the hell does that have to do with the fact that financial markets around the world are beginning the inevitable period of correction that was always going to be the result of central bank interference?
Posted by: JackStraw at August 24, 2015 12:45 PM (OGm46)
______________
No they're not. It's a small correction. That's my point. Small corrections happen, all the time.
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:53 PM (0LHZx)
And if you recall we went through the same thing in 2011. And sure enough back then people were screaming about how the economy was going to blow up, Dow 5000 talk, and the rest of it.
Like I said, amusing.
Posted by: HUCK / AKIN 2016 at August 24, 2015 12:31 PM (0LHZx)
Yes, your right. Of course, the dollar is one worth 1/3 of its value from when Obama took office.
Posted by: Make America Great Again at August 24, 2015 12:53 PM (LXJ1e)
If it isn't STOPPED, this latest trend toward the soft pedaling of the Illegal Immigration Crisis will NECESSARILY DOOM all hope for the conservative movement having a significant voice in American politics.
WE'RE AT THE CUSP, FOLKS.
- Don't treat this as politics as usual.
Posted by: _Dave_ at August 24, 2015 12:53 PM (l2dSQ)
Dec 2007 $61.8
Dec 2008 $44.5
Mar 2015 $61.3
About 62% domestic, private, international equities.
Just barely back to 2007 levels. Just saying.
Posted by: Gouverneur Morris at August 24, 2015 12:53 PM (dQJCS)
Posted by: Make America Great Again at August 24, 2015 12:54 PM (LXJ1e)
***********
Shiller P/E: 24.9 ( -1.17%)
Shiller P/E is 50% higher than the historical mean of 16.6
Implied future annual return: 0.4%
Posted by: Warden at August 24, 2015 12:54 PM (wHAYQ)
TDS is full blown retardation.
Yeah I'm with you on this one. And PowerLine is usually pretty solid and trustworthy with their analysis.
Posted by: Christopher Taylor at August 24, 2015 12:54 PM (39g3+)
Posted by: prescient11 at August 24, 2015 12:55 PM (q5APL)
Posted by: Anna Puma at August 24, 2015 12:55 PM (gPuuk)
Posted by: Anna Puma at August 24, 2015 12:56 PM (gPuuk)
Posted by: East Bay Jay at August 24, 2015 12:56 PM (7v8o1)
Posted by: Make America Great Again at August 24, 2015 12:56 PM (LXJ1e)
Yeah this is the key thing. For the market manipulator and heavy duty investor, things probably went well for you as Moo² says. But for the bulk of the public in the market, for those with retirement investments and so on... its barely recovered.
Posted by: Christopher Taylor at August 24, 2015 12:56 PM (39g3+)
Posted by: prescient11 at August 24, 2015 12:56 PM (q5APL)
Those who kept calm and realized corrections are part of investing doubled or tripled their money.
----
No they didnt.
If you rode the wave down then rode the wave back up..... you didnt triple your fucking money.
Only if you bought in fresh at teh botom could you do that.
Now.... please stop braying to every body about how fucking smart you are.... because youre not.
MMMMkay????
==================
That's exactly it.
He is a fucking idiot.
The amount of value lost in 2008 was such that not even a DOW at 30,000 right now would have been sufficient to recover it if you played the "hold and weather the storm" strategy.
And this is to say nothing of the millions of retirees who HAD to sell at a loss as they required that income stream---they will never fucking get that value back.
A whole hell of a lot of them were set for retirement and are now looking at probably half of the money they needed to have.
Posted by: RoyalOil at August 24, 2015 12:57 PM (ZvKdv)
I know, I should get to work. I keep stalling out of just... fear I guess. Fear it won't sell well and all my effort will be for nothing like the last two books. Fear it won't turn out well and I will have put all that time and energy into it for nothing. And I don't have a lot of energy to spare.
Posted by: Christopher Taylor at August 24, 2015 12:58 PM (39g3+)
You're a liar and/or an imbecile.
*stagnant wages
*inflation
*lowest workforce participation in decades
*combined with unfettered illegal immigration, further watering down the labor market
*companies are leaving the US
*successful startups are being strangled by old interests (think Uber)
*real unemployment >10%, for YEARS
Hurray for whatever ivory tower you live in, but your own particular circumstances =/= "the economy."
Posted by: Oh who cares at August 24, 2015 12:58 PM (8nJ78)
A whole hell of a lot of them were set for retirement and are now looking at probably half of the money they needed to have.
Posted by: RoyalOil at August 24, 2015 12:57 PM (ZvKdv)
Not to mention the massive losses in interest income. There used to be day when people parked their money in CD's and lived off of that interest.
Posted by: Make America Great Again at August 24, 2015 12:59 PM (LXJ1e)
Until it isn't.
Anyone making predictions is full of shit. But let's not pretend these gains are supported by the fundamentals. The Fed has been running the virtual printing presses on full blast since 2008.
Posted by: Warden at August 24, 2015 01:00 PM (wHAYQ)
And this is to say nothing of the millions of retirees who HAD to sell at a loss as they required that income stream---they will never fucking get that value back.
A whole hell of a lot of them were set for retirement and are now looking at probably half of the money they needed to have.
--
Better yet, wait until the inevitable inflation hits.
Posted by: Vashta Nerada at August 24, 2015 01:00 PM (gJyfA)
Yeah. And nobody can predict the exact time the collapse will happen although I can hazard a guess.
Call me conspiratorial and crazy and wearing a tinfoil hat if you want. But the timing of the 2008 crash was way, way, way too convenient for the Democrats and Obama. It was exactly when they needed it. now it was obvious to everyone it was coming, but that exact time? Soros or someone like him, or a group of someones decided that was a good time to start pulling money out of banks and crash the system. When the big guy started doing it, all the others started to and the fed had to shut things down. Crash.
If a Republican is doing really well next year come around September, that's when we'll see the disaster come. We can't predict when it will happen organically but I suspect we can predict when it will be triggered.
Posted by: Christopher Taylor at August 24, 2015 01:06 PM (39g3+)
And yes some of the runup early on was due to the Fed printing money. But right now if you look strictly at p/e ratios the s&p500 is right where it should be. But we can't possibly say that, because then we're obviously communist socialist Obama loving trolls.
Meh
Posted by: HUCK / AKIN 2016
You are so full of shit
According to the Shiller PE ratio that's actually studied and quantified historical price to earnings ratios, market cap and GDP stock prices (and went on to win a Nobel Prize in Economics) the market is extraordinarily overvalued right now.
Posted by: Coolio at August 24, 2015 01:06 PM (uZIDZ)
Posted by: Coolio at August 24, 2015 12:24 PM (uZIDZ)
________________
Nothing that importing a few million more poor Third-World illegal aliens won't solve!
Posted by: Dims and GOPe at August 24, 2015 01:08 PM (kGrdk)
Posted by: OldDominionMom at August 24, 2015 01:09 PM (GzDYP)
Posted by: East Bay Jay at August 24, 2015 01:24 PM (7v8o1)
Posted by: _Dave_ at August 24, 2015 01:34 PM (l2dSQ)
I was formulating the Milton Friedman concept of the wrong people doing the right thing (regarding Teh TRUMP) for a few hours.
But Mark Steyn has done it for me!!!
Tune in! Tune in to Mark Steyn on Rush. RIGHT NOW!!
Posted by: _Dave_ at August 24, 2015 01:36 PM (l2dSQ)
Trump is INDEED the Catalyst in this race.
You know what would make imminent sense?
You know what would make imminent and total sense?
If Trump holds strong and clinches the nomination: fellow conservative the likes of Limbaugh and Steyn GET FULL FORCE BEHIND TEH __TRUMP__.
And wussy intellectual semi-conservatives like George Will cry about the Trump candidacy.
That makes sense.
Posted by: _Dave_ at August 24, 2015 01:42 PM (l2dSQ)
Posted by: tsj017 at August 24, 2015 02:05 PM (4YUWF)
If investment banks want to lever up, load their balance sheets with risky investments and go bust, so be it. To a certain extent that's capitalism.
But these investment banks should not be allowed to engage in those activities while possessing an explicit government back stop. And ultimately that's the end result of allowing them to gobble up commercial banks and hold depositors hostage.
Posted by: Ernie McCracken at August 24, 2015 02:13 PM (ZX7A1)
Posted by: Kodos the Executioner at August 24, 2015 03:38 PM (hvG3q)
Posted by: Islamic Rage Boy at August 24, 2015 04:18 PM (H5dz3)
Posted by: Jeffrey Carter (@pointsnfigures) at August 24, 2015 04:30 PM (LnE5F)
Posted by: Shoey at August 24, 2015 04:33 PM (vA94g)
This would allow more flow of thought and creativity thru their society and economy, and help things to move forward rather than stagnating or going sideways.
Posted by: Seipherd at August 24, 2015 06:36 PM (puxmh)
Posted by: Islamic Rage Boy at August 24, 2015 07:45 PM (H5dz3)
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