Skip to comments.Stocks Drop 4% From Their All Time Highs And This Happens....
Posted on 01/25/2014 9:58:00 PM PST by Kartographer
South Korea Vice Finance Minister Choo Kyung Ho will host an emergency meeting tomorrow at 11 a.m. with counterparts from Bank of Korea and financial regulators to discuss market instabilities in emerging economies including Argentina, ministry says in text message.
(Excerpt) Read more at zerohedge.com ...
We want plunge protection. ROFL.
This on the heels of Thailand blowing up as well.
also interesting that gold is moving in the opposite direction.
What’s your take on things. Is this it?
Janet Yellen shows up on every TV channel and tells broke viewers now is the time to buy stocks and pay for them in 4 easy installments using their favorite EBT card.
I think when “it” happens, you won’t need to ask “is this it”. That being said, I’m pretty confident that not jumping into the market at 16,000+ is probably wise. The gov is pretty good and manipulating things though so who really knows? I’m liking cash right now honestly.
and let’s face it, the blacks and mexicans engaging in the urban warfare that accounts for the vast majority of our annual gun deaths are all leftist democrats and are, inarguably, the product of leftist democrat policies and leadership.
The markets are probably being manipulated anyway from the look of things
“And then, Watson, there is the curious case of the economic data supporting the rise in stock prices.”
“But Holmes, there are no economic data supporting the rise in stock prices.”
“Precisely, my dear Watson, that is what is so curious.”
Hey...that’s a repost from ZH!
Right after the first of the year I sold 2/3rds of my portfolio. I waited because I didn't want the taxes in in 2013. The remainder is sitting in fairly stable dividend stocks that I've had since I've first got out of the military. I let those ride.
There has been a number of reports and discussions from "investment pros" about a possible 10% correction. I think it will be, and should be, more than that. 20-30% would actually be more reasonable, if not more.
Our economy isn't working, and it is our economy (spending) which drives many other economies around the globe. China's economy is reliant on other countries buying their cheap product and their past GDP growth was also from government investment in construction. Having made business trips their on a regular basis over the past six years, their problem is right in front of you and unsustainable.
Europe still has major issues as does some other parts of the world. It just seems to be a recipe for a perfect storm.
It seems a bit...bubbly...inflated with unsustainable policies. This current situation seems like a reality check. I think the whole bull market has been fueled by bull shiite though and there seems to be an endless supply of that available so who knows what the upper limit really is.
I think when it happens, you wont need to ask is this it.
I believe that stocks were soaring because QE infinity was pumping them
No question about that. In many respects, the Fed IS the market. There was some interesting/curious trading activity during the last hour on Friday that IMO looked like three separate attemtps to push the market higher.
Here’s an interesting article by Charles Payne (posted by Kaslin) that discusses the market nearing critical support levels:
I bought my own plunge protection at the local hardware store. Under $20!
"Just as the markets move higher due to the borrowing of JPY, they can easily reverse lower as margin calls get called in as the selling forces more and more sellers to cover those margin calls. It's a self-fulfilling spiral that once it gets going is very difficult to stop until the sellers have been washed out."
"I hear way too much optimism now," Larry Fink, CEO of investment group BlackRock, told the forum.
Bump for later
The hounds did not bark.