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Dow futures tumble as Wall Street preps for meltdown
CnbC ^
| 8/24/2015
| Jenny Cosgrove
Posted on 08/24/2015 4:00:11 AM PDT by EBH
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To: Rusty0604
To: MeneMeneTekelUpharsin
Market goes up market goes down....nothing new under the sun.
This too shall pass.
To: MustKnowHistory
It kind of gripes me a bit to see all the prognostication about the market going to zero, yet not one of the predictors have the gonads to put up money to back up their opinions.
Must be understudies of the people who told us two months ago that Trump was but a flash in the pan.
203
posted on
08/24/2015 9:24:22 AM PDT
by
abb
("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
To: Aut Pax Aut Bellum
China was dumping pension money in the markets there by the billions to shore it up. Didn't work, and now those pension monies are gone. My daughter is working in China right now and she says in the news there, they are saying people are jumping off buildings a lot due to losses.
Those folks running around begging people to buy into this to save their own butts, is over the top. I bailed out of the 401 charade long ago. I simply lost all trust in it.
204
posted on
08/24/2015 9:24:54 AM PDT
by
dragnet2
(Diversion and evasion are tools of deceit)
To: plain talk
It is hard to predict the markets, but not because of variable free market forces; it’s hard because it’s all manipulated by big government and the big and central banks.
I think that there is plenty of downside risk here. The real insiders have planned this and have taken their short positions weeks ago. When the carnage is over, they will be able to buy the most essential things up (utilities, commodities, land) at pennies on the dollar. This is one way to get to neo-communism where the state/multinationals control property and the means of production.
205
posted on
08/24/2015 9:26:36 AM PDT
by
grumpygresh
(We don't have Democrats and Republicans, we have the Faustian uni-party)
To: dfwgator
I want to see them raise rates and kill off what’s left of the economy.
206
posted on
08/24/2015 9:30:14 AM PDT
by
dragnet2
(Diversion and evasion are tools of deceit)
To: abb
If you look at profiles of the 500 wealthiest people in the world, you'll find that there isn't a single short-term stock trader among them.
The media today -- including the financial media (ESPECIALLY the financial media) -- is filled with @ssholes who earn a lot more money spouting nonsense on the air than they could ever make as investors.
207
posted on
08/24/2015 9:31:30 AM PDT
by
Alberta's Child
("It doesn't work for me. I gotta have more cowbell!")
To: Alberta's Child
Yes. If they’re so smart to give investment advice, why are they still working?
208
posted on
08/24/2015 9:35:26 AM PDT
by
abb
("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
To: grumpygresh
It is hard to predict the markets, but not because of variable free market forces; its hard because its all manipulated by big government and the big and central banks.The fed obviously affects the macro market conditions etc. But what we are seeing today happens all the time .. variable machine sells and buys as thresholds are hit in response to an event such as China. An individual can't compete with these arrays of machines.
To: Extremely Extreme Extremist
Wall Street will be demonized
And here comes Warren!
210
posted on
08/24/2015 9:37:12 AM PDT
by
VerySadAmerican
(Since you're so much smarter than me, don't waste your time insulting me. I won't understand it.)
To: abb
Well, the DOW is down 108 points right now.
Better sell while you can! /s
211
posted on
08/24/2015 9:37:41 AM PDT
by
eyedigress
((Old storm chaser from the west))
To: VerySadAmerican
We'll demonize Wall St.
212
posted on
08/24/2015 9:39:25 AM PDT
by
Jane Long
("And when thou saidst, Seek ye my face; my heart said unto thee, Thy face, LORD, will I seek")
To: Impy; fieldmarshaldj; AuH2ORepublican
DOW is up 900 points since 935am EDT.
a 1-day bull market.
213
posted on
08/24/2015 9:43:30 AM PDT
by
campaignPete R-CT
(A Christian man who is content to be ruled by Elena Kagan is no Christian and not a man.)
To: Jane Long
She wasn’t asking Biden “How?” That’s her Indian greeting. Joe called her up and said “Hello.”
She replied “How.”
214
posted on
08/24/2015 9:43:37 AM PDT
by
VerySadAmerican
(Since you're so much smarter than me, don't waste your time insulting me. I won't understand it.)
To: VerySadAmerican
215
posted on
08/24/2015 9:44:49 AM PDT
by
Jane Long
("And when thou saidst, Seek ye my face; my heart said unto thee, Thy face, LORD, will I seek")
To: campaignPete R-CT
A bunch of billionaires just got 10% of their losses back in half a day.
216
posted on
08/24/2015 9:47:50 AM PDT
by
eyedigress
((Old storm chaser from the west))
To: EBH
These big drops could start occurring daily.
217
posted on
08/24/2015 9:48:23 AM PDT
by
dragnet2
(Diversion and evasion are tools of deceit)
To: dragnet2
Next month what would happen if the DOW hit the circuit breakers within the first 30 seconds of opening and did that every day for a week. At what point is trading suspended indefinitely?
218
posted on
08/24/2015 9:58:09 AM PDT
by
SVTCobra03
(You can never have enough friends, horsepower or ammunition.)
To: SVTCobra03
I’d guess that could happen.
219
posted on
08/24/2015 10:01:27 AM PDT
by
dragnet2
(Diversion and evasion are tools of deceit)
To: Read Write Repeat
I worked as CFO for a PEU in CA and that is how they operate. Schools and special districts sell pension bonds besides raising taxes but taxpayers always end up paying for gov’t pensions one way or the other. Most of them factor in a rate of return over seven percent and when they don’t realize it taxpayers have to make up the difference.
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