Posted on 08/23/2015 9:30:42 PM PDT by TigerClaws
Dow futures -460 right now, after -538 on Friday. Nasdaq far worse down a staggering 4.2%. Wow. The Fed rate hike is gone. Forget it. ZERO chance. If the market crashes, Trump is going to win in historical proportions. Bring on Biden/Warren. MAYBE they’ll win Del. and Mass.
Make that down 530. And I’m shutting down for the night. At this point, I wonder if the exchanges will even open in the morning.
Unfortunately, it often works in the opposite direction historically. Financially stressed countries with authoritarian regimes often use war to redirect the anger of the population.
Yeah, they will...this is not as bad as it looks. We are way due for a 10-12% correction.
There needs to be another catalyst like a Lehman or a bond crisis...(US bondholders flee)
This is possible due to the timing, (going into September).
We shall see.......I’ve been expecting it.
You cannot operate a market on pure bullshit for the longterm...
A lot of wealthy Chinese are buying expensive homes in southern California and paying cash for them. That’s a good way to get money out of China.
Arcadia, a suburb of L.A., is becoming known as the “Chinese Beverly Hills”.
Oil down to $39.29
Deflationary recession on the horizon?
Yeah, and currently, Chinese agents are harassing them and trying to repatriate that money. The US appears to be allowing this at the present time.
Oil is just a small part of it.
All of major metals and materials have been dropping for months..
marker
wow
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Houston is going to be in bad shape if oil drops much further.
Stock Rout Spreads Through Europe After China Plunge
“wonder if the exchanges will even open in the morning”
Yes they will open, hell to pay if they don’t. The fat cats move the markets either up or down. They don’t care how they make their money, going long or short at the expense of the Retail investor shlubs. The more volatility the better the profits.
LOL. And at least a casino will serve you free drinks!
Ouch. -349 when I looked.
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“Houston is going to be in bad shape if oil drops much further”
I imagine the whole State is already hurting. I have a family member that bought an old motel with four small cottages. She fixed them up and built one more. A lot of the TX. Oil workers would work a couple weeks straight then get a week off, many travelling a decent distance from their homes to the oil fields. These cottages were always booked full with oil workers, not anymore. I dont recall what city it is, but it is small with no tourism to speak of so she is dead in the water presently with the oil slow down.
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