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Wall Street in free-fall as traders ditch stocks amid global rout (Dow Down 921/6%)
Yahoo Finance ^ | August 24, 2015 | Adam Samson

Posted on 08/24/2015 6:36:42 AM PDT by C19fan

Wall Street plummeted early Monday as traders aggressively sold stocks and bid-up only the safest asset classes.

The Dow Jones Industrial Average tumbled 577 points, or 3.5%, to 15843, the S&P 500 plunged 77.5 points, or 3.9%, to 1884, and the Nasdaq Composite dived 412 points, or 8.7%, to 4295

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy
KEYWORDS: 1moretime; investments; stockmarket; stocks
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To: TexasFreeper2009
The problem is much more than Obama and his term in office. The globalists have ensured that manufacturing has shifted from the Developed World to the Third World. China has become the engine of the global economy. When China sneezes, the world catches a cold.

The Chinese economy has slowed down from its huge, almost continuous high growth. When that happens, it buys fewer commodities hurting countries like Australia. In an effort to stimulate growth and make its products more attractive, China devalued its currency. This will make it easier for China to sell its products and increase foreign investment. The downside is that their imports will cost more.

The US dollar will gain strength as people put their money in the safest place they can. This however hurts American exports, which become more expensive.

The bottom line is that the US is no longer the engine of the global economy. China is.

61 posted on 08/24/2015 7:19:15 AM PDT by kabar
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To: Nervous Tick

Most likely. Here’s their dividend history since 1911.

http://cdn.exxonmobil.com/~/media/global/Files/Other/2015/EM-dividends-warrants-distributions-1911-to-present


62 posted on 08/24/2015 7:20:00 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: Drango
"Time to buy. Stocks are on sale."

I was just about to do that, but then someone told me they're not making any more land and gold is the only safe store of value.

What's an "investor" to do?

63 posted on 08/24/2015 7:20:27 AM PDT by who_would_fardels_bear
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To: ExNewsExSpook
I got out of the market last week, and I’m sure a lot of other folks did, too.
I bailed out weeks before the 2008 crash and never got back in.
64 posted on 08/24/2015 7:21:54 AM PDT by oh8eleven (RVN '67-'68)
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To: oh8eleven

The DOW’s back to where it was in January, 2014. Down 2,500 points from the high it’s been hovering around for several months.

It had been going up 1000-2000 points a year since 2009.

What goes up must come down.


65 posted on 08/24/2015 7:23:36 AM PDT by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: who_would_fardels_bear
...gold is the only safe store of value.

What about folks who bought gold at $1,890/oz in 2011? Today it's at $1,162. That ain't too "safe."

66 posted on 08/24/2015 7:23:57 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: C19fan

Right now the Dow is up 600 points off the low.


67 posted on 08/24/2015 7:27:30 AM PDT by Fresh Wind (Falcon 105)
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To: kjam22

“Go back 20 to 25 years. Inflate the DOW at 5or 6% per year straight line. The DOW is not too high..... unless you believe there is a cap that it can never go over?”

I believe that if we were getting returns based on real results that would be true. If we are getting market results based on fed intervention and actually entering a deflationary environment it will rip your face off.

Commodity prices like copper are not suggesting 5-6% real growth, or anything like it.


68 posted on 08/24/2015 7:27:41 AM PDT by zek157
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To: Fresh Wind

Correction...up 700 points.


69 posted on 08/24/2015 7:28:38 AM PDT by Fresh Wind (Falcon 105)
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To: Mom MD

Retired four weeks ago. Over the previous six months I moved most of my retirement savings to very stable items. Still have about 30 percent in very stable stocks.

I am done working for now.


70 posted on 08/24/2015 7:30:03 AM PDT by KC Burke (Ceterum censeo Islam esse delendam)
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To: zek157

A commodity prices are driven by supply and demand, costs to produce, technology advancements etc etc. I’m just saying, if someone told you the stock market would average 5 to 6% growth over time, most people would accept that as a okay, not-particularly-scary, number.


71 posted on 08/24/2015 7:32:20 AM PDT by kjam22 (my music video "If My People" at https://www.youtube.com/watch?v=74b20RjILy4)
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To: kjam22

So, you’re saying stock market prices are a function of time?

CA....


72 posted on 08/24/2015 7:34:57 AM PDT by Chances Are (Seems I've found that silly grin again....)
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To: Chances Are

The markets are a function of time. Inflation is a function of time. (unless you believe our future is going to have deflation over time) Looking back it would be difficult to predict deflation over time, but who knows.....


73 posted on 08/24/2015 7:40:32 AM PDT by kjam22 (my music video "If My People" at https://www.youtube.com/watch?v=74b20RjILy4)
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To: who_would_fardels_bear

gold is not an investment:
http://bucks.blogs.nytimes.com/2011/05/23/gold-is-not-an-investment/


74 posted on 08/24/2015 7:41:23 AM PDT by CGASMIA68
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To: zek157

When I first started driving gas was about 50cents per gallon. $2.50ish now? You know... that’s 5 to 6% increase over time.


75 posted on 08/24/2015 7:46:48 AM PDT by kjam22 (my music video "If My People" at https://www.youtube.com/watch?v=74b20RjILy4)
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To: kjam22

So I take it you’re from the “Buy and hold” school of thought? Set it and forget it?

CA....


76 posted on 08/24/2015 8:01:14 AM PDT by Chances Are (Seems I've found that silly grin again....)
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To: Chances Are

I have “set it and forget it” investments. But I have short term as well. Not nearly as many short term because I’m semi-retired. Some individual stocks now and then. No bonds. I don’t view bonds as low risk. I buy real estate for a hedge against market fluctuations.


77 posted on 08/24/2015 8:08:50 AM PDT by kjam22 (my music video "If My People" at https://www.youtube.com/watch?v=74b20RjILy4)
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To: TexasFreeper2009
All the chickens are coming home to roost it seems for Obama and his total ineptitude. Whoever our nominee is will be the next president.

Hate to take issue with you, but with most voters this will provide a major boost for the Elizabeth Warren/Bernie Sanders wing of the Democrat Party. The peasants will be out for blood, and the Fake Indian is willing to deliver.


78 posted on 08/24/2015 8:16:08 AM PDT by Buckeye McFrog
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To: abb

Thanks!


79 posted on 08/24/2015 8:19:54 AM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: kjam22

Same here...around 35% real estate, 35% long-term decent dividend stocks and 30% cash.


80 posted on 08/24/2015 8:25:21 AM PDT by Cementjungle
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